Author: NBTC

Charities in South Korea say crypto provides a simple way for donations. They want fewer steps and a system where people can donate crypto with one click inside exchange apps. According to recent stats, South Korea has more than 10 million crypto investors and traders. The market is dominated by retail users trading Bitcoin, Ethereum, and stablecoins. Korean charities started accepting crypto donations because it is more regulated in the country. The Community Chest of Korea, also known as Fruit of Love, is one of the charities that began accepting crypto donations, according to local media outlets. Donating crypto is…

The Securities and Exchange Commission (SEC) of Nigeria has released an updated policy on its crypto capital rule. In its statement, it updated the requirement to two billion naira. The agency claimed the move was made to improve investor protection and align Nigeria with global cryptocurrency standards. The compliance deadline set at June 30, 2027 for the increased capital requirement could force smaller firms to merge while others exit the market permanently. SEC shakes up Nigerian crypto industry with new crypto capital rule According to the SEC, the changes reflect the increase in funds managed by digital platforms in the…

South Korean exchanges have stepped up efforts in the market centered around United States dollar-pegged stablecoins. According to industry officials, stablecoins have seen a rise in demand across the Korean crypto market amid a rise in the won-dollar exchange rate due to volatility. While the benchmark KOSPI and other commodities like gold and silver have risen to new levels, digital assets have always been left out of previous rallies, which usually leaves South Korean exchanges struggling. However, things have changed this time, with the rise in the value of the US dollar boosting the demand for stablecoins. This has prompted…

Gold broke through $5,000 per ounce for the first time in history. Prices have climbed more than $650 in January alone. Last week’s 8.5% gain marked the largest weekly increase ever in dollar terms. It was also the biggest percentage rise since the Covid pandemic panic in March 2020. Silver also topped $100 per ounce, up 44% this year. The flight to safe havens comes as markets brace for a triple threat: US-Canada-China tariff escalation, potential yen intervention, and rising odds of a US government shutdown. Gold Rally Reflects Eroding Trust TD Securities strategist Daniel Ghali told the Wall Street…

The cryptocurrency space has been buzzing with discussions that center on the possibility of another lawsuit against Ripple. The discussion was sparked after House Democrats sent a scathing letter to the U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins. Bill Morgan explains why SEC cannot reopen Ripple case Notably, the legislators criticized Atkins for dropping major crypto cases, including the one against Ripple. According to the House Democrats, the 12 crypto cases were dropped because those affected allegedly made political contributions to someone of immense power. The development has triggered some in the crypto space to speculate that the…

Japan has shifted its focus to facilitating the approval of cryptocurrency exchange-traded funds (ETFs), aiming to achieve that by 2028. Several analysts also commented on Japan’s goal, anticipating that regulators in the island country will approve crypto ETFs by 2028, thereby allowing major institutions to make substantial investments in digital asset products. Sources close to the situation said this move could dramatically reshape one of the most heavily regulated digital asset markets globally. Japan aims to solidify its position as a leader in the crypto industry Big financial firms such as Nomura and SBI Holdings are widely seen as strong…

Crypto start-up Entropy is closing down and handing funds back to investors, citing issues with scaling and struggling to find product-market fit. Entropy founder and CEO Tux Pacific posted to X on Saturday that the crypto automations platform doesn’t have a viable path forward after years of operation. “After four years, several pivots, and two rounds of layoffs, I’ve decided to wind-up Entropy and return capital to our investors,” Pacific said. Source: Tux Pacific Entropy launched in late 2021 initially as a decentralized self-custody solution, with crypto venture capital giant Andreessen Horowitz backing it alongside Coinbase Ventures as part of…

Ripple CEO Brad Garlinghouse, in his assessment of the cryptocurrency market structure bill being discussed before the US Senate Banking Committee, argued that regulatory clarity is vital for the industry. Garlinghouse said, “Is it perfect? No, absolutely not. But is it better than nothing? Absolutely,” adding that despite its shortcomings, the bill represented progress. Garlinghouse stated that the crypto sector has long faced uncertainty, adding that clear rules are always better than chaos. Based on his experience, he said that while the market structure bill on the Banking Committee’s agenda is far from ideal, it offers room for improvement, and…

Coinbase CEO Brian Armstrong pushed back on reports that the Trump administration is considering pulling its support for the crypto market structure bill, saying instead that the White House has been “super constructive.” “They [White House] did ask us to see if we can go figure out a deal with the banks, which we’re currently working on,” Armstrong said in a social media post. The rumors of the administration started to swirl after Eleanor Terrett, a journalist and co-host of the Crypto In America podcast, said in a X post that “The White House is considering pulling its support for…

Reece Merrick, Ripple Senior Executive Officer/Managing Director of Middle East and Africa, was a key speaker at a recent event by the Gulf Capital Market Association (formerly The Gulf Bond and Sukuk Association), which represents the bond and equity markets of the Arabian Gulf region. In a tweet, Merrick shared a recap of insights he shared at the event, highlighting a clear shift, with institutional finance moving on-chain. He further added that Ripple is uniquely positioning itself to provide the infrastructure and liquidity needed to bridge traditional finance with the future of digital assets. “The evolution is happening now,” Merrick…