Author: NBTC
Top global crypto exchanges face mounting legal peril in the Philippines after being accused of illegally targeting users and violating strict new digital asset compliance rules. Philippine SEC Flags Major Crypto Exchanges Operating Illegally in the Country The Philippine Securities and Exchange Commission (SEC) published an advisory on Aug. 4, alerting investors about unregistered offshore crypto platforms that continue to serve Filipino users. The regulator warned that a number of digital asset service providers are operating in the country without proper authorization. These platforms, the Philippine SEC stated, are offering crypto trading services in violation of newly implemented compliance requirements.…
Biconomy, a renowned multichain relayer infrastructure provider, has announced its exclusive collaboration with TaskOn, a cutting-edge Web3 platform dealing with task collaboration. The partnership is poised to redefine the growth of the crypto communities while also bolstering their engagement and rewards via interactive quests. According to the announcement shared by Biconomy, the consumers can anticipate a more immersive, rewarding, and dynamic experience with this mutual endeavor. 🚀 We’re thrilled to announce our partnership with @TaskOnXYZTaskOn, the powerful Web3 task collaboration platform, empowers communities to grow through seamless quests and campaigns.Now, we’re making your Web3 journey even more fun, rewarding, and…
Chainlink has launched new Data Streams that bring real-time pricing data for U.S. equities and ETFs directly to blockchains. This update allows developers to build new financial tools like tokenized stocks, synthetic ETFs, and perpetual futures using accurate, fast market data. The new service includes real-time prices for major assets such as SPY, QQQ, AAPL, MSFT, and NVDA. These Data Streams are already being used by DeFi protocols like GMX, Kamino, and GMX-Solana. The data is now available on 37 different blockchains. The goal is to support the growing market for tokenized RWAs. With market projections estimating $30 trillion in…
The recent passage of the US GENIUS Act was widely celebrated as a major step forward for stablecoin adoption, but a key provision may curb the appeal of digital dollars compared to money market funds, raising questions about whether the bill’s authors were swayed by banking industry pressure to restrict yield-bearing stablecoins. The GENIUS Act expressly bans issuers from offering yield-bearing stablecoins, effectively preventing both retail and institutional investors from earning interest on their digital dollar holdings. Because of this, Temujin Louie, CEO of crosschain interoperability protocol Wanchain, cautioned against viewing the legislation as an unqualified win for the industry.…
Trikon, a prominent Web3 chain abstraction layer, has announced its new partnership with Inferium, an advanced platform for developing AI insights infrastructure for autonomous agents and verifiable inference. The collaboration aims to enhance infrastructure for on-chain AI by leveraging the blockchain technology. The platform asserted in its X announcement that this development bolsters the AI-crypto merger to establish autonomous and transparent on-chain infrastructure. Thus, the initiative is set to develop AI agents with robust capabilities dealing with reasoning, evaluation, and execution of tasks on-chain. 🔔 Trikon × Inferium 🤝We’re thrilled to announce our partnership with @InferiumAI which builds the foundation…
Cryptocurrency surges to 88% reacging to record-breaking $5.36 billion in July. AI played a crucial role in boosting the growth as multiple companies increased their crypto treasuries. Bitcoin reached a new all-time high of $122,000, while Ethereum surged by almost 49%. Over the past month, cryptocurrency and AI have seen a significant surge. While crypto rose to 88% to reach a record-breaking $5.36 billion, AI evolved as a key investment theme across various industries to fuel the crypto surge. The digital asset showed an impressive growth, continuing the ongoing trend of adoption expansion. AI-led Sector Allocation Boosts Crypto Growth Capital…
US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told an audience of blockchain researchers and practitioners on Monday that lawmakers and regulators need to protect people’s right to transact privately. Her words come as Roman Storm’s Tornado Cash trial heads toward a verdict. Peirce said in a speech at the Science of Blockchain Conference that privacy-protecting technologies and the right to self-custody crypto should be protected, along with developers of open-source privacy software, who shouldn’t have to answer for the actions of others using the software. “We should take concrete steps to protect people’s ability not only to communicate…
Aethir has partnered with SatLayer to provide strategically controlled growth and liquidity of compute resources in the GPU across its network. The integration will allow Aethir to use the liquidity solutions offered by SatLayer, which is based on Bitcoin ($BTC) to enable the cloud hosts to rent access to GPU compute. The future of AI infrastructure is Bitcoin‑backed with SatLayer 🤝 @AethirCloud.Aethir will leverage SatLayer to provide liquidity for Aethir cloud hosts to lease GPU compute, expanding the capacity of the Aethir network. pic.twitter.com/eELrOt7Pyc — SatLayer 🟨🧊 (@satlayer) August 4, 2025 The alliance brings a mechanism that allows the providers…
A modestly hot name since obtaining a U.S. listing on the Nasdaq a few months back, Galaxy Digital (GLXY) is seeing some selling after posting second quarter earnings on Tuesday morning. Global Markets revenue rose 28% quarter-over-quarter to $55.4 million despite a 22% decline in trading volumes, as Galaxy outperformed broader market trends, said brokerage KBW. The firm’s average loan book grew to $1.1 billion versus peer Coinbase’s (COIN) hitting $879 million. Assets on Galaxy’s platform rose 27% to $8.9 billion, though adjusted gross profit in asset management fell 26% due to lower on-chain activity. As expected, CoreWeave also exercised…
The U.S. government is preparing a major policy shift that could reshape how banks treat crypto. A White House official has confirmed that a new Executive Order will penalize financial institutions for discriminating against crypto firms. This means banks could now face fines if they block or deny services to businesses simply for being in the crypto space. According to analyst Paul Barron, this move may be the biggest regulatory catalyst since the approval of Bitcoin ETFs. CZ Sees Global Impact on Banking Access Changpeng Zhao (CZ), founder of Binance, responded quickly to the news. He shared that U.S. correspondent…