Author: NBTC

Coinbase CEO Brian Armstrong warned Tuesday that the Bank of England’s proposed stablecoin caps risk costing the UK its status as a global financial hub, as the exchange simultaneously battles regulators and lawmakers in Washington over rules that could make or break its growing revenue stream. “Stablecoin rules in the UK are being finalized, and are at risk of preventing the UK from being globally competitive in the digital economy,” Armstrong wrote Tuesday on X. “The current direction of the rules does the opposite, and will act as an innovation blocker.” His post amplified a petition by Stand With Crypto…

STS Digital, a Bermuda-regulated digital asset trading firm serving institutional clients, has secured $30 million in a round led by CMT Digital, according to a Thursday announcement. Payward, the parent company of exchange operator Kraken, also participated alongside Arrington Capital, BitRock Capital, Strobe Ventures, and Fidelity’s affiliated investment arm, F-Prime. Established in 2022, STS Digital offers trading in spot markets, options, and structured products across more than 400 digital assets through multiple access channels. The fresh capital will be used to grow the firm’s spot and options infrastructure, enhance its ability to provide liquidity under volatile market conditions, and strengthen…

Dutch Finance Minister Eelco Heinen has announced plans to revise the proposed Box 3 tax overhaul, admitting that it cannot proceed in its current form. “I don’t think the law can pass as it is,” Heinen told RTL Nieuws. “I think something simply went wrong here, and the current law needs to be amended.” He has already consulted his State Secretary and wants to return to the drawing board with the House and Senate. It is unclear whether the legislation will be partially amended or fully rewritten. The new system, set to take effect in 2028, would impose a 36%…

Rising tensions in the Middle East are pushing investors toward safe-haven assets, with gold demand climbing as investors flee equities and crypto markets. On Wednesday, reports revealed that Iran has sharply increased crude oil exports, with shipments from Kharg Island reaching 20.1 million barrels between Feb. 15 and Friday, about three times January’s level, as a preemptive supply release and a hedge against possible disruption if tensions with the United States escalate. At the same time, increasingly hawkish US rhetoric regarding Iran’s nuclear program has raised expectations of confrontation, according to Bitunix analysts. “In the event of a direct US–Iran…

U.S. Securities and Exchange Commission Chairman Atkins is a top speaker at the Digital Chamber’s DC Blockchain Summit next month, and the event’s chief sponsor — Unicoin — is in a legal fight with the agency, claiming the SEC’s chairman is being misled into perpetuating a legacy war on crypto. The chief executive for Unicoin, which is the summit’s “platinum” sponsor, says his company is not allowed to speak with the SEC’s leaders due to the agency’s ongoing legal action against the crypto platform. In May last year, the SEC sued the company and its executives, including CEO Alexander Konanykhin,…

Binance, one of the world’s largest cryptocurrency exchanges, has announced it will list new trading pairs on its margin market. According to the announcement, the TAO/$USD1 trading pair will be available for trading under Cross Margin on February 25, 2026, at 11:00 AM. In addition, the ADA/U, DOGE/U, and PEPE/U trading pairs will be added to the Cross Margin platform at 13:00 on the same day. This will allow users to perform leveraged trades on these pairs. Binance’s announcement emphasized that newly listed trading pairs can often have high volatility. Therefore, investors were advised to implement strict risk management strategies,…

Circle’s freshly filed S-1 registration statement has pulled back the curtain on the economics of the world’s second-largest stablecoin — and the numbers tell a striking story. In Q1 2025 alone, Circle paid $461 million in distribution costs, with the lion’s share going to Coinbase, its primary distribution partner. — The filing makes clear that when it comes to capturing the yield generated by $USDC reserves, the distributor — not the issuer — holds the leverage. The S-1 Breakdown Circle’s IPO filing with the U.S. Securities and Exchange Commission reveals that the company generated approximately $1.68 billion in revenue in…

The United Kingdom’s Financial Conduct Authority (FCA) selected four companies to join a dedicated stablecoin cohort within its long‑running Regulatory Sandbox. In a Wednesday press release, the FCA said it chose Monee Financial Technologies, ReStabilise, Revolut and VVTX from a pool of 20 applicants to test how their stablecoin services perform under the UK’s proposed rules in a “safe environment.” The UK regulator said that its testing would focus primarily on stablecoin issuance and that the four companies would pilot a range of use cases, including payments, wholesale settlement and crypto trading, with findings intended to inform the UK’s final…

Haseeb Qureshi and Alexander Pack got into a public exchange about who truly founded Dragonfly Capital on the social media platform X after Qureshi posted an article detailing how to create a successful venture capital firm. Qureshi initially claimed that he built the firm from zero, but Pack challenged this narrative, stating instead that the firm was established and could boast of a $100 million fund before Qureshi’s arrival. Who truly founded Dragonfly Capital? Haseeb Qureshi, Managing Partner at Dragonfly, posted an extensive 13-lesson guide on X (formerly Twitter) detailing how to create a successful venture capital (VC) firm. In…

Hong Kong will introduce sweeping reforms to strengthen its position as a global digital asset hub, Financial Secretary Paul Chan announced in his 2026-27 Budget speech, outlining new licensing rules, stablecoin approvals and tokenization initiatives. Summary Hong Kong will introduce a bill this year to establish licensing regimes for digital asset dealers and custodians as part of its expanded regulatory framework. The government confirmed the first batch of fiat-referenced stablecoin issuer licenses will be granted next month, marking a key milestone in its crypto roadmap. Authorities will support tokenized bond issuance, enhance digital asset market liquidity, and implement the OECD’s…