Author: NBTC

President Donald Trump threatened credit card companies with a serious legal action, which may be taken against them in case they do not reduce the interest rates to 10% by January 20, 2026. Trump accuses in a brief video recording of major issuers preying on consumers with extremely large APRs, up to nearly 30 percent. He packaged the move as consumer protection and it was quite evident that he is planning to impose some compliance. Populist Message Attacks Banks and Issuers The rhetoric of Trump is tending towards a populist rhetoric, polying the banks and credit card networks as victimizing…

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for the settlement plan in the Tai Mo Shan Limited case, which concerns cryptocurrency breaches, for a second time. The SEC announced in a press release that the deadline for submitting a “Proposed Distribution Plan” as part of the administrative proceedings against Tai Mo Shan Limited has been extended until August 20, 2026. On December 20, 2024, the SEC initiated cease-and-desist proceedings against Tai Mo Shan Limited under Section 8A of the Securities Act of 1933. According to the commission’s findings, the company conducted securities issuance and sale using…

Omar Arnaout, chief executive of Polish retail broker XTB, says spot cryptocurrency trading could reshape the company’s revenue structure within two to three years, but only if Poland gets out of the way. Speaking in an interview with Polish YouTube channel Comparic, Arnaout was unusually blunt about how lopsided XTB’s income currently is. “Around 95%, maybe even more, of revenues are generated from CFD instruments,” he said, calling the situation a source of genuine frustration. His ambition: bring that figure down to roughly 70%, with crypto and equities filling the gap. That’s not a small shift. It would mean building…

In a bold strategic move that could redefine the future of cryptocurrency infrastructure, activist investment fund Starboard Value has issued a compelling public call for Riot Platforms to aggressively pivot toward artificial intelligence and high-performance computing. According to a detailed report obtained by The Block, Starboard argues this shift could unlock between $9 billion and $21 billion in value for the Texas-based Bitcoin miner. The fund delivered a stark warning: failure to capitalize on the explosive demand for AI infrastructure could leave Riot vulnerable to a corporate takeover. This development, emerging from New York on April 10, 2025, signals a…

A group of global financial firms completed the first cross-border, intraday repurchase agreement using tokenized U.K. government bonds on the Canton Network, a blockchain designed for institutions. The transaction marks the first time digital versions of gilts, a $2-trillion market, have been used in an intraday repo across borders, according to a release shared with CoinDesk. It also includes the first cross-currency trade in which tokenized gilts were exchanged against tokenized deposits denominated in a currency other than the British pound. In a repo, one party sells a security and agrees to buy it back later, often the same day.…

The Ethereum Foundation (EF) has accelerated its push into decentralized finance by allocating significant funds to support its DeFipunk initiative, even as Ethereum’s price is in a downward trend amid bearish market signals. Following their push into DeFi, even as ETH faces a downward trend, several reporters reached out to the Swiss-based organization for comments on the matter. Responding to this request, the team alleged that its move to establish a DeFi unit seeks to facilitate the development of new protocols within its App Relations team. Concerning this statement, sources familiar with the situation, speaking on condition of anonymity, disclosed…

Ethereum shows signs of strength, but the bullish picture only emerges on an inverted chart. On the standard view, the downtrend remains intact until key resistance is reclaimed, making the current optimism conditional. Inverted Structure Reinforces Ethereum Bearish HTF Outlook Presenting an inverted chart in a recent update, Mizer explained that he has been short on Ethereum for several days, outlining what he believes could unfold on the higher time frame (HTF). Mizer clarified that this doesn’t necessarily plan to hold the full position to his projected targets, as he prefers focusing on lower time frame (LTF) opportunities given the…

PhotonPay raised a Series B round led by IDG to expand stablecoin-native payment rails. Funding targets U.S. and emerging markets as stablecoins shift toward real-world payments. PhotonPay processes over $30B annually as investors back stablecoin payment infrastructure. PhotonPay has raised a Series B funding round as investors increase bets on stablecoin payment infrastructure becoming a core global financial layer. The stablecoin-based payments firm said the round raised tens of millions of dollars and was led by IDG Capital. Hillhouse Investment joined the round, alongside Enlight Capital, Lightspeed Faction, and Shoplazza, according to the company. PhotonPay said Blacksheep Technology served as…

The Supreme Court of the United States (SCOTUS) issued a ruling on Friday striking down most of US President Donald Trump’s tariffs, with six of the nine Supreme Court justices ruling that the Executive Branch lacks authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). “IEEPA does not authorize the President to impose tariffs,” Friday’s ruling said, adding that the president has “no inherent authority” to impose tariffs during peacetime using the statutes in the IEEPA. The ruling read: “In IEEPA’s half-century of existence, no president has invoked the statute to impose any tariffs, let alone tariffs…

The White House has confirmed that President Trump will not grant clemency to Sam Bankman-Fried, the disgraced founder of the collapsed crypto exchange FTX, Fortune reported Tuesday. The confirmation, delivered by a White House official, reinforces Trump’s previously stated opposition to freeing the imprisoned crypto executive. In an interview with The New York Times in January, Trump ruled out pardoning Bankman-Fried after granting clemency to prominent figures such as Changpeng Zhao, co-founder of Binance, and Arthur Hayes, co-founder of BitMEX. Bankman-Fried is attempting to secure a presidential pardon by publicly aligning himself with Trump. In recent weeks, he has posted…