Author: NBTC

The crypto sector has been freed from its annual reference in the Financial Stability Oversight Council’s litany of financial risks posed to the U.S. system, though it’s not unique in that, because the report has effectively removed much of its focus on “vulnerabilities” to the financial system. The FSOC, established after the 2008 mortgage meltdown that crashed the global economy, was meant to be an early-warning effort in which the council of regulatory chiefs tries to collectively spot dangers coming down the road. The digital assets industry was an annual item on that list, though the reports always noted the…

Key Takeaways Moonbirds will launch its native BIRB token in early Q1 2026, expanding its NFT ecosystem on Solana. Orange Cap Games, which acquired Moonbirds, is rapidly growing and diversifying into physical collectibles and trading card games. Moonbirds will launch its native token BIRB on Solana in early Q1 2026, as confirmed by Spencer Gordon-Sand, CEO of Orange Cap Games, the NFT project’s parent company. “Our native token is coming early Q1 [of] 2026 as we pursue growing toward being a multi-billion dollar company doing billions of dollars of revenue like Pop Mart does, being the Pop Mart of web3,”…

UAE Islamic Bank ruya has opened its platform to Bitcoin investment in partnership with UAE-regulated Fuze, a digital asset infrastructure provider. It becomes the first Islamic Bank to enable customers to buy and sell Bitcoin through its mobile application. ruya is offering Bitcoin investment as part of its broader investment offering in an Islamic ethical format. Working with Fuze, ruya is ensuring that the Bitcoin trading and investment offering is secure, user-friendly, and compliant with Islamic financial principles. According to the Chainalysis 2024 Geography of Crypto Report, the UAE saw over US$30 billion in cryptocurrency inflows between July 2023 and June 2024 —…

The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction markets platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain recordkeeping demands as long as they meet other specified requirements, and that the companies might be able to clear contracts through a third-party clearing member. The CFTC said in a press release that the no-action letters mean the regulator will not pursue any enforcement action — a court case alleging the companies broke the law — tied to how these companies comply with “certain swap-related recordkeeping requirements…

Robinhood is rolling out a broad set of crypto features and services as it races to become a global digital finance platform, the company announced Monday. Support for Ethereum and Solana staking in New York, with nationwide access pending regulatory clearance are going live on Tuesday, the company said in a set of details shared with Decrypt. It has also introduced new fee tiers for high-volume U.S. traders, enhancements to its crypto trading API, and plans for cost basis tracking to simplify tax reporting. In Europe, Robinhood has added perpetual futures contracts with up to 7x leverage on coins like…

Hong Kong is attempting to further integrate tokenization into its economic activities. The Financial Services and Treasury Bureau Director, Christopher Hui, revealed Hong Kong’s plans to integrate blockchain technology into its finance industry. During interviews conducted by Southern Finance 21st Century Economic Report, the Financial Services and Treasury Bureau Director, Christopher Hui, said that Hong Kong is intentionally guiding financial technology to “turn from virtual to real.” The country intends to achieve this by using blockchain technology to support its economic activities. Hui explained that tokenization will be used to improve efficiency in areas such as international shipping, leasing, and…

Gemini Space Station announced on Wednesday that its affiliate Gemini Titan secured approval from the US Commodity Futures Trading Commission (CFTC) to operate a Designated Contract Market (DCM). The decision opens the door for the exchange to begin offering regulated prediction markets in the United States. Gemini Titan Debuts in Prediction Markets The launch marks Gemini’s first entry into the fast-growing event-contracts sector, where traders buy and sell binary “yes or no” positions tied to future outcomes. Gemini, which first filed for a DCM license in March 2020, had not previously disclosed that the application would form the basis of…

Binance, the world’s largest cryptocurrency exchange, has released a statement regarding an employee involved in insider trading. Binance Futures announced in a statement that it has initiated legal action against the employee for using internal company information for personal gain. Accordingly, Binance announced that it will sue an employee who used the price increase of a listed altcoin for personal gain yesterday. According to the statement made by the Binance Futures X account, an altcoin was also shared on the Binance Futures account one minute after it was mined on the chain yesterday, December 7. At this point, it was…

Have you ever wondered how public pension funds are adapting to the digital age? The Florida state pension fund just made headlines with a significant $47 million investment in Strategy stock, according to BitcoinTreasuries. This move represents a growing trend of institutional adoption in the cryptocurrency space. Why is the Florida state pension fund investing in cryptocurrency? The Florida state pension fund manages retirement savings for thousands of public employees. Their decision to allocate $47 million to Strategy stock shows confidence in digital assets. This investment demonstrates how traditional financial institutions are embracing cryptocurrency as part of diversified portfolios. Public…

Congress is pushing the Securities and Exchange Commission (SEC) to open the door for Bitcoin and other cryptocurrencies in 401(k) retirement plans. This comes after a major policy shift from the White House earlier this year. On December 11, members of the House Financial Services Committee sent a formal letter to SEC Chair Paul Atkins. They urged him to update securities rules so that digital assets can be treated like other alternative investments in retirement accounts. Lawmakers say Americans saving for retirement deserve more investment choices. They argue that current rules are outdated and too restrictive, blocking millions from accessing…