Author: NBTC

MetaMask’s mUSD, the European Union’s digital euro initiative, and Hong Kong’s offshore yuan token AxCNH set up a three-way contest for on-chain payments. The prize is not trading volume or speculative flows, it is the share of real-world settlement that could reach $2 to $4 trillion annually if 1 to 2 percent of global cross-border payments move to tokenized rails. According to the IMF and industry research, such as McKinsey, the addressable base for cross-border activity ranges in the hundreds of trillions of dollars, depending on scope, making even low single-digit penetration material on a one-year to two-year horizon. US…

Nigeria has established a working group to explore the possible adoption of stablecoins as part of ongoing efforts to support innovation in the financial sector. According to Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), the development comes amidst plans to balance the risks of emerging technologies. Speaking in a joint press briefing at the conclusion of the annual meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC, Cardoso mentioned that the CBN, Ministry of Finance, and other relevant financial bodies have set up a working committee to take a deep dive into…

Crypto exchange WazirX has finally secured approval from the Singapore High Court for its restructuring plan, paving the way for user repayments following the $234 million hacking incident last year. The court’s decision comes weeks after creditors backed a revised proposal. The approval allows WazirX to start the next phase of its recovery process, including token-based fund distributions and reviving the exchange’s operations. “Thank you to everyone who supported this difficult phase of WazirX. The Singapore High Court has approved the scheme,” WazirX founder Nischal Shetty said in a post on X. “It’s your support and love that has made…

New York lawmakers launched a legislative strike against crypto mining Friday, introducing companion legislation to a Senate bill that would force proof-of-work miners to pay high taxes based on their electricity consumption. On Friday, Assembly Bill A9138 was introduced in the New  York State Assembly by Democratic Assembly member Anna Kelles and referred to the Ways & Means Committee. The bill would impose an excise tax on electricity used by businesses engaged in digital-asset mining under proof-of-work authentication methods. This measure is a companion to the S8518 Bill, introduced earlier this month by State Senator Liz Krueger, Chair of the Senate…

The Ethereum Foundation’s latest privacy-focused update has sparked considerable debate within the Cardano (ADA) community. The Cardano community has likened the Ethereum Foundation’s new privacy-focused initiatives to the Midnight network associated with the Cardano ecosystem. The Ethereum Foundation previously announced the expansion of its privacy efforts. The statement announced the creation of a new “privacy cluster,” comprised of 47 researchers, engineers, and cryptography experts. This cluster encompasses various subprojects, including Secret Read and Write, Secret Proof, Hidden Identities, Privacy Experience, the Enterprise Privacy Task Force (IPTF), and Kohaku. The foundation’s statement aims to enable users to conduct private payments, voting,…

CleanSpark Inc. shares ticked higher Monday, extending last week’s bullish momentum after the company announced an expanded Bitcoin-backed credit facility with Coinbase Prime. The Las Vegas–based mining firm closed regular trading at $13.74 but jumped more than 8% in after-hours, reaching $14.86 following news of the deal. The stock is currently up 6% after hours, trading near $14.60. CleanSpark tapped an extra $100 million in credit, backed by its Bitcoin reserves. Instead of selling coins on the market, the company is leaning on its Bitcoin holdings as collateral. This is basically a strategy that turns mined Bitcoin into a working…

Crypto’s latest media dust-up is missing the everyday reality of on-chain use, Ripple Chief Legal Officer Stuart Alderoty argued Thursday, saying recent mainstream pieces have celebrated a “crypto is a tool of crime and corruption” narrative while ignoring transparent ledgers and broad adoption. In his Oct. 17 post on X, Alderoty called that framing “a convenient narrative, but a lazy and inaccurate one,” and tried to pivot the conversation to who actually uses crypto and why. He wrote that digital assets are used by tens of millions of Americans for practical tasks — such as lending money, proving ownership and…

Gate, a prominent crypto exchange, has recently launched a new crypto wallet named ‘Gate Vault. By launching Gate Vault, the exchange offers Multi-Party Computation (MPC) technology to ensure cutting-edge cryptographic safeguards for digital assets. As disclosed in Gate’s official press release, the new wallet splits the private key into different key shards disseminated across diverse nodes to prevent any stealing activity. Hence, the distributed structure bolsters protection against any exposure of the private key. Introducing Gate Vault, our next-gen MPC wallet for next-level security.🛡️Gate Vault raises the bar with a four-tier defense system: 🔹 Three-party storage🔹 Full user control🔹 48-hour…

Ethereum (CRYPTO: ETH) price today trades near $3,805, struggling to recover after losing key support from its rising channel structure. The sharp rejection near $4,800 triggered heavy selling, driving ETH below its 20-day and 50-day exponential moving averages (EMAs) and straight into the $3,700–$3,750 support zone. This area now aligns with Ethereum’s bull market support band, making it the critical line buyers must defend. Ethereum Price Tests Bull Market Support ETH Technical Analysis (Source: TradingView) The daily chart shows ETH breaking out of its ascending channel and testing the lower boundary of a long-term symmetrical triangle. The breakdown has pushed…

JPMorgan CEO Jamie Dimon said the US Federal Reserve will have a hard time cutting the interest rate unless inflation drops, and isn’t worried about stablecoins posing a threat to the banking sector. “If inflation does not go away, it’s going to be hard for the Fed to cut more,” Dimon, the head of the largest bank in the US, told CNBC-TV18 on Monday. “Inflation seems a little bit stuck at 3%. Again, I can give you some arguments why it’s going to go up, not down,” he said, adding he’s hopeful for “decent growth” and a rate cut instead…