Author: NBTC

Ether prices took a little dip but remain above $3,100 while Bitcoin crashed below $90,000 and has not recovered at the time of writing. Analyst ‘DrBullZeus’ observed that ETH has been trending lower for a while now, but the structure here is starting to look familiar. “Price is struggling with the descending trendline, similar to what we saw earlier in the year before ETH finally bottomed.” They identified a fractal that, if it plays out, could send the asset crashing back to around $2,500 before pushing back above the trendline. It is a potential repeat of what happened in April…

Lloyds Banking Group has agreed to acquire British digital asset wallet service provider Curve in a deal worth £120 million ($139 million), according to people briefed on the transaction speaking to Sky News. According to the latest report from Sky News on the matter, the agreement is set to be announced formally next week. Curve told its shareholders in recent days that it had signed a share sale and purchase contract with Lloyds, which could see the UK’s largest high street bank make its most significant step into digital payments yet. Yet, according to insiders’ understanding, the purchase has sparked…

Brazil’s regulators have told the country’s largest fintech Nubank that it cannot keep using the “bank” label in its branding inside the country because the company does not have a banking license, and the new rule that took effect in November blocks any firm without that license from calling itself a bank. This move landed on the largest fintech in Brazil at a time when it serves 110 million customers, and its valuation of more than $80 billion sits above every licensed bank in the country. The decision was created to stop people from thinking they are putting their money…

Binance moved into a new phase of regulatory certainty after confirming that Abu Dhabi had approved a complete suite of licenses for Binance.com. Summary Binance.com is now fully licensed in Abu Dhabi across exchange, clearing, custody, and broker-dealer functions. The approval positions ADGM as Binance’s effective regulatory base. UAE crypto regulation and institutional activity are accelerating, with new laws and stablecoin approvals. Binance has taken a major regulatory step that could reshape how its global platform operates in 2026. According to a Dec. 7 press release from the company, the Financial Services Regulatory Authority in Abu Dhabi has approved the…

Rapper Soulja Boy has apologized for promoting dozens of crypto and non-fungible token projects flagged as scams by blockchain investigator ZachXBT in 2023. The “Crank It” artist’s social media activity between 2021 and 2023 has several posts promoting crypto tokens and NFT collections to his millions of followers. ZachXBT alleges that many of those promotions involved projects that either collapsed within days of his messages, were abandoned, or were outright fraudulent. Soulja Boy, whose real name is DeAndre Cortez Way, addressed the allegations in a statement posted on X early Monday morning. He said he was unaware of the fraudulent…

A significant transaction has captured the cryptocurrency community’s attention. An address linked to Singapore’s DBS Bank executed a substantial DBS Bank ETH withdrawal, moving 2,000 Ethereum tokens worth approximately $6.27 million. This move, reported by The Data Nerd, highlights the ongoing activity of major financial institutions within the digital asset space. What Does This DBS Bank ETH Withdrawal Mean? The transaction involved withdrawing funds from Galaxy Digital, a prominent crypto financial services firm. This DBS Bank ETH withdrawal occurred approximately seven hours before reports surfaced, demonstrating how quickly large-scale movements can happen in crypto markets. While the bank hasn’t officially…

Obex, a new crypto incubator, has raised $37 million to support building the next generation of yield-generating stablecoins led by Framework Ventures, LayerZero and the Sky ecosystem, the team has told CoinDesk in an interview. The initiative set out to invest and provide capital to projects that bring real-world asset-backed strategies onchain, bringing institutional-grade risk controls and underwriting practices to the fast-moving sector. Obex will be the latest capital allocator of Sky, the entity formerly known as MakerDAO behind the DAI and USDS stablecoins with a combined $9 billion market cap, providing funding for projects to scale from the protocol’s…

Key Takeaways The CFTC has withdrawn outdated guidance on the actual delivery of virtual currencies. This decision aligns with broader digital asset reforms and aims to foster innovation while ensuring market safety. The Commodity Futures Trading Commission has withdrawn outdated guidance on the “actual delivery” of virtual currencies, citing major developments in crypto markets since the rules were introduced. “Actual delivery” refers to when a buyer obtains full control of a digital asset, such as custody in a personal wallet, without interference or control by a third party. The original framework, issued in 2020, imposed strict delivery standards within 28…

Binance has significantly expanded its operations in the region by receiving full regulatory approval under Abu Dhabi Global Markets (ADGM), which operates as Abu Dhabi’s financial free zone. Binance Receives Full License Approval in Abu Dhabi: Exchange, Clearing, and Brokerage Activities Officially Authorized The Abu Dhabi Financial Services Regulatory Authority (FSRA) has granted licenses to three Binance-affiliated entities for exchange operation, clearing services, and brokerage activities. This new structure is seen as a model that mirrors the functioning of traditional financial markets, adapted to the crypto asset ecosystem. Binance’s ADGM structure has been organized into three separate companies under the…

Get ready for a holiday spectacle that blends digital art with physical grandeur. The Pudgy Penguins NFT collection has just announced a monumental move: it will commandeer the exterior of the iconic Las Vegas Sphere from Christmas Eve through the first week of January. This isn’t just another marketing stunt; it’s a vivid declaration of Web3’s arrival on the world’s most famous stages. What Does the Pudgy Penguins Las Vegas Sphere Takeover Mean? Imagine driving down the Las Vegas Strip and seeing the massive, 580,000-square-foot LED canvas of the Sphere come alive with the charming, round-bellied avatars of the Pudgy…