Author: NBTC
The creator of a now-defunct lending platform has agreed to pay over $10.5 million to settle US Securities and Exchange Commission claims that he took investor funds to buy millions worth of the stablecoin TerraUSD before it collapsed. Huynh Tran Quang Duy, also known as Duy Huynh, told customers of his firm, MyConstant, that their money would go into a loan matching service backed by crypto that would yield 10%, the SEC said in an order on Tuesday. The agency claimed that in reality, Huynh used $11.9 million of his customers’ money to buy TerraUSD (UST), a stablecoin tied to…
As noted by Ethereum’s Vitalik Buterin, Visa founder Dee Hock had some ideas that are similar to the main principles of crypto and decentralized autonomous organizations (DAOs). “Certainly some good insights to learn from there,” Buterin commented. Hock’s original vision The original concept of Visa was supposed to be based on equitable ownership, power distribution, diversity, and distributed governance. It was originally supposed to be a non-stock membership organization with no stock price. However, following its initial public offering (IPO) in 2007, Visa became a for-profit public company and, subsequently, witnessed significant governance changes. Such an approach actually mirrors the…
TACEO announced that it has completed a $5.5 million seed funding round led by Archetype VC, which included a16z and other major firms. What will the funds be used for? Summary The startup behind World’s iris-scanning encryption software has completed a $5.5 million seed funding round. World’s iris-scanning verification has received backlash from several countries that speculate the safety of the data. According to the press release sent to crypto.news, the capital raised from the funding round will be used to form a team and scale technology aimed at expanding the firm’s utility beyond just crypto and decentralized finance. With…
Crypto investors are likely underestimating the extent of the US securities regulator’s new stance on crypto, meaning that crypto prices could still have room to grow, according to the chief investment officer of Bitwise. US Securities and Exchange Commission chair Paul Atkins published a speech he gave on July 31 at the America First Policy Institute about how blockchain will be integrated into the financial markets. Bitwise’s Matt Hougan on Tuesday said the speech caught him “off guard” and left him wondering whether Atkins’ vision has been priced into the market. “The most bullish document I’ve read on crypto wasn’t…
Nansen just flipped the lights on inside Ethereum’s most opaque scaling playground. By integrating Metis Andromeda, its AI-driven analytics are exposing the smart money flows, hidden dApp traction, and whale movements that Layer-2 users have been guessing at for years. Summary Nansen integrates Metis Andromeda, an Ethereum Layer-2 network, into its AI-powered analytics platform. The move enables real-time tracking of wallet activity, liquidity flows, and on-chain metrics previously hidden in fragmented data. According to a press release shared with crypto.news on August 8, blockchain analytics firm Nansen has integrated Metis Andromeda, a permissionless Ethereum Layer-2 network, into its real-time analytics…
On Jul. 21, 2025, Strategy offered yet another perpetual preferred stock. It’s called Stretch. It was introduced less than two months after the launch of another Strategy’s perpetual, Stride. Two other perpetuals are Strike and Strife, launched in January and March, respectively. It’s important to realize how different these stocks are and what their differences are from Strategy’s common stock, MSTR. Summary Stretch is the latest of the four preferred stocks issued by Strategy this year It is the first Strategy stock with monthly dividend payouts In the event of a financial shakedown in Strategy, payouts will be sent to…
Ripple responds to the Senate’s crypto bill with bold warnings and key demands. The company raises concerns over SEC control and regulatory confusion. Could this be a turning point for the regulation of XRP and other tokens? Ripple is stepping into Washington’s crypto debate, responding to the U.S. Senate Banking Committee’s Request for Information (RFI) on the draft Crypto Market Structure Bill released in July. Chief Legal Officer Stuart Alderoty said Ripple is in a prime position to weigh in, given its decade-long regulatory experience and the bruising lessons learned from its ongoing SEC battle. Ripple Warns of Confusion and…
The latest figures reveal Bitcoin’s difficulty rating notched its 11th increase of the year, rising 1.42% on Friday evening and making block rewards even harder to discover. Despite five separate decreases along the way, Bitcoin’s mining difficulty has still climbed 17.73% in 2025 so far. 129.44 Trillion: Bitcoin’s Highest Difficulty Level in History Bitcoin block rewards just became harder to capture after the network’s difficulty climbed 1.42% at block height 909,216 on Friday. That adjustment pushed the difficulty to 129.44 trillion — the highest mark in the network’s history. In simple terms, 129.44 trillion reflects the average number of hashes…
The SUI ecosystem has launched a brand-new Sui Eco Hub, a one-stop destination for the convergence of emerging and familiar Sui protocols alike. Sui users now have a great opportunity to explore the booming ecosystem through the Sui Eco Hub gateway. Eco Hub now integrates into the OKX Wallet interface to provide all Web3 features under one roof like discovery, interaction, and exploration. Navigate @SuiNetwork all in one place.Sui Eco Hub is now live, offering a mix of both new and familiar protocols for you to explore.For a limited time, enjoy zero gas fees when you use these protocols. Refer…
Over the past year and a half, the world’s largest financial institutions have doubled down on building the ‘connective tissue’ linking trad-fi to the blockchain. Unlike the hype cycles of 2017 or 2021, which saw market volatility hit an all-time high, current evolutionary trends are being shaped behind the scenes via avenues like tokenization pilots, compliance rails, custody frameworks, and large-scale onboarding of capital. To this point, by Q2 2025, over 85% of global banks surveyed by the World Economic Forum (WEF) had either launched or were actively testing tokenized asset infrastructures. In this context, JPMorgan’s Onyx, HSBC’s Orion, and…