Author: NBTC

South Korea’s top payment platform and largest cryptocurrency exchange are set to merge, with board approvals expected on Wednesday and a public announcement planned for the next day. This agreement will combine Naver Financial and Dunamu, the operator of Upbit, to form a powerful player that bridges traditional finance and digital assets in one of Asia’s largest economies. Merger Timeline and Structure The boards of both companies plan to meet on November 26 to approve the merger. After that, a joint announcement is expected on November 27. According to local media reports, top executives will attend a press conference at…

The sharp rise in stablecoin usage could drain as much as $1 trillion from emerging market banks over the next three years as savers seek the safety and liquidity of dollar-pegged digital assets, Standard Chartered said in a Monday report. Stablecoins are giving households and companies in developing economies an alternative to local banks, accelerating a post-financial-crisis shift of core banking functions into the non-bank sector, analysts Geoff Kendrick and Madhur Jha wrote. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing among…

Binance is facing a $1 billion federal lawsuit brought by 306 victims and families of the October 7, 2023 Hamas attack. This lawsuit follows President Donald Trump’s pardon of Binance founder Changpeng Zhao (CZ), casting new light on accountability for the largest exchange by trading volume metrics. Federal Lawsuit Alleges Binance Enabled Terrorist Financing Filed in federal court in North Dakota, the civil action names Binance, founder CZ, and executive Gunagying “Heina” Chen as defendants. The plaintiffs include victims who were murdered, wounded, or taken hostage in the October 7 attack. Their legal team alleges that Binance operated as an…

South Korea’s Financial Intelligence Unit (FIU) is preparing a new round of enforcement actions against several major crypto exchanges. According to industry sources and recent local media reports Korbit, Gopax, Bithumb and Coinone are next in line. For sanctions following the penalty imposed on Dunamu, the operator of Upbit. The move signals one of the most aggressive regulatory crackdowns the country has seen in its digital asset sector. FIU Follows ‘First-In, First-Out’ Approach The FIU has been conducting on-site inspections since last year to assess whether exchanges followed anti-money laundering obligations. It is now applying a “first-in, first-out” method for…

Bernstein initiated coverage of Figure (FIGR) with an outperform rating and a $54 price target, calling it a leader in bringing blockchain to credit markets, the broker said in a Monday report. The stock was 2% higher in early trade, around $41.10. Bernstein said Figure is doing for lending what stablecoins did for payments, tokenizing traditional assets to make markets faster and more efficient. With roughly 75% of the $17 billion tokenized private credit market, Figure is the clear frontrunner, according to analysts led by Gautam Chhugani. Figure’s blockchain platform shifts lending from a balance-sheet-heavy model to a capital-light marketplace,…

Vietnam is tightening its stance on unregulated crypto activity. The country’s Ministry of Finance has released a new draft decree. That proposes fines for individuals and businesses trading digital assets on unlicensed platforms. The proposal is now open for public feedback and signals a major shift toward stricter enforcement. Under the draft, individuals could face fines of up to 30 million Vietnamese dong, or about $1,200. Institutions could be fined as much as 200 million dong, or roughly $7,580. The government says the goal is to bring order to a fast growing crypto market. That still operates largely outside formal…

Published on November 24, 2025 at 07:52 GMT, the X post of Mr. Crypto5 warned Romanian crypto users in brief about the imminent closing of the custodial operations of CoinList. The alert received 5 likes, 1 repost,1 reply, and 156 views and urged users to check their balances before November 30. Tone of the post was practical and explained to users that they had to check whether they possessed any assets under the listed categories before the cutoff date. There was a funny comment in the comment section regarding insignificant TST tokens, which illustrates that the time limit has already…

Bee Maps, the decentralized mapping project powered by Hivemapper, has raised $32 million in fresh funding to expand its global contributor network and scale its infrastructure, it announced Monday. The round was led by Pantera Capital, LDA Capital, Borderless Capital and Ajna Capital, marking one of the largest financings in the decentralized physical infrastructure (DePin) sector this year. Bee Maps is an application on the Hivemapper network, which is one of the largest decentralized physical infrastructure networks (DePIN) focused on mapping data on Solana. Hivemapper enables drivers to contribute data through AI-enabled dash cams, which detect real-time changes on roads…

A new piece of legislation introduced by Representative Warren Davidson could change the way U.S. taxpayers handle their taxes. The Bitcoin for America Act, unveiled on November 20, 2025, would allow Americans to pay their federal taxes in Bitcoin without triggering capital gains taxes. The bill also aims to direct Bitcoin tax payments into a proposed U.S. Strategic Bitcoin Reserve, a key part of an ongoing effort to improve the country’s position in the global digital asset market. A Step Toward Strengthening the U.S. Economy Rep. Warren Davidson, a longtime Bitcoin advocate, introduced the bill with the goal of modernizing…

Key Takeaways BlackRock deposited $321M in Bitcoin and $102M in Ether to Coinbase Prime as part of ETF management. The deposits are tied to BlackRock’s spot Bitcoin and Ethereum ETFs, allowing traditional investors exposure to crypto. BlackRock, a leading asset management firm, deposited around 3,722 Bitcoin worth $321 million and 36,283 Ethereum worth approximately $102 million to Coinbase Prime today as part of its ongoing ETF operations. The deposits reflect BlackRock’s routine portfolio management activities for its spot Bitcoin and Ethereum ETFs, which allow investors to gain exposure to these crypto assets through traditional exchanges without direct ownership. Coinbase Prime,…