Author: NBTC

The Russian market for crypto investment products is likely to amount to a couple of trillion rubles next year, predicted a prominent member of Russia’s crypto space. The forecast comes after Moscow took a series of steps in the past months to organize and regulate this segment of its digital economy, still strictly reserved for institutions and rich Russians. Regulation opens door for institutional players Russia has been gradually warming towards crypto since last year, with laws and rules recognizing certain activities related to digital assets. The adoption of basic regulation in 2024, when the Russian government legalized cryptocurrency mining,…

The fight over how to regulate cryptocurrencies in the United States has entered a new stage in the Senate. Twelve Democrats are pressing Republicans to let them take part in actually writing the crypto market structure bill, rather than leaving them to comment on a GOP-drafted proposal. Their demand highlights the high stakes of this legislation, which could define the balance of power between the SEC and CFTC, reshape oversight of digital assets, and set the rules of the road for investors and exchanges. Democrats Call for True Collaboration A group of twelve Senate Democrats released a statement urging Republicans…

ASTER, the native cryptocurrency of BNB Chain-based decentralized perpetuals exchange Aster, has risen over 1,700% in a matter of days. According to CoinMarketCap data, Aster is up 1,677% in the last seven days. The Aster token reached an all-time high of $1.97 on Sept. 21 before dropping nearly 35% to a low of $1.275 on Monday as the broader crypto market led by Bitcoin fell, with a massive $1.7 billion in positions liquidated. At press time, Aster was down 11.11% in the last 24 hours to $1.57 and down nearly 20% from its ATH set in the Sunday trading session.…

Allied Gaming is making its move as institutional crypto adoption accelerates. The company invested in Bitcoin and Ethereum, citing a shifting regulatory environment as a key factor enabling its new digital asset strategy. Summary Nasdaq-listed Allied Gaming added BTC and ETH to its treasury for the first time. Shares jumped over 100% following the crypto investment announcement. The move aligns with accelerating institutional adoption of digital assets According to a press release dated September 12, Nasdaq-listed Allied Gaming & Entertainment has made an initial allocation of its corporate treasury into Bitcoin (BTC) and Ethereum (ETH). The experiential entertainment firm, known…

A high-stakes criminal trial that could shape how British courts handle cryptocurrency-related crime compensation is set to open in London on September 29. The defendant, Chinese national Zhimin Qian, is accused of masterminding a cross-border investment fraud whose proceeds were converted into Bitcoin, now valued at about $7 billion. Prosecutors say Qian ran a scheme in China that drew in nearly 130,000 people. Investigators allege she directed operations through Tianjin Lantian Gerui Electronic Technology Co., and, between 2014 and 2017, promoted a Ponzi-style product that promised eye-catching returns of 100% to 300%. The plan unraveled in 2017 after China put…

Transak has added support for Global Dollar (USDG), the new U.S. dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, according to an announcement on September 22. The move makes compliant, audit-backed digital dollars accessible to over 10 million users worldwide through Transak’s fiat-to-crypto infrastructure. USDG powers the Global Dollar Network and is backed one-to-one with U.S. dollar reserves, primarily in high-quality liquid assets such as U.S. Treasuries. Paxos Digital Singapore, the issuer, holds a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS), while Paxos Issuance Europe is regulated by Finland’s Financial Supervisory Authority…

Spot Bitcoin and Ether ETFs are seeing renewed inflows as institutional appetite for crypto exposure continues to build. On Friday, spot Bitcoin (BTC) ETFs recorded $642.35 million in net inflows, marking the fifth straight day of gains, according to data from SoSoValue. This pushed cumulative net inflows to $56.83 billion, with total net assets now standing at $153.18 billion, roughly 6.62% of Bitcoin’s total market cap. Fidelity’s FBTC led the day with $315.18 million in fresh capital, while BlackRock’s IBIT followed with $264.71 million. Trading volumes across all spot Bitcoin ETFs topped $3.89 billion, signaling robust activity and growing institutional…

The United Arab Emirates has committed to automatic crypto tax reporting with global authorities, launching an industry consultation to hammer out implementation details before the 2027 rollout. The nation signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework, developed by the Organization for Economic Cooperation and Development in 2023, which establishes mechanisms for automatic exchange of tax-related information on crypto-asset activities between countries.  Crypto firms will need to comply with the new reporting rules by 2027, with the UAE beginning to share data with international tax authorities the following year.  “The…

The limited-time promotion offers 12% APR. Users should hold at least 0.01 USDe for a day to qualify. Participants will receive their incentives weekly. Binance has announced an incentives program for Ethena’s stablecoin, offering users a lucrative opportunity to earn returns by holding USDe. The official announcement details how the platform will calculate the rewards, distribution, and participation requirements. Notably, Binance confirmed a limited-time promotion to sweeten the deal, offering eligible holders a 12% APR (annual percentage rate). During the Promotion Period, users who hold a minimum of 0.01 USDe in their Binance account(s) for at least 24 hours will…

Momo.Fun, an AI-driven network dedicated to trading and connecting meme assets with DeFi, today announced a strategic collaboration with Okratech, a decentralized multi-chain ecosystem. This partnership enabled the integration of Momo.Fun ecosystem into Okratech’s multi-chain infrastructure to enable its meme asset network to access Web3 applications for its customers worldwide. Momo.Fun is an AI-driven decentralized platform that allows people to create, issue, and trade meme assets on the network and connect them to DeFi. On the other hand, Okratech is not only a decentralized freelancing platform that connects freelancers with clients, but also a multi-chain ecosystem that offers a wide…