Author: NBTC

China stepped up rare earth export controls on Thursday in a rare move that could have widespread implications for global supply chains and both traditional and crypto market sentiment. China’s Ministry of Commerce announced sweeping new export restrictions on rare earth materials, processing technologies and derivative products used in semiconductors, AI systems and defence. The new rules, set to take effect on Dec. 1, will require foreign companies exporting products containing Chinese-origin rare earth elements or related technologies – including those outside China – to obtain a dual-use license from the Ministry of Commerce (MOFCOM). This is a major escalation…

World App, the gateway to the Sam Altman-founded blockchain network World, has begun piloting virtual bank accounts in the U.S., giving its users a new way to plug their everyday finances directly into the crypto economy. The feature issues unique virtual account numbers, allowing users to receive direct deposits, like payroll payments, straight into the World App without employers interacting with blockchain rails or worrying about gas fees. Once funds hit their virtual account, they’re automatically converted into USDC. The pilot is commencing in the U.S. for the first phase, with expansion to additional countries coming in future phases. In…

South Korea’s cryptocurrency market, well-known for its focus on retail spot trading, is experiencing a noticeable slowdown. The country’s daily stablecoin trading volume exceeded ₩1 trillion ($730 million) at the end of last year. Since then, it has shrunk to around ₩200 billion ($146 million) by June—an 80% drop in just six months. Why Did the Trading Volume Drop? According to data submitted to lawmaker Park Sung-hoon of the People Power Party, the average daily domestic stablecoin trading volume was ₩238 billion in June. The National Assembly Research Service provided this data. This figure aggregates the total trading volume of…

Cryptocurrency exchange Kraken’s choice to move ahead with a confidential IPO filing, just days after securing an $800 million raise, shows an exchange trying to capitalize on market momentum while U.S. regulators edge toward clearer crypto rules. The timing surprised some market watchers as the company’s recent capital raise implied a strong private-market valuation and provided substantial runway. But the IPO move fits a broader trend playing out across crypto, according to seasoned securities attorney Megan Penick of Dorsey & Whitney. “As digital asset treasury companies are increasingly seeking to access the U.S. capital markets … crypto exchanges, such as…

News that the Bank of England could allow certain exemptions for its planned stablecoin holding cap has been greeted with muted enthusiasm from within the UK crypto industry, with stakeholders calling for the proposed limits to be “recalibrated.” The potential waiver would enable crypto-exchanges and other large entities to exceed the mooted £10 million ($13.3 million) limit for businesses. This holding limit drew criticism from the UK crypto industry in September, when it emerged that the central bank intended to go ahead with a previously discussed cap, which would also prohibit individuals from holding more £10,000 or £20,000 ($13,300 or…

21Shares, a major crypto exchange-traded product (ETP) provider, is expanding its offerings in Europe with the launch of six more funds on Sweden’s stock exchange, Nasdaq Stockholm. 21Shares on Thursday announced the cross-listing of six additional products on Nasdaq Stockholm, including ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT) and two crypto basket products. With the expansion, 21shares now offers a total of 16 ETPs on Nasdaq Stockholm, which is just a fraction of multiple offerings available on other European exchanges like SIX Swiss Exchange, Deutsche Börse Xetra, Euronext Amsterdam and more. The new launches came the next…

Dinari announced Thursday that it is integrating LayerZero, an interoperability protocol, enabling its tokenized U.S. stocks, known as dShares, to trade and settle across multiple blockchains. Dinari is an on-chain protocol offering tokenized securities trading with a total value locked of around $45 million, per DeFiLlama. The initial rollout covers four blockchains and 200 tokenized U.S. stocks, with plans to expand to LayerZero’s network of more than 150 blockchains and eventually the full U.S. stock market. Each dShare is backed 1:1 by the underlying security, while LayerZero’s Omnichain Fungible Token (OFT) standard allows the tokens to transfer across different blockchains…

Hargreaves Lansdown, the UK’s largest retail brokerage, advised investors to avoid adding cryptocurrencies to their portfolios even as regulators opened new paths for exposure. The firm reiterated that Bitcoin “has no intrinsic value” and lacks the fundamentals that define legitimate asset classes such as equities or bonds. Hargreaves Lansdown framed crypto’s sharp rallies and collapses as speculative episodes, not sustainable growth cycles. The cautionary note arrived just as the Financial Conduct Authority (FCA) confirmed plans to lift its four-year ban on crypto exchange-traded notes (ETNs), signaling the biggest regulatory change for retail crypto access since 2021. Related: Digital Assets Take…

Get ready for a groundbreaking moment in cryptocurrency history! Bitcoin Capital is set to launch a BONK exchange-traded product on the prestigious SIX Swiss Exchange this November 27th. This exciting development represents a significant step forward for meme coin adoption and institutional cryptocurrency investment opportunities. What Makes This BONK ETP So Revolutionary? The upcoming BONK ETP listing marks a pivotal moment for the cryptocurrency market. Exchange-traded products provide traditional investors with regulated access to digital assets they might otherwise find challenging to acquire. This BONK ETP specifically opens doors for institutional and retail investors seeking exposure to meme coins through…

Maintaining exceptional editorial standards, with content reviewed by trusted editors and seasoned industry professionals. Stellar trials show real assets tested with permissionless networks for faster, compliant settlement activity. Cross-border transfers run quickly on Stellar, cutting delays and costs for global payments access. Stellar CEO Denelle Dixon pointed to growing experimentation across the network, stressing that permissionless public blockchains now show tangible progress in practical settings. In her recent update, she spotlighted live activity within Stellar’s ecosystem where companies explore faster reporting methods and improved access to cross-border operations. She referenced the involvement of the US Faster Transactions Data Access (FTDA)…