Author: NBTC

CoinRoutes, an institutional cryptocurrency trading platform, has acquired QIS Risk, a portfolio and risk management provider for digital asset managers, the company said in a press release Tuesday. The deal value was $5 million in cash and stock, and brings together CoinRoutes’ algorithmic execution technology with QIS Risk’s suite of portfolio monitoring and risk analytics. CoinRoutes currently provides connectivity to more than 50 exchanges and over 3,000 digital assets, while QIS Risk integrates with more than 70 trade sources to deliver real-time tracking and analysis. The combined platform will offer institutions execution across both centralized (CEX) and decentralized exchanges (DEX),…

He’s a top crypto lobbyist working to pass a White House-backed crypto bill. She’s a Democratic FTC commissioner who President Donald Trump unceremoniously fired earlier this year.  Meet the Slaughters: a Washington couple whose recent trials underscore the delicate alliances, and shattered precedents, that have come to define Trump’s second term in office.   Rebecca Slaughter sued the Trump administration earlier this year over her firing, which a D.C. federal court found in July to be unconstitutional. Now the Supreme Court is set to weigh in on the matter, potentially reversing the decision and not only end the longstanding independence of…

Two critical decisions recently made by the U.S. Securities and Exchange Commission (SEC) have paved the way for a major expansion in exchange-traded funds (ETFs). These developments are paving the way for rapid diversification, particularly among cryptocurrency ETFs. The SEC has approved general listing standards for spot crypto ETFs. This step eliminates lengthy individual approval processes, allowing ETFs for various cryptocurrencies to be launched much faster. Beyond Bitcoin and Ethereum, digital assets like Solana and XRP, as well as cryptocurrencies with smaller populations, could also be offered to investors in the ETF format. “We could see a dozen new crypto…

The largest federation of trade unions in the US says it has “serious concerns” about the Senate’s draft bill to regulate crypto, claiming it lacks worker protections and poorly regulates the sector. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposed the Responsible Financial Innovation Act (RFIA), arguing in a letter to the Senate Banking Committee on Tuesday that it would pose significant risks to workers and the financial system. The bill’s treatment of crypto assets “poses risks to both retirement funds and to the overall financial stability of the US economy,” said AFL-CIO director Jody Calemine.…

Coinbase (COIN) said its bitcoin-backed loan program has surpassed $1 billion in originations since launching in January, underscoring growing demand for crypto as collateral. The exchange currently offers retail customers in the U.S. the ability to borrow cash against BTC$113,828.84 holdings through the on-chain Morpho platform. A spokesperson said the average loan size sits at $54,000 but noted the firm plans to raise its borrowing cap from $1 million to $5 million in the coming weeks. “We do see some users borrowing up against the current $1 [million] loan limit, and are excited to meet their needs, as well,” the…

The largest federation of trade unions in the United States has thrown a wrench into the Senate’s most ambitious crypto legislation to date, warning the bill lacks worker protections and would enable the industry to “operate in wider and deeper ways” without sufficient oversight. AFL-CIO Director of Government Affairs Jody Calemine accused the Responsible Financial Innovation Act of providing only “the facade of regulation” while actually weakening consumer protections, in a letter dated Tuesday to Senate Banking Committee leadership. The AFL-CIO represents millions of American workers whose pensions and 401(k)s could soon hold crypto if the legislation passes. The 182-page…

The ruble-pegged stablecoin A7A5 has been recognized as a digital asset under Russian law and will soon facilitate Russia’s cross-border settlements. The approval will allow Russian companies to use the cryptocurrency for payments in international trade deals, circumventing financial restrictions imposed by the West. Russia to employ ruble-backed stablecoin in settlements Russian firms doing business with foreign partners can now legally use the A7A5 crypto as a means of payment, when exporting and importing goods. The Russian ruble-linked currency has become the first stablecoin accepted as a digital financial asset (DFA), as defined in current legislation, the business news portal…

President Donald Trump’s approval rating has languished, but his relentless cheerleading for the crypto industry has won him a segment of loyal friends among U.S. voters: crypto investors who step outside their personal politics to praise his work and see the president and his Republican allies as the best bet for progress in digital assets. The congressional midterms coming next year may continue to see a significant voting block up for grabs by candidates advocating for crypto-friendly policy, with 64% of investors in a new poll saying a candidate’s crypto stance is important to them, according to answers from the…

An important step has been taken by the US Securities and Exchange Commission (SEC) regarding cryptocurrency storage. The SEC has issued a no-action letter stating that investment advisors can use state-chartered trust companies as “qualified custodians” for crypto assets. Under the Investment Advisers Act of 1940, investors’ assets must be held in qualified custodians, such as banks or nationally chartered trust companies. The new guidance clarifies that state-licensed trust companies are also covered, giving investment advisors and registered funds a wider range of options for crypto asset storage. “This additional clarity was necessary because state-licensed trust companies were not universally…

The head of Ripple legal claims that the U.S. SEC ceased to appeal crypto enforcement cases. Ripple Track posted a video clip by Stuart Alderoty who provided the update. It overturns a legal fight that has lasted several years, which started in December 2020. Markets reacted quickly. XRP increased and the volume of trade surged. The relocation eliminates a significant legal ambiguity to both Ripple and certain colleagues. 🚨 JUST IN: Ripple’s Chief Legal Officer Stuart Alderoty drops an absolute bombshell 💣“The SEC has officially dropped EVERY case against crypto companies in the U.S.” ⚖️🔥This marks the end of the…