Author: NBTC

According to Eli Cohen, Centrifuge’s chief legal officer, the crypto industry should take note of Democratic Socialist Zohran Mamdani victory in New York City’s mayoral election. The crypto industry, after all, needs democrats, Cohen says. Summary Recent local elections show a need for bipartisanship in crypto regulation There’s a risk of a future Democratic administration reversing everything Republicans say that Trump won’t sign a bill that could implicate him in insider trading Progressive Senators like Elisabeth Warren are pushing for transparency and investor protection Retail investors want freedom, until there’s a rug pull The results of recent gubernatorial elections are…

Nvidia (NASDAQ: NVDA) is somewhat struggling to maintain a firm footing on Tuesday, October 21. Namely, the chipmaker’s market share in China plummeted to zero last week, as Beijing and Washington squeezed the company from both sides amid the ongoing tariff wars. “We’re 100% out of China. From 95% market share to 0%. Whatever policy did that, it made America lose one of the world’s biggest markets,” said CEO Jensen Huang in a recent interview. As a result, NVDA stock was trading at $182.42 at the time of writing, down 1.29% on the five-day chart. Despite the disruptions in the…

The U.S. Congress has long been trying to grant the Commodity Futures Trading Commission more direct authority over crypto spot markets, but the agency is forging ahead without it, and interim chief Caroline Pham is in talks with regulated exchanges to launch spot crypto products as soon as next month, according to people with direct knowledge of the plans. Even during the federal government shutdown that’s otherwise delaying crypto policy efforts in Washington, the people said that Acting Chairman Pham has been meeting personally with multiple financial platforms interested in listing spot crypto contracts. The CFTC is also weighing some…

Japan’s Financial Services Agency backs a PIP stablecoin experiment with multiple banks. Japan’s Financial Services Agency (FSA) announces support for the Payment Innovation Project (PIP) stablecoin experiment beginning November 2025 in Japan, involving Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation, Mitsubishi UFJ Trust and Progmat, Inc.; the FinTech Proof-of-Concept Hub launched PIP on Nov. 7, 2025. The experiment tests joint issuance of so-called stablecoins (electronic means of payment) to verify lawful and appropriate regulatory and operational responses. The FSA will publish experiment results and conclusions on its website after completion, covering compliance, supervisory responses and legal-interpretation issues…

The Dow Jones Industrial Average rose 190 points as U.S. stocks looked set to inch higher amid robust earnings reports from Coca-Cola and GM. Summary Stocks were largely subdued despite GM, Coca-Cola continuing wave of positive earnings reports. Dow Jones gained 190 points but both S&P 500 and Nasdaq Composite were little changed. Wall Street remains bullish amid focus on tariffs, interest rates and earnings season. U.S. stocks were largely unchanged, but the Dow Jones Industrial Average showed a positive outlook with gains of 190 points. Meanwhile, the S&P 500 and Nasdaq Composite both hovered near the flatline, with the…

South Korea said it is close to finalizing its long-awaited stablecoin legislation, as the central bank and financial regulator jostle over who should police digital tokens pegged to the won. The Financial Services Commission (FSC) plans to submit a government sponsored bill by the end of 2025. It will join five other competing stablecoin bills under review in the National Assembly which have been submitted by individual lawmakers. Meanwhile, the Bank of Korea (BOK), which released a stablecoin whitepaper on October 27, stressed that “currency functions on trust rather than technology,” and is also seeking a role in licensing and…

GLXY’s stock price popped 10% and hit a record high after the company published strong earnings, and optimism around its artificial intelligence business grew. Summary GLXY stock jumped to a record high after publishing strong earnings. Its markets income and assets under management soared. Technical analysis suggests that the Galaxy stock price has more upside. Galaxy Digital soared to a high of $44.3, up 420% from its lowest level in April. This growth has brought its market cap to over $15 billion. GLXY stock jumped after its earnings showed that its business was growing across the board. Its net income…

Ghana’s central bank is moving to regulate virtual assets, adopting a policy designed to foster responsible crypto innovation while guaranteeing a level playing field for all financial institutions. Balancing Innovation and Competition The Bank of Ghana (BOG) has acknowledged that the country currently lacks a dedicated legal framework for regulating virtual asset service providers (VASPs). Its policy stance on virtual assets is described as “neither explicitly hostile nor explicitly friendly.” However, the central bank emphasised that recent developments, including the 2019 changes to Financial Action Task Force (FATF) standards, mean that “virtual assets can no longer remain outside of the…

Bitcoin and Ethereum rose on Tuesday as gold’s price headed toward its biggest daily drop in over a decade, indicating renewed appetite for risk-taking among investors. Bitcoin was recently trading around $112,000, a 1% increase over the past day, according to CoinGecko. The largest crypto by market capitalization climbed as high as $114,000 earlier in the day. Ethereum, the second largest crypto by market value, was trading at about $4,000, a 0.7% gain over the same period of time. Ethereum traded as high as $4,100 earlier Tuesday. Tuesday’s crypto rise came as gold fell 5.5% to $4,118 per ounce, according…

Academy Award-winning actors Matthew McConaughey and Michael Caine have partnered with AI audio company ElevenLabs to create digital replicas of their iconic voices, even as prominent Hollywood figures continue to denounce AI’s encroachment into their craft. McConaughey has been an “investor and early supporter” of the platform for years, and plans to use the voice cloning tech to launch a Spanish edition of his “Lyrics of Livin'” newsletter, according to a statement released Tuesday.  Caine has listed his voice on the company’s new Iconic Voice Marketplace, a platform that lets brands and producers pay to use AI versions of celebrity…