Author: NBTC

Mastercard’s Head of Crypto Europe, Christian Rau, explained that the company sees cryptocurrencies as a potential payment technology rather than a “financial revolution.” Mastercard: Sees Crypto as Payment Technology, Not a “Revolution” Rau emphasized that Mastercard’s strategy is based, above all, on “safe and legally compliant payments.” Rau stated that stablecoins (crypto assets whose value is typically pegged to fiat currencies like the dollar) could improve the efficiency of international payments. However, he added that these assets are unlikely to replace the traditional safeguards offered by the current financial system. The Mastercard executive stated that the company currently has no…

Salvo Games, a prominent GameFi platform, has partnered with Last Odyssey, the earliest AI-driven MMORTS 5X game developed on the Ronin Network. The partnership is aimed at merging cutting-edge technology and next-gen Web3 gaming. As revealed by Salvo Games in its official X announcement, the collaboration indicates the potential of community-led growth in the broader decentralized gaming world. Hence, this move is expected to substantially accelerate visibility, particularly with the 2nd public test of Last Odyssey that is scheduled to occur in October. 🤝 Excited to partner with @LastOdyssey_io — the first AI-powered MMORTS 5X #Game built on @Ronin_Network.From in-game…

Ocean Mining reports that a small, $500 application-specific integrated circuit (ASIC) Nerdminer, humming along at about 5 terahash per second (TH/s), managed to hit a block — a feat that would typically demand a wait of more than 3,500 years. DATUM-Driven Baby Nerdminer Stuns Network by Beating 960 EH/s Odds On social media, people have been discussing how a small miner struck a block through Ocean Mining’s solo setup and the DATUM (Decentralized Alternative Templates for Universal Mining) protocol. The system connects mining hardware with a Bitcoin full node — in this instance, Start9labs infrastructure — enabling direct block submission…

The cryptocurrency world is buzzing with significant news: Digital Currency Group (DCG), a prominent investment firm in the digital asset space, is reportedly planning a monumental move. International reports indicate that DCG aims to raise a substantial $500 million through an initial public offering (IPO) in Hong Kong. This potential DCG Hong Kong IPO marks a pivotal moment, signaling growing institutional confidence in the crypto sector and a strategic focus on Asian markets. What is Driving the DCG Hong Kong IPO Ambition? Digital Currency Group stands as a powerhouse within the cryptocurrency ecosystem, owning key players like Grayscale Investments and…

Two California men are facing federal charges for allegedly funneling high-performance AI chips to China in violation of U.S. export laws designed to protect sensitive technology, the U.S. Department of Justice said on Tuesday. Chuan Geng of Pasadena and Shiwei Yang of El Monte were charged Monday in Los Angeles with conspiring to violate the Export Control Reform Act. Prosecutors allege the pair used their company, ALX Solutions Inc., to illegally ship restricted graphics processing units—known as GPUs—to China through third-party shippers in Southeast Asia, masking the final destination.  Federal agents took both men into custody on Saturday. Geng,…

Chinese investors are borrowing record sums to buy local equities, signaling a renewed appetite for risk across global markets. Yet, crypto traders are in a “wait-and-see” state, even as leverage in mainland China’s stock exchanges climbs to levels not seen since 2015. According to Bloomberg, margin trades outstanding in China’s onshore equity market rose to 2.28 trillion yuan ($320 billion) on Monday. The figure surpassed the previous peak of 2.27 trillion yuan set during the equity frenzy of 2015. Margin trading, which allows investors to borrow from brokers to buy securities, is used in stock markets as a gauge of…

The global post-trade industry is entering a new phase of transformation driven by digital assets and AI, according to Citi’s latest “Securities Services Evolution” whitepaper. The bank’s fifth annual survey, which gathered input from 537 market participants including custodians, broker-dealers and asset managers, highlights how tokenization, accelerated settlements and AI-driven automation are reshaping trade processing. Citi estimates that by 2030, 10% of market turnover could be conducted through tokenized assets. The report points to bank-issued stablecoins as the main enabler, helping with collateral efficiency and fund tokenization. Asia-Pacific is already leading adoption, thanks to strong retail interest in crypto and…

EMB: Sept. 2, 12:30 UTC Artificial intelligence (AI) company Kite raised $18 million to expand its platform for enabling autonomous agents to transact with stablecoins. The round, co-led by General Catalyst and PayPal Ventures, brings the San Francisco-based startup’s cumulative funding to $33 million, according to an emailed announcement on Tuesday. Formerly known as Zettablock, Kite is building infrastructure for what it calls the “agentic web,” where AI agents conduct microtransactions and negotiate services. Its newly launched Kite AIR (Agent Identity Resolution) provides agents with verifiable identities, policy guardrails and programmable payment rails. The company plans to use the money…

While companies’ cryptocurrency treasury strategies continue to increase recently, various altcoins other than Bitcoin and Ethereum are also preferred. While Binance Coin (BNB) is at the top of these altcoins, HashGlobal and YZiLabs launched the BNB yield fund. Asia-based cryptocurrency investment firm Hash Global has announced the launch of a BNB yield fund in partnership with YZi Labs, formerly Binance Labs. The fund, aimed at institutional investors, announced that it aims to reach a management scale of $100 million by the end of the year and $3 billion within three years. The fund will invest in BNB and generate returns…

Binance, the world’s largest cryptocurrency exchange, started the day with altcoin delisting news. At this point, Binance announced that it delisted altcoins named BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF). “At Binance, we periodically review every digital asset we list to ensure it continues to meet high standards and industry requirements. When a coin or token no longer meets these standards or industry conditions change, we potentially remove it from the exchange. Based on our latest reviews, we have decided to delist all spot trading pairs for the following altcoins and halt trading as of 03:00 UTC, September…