Author: NBTC

Backed by bipartisan law and clear oversight, the GENIUS Act is fueling stablecoin innovation, safeguarding consumers, attracting investment, and reinforcing U.S. leadership in the global financial race. GENIUS Act Defended as Catalyst for Stablecoin Innovation and US Financial Leadership The debate over stablecoin regulation has intensified as U.S. banks and digital asset companies clash over the recently enacted GENIUS Act. The Blockchain Association announced on Sept. 29 that it is committed to defending the law, describing it as a landmark in financial policy that brings clarity to digital asset markets and strengthens the country’s position in global innovation. In a…

OKX crypto exchange has published its 35th proof of reserves, verifying it holds more than enough assets to cover user balances. Specifically, the assets are worth $37.7 billion, with Bitcoin, Ethereum, and stablecoins all backed at 100% or higher. The exchange reported 125,083 BTC in user assets, a 4,432 BTC addition from August’s numbers. In contrast, Ethereum holdings have reduced by 35,011, now standing at 1.7 million ETH. In addition, USDT balances were reduced by 248 million to 9.4 billion, representing a 2.56% monthly decrease. The most recent numbers show that all assets are fully backed by the exchange, which…

India’s Financial Intelligence Unit (FIU-IND) has issued notices to 25 offshore cryptocurrency exchanges for failing to comply with anti-money laundering (AML) rules, warning that access will be blocked unless they register under the Prevention of Money Laundering Act (PMLA), 2002. Offshore Platforms Face Market Block The exchanges flagged include CoinEx, BingX, PrimeXBT, Huione, Paxful, CEX.IO, BitMex, Bitrue, and CoinCola. According to the Finance Ministry, URLs and mobile apps linked to these platforms could soon be disabled for Indian users. Officials stressed that compliance obligations under PMLA are activity-based, meaning offshore platforms must register if they serve Indian customers, regardless of…

Wallet in Telegram is set to bring tokenized U.S. stocks to its users, with the native Telegram crypto wallet adding support for xStocks. Summary Wallet in Telegram has partnered with Kraken and Backed to bring tokenized U.S. stocks to users starting this October Rollout will also expand this to TON Wallet, the self-custodial wallet of the TON Blockchain. Wallet in Telegram has over 100 million signed-up users, while Telegram boasts a 1 billion user base. Wallet in Telegram says it will partner with crypto exchange Kraken and tokenized assets platform Backed to introduce more than 60 stocks and exchange-traded funds…

Armenian authorities have confirmed their plan to prohibit cash purchases of cryptocurrency in the country, starting from next year. A representative of the executive power in Yerevan indicated the intention is not to curb crypto turnover, but rather prevent anonymous transactions. Yerevan confirms upcoming ban on cash-crypto trade The Armenian government remains determined to impose a ban on the exchange of fiat cash for cryptocurrency, scheduled to take effect in 2026. Deputy Prime Minister Mher Grigoryan confirmed the cabinet’s official stance during parliamentary control in the National Assembly, Armenia’s unicameral legislature. Grigoryan was responding to a question by Arman Yeghoyan,…

Bullish (BLSH), the NYSE-listed digital assets platform focused on institutional investors and parent company of CoinDesk, will tentatively launch crypto options trading from Oct. 8. These bitcoin BTC$118,682.83 options will be margined and settled in the regulated, dollar-pegged stablecoin USDC, which boasts a market cap of $73.85 billion at press time, the second-largest in the stablecoin industry. Additionally, they will be European-style options with expiries ranging from three weeks to three months. The contract multiplier will be 1, meaning one contract represents one full BTC. The exchange plans to list options tied to ether, as well as other single assets…

By the numbers, Bitcoin’s network difficulty climbed 5.97% at block height 917,280, landing it the title of this year’s third-biggest jump. Bitcoin Mining Odds Tighten Finding a block just got a whole lot tougher—network difficulty jumped 5.97%, landing at 150.84 trillion. Think of Bitcoin’s network difficulty like the odds of winning a colossal dice-toss lottery that resets every 10 minutes. Back in January 2009, when difficulty sat at 1, the target was practically wide open—miners needed only a handful of tosses to strike digital gold. The top five mining difficulty increases for 2025. Fast-forward to today: with difficulty at 150.84…

Alchemy Pay is navigating Europe’s new MiCA regime by locking down an exclusive partnership with the licensed ZBX Group. The move provides the regulatory clarity needed to deploy its fiat gateway crypto users across the continent, sidestepping a major industry hurdle. Summary Alchemy Pay secured EU market access through an exclusive partnership with MiCA-licensed ZBX Group. The deal establishes a “dual-engine” framework for compliant fiat-crypto ramps across Europe. The move builds on Alchemy Pay’s recent Hong Kong expansion via licensed HTF Securities. According to a press release dated Oct. 2, Alchemy Pay has taken a strategic stake in Malta-based ZBX…

KuCoin announced on its official X channel that it has published its 35th Proof-of-Reserves report, continuing its regular practice of transparency on financial performance. As of September 30, 2025, the exchange services reserve a ratio of above 100% of the large cryptocurrencies. According to the published report, Bitcoin is standing at 117%, Ethereum at 107%, USDT at 107%, and USDC at 119%. It is almost three years of the regular reporting of the month by KuCoin since the first report was published in June 2023. Proof-of-Reserves and Its Importance Proof-of-Reserves has become an essential tool that cryptocurrency exchanges use to…

As the US government shutdown enters its second day, the crypto industry is left wondering how the closure will impact pending regulatory matters. Currently in limbo: the crypto market structure bill, the status of GENIUS Act policies, and the timeline for approving certain spot crypto ETFs. Spot crypto ETFs Perhaps the most direct impact the government shutdown is expected to have on the crypto industry is that new spot crypto ETFs will be delayed. The Securities and Exchange Commission said that during the shutdown, staff will not review or approve registration statements or issue notices of effectiveness. An “extremely limited…