Author: NBTC

US President Donald Trump nominated acting Federal Deposit Insurance Corp (FDIC) Chairman Travis Hill to lead the banking regulator permanently. Under his acting leadership, Hill has demonstrated an overall crypto-friendly stance. He has a track record of opposing policies he viewed as attempts to debank the industry. Hill Tap Suggests Promise of Lighter Regulation Trump has tapped Hill to permanently lead the FDIC, an independent agency responsible for maintaining the stability of the US financial system and insuring bank deposits. If confirmed by the US Senate, Hill is widely expected to maintain lighter enforcement on banking activities. This scenario will…

Spanish bank BBVA has partnered with Singapore’s SGX FX to allow retail customers to trade digital assets directly through its platforms. The integration, marking a first for the European market, the companies said on Thursday, will initially support bitcoin and ether, offering 24/7 trading with the same framework BBVA uses for foreign exchange. SGX has been a digital assets and blockchain tech enthusiast for several years, while BBVA has also been at the forefront among banks when it comes to crypto. SGX FX provides banks with aggregation, pricing, distribution and risk-management tools while maintaining operations across key global data centers…

Though the U.S. Commodity Futures Trading Commission’s Acting Chairman Caroline Pham has been blazing forward on crypto-friendly policy, even as she has one foot out the door, the White House is working quickly to find a permanent successor after abandoning President Donald Trump’s first choice. Trump nominee Brian Quintenz, a former commissioner, was dropped recently, and the administration has since been “hard at work” on announcing a new choice, said former CFTC Chairman Chris Giancarlo, who added that he was at the White House on Wednesday. “The White House felt that they had things in hand; it didn’t work out,”…

WalletConnect, an open-source platform to securely link wallets and dApps, has partnered with dtcpay, a prominent stablecoin payment platform in Asia. The collaboration is aimed at expanding stablecoin payment within the Asian region with the release of WalletConnect Pay. As WalletConnect revealed in its official social media announcement, the partnership endeavors to bridge blockchain-led finance with conventional payment ecosystems. As a result, the development is set to broaden stablecoin payment adoption and accelerate on-chain financial networks across the globe. 1/ Introducing WalletConnect Pay 🌐In partnership with @dtc_pay, one of Asia’s leading POS providers, seamless stablecoin payments are coming to retail,…

US Senator Ted Cruz of Texas has blocked a privacy bill that seeks to protect all Americans from having their personal information exposed by data brokers — arguing that law enforcement needs access to some data and that the bill requires refinement. The Bitcoiner was the only US senator to object to Democrat Senator Ron Wyden’s bill — Senate Bill 2850 — on Wednesday, arguing a lack of data could disrupt efforts to ensure that convicted sex offenders are kept away from children. SB 2850 seeks to stop brokers from exposing personal data Wyden said SB 2850 would seek to…

Uphold, one of the largest U.S.-based crypto exchanges, has hinted at a major upcoming feature for XRP holders. In a post on X, the platform stated that the loyalty of the XRP Army is about to be recognized with more than just words. This statement stirred discussions that Uphold could be on the verge of launching its long-awaited XRP yield service. Uphold’s Unique Bond with XRP Holders Uphold has long been regarded as the “XRP exchange”. Notably, it holds over $6 billion worth of XRP on behalf of users, more than ten times the amount of Bitcoin stored on the…

A federal judge in California has tossed out a class-action lawsuit against Yuga Labs, creator of the once-dominant Bored Ape Yacht Club NFT collection, ruling that the digital collectibles cannot be considered securities.   The Los Angeles-based judge, Fernando M. Olguin—who was appointed to the bench in 2013 by former president Barack Obama—ruled Thursday that Bored Ape NFTs fail to meet several criteria of the test used to determine the security status of financial transactions. Olguin ruled Bored Ape NFTs should be considered different from other NFT collections previously found to have plausibly constituted securities—particularly Dapper Labs’ NBA Top Shot NFTs…

A U.S. federal judge has ruled that Binance founder Changpeng “CZ” Zhao was not properly served in a terror-financing lawsuit tied to the October 2023 Hamas attacks, delaying direct legal exposure for him even as the case against Binance continues. Judge Rejects Service Attempts on Zhao The case involves more than 40 American plaintiffs and families of victims from the October 7 Hamas attacks. Their legal team tried to serve Zhao electronically, through email and social media, citing his residence in the United Arab Emirates and Binance’s lack of a clear global headquarters. The D.C. federal court dismissed those attempts,…

2Z, the native token of the decentralized cloud platform DoubleZero, is set to be listed on multiple exchanges, including Binance Alpha and Upbit, later today. The listing comes just days after the altcoin was deemed to fall outside the scope of U.S. securities laws. Summary DoubleZero will be listed on major exchanges like Binance Alpha and Upbit today. The listings come days after the U.S. SEC issued regulatory clearance for the token. According to an official announcement, Binance Alpha will be the first platform to list the DoubleZero (2Z) token, with trading set to go live on Oct. 2 at…

Under Reservation of Rights filing, Ripple is challlenging Linqto’s bankruptcy attempt of converting 4.7 million Ripple shares into a publicly traded fund. Ripple emphasized that it remains a private company by choice and has not given consent for its shares to be traded publicly. Linqto has a court hearing scheduled for October 3, 2025, before Judge Alfredo Perez. Ripple has formally filed a Reservation of Rights to challenge Linqto’s bankruptcy strategy of converting 4.7 million Ripple shares into a publicly traded fund. This move prevents its private shares from entering the public market without Ripple’s approval. Ripple Files Reservation of…