Author: NBTC

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A Monday Nasdaq filing seems to affirm what many of you may have read previously: Tokenization could transform finance sooner than many think. In a proposal to the SEC, the exchange seeks to let firms and investors tokenize the equity securities and ETPs they currently trade on the Nasdaq. More specifically, the approach would allow participants the choice (upon entering an order) to have the Depository Trust Corporation (DTC) clear and settle trades in tokenized form. Nasdaq noted that tokenized securities are “technologically distinct” from those…

Authorities in Kazakhstan are seizing millions of U.S. dollars’ worth of cryptocurrency as part of an investigation into a Ponzi scheme that lured investors across the region. The financial pyramid scheme has been active for several years in Central Asia and parts of Eastern Europe, offering victims high returns on investments in various crypto projects. Kazakhstan brings down massive crypto pyramid Amir Capital, an entity posing as an international investment fund, is under investigation in Kazakhstan for allegedly running a crypto Ponzi scheme. The company actively solicited funds from citizens of Kazakhstan and several other former Soviet states, including Kyrgyzstan,…

TACEO and Aztec Foundation are teaming up to create a Private Shared State, an encrypted environment that supports updates, multi-computation and auditing under one private decentralized roof. Summary TACEO and Aztec Foundation are partnering to bring Private Shared State into Ethereum. PSS differs from existing MPC solutions by allowing shared, persistent private states on-chain, with a focus on developer usability through TACEO’s coNoir toolkit. TACEO claims its system is built with post-quantum security in mind, using information-theoretically secure protocols and exploring hash-based proof systems. TACEO, the company behind Worldcoin’s encrypted iris-scanning network and the largest known multiparty computation database, has…

JPMorgan strategist Fabio Bassi said the Fed is more likely to cut interest rates by 25 basis points at its September meeting. Bassi noted that despite weak employment data, inflation remains high, and that an aggressive 50 basis point cut is unlikely. According to Bassi, the risk of a recession stands at 40%. Markets, however, anticipate only a limited easing of growth risks. The analyst also cited the increasing political pressure following the dismissal of Fed member Lisa Cook, emphasizing that the Fed’s independence remains intact. He stated that if the economic weakness proves temporary, the Fed will likely implement…

German prosecutors have confirmed that police raided premises connected to Frankfurt-based computing group, Northern Data AG, intensifying scrutiny of one of Europe’s most prominent companies operating in the worlds of cryptocurrency and artificial intelligence. A spokesperson for the Frankfurt prosecutor’s office stated that “raids in connection with Northern Data” were conducted on Thursday, declining to disclose the targets or what investigators were searching for. The agency said further details would be provided on Monday. Northern Data did not immediately respond to requests for comment. Its shares slipped following news of the raids, with investors unsettled by the prospect of renewed…

Binance Academy has partnered with the Cardano Foundation to launch a new online course titled Cardano Fundamentals, as per details shared with Finbold on September 25. The three-hour program, available for free on the Binance Academy platform, aims to broaden access to blockchain education and provide learners with an introduction to Cardano’s (ADA) ecosystem. Blockchain education for beginners and advanced learners The course, delivered through the Cardano Academy, covers Cardano’s origins, its Ouroboros proof-of-stake protocol, staking mechanisms, the extended UTXO model, and features such as native assets, NFTs, governance, interoperability, and scalability. It also explores use cases across decentralized finance,…

Eightco Holdings Inc. shares surged more than 3,000% Monday after the obscure e-commerce firm announced plans to build a treasury around Worldcoin—and secured a $20 million investment from crypto miner BitMine. The stock hewed to its Friday closing price of $1.43 in pre-market hours and closed at $45.08. It surged as high as $83.12, earlier in the day, a more than 5,000% gain at the time. “Everything the Foundation and Tools for Humanity have built has enabled us to be in this position,” Dan Ives, managing director at Wedbush Securities, told Decrypt. “We believe that World is significantly undervalued relative…

A Tennessee court ordered a couple to pay over $6.8 million for running a fake crypto pool. The scheme promised profits under the guidance of a person called “Coach Wendy,” whose identity is still unknown. The couple lured investors through real estate connections Michael and Amanda Griffis were real estate agents from Clarksville. They operated a pool called “Blessings of God Thru Crypto” between 2021 and 2023. The Commodity Futures Trading Commission (CFTC) said the couple raised more than $6.5 million from around 145 investors. The couple first came under investigation in July 2023, when the CFTC filed a case…

XPayFi, a renowned Web3 platform to bridge TradFi with DeFi, has partnered with ENI Network, an L1 blockchain to power business Web3 apps. The collaboration endeavors to offer enterprise-level blockchain solutions to bolster programmable finance. As mentioned in XPayFi’s official social media announcement, the development is set to integrate the cutting-edge enterprise blockchain of ENI, powered by modular multi-chain architecture and ZK technology. Keeping this in view, the partnership is anticipated to drive innovation across the business and DeFi applications. 🚨 New Partnership Alert 🚨XPayFi 🤝 @ENI__Official ENIAC Network is a next-gen enterprise blockchain built with ZK technology + modular…

Cathie Wood’s ARK Invest bought more shares in Tom Lee’s Ether treasury firm BitMine as the crypto treasury hit a milestone in Ether holdings. ARK Invest purchased 101,950 shares worth around $4.4 million in BitMine Immersion Technologies (BMNR) on Monday, spread across three funds: The Ark Innovation ETF, which now holds a 2.6% allocation to BitMine, the Ark Next Generation Internet ETF and the ARK Fintech Innovation ETF, which holds similar allocations. The three funds combined currently hold 6.7 million BitMine shares worth a total of $284 million, according to the fund prospectuses. Wood’s investment funds have been increasing their…