Author: NBTC

As is known, the FED resumed the interest rate cuts it had paused in 2025 in September and decided to cut them by 25 basis points. While the Fed is expected to cut interest rates one or two more times by the end of 2025, Fed Chair Jerome Powell will deliver a highly anticipated speech on “Economic Outlook and Monetary Policy” at the National Association of Business Economics in Philadelphia. This speech will be the first major speech since the last Fed policy meeting in September. At this point, global and crypto markets are eagerly awaiting Fed Chair Powell’s statement.…

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday placed sanctions on “drug kingpin” Ryan James Wedding, nine of his associates, and nine entities linked to him. The Federal Bureau of Investigation (FBI) has been on the hunt for former Olympic athlete Wedding for over a year now, and placed the man on its most wanted fugitives list for his alleged cocaine empire.  “You do not get to be a drug kingpin and evade the law. Make no mistake about it: Ryan Wedding is the modern-day iteration of Pablo Escobar. He is a modern-day iteration…

Web3 social platform UXLINK has made a groundbreaking move by integrating the revolutionary EIP-7702 payment architecture into its native FujiPay platform. This integration represents a significant leap forward in blockchain payment technology, bringing enterprise-grade security and functionality to everyday users. The EIP-7702 payment architecture fundamentally changes how we interact with digital payments in the Web3 space. What Makes EIP-7702 Payment Architecture So Transformative? The EIP-7702 payment architecture introduces a game-changing approach to blockchain transactions. This innovative system temporarily grants smart account capabilities to existing externally owned accounts (EOAs), creating a bridge between traditional and advanced blockchain functionality. The implementation of…

The DeFi Education Fund, an advocacy organization focused on decentralized finance, has proposed utilizing the technology to reduce costs, aiming to address poverty in the United States and globally. In a Wednesday blog post, the group said DeFi infrastructure could potentially save unbanked and underbanked people around the world about $30 billion annually through reducing remittance costs. The organization cited examples of workers sending funds home and paying fees to do so, which could be reduced “by up to 80%” with DeFi. “The poverty premium [the expenses incurred by low-income households that wealthier individuals are often able to access at…

BlackRock (BLK), the asset management giant overseeing more than $13 trillion of assets, is ramping up efforts to bring traditional finance (TradiFi) onchain, seeking a bigger role in tokenization as a way to unlock access to markets and streamline how assets are traded. Teams across the firm are exploring how to use tokenization to make markets more efficient and accessible, with leadership hinting at bigger moves ahead, CEO Larry Fink said during an earnings call following its earnings release Tuesday. “I do believe we have some exciting announcements in the coming years on how we could play a larger role…

A new political fight has started in Washington as Senators Elizabeth Warren and Jack Reed have asked the U.S. Department of Justice and the Treasury Department to investigate World Liberty Financial, a crypto firm linked to Donald Trump. The senators say the company may not have strong protections against suspicious money and could be connected to bad actors in North Korea and Russia. Their concerns come from a report claiming the firm sold about 600,000 WLFI tokens worth around 10,000 dollars to wallets linked to North Korea, Iran and Tornado Cash, a service previously connected to money laundering. Crypto Community…

Decentralized finance (DeFi) giant Spark has shelved its plans to launch a mobile app, for now. “We had an internal discussion and we’re going to put it on pause for now just because we view our edge as largely in the DeFi-native crypto space,” Sam MacPherson, CEO of Phoenix Labs, told CoinDesk in an interview during Devconnect Buenos Aires. “We are not builders of consumer apps, and this space is very competitive.” Phoenix Labs is the company behind the development of the Spark protocol, which to date has amassed over $9 billion in total value locked, according to data from…

Stablecoins are rapidly moving from niche products to core payment infrastructure, according to asset management giant DWS. With a combined market cap above $250 billion and transaction volumes outpacing Visa (V) and Mastercard (MA), they’ve become liquid, globally traded assets favored by institutions, DWS said in the report last week. Euro stablecoins are setting new benchmarks for efficiency and acceptance, according to the report. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing a payment infrastructure, and are also used to transfer money…

U.S. President Donald Trump’s nominee to run the Commodity Futures Trading Commission, Mike Selig, told senators in his Wednesday confirmation hearing that he’ll champion the president’s intention to set a U.S. path for crypto regulation. The Senate Agriculture Committee, which oversees the CFTC that will be a leading U.S. regulator for crypto, weighed Selig’s nomination, and Chairman John Boozman asked about digital asset oversight in his first question. “The CFTC has a critical mission to protect these markets,” Selig said. He told the lawmakers, “This is a real opportunity to develop a framework that can allow for software developers to…

Revolut is working with Ethereum overlay system provider Polygon Labs to enable its customers in the UK and EEA to make crypto remittances in USDC, USDT, and POL, via the Polygon blockchain and the Revolut app. The European fintech giant, which services over 65 million users across 38 countries, first starting enabling stablecoin transfers over Polygon integration back in December 2024 and since then has processed over $690 million in Polygon-based transactions, with near-instant transfers and minimal gas fees, according to a press release on Tuesday. “Revolut is now switching on USDC and USDT support on Polygon for customers,” a…