Author: NBTC

Hong Kong has set a minimum capital requirement of HK$25 million for companies seeking to issue fiat-backed stablecoins in the city. Regulators require issuers to provide a clear and enforceable redemption mechanism that allows holders to exchange stablecoins for fiat currency at a 1:1 ratio within a short timeframe. The requirement is part of the city’s new stablecoin regulatory regime, which came into legal force this year and establishes a licensing framework overseen by the Hong Kong Monetary Authority (HKMA). Hong Kong’s regulatory architecture takes shape According to statements by Lui Chi-hung, a member of Hong Kong’s Stablecoin Review Tribunal…

South Korea’s Virtual Assets Committee (VAC), launched a year ago to regulate the crypto space, has become inactive, with no meetings held since May. Summary South Korean regulators plan to impose strict liability rules on crypto exchanges to enhance investor protection, following a hacking incident at Upbit. The proposed rules would require exchanges to compensate users for losses from hacks or system failures, without needing to prove fault, similar to laws in high-risk industries. The new legislation comes as the VAC goes dark following President Yoon Suk-yeol’s impeachment. South Korea’s newspaper Kookmin Ilbo reports that the government is focusing on…

Blockchain payments provider Tassat Group has received a U.S. patent for its onchain “yield-in-transit” (YIT) technology, which enables interest to accrue continuously through the moment ownership changes during settlement, the company said in a press release Tuesday. The New York-based firm said the patented approach covers intraday accrual and distribution of on-chain interest in high-velocity, always-on settlement environments, aiming to remove ambiguity around who earns what yield and when. “Securing this foundational patent reflects Tassat’s continued innovation in delivering enterprise-grade, blockchain-based settlement infrastructure for digital asset institutions,” said Glen Sussman, CEO of Tassat, in emailed comments. “Yield-in-transit enables our institutional…

CryptoQuant analyst CoinCare said that selling pressure on Ethereum (ETH) has eased and an uptrend is imminent. At this point, the analyst suggests that ETH could experience an upward move towards new all-time highs in about a month. At this point, the analyst noted that Ethereum’s net buyer volume had bottomed out and was showing an upward trend. Net Buyer Volume is an on-chain indicator that shows market buying and selling pressure. Generally, if Net Buyer Volume is positive, it is assumed that buying pressure is greater than selling pressure, and if it is negative, it is assumed that selling…

Breaking news just rocked the cryptocurrency world! The SEC has officially approved the Bitwise 10 Crypto Index ETF, marking a monumental shift in how mainstream investors can access the digital asset space. This groundbreaking decision opens doors for millions who’ve been waiting for regulated exposure to top cryptocurrencies. What Exactly Is the Bitwise 10 Crypto Index ETF? The Bitwise 10 Crypto Index ETF represents a carefully curated basket of the ten largest and most established cryptocurrencies. Think of it as a diversified crypto portfolio wrapped in a traditional investment vehicle. This innovative approach allows investors to gain exposure to multiple…

Coinbase CEO Brian Armstrong has accused the European Union of undermining the region’s technology, crypto, and artificial intelligence economy through fines imposed on US tech firms. Armstrong gave his sentiments on X early Tuesday morning, responding to claims that the bloc now earns more from regulatory actions than from corporate taxes paid by public European tech firms. “At some point, with enough regulation producing fines, it borders on looting. You can have more fines from over-regulation, or you can have a growing economy, but you can’t have both,” the Coinbase CEO wrote. His X post quoted the founder of Agentic…

In a groundbreaking move that signals major institutional adoption, automotive giant BMW has implemented JPMorgan’s blockchain-based Kinexys system to automate its foreign exchange transfers. This strategic partnership represents a significant leap forward for blockchain payments in traditional finance, demonstrating how established corporations can leverage cryptocurrency technology to optimize operations. What Are Blockchain Payments and Why Does BMW Care? Blockchain payments utilize distributed ledger technology to facilitate secure, transparent transactions without traditional intermediaries. Unlike conventional banking systems that operate during business hours with settlement delays, blockchain payments function 24/7 with near-instant settlement. For multinational corporations like BMW that manage complex global…

Ethereum needs to break an important resistance level to trigger a potential surge as futures outflows take over the market. Notably, Ethereum (ETH) has seen a 3.7% drop in the last 24 hours, currently trading at $3,202. The price has fluctuated between $3,176.63 and $3,432.93 during this period, indicating some volatility. Despite the recent decline, Ethereum has experienced a 0.6% increase over the past week and a stronger 6.3% rise in the last 14 days. However, its performance over the last 30 days and 12 months shows significant challenges, with losses of 9.6% and 12.5%, respectively. Given the current price…

On March 6, US President Donald Trump ordered the creation of a Strategic Bitcoin Reserve (SBR) and Digital Asset Stockpile. While the quantity of assets in both funds has risen dramatically due to criminal and civil asset forfeiture, the coin prices of those assets have been falling precipitously. Specifically, using estimates from Arkham and a date of 30 days after Trump’s executive order as a starting point for calculating returns, the median return across a number of the largest constituents of the SBR and Digital Asset Stockpile whose price is not flat in USD terms over the time period is…

The titans of Wall Street are descending on Capitol Hill to ensure the emerging digital asset framework does not undercut their business model. Negotiations over the crypto market structure bill have entered a combative new phase, with the heads of the nation’s largest banks preparing to intervene directly in the legislative process. Behind closed doors, negotiators from both parties have spent weeks trading proposals, examining definitions that would determine whether crypto assets fall under the SEC or the CFTC. Lawmakers are debating how to prevent the market from becoming a haven for illicit finance. Now, the effort is entering a…