Author: NBTC

Hundreds of Australians have suffered major losses after a Federal Court ordered the liquidation of NGS Crypto and associated companies for operating without a license. More than 450 investors poured $40.2 million into the scheme, but liquidators have found only $4.6 million in cryptocurrency so far. A Multimillion-Dollar Shortfall Hundreds of Australians who trusted their retirement savings to a “digital mining” scheme have been left facing deep losses after a Federal Court judge ordered the group to be wound up, revealing a massive shortfall in investor funds. On Dec. 18, Justice Berna Collier ordered the liquidation of NGS Crypto, NGS…

Gate Pay, a leading crypto payment solutions provider, has announced an exclusive service for merchants. Particularly, Gate Pay has introduced Institutional Accounts to offer seamless payment management at different levels for merchants. As per Gate Pay’s official X announcement, the new framework allows multi-level and inclusive account management. Additionally, the service eliminates the institutional requirement to develop and maintain complicated internal accounting mechanisms. Gate Pay Provides Merchants with Multi-Level Payment Management With the launch of the new Institutional Accounts feature, Gate Pay endeavors to streamline the merchant experience with multi-level account management. The development provides the platform with a scalable…

Sinohope Technology Holdings, formerly known as New Fire Technology Holdings. It released its audited annual results for the year ended September 30. The company reported total revenue of HK$8.66 billion. This marks a 451.8% year over year increase. The surge came mainly from rapid expansion in its cryptocurrency over-the-counter (OTC) trading business. However, despite the strong top line growth. The group swung to a net loss for the year. It highlights pressure on margins as trading volumes scaled up. OTC Trading Drives Revenue Surge The crypto asset trading segment remained the company’s core growth engine. Revenue from this business reached…

From Jan. 1, 2026, crypto users in 48 jurisdictions, including the United Kingdom and the European Union, will start to feel the first real effects of the Organization for Economic Co-operation and Development’s (OECD’s) Crypto-Asset Reporting Framework (CARF) as early‑moving jurisdictions begin collecting standardized data from exchanges and platforms. CARF requires in-scope providers to gather more detailed customer information, verify tax residency, and report users’ balances and transactions annually to their domestic tax authorities, which will then share that data across borders under existing information‑exchange agreements. Lucy Frew, partner and head of the global Regulatory & Risk Advisory Group at…

AEON, an omnichain payment and settlement layer for AI Economy, has forged partnership with X Layer, an Ethereum Layer 2 (L2) network developed by OKX exchange. AEON and X Layer are set to expand real-world cryptocurrency payments in emerging markets and improve merchant connectivity. The partnership connects blockchain activity to actual purchases, and facilitates smooth scan-to-pay transactions across the region. This spreads throughout Southeast Asia, Africa, and Latin America, users enjoy unified access via mobile payment rails. AEON x X Layer 🤝We’ve integrated with @XLayerOfficial to bring scan-to-pay crypto payments to millions across the emerging markets.Users can now spend at…

Institutional interest in crypto is expected to grow in 2026. According to Bitwise Chief Investment Officer Matt Hougan, exchange-traded funds (ETFs) will play a central role in this trend. His insights explain why ETFs are increasingly the preferred route for financial advisors and institutions alike. Why ETFs Appeal to Advisors Firstly, Hougan highlights that most advisors do not spend their days immersed in cryptocurrency. For many, digital assets constitute only a small portion of client portfolios. Consequently, advisors often think about crypto for minutes rather than hours. Therefore, investing directly in crypto can feel complex and time-consuming. Moreover, ETFs simplify…

Erden Timur, former Galatasaray vice chairman and real estate developer worth $550 million, has been formally arrested on money laundering charges linked to Turkey’s illegal betting investigation. Erden Timur’s real estate company, NEF, is believed to have engaged in suspicious transactions involving cryptocurrency platforms. The arrest is part of a broader investigation that has already led to the arrests of Turkish players, referees, and club executives and caused Galatasaray’s shares to plummet over 20% in two months. Why was Galatasaray’s former vice chairman arrested? Turkish authorities have formally arrested Erden Timur, a popular real estate developer and former executive of…

Crypto derivatives activity picked up sharply in 2025 as traders increasingly turned to onchain perpetual futures, according to Coinbase researcher David Duong. By late in the year, decentralized exchanges were processing more than $1 trillion in monthly perpetual futures volume, underscoring the growing role of onchain derivatives markets. In a post published Monday on X, Duong said the trend was driven in part by the absence of a traditional altcoin season, which led traders to seek higher returns through leverage rather than spot markets. He added that the “unprecedented degree of leverage” available in perpetual futures allowed traders to amplify…

Ondo Finance’s SLVon token has seen an impressive 155% price increase over the past 30 days, according to market reports. With a market capitalization of around $18 million, the token is quickly gaining attention from crypto investors seeking alternative asset exposure. What Is SLVon? SLVon is a tokenized version of the iShares Silver Trust (SLV), one of the world’s most popular silver ETFs. Essentially, it allows investors to gain SLV-like exposure in the crypto space. Unlike traditional ETFs, SLVon operates on the blockchain, enabling fractional ownership, easy transferability, and seamless reinvestment of dividends. This approach makes it easier for crypto-native…

The US government has filed a letter opposing the introduction of an amicus brief from the digital asset advocacy group DeFi Education Fund as the court considers a possible retrial for two brothers allegedly behind a $25 million exploit of the Ethereum blockchain. In a Tuesday filing in the US District Court for the Southern District of New York, interim US Attorney Jay Clayton submitted a letter to Judge Jessica Clarke requesting that a brief from the DeFi Education Fund (DEF) not be accepted while the court considers a motion to dismiss the case against Anton and James Peraire-Bueno. “Detached…