Author: NBTC

Local reports say the power company cut power to Tether’s operation on July 25 amid a renegotiation of Uruguay’s power tariffs. In June, the company signed an MoU conditioned on payment of its outstanding debts. Tether Faces Power Cuts in Uruguay Amidst $5 Million Outstanding Energy Debt Tether, the multi-billion-dollar crypto and stablecoin company, is facing difficulties regarding its operation in Uruguay, linked to its mining operations. According to local sources, the company is currently experiencing power interruptions due to its outstanding energy bills from the activities of its two sites in the country. Sources from UTE, the Uruguayan state-owned…

Uphold, one of the largest U.S.-based crypto exchanges, has once again stirred excitement among XRP holders. In a tweet, the exchange stated that XRP is not just held; it’s used, earned, and compounded. The statement strengthens Uphold’s reputation as a leading exchange championing real-world utility and rewards for the XRP community. From Loyalty to Utility For years, Uphold has been recognized as the “XRP exchange,” managing more than $6 billion worth of XRP — over ten times the amount of Bitcoin held on its platform. XRP Cashback Program Rewards Users In September, Uphold unveiled one of its most practical reward…

Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology.The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages and a US dollar squeeze, according to the AP. Rodrigo Paz won Bolivia’s run-off presidential election on Sunday. Source: AP For crypto observers, Paz’s government plan includes two concrete proposals related to digital assets and blockchain. Blockchain joins Bolivia’s reform agenda The first is a plan…

Key Takeaways The ECB reports continued progress in developing the digital euro, a central bank digital currency (CBDC) for the eurozone. Testing for the digital euro is expected to end by October 2025, with a possible launch after that date. The European Central Bank sees progress in digital euro development as the central bank digital currency project advances through its preparation phase. The ECB, the central banking institution for the 20 eurozone countries, entered the digital euro preparation phase in 2023. Testing phases are expected to conclude by October 2025. The proposed CBDC would serve as a digital form of…

Donald R. Wilson, the founder of DRW Holdings LLC, called out crypto exchanges on Friday for violating one of the most basic principles in trading; neutrality. Speaking from Chicago just a week after the brutally historic $19 billion liquidation that wiped out leveraged bets after Trump reignited beef with China, Wilson reportedly told Bloomberg that if crypto wants to be taken seriously by institutional players, exchanges can’t keep acting like they’re both the referee and the player. “If crypto markets aspire to institutional credibility, then exchanges need to be just that: neutral venues for trading,” he said. Wilson didn’t name…

Monad’s long-awaited airdrop has the crypto community buzzing, but beneath the hype lies an ambitious engineering effort for the blockchain. Ahead of the much anticipated token release and the mainnet launch, CoinDesk explored how the team’s reimagined virtual machine combined with its fast execution could set up Monad to compete with some of the fastest layer-1s. As it prepares to go head-to-head with competitors like Solana or Aptos in the race for speed and scalability, Monad is betting that its technical breakthroughs can bring in new applications and use cases for on-chain finance. This interview has been edited for brevity…

Ethereum (CRYPTO: ETH) price today trades near $4,048, testing resistance after reclaiming the $4,000 psychological mark. Buyers are attempting to extend gains from last week’s $3,700 low, but the token remains capped under the descending trendline that has shaped the market since early September. With UK regulators approving retail access to crypto exchange-traded products, investors now weigh whether this catalyst is enough to drive ETH out of its consolidation zone. Buyers Defend Key Support Around $3,900 ETH Price Analysis (Source: TradingView) ETH price action has been volatile through October, with sharp selloffs breaking below major moving averages before buyers stabilized…

Franklin Templeton’s Max Gokhman explained what the investment firm is doing to meet increasing client demand for crypto assets. Summary Franklin Templeton’s Max Gokhman breaks down client demand for crypto assets Crypto is an asset class that institutions should take seriously, Gokhman stated As the digital-asset space matures, institutional interest is rising, especially due to increased client demand. However, most financial institutions are still lagging behind when it comes to this asset class, says Max Gokhman, CFA, deputy CIO at Franklin Templeton Investment Solutions. In an interview with crypto.news, Gokhman explained what the investment giant is doing to meet demand…

Robinhood has expanded its tokenization initiative on the Arbitrum blockchain, deploying 80 new stock tokens in the past few days and bringing the total number of tokenized assets close to 500. According to data from Dune Analytics, Robinhood has tokenized 493 assets with a total value exceeding $8.5 million. Cumulative mint volume has surpassed $19.3 million, offset by around $11.5 million in burning activity, signaling a growing but actively traded market. Stocks account for nearly 70% of all deployed tokens, followed by exchange-traded funds (ETFs) at about 24%, with smaller allocations to commodities, crypto ETFs and US Treasurys. The latest…

As the rest of the internet began to recover Monday afternoon from a seismic Amazon Web Services (AWS) outage, key crypto sites and service providers continued to struggle from the setback. Apps like Coinbase and OpenSea have remained partially or entirely down for many users, particularly those on the East Coast.  Meanwhile, even decentralized crypto wallets like MetaMask have been showing some panicked users zero balances, due to outages at a service provider the wallet depends on to fetch user data from numerous blockchains. anyone else log into metamask, see this because of infura AWS issue and have smol heartytack?…