Author: NBTC

New York’s top financial regulator has fined Paxos, a New York City-based stablecoin issuer, $26.5 million for “systemic failures” in its compliance and anti-money laundering programs, including a past partnership with global crypto exchange Binance, according to a Thursday announcement. In addition to the fine, Paxos agreed to spend another $22 million improving its compliance program to bring it up to snuff with the New York Department of Financial Services’ (NYDFS) standards. “The Department of Financial Services has led the nation in regulating the virtual currency industry, protecting consumers and markets through examinations, supervision, and where necessary, enforcement,” NYDFS Superintendent…

In the rapidly evolving landscape of artificial intelligence, a new challenge has emerged: how do AI agents efficiently handle transactions? Imagine a world where your AI assistant needs to pay for every piece of information or service it accesses online, constantly asking for your approval or needing new subscriptions. This friction is exactly what Lava Payments aims to eliminate, positioning itself at the forefront of the next wave of AI payments. Revolutionizing Transactions: Why AI Payments Are Essential? The digital frontier is rapidly being reshaped by autonomous AI agents, capable of performing complex tasks on behalf of users. However, as…

Ethereum price rebounds after retesting its daily support at $3,730, keeping intact the chances to reach $4,000. On-chain data shows that ETH whale wallets continue to accumulate ETH tokens, while exchange reserves hit a 9-year low. Ether Machine announced on Ethereum’s 10th birthday that its subsidiary has purchased nearly 15,000 ETH. Ethereum (ETH) marked its 10th anniversary this week with growing signs of bullish momentum, trading above $3,800 at the time of writing after bouncing off a key support level the previous day. On-chain data shows a steady accumulation of ETH tokens by whale wallets during July, while exchange reserves…

The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital Asset Treasury Companies (DATCOs), which now account for over $100 billion in digital assets, critically depends on a persistent equity premium to net asset value (NAV), driven by the up-only trajectory of cryptocurrencies like Bitcoin and Ethereum tokens (ETH). If the premium collapses, or worse, flips to a discount, the model…

Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up. In 2021, the founder of coin mixer Bitcoin Fog was arrested on charges including money laundering and operating a money transmission business without a license. A year later, the U.S. Treasury Department issued sanctions against Tornado Cash, an Ethereum coin mixing service, effectively banning Americans from using it. In a landmark ruling in November 2024, the U.S. Fifth Circuit Court ruled that the Treasury had overstepped by sanctioning Tornado Cash’s smart contracts, although its broader designation remained intact. In a…

Exciting news for European crypto enthusiasts! Binance, the world’s leading blockchain ecosystem, has just rolled out a game-changing feature that simplifies how you access your funds. Now, you can enjoy near-instant crypto withdrawals directly to your Mastercard accounts. This update is a significant leap forward, making crypto to fiat conversion faster and more convenient for millions across the continent. Forget long waiting times; your digital assets can now become spendable cash in a flash, streamlining Binance Mastercard withdrawals for eligible users. What’s the Big Deal with Binance Mastercard Withdrawals? Binance’s new “Buy & Sell” service is designed to bridge the…

ETH derivatives show weak momentum despite strong ETF inflows. Ethereum’s network activity and TVL continue to decline. Technical analysis hints at long-term upside, but traders stay cautious. Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time. However, despite this rally and strong spot ETF inflows, derivatives market data paints a very different picture, casting doubt on whether Ethereum can break through the psychologically significant $4,000 level any time soon. In essence, the disconnect between bullish institutional inflows and weak derivatives metrics raises…

Ethena’s synthetic stablecoin, USDe, has crossed $8.4 billion in supply, adding more than $3.14 billion over 20 days in a surge that outpaced flows into BlackRock’s (BLK) flagship bitcoin and ether exchange-traded funds. According to on-chain data curated by the Ethena community, the supply increase since July 17 is the fastest period of growth since the protocol’s inception in February 2024. Inflow into the yield-bearing stablecoin exceeds the $2.75 billion added to BlackRock’s ether ETF (ETHA) and the $1.60 billion into its bitcoin ETF (IBIT) in the same period, making the DeFi-native stablecoin the biggest magnet for capital across both…

US President Donald Trump is set to sign an executive order on Thursday instructing federal bank regulators to identify and fine financial institutions that engaged in “debanking.” According to Bloomberg on Thursday, citing a senior White House official, regulators will be required to review complaint data, while financial institutions under the purview of the Small Business Administration will be asked to make efforts to reinstate clients who were unlawfully denied banking services. Debanking has been a key concern among some political groups, who argue that businesses such as gun manufacturers and fossil fuel companies have been denied banking services for…

The cryptocurrency world constantly evolves, bringing new opportunities for participants. A significant development recently emerged with the launch of the USD1 Points Program by World Liberty Financial (WLFI) on the popular Gate.io Exchange. This initiative aims to engage users by offering various ways to earn valuable DeFi Rewards, enhancing the utility of the USD1 token within the broader digital asset landscape. It marks an exciting step for those looking to expand their involvement in crypto through innovative earning mechanisms. What Exactly is the USD1 Points Program? World Liberty Financial (WLFI), a DeFi project reportedly linked to the Trump family, made…