Author: NBTC

Instead of creating a broad exemption framework for cryptocurrency exchanges, the South African central bank plans to release a new framework later this year focused on cross-border crypto asset transfers. Key Details of Proposed Framework South Africa is taking significant steps towards regulating cryptocurrency transactions, as highlighted by Finance Minister Enoch Godongwana’s recent statements. Rather than drafting a comprehensive cryptocurrency exchange control exemption framework, the South African Reserve Bank (SARB) is set to publish a new framework later this year that will specifically address cross-border crypto asset transfers. According to a report, Godongwana’s remarks came in response to inquiries from…

Stocks gained on Tuesday following the release of the latest inflation data for the United States, with the Dow Jones Industrial Average jumping more than 500 points and both S&P 500 and Nasdaq Composite edging towards record highs. Summary U.S. stocks inched higher as investors reacted to latest inflation data. The S&P 500 broke above 6,400 and looked to close above this mark for the first time ever. The Dow Jones Industrial Average and Nasdaq also rose. The Dow Jones Industrial Average was up nearly 500 points, and the S&P 500 gained 1.1% to signal a fresh bullish flip for…

The U.S. Securities and Exchange Commission is looking at custody rules for digital assets, including how broker-dealers, asset managers and investment advisers can deal with cryptocurrency transactions, its head said Friday. SEC Chair Paul Atkins, speaking about his recently announced Project Crypto on Fox Business’ “Mornings With Maria” program, said the agency was “mobilizing at the SEC all our different divisions and offices” to implement President Donald Trump’s crypto working group’s recommendations to make the U.S. a more crypto-friendly nation. This includes adjusting rules “that have been around for 90 years or so,” he said. “We don’t want the crypto…

US Treasury Secretary Scott Bessent made noteworthy assessments of the FED in his statements to Fox Business. Bessent argued that the Fed should have cut interest rates in June, given accurate economic data. Bessent, who stated that the Trump administration is “open-minded” in selecting the Fed Chair, said they are looking for a vision for restructuring the institution in the new presidential candidate. He stated that the current Fed faces a “fundamental problem” and that a 50 basis point interest rate cut should be considered at the September meeting. Bessent also expressed hope that Miran, from the Council of Economic…

Coinbase’s Jesse Pollak set off a debate on Crypto Twitter after suggesting that Fortnite’s in-game economy could be “10x better onchain.” In a post on X, Pollak, who heads Base, Coinbase’s Ethereum layer-2 network, argued that moving a title like Fortnite on-chain would unlock new opportunities for both companies and players. “For the company: because then their entire economy is open for anyone else to build on,” he wrote. “There’s billions of dollars of value here – opening that up as a platform will unlock creativity a single company can’t imagine. For the players: because then they actually own their…

Near Protocol, a PoS blockchain network, today announced its strategic alliance with IQ AI, a network powering a system of autonomous AI agents developed to serve the needs of Web3 users. With this joint venture, Near Protocol aims to widen its AI-powered solutions within its distributed ledger network, seeking to improve its crypto infrastructure through automation and advanced virtual asset management. Based on this important collaboration, Near Protocol integrated IQ’s ATP (Agent Tokenization Platform) into its PoS network to improve the blockchain’s efficiency, security, and transparency of AI-driven financial operations and control. Partnered with @NEARProtocol to bring autonomous cross-chain capabilities…

New York Assemblymember Phil Steck introduced legislation on Wednesday that would generate sweeping tax revenues from cryptocurrency transactions across the state. Under Bill A0966, the Empire State would immediately impose a 0.2% excise tax on crypto transactions, using the proceeds to help schools combat substance abuse in upstate New York, where the opioid epidemic has severely impacted communities for years. In a bill memo shared with Decrypt on Friday, Steck estimated that the levy would generate $158 million in annual revenue from “crypto investors [that] are driven by a single motive: the desire for quick and instant wealth.” “The funding…

Zoro, a famous AI-driven technology platform, has collaborated with trl.co, a leading platform in tokenization of real-world assets (RWAs). The collaboration aims to boost real estate investment with the merger of AI advancements. Zoro mentioned in its official statement that the joint initiative underscores a notable move to leverage AI to improve the valuation of the real estate and simplify investment in it. Ultimately, the mutual endeavor is anticipated to revolutionize the purchase, sale, and management of real estate on blockchain. 🏘 Meet The Real Lifestyle! Our newest RWA partner bringing AI-powered property tokenization to the Base chain!@Trl_co is building…

Crypto venture capital investment fell sharply to $1.97 billion in Q2 2025, a 59% quarterly decline, according to Galaxy Digital Research. The firmwide research head Alex Thorn noted the drop partly reflects an abnormal $2 billion investment in Binance during Q1 by UAE’s MGX fund; excluding that deal, the decline would have been 29%. Galaxy’s Head of Research: Pre-Seed Crypto Deals Decline as Market Matures According to Galaxy‘s second quarter venture capital (VC) analysis, later-stage deals captured 52% of capital, the second time since Q1 2021 they exceeded early-stage funding, signaling market maturity. Mining led sectors with $300 million invested—primarily…

Digital Currency Group has sued its subsidiary Genesis, claiming that the collapsed crypto lender has actually profited in the long-term following its collapse and subsequent bailout. In a lawsuit filed Thursday, DCG said that the $1.1 billion loan it gave to Genesis in 2022 was ultimately more than enough to cover its losses. Crypto lender Genesis went bankrupt in 2023 as it had lent money to collapsed crypto firm Three Arrows Capital and other firms during the bear market and “crypto contagion” that spread across the industry in 2022.  DCG stepped in with capital to help repay Genesis customers.…