Author: NBTC

A US judge has granted prediction markets platform Kalshi a temporary reprieve from enforcement after the state of Connecticut sent it a cease and desist order last week for allegedly conducting unlicensed gambling. The Connecticut Department of Consumer Protection (DCP) sent Kalshi, along with Robinhood and Crypto.com, cease and desist orders on Dec. 2, accusing them of “conducting unlicensed online gambling, more specifically sports wagering, in Connecticut through its online sports event contracts.” Kalshi sued the DCP a day later, arguing its event contracts “are lawful under federal law” and its platform was subject to the Commodity Futures Trading Commission’s…

In a significant development for the crypto world, Animoca Brands just achieved a major milestone that could reshape blockchain gaming investments across the Middle East. The company received in-principle approval to operate as a fund manager in Abu Dhabi, opening new doors for digital asset innovation. What Does Animoca Brands Abu Dhabi Approval Mean for Investors? The Financial Services Regulatory Authority of Abu Dhabi Global Market granted this crucial approval. This decision allows Animoca Brands to manage investment funds specifically in Abu Dhabi. Therefore, the company can now expand its blockchain gaming and NFT operations throughout the region. This approval…

Market commentator Zach Rector has doubled down on his view that the next major move for XRP will occur before the Clarity Act becomes law. He asserts that markets move on expectations, not official documents. Rector argues that anyone waiting for XRP to take off only after President Trump signs the Act is ignoring a classic crypto pattern: “buy the rumor, sell the news.” Accordingly, Rector suggests that by the time the bill reaches the President’s desk, XRP’s breakout will likely have already happened. Specifically, Rector claimed the market will “absolutely” see a run-up in XRP before the Clarity Act…

The world of Web3 gaming just witnessed a spectacular triumph. Pudgy Party, the flagship mobile game from the beloved Pudgy Penguins NFT collection, has officially surpassed a monumental one million downloads. This milestone, achieved across both the Apple App Store and Google Play Store, signals a powerful surge in mainstream adoption for NFT-powered entertainment. But the celebrations don’t stop there—the game is also basking in the glory of major industry awards. What Makes Pudgy Party a Million-Download Sensation? Reaching one million downloads is no small feat in the competitive mobile gaming landscape. Pudgy Party accomplished this by blending accessible, fun…

A recent study found that only 8% to 11% of the $3.2 trillion cryptocurrency market generates yield—a five- to sixfold disparity compared with traditional finance, where 55% to 65% of capital is yield-bearing. Experts say the gap is a major barrier to institutional adoption, noting that institutions require “predictable, auditable yield,” which in crypto remains fragmented and exposed to significant risk. Closing the Gap: Infrastructure and Usability A recent Redstone study spotlighted a major structural weakness in the crypto economy: Only 8% to 11% of the $3.2 trillion market generates yield, compared with 55% to 65% of capital in traditional…

Rep. Keith Self (R., Texas) on Tuesday filed an amendment to the National Defense Authorization Act that would bar a U.S. central-bank digital currency as the House Rules Committee prepares to decide whether it advances to a floor vote. “Promises were broken to include this language in the NDAA,” Self tweeted. “My amendment would fix the bill.” House GOP leaders plan to pass the defense bill late Wednesday afternoon, according to a Politico report, citing anonymous sources.  A CBDC is a digital currency issued, regulated, and backed by a country’s central bank, comparable to fiat currency. Self’s amendment, titled…

The government of the UAE completed the first transaction using digital dirhams, its CBDC, to make a cross-border payment to China. The development, which leveraged the Mbridge platform, opens new horizons for cooperation, said the UAE Vice President Sheikh Mansour. UAE Enters The Digital CBDC Age: Completes Landmark Transaction Using Digital Dirham The Facts The United Arab Emirates (UAE) has executed one of its first payments using the country’s central bank digital currency (CBDC), the digital dirham. According to local media, the payment was expedited by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister, and Chairman of the Presidential…

Shocking news has emerged from the cryptocurrency world as the Trump family crypto holdings have suffered a devastating blow. Recent reports reveal that approximately $1 billion has evaporated from their digital asset portfolio since early September. This massive loss highlights the extreme volatility that even wealthy investors face in the crypto markets. How Did Trump Family Crypto Holdings Lose $1 Billion? The Bloomberg Billionaires Index tracks the dramatic decline in Trump family crypto holdings from $7.7 billion to their current level of $6.7 billion. The losses stem from multiple sources within their cryptocurrency portfolio. The family’s diverse exposure to digital…

The United States has added $2.1 trillion in new debt since the Department of Government Efficiency (DOGE) was formed on January 20, according to analysis circulating in the latest Kobessi Letter. The figure translates into a staggering $6.5 billion of debt every single day for 326 consecutive days. The Kobeissi Letter reported the big debt increase and said DOGE was shut down in a controversial move DOGE cut only small parts of the budget The Department of Government Efficiency promised to cut spending and save the United States between $1 trillion and $2 trillion when it first came to the…

Monthly NFT sales plummeted to $320 million in November, down 49% from October’s $629 million. Total market capitalization collapsed 66% from $9.2 billion in January to just $3.1 billion currently. The​‍​‌‍​‍‌​‍​‌‍​‍‌ non-fungible token industry keeps going lower and lower and recorded its worst performance in 2025 as the trading volumes declined across major collections. According to CryptoSlam analytics, monthly sales in November dropped to only $320 million, which is a dramatic 49% decrease from the October figure of $629 million. The cumulative market value of the sector has come down to $3.1 billion, which is a very large 66% fall…