Author: NBTC

A major controversy has rocked the Cardano ecosystem following reports that Optim Finance launched a smear campaign against Cardano and its founder, Charles Hoskinson. In a series of X posts, Hoskinson claimed that the popular decentralized finance protocol misused about eight figures of customers’ ADA tokens in a slanderous effort against the broader Cardano ecosystem. $600M Misappropriation Claim Part of this smear campaign links to an earlier claim that over $600 million worth of ADA had been stolen from the Cardano network. As previously reported, NFT artist Masator Alexander made this allegation earlier this month. Alexander suggested that Hoskinson inserted…

South Korea’s Presidential Transition Committee has confirmed it is not conducting detailed reviews of banking sector proposals to ease digital asset regulations and expand nonbanking business opportunities. Committee spokesperson Cho Seung-rae explained that the panel continues to sort through various proposals and align them with existing policy frameworks and campaign pledges. He also added that stablecoin measures receive no special consideration during this organizational phase. The Korea Federation of Banks has actively lobbied the new administration for regulatory overhauls that would enable greater banking participation in the digital asset sector. Their compiled proposals emphasize that virtual assets currently exist outside…

The U.S. housing market is bracing for a potential shakeup by the crypto industry. On Wednesday, the Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to begin preparing to accept crypto as a form of mortgage-related payment. The directive, announced on X by FHFA Director William Pulte, marks the first major move to incorporate digital assets into the federal mortgage system. Fannie Mae and Freddie Mac are U.S. government-backed firms that buy mortgages from lenders, package them into securities, and guarantee payments to investors. The announcement comes two days after Pulte said he instructed the companies to study…

In the rapidly evolving landscape of digital finance, a company’s strategic management of its treasury assets is a powerful indicator of its long-term vision and resilience. Canadian cryptocurrency mining powerhouse, HIVE Digital Technologies, recently captivated the market with an announcement that vividly illustrates its robust financial health and astute foresight. As the fiscal year 2025 concluded, HIVE Digital proudly disclosed an impressive $181.1 million in digital asset holdings, a substantial portion of which is anchored by a significant 2,201 Bitcoin. This pivotal revelation offers more than just a financial snapshot; it provides profound insights into the operational prowess and sophisticated…

Digital asset firm Taurus SA has officially deployed its first private stablecoin contract. The contract is build on the Aztec network, combining zero-knowledge proofs and compliance. According to a press release sent to crypto.news, what sets the token apart from the mainstream legacy stablecoins is its private contract which encrypts all balances and transfers. Apart from the user, the smart contract only allows authorized parties like issuers and regulators. The feature prevents third parties from monitoring crypto wallets, reverse-engineering investment strategies, or physically targeting users for their high-valued holdings. Private stablecoin contracts enable financial institutions to issue stablecoins for payment…

Avalanche and Filecoin now enable on-chain smart contracts to store off-chain data with verifiable proofs. The cross-chain data bridge helps developers reduce load while keeping performance high on Avalanche. Imagine being able to store large files like audit logs, NFT metadata, or KYC documents directly on a decentralized network—without slowing down the main chain. That’s the latest collaboration between Avalanche and the Filecoin Foundation. They’ve launched a cross-chain data bridge that allows smart contracts on Avalanche to store data directly to Filecoin, complete with on-chain verifiable proof of storage. This move isn’t just a feature addition. Avalanche brings the speed…

LONDON, June 24 (Reuters) – The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies. The BIS, often dubbed the central bankers’ central bank, outlined its concerns, including stablecoins’ potential to undermine monetary sovereignty, transparency issues and the risk of capital flight from emerging economies. It comes less than a week after the U.S. Senate passed a bill to create a regulatory framework for U.S.-dollar-pegged stablecoins, a move which, if rubberstamped by the House, is expected to fuel a further explosion in…

Coinbase has launched wrapped versions of Cardano ADA and Litecoin LTC tokens on its layer-2 network, Base. The exchange disclosed this on X, months after it first said that the altcoins would have wrapped assets. According to the post, cbADA and cbLTC are ERC-20 tokens fully backed by ADA and LTC in Coibase custody. By enabling wrapped versions of these tokens, the exchange wants to enable their holders to use them within the Base ecosystem. It said: “cbADA and cbLTC are now live on @base. cbADA and cbLTC are ERC-20 tokens backed 1:1 by ADA and LTC held in custody…

Bitcoin miner revenues have slid to their lowest levels in two months, but there’s still no sign of forced selling, even as profitability falls.Daily mining revenue dropped to $34 million on June 22, the weakest since April and among the lowest levels over the past year, CryptoQuant said in a weekly report shared with CoinDesk. The drop comes as transaction fees decline and bitcoin hovers near local lows, reducing overall incentives for miners to stay online. Hashrate has dipped 3.5% since June 16, marking the most significant pullback in network computing power since July 2024. While modest, it reflects mounting…

Moca Foundation has announced the launch of Moca Chain, a Layer 1 blockchain focused on digital identity and user data. The chain will allow people, devices, and AI systems to manage and verify their digital credentials without using centralized platforms. The testnet is expected in Q3 2025, and the mainnet will follow in Q4 2025. Moca Chain will support verification of both on-chain and off-chain data across different blockchains. It will use decentralized storage, a cross-chain identity oracle, zkTLS (a method to prove web data), and on-chain verification. It is EVM-compatible and will use MOCA Coin for transaction fees, staking,…