Author: NBTC

A significant shift is underway in the traditional financial world. The Royal Bank of Canada (RBC) has made a notable move, substantially increasing its RBC crypto investment. This development highlights a growing trend among major financial institutions embracing digital assets. It’s a clear signal of evolving perspectives on the future of finance. Royal Bank of Canada’s Astounding 16% Surge in Bitcoin Holdings In a move that has captured attention, the Royal Bank of Canada significantly boosted its holdings in Strategy shares. During the second quarter, RBC’s stake rose by approximately 16%. This increase took their total shares from 162,909 in…

Japan’s Financial Services Agency (FSA) has disclosed the outline of its 2026 tax reform request, which includes proposals to revise cryptocurrency taxation and expand the Nippon Individual Savings Account (NISA) framework. According to Kyodo News, the FSA’s reform request includes reviewing tax rules for cryptocurrency trading, such as Bitcoin. FSA Proposes Revisions to Cryptocurrency Taxation Individual crypto gains are subject to comprehensive taxation, which combines profits with salary income and potentially reaches a maximum tax rate of 55%. The FSA and industry associations are advocating for the introduction of separate self-assessed taxation, or “declaration-based capital gains tax,” which would apply…

After nearly a month in the green, Ethereum price has come with the market’s second-largest cryptocurrency reversing sharply from its recent highs. Summary Ethereum price has dropped 5% in the past 24 hours, extending a 10.6% decline from this month’s peak above $4,759. Over $870 million in leveraged crypto positions were liquidated in the past day, with ETH alone accounting for $210.6 million. Profit-taking is accelerating among both institutional and retail investors, adding to selling pressure. The price of Ethereum (ETH) has seen it slip approximately 5% over the past 24 hours, trading slightly under $4,255 at the time of…

JPYC Inc., a Tokyo-based fintech, has secured regulatory approval to issue Japan’s first yen-denominated stablecoin and will launch a new issuance and redemption platform dubbed “JPYC X” in the coming weeks. The announcement marks a breakthrough for Japan’s digital asset industry as it adapts to new legislation designed to bring stablecoins under financial regulation. Japan’s First Licensed Yen Stablecoin In Tuesday afternoon’s press conference, the company said it received registration as a “funds transfer service provider” under Japan’s amended Payment Services Act, enabling it to issue the electronic money token directly backed by yen. JPYC will issue the token on…

US prosecutors appealed the sentences of time served given to the co-founders of HashFlare, a crypto mining service and $577 million Ponzi scheme. Prosecutors told a Seattle federal court on Tuesday that the government was appealing the sentences handed down earlier this month to Sergei Potapenko and Ivan Turõgin. Potapenko and Turõgin were in custody for 16 months in their native Estonia after their arrest in October 2022 and were extradited to the US in May 2024, where they pleaded guilty to conspiracy to commit wire fraud. The government had argued that the pair should get 10 years in prison,…

Ethereum risks over $1 billion liquidation if price falls below $4,000 support zone. Liquidation trackers show $536 million wiped out, with Ethereum leading at $212.9 million. Ethereum’s breakdown may trigger a wider crypto sell-off, putting entire market under serious pressure. Ethereum (ETH), the second-largest cryptocurrency, has seen a sharp pullback, dropping nearly 5% to around $4,270. The dip came as traders reacted to global economic news, shifting Federal Reserve expectations, and a wave of liquidations that shook the market. With ETH now hovering around $4200, a drop could lead to $1 billion in liquidation and more, which could lead to…

CoinDCX CEO Sumit Gupta believes Web3 could become a cornerstone of India’s digital economy. In a post on X, Gupta projected that the sector could add $1.1 trillion to India’s GDP by 2032. He pointed to the country’s growing developer base and startup ecosystem as evidence of its readiness to lead. India already has more than 1,000 Web3 startups. The country also accounts for over 12% of the world’s crypto developers, according to Gupta. These numbers, he argued, show that India can build its own blockchain protocols, wallets, and exchanges instead of depending on global players. Gupta described Web3 as…

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. A Look at RWA Regulatory Policy The tokenization of real-world assets (RWAs) has emerged as one of the most promising applications of blockchain technology. By representing traditional assets—such as real estate, commodities, or financial instruments—on-chain, tokenization offers the potential for greater liquidity, fractional ownership, and more efficient settlement. Yet despite its appeal, the legal landscape remains complex, particularly as…

Due to the exit of large holders from leveraged positions, Ethereum market sentiment could be on the verge of a switch. Whale address 0x89Da has recently closed a sizable long position of 21,683 ETH, which is worth roughly $93 million, according to on-chain data. Losses piling up For one of the more active addresses in the derivatives space, the trade resulted in a significant hit with a realized loss of approximately $6.6 million. The same whale indicated a full withdrawal from Hyperliquid after the closure by withdrawing all 9.6 million USDC. Due to Hyperliquid’s popularity as a venue for leveraged…

FOMC’s August 20 meeting could shape crypto market direction, with traders watching closely. Meanwhile, CME FedWatch Tool shows 83% chance of a 25-basis-point rate cut soon. However, Powell’s Jackson Hole speech may clarify Fed’s stance, fueling crypto optimism or disappointment. The upcoming Federal Reserve meeting on August 20 could decide how the crypto market moves in the weeks ahead. On top of it, Fed Chair Jerome Powell’s Jackson Hole speech may hint at a possible September rate cut. Many crypto experts are now wondering how digital assets might react to the Fed’s next decision. Fed Signals a Rate Cut Is…