Author: NBTC

Weaker stablecoin rules in the UK could risk financial stability and trigger a credit crunch, according to the Bank of England’s deputy governor, Sarah Breeden. “We have a different set of risks to manage as we transition to bringing in this new form of money,” Breeden’s told Reuters on Tuesday. Last week, she said that the UK can keep pace with the US on stablecoin regulation. Crypto industry leaders have criticized the BOE’s stablecoin consultation paper released on Monday, which proposed a relatively strict stance on stablecoin regulation in comparison to the US. One of the biggest criticisms was the…

Have you ever wondered what moves the crypto markets? A legendary trader known as ‘Won-yo-tti’ just made headlines by purchasing over $67 million in Ethereum, Solana, and Dogecoin on Upbit, sparking excitement and speculation among investors worldwide. This bold move by a legendary trader highlights the dynamic nature of cryptocurrency investments and their potential to influence market trends. Who Is the Legendary Trader ‘Won-yo-tti’? The identity of this legendary trader remains shrouded in mystery, but their reputation in South Korea’s crypto scene is undeniable. Known for making high-stakes trades that often precede significant market shifts, this legendary trader has built…

Gas fees on the Ethereum layer-1 blockchain dropped to just 0.067 Gwei on Sunday, amid a lull in the crypto markets sparked by October’s historic market crash. The average price for executing a swap on Ethereum is just $0.11, non-fungible token (NFT) sales carry a fee of $0.19, bridging a digital asset to another blockchain network will cost users $0.04, and onchain borrowing costs $0.09 at the time of this writing, according to Etherscan. Ethereum network transaction fees hit a recent high of 15.9 Gwei on October 10, the day of the market flash crash that caused some altcoins to…

In a historic effort, Japan’s largest financial institutions – Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC), and Mizuho Financial Group – are combining forces to initiate a shared endeavor to create a stablecoin. The goal is to act as a front line between the antiquated fiat currency world and the rapidly moving stage of the digital finance revolution. This new stablecoin will be pegged to the Japanese yen and the U.S. dollar, and will enable a stable and agile method of digital currency for global payment transactions. This is part of Japan’s banking industry efforts to modernize…

Kraken co-CEO Arjun Sethi argues that the U.K’s rules on the promotion of virtual assets is hurting the consumer experience and may deter potential users from investing in crypto. Summary Kraken co-CEO Arjun Sethi criticized the U.K financial regulators’ strict rules on crypto promotion, warning that excessive disclosure could deter user interest from investing in crypto entirely. The exchange ruled out offering tokenized private company shares, with Sethi calling the idea “terrible” and declining to comment on potential IPO plans. According to a report by the Financial Times, Kraken co-CEO Arjun Sethi warned that the U.K financial regulators’ cautious approach…

Alibaba is preparing to transform international business payments with a tokenised money system that could speed up B2B trade around the world. Partnering with JPMorgan, as reported by CNBC, the company will roll out a blockchain-based settlement network by December, aiming to eliminate payment delays and high transaction costs. The system will use stablecoin-like tokens backed by real bank deposits in US dollars and euros, making digital payments faster and more reliable for buyers and suppliers globally. Stablecoin settlement built for real trade Copy link to section The new payment network is designed to address some of the most pressing…

Ethereum price started a recovery wave above $3,350. ETH is showing positive signs but faces hurdles near the $3,720 resistance. Ethereum started a decent upward move above $3,350 and $3,400. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,720 zone. Ethereum Price Attempts Recovery Ethereum price managed to stay above $3,200 and started a recovery wave, like Bitcoin. ETH price was able…

Hong Kong-listed DL Holdings Group Limited and digital asset financial services provider Antalpha have announced a strategic partnership involving up to $200 million in investments across two distinct areas of the digital asset market. The initiative comprises a dual-track strategy focused on the tokenization of gold assets and the expansion of Bitcoin mining infrastructure, which the companies describe as an effort to connect traditional finance with the digital economy. Gold Tokenization Push: $100M Investment in XAU₮ As part of the new partnership, DL Holdings plans to acquire and distribute Tether Gold (XAU₮) — a tokenized gold asset issued by Tether…

a16z’s Michele Korver urges U.S. Treasury to adopt privacy-first crypto compliance using decentralized identity and zero-knowledge proofs. As the GENIUS Act rolls out, a16z calls for smart, privacy-preserving regulation—balancing security, innovation, and digital freedom. As the U.S. Treasury begins implementing the GENIUS Act, a landmark bill shaping the future of stablecoin and cryptocurrency regulation, Michele Korver, Head of Regulatory at a16z Crypto, has issued a powerful call for privacy-preserving innovation. In a detailed submission to the Treasury, Korver outlined how decentralized digital identity (DID) and zero-knowledge proofs (ZKPs) can revolutionize compliance, making the crypto ecosystem safer, more transparent, and less…

Kraken co-CEO Arjun Sethi remains unfazed by Bitcoin’s drop below $100,000 and stated that short-term price movements are less important than the asset’s long-term trajectory. In a recent conversation on Yahoo Finance, Sethi shared his perspective on cryptocurrency volatility and the exchange’s strategic direction. “Just like any other asset, the more it goes up, there’s speculation around it. When it goes down, you tend to get a little bit more negative news. But that’s across every asset class,” Sethi stated. He noted that Kraken operates across multiple jurisdictions including Australia, Canada, United States, UK, and Greater Europe and provides access…