Author: NBTC

Enterprise blockchain company Ripple has responded to a request for information from the U.S. Senate Committee on Banking, Housing, and Urban Affairs, which is led by Senator Tim Scott, regarding the digital asset market structure. Ripple claims that it supports the effort to establish a clear regulatory framework for digital assets. That said, the company has criticized the recently released draft market structure bill for creating more ambiguity instead of bringing much-needed regulatory clarity. The company has noted that the bill gives the SEC too much power since it could regulate the majority of tokens as traditional securities. This includes…

AGI Open Network, a popular decentralized AI platform, has commenced a new partnership with Memebridge, the cost-efficient omnichain swap forum for seamless transactions across chains. The main objective of the collaboration is to advance AI solutions to offer unparalleled cross-chain functionality. As per AGI Open Network’s announcement on X, this partnership endeavors to combine its decentralized AI agents and the cheap bridging solutions provided by Memebridge. Hence, this integration will reportedly unlock exclusive possibilities for AI monetization and deployment. 🥳 We’re excited to announce our strategic partnership with @MemebridgeB!🎯 Memebridge is the cheapest omnichain swap enabling seamless, low-fee cross-chain transfers…

Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries, including direct holdings and instruments like money market funds and overnight reverse repurchase agreements, rose past $127 billion as it issued more than $13 billion of USDT in the quarter. The company said it booked year-to-date recurrent profits of $3.1 billion, and another $2.6 billion…

NEW YORK — The Manhattan jury tasked with deciding Tornado Cash developer Roman Storm’s fate told the court on Wednesday morning that they were deadlocked, unable to reach a unanimous verdict on at least one of the charges. The note to District Judge Katherine Polk Failla of the Southern District of New York came on the fourth day of jury deliberations. According to reports from Inner City Press, Storm’s lawyers suggested that the court accept a partial verdict, while prosecutors requested that the jury be given an Allen charge — essentially, an instruction from the court to continue deliberating in an…

According to local media reports, the Brazilian central bank had to abandon the decentralized element of the CBDC to deliver a solution in 2026, in part due to the immaturity of the privacy solutions presented. Brazilian CBDC to Ditch Blockchain in Effort to Launch in 2026 The Central Bank of Brazil aims to accelerate the development of a central bank digital currency to deliver a working solution as soon as possible. According to local media reports, drex, the Brazilian Central Bank Digital Currency (CBDC), will abandon most of its tokenization and blockchain elements, targeting a launch date in 2026. Fabio…

Chainlink has joined Plexos Institute and EDinheiro in a project to expand financial access in Brazil through locally issued blockchain social currencies. The partnership will begin in Indiaroba, Sergipe, with the launch of the Aratu currency, serving a community of about 18,000 residents, many of whom earn incomes from small-scale shellfish harvesting. Social currencies are issued by municipal or community banks and used for local payments and aid distribution. EDinheiro’s platform, which already supports more than 180 social currencies in Brazil, will handle the issuance and management of Aratu. Chainlink’s technology will provide secure links between local data systems and…

NEW YORK — Tornado Cash developer Roman Storm has been found guilty of conspiring to operate an unlicensed money transmitting business, a Manhattan jury decided Wednesday. The jury was unable to reach a unanimous verdict on the remaining charges, conspiracy to commit money laundering and conspiracy to violate international sanctions, despite four days of deliberations after the three-week trial. A sentencing date has not yet been set, and it is currently unclear whether prosecutors will elect to re-try Storm on the remaining charges. Prosecutors told the court on Wednesday afternoon that they will confer internally and decide. Storm was arrested in…

XPayFi, a popular platform offering blockchain-led payment solutions, has officially partnered with Join, a rising Web3 platform devoted to merging social media, gaming, and crypto payments into one tokenized ecosystem. The collaboration is set to deliver an inclusive and streamlined Web3 experience by merging the strengths of both the entities. According to XPayFi’s official announcement on X, the joint endeavor underscores a significant contribution toward shaping another epoch of Web3 innovation. Thus, users can expect increased adoption of blockchain-led interactions along with accelerated integration of financial technologies. XPayFi and Join Partnership Delivers Unified Web3 Ecosystem In partnership with Join, XPayFi…

Key Takeaways Senator Marsha Blackburn, a Bitcoin advocate, announced her campaign for Tennessee governor. Blackburn supports crypto innovation and has co-sponsored legislation favoring Bitcoin adoption. Senator Marsha Blackburn, a prominent supporter of Bitcoin and crypto innovation in the US, declared her candidacy for Tennessee governor today, eyeing a historic win as the first female in the role. It’s official! I’m running for Governor to ensure Tennessee is America’s conservative leader for this generation and the next. I would be honored to have your support. #TNGov pic.twitter.com/5PNN8MkTJQ — Marsha Blackburn (@VoteMarsha) August 6, 2025 “We’ll make Tennessee America’s number one job-creating,…

Kommunitas Official is excited to announce the launch of BluBird’s Initial Kommunity Offering (IKO) on its Launchpad today at 9 AM UTC. Blubird is renowned as an all-in-one tokenization platform, supporting more than 700 projects to date. These projects include $54 billion of tokenized assets with an impressive awaiting deployment of $2 trillion pipeline. Hi $KOMmunity!@blubird_app IKO goes live today, 9 August at 9 AM UTC on Kommunitas Launchpad!Powering 700+ projects with $54B tokenized and $2T in the pipeline.🔹 All-in-one tokenization platform🔹 End-to-end workflow from token design to RWA registries🔹 Automates… pic.twitter.com/gETzIyjTZh — Kommunitas Official (@kommunitasnet) August 9, 2025 The…