Author: NBTC

The US state of New York is seeking to tax the sales and transfers of crypto and non-fungible tokens (NFTs) under a bill introduced in the state’s Assembly. Assembly Bill 8966, introduced on Wednesday by Democratic Assemblymember Phil Steck, would add a 0.2% excise tax on “digital asset transactions, including the sale or transfer of digital assets.” The bill, if passed, would take effect immediately and apply to all sales and transactions starting Sept. 1. If enacted, the bill could bring in significant tax revenue for the state, as New York City is the world’s largest financial and fintech hub…

Former Binance dealmaker Ryan Horn has joined the advisory board of Hilbert Group, a Sweden-based, publicly listed digital asset manager, to support the rollout of Syntetika, its onchain platform for tokenized assets and funds. At Binance, Horn secured high-profile partnerships, including a deal with football star Cristiano Ronaldo. Hilbert Group manages crypto-focused investment products for institutional and professional investors. Through algorithmic trading strategies, it applies a traditional asset management structure to digital asset markets, including regulated oversight and fund governance. Syntetika, now in development, will issue and trade tokenized funds under regulatory oversight. It will integrate Galactica’s zero-knowledge system to…

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. Do Kwon’s Guilty Plea On August 12, 2025, the United States Attorney’s Office for the Southern District of New York announced that Do Hyeong Kwon, the co-founder and former CEO of Terraform Labs PTE, Ltd., pled guilty in Manhattan federal court to charges arising from one of the largest financial frauds in cryptocurrency history. Kwon admitted to one count…

The world of cryptocurrency is often full of surprises, and recent reports about Trump crypto earnings certainly fit that description. According to an estimation by The New Yorker, former President Donald Trump has amassed an astonishing $2.4 billion from various crypto-related ventures since 2022. This figure highlights a significant financial intersection between politics and the rapidly evolving digital asset space, prompting widespread discussion and analysis. Unpacking the Sources of Donald Trump’s Cryptocurrency Fortune The reported Trump crypto earnings are not from a single source but rather a diverse portfolio of digital assets and related businesses. This remarkable accumulation of wealth…

Instead of creating a broad exemption framework for cryptocurrency exchanges, the South African central bank plans to release a new framework later this year focused on cross-border crypto asset transfers. Key Details of Proposed Framework South Africa is taking significant steps towards regulating cryptocurrency transactions, as highlighted by Finance Minister Enoch Godongwana’s recent statements. Rather than drafting a comprehensive cryptocurrency exchange control exemption framework, the South African Reserve Bank (SARB) is set to publish a new framework later this year that will specifically address cross-border crypto asset transfers. According to a report, Godongwana’s remarks came in response to inquiries from…

Stocks gained on Tuesday following the release of the latest inflation data for the United States, with the Dow Jones Industrial Average jumping more than 500 points and both S&P 500 and Nasdaq Composite edging towards record highs. Summary U.S. stocks inched higher as investors reacted to latest inflation data. The S&P 500 broke above 6,400 and looked to close above this mark for the first time ever. The Dow Jones Industrial Average and Nasdaq also rose. The Dow Jones Industrial Average was up nearly 500 points, and the S&P 500 gained 1.1% to signal a fresh bullish flip for…

The U.S. Securities and Exchange Commission is looking at custody rules for digital assets, including how broker-dealers, asset managers and investment advisers can deal with cryptocurrency transactions, its head said Friday. SEC Chair Paul Atkins, speaking about his recently announced Project Crypto on Fox Business’ “Mornings With Maria” program, said the agency was “mobilizing at the SEC all our different divisions and offices” to implement President Donald Trump’s crypto working group’s recommendations to make the U.S. a more crypto-friendly nation. This includes adjusting rules “that have been around for 90 years or so,” he said. “We don’t want the crypto…

US Treasury Secretary Scott Bessent made noteworthy assessments of the FED in his statements to Fox Business. Bessent argued that the Fed should have cut interest rates in June, given accurate economic data. Bessent, who stated that the Trump administration is “open-minded” in selecting the Fed Chair, said they are looking for a vision for restructuring the institution in the new presidential candidate. He stated that the current Fed faces a “fundamental problem” and that a 50 basis point interest rate cut should be considered at the September meeting. Bessent also expressed hope that Miran, from the Council of Economic…

Coinbase’s Jesse Pollak set off a debate on Crypto Twitter after suggesting that Fortnite’s in-game economy could be “10x better onchain.” In a post on X, Pollak, who heads Base, Coinbase’s Ethereum layer-2 network, argued that moving a title like Fortnite on-chain would unlock new opportunities for both companies and players. “For the company: because then their entire economy is open for anyone else to build on,” he wrote. “There’s billions of dollars of value here – opening that up as a platform will unlock creativity a single company can’t imagine. For the players: because then they actually own their…

Near Protocol, a PoS blockchain network, today announced its strategic alliance with IQ AI, a network powering a system of autonomous AI agents developed to serve the needs of Web3 users. With this joint venture, Near Protocol aims to widen its AI-powered solutions within its distributed ledger network, seeking to improve its crypto infrastructure through automation and advanced virtual asset management. Based on this important collaboration, Near Protocol integrated IQ’s ATP (Agent Tokenization Platform) into its PoS network to improve the blockchain’s efficiency, security, and transparency of AI-driven financial operations and control. Partnered with @NEARProtocol to bring autonomous cross-chain capabilities…