Author: NBTC

U.S. Senator Ron Wyden, the top Democrat on the Senate Finance Committee, is continuing his inquiry into whether Dan Morehead, the founder of asset manager Pantera Capital, sought to avoid paying taxes through his move to Puerto Rico. Wyden’s probe into whether Morehead committed tax evasion began in January, and is focused on how the Pantera founder reported taxes on his share of proceeds after a large crypto sale by the firm. According to a press release, Wyden is specifically looking at whether Morehead “misrepresent[ed] his residency status” when Pantera generated over $1 billion in capital gains from crypto sales…

Singapore — Licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution (MPI), dtcpay has built its reputation on bridging traditional financial systems with onchain payments. Now, the company is deepening that mission through a strategic partnership with WalletConnect, the global standard for wallet-to-app connectivity.—The collaboration is a first for WalletConnect in Asia, making dtcpay its inaugural MPI partner in the region. With Asia among the fastest-growing markets for digital payments and stablecoin adoption, this partnership cements WalletConnect’s position as critical infrastructure for the financial internet.Making Stablecoins Work Like Everyday MoneyThrough the integration of WalletConnect’s infrastructure, dtcpay…

The European Systemic Risk Board has recommended a ban on multi-issuance stablecoins, a move that aligns with the European Central Bank’s campaign to limit their use. The core motivation is mounting concern over foreign influence and the protection of European monetary sovereignty. A Push for Sovereignty Over Stability The European Systemic Risk Board’s (ESRB) recommendation to ban multi-issuance stablecoins reflects mounting concern over foreign influence in Europe’s financial system. The proposal, which bans providers like Circle and Paxos from issuing identical tokens across jurisdictions while maintaining reserves in only one EU member state, fits with the European Central Bank’s (ECB)…

Bitfinex was established in the year 2012 and this is why it is one of the oldest existing crypto exchanges. iFinex Inc., which is located in the British Virgin Islands, owns the platform. Bitfinex has weathered numerous bear and bull markets in the last 13 years to emerge as a reliable place of business among professionals and institutions. Trading Volume Bitfinex is consistently in the top 10 exchanges based on the total trading volume in the world, with billions of dollars traded per day. As CoinGecko and CoinMarketCap statistics (2025) report, Bitfinex operates about $1B–2B of spot trading volume each…

Backed by bipartisan law and clear oversight, the GENIUS Act is fueling stablecoin innovation, safeguarding consumers, attracting investment, and reinforcing U.S. leadership in the global financial race. GENIUS Act Defended as Catalyst for Stablecoin Innovation and US Financial Leadership The debate over stablecoin regulation has intensified as U.S. banks and digital asset companies clash over the recently enacted GENIUS Act. The Blockchain Association announced on Sept. 29 that it is committed to defending the law, describing it as a landmark in financial policy that brings clarity to digital asset markets and strengthens the country’s position in global innovation. In a…

OKX crypto exchange has published its 35th proof of reserves, verifying it holds more than enough assets to cover user balances. Specifically, the assets are worth $37.7 billion, with Bitcoin, Ethereum, and stablecoins all backed at 100% or higher. The exchange reported 125,083 BTC in user assets, a 4,432 BTC addition from August’s numbers. In contrast, Ethereum holdings have reduced by 35,011, now standing at 1.7 million ETH. In addition, USDT balances were reduced by 248 million to 9.4 billion, representing a 2.56% monthly decrease. The most recent numbers show that all assets are fully backed by the exchange, which…

India’s Financial Intelligence Unit (FIU-IND) has issued notices to 25 offshore cryptocurrency exchanges for failing to comply with anti-money laundering (AML) rules, warning that access will be blocked unless they register under the Prevention of Money Laundering Act (PMLA), 2002. Offshore Platforms Face Market Block The exchanges flagged include CoinEx, BingX, PrimeXBT, Huione, Paxful, CEX.IO, BitMex, Bitrue, and CoinCola. According to the Finance Ministry, URLs and mobile apps linked to these platforms could soon be disabled for Indian users. Officials stressed that compliance obligations under PMLA are activity-based, meaning offshore platforms must register if they serve Indian customers, regardless of…

Wallet in Telegram is set to bring tokenized U.S. stocks to its users, with the native Telegram crypto wallet adding support for xStocks. Summary Wallet in Telegram has partnered with Kraken and Backed to bring tokenized U.S. stocks to users starting this October Rollout will also expand this to TON Wallet, the self-custodial wallet of the TON Blockchain. Wallet in Telegram has over 100 million signed-up users, while Telegram boasts a 1 billion user base. Wallet in Telegram says it will partner with crypto exchange Kraken and tokenized assets platform Backed to introduce more than 60 stocks and exchange-traded funds…

Armenian authorities have confirmed their plan to prohibit cash purchases of cryptocurrency in the country, starting from next year. A representative of the executive power in Yerevan indicated the intention is not to curb crypto turnover, but rather prevent anonymous transactions. Yerevan confirms upcoming ban on cash-crypto trade The Armenian government remains determined to impose a ban on the exchange of fiat cash for cryptocurrency, scheduled to take effect in 2026. Deputy Prime Minister Mher Grigoryan confirmed the cabinet’s official stance during parliamentary control in the National Assembly, Armenia’s unicameral legislature. Grigoryan was responding to a question by Arman Yeghoyan,…

Bullish (BLSH), the NYSE-listed digital assets platform focused on institutional investors and parent company of CoinDesk, will tentatively launch crypto options trading from Oct. 8. These bitcoin BTC$118,682.83 options will be margined and settled in the regulated, dollar-pegged stablecoin USDC, which boasts a market cap of $73.85 billion at press time, the second-largest in the stablecoin industry. Additionally, they will be European-style options with expiries ranging from three weeks to three months. The contract multiplier will be 1, meaning one contract represents one full BTC. The exchange plans to list options tied to ether, as well as other single assets…