Author: NBTC

Chia Der Jiun, the Managing Director at MAS, has announced that Singapore plans to rein in stablecoin laws and experiment with tokenized bills. Chia highlighted that the MAS has established a vibrant FinTech sector comprising over 1,800 FinTech firms across different domains. Chia stated that MAS launched the BLOOM initiative to support the industry’s trials with tokenized bills and regulated stablecoins for settlement. He invited FIs (Financial Institutions), as well as clearing and settlement network operators, to help conduct trials under this initiative. He noted that three Singapore banks, including DBS Bank, United Overseas Bank (UOB), and Oversea-China Banking Corporation…

Russia is reinstating a ban on cryptocurrency mining in two of its regions in Siberia, which will remain in place until the spring. The restrictions are aimed at avoiding electricity shortages in the territories during times of peak consumption in the cold winter. Russia shutting down crypto farms in Buryatia and Transbaikal Russian authorities are reintroducing a mining ban in the Republic of Buryatia and Zabaykalsky Krai (Transbaikal) for the fall and winter periods. The prohibition on the crypto-related activity comes into effect on November 15 and will be in force until March 15, 2026, Russian media reported. The RIA…

Opinion Labs, a platform with more than 1.6 million users and 1.8 billion in cumulative trading volume, is working together with Chainlink Functions to put real-world macroeconomic data directly on-chain. The collaboration is a bridge between the traditional finance space and decentralized prediction markets, democratizing information on global economic intelligence for retail traders. Democratizing Access to Economic Data Opinion Labs has established itself in the arena of macroeconomic events. Users trade in inflation data, interest rate decisions, employment data, and geopolitical developments that impact the world economy. Each of these indicators are the same data points that institutional investors pay…

A distinct shift in Ethereum’s spot order activity suggests large investors are accumulating the asset at discounted prices, reflecting behavioral changes that have historically signaled potential trend reversals.  So-called whales, holding 10,000-100,000 ETH, have increased their balances by 7.6 million tokens since late April, a 52% increase. At the same time, retail wallets holding 100 to 1,000 ETH have sold off, reducing their holdings by 16%, according to CryptoQuant data. The metric measuring higher-than-average spot volumes for executed trades was observed multiple times after Ethereum dropped to $3,000 in early November. The pattern often marks “the start of trend reversals…

AI-focused Web3 entertainment and infrastructure firm Astra Nova has raised $48.3 million to grow its suite of tokenized content tools and creator platforms. The funding includes $41.6 million from a recent strategic round and builds on earlier investments led by Outlier Ventures as well as family offices and institutional investors in Saudi Arabia, the United Arab Emirates, and Bahrain, according to an announcement shared with CoinDesk. The company develops tools that allow creators to launch blockchain-based entertainment experiences without needing technical skills. TokenPlay AI, its flagship product, acts as a no-code launchpad for mini-apps. Powered by Alibaba Cloud, it enables…

In a groundbreaking move that signals growing institutional confidence, Anthony Scaramucci has spearheaded a massive $220 million funding round for American Bitcoin’s mining operations. This substantial investment represents one of the most significant Bitcoin mining deals of 2023, bringing together prominent financial leaders and political figures in a powerful demonstration of Bitcoin’s mainstream acceptance. Who Are the Key Players in This Bitcoin Mining Investment? Anthony Scaramucci, the founder of SkyBridge Capital, joined forces with his son AJ Scaramucci through their investment firm Solari Capital to lead this transformative Bitcoin mining initiative. The Scaramucci family demonstrated remarkable commitment to this Bitcoin…

Newtown, Pa. — Solana Company (NASDAQ: HSDT), a publicly listed neurotech and digital asset treasury firm, has announced plans to tokenize its HSDT shares on Superstate’s Opening Bell, a regulated onchain issuance platform for tokenized equity and funds.—The move marks a milestone in Solana Company’s effort to modernize access to public markets through regulated blockchain infrastructure. Upon launch, shareholders will be able to hold, trade, and transfer tokenized HSDT shares directly on Opening Bell — gaining the benefits of real-time settlement, 24/7 liquidity, and transparent onchain ownership while maintaining full compliance with existing securities regulations.Bringing Public Markets OnchainThe partnership reflects…

Ethereum is attempting to recover after facing a persistent month-long downtrend that has kept its price movement restricted. The second-largest cryptocurrency by market capitalization is now testing a key resistance level. However, the potential support from long-term holders (LTHs) could help ETH break through this bearish phase. Ethereum Holders To The Rescue The HODLer Net Position Change indicator, which measures the balance between selling and accumulation, is shifting from decline to incline. This suggests that Ethereum’s long-term holders are gradually reducing their selling activity. Historically, this group has played a crucial role in stabilizing prices, as its behavior often dictates…

Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement. While acknowledging support of Nasdaq’s move toward tokenization, Ondo warned…

The China Supreme People’s Court has introduced a new framework for handling virtual currency related cases. This signals a deeper effort to regulate digital assets and strengthen cybersecurity. The announcement came during the Eighth National Criminal Trial Work Conference. Where officials outlined new measures to tackle cybercrime, data violations and cross-border online gambling. The Court emphasized that these changes are part of a broader initiative to ensure fairness. With legal consistency and security across China’s fast evolving digital economy. Virtual Currency Cases Get Judicial Clarity One of the major highlights of the new directive is the Court’s focus on how…