Author: NBTC

Key Takeaways Stephen Miran will appear before the Senate Banking Committee today for his confirmation hearing as President Trump’s nominee to the Federal Reserve Board. Miran’s confirmation could impact Fed policy decisions ahead of the September rate-setting meeting. The Senate Banking Committee will hold an open hearing at 10 a.m. today on the nomination of Stephen Miran to the Federal Reserve Board of Governors. Miran, currently leading the Council of Economic Advisers, was put forward by President Trump to fill the vacancy left by Adriana Kugler. The hearing comes amid Trump’s push to bring the central bank under closer White…

Crypto custody heavyweight Fireblocks has unveiled its own payments network to help participants move stablecoins around. The Fireblocks Network for Payments is designed to combine on- and off-ramps, liquidity providers, banks and stablecoin issuers with higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems. The network’s participants already number more than 40 and include Circle (CRCL), developer of USDC, and stablecoin platform Bridge. Fireblocks described the new network as a stablecoin equivalent to SWIFT, which enabled banks around the world to more easily send money across borders, in an announcement on Thursday. The…

Bitcoin may look untouchable, but quantum hardware has already shown the beginning of its end. The question is no longer if but when. Summary A researcher using IBM’s 133-qubit machine cracked a six-bit elliptic curve key, proving Shor’s algorithm works on real hardware beyond theory. History shows cryptographic systems once considered secure, from Enigma to DES to SHA-1, eventually fell as computing methods advanced. Bitcoin relies on 256-bit elliptic curve cryptography, which remains unbreakable today, but quantum computing threatens to reduce that strength to a solvable problem. Experts estimate billions of physical qubits would be needed to break Bitcoin’s keys,…

Hemi Network, a Bitcoin Layer-2 network, today announced a strategic collaboration with Owlto Finance, a decentralized cross-rollup bridge designed for Layer-2 solutions. This partnership is a mutual relationship as it aims to benefit the strength of these two companies. For Hemi Network, this alliance marks an important move that enables it to expand its transaction services and interoperability capability within the broader on-chain Layer-2 ecosystem. For Owlto Finance, it leverages this partnership to widen its network growth and user adoption. Hemi Network is a Layer-2 network aiming to unlock the value of Bitcoin for DeFi applications. On the other hand,…

While Ethereum (ETH) validators are unstaking their treasuries en masse, other groups are rushing into the ETH validation ecosystem. This imbalance might signal about mixed sentiment in the large ETH wallets’ segment. $7 billion stuck in Ethereum (ETH) validator queue The Ethereum (ETH) validation entry queue — the list of potential validators interested in staking their holdings in order to obtain periodic rewards — started rapidly surging. In just two days, it added over 400,000 ETH and hit a multi-month high over 644,000 Ethers. As a result, it takes over 11 days now to withdraw ETH allocations from staking. The…

As is known, US President Donald Trump recently announced that he dismissed FED member Lisa Cook for making false statements in mortgage agreements. Lisa Cook filed a lawsuit today challenging President Donald Trump’s decision to remove her from office. Cook argued that the White House lacked the authority to do so and insisted she wanted to keep her position. As tensions between the two continue, nearly 600 US economists signed a letter supporting Lisa Cook against Donald Trump’s impeachment attempt. According to CNBC, 600 US economists said they support Lisa Cook’s independence and the Fed’s institutional independence. “Sound economic policy…

The UK’s HM Treasury released a draft of proposed changes to current money laundering regulations this week that address loopholes and evolving risks, including stricter requirements for crypto businesses. “[The updates aim] to deliver a more risk-based, proportionate regime that is robust against financial crime whilst remaining workable for industry,” according to the draft document. “The government has also committed to improve sectoral guidance on AML/CTF compliance on a range of issues, and to publish separate guidance on the use of digital identity verification for AML/CTF purposes.” AML and CTF are finance industry shorthand for anti-money laundering and counter-terrorist financing.…

The landscape of electric vehicle (EV) charging is undergoing a significant transformation. In a groundbreaking move, Nasdaq-listed Blink Charging has announced its intention to accept cryptocurrency payments for its services, signaling a bold step into the future of digital transactions. This development positions Blink Charging at the forefront of innovation, making EV charging crypto payments a reality for countless drivers. It’s a game-changer that merges the burgeoning worlds of electric mobility and decentralized finance, promising a new era of convenience and accessibility for EV owners. What’s Driving the Shift to EV Charging Crypto Payments? Blink Charging’s decision reflects a growing…

Eternal AI has now officially adopted the Hermes-4-70B, an open-source reasoning platform aimed at free conversations with the AI and higher-order AI features. The weights of the model are saved on Filecoin with Lighthouse, a widely used decentralized storage protocol that can store weights on AI, DePin, and NFT data. The migration underscores the growing importance of decentralized infrastructure to the protection of some of the most valuable AI models. As the distributed storage industry is driven by the Filecoin marketplace, Eternal AI intends to keep the developer and researcher portals open to all. Store AI Models With Filecoin Filecoin…

The growth and evolution of DeFi has been defined by one recurring truth: chasing yield is complicated. Users are constantly bridging assets, juggling chains, managing LP positions across protocols, and trying to time markets — all while bearing the ever-encroaching risk of impermanent loss and APR dilution. Innovative DeFi protocol StratEx was created to resolve those pain points and put an end to user headaches for good. With its debut launch on QuickSwap via Base Chain, StratEx is making that mission clearer than ever, with the best strategies in DeFi in one vault, on one platform, on one chain. The…