Author: NBTC
Russia is preparing a bill that would specify the requirements and procedures for the confiscation of digital assets, taking into account the specific circumstances surrounding these actions. The Russian Ministry of Justice emphasized that anonymity and the lack of centralized control over these assets have hampered these efforts. Russia to Introduce Bill Specifying Procedures to Confiscate Digital Assets Russia is advancing in the digital assets regulation, preparing a bill that would regulate the confiscation of these assets. At the 13th St. Petersburg International Legal Forum, while examining the impact of new technologies in crime, the Ministry of Justice revealed that…
Sony, the Japanese electronics giant, announced the official launch of its blockchain mainnet, Soneium, on January 14. The platform aims to empower creators, such as artists, by fostering direct connections with their fans. Today is the day. Soneium Mainnet is LIVE! 💿Launched by Sony Block Solutions Labs (Sony BSL), a @Sony Group company, Soneium is a Layer 2 blockchain that empowers creators, fans, and communities to protect their rights, connect globally, and build an open internet that… pic.twitter.com/4pTxYdueHY — Soneium 💿 (@soneium) January 14, 2025 The launch builds on the success of the 2024 testnet, Soneium Minato, which processed over…
Economist and gold advocate Peter Schiff has intensified his criticism of U.S. President Donald Trump’s economic policies, particularly focusing on tariffs, fiscal management, and cryptocurrency initiatives. While he acknowledges that Trump’s presidency may have been preferable to alternatives like Kamala Harris, he argues that the administration’s economic missteps outweigh its accomplishments. Schiff objects to the extension of the 2017 Tax Cuts and Jobs Act, saying that it has led to a big rise in the US debt, which is now exceeding $36 trillion. Yesterday, he also criticized Treasury Secretary Scott Bessent for attributing the recent Moody’s credit downgrade to the…
USDT and USDC control over 85% of the $246.5B stablecoin market capitalization. DAI and USDe show high trading volumes despite relatively lower market capitalizations. Smaller stablecoins like USDO and USDY reflect increasing diversity in the stablecoin ecosystem. According to new data published by Phoenix Group, the total market capitalization of stablecoins reached $246.50 billion as of May 16, 2025. Stablecoins now account for 7.46% of the total crypto market, offering insight into the role these tokens continue to play in trading activity, liquidity provision, and decentralized finance systems. The report presents a detailed breakdown of the top-performing stablecoins by market…
The Australian Securities and Investments Commission (ASIC) is seeking leave to appeal a High Court decision that fintech company Block Earner’s Access product is not a financial product. The High Court in March 2024 dismissed ASIC’s allegations that Block Earner had engaged in unlicensed financial services by offering its decentralized finance (DeFi) product Access. ASIC is seeking clarification on how a financial product is defined which it feels should apply to all products whether they involve cryptocurrency or not. “The High Court will consider ASIC’s application on a date to be determined,” ASIC said in an announcement on Wednesday. The…
Usual stablecoin issuer just launched its USD0/USDC liquidity pool on Fluid DeFi protocol, allowing liquidity providers to earn dual yields from both lending and trading APRs. On May 19, an RWA-backed stablecoin protocol Usual announced the launch of its USD0/USDC liquidity pool on the DeFi protocol Fluid. The integration allows liquidity providers to earn lending APR, trading APR, and USUAL rewards on top. USD0-USDC DEX pool is now live on Fluid 🌊Deposit into the pool and earn lending APR, trading APR and $USUAL rewards on top.Boost your yields while backing @usualmoney USD0 liquidity pic.twitter.com/aswKVfaTu2 — Fluid 🌊 (@0xfluid) May 19,…
Wall Street’s momentum stalled Tuesday as investors pulled back from tech stocks and rising bond yields renewed pressure on equities. The Dow Jones Industrial Average fell 114.83 points, or 0.27%, while the S&P 500 dipped 0.39%, ending a six-day winning streak. The Nasdaq Composite slid 0.38% as chipmakers and megacaps retreated, led by losses in Nvidia, AMD, Meta, Apple, and Microsoft. The tech sector was the S&P 500’s worst performer, falling roughly 0.9%. The pullback follows a five-week rebound that lifted the S&P 500 more than 20% off its April low, driven by optimism around tariff de-escalation following President Trump’s…
Quack AI, a cutting-edge AI-driven governance platform, has announced its new collaboration with Morph, an advanced L2 network offering seamless Web3 scalability. The partnership targets to evolve smart governance across multichain networks and decentralized autonomous organizations (DAOs). The platform disclosed this exclusive initiative in a recent X post. Thrilled to announce our integration with @MorphLayerMorph is now live on Quackipedia — explore and ask anything:👉 https://t.co/3laj9up9mpAs part of the integration, Quack AI will provide decentralized AI governance infrastructure to support Morph and its growing ecosystem,… pic.twitter.com/JwWZ2SZiMu — Quack AI (@QuackAI_AI) May 16, 2025 Quack AI and Morph Collaborate to Advance…
Cardano founder Charles Hoskinson is considering initiating a community class action against people defaming the crypto project. In an X post yesterday, Hoskinson asked Cardano stakeholders, particularly ADA holders, developers, and dApp builders, whether they would consider joining a class action against those defaming the crypto project. He linked any potential legal action to the upcoming release of an audit report focused on the project’s 2017 initial coin offering (ICO) redemption process. NFT Artist Accuses Hoskinson of Misappropriating ICO Funds For context, tension has escalated within the Cardano community over the past few days. It started this week after NFT…
Fundstrat’s Tom Lee says that Bitcoin (BTC) is signaling bullishness for the stock market for one key reason. In a new interview on CNBC’s Squawk Box, Lee says that Bitcoin has soared back to levels not seen since before President Trump announced tariffs on April 2nd, suggesting stocks may soon print a massive recovery as well. “Yes, I think new highs are possible this year [for the S&P 500]. One reason is that companies have proven themselves to manage through shocks, and I don’t think investors give them enough credit. That happened with COVID. Companies survived. Companies survived a bullwhip…