Author: NBTC

The top Democrat on the Senate Finance Committee has accused a prominent crypto investor of refusing to cooperate with an investigation into an alleged billion-dollar tax evasion scheme running through one of the digital asset community’s most popular enclaves: Puerto Rico.  Sen. Ron Wyden (D-OR) first opened an investigation into the finances of Pantera Capital founder Dan Morehead in January, as part of a broader inquiry into how “ultra-high net worth” Americans have used Puerto Rican residency as a means to obtain lucrative tax exemptions.  Wyden had not previously publicly announced that investigation until now, however. This week, the senator…

Crypto platform Bullish (BLSH) has officially launched spot trading in the United States after securing both a BitLicense and a money transmission license from the New York State Department of Financial Services (NYDFS) last month. Trading is now live in 20 U.S. states and territories, including California, New York, and Washington, D.C. Though new to U.S. users, Bullish has operated internationally since late 2021 and has already processed over $1.5 trillion in cumulative trading volume, the exchange said. The crypto platform, which owns CoinDesk, went public on the New York Stock Exchange (NYSE) in August. The stock is currently trading…

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…