Author: NBTC

South Korean BDACS’ official stablecoin, KRW1, will be issued on Circle’s blockchain Arc. This marks the second integration for the stablecoin after its initial launch on Avalanche. Summary South Korean firm BDACS has partnered with Circle to launch its Korean won-backed stablecoin, KRW1, on Circle’s new Arc blockchain, aiming to expand South Korea’s reach into the global stablecoin market. Fully backed by the Korean won and verified through Woori Bank, KRW1 represents South Korea’s growing push toward regulated digital assets as the government prepares new stablecoin legislations. According to a recent report by Yonhap News, South Korean digital asset company…

As Coinbase leans into its Bitcoin-backed lending product, the exchange is offering customers competitive rates by connecting them with lightly vetted pools of capital, which don’t require people to provide personal information before funds are disbursed to Americans. Although the exchange’s competitors have attained state-by-state licenses to provide similar services, Coinbase’s product isn’t subject to the same potential barriers because the company is acting as a technology provider—and not lending customers’ assets itself. Instead of doing business with Coinbase, the exchange’s customers, through Coinbase’s mobile app, are depositing funds into decentralized finance protocol Morpho. On Morpho’s platform, they can post…

Ripio launches wARS, a stablecoin pegged 1:1 to the Argentine peso on Ethereum and other major blockchain networks. A political investigation into the LIBRA meme coin promoted by President Milei advances to Argentina’s Supreme Court. The Argentine cryptocurrency platform Ripio confirmed the introduction of stablecoins backed one-to-one by major Latin American fiat currencies. Its initial offering centers on the Argentine peso. This digital asset, named wARS, maintains a fixed value equivalent to one Argentine peso. The token currently operates on the Ethereum, World Chain, and Base networks. The company also previewed additional Latin American stablecoins scheduled for future release. A…

Regulator Mike Selig has been nominated to serve as the next chairman of the U.S. Commodity Futures Trading Commission. In his social media post, Selig stated that he would help to make the US “the crypto capital of the world,” echoing the pro-cryptocurrency talking points of some other US government officials. “Chairman Selig is going to do a great job at the CFTC. I have full confidence in his ability and leadership,” he said. Pro-XRP stance Notably, Selig is a vocal supporter of XRP. He repeatedly showed support for the popular altcoin while Ripple was in the middle of a…

The cryptocurrency market often presents intriguing paradoxes, and one particularly striking example is currently unfolding in South Korea. Despite an unprecedented surge in new digital asset listings on major exchanges, the overall South Korean crypto trading volume has experienced a dramatic and concerning plummet. This situation leaves many investors and market watchers asking: what’s truly driving this stark contrast? Why the Surge in New Listings on South Korean Exchanges? This year, South Korea’s top five cryptocurrency exchanges – Upbit, Bithumb, Coinone, Korbit, and Gopax – have been exceptionally active in bringing new digital assets to market. In fact, they’ve listed…

DeCard, the next-generation card brand born from the experience of DCS (formerly Diners Club Singapore), has announced a strategic partnership with Polygon Labs, a leading company in the development of Web3 solutions. Thanks to this collaboration, the Polygon network is integrated into DeCard services, allowing customers to directly deposit USDT and USDC on Polygon into their DeCard and DeCard Luminaries accounts. This integration represents a fundamental step towards the widespread use of stablecoins in daily life, now allowing stablecoin holders on Polygon to spend instantly at over 150 million merchants worldwide. The potential of stablecoins according to DeCard and Polygon…

Terminal Finance, a decentralized exchange (DEX) incubated by Ethena Labs, has gathered more than $280 million in total value locked (TVL) ahead of its upcoming launch at the tail end of this year, according to DefiLlama. The pre-deposit phase spanned three capped vaults holding 225 million USDe, 10,000 ether ETH$4,130.70, and 100 bitcoin BTC$115,336.71. Data from DeFiLlama shows the vaults have reached full capacity. Terminal is positioning itself as the main DEX for the Ethena ecosystem, which centers on USDe, Ethena’s synthetic dollar, and sUSDe, its yield-bearing version. The platform will also support trading against USDtb, a token backed by…

Latin American treasuries met in Punta Cana to modernize operations with digital assets and AI tools. El Salvador consolidates its Bitcoin legal tender framework with two major crypto events in November. Official delegations from El Salvador, Argentina, Mexico, Uruguay, Colombia, Bolivia, and nine other Latin American countries gathered in Punta Cana, Dominican Republic, for the 15th Annual Latin American Seminar on Public Treasury Management. This meeting, which took place from October 28 to 30, included the participation of global financial organizations such as the World Bank, the Inter-American Development Bank, and the International Monetary Fund. Luis Rafael Delgado Sánchez, the…

Former Binance CEO Changpeng “CZ” Zhao’s pardon by US President Donald Trump came after an extensive and expensive lobbying campaign in Washington. Zhao, who served a four-month prison sentence last year for violating US Anti-Money Laundering (AML) laws, benefited from a months-long effort by Binance and its legal team to win over key figures in Trump’s orbit, according to a Sunday report by Politico. In late September, Binance hired Ches McDowell, a close associate of Donald Trump Jr., and his North Carolina-based firm Checkmate Government Relations to lobby the White House and Treasury Department on “executive relief,” the report claimed.…

Binance CEO Richard Teng has shared an important security tip for exchange users to protect their accounts. The CEO emphasized that security is now paramount, particularly amid the increasing number of phishing scams and malware attacks How to protect your Binance account In a blog post, the Binance team highlighted four essential tools for users to enhance the security of their accounts. These include Authenticator Apps, Passkeys, Security Keys and Multi-validator verification. Authenticator Apps, according to Binance, add a second layer of login security using time-based one-time passwords that change every 30 seconds. Binance shared two authenticator apps with users:…