Author: NBTC

The institutional crypto landscape is buzzing with exciting developments, and a major player just made a significant move. Anchorage Digital, a leading U.S. crypto bank known for its secure and compliant services, has officially unveiled Anchorage Digital Ventures. This new venture investment arm is dedicated to supporting pioneering on-chain protocols, signaling a strong commitment to the future of digital assets. What is Anchorage Digital Ventures and Why Does It Matter? Anchorage Digital Ventures represents a strategic expansion for Anchorage Digital. Its core mission is to invest in and nurture the next generation of blockchain infrastructure. The Block reported on this…

Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi’s Future of Finance head Ronit Ghose warned in a report published Monday. According to the Financial Times, Ghose compared the potential outflows caused by paying interest on stablecoins to the rise of money market funds in the late 1970s and early 1980s. Those funds ballooned from about $4 billion in 1975 to $235 billion in 1982, outpacing banks whose deposit rates were tightly regulated, Federal Reserve data showed. Withdrawals from bank accounts exceeded new deposits by $32…

US banking groups are intensifying pressure on lawmakers to amend the recently passed GENIUS Act, warning that its current structure risks destabilizing the financial system by indirectly enabling crypto exchanges to offer yield on stablecoins. It marks a subsequent attack from banking giants against crypto, after reports that they are trying to disrupt Coinbase and Robinhood. Banks Warn Stablecoin Yield Rules Could Spark Trillion-Dollar Deposit Flight The Financial Times reported pushback from the American Bankers Association, the Bank Policy Institute, and the Consumer Bankers Association. Based on the report, these traditional finance (TradFi) players argue that the GENIUS Act, passed…

American Express has introduced Ethereum-based ‘travel stamps’ to create a commemorative record of travel experiences, as part of the firm’s revamped travel app. The travel experience tokens, which are technically NFTs (ERC 721 tokens), are minted and stored on Coinbase’s Base network, said Colin Marlowe , VP, Emerging Partnerships at Amex Digital Labs. The travel stamps, which can be collected anytime a traveler uses their card, are not tradable NTF tokens, Marlowe explained, and neither do they function like blockchain-based loyalty points – at least for the time being. “It’s a valueless ERC-721, so technically an NFT, but we just…

U.S. stocks moved lower as Wall Street opened on a negative footing following last week’s bounce to record highs, with the focus shifting from the Federal Reserve’s Jackson Hole symposium to Nvidia’s earnings coming up this week. Summary Dow opened 90 points down as Wall Street began the week on a negative footing. Bitcoin mirrored stocks’ action and dropped to near $111k. Corporate earnings are in focus, including Nvidia. The Dow Jones Industrial Average opened 90 points lower, and the S&P 500 shed 0.2%, as the blue-chip and benchmark indexes retreated from highs seen at the close on Aug. 22.…

Billionaire heiress Taylor Thomson reportedly lost over $80 million in digital assets after following investment advice linked to a psychic. According to a Wall Street Journal (WSJ) report on Monday, Thomson, who’s part of the family behind the media and financial giant Thomson Reuters, invested millions in crypto assets with the help of her former best friend, Ashley Richardson. The move came after both women reportedly consulted a celebrity psychic and other spiritual advisers. Richardson became deeply involved in Thomson’s crypto portfolio. During the 2021 bull run, Richardson reportedly managed over $140 million in crypto for Thomson across multiple wallets.…

Coinbase backs UK petition urging stablecoin rules and blockchain adoption. Petition tops 5K signatures; 10K triggers government reply, 100K a debate. Supporters warn UK risks falling behind without clear crypto strategy. A public petition urging the United Kingdom to adopt a pro-innovation strategy for blockchain and stablecoins has gathered momentum after crypto exchange Coinbase rallied its users to support the initiative. The petition, which has been live on the UK government’s website since July, calls for a comprehensive framework covering stablecoin regulation, blockchain adoption, and the appointment of a blockchain “czar.” While it initially gained little attention, interest accelerated this…

China, known for its strict bans on Bitcoin (BTC) and cryptocurrencies, is considering introducing new bans. At this point, according to the news of Chinese local news agency Caixin, it has been reported that the Chinese government will restrict the stablecoin and cryptocurrency businesses of internet giants, central state enterprises and branches of state financial institutions in Hong Kong. It was stated that these bans would require these entities to prioritize the development of the real economy. Beijing has instructed these entities to prioritize the development of the real economy over virtual asset ventures. According to Caixin, the Chinese government…

Despite a late-week dovish signal from Fed Chair Powell that spurred a $594 million rebound, crypto funds still bled $1.43 billion overall. The outflows, however, were not uniform, revealing a divergence in investor confidence between major assets. Summary Crypto funds saw $1.43 billion in outflows last week, the largest since March, amid Fed policy concerns. Bitcoin bore the bulk of the selloff with $1 billion in redemptions, while Ethereum limited outflows to $440 million. Exchange-traded product volumes surged to $38 billion, signaling active institutional repositioning. According to the weekly report from CoinShares Head of Research James Butterfill, the substantial capital…

London — Input Output (IO), the blockchain infrastructure and research firm best known as the driving force behind Cardano, has officially joined CryptoUK, the leading trade association for the UK’s digital asset industry.—CryptoUK, founded in 2017, represents more than 100 organizations — from exchanges and custodians to payment providers, law firms, and fintechs. The group works to position the UK at the forefront of global crypto innovation, advocating for transparent, proportionate regulation and the highest standards of consumer protection. It also serves as secretariat to the Crypto and Digital Assets All-Party Parliamentary Group (APPG), helping to create informed dialogue between…