Author: NBTC

April appears to be a lost cause for the crypto Clarity Act, but a U.S. Senate committee hearing sometime in May could keep the critical market structure legislation alive, as long as it can reach a final vote of the overall Senate by July, according to lobbyists and a lawmaker aide focusing on the market structure bill’s sluggish progress. The legislative calendar is running out of room for this year, but a Senate aide told CoinDesk that a potential new delay of a couple of weeks — allowing Republican Senator Thom Tillis to finish discussions with bankers over stablecoin-yield concerns…

Bitcoin’s price revival at the end of the business week caught many short traders off guard as the asset skyrocketed to a new all-time high of almost $119,000 following an extended period of muted movements. Although there was not one single big announcement that could have been related to the explosive rally, there are several reasons that were building up for weeks, which could be attributed to the new peak. Overall Accumulation The following reasons will be combined into one category of “overall accumulation,” even though they may vary by investor type, different moments of purchases, etc. We will start…

Carmine G. Agnello Jr., the grandson of late Gambino crime family boss John J. Gotti, was sentenced this week to 15 months in federal prison for defrauding the U.S. Small Business Administration (SBA) out of approximately $1.1 million in COVID-19 pandemic relief loans. Key Takeaways: Carmine Agnello, grandson of Gambino boss John Gotti, received a 15-month federal prison sentence on April 20, 2026. Agnello diverted roughly $420,000 of $1.1 million in fraudulent SBA EIDL funds into a cryptocurrency business. U.S. Attorney Joseph Nocella Jr. signaled the Eastern District of New York will continue prosecuting COVID-19 relief fraud cases. Gambino Family…

As part of efforts to provide Web3 game players with a superior user experience, Tomoland, a decentralized gaming platform, today entered into a strategic partnership with Anome Protocol, a DeFi multi-chain protocol for asset issuance and interactive decentralized applications. As disclosed on the X platform, the collaboration enabled Tomoland to integrate with Anome’s cross-chain network, aiming to provide its Web3 game players with wider access to a flexible and efficient ecosystem for multichain DeFi applications. Tomoland is a Web3 gaming platform that allows users to play high-performance games with evolving AI characters on any device, enabling them to earn in-game…

Russia’s State Duma, the lower house of parliament, has advanced a draft law on its first reading aimed at regulating digital currencies and overhauling the framework for digital financial assets, according to RBC. The bill passed with 327 of 340 deputies voting in favor. Submitted by the government on April 1, the bill, formally titled “On Digital Currency and Digital Rights,” introduces five types of regulated organizations, including exchanges, brokers, management companies, depositories, and exchangers. It also sets out requirements for investor participation and provides a framework governing how cryptocurrencies can be stored, traded, and exchanged. Key features Under the…

The U.K.’s Financial Conduct Authority (FCA) has carried out its first coordinated crackdown on illegal peer-to-peer crypto trading, targeting eight locations across London in a joint operation with His Majesty’s Revenue & Customs (HMRC) and the South West Regional Organised Crime Unit (SWROCU). Officials issued cease-and-desist notices at each site and gathered evidence that is now feeding into several criminal investigations, according to the FCA. The FCA stated that the sites were suspected of facilitating peer-to-peer (P2P) crypto trading, where individuals buy and sell crypto directly with one another, without the required registration or anti-money laundering controls. Under U.K. law,…

The crypto industry is frequently finding bankers involved in its top-priority regulatory efforts, and this time, a coalition of bank trade associations has asked the U.S. Department of the Treasury to extend the window in which the public can weigh in on implementation of last year’s Guiding and Establishing National Innovation for U.S. Stablecoins ($GENIUS) Act. In a letter sent this week to the Treasury Department and the Federal Deposit Insurance Corp., bankers in the U.S. are asking that three different $GENIUS Act rule proposals get extended comment periods, at least 60 days after another rule effort (at the Office…

B.AI, a new-generation digital financial infrastructure specifically built for the Artificial Intelligence (AI) agent era, has announced a groundbreaking partnership with Pundi X, a global blockchain-based infrastructure project and Artificial Intelligence (AI-driven) solutions provider. The primary purpose of this collaboration is to create a decentralized system where AI agents can seamlessly access and pay for high-quality data. https://t.co/JerjymcrIH 🤝 @PundiXLabsThe evolution of AI relies on accessible, high-quality data. We are teaming up with Pundi X to explore the framework for an autonomous data economy.By aligning their community-curated datasets with the concepts behind Bank of AI’s x402… pic.twitter.com/8cVhjkWobx — B.AI (@BAI_AGI)…

Coinbase’s chief legal officer, Paul Grewal, said Wednesday that the company had removed New York Attorney General Letitia James’ prediction markets lawsuit from state court to federal court, arguing that the case turns on disputed questions of federal law over how event contracts are regulated. The move escalates a legal fight that could help define whether prediction markets fall under federal commodities regulation and the scope of the US Commodities and Futures Trading Commission’s (CFTC) or state gambling laws, with broader implications for the oversight of platforms like Coinbase and Gemini. “We have removed this action to federal court,” wrote…

Infinite, a B2B stablecoin payments company, launched Infinite Accounts on Wednesday, giving businesses dedicated bank accounts with unique routing numbers that operate across both traditional payment rails and stablecoin networks through a single API. Key Takeaways: Infinite launched Infinite Accounts on April 22, 2026, combining fiat and stablecoin rails into one API. Erebor Bank, N.A., provides FDIC-insured deposits up to $250,000, while stablecoins carry separate risks. CEO Nikhil Srinivasan, ex-Coinbase, is targeting payroll, treasury, and merchant platforms with the product. Nikhil Srinivasan’s Infinite Debuts Dedicated Bank Accounts Merging Stablecoins and Traditional Rails The product is powered by Erebor Bank, N.A.,…