Author: NBTC

Kristaps Grinbergs, a developer relations engineer at Flare, said the network has already formed the foundation for $XRP-focused decentralized finance. He made this statement after reports confirmed a single 8 million $XRP stake on Flare’s staking protocol, Firelight. Notably, this stake transaction suggests that institutional investors are now increasingly entering the ecosystem. Key Point Hugo Philion confirmed that an institution deployed 8 million $XRP into Firelight in a single transaction. Kristaps Grinbergs said the transaction shows Flare has built the foundation for $XRP-focused decentralized finance. Firelight recorded 9.014 million FXRP inflow on April 21, the largest in over a month…

WASHINGTON, D.C. – March 2025. In a significant move for defrauded investors, the United States Department of Justice has officially launched a long-awaited compensation process for victims of the massive OneCoin cryptocurrency Ponzi scheme. This action marks the first tangible step toward financial restitution for thousands of individuals worldwide who lost billions. OneCoin Fraud Victims Can Now File Official Claims The DOJ’s new claims portal is now active. Authorities have designated over $40 million in recovered assets for immediate distribution. Victims must submit verifiable proof of their investment through this official channel. The submission deadline is firmly set for June…

Institutional crypto trading has long forced a tradeoff: liquidity or security. OKX is removing that friction with BitGo Off-Exchange Settlement, letting U.S. institutions trade without moving assets out of regulated custody. — Trading Stays Active, Assets Stay Put The model flips a core assumption in crypto markets. Instead of pre-funding accounts on an exchange, institutions can now execute trades while their assets remain secured in BitGo’s cold custody infrastructure. That removes a major operational burden — and a major risk vector. The result is a unified workflow: All without shifting capital between venues. Assets held in BitGo custody are also…

A security incident at Kelp, a liquid restaking protocol, has sent ripple effects through decentralised finance, catching one of Lido Finance’s yield vaults in the crossfire. Lido has paused deposits and withdrawals on its EarnETH vault while it works through two separate but connected problems: direct exposure to a compromised asset and a liquidity squeeze spreading across lending markets. The Exposure Of Lido’s EarnETH vault, roughly 9% of total assets are tied to rsETH, the token at the centre of the Kelp incident. That is not a majority stake, but it is enough to trigger a pause while curators work…

Industry participants are urging the U.S. Securities and Exchange Commission (SEC) to formalize its crypto guidance on decentralized tools, arguing clearer rules would reduce uncertainty and better align oversight with blockchain infrastructure. Key Takeaways: Over 30 crypto industry participants urged SEC to formalize DeFi guidance. Regulatory ambiguity around SEC broker rules threatens blockchain innovation. Commissioner Hester Peirce backed rulemaking to align SEC policy with DeFi. Crypto Industry Participants Press SEC to Formalize DeFi Guidance The crypto industry is urging the U.S. Securities and Exchange Commission (SEC) to turn recent guidance on decentralized tools into formal rules, a move supporters see…

Monetary Authority of Singapore has granted in-principle approval to Robinhood to offer brokerage services in Singapore. The move marks a step in Robinhood’s international expansion and its focus on the Asia-Pacific region. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!). Singapore operates a phased licensing framework for brokers, moving from in-principle approval to full authorisation once conditions are met. Other firms are following the same route. Capital.com, for example, has been seeking a risk manager in Singapore as part of its MAS licence application. The structure reflects a regulatory-first environment, where broker expansion is…

Pre-launch DeFi lending protocol Lotus has announced that WisdomTree’s Treasury Money Market Digital Fund (WTGXX) will serve as part of the reserve framework backing LotusUSD, its core vault token, according a press release shared with The Defiant. The DeFi protocol said the move marks one of the first instances of a money market fund being referenced within a DeFi lending protocol. LotusUSD reserves are composed of USDC and tokenized short-duration U.S. Treasuries. According to the release, WTGXX integration is designed so that lenders earn a baseline yield even at zero utilization, sidestepping the structural problem in standard DeFi lending where…

Blockstream CEO Adam Back, the British cryptographer and inventor of Hashcash, said it’s “flattering” that people think he’s Satoshi Nakamoto and was probably the result of his being a little too “talkative” on the cypherpunk mailing list that started it all. Back was speaking in a fireside chat with Cointelegraph at the recent LONGITUDE event in Paris, co-hosted by crypto exchange OKX, with discussions centered on crypto regulation, market structure and the growth of stablecoins. Adam Back denies renewed suggestions that he invented Bitcoin “It is flattering in some sense that they think you could have done it,” Back told…

MoonPay has officially launched a virtual account service in New York State, marking a significant step in linking traditional fiat currency with stablecoins. This service, powered by technology from the acquired stablecoin infrastructure platform Iron, enables automatic currency conversion and settlement through API integration. It operates without requiring traditional banking infrastructure, offering a streamlined solution for businesses and individuals. MoonPay Virtual Account Service: Bridging Fiat and Stablecoins MoonPay, a leading cryptocurrency payment network, announced the launch of its virtual account service in New York State on [insert date if available, otherwise state ‘recently’]. This service directly connects fiat currency to…

Until last Friday, April 17, lending stablecoins into Aave, widely considered the gold standard of DeFi, paid 2.32% APY. The Federal Reserve’s overnight rate was 3.64%. Taken at face value, the market was pricing an unregulated, open-source smart contract as a lower credit risk than the United States Treasury. In 48 hours, that ended. The market did in real time what no regulator, auditor, or commentator had managed to do: it repriced DeFi credit risk. The mispricing Rank the dollar-credit options by yield before last weekend, and the hierarchy made no sense. Treasury overnight: 3.64%. Ledn’s investment-grade Bitcoin-backed ABS senior…