Author: NBTC

HashKey On-Chain’s settlement protocol, the HashKey Settlement Platform (HSP), and cross-border payment provider ONERWAY have formed a strategic partnership to connect on-chain stablecoin settlement with licensed fiat off-ramping, the companies announced on September 3 in a joint statement. The tie-up marks the first time HSP has linked up with a traditional Web2 payment institution, and the first on-chain settlement protocol adopted by ONERWAY, which holds payment licences across the UK, Europe, Hong Kong, the United States and Singapore. Bridging On-Chain Settlement and Fiat Rails ONERWAY serves more than 2,000 merchants globally and holds principal membership with Visa, Mastercard, UnionPay International…

Trading platform Robinhood’s blockchain network is expected to generate as much as $160 million in annual fees by 2028, Bernstein analysts forecast in a Tuesday report shared with Cointelegraph. The analysts cited growing demand for tokenized stock trading on the network, which grew to account for about 27% of the chain’s total trading volume, while native memecoin pairs trading decreased to 36% of network activity, down from 100% at launch on July 1. Bernstein said the growing demand for tokenized stocks on the Robinhood chain is driven by automated market-making pools on Uniswap that pair memecoins with stock tokens and…

Morning Sell-Off Drives $42 Million in Long Liquidations Bitcoin reversed course on Thursday, tumbling from just over $66,000 to well under $65,000 as momentum driven by the CLARITY Act began to fade. The retreat coincided with a surge in oil prices that saw the global benchmark Brent crude breach $100 per barrel for the first time in weeks. According to a daily chart, bitcoin initially fluctuated between $66,200 and $65,750 as markets processed reports that the U.S. Senate was closing in on an agreement on key text for the CLARITY Act. However, shortly before midnight, the cryptocurrency broke below the…

Carina Network has successfully raised $32.5 million, fully backed by banks, highlighting a significant shift toward tokenized deposits. This development reflects growing institutional interest in innovative banking solutions as reported by ZKsync. The implications of this funding may reshape how banks approach asset management. What Went Down The broader crypto market is witnessing mixed signals, yet the recent announcement from Carina Network stands out. The $32.5 million funding round, entirely supported by banks, suggests a strong institutional belief in tokenized deposits. This funding could pave the way for new banking solutions that leverage blockchain technology, indicating a shift in traditional…

The $XRP Ledger blockchain is rapidly losing its monopoly on hosting Ripple’s main dollar-denominated asset, the $RLUSD stablecoin. Fresh capital flows are now moving to Ethereum, forcing the market to ask — is the ecosystem’s “North Star”, the $XRP token itself, taking a back seat? Recently, the automated tracker recorded an on-chain transaction on Etherscan as Ripple issued another batch of 50 million $RLUSD tokens on the Ethereum network. Following this massive injection, the coin’s total circulating supply reached $1,629,275,517, coming close to its record internal issuance limit. 💵💵💵💵💵💵💵 50,000,000 $RLUSD minted at $RLUSD Treasury.https://t.co/J6K8LyYKaK — Ripple Stablecoin Tracker (@RL_Tracker)…

Federal regulators say two former executives at a Bay Area private lending firm ran a Ponzi-like operation that drained the retirement savings of hundreds of everyday investors. The SEC Ponzi scheme charges filed this week accuse Mark D. Hanf and Hoai-Nam Chu Phan of misleading approximately 190 mostly retail investors into pouring more than $80 million into real estate funds that, prosecutors say, never generated the returns they promised. Key takeaways The SEC charged Mark D. Hanf, former CEO of Pacific Private Money Group LLC, and Hoai-Nam Chu Phan, former COO of a PPMG subsidiary, with securities fraud. Roughly 190…

Robinhood Chain has continued to gain traction, consistently hitting major levels in key onchain metrics as the blockchain continues to see rapid adoption. While momentum on the Robinhood Chain is still building, the latest data from Token Terminal shows a significant surge in Ethereum activity on the network. Over $700 million of $ETH bridged Amid its consistently rising onchain activity, the layer-2 network has drawn attention after a sharp spike in bridge deposits between itself and the Ethereum network. Notably, the data shows that bridge deposits on Robinhood Chain have surged massively from previous levels, with the total now surpassing…

Bitcoin ($BTC) fell below $65,000 on Thursday as US stocks slid amid another round of escalation in Iran. Key points: Several days of US-Iran escalation are beginning to take their toll on crypto and stock market performance. Bitcoin sees three-day lows under $65,000 as traders diverge on the near-term outlook. A 21-day moving average trend line becomes important nearby support. Bitcoin wobbles as Iran destabilizes stocks, oil and US bond yields Data from TradingView showed $BTC/USD hitting three-day lows of $64,799 on Bitstamp. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView Risk assets felt the strain on the day as US President Donald…

The $XRP Ledger could see a much bigger jump in users and trading activity during the next bull market, according to XRPL validator Vet (Hussain Zangana). Back in December 2024, Vet pointed to unusually high activity on the network. First Ledger was handling about $40 million in daily trading volume, while around 1,000 new users were joining every hour. Now, Vet expects that kind of growth to happen again, but potentially on an even larger scale. In particular, he said the $XRP Ledger could see “more violent” growth in users and trading volume, despite being criticized for making a similar…

Grayscale Investments, venture capital firm a16z and the Crypto Council for Innovation urged the U.S. Securities and Exchange Commission (SEC) to avoid imposing uniform restrictions on “novel” exchange traded funds. The three organizations submitted separate letters dated Aug. 31, the final day of a 60 day SEC consultation. They argued that products involving crypto assets, private investments, leverage and event contracts present different risks and should not be regulated as one category. The SEC opened the consultation on June 30. It requested feedback on investment company classifications, portfolio conditions, disclosures and the registration process for funds using new assets or…