Author: NBTC

US President Donald Trump signed a new executive order this week that is of critical importance for cryptocurrencies. In this order, Trump instructed the government and the Federal Reserve to review the access of cryptocurrency companies to payment systems. The FED soon presented a proposal on the matter, taking a significant step. According to the proposal, the FED offered a limited scope suggestion for ‘payment accounts’. Accordingly, the FED will allow certain firms, including cryptocurrency and fintech companies, to transfer money through the FED payment infrastructure. According to the FED statement, the proposed account access will be a simplified version…

A bipartisan group of lawmakers introduced a revised crypto tax bill Wednesday that aims to update the tax code to better address crypto use cases and would, if signed into law, direct the IRS to analyze the effect de minimis exemptions might have. Congressmen Steven Horsford (D-N.V.), Max Miller (R-Ohio), Suzan DelBene (D-Wash.) and Mike Carey (R-Ohio) reintroduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act, otherwise known as the Parity Act, that Horsford and Miller had previously pushed a few times. The new language comes a week after lawmakers reportedly met to discuss crypto tax reform.…

WazirX says its newly launched INR-denominated futures platform could play a key role in rebuilding user trust and supporting its long-term recovery efforts following the 2024 cyberattack linked to North Korean hackers. In responses shared with Coin Edition, the exchange said futures trading has become a central part of its restructuring roadmap as it works to restore confidence in the platform and generate sustainable operational revenue. According to WazirX, the overall objective goes beyond expanding trading volumes. The company said it is also focused on improving transparency, strengthening user education, and building a more responsible trading environment for Indian crypto…

Chainlink’s Cross-Chain Interoperability Protocol has been deployed to Neo X on MainNet, giving the EVM-compatible chain access to one of the most widely used cross-chain messaging and token transfer systems in the blockchain industry. The integration was included in a blockchain expansion update published by Chainlink on May 22. The deployment is the second major external interoperability protocol to go live on Neo X following LayerZero’s MainNet integration in April, and adds to the native Message Bridge connecting Neo X and Neo N3. Neo X now has three cross-chain pathways available to developers and users. What CCIP enables CCIP provides…

Bullbit PERP DEX, a renowned decentralized perpetual futures exchange, has partnered with MixMax, an EVM-built Web3 multi-layer network. The strategic partnership aims to broaden the market reach while also improving consumer experiences. As Bullbit PERP DEX disclosed in its official X announcement, the development is set to merge the exclusive technical strengths of both entities to advance the user experience. Thus, the move focuses on bolstering liquidity, unlocking unique financial opportunities, and optimizing trading efficiencies. Partnership AnnouncementWe are excited to announce our official partnership with @mixmax_mc.MixMax is a Web3 multi-layer blockchain ecosystem built on Ethereum’s EVM, committed to accelerating volume…

Kalshi Inc., the federally regulated prediction market platform, has raised an additional $200 million in a new funding round, according to a report from Bloomberg. This fresh capital comes on top of a previously announced $1 billion funding round, bringing the company’s total raised to approximately $1.2 billion. New Investors Enter the Market The latest round introduces two notable first-time investors to Kalshi’s cap table: venture capital firm Layer Global and British asset manager Baillie Gifford. Their participation signals a broadening institutional interest in prediction markets, a sector that has gained significant traction for its ability to aggregate public sentiment…

Cardano founder Charles Hoskinson warned that the network’s research ecosystem could face deep cuts after several Japanese Delegate Representatives voted against a key funding proposal. Hoskinson addressed the Japanese Cardano community in a translated X post on May 21. He said the funding dispute could affect the researchers and labs behind Cardano’s academic work. He warned that if the proposal fails, “Cardano will lose its scientists, and our lab will be forced to close.” Hoskinson also said the research group took years to build and could be hard to replace if funding certainty disappears. 一部の日本のdRepが私たちの研究提案に反対票を投じたことに、深い悲しみを覚えています。… — Charles Hoskinson (@IOHK_Charles) May…

While Washington remains stuck in political disputes, in a fresh statement Ripple CLO Stuart Alderoty declared that the Clarity Act market structure bill is not about protecting corporations, but about protecting the everyday interests of 67 million Americans. According to data from the National Cryptocurrency Association (NCA), that represents one in four adult residents participating in the multi-trillion-dollar crypto economy. Ripple’s interest in the legislation is pragmatic because, according to NCA data, California is the leading state by number of digital asset holders. The state, which is home to San Francisco-based Ripple, accounts for around 9.5 million crypto holders. Earlier,…

Kraken’s parent Payward reported first-quarter adjusted revenue of $507 million, up 3% from a year earlier, as the crypto infrastructure and trading firm expanded beyond spot crypto trading during a weaker market environment, the company said in a press release Monday. The Wyoming-based firm said growth in futures trading and newer business lines helped offset softer activity in its core crypto markets business. Futures DARTs, or daily average revenue trades, rose 51% year-over-year, driven by NinjaTrader, Breakout and expanded derivatives offerings. Total platform transaction volume reached $357 billion in the quarter, though Payward said broader market conditions weighed on activity.…

VAYLA, a next-gen Web3 infrastructure network, has partnered with Token Terminal, a popular crypto analytics entity. The partnership is set to develop smarter, highly scalable, and more transparent Web3 solutions. As VAYLA revealed in its latest X post, the development merges the strengths of both entities to redefine DeFi data architecture. So, the integration of institutional-scale analytics and the swift network growth promise to provide unprecedented value to crypto developers and investors alike. 🚀 Partnership AnnouncementVAYLA Token is excited to join hands with @tokenterminals as we move forward in building smarter, more transparent, and scalable Web3 solutions.@VAYLAOfficial_ x @tokenterminals#VAYLA #TokenTerminals…