Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Elon Musk's xAI Sues OpenAI Again, This Time Over Alleged Trade Secret Theft

LegalSep 29

Elon Musk's artificial intelligence company xAI filed a federal lawsuit on Wednesday against OpenAI, accusing its rival of orchestrating a "coordinated, unfair, and unlawful campaign" to steal proprietary technology through targeted employee poaching. The complaint, filed in California, alleges OpenAI "by hook or by crook" induced former xAI employees to misappropriate the company's entire source code, training methods, and data center deployment strategies. Musk, a co-founder of OpenAI alongside Sam Altman, Greg Brockman, Illya Sutskever, and others in 2015, stepped down from the board in 2018, citing conflicts of interest with his company, Tesla, and its self-driving cars. Since then,…

AIOZ Stream Aims to Unlock Next-Level Rewards for Viewers and Creators

BlockchainSep 29

A new Web3 streaming protocol promises to give creators full ownership of their content—and a greater share of revenues. AIOZ Stream is a decentralized protocol that aims to deliver a more open and equitable social media ecosystem, blending high-quality and low-latency streaming with fair and on‑chain monetization. Based on the AIOZ Network, the platform blends shorter clips and longer-form videos in one place—and in a unique twist, content is distributed to users in a peer-to-peer environment through a global DePIN infrastructure. “AIOZ Stream is about creating alignment end-to-end,” said Erman Tjiputra, Founder & CEO of AIOZ Network, in a statement…

Putin’s advisor claims US is using crypto to erase $35T in debt

RegulationSep 29

Key Takeaways A Putin advisor alleges the US is using crypto markets to address its $35 trillion debt. He frames gold and crypto as alternatives to the US dollar, which are gaining traction globally. A senior advisor to Russian President Vladimir Putin has claimed that the US is attempting to use crypto, in particular stablecoins, to devalue its massive national debt and reset the global financial order in its favor. Speaking at the Eastern Economic Forum, Anton Kobyakov, special advisor to President Putin, said the US is trying to alter regulations in both the gold and crypto markets to combat…

Hong Kong rules limit stablecoin derivatives trading: DBS CEO

LegalSep 29

Hong Kong’s stablecoin regulatory framework limits their use for derivatives trading on blockchain networks, according to Sebastian Paredes, CEO of DBS Hong Kong. According to a Friday report by local news outlet The Standard, Paredes said that Hong Kong regulations on stablecoin Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements will significantly restrict their use for onchain derivatives trading. He said the bank would monitor developments, but focus instead on building broader stablecoin capabilities in Hong Kong. His comments followed the rollout of Hong Kong’s new stablecoin rules on Aug. 1. The rules immediately criminalized the promotion of unlicensed…

Securitize Expands to Sei, Debuting With Apollo’s $112M Tokenized Credit Fund

BlockchainSep 28

Securitize, a platform for tokenizing real-world assets, is expanding to the Sei blockchain with the tokenized Apollo Diversified Credit Fund (ACRED) the first to debut on the network. The move introduces tokenized private credit to Sei for the first time, the firm said. ACRED, which has $112 million in total value according to RWA.xyz, acts as a feeder into Apollo’s private credit strategy, which includes corporate lending, asset-backed deals and dislocated credit. Only qualified investors can participate, and the tokens are interoperable across blockchains via Wormhole, a cross-chain messaging protocol, allowing easier movement between networks and improving liquidity. Tokenized private…

The ongoing TradFi bids to enhance markets via blockchain tech

RegulationSep 28

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A Monday Nasdaq filing seems to affirm what many of you may have read previously: Tokenization could transform finance sooner than many think. In a proposal to the SEC, the exchange seeks to let firms and investors tokenize the equity securities and ETPs they currently trade on the Nasdaq. More specifically, the approach would allow participants the choice (upon entering an order) to have the Depository Trust Corporation (DTC) clear and settle trades in tokenized form. Nasdaq noted that tokenized securities are “technologically distinct” from those…

Kazakhstan authorities seize $10M in crypto in Ponzi scheme investigation

LegalSep 28

Authorities in Kazakhstan are seizing millions of U.S. dollars’ worth of cryptocurrency as part of an investigation into a Ponzi scheme that lured investors across the region. The financial pyramid scheme has been active for several years in Central Asia and parts of Eastern Europe, offering victims high returns on investments in various crypto projects. Kazakhstan brings down massive crypto pyramid Amir Capital, an entity posing as an international investment fund, is under investigation in Kazakhstan for allegedly running a crypto Ponzi scheme. The company actively solicited funds from citizens of Kazakhstan and several other former Soviet states, including Kyrgyzstan,…

TACEO and Aztec to bring Private Shared State to Ethereum

BlockchainSep 28

TACEO and Aztec Foundation are teaming up to create a Private Shared State, an encrypted environment that supports updates, multi-computation and auditing under one private decentralized roof. Summary TACEO and Aztec Foundation are partnering to bring Private Shared State into Ethereum. PSS differs from existing MPC solutions by allowing shared, persistent private states on-chain, with a focus on developer usability through TACEO’s coNoir toolkit. TACEO claims its system is built with post-quantum security in mind, using information-theoretically secure protocols and exploring hash-based proof systems. TACEO, the company behind Worldcoin’s encrypted iris-scanning network and the largest known multiparty computation database, has…

JPMorgan Shares What It Expects from the Fed’s Meeting This Month – Here’s the Most Likely Scenario

RegulationSep 28

JPMorgan strategist Fabio Bassi said the Fed is more likely to cut interest rates by 25 basis points at its September meeting. Bassi noted that despite weak employment data, inflation remains high, and that an aggressive 50 basis point cut is unlikely. According to Bassi, the risk of a recession stands at 40%. Markets, however, anticipate only a limited easing of growth risks. The analyst also cited the increasing political pressure following the dismissal of Fed member Lisa Cook, emphasizing that the Fed's independence remains intact. He stated that if the economic weakness proves temporary, the Fed will likely implement…

German prosecutors confirmed raids on Tether-backed data center Northern Data AG

LegalSep 28

German prosecutors have confirmed that police raided premises connected to Frankfurt-based computing group, Northern Data AG, intensifying scrutiny of one of Europe’s most prominent companies operating in the worlds of cryptocurrency and artificial intelligence. A spokesperson for the Frankfurt prosecutor’s office stated that “raids in connection with Northern Data” were conducted on Thursday, declining to disclose the targets or what investigators were searching for. The agency said further details would be provided on Monday. Northern Data did not immediately respond to requests for comment. Its shares slipped following news of the raids, with investors unsettled by the prospect of renewed…