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.

UK Prosecutors target crypto possession in Qian Case

LegalSep 23

A high-stakes criminal trial that could shape how British courts handle cryptocurrency-related crime compensation is set to open in London on September 29. The defendant, Chinese national Zhimin Qian, is accused of masterminding a cross-border investment fraud whose proceeds were converted into Bitcoin, now valued at about $7 billion. Prosecutors say Qian ran a scheme in China that drew in nearly 130,000 people. Investigators allege she directed operations through Tianjin Lantian Gerui Electronic Technology Co., and, between 2014 and 2017, promoted a Ponzi-style product that promised eye-catching returns of 100% to 300%. The plan unraveled in 2017 after China put…

Transak integrates USDG, the first MiCA-compliant stablecoin from Paxos

ExchangesSep 23

Transak has added support for Global Dollar (USDG), the new U.S. dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, according to an announcement on September 22. The move makes compliant, audit-backed digital dollars accessible to over 10 million users worldwide through Transak’s fiat-to-crypto infrastructure. USDG powers the Global Dollar Network and is backed one-to-one with U.S. dollar reserves, primarily in high-quality liquid assets such as U.S. Treasuries. Paxos Digital Singapore, the issuer, holds a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS), while Paxos Issuance Europe is regulated by Finland’s Financial Supervisory Authority…

Spot BTC ETFs attract $642M, ETH adds $406M amid ‘rising confidence’

RegulationSep 23

Spot Bitcoin and Ether ETFs are seeing renewed inflows as institutional appetite for crypto exposure continues to build. On Friday, spot Bitcoin (BTC) ETFs recorded $642.35 million in net inflows, marking the fifth straight day of gains, according to data from SoSoValue. This pushed cumulative net inflows to $56.83 billion, with total net assets now standing at $153.18 billion, roughly 6.62% of Bitcoin’s total market cap. Fidelity’s FBTC led the day with $315.18 million in fresh capital, while BlackRock’s IBIT followed with $264.71 million. Trading volumes across all spot Bitcoin ETFs topped $3.89 billion, signaling robust activity and growing institutional…

UAE Signs Crypto Tax Reporting Agreement, Opens Industry Consultation

LegalSep 23

The United Arab Emirates has committed to automatic crypto tax reporting with global authorities, launching an industry consultation to hammer out implementation details before the 2027 rollout. The nation signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework, developed by the Organization for Economic Cooperation and Development in 2023, which establishes mechanisms for automatic exchange of tax-related information on crypto-asset activities between countries. Crypto firms will need to comply with the new reporting rules by 2027, with the UAE beginning to share data with international tax authorities the following year. "The framework…

Binance launches rewards program for Ethena’s USDe stablecoin with 12% APR

ExchangesSep 23

The limited-time promotion offers 12% APR. Users should hold at least 0.01 USDe for a day to qualify. Participants will receive their incentives weekly. Binance has announced an incentives program for Ethena’s stablecoin, offering users a lucrative opportunity to earn returns by holding USDe. The official announcement details how the platform will calculate the rewards, distribution, and participation requirements. Notably, Binance confirmed a limited-time promotion to sweeten the deal, offering eligible holders a 12% APR (annual percentage rate). During the Promotion Period, users who hold a minimum of 0.01 USDe in their Binance account(s) for at least 24 hours will…

Momo.Fun Partners with Okratech to Power Real Web3 Applications into Its Meme Asset Network

BlockchainSep 23

Momo.Fun, an AI-driven network dedicated to trading and connecting meme assets with DeFi, today announced a strategic collaboration with Okratech, a decentralized multi-chain ecosystem. This partnership enabled the integration of Momo.Fun ecosystem into Okratech’s multi-chain infrastructure to enable its meme asset network to access Web3 applications for its customers worldwide. Momo.Fun is an AI-driven decentralized platform that allows people to create, issue, and trade meme assets on the network and connect them to DeFi. On the other hand, Okratech is not only a decentralized freelancing platform that connects freelancers with clients, but also a multi-chain ecosystem that offers a wide…

Peter Schiff Condemns Bitcoin, Embraces Blockchain Gold

NFTSep 23

Popular Bitcoin critic and gold advocate, Peter Schiff, has once again stirred reactions across the crypto community after expressing faith in the long-term value of his digital art collection, compared to Bitcoin. Schiff made the move as he flaunted gold’s new all-time high of $3,726 in the faces of Bitcoiners, seizing the opportunity to promote his Golden Triumph Ordinals Set. Notably, Schiff claimed that the art collection is more scarce and valuable than the world’s largest cryptocurrency by market capitalization, Bitcoin. Schiff’s Golden Triumph Ordinals vs. Bitcoin The Golden Triumph Ordinals is a blockchain-based digital art collection of 50 one-of-a-kind…

Morgan Stanley and Deutsche Bank Predict How Much the Fed Will Cut Interest Rates

RegulationSep 23

Morgan Stanley and Deutsche Bank both predicted the Fed would cut interest rates at its remaining three meetings this year. In separate reports, the two institutions said they expect 25 basis point cuts at the September, October, and December meetings. Both institutions had previously projected only one rate cut in September and December. This week's data, which indicated a softening in inflationary pressures, contributed to the rise in expectations. The Fed is expected to cut interest rates next week, marking the first time since a 25 basis point cut in December 2024, ushering in a new easing cycle. Chairman Jerome…

SEC Task Force Examines DeFi Lending Rules in Meeting With Crypto Firm

LegalSep 23

DeFi lending landed back on the SEC’s agenda as regulators met with industry players to examine token classification, smart contracts, and paths toward compliant crypto loans. SEC Crypto Task Force Discusses DeFi Lending Regulation The U.S. Securities and Exchange Commission (SEC) Crypto Task Force continues to meet with industry participants, as reflected in a memorandum released about a Sept. 15 meeting with representatives of DeFi company Term Finance. The memo outlined Term Finance’s model for short-term, fixed-rate lending, which leverages overcollateralized crypto assets in tri-party repurchase structures and employs smart contracts for non-custodial execution. The SEC memo stated: The topic…

PayPal backs Stable to expand PYUSD

ExchangesSep 23

PayPal Ventures has invested in Stable, a new layer 1 blockchain network designed for stablecoin-based payments, while also enabling permissionless use of PayPal USD (PYUSD) on the platform. The announcement is part of PayPal’s ongoing effort to extend PYUSD’s reach across multiple ecosystems. Issued by Paxos Trust Company and pegged 1:1 to the U.S. dollar, PYUSD can now be used for commerce and peer-to-peer payments directly on the Stablechain. Stable said the integration will leverage LayerZero technology for cross-chain interoperability, making PYUSD accessible across different networks. The firm also plans to develop onramps and offramps for the stablecoin, with a…