Author: NBTC

In brief Departing SEC Commissioner Hester Peirce argued at SIFMA’s Digital Assets Conference that zero-knowledge proofs and attribute-based credentials could verify facts like age or sanctions status without exposing personal data, replacing invasive KYC collection. She said the KYC/AML regime builds “ever bigger data haystacks” that make needles harder to find, and warned against “data maximalists” who assume more collection is always better. The pitch lands amid recent KYC leaks: Revolut exposing passports and Bitcoin histories, Trezor’s vendor breaches—that heighten “wrench attack” fears. Departing SEC Commissioner Hester Peirce is making a case for using cryptography to overhaul how the financial…

Uniswap recently reported processing over $500 million in stock token volume while Wall Street enjoyed a three-day weekend. This activity, highlighted by a tweet from the platform, emphasizes Uniswap’s role as a resilient player in the decentralized finance (DeFi) space. Such sustained trading activity could indicate growing institutional interest in digital assets, particularly through platforms like Uniswap. The Key Development While many traditional markets were closed, Uniswap kept its operations running, processing significant trading volumes in stock tokens. This level of activity showcases Uniswap’s appeal among traders looking for opportunities even when traditional markets are offline. As the crypto market…

Cosmos has announced its membership in LF Decentralized Trust, highlighting its commitment to open-source development. Barry Plunkett, Co-CEO, stated that joining LF Decentralized Trust allows Cosmos to enhance its work in digital assets and interoperability. This collaboration could significantly impact the blockchain community’s growth and innovation. For more details, check the original tweet. Breaking It Down The recent announcement by Cosmos to join LF Decentralized Trust comes amid a broader trend of blockchain entities seeking collaborative frameworks for development. This partnership will see Cosmos align with 14 other new members to foster open development of blockchain and related technologies. The…

Bitcoin’s trading landscape continues to evolve as a trader, known as Gambler 0x396d, opened a substantial long position worth $70.08 million. This trade, executed at a Bitcoin price of 911.55, has garnered attention due to its sheer size and the potential implications it has for market sentiment. With a liquidation price set at $76,308.6, this move reflects an optimistic outlook on Bitcoin’s performance in the near future. For further details, see Lookonchain’s tweet here. The Latest The broader crypto market is currently displaying mixed signals, with varying trader sentiments influencing Bitcoin’s price action. Gambler 0x396d’s recent $70.08 million long position,…

Tokenized deposits are digital representations of money and other assets already held at a bank, rather than separate stablecoins issued by a crypto company. A shared system could enable Canadian banks to test 24/7 programmable payments while keeping customer funds within the regulated banking system. Canada’s move comes as banks worldwide race to put deposits on blockchain infrastructure. In the U.S., regional lenders are building a shared tokenized-deposit network, while JPMorgan, Citi and Wells Fargo have pursued their own institutional offerings. Swift also recently began testing tokenized deposits for 24/7 cross-border payments with banks across six continents. The initiative adds…

$NEAR Protocol ($NEAR) is the second-best-performing cryptocurrency among the top 30 by market cap in the last 24 hours. The token is up 7.59% to trade at $2.51 following the attainment of the “[email protected]” Milestone. Why is $NEAR’s price up today? $NEAR Protocol rewards ecosystem growth by airdropping $NEAR tokens to eligible users whenever its total value locked (TVL) attains a pre-set landmark. This time, however, the airdrop exclusively focused on the network’s privacy-focused cross-chain pipeline known as the Confidential Intents. Dubbed the “[email protected]” Milestone Incentive Program, the scheme was designed to automatically distribute 333,333 locked and non-transferable…

The Federal Reserve has proposed new rules for payment stablecoin issuers under its supervision, advancing implementation of the $GENIUS Act’s regulatory framework. The first proposal would require stablecoins issued by Board supervised firms to be fully backed by permitted reserve assets, including short term Treasury bills and other high quality liquid assets. It would also establish standardized capital requirements covering credit and operational risks associated with stablecoin activities, alongside broader risk management standards. The Fed is separately proposing requirements for firms that safeguard stablecoin reserve assets and would clarify which stablecoin related activities are permitted for banks under its supervision.…

Major crypto exchange Coinbase appeared to record a massive surge in its $XRP holdings, according to X account $XRP Rich List Bot, which posted an hourly update showing Coinbase’s $XRP balance rising 4,870.7% to 5,569,165,957 $XRP. The surge coincided with no announcement of new buys or of Coinbase receiving the massive stash of $XRP, causing popular XRPL explorer XRPScan to set the record straight. The clarification remains necessary given that the $XRP Rich List Bot is an automated monitoring bot for $XRP-rich wallet balances, which reports hourly tracking of significant wallet changes, making it crucial for XRPScan to add the…

Bitcoin miner Riot Platforms this week repaid a $200 million credit facility from Coinbase Credit, releasing its collateral. The facility had been secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which was held in the custody of Coinbase Custody Trust Company. Riot finished paying the remaining principal and interest on Monday, according to a Friday filing with the US Securities and Exchange Commission. No early termination fees or penalties were incurred by Riot in connection with the prepayment or termination. The miner has also continued to expand its>reported in August, when Riot Platforms secured a…

Pyth Network has announced that corporate actions data for all US equities is now available, broadening its data offerings for financial applications. This includes crucial information such as splits, dividends, and ticker changes. The new data capability is significant as it allows developers and traders to better track market movements and corporate actions that impact their financial strategies. For more details, visit the official announcement. The Story So Far The announcement from Pyth Network comes at a time when the broader crypto market is exhibiting mixed signals, with various assets experiencing fluctuating momentum. This development is particularly noteworthy as it…