Author: NBTC

Stablecoin issuing giant Tether is closing down its euro stablecoin, EURT. “After careful consideration, we have made the decision to discontinue support for EUR₮,” the firm said in a press release on Wednesday. Users will be able to redeem tokens until Nov. 27, 2025, the post added. The decision comes as digital asset businesses operating in the EU are in crunch time before region-wide regulations, known as MiCA, enter into full force by the end of this year.MiCA requires stablecoin issuers to get compliant or potentially retreat from the market of 450 million consumers. Tether CEO Paolo Ardoino has been…

SEC’s Republican commissioners are preparing to overhaul the agency’s crypto policies as President-elect Donald Trump takes office, according to a Reuters report. Commissioners Hester Peirce and Mark Uyeda are set to begin reforms as early as next week, focusing on clarifying crypto asset securities classifications and reviewing enforcement cases. Sources familiar with the matter indicate the agency may pause or withdraw some non-fraud litigation. The policy shift comes as Paul Atkins, Trump’s nominee for SEC Chair, is expected to reverse the regulatory approach of outgoing Chair Gary Gensler. Atkins, a former SEC commissioner, is anticipated to implement more crypto-friendly policies…

The World Gemological Institute (WGI) has launched a groundbreaking collaboration with fintech company Vaultik to tokenize $3 billion worth of luxury goods, including diamonds and gemstones, watches and jewelry, on the Hedera blockchain. It aims to modernize the $100 billion diamond industry with a distributed ledger. This ensures the authenticity and transparency of certified assets, as well as security. Under the new agreement, all goods certified by WGI will receive a blockchain-based digital certificate. This ensures immutable verification of their origin, classification, authenticity and ownership. One of the most innovative aspects of the system is the fact that insurance can…

BTC/USD Bitcoin hit new record high on acceleration above 94K on Wednesday, lifted by growing expectations for more crypto-favorable conditions under incoming Trump’s administration. Break above the top of seven-day consolidation range generated initial signal of continuation of larger uptrend after bulls paused to consolidate recent strong post-US election gains. As I mentioned in my previous comments, overall sentiment remains very positive and tends to strengthen further on expectations for more friendly environment for cryptocurrencies and particularly for the bitcoin, the world’s biggest and best known cryptocurrency. Trump and his team pointed to enormous potential of bitcoin, which might be…

The popular Shiba Inu (SHIB) cryptocurrency is seeing disturbing developments in the behind-the-scenes, on-chain reality of the crypto market. According to data from IntoTheBlock, the number of Shiba Inu tokens shipped from wallets by major token holders over the past 24 hours totaled 7.48 trillion SHIB. By comparison, the previous day’s outflow from whale addresses was only 1.05 trillion SHIB, which represents a more than sevenfold increase, or 712.38%. To clarify, only those addresses that hold at least 0.1% of the circulating volume of the Shiba Inu token are taken into account. Interestingly, the inflow to these wallets also increased…

The U.K. government has appointed Emma Reynolds as the new Economic Secretary in charge of overseeing digital assets and central bank digital currencies — alongside the broader financial sector. The appointment was announced on Tuesday following the resignation of Tulip Siddiq, who set out the government’s crypto agenda weeks ago. It is not yet clear what the appointment of Reynolds, the former Parliamentary secretary at the Treasury, will do for the country’s crypto plans. However, the Financial Conduct Authority has already set out its agenda for a new crypto regime. Reynolds previously worked at TheCityUK, a trade body, as a…

Omnity Network, the blockchain infrastructure platform rebranded from Octopus Network, has announced a new project, Runes Exchange Environment (REE). As per Omnity Network, this newly launched project is all set to transform the utility of Bitcoin ($BTC). The project will enable Turing-complete smart contracts to establish a decentralized execution layer. Our Runes Exchange Environment (REE) is coming soon! But what exactly is REE? 🤔REE introduces a decentralized execution layer for Bitcoin, enabling Turing-complete smart contracts for BTCFi applications. By eliminating the need for asset bridging, it delivers a seamless,… pic.twitter.com/AOMkYx3KlS — Omnity Network (@OmnityNetwork) January 16, 2025 The respective layer…

One widely followed crypto analyst says that Bitcoin (BTC) is convincingly breaking out and on track to have a series of big rallies after printing a new all-time high Wednesday of about $94,800. Pseudonymous crypto analyst Rekt Capital tells his 505,900 followers on the social media platform X that Bitcoin appears to have entered the most explosive phase of the market cycle based on historical precedence. “The BTC dip is over. The first price discovery uptrend continues.” Source: Rekt Capital/X Crypto traders and analysts refer to price discovery as a situation where a coin trades at levels never seen before…

Supra, a fully integrated Layer-1 (L1) blockchain, has officially launched its mainnet together with a token generation event (TGE), as noted in the recent reports shared with Finbold on Wednesday, November 27. The SUPRA token is now available to a global audience on leading crypto platforms such as ByBit, KuCoin, Gate, and MEXC, with more exchange partnerships announced for the near future. Supra Mainnet launch In an effort to meet demanding industry standards, the mainnet launch is the result of months of meticulous preparation with Tier-1 and Tier-2 exchanges and years of innovation by a multidisciplinary team. Joshua Tobkin, Chief…

Jian Wen, a former U.K. takeaway worker convicted of money laundering Bitcoin, must pay over $3.78 million (£3.1 million) or risk serving an additional seven years in prison. The order comes as part of a Confiscation Order following a money laundering conviction. Wen, 42, was previously sentenced to six years and eight months in prison at Southwark Crown Court after being linked to a cryptocurrency wallet containing 150 Bitcoin—worth nearly $15 million at today’s prices. “Prosecutors told the court the sheer scale of the seized Bitcoin, the lack of any legitimate evidence for how it was acquired, all indicated that…