Author: NBTC
Governments force banks to report your activity, judge whether you are being suspicious, and close your accounts when you step out of the norm. How? It dates back to 1970. President Richard Nixon had not yet been caught surveilling his political opponents. Instead, Oct. 26, 1970 marks when President Nixon signed the Bank Secrecy Act and set the foundation for a new regime of financial surveillance. Since then, the American public has been forced to endure 55 years of ever-expanding financial surveillance. Congress should not let the Bank Secrecy Act have a 56th anniversary — at least not in its…
Nansen has officially integrated with Plasma — the high-performance Layer 1 designed for global USD₮ payments — unlocking real-time growth dashboards, smart-money tracking, token intelligence, wallet activity analytics, and full API + app support for builders across the ecosystem. —Built for speed, scale, and modular execution, Plasma now becomes the latest chain supported across Nansen’s onchain intelligence suite, allowing developers, investors, and users to monitor adoption, activity, and capital flows with precision from day one. “Our Plasma integration makes it easier for users and builders to understand, track, and engage with this fast-growing network from day one. We’re connecting the…
Two headlines hit the internet within hours of each other this week, and together they map the current state of DeFi’s security theater. StakeWise DAO executed contract calls to recover approximately $19.3 million in osETH, along with an additional $1.7 million in osGNO, from the Balancer V2 exploit that drained between $110 million and $128 million across multiple chains. At the exact moment, Stream Finance froze deposits and withdrawals after an external fund manager disclosed a $93 million loss, sending its staked stablecoin, xUSD, into a depeg that bottomed out at somewhere between 30 and 50 cents on the dollar.…
Ethereum is regaining momentum as traders position ahead of key U.S. economic data that could shape the next move across crypto markets. Summary Ethereum price rose nearly 2% to around $3,870 as investors await the upcoming U.S. inflation report. A modest uptrend in the broader market is adding to the price boost. Stronger on-chain activity and DeFi growth are reinforcing market confidence as ETH tests resistance near $3,890, eyeing a potential breakout toward $4,090. Ethereum is trading around $3,870, up nearly 2% over the past 24 hours, as the market turns its attention to the upcoming U.S. inflation report. The…
Analysts at investment bank Compass Point believe that Robinhood’s stock will continue to climb, pointing to prediction market growth and revenue from crypto trading fees and staking rewards. Professional sports are emerging as a notable tailwind for Robinhood. When the retail brokerage reports third-quarter earnings next month, Robinhood will likely say that revenue generated from prediction markets grew at a faster rate than revenue derived from processing customers’ transactions, the analysts wrote in a Monday note. In the three months ended Sept. 30, prediction market revenue likely increased 100% quarter-over-quarter to around $20 million, Compass analysts wrote. Meanwhile, Compass analysts…
Russia’s monetary authority is now calling for the swift legalization of crypto exchange in the country under strict government control. The regulation of platforms swapping Russian fiat for digital coins will curb money laundering and boost the use of cryptocurrencies in foreign trade, its management is convinced. Russia’s central bank urging for crypto exchange legalization Establishing a legal framework for cryptocurrency exchange and rules for the providers of related services has become a top priority of Russian authorities, according to Vladimir Chistyukhin, first deputy chairman of the Central Bank of Russia (CBR). Speaking at a meeting of the Committee on…
Blazpay, a renowned decentralized payment platform, has partnered with PVPFUN, an intuitive Web3 infrastructure platform. The partnership endeavors to redefine the ways for gamers and creators to develop, earn, and play in the advanced decentralized settings. Blazpay revealed in its official X announcement that the development is set to provide an inclusive platform for creators as well as game players to engage in streamlined on-chain interactions. Hence, the move could serve as a key breakthrough toward the establishment of a community-driven, creator-centered economy in the Web3 landscape. We’re excited to announce our partnership with @pvpfun_ai — the intelligent Web3 infrastructure…
Ondo Finance named Chainlink as the official oracle provider for its tokenized stocks and exchange-traded funds (ETFs), aiming to improve how financial data moves across blockchain networks. Chainlink will supply custom price feeds for the more than 100 tokenized equities on Ondo’s platform, including U.S.-listed stocks and ETFs. Ondo’s tokenized equities now span 10 blockchains and represent over $320 million in total value locked, according to a statement shared with CoinDesk. The data includes corporate actions like dividend payments and is intended to help keep valuations accurate across the various blockchains where these assets are traded. Ondo has recently expanded…
Stream Finance, a decentralized finance (DeFi) protocol, has suspended all deposits and withdrawals after reportedly losing $93 million in an exploit involving one of its external asset managers. The company says it is assessing the full scope of the incident and has hired legal experts from Perkins Coie to investigate. However, pending deposits will not be processed until further notice. The issue began when Stream’s native stablecoin, Staked Stream USD (xUSD), lost its peg to the U.S. dollar. According to PeckShield, xUSD fell as low as $0.30 on Tuesday before partially recovering to the $0.37 range. What’s with XRP? This…
Bitcoin’s march into mainstream finance just hit a landmark moment as a major credit agency officially rated a bitcoin treasury firm, signaling a seismic shift in how traditional markets recognize digital assets as strategic reserves. S&P’s Historic Rating Signals Institutional Legitimacy For Bitcoin Treasuries Growing institutional confidence in bitcoin as a strategic reserve asset has taken a major step forward with a historic move by S&P Global Ratings. The agency assigned a “B-” issuer credit rating with a stable outlook to Strategy Inc. (formerly Microstrategy Inc.) on Oct. 27, marking the first-ever rating of a bitcoin treasury company by a…