Author: NBTC
Ukraine has been losing billions of U.S. dollars in budget revenues as a result of crimes related to cryptocurrencies, a new report has indicated. Proper crypto oversight can help the war-torn country’s government to recover some $10 billion or more, according to a quoted estimate. Criminals take advantage of Ukraine’s crypto Wild East From corrupt officials to ordinary criminals, and even the Russian military – many are exploiting Ukraine’s unregulated crypto market for their own benefit and purpose, reveals a study carried out by the U.K.’s leading defense and security think tank. The findings in the report by the Royal…
Aave Horizon has surpassed $50 million in deposits within days of its launch, while early borrowing activity has already reached $6.2 million, primarily in USDC. Summary Aave Horizon has surpassed $50 million in deposits just days after launch, dominated by RLUSD and USDC. Borrowing activity is still modest at $6.2 million, with nearly all loans taken in USDC. Just days after launch, Aave Labs’ institutional lending platform Horizon has already surpassed $50 million in deposits. While borrowing activity remains modest at around $6.2 million, the rapid inflow of liquidity highlights growing institutional interest in tokenized assets and on-chain credit markets.…
An Indian court has sentenced a former legislative assembly member of the Bharatiya Janata Party (BJP) to life in prison for his involvement in a high-profile bitcoin extortion plot. Nalin Kotadiya and thirteen other individuals were convicted for the 2018 kidnapping of a Surat businessman and extorting 200 bitcoins from him. Life Sentences in 2018 Extortion Case A local court in Ahmedabad delivered today’s verdict, concluding the high-profile case that dates back to 2018. Fourteen people, including former BJP legislative assembly member Nalin Kotadiya and ex-Indian Police Service officer Jagdish Patel, were found guilty and sentenced to life in prison.…
Prediction market protocol Myriad has passed $10 million in USDC trading volume with over half a million users, as it builds on its mission to make information itself a tradable asset class. The protocol’s rapid expansion is “building the rails for prediction markets to evolve beyond a niche crypto product and become an entirely new segment of DeFi,” Loxley Fernandes, co-founder and CEO of Myriad, said in a statement shared with Decrypt. “Financial markets have always been about speculation, but Myriad is turning speculation into a product,” Fernandes said, adding that Myriad’s success demonstrates that “trading ideas and forecasts is…
StablesLabs, the issuer of USDX and sUSDX stablecoins, commended Citibank’s ground-breaking plans to integrate stablecoin transfers into its traditional banking infrastructure. Yesterday, August 15, 2025, fresh data disclosed that Citigroup, a US investment bank, is making preparations to broaden its presence in the virtual currency landscape, with plans to offer custody and related services for stablecoins and crypto-focused investment products. When TradFi Validates DeFi: @Citibank Stablecoin Move Echoes Our Vision1️⃣ We Saw This ComingRegulators are finally setting clear rules for stablecoins — from issuance to custody. It’s exactly the environment we designed $USDX and $sUSDX for: fully compliant, secure, and……
U.S. lawmakers ramped up global momentum on digital asset regulation and monetary policy during a high-stakes European tour aimed at fortifying transatlantic financial and security alliances. Congressional Delegation Advances US-Europe Alliance on Crypto, Policy, and Security U.S. House Committee on Financial Services Chairman French Hill announced on Aug. 29, 2025, that he and Rep. Vicente Gonzalez led a bipartisan delegation to Italy, Switzerland, and Germany from Aug. 20 to 28 to strengthen U.S.-European ties on financial regulation and security. The lawmakers met with senior officials from both government and industry to discuss digital assets, tokenization, monetary policy, and transatlantic cooperation…
Jupiter, a DeFi application on Solana, has launched the public beta of its new lending platform, Jupiter Lend. The project was developed in partnership with Fluid, a company known for building lending markets on Ethereum. The security of the platform has been reviewed through two independent audits by Zenith and Offside Labs, with three additional audits in progress. Jupiter plans to open-source the code and introduce a bug bounty program once reviews are complete. The platform includes more than 40 vaults and offers over $2 million in incentives from Jupiter, Fluid, and ecosystem partners. Within the first 24 hours, the…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s worth taking another look at those corporations hoarding crypto — particularly as we see momentum around the ones accumulating ETH. You may know them as crypto treasury companies or, as Blockworks Research’s Dan Smith calls them: DATs (digital asset treasuries). But no matter the label, they’ve grown big enough for many to notice — and we’re not just talking about Michael Saylor’s Strategy. Though Strategy (holding 628,946 BTC) has historically dominated trading volumes in this segment of companies, we saw BitMine Immersion (BMNR) eclipse the…
The US Senate plans to consider a new bill to regulate cryptocurrency markets at the end of September. According to information provided by sources familiar with the matter, the Senate Banking Committee aims to hold a markup hearing on September 30 for the bill titled “Responsible Financial Innovation Act of 2025.” The bill specifically aims to clarify the Securities and Exchange Commission’s (SEC) role in crypto markets. A markup session will give committee members an opportunity to propose amendments to the bill. The committee can then decide to submit the legislation to the full Senate. Meanwhile, the Senate Agriculture Committee,…
BlackRock CEO Larry Fink nominated as interim co-chair of World Economic Forum board Summary Larry Fink, CEO of BlackRock, became interim chair of the World Economic Forum board Formerly a Bitcoin skeptic, Fink has been the driving force behind Wall Street’s crypto adoption WEF founder, Klaus Schwab, recently resigned amid reorganization Bitcoin (BTC) may soon be getting a seat at one of the most influential finance forums in the world. On Friday, August 15, Larry Fink, CEO of BlackRock, was appointed interim co-chair of the World Economic Forum board. Fink will share the role with André Hoffmann, vice chairman of…