Author: NBTC

The US Government Accountability Office has urged the Federal Deposit Insurance Corporation to make an effort to coordinate with other federal agencies to address risks from blockchain technology. GAO made a June 8 letter to FDIC Chairman Travis Hill public on Monday, which said that it first flagged priority recommendations with the regulator in May last year, including addressing blockchain technology risks. It said that blockchain technology was an area of concern that it put on its “High Risk List,” as it deems that regulators have struggled to oversee blockchain-based financial products and the risks they could pose to US…

When a crypto exchange starts quoting yields that look more like a DeFi summer headline than a disciplined wealth management service, the market should pay attention—but not just for the number. Bybit’s announcement that its Private Wealth Management division generated over 50% in 30-day annualized returns across multiple strategies reveals as much about the competitive sprint for institutional capital as it does about the risk frameworks that accompany such figures. Bybit, which has consistently ranked as the second-largest crypto exchange by trading volume, is not the first platform to court high-net-worth individuals and family offices with wealth management suites. But…

NeoPod hosted its first community AMA on June 10, featuring NNT writer and editor Dylan Grabowski, in a wide-ranging text-based Discord session covering Neo’s current state, the ongoing governance dispute between co-founders, and what the ecosystem needs to move forward. The event marks a new chapter for the NeoPod 2.0 refresh, which relaunched earlier this year with a focus on quality content creation and deeper community engagement. Grabowski, who has been with NNT since 2018 and also hosts The Smart Economy Podcast and serves as a GrantShares and Neo Council voting member, was candid throughout the session. A fractured ecosystem,…

Liquify DAO, a renowned DAO for multichain liquidity infrastructure, has joined AstroX Finance, a Dubai-based Web3 entity. The partnership aims to merge the decentralized ecosystem of Liquify with the livestream-driven multichain token entity of AstroX Finance. As per Liquify DAO’s official X announcement, the development endeavors to establish a relatively interactive Web3 setting where traders, creators, and communities can take part in robust digital asset experiences in real time. Hence, both entities are focusing on enhancing accessibility, engagement, interaction with the DeFi sector, and capital efficiency. 🤝 Liquify x @AstroXFinance 🤝 We’re excited to partner with @AstroXFinance, the world’s first…

Wall Street’s largest asset managers are increasingly competing to manage the assets backing stablecoins, a market that could swell into the trillions of dollars as digital dollars become a larger part of the financial system. State Street Investment Management introduced the State Street Stablecoin Reserves Money Market Fund on Tuesday, a government money market fund designed specifically for stablecoin issuers operating under the framework established by the $GENIUS Act. The fund’s introduction comes as traditional financial (TradFi) firms race to position themselves as key providers of reserve management services for stablecoin issuers. Stablecoins, which are typically pegged to the U.S.…

Input Output (IO), the main developer of the Cardano ecosystem, has significantly reduced the amount of funding it requests from the community treasury. According to the company’s new proposal, the requested budget for this year is $46.8 million. This figure is approximately half of the $97.5 million requested last year. This move is seen as part of an effort to create a more sustainable financing model within the Cardano community. In a statement, IO indicated that the goal is to gradually reduce the amount of funds requested from the community treasury each year. The ultimate aim is for the company…

Dubai’s Virtual Assets Regulatory Authority has issued new anti-money laundering guidance that pushes licensed crypto firms toward more data-driven and frequently updated risk assessments. The guidance, released on June 12, requires virtual asset service providers to integrate FATF high-risk and increased-monitoring jurisdictions into their compliance processes. It also raises expectations around risk monitoring, senior management oversight, AI-related risks, anonymity-enhancing transactions, and proliferation financing. The update raises the compliance bar for one of the world’s most active crypto licensing hubs. NeosLegal estimates that more than 100 VASPs hold permits or approvals across UAE regulators, including VARA, ADGM, DFSA, CBUAE, and CMA.…

NeoRedPill, a community-led memecoin on the Neo N3 blockchain, has signed a listing agreement with cryptocurrency exchange BiFinance, marking the community project’s first centralized exchange listing. The token is indicated to go live on BiFinance on July 1. NeoRedPill launched in January 2025 as a community-driven NEP-17 token and has since been tradable exclusively through the NRP/FUSD pair on Flamingo Finance. The team behind the project also operates Neo Ultimate Shop, a physical merchandise store bootstrapped through a successful GrantShares proposal, which accepts NRP as a payment method. BiFinance listing and Neo N3 integration BiFinance is a cryptocurrency exchange founded…

The Hashgraph Group, a Web3 and AI engineering company, and Truesense, a developer of ultra-wideband sensing technology, announced the filing of a European patent application for Continuous Identity Trust Infrastructure (CITI). The new system is designed to connect proof of a person’s physical presence with a decentralized digital identity while protecting personal data. The patent application was submitted to the European Patent Office on April 4, 2026, and covers more than 44 European countries. The companies are also preparing a patent filing in the United States. CITI combines three technologies: ultra-wideband (UWB) sensing, decentralized identifiers (DIDs), and zero-knowledge proof (ZKP)…

Bitcoin (BTC) may be entering the early stages of a new bull market, with the asset eyeing the $100,000 level after days of consolidation around $80,000. The outlook follows CryptoQuant’s Bull-Bear Market Cycle Indicator turning green for the first time since March 2023, a signal that has historically marked major shifts in Bitcoin’s momentum. The indicator, which tracks long-term market conditions using moving averages and cycle data, has exited the bearish zone and entered the “early bull” phase, a transition that has often preceded sustained Bitcoin rallies. CryptoQuant’s Bull-Bear Market Cycle Indicator. Source: CryptoQuant In this line, insights shared by…