Author: NBTC

Stablecoin payments company RedotPay delayed a planned $1 billion U.S. IPO to deal with legal issues, Bloomberg reported Friday, citing people familiar with the decision. The listing, initially planned for this year, is unlikely to take place before 2027, the people told the financial news organization. “Our strategy continues to focus on global regulatory compliance and business growth,” a RedotPay spokesperson told CoinDesk via Telegram. “This week we obtained a money transmitter license in the U.S. We are preparing to launch our product in the U.S.” The spokesperson declined to comment on the IPO plan, which emerged in February. Hong…

Digital Currency Group’s Zcash mining subsidiary, Fortitude, mined 33,646 $ZEC during the second quarter of the year, generating $20.9 million in revenue, according to a report by The Block. However, the company recorded a net loss of $9.5 million, largely due to a $10.3 million impairment loss tied to mining equipment and related assets. Operational Performance and Financial Impact The revenue figure reflects Fortitude’s mining output against prevailing $ZEC prices during the period. While the company successfully mined a substantial number of coins, the impairment charge significantly impacted its bottom line. This write-down suggests a revaluation of the mining hardware’s…

A Chainlink price oracle collects asset price data from many independent sources, aggregates that data off-chain, and publishes a single trusted value on the blockchain so smart contracts can use it to make decisions, such as whether to liquidate a loan or how much collateral a trade requires. Blockchains cannot see outside their own network on their own, so this data delivery service, run by a decentralized oracle network, or DON, fills that gap for lending platforms, derivatives exchanges, and stablecoin systems across the crypto industry. What Problem Does a Price Oracle Solve? Smart contracts are isolated by design. A…

As the Bitcoin network debates the fate of BIP-110, a proposal aimed at curbing non-monetary data on the blockchain, developer Chris Guida has taken proactive steps to prepare a contingency plan. Guida has reworked the 2017 proof-of-work (PoW) change code to be compatible with the latest version of Bitcoin Knots, a full-node implementation, according to Bitcoin News. This move is designed as a fallback if major mining pools do not support the soft fork, ensuring that the network can still enforce the intended changes. Background: The BIP-110 Proposal BIP-110, short for Bitcoin Improvement Proposal 110, seeks to reduce the amount…

A critical week has begun for Bitcoin and altcoins, with markets awaiting the Fed’s July decision. While the Fed is largely expected to keep interest rates unchanged, statements from Fed Chairman Kevin Warsh are anticipated to be significant for cryptocurrencies. In this context, with the FED decision eagerly awaited, BTC options traders reduced their short-bound hedging positions ahead of the FED announcement. Glassnode analysts noted that the put/call ratio, which was at 0.76 at the end of June and indicates measures taken against a potential decline, has fallen to approximately 0.52. According to analysts, this sharp decline indicates that investors…

Forbes has included $XRP among its 10 best cryptocurrencies to invest in for July 2026, placing it fourth behind Bitcoin, Ethereum, and $BNB. The ranking comes from the publication’s latest review of major digital assets based on factors such as real-world use, market size, recent price performance, and trading activity. The publication limited its selection to cryptocurrencies with market capitalizations above $5 billion, noting that larger assets tend to show greater stability and attract more institutional interest. Besides the top four, the list also includes Solana (SOL), TRON (TRX), Hyperliquid (HYPE), Rain (RAIN), UNUS SED $LEO ($LEO), and Zcash (ZEC).…

The Commodity Futures Trading Commission has sued a Florida crypto trading firm and its chief executive, alleging they ran a Ponzi scheme that took in at least $397 million from about 1,600 customers and spent it on fake payouts and personal luxuries. The complaint, filed in the U.S. District Court for the Middle District of Florida, names Goliath Ventures Inc. and its CEO, Christopher Delgado, a Florida resident. According to the CFTC, Delgado and his company solicited money from the public for crypto asset trading, primarily in Bitcoin and other cryptos, then misappropriated all of it. .@CFTC Charges Goliath Ventures…

Bank Leumi, Israel’s largest bank, will offer cryptocurrency trading to customers from early 2027 becoming the first Israeli bank to announce such a service. Customers of Leumi and its mobile banking unit, Pepper, will be able to buy, hold and sell bitcoin BTC$62,880.24, ether ETH$1,875.38 and solana (SOL) through a section of the Leumi Trade app, according to a Friday announcement. Galaxy Digital (GLXY) will provide trading and services through GalaxyOne Institutional, its platform for banks and asset managers. Leumi has also signed an agreement to use Galaxy’s custody infrastructure, formerly known as GK8, to support the offering. The tie-up…

Nasdaq-listed Bitcoin miner Bitdeer has confirmed the sale of all 265.6 Bitcoin mined during the current week, according to a statement on its official X account. The move extends the company’s zero-$BTC treasury strategy, which has been in place since February, under which every newly mined coin is immediately converted into cash. Zero-$BTC Strategy Continues Bitdeer reduced its Bitcoin holdings to zero as of February 20 and has since adopted a policy of selling all mined Bitcoin immediately. This approach contrasts with many peers that hold a portion of their production as a treasury reserve. The company’s decision reflects a…

South Korea’s Hanwha Asset Management is making a strategic move into digital assets through a new partnership with Ripple and U.S.-based Canary Capital, according to an exclusive report by Hankyung. The collaboration signals a growing interest from traditional financial institutions in blockchain-based products, particularly in the area of real-world asset (RWA) tokenization. Strategic Partnership Details Canary Capital CEO Steven McClurg confirmed the partnership, emphasizing the firms’ shared belief in the transformative potential of tokenization. “We strongly believe tokenization of real-world assets (RWA) is the future of the financial system,” McClurg said. He added that extensive discussions have taken place about…