Author: NBTC

“They came to us highly recommended by an alumni CEO that we had already backed,” Rist told CoinDesk in an interview. “So, there was a lot of trust there, and this CEO said, ‘You got to meet these guys’. They were serial entrepreneurs coming out of South Africa. They’d never built businesses outside of South Africa, but they were hungry. They were relentless.” Despite enjoying a sturdy exit, Rist said he feels mixed emotions toward the Mastercard acquisition, having been part of the whole BVNK journey. “It’s actually sad to sign the papers, almost like sending your son off to…

European Union officials are preparing to revise the bloc’s MiCA crypto framework in 2027 as foreign stablecoin restrictions and faster U.S. rulemaking expose gaps in the existing regime. EU officials reportedly see MiCA revision as unavoidable European diplomats said policymakers are expected to reopen the Markets in Crypto-Assets Regulation in 2027, according to a Euronews report. The planned revision would examine how MiCA treats stablecoins issued outside the European Union. Current requirements have prevented several foreign issuers from receiving authorization, limiting their access to regulated exchanges across the bloc. “Reopening the file seems unavoidable at this stage,” an unidentified European…

Most traders assume depegs are slow. They are not. Inside the 30 second window where arbitrage bots, liquidation cascades, and oracle lag collide to turn a minor price slip into a systemic event. The popular explanation of a stablecoin depeg involves a gradual loss of confidence: reserves are questioned, redemptions spike, and the peg erodes over hours or days. That version describes Terra’s collapse. It does not describe what happens when $USDC trades at $0.87 on a Friday afternoon because a bank failed, or when $USDT briefly drops to $0.97 on Curve during a liquidity crunch. Those events last seconds…

BlackRock has moved its proposed Bitcoin income-focused exchange-traded fund closer to market debut after filing a key registration document with the U.S. Securities and Exchange Commission. According to a Form 8-A submitted to the SEC on June 11, BlackRock’s iShares Bitcoin Premium Income ETF has been registered for listing on the Nasdaq Stock Market. The filing covers the registration of the trust’s shares under Section 12(b) of the Securities Exchange Act and follows a series of recent amendments tied to the product. Soon after the filing became public, Bloomberg Senior ETF Analyst Eric Balchunas said on X that BlackRock had…

Asian stocks climbed on Monday after a surprisingly weak US jobs report eased fears of an imminent Federal Reserve rate increase, helping risk appetite recover even as oil prices moved higher on renewed uncertainty around the Strait of Hormuz. Japan’s Nikkei 225 rose about 2%, South Korea’s KOSPI added 1.1% and MSCI’s broadest Asia-Pacific gauge outside Japan gained 0.8%. The advance followed record closes on Wall Street on Friday, where investors treated softer hiring as a reason for the Fed to stay patient. China moved in the other direction, with the CSI 300 down 0.4% after inflation data reinforced concerns…

Blockchain company Ripple has launched Ripple Mint, a new platform that allows institutional clients to create, manage, and transfer its Ripple USD ($RLUSD) stablecoin across different networks. According to the company’s statement, Ripple Mint enables institutions to mint and redeem $RLUSD, bridge assets across supported blockchain networks, and track transactions end-to-end. The platform will be accessible via both a web-based user interface and API integration. Ripple stated that the new platform was developed specifically for customers who handle high-volume transactions and need automation, real-time visibility, and on-premises system integration instead of manual processes. Organizations will be able to integrate $RLUSD…

Regulators from Washington, London, Brussels, and Hong Kong are finalizing a new set of rules that grant them the authority to identify, freeze, and in some scenarios redirect cross-border stablecoin transfers. Stablecoins, which used to be hard to control, are now slowly being subjected to the same regulations that apply to traditional banks. The change affects anyone engaged in cross-border transactions using tokens pegged to the dollar or pound sterling, including those sending remittances and companies’ treasury departments. Stablecoins can move rapidly on the blockchain, but the entrance and exit points of their users create opportunities for regulatory oversight and…

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have recorded remarkable trading volumes in some altcoins over the past 24 hours. Investor interest, particularly concentrated in South Korean won (KRW) trading pairs, has led to some lower market cap altcoins achieving volumes approaching, and in some cases surpassing, those of major cryptocurrencies like Bitcoin and Ethereum. When the data from the two exchanges are considered together, the highest trading volume was seen on Momentum ($MMT). $MMT reached approximately $39.7 million on Upbit and $6 million on Bithumb, generating a total trading volume of approximately $45.7 million. $XRP was also among…

There is increasing consensus that Bitcoin’s performance pattern, linked to halving events, may be fully intact. Analyst Benjamin Cowen is the latest to reinforce the four-year $BTC cycle, noting that, The four-year cycle for Bitcoin is not broken. In fact, $BTC’s average drawdown in midterm years is nearly identical to what it is now. According to him, the asset’s current performance also mirrored past U.S midterm elections. For perspective, the U.S spot $BTC ETFs debut in 2024 was widely viewed as a key update that would break the 4-year cycle. But key metrics now point towards Cowen’s stance. Will Bitcoin…

Coinbase CEO Brian Armstrong has pushed back against the notion that the cryptocurrency industry’s contributions to global financial inclusion are being overlooked. In a recent post on X, Armstrong argued that digital assets have played a pivotal role in bringing financial services to underserved populations, a point he says is often missing from mainstream discussions. Stablecoins and Dollar Access Armstrong highlighted the impact of stablecoins, noting that they have effectively brought the U.S. dollar on-chain. This allows anyone, regardless of location, to hold a currency with lower inflation potential and transfer funds at any time for a fraction of a…