Author: NBTC

The recent US passage of the GENIUS Act marked a significant turning point for stablecoins, setting a regulatory precedent that may shape digital finance globally. Fabian Dori, chief investment officer at Sygnum Bank, joined the latest episode of Cointelegraph’s Byte-Sized Insight podcast, detailing how the act will influence stablecoin adoption, institutional engagement and international regulatory alignment. Innovation and stability The GENIUS Act, which introduces a clear federal regulatory framework for fiat-backed stablecoins, demands full transparency from issuers, including one-to-one asset backing, mandatory federal licensing and independent reserve audits. According to Dori, these provisions are essential for driving responsible innovation and…

A transaction involving crypto exchange Kraken, an unidentified wallet, and a staggering amount of XRP is raising eyebrows in the crypto community. For context, Whale Alert reported on August 1 that Kraken has just moved 82,277,388 XRP, worth $246.4 million, to an unknown wallet. Considering the recent market standing and the direction of the transaction, reactions suggested that it was a whale buying the dip. Whale Alert on X Kraken Transfers Millions of XRP to Unidentified Address Notably, further details of the transaction showed it happened at exactly 12:50 (UTC) on Friday. Sending address “rLHzPs,” marked as a Kraken wallet,…

BlackRock’s iShares Bitcoin Trust (IBIT) is racing toward $100 billion in assets, a milestone it could reach before the end of July. Following a surge in inflows and a robust Bitcoin rally, IBIT’s total net assets have soared to approximately $88 billion — just $12 billion away from that threshold. Trading at around $69 on the NASDAQ, IBIT is not only the largest Bitcoin fund on the market but also BlackRock’s most profitable ETF overall, according to Bloomberg’s Eric Balchunas. Despite being only 1.5 years old, IBIT has jumped to become the 20th largest ETF in the U.S. and the…

The digital asset world is buzzing once again with news from the heart of the Ethereum ecosystem. The Ethereum Foundation, a cornerstone in the development and growth of the Ethereum blockchain, has recently executed another significant internal ETH transfer, sparking discussions and analyses across the crypto community. While such movements are part of the Foundation’s routine operations, each transaction offers a glimpse into the strategic financial management that underpins one of the world’s most influential decentralized networks. Unpacking the Ethereum Foundation’s Latest Strategic ETH Transfer According to data from blockchain analytics firm Arkham, the Ethereum Foundation recently moved an additional…

The Justice Ministry of the Czech Republic should have rejected a $45 million Bitcoin donation that sparked a major political scandal in the country, an external audit has found. The digital currency donation, made by a convicted drug dealer, resulted in the resignation of its former head, Pavel Blažek, who still insists he didn’t do anything illegal. Czech ministry should have declined the donation, auditors say The justice ministry in Prague should not have accepted a billion Czech crowns in the form of a cryptocurrency donation, as it could have recognized the potential risks, according to an independent audit, partially…

Crypto exchange Gate is launching in the United States, offering spot trading services to US customers for the first time. Founded in 2013 by Chinese scientist Lin Han, the company cited improved regulatory clarity in the country as the reason behind the move. According to Gate, it will initially offer crypto trading pairs for US customers, with upcoming services for fiat on- and off-ramps and support for custodial wallets. As of July 24, the exchange offered over 3,800 trading pairs on its platform, one of the largest asset varieties in the market. Spot trading volume on Gate reached $6.8 billion…

HIVE Digital co-founder Frank Holmes stated this week that several sanctioned nations are actively mining Bitcoin (BTC) in secret, turning to the crypto as an alternative revenue stream in the face of U.S. financial restrictions. Holmes made the claims during a recent interview with the Roundtable. He tied a recent drop in global mining difficulty to military strikes targeting power infrastructure in Iran, suggesting the country’s military was using energy resources to mine Bitcoin and generate hard currency. The comments reflect a broader trend in which governments cut off from traditional financial systems are leveraging crypto mining to fill economic…

ETH Strategy completes a pre-launch raise as it gears up to debut its on-chain protocol. So far, the project has raised a total of 12,342 Ethereum to date. How will it affect ETH in the long-run? Summary ETH Strategy is set to debut on-chain after raising $46.5 million in ETH. Institutional demand for ETH could lead to increased stockpiling action that drives the price up. However, ETH Strategy’s unlocking period could lead to slight corrections. The treasury protocol ETH Strategy recently completed a raise that has amounted to around $46.5 million in ETH (ETH), according to its report summary. The…

Earlier this Tuesday, the prices of Bitcoin (BTC), XRP, and other major tokens surged higher amid rumors of Federal Reserve Chair Jerome Powell’s resignation started spreading like wildfire on the X social media network. Several right-wing influencers and some cryptocurrency accounts started sharing a resignation letter that was allegedly written by Powell. However, there is no official statement regarding Powell’s resignation, and the letter is obviously not authentic. Apart from nonsensical text, its seal, which was likely generated with the help of artificial intelligence (AI), features some gibberish text instead of clearly legible titles. There are also some glaring design…

Tyler Winklevoss, the CEO of crypto exchange Gemini, is at the center of a rift over support of President Donald Trump’s nominee to run the obscure-but-highly-relevant regulatory agency, the Commodity Futures Trading Commission. He thinks former CFTC Commissioner Brian Quintenz is a bad choice, and he’s been talking with officials from the Trump administration about it, he told CoinDesk in an interview. That coincides with the White House slamming the brakes on a necessary step in Quintenz’s confirmation process in the Senate. The administration didn’t give the Senate Agriculture Committee a full explanation when it halted Quintenz’s committee vote this…