Author: NBTC

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…

Whale Alert announced the burning of 8 million $FRAX tokens, an action that equates to approximately 7,890,704 USD. This significant reduction in supply could have various implications for the $FRAX ecosystem and its stakeholders. You can view the official announcement here. What Went Down Traders scanning the order books got a surprise when Whale Alert reported the burning of 8 million $FRAX tokens. This event is particularly noteworthy as it directly reduces the circulating supply of the token. Such a move can lead to increased scarcity and potentially influence demand dynamics. The broader crypto market is currently exhibiting mixed signals,…

India’s cryptocurrency market is set to nearly quadruple in size over the next eight years, from an estimated $3.61 billion in 2026 to $14.21 billion by 2034, according to IMARC Group. That works out to a compound annual growth rate of roughly 18.7%. On paper, that’s an impressive trajectory. But the number itself tells only a fraction of the story. The more interesting question is what’s actually fueling this growth, who is driving it, and whether India’s regulatory and tax framework is built to handle a market four times its current size. Who’s Behind the Growth India already leads the…

Kraken clients holding any of 21 delisted tokens face a 14:00 UTC deadline on Aug. 27, when the exchange’s general withdrawal window closes; remaining balances will then move toward automatic liquidation. The exchange plans to liquidate remaining balances between Sept. 1 and Sept. 5 based on prevailing market conditions, according to its delisting notice. For balances left on the exchange, that removes holders’ control over when the assets are sold. The liquidation could also leave some with little or nothing because Kraken warned that several affected tokens have limited or inactive markets. What holders of delisted tokens need to know…

The Bitcoin market continues to take a hit, and investors both big and small are heavily feeling the ongoing market pressure, which has caused its price to drop to $61,000. The amount of $BTC in profit territory is steadily dropping following the recent decline in price, putting the market in a more bearish condition. Supply In Profit Contracts Amid Waning Bitcoin Price Action With a substantial fall in the percentage of circulating supply held in profit, Bitcoin is nearing a turning point. After the sharp decline, crypto analysts suggest that the market is drawing closer to what they describe as…

Kansas-based wealth manager Leisure Capital Management has revealed a position in Franklin Templeton’s $XRP ETF during the second quarter of the year. According to a newly filed regulatory form with the U.S. Securities and Exchange Commission, Leisure Capital Management held 16,745 shares of the Franklin $XRP Trust ETF (XRPZ). They were valued at roughly $206,000 as of June 30. The investment is not significant, but it shows that $XRP is gaining more and more acceptance. The Overland Park, Kansas-based wealth management firm manages investment portfolios for individuals and institutions and holds traditional equities, bonds and ETFs. Image via https://depositphotos.com/photos/kansas.html Its…

If a Democratic House majority wins in November’s midterms, it is expected that subpoenaing President Donald Trump’s finances and crypto dealings will take first priority. Meanwhile, the crypto industry’s market-structure bill, the CLARITY Act, could remain on hold for much longer than stakeholders would want. What would a Democratic House majority mean for Trump? Representative Jamie Raskin of Maryland, the ranking Democrat on the House Judiciary Committee, is expected to take the gavel if Democrats win the November midterms. He regards the corruption around the presidency “a civic emergency” and said a Democratic majority would let his party “call hearings,…