Author: NBTC

US Labor Secretary Lori Chavez-DeRemer has resigned from the Trump administration amid an active inspector general investigation into misconduct allegations, making her the third cabinet member to depart during the president’s second term. Lori Chavez-DeRemer stepped down as US Secretary of Labor on April 21, with the White House announcing she would be moving to the private sector. NBC News reported that Chavez-DeRemer had been facing a probe from the Labor Department’s inspector general over allegations including travel fraud, an alleged affair with a member of her security team, and other conduct concerns. Her attorney said the resignation “is not…

The global payments landscape is evolving at a rapid pace, and one development stands out clearly. The Ripple Treasury integration has now connected to the FedNow through ClearConnect. This move signals a deeper alignment between blockchain infrastructure and traditional financial systems. This integration does not simply add another feature to Ripple’s ecosystem. It brings U.S. payment rails into closer proximity with blockchain-powered liquidity solutions. Financial institutions now explore faster settlement, improved transparency, and enhanced efficiency through a unified framework. The Ripple Treasury integration positions itself as a bridge between legacy banking systems and modern digital finance. With access to the…

$REAL and RWA Inc. have formed a strategic partnership focused on expanding infrastructure for tokenized real-world assets. The collaboration will explore issuance, investor access, distribution, servicing and AI-supported growth tools across $REAL’s purpose-built Layer 1. $REAL and RWA Inc. are joining forces as competition heats up around the infrastructure needed to bring real-world assets onchain in a more usable way. The two companies said they have entered a strategic partnership centered on tokenized asset issuance, investor onboarding and longer-term servicing. The broader pitch is not especially subtle. As tokenized bonds, funds and other real-world assets gain traction, the market no…

Solidus AI Tech ($AITECH), an infrastructure platform that connects blockchain technology with high-performance computing (HPC) and artificial intelligence (AI), has disclosed its strategic partnership with Thena, a decentralized exchange (DEX) and liquidity layer built on the $BNB Chain for seamless trading and liquidity management. The main purpose of this integration is to improve $AITECH liquidity, trading efficiency, and accessibility. Thena x Solidus Ai Tech BNBChain Liquidity Partner! Solidus Ai Tech is aligned with Thena, with $AITECH liquidity established through the $AITECH/$BNB pair. This strengthens on-chain market access and supports more efficient liquidity distribution within active trading… pic.twitter.com/1OlOEGcy70 — AITECH (@AITECHio)…

Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence. In a Wednesday filing in the US District Court for the Southern District of New York, Bankman-Fried responded to a March 23 letter from Judge Lewis Kaplan ordering the former FTX CEO to answer whether he received any assistance from lawyers for a pro se motion — a filing on his own behalf without…

Crypto exchanges are increasingly offering bank-like services such as lending and yield products, but without the protection traditional financial institutions provide, according to a report issued Thursday by the Bank for International Settlements (BIS). “What looks like a high-yield savings product is, in reality, an unsecured loan to a lightly regulated shadow bank,” said the report, which does not necessarily reflect the views of the BIS, an international financial institution owned by 63 central banks from around the world. The 38-page report also noted that the crypto industry’s largest participants have evolved beyond simple trading platforms into what it described…

As part of efforts to catalyze the accessibility of tokenized traditional financial assets to mainstream users/investors worldwide, TT Chain, a Layer-2 blockchain that focuses on RWA applications, today announced a strategic partnership with Magne.AI, an intelligent Web3 smartphone infrastructure. The collaboration enabled TT Chain to combine its RWA-focused Layer-2 blockchain network with Magne.AI’s Web3 smartphone and mobile device infrastructure, aiming to accelerate the way people access and interact with tokenized traditional financial real-world assets across the world. TT Chain is a Layer-2 blockchain designed to bring RWAs (real-world assets) on-chain, running a verifiable, transparent, and scalable tokenized asset settlement for…

Kristaps Grinbergs, a developer relations engineer at Flare, said the network has already formed the foundation for $XRP-focused decentralized finance. He made this statement after reports confirmed a single 8 million $XRP stake on Flare’s staking protocol, Firelight. Notably, this stake transaction suggests that institutional investors are now increasingly entering the ecosystem. Key Point Hugo Philion confirmed that an institution deployed 8 million $XRP into Firelight in a single transaction. Kristaps Grinbergs said the transaction shows Flare has built the foundation for $XRP-focused decentralized finance. Firelight recorded 9.014 million FXRP inflow on April 21, the largest in over a month…

WASHINGTON, D.C. – March 2025. In a significant move for defrauded investors, the United States Department of Justice has officially launched a long-awaited compensation process for victims of the massive OneCoin cryptocurrency Ponzi scheme. This action marks the first tangible step toward financial restitution for thousands of individuals worldwide who lost billions. OneCoin Fraud Victims Can Now File Official Claims The DOJ’s new claims portal is now active. Authorities have designated over $40 million in recovered assets for immediate distribution. Victims must submit verifiable proof of their investment through this official channel. The submission deadline is firmly set for June…

Institutional crypto trading has long forced a tradeoff: liquidity or security. OKX is removing that friction with BitGo Off-Exchange Settlement, letting U.S. institutions trade without moving assets out of regulated custody. — Trading Stays Active, Assets Stay Put The model flips a core assumption in crypto markets. Instead of pre-funding accounts on an exchange, institutions can now execute trades while their assets remain secured in BitGo’s cold custody infrastructure. That removes a major operational burden — and a major risk vector. The result is a unified workflow: All without shifting capital between venues. Assets held in BitGo custody are also…