Author: NBTC

Financial Action Task Force Calls for Increased Oversight on Digital Assets The Financial Action Task Force (FATF) has issued its 7th Targeted Update on Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers. This report describes the state of digital asset regulation and the remaining weak points in the oversight of criminal activity. While the report acknowledges that crypto regulations and the implementation of FATF Recommendation 15, including the Travel Rule, have advanced in 83% of surveyed jurisdictions, 11 jurisdictions are still working on this. Recommendation 15 calls for the regulation of Virtual Asset Service Providers…

Robinhood Chain, the blockchain network operated by the trading platform Robinhood, has seen its stock-token assets exceed $70 million, according to a report by CoinDesk. The milestone underscores growing adoption of tokenized equities within the decentralized finance ecosystem. Tokenized Stock Trading Volume Hits $500,000 Daily Daily trading volume across 12 tokenized stocks on Robinhood Chain has topped $500,000. Five individual tokens have posted more than $1 million in volume each, with GameStop leading at $26.6 million, followed by Nvidia at $14 million, and SpaceX at $6.4 million. Other notable names include AMC Entertainment and Apple, reflecting strong retail interest in…

Recent volatility in the cryptocurrency market has drawn investors’ attention to selling pressure, and market analysis company Swissblock, in its new report, stated that the biggest risk facing Bitcoin is not direct sell-offs, but the strengthening US dollar. According to the company’s assessment, a significant portion of Bitcoin’s past bear markets coincided with periods when the US Dollar Index (DXY) recovered from its lows and entered an upward trend. Analysts emphasized that risky assets generally come under pressure during periods when the dollar gains strength in global markets, and Bitcoin is significantly affected by this situation. The report states that…

François Garcin, the executive that MARA Holdings (NASDAQ: MARA) hired to build its European business and win French sign-off to buy EDF’s Exaion, has sued the company in a New York federal court. Garcin filed a 40-page complaint, claiming more than €11 million in unpaid fees. The case was filed in the Southern District of New York and reported by the French Bitcoin institute INBi. Why is Francois Garcin suing MARA Holdings? François Garcin was hired as an executive by MARA Holdings (NASDAQ: MARA) to lead its European expansion and secure French approval for the Exaion takeover, but now he…

A long-time Cardano contributor known as Chicken (@navir333) has announced his departure from the ecosystem, adding to growing tensions within the Cardano community. His statement has drawn significant attention because he has spent years contributing to Cardano as an advisor and builder in multiple ecosystem projects. Moreover, his exit comes at a challenging time for Cardano, which is already grappling with project shutdowns, governance disputes, and declining market performance. Key Points Long-time Cardano contributor Chicken has announced his departure from the ecosystem. His decision stems from mounting business debt, which ultimately led him to file for Chapter 7 bankruptcy. He…

When the Fed chair was asked whether the central bank would rescue crypto in a crisis, he avoided one topic with lawyerly care: Section 13(3), the emergency lending power behind every modern bailout. Here is what it is, how 2010 rewrote it, and why a stablecoin rescue through it is closer to illegal than unlikely. Every modern financial rescue Americans can name ran through the same fourteen words of statute. Bear Stearns, AIG, the alphabet of 2008 facilities, the pandemic programs of 2020: all of them drew their legal authority from the third paragraph of Section 13 of the Federal…

Crypto News Kraken Financial’s Federal Reserve master account remains switched off more than four months after it was approved, the bank’s chief executive Brian Mathena told Wyoming lawmakers last week. In March, the Wyoming-chartered institution became the first crypto firm ever granted such an account, yet it still sits idle. Mathena told the state’s blockchain select committee that the bank is playing catch-up, working to operationalize the account and expand its deposit product. For an industry that has fought for years to plug a Bitcoin (BTC) exchange directly into the central banking system, the gap between winning approval and going…

AXON Finance, a renowned blockchain that develops an AI-based PayFi infrastructure, has announced an exclusive deployment. AXON Finance has deployed the native $AXON token on the Ethereum Virtual Machine (EVM). As per AXON Finance’s official announcement, the development marks a significant move in the establishment of an efficient AI-based PayFi blockchain for global settlement. Hence, with the token launch on Ethereum, the platform attempts to utilize its established network, developer community, and interoperability. $AXON Deployment on Ethereum Broadens DeFi Access AXON Finance’s EVM deployment fortifies its foundation for the expansion of DeFi services specified for machine-led transfers. The development signifies…

It is predicted that the cryptocurrency market may struggle to find a clear direction in the short term, and the current sideways price movement may continue for some time. A recent market assessment published by crypto trading company QCP Capital states that Bitcoin and the overall crypto market need new macroeconomic and industry-specific catalysts to initiate a strong uptrend. According to the company’s analysis, Bitcoin attracted attention yesterday by rising above the $65,000 level. This rise was attributed to Strategy’s additional Bitcoin purchases and positive news flow regarding the company’s increased cash reserves. However, uncertainty remains as to whether this…

Today, OKX announced that the value of real-world assets has surpassed $30 billion, growing over tenfold since early 2024. This surge reflects a significant influx of institutional capital into the crypto market, as noted in an influential tweet from the organization. The tweet emphasizes that this growth is driven by institutional investment rather than retail speculation, which may reshape market dynamics. The Key Development The broader crypto market is currently exhibiting mixed signals, but OKX’s announcement highlights a notable shift toward institutional interest. As traditional finance increasingly engages with digital assets, the growth in real-world asset values suggests a more…