Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Tether’s Gold-Backed Token XAUT Gains Shariah Compliance Certification

Tether, the company behind the widely used stablecoin $USDT, announced that its gold-backed digital token XAUT has received Shariah compliance certification from Amanah Advisors, a recognized Islamic finance advisory firm. The certification confirms that XAUT aligns with Islamic finance principles, which prohibit interest (riba), excessive uncertainty (gharar), and speculation (maysir). What the Shariah Certification Means for XAUT The certification from Amanah Advisors positions XAUT as a permissible (halal) asset for Muslim investors and institutions seeking exposure to gold through digital means. Islamic finance requires underlying assets to be tangible and free from prohibited elements. XAUT tokenizes ownership of physical gold…

RegulationAug 22

XRP Ledger’s Consensus Model Better Suited for Long-Term Stability Than Bitcoin’s PoW, XRPL Validator Says

XRPL validator Vet (Hussein Zangana) has argued that the $XRP Ledger’s consensus mechanism is better suited for long-term sustainability than Bitcoin’s proof-of-work (PoW) model. According to Vet, Bitcoin’s mining system was highly effective at distributing $BTC in the network’s early years. However, he believes it could face economic challenges as block rewards continue to decline. In a post on X and an accompanying video presentation, Vet compared the supply dynamics of Bitcoin and $XRP. He argued that “supply distribution is only a short-term challenge, while consensus algorithms are permanent.” Bitcoin Early Success Came With Long-Term Trade-Offs Zangana explained that Bitcoin’s…

AltcoinsAug 22

FSB Raids Moscow City Crypto Hub in Major Fraud Bust

Foreign Crypto Laundering Ring Dismantled Russian authorities recently dismantled a financial laundering ring operating out of the Moscow City business district, disrupting nine foreign-coordinated cryptocurrency channels used to funnel stolen funds abroad. In a joint operation by the Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD), law enforcement detained more than 20 employees from unregistered cryptocurrency exchange offices operating in Moscow. According to an FSB statement, the unregistered exchanges allegedly acted as a critical bridge for Ukrainian call centers targeting Russian citizens through phone and online fraud. Scammers maintained constant contact with victims — often targeting vulnerable…

LegalAug 22

Ondo Perps Hits $8B Cumulative Trading Volume, Signaling Growth in RWA-Backed Derivatives

Ondo Perps, the real-world asset (RWA)-backed perpetual futures exchange built by Ondo Finance, has surpassed $8 billion in cumulative trading volume, according to a statement from the project. The milestone underscores growing demand for derivative products tied to tokenized assets, a sector that has gained traction as traditional finance explores blockchain-based rails. What Ondo Perps Offers Ondo Perps is designed to provide perpetual futures trading on assets that are backed by real-world instruments, such as U.S. Treasuries and money market funds. Unlike conventional crypto perps that rely on volatile collateral, Ondo Perps uses yield-bearing RWA tokens as margin, allowing traders…

ExchangesAug 22

Arbitrum Activates Elara With Optional Compliance Filters for Dedicated Chains

Arbitrum activated ArbOS 61 Elara on Aug. 20, adding optional protocol-level transaction screening, priority-fee support and an alternative data-availability interface for dedicated chains, while changing base-fee administration and expanding Stylus capacity on Arbitrum One. The upgrade went live after approval through Arbitrum governance. The governance proposal included compliance and priority-fee capabilities in ArbOS 61 but left them intentionally disabled on Arbitrum One and Nova. The compliance filter is therefore not a new screening system for users of Arbitrum One; it is configurable tooling for owners of dedicated Arbitrum chains. Chain Owners Control the Filter Arbitrum's technical documentation says compliance filtering…

BlockchainAug 22

Bitcoin treasury Strive bought 20 BTC, but 110,000 new shares left holders with less Bitcoin exposure

Bitcoin treasury firm Strive bought 20 $BTC in the final week of July 2026, but its gross Bitcoin exposure per effective common share slipped by roughly 0.03% in the period. Strive’s Aug. 3 filing records 20 $BTC bought from July 27 through July 31, at an average price of approximately $63,191, including fees and expenses. Its Bitcoin holdings climbed 0.10%, from 20,000 $BTC on July 24 to 20,020 $BTC on July 31, and effective common shares climbed about 0.13% in the same period, from 84,099,973 to 84,209,973. Effective common shares combine Strive’s Class A and Class B stock. Using the…

BitcoinAug 22

NFT sales surge 170% to $95.5M on $55M Pandora trade

The $NFT market recorded $95.48 million in sales over the past seven days, rising 170% as a single $55.03 million transaction involving the hybrid $NFT project Pandora accounted for most of the increase. According to a CryptoSlam seven-day dashboard captured on Aug. 22, $NFT sales increased to $95.48 million from approximately $35.29 million during the preceding period. The number of buyer addresses climbed 49% to 172,739, while seller addresses increased 50% to 159,275. Total transactions grew by a smaller 7.5% to 962,992, showing that the sharp increase in dollar volume was not matched by an equivalent rise in the number…

NFTAug 22

Crypto treasury firms pivot to AI as DAT model loses momentum

More than a dozen digital asset treasury companies have moved into artificial intelligence and data centres as falling crypto prices weaken demand for the DAT model. Bloomberg reported that the shifts have not stopped steep share declines. K Wave Media has fallen about 71% since its May pivot. Lixte Biotechnology and Alpha Compute have each dropped roughly 33% since announcing their own changes. The figures measure performance after the pivots and do not prove causation. The implosion of the once-hot market for cryptocurrency treasury stocks is prompting a number of firms to pivot to AI in an attempt to win…

RegulationAug 22

More Developer Activity on the XRP Ledger as App-Related Transactions Surges

$XRP Ledger app activity has picked up, with tagged transactions jumping 28.6% as more applications become active on the network. Developer-related activity on the $XRP Ledger is showing renewed momentum, with new data pointing to a noticeable rise over the past week. According to an X post from XRPL dUNL validator Vet, source-tagged transactions have increased sharply as more applications and services come live on the ecosystem. $XRP Ledger Records Stronger App Activity According to the data, source-tagged transactions reached 676,800 per week, representing a 28.6% increase compared to the first week of the reporting period. An accompanying chart shows…

AltcoinsAug 22

Connecticut Judge Says Kalshi Sports Contracts Were Never Swaps

Not Swaps, and Not Preempted Even If They Were U.S. District Judge Vernon D. Oliver’s ruling rests on a threshold point rather than preemption: for the CFTC’s exclusive jurisdiction to attach, a contract must be a swap traded on a designated contract market. Oliver held it is the judiciary’s role, not the agency’s, to decide what counts as a swap, rejecting Kalshi’s argument that any such challenge must be brought against the CFTC itself. On the statute, Oliver read “the occurrence, nonoccurrence, or the extent of the occurrence of an event” to concern whether an event happens and to what…

LegalAug 22