Author: NBTC
The Federal Reserve made an internal directive to its member banks to be cautious when dealing with clients seen as “controversial,” according to a classified document. The document, which was obtained by Senator Cynthia Lummis, came from the Fed’s Internal Implementation Handbook. This comes as Sen Lummis has been vocal and pushing for accountability and oversight at the Federal Reserve. According to a post on X, the document provides a guide to the Federal Reserve’s staff, who are responsible for reviewing applications as well as issuing access to “master accounts.” Sen. Lummis described the new revelation as an “explicit and…
WazirX creditors can start to receive their stolen crypto as early as April, or in 2030, based on the outcome of a voting scheme, scheduled for the coming weeks. Creditors of the hacked Indian crypto exchange will have to vote on whether to approve the restructuring scheme. If the majority, or more than 75% by value of voting creditors, vote yes, the scheme becomes effective in April 2025, as previously approved by a Singapore court, the company said in an X post. If the scheme is approved, the platform is then scheduled to restart trading operations, with initial payouts promised…
Blockchain analytics firm Arkham Intelligence has announced a partnership with Sonic Labs. With this collaboration, Sonic users will gain access to Arkham’s suite of intelligence features, including entity and address tracking, real-time alerts, dashboards, and visualization tools. This integration aims to enhance transparency and security for users interacting with Sonic’s decentralized finance protocols. Sonic, an Ethereum Virtual Machine layer-1 blockchain, has seen significant growth since launching on December 18, 2024. The network’s Total Value Locked has surged by over $200 million in the past month, reaching $250 million across its DeFi ecosystem. ANNOUNCING ARKHAM X SONICWe’re partnering with @SonicLabs to…
Bitcoin has entered its sixth consolidation range since the $15,500 low, showcasing a recurring pattern of stabilization before breakouts. Key levels to watch include $100K for support and $110K as potential resistance during this sixth range-bound phase. BTC’s breakout history suggests a possible steep upward surge, with broader implications for the entire cryptocurrency market. Bitcoin (BTC) has entered its sixth consolidation range since the $15,500 cycle low, highlighting a recurring pattern of price behavior during this bullish cycle. Each phase has followed a clear structure: an immediate bullish thrust, the establishment of some range with possible fake-outs, and an eventual…
Ethereum is surging, both in price and political relevance. High-profile figures like Eric Trump and Vivek Raman are now big boosters of the asset, highlighting its expanding role in decentralized finance (DeFi). Ethereum’s use in cutting-edge financial applications and the backing of major financial institutions like Deutsche Bank and UBS have fueled its rise. But this surge has stirred up a discussion in the crypto community about the role of political figures in affecting the network’s growth. Big Names, Big Support Vivek Raman, a well-known figure in the crypto market, recently used his X account to showcase Ethereum’s growing influence.…
President Donald Trump stunned reporters on Sunday night when he praised the Federal Reserve’s decision to hit pause on its rate cuts. “I’m not surprised,” he said as he arrived in Washington aboard Air Force One. “Holding the rates at this point was the right thing to do.” Now this is a complete 180 for a man who spent much of the past year relentlessly demanding that the Fed cut rates immediately. During his second day back in office, Trump flatout said he was gonna force chair Jerome Powell into cutting rates one way or another. Ignoring him as per…
On Jan. 15, the Chainlink team announced that the Cross-Chain Interoperability Protocol v1.5 upgrade was now live on mainnet for all developers. The upgrade empowers developers to take their tokens cross-chain “in a self-serve manner” and deploy Cross-Chain Tokens (CCTs) across more than twenty blockchains in minutes, it added. CCIP is a secure and easy-to-use protocol for transferring tokens and messages across various blockchains. New Chainlink CCT Standard The CCIP v1.5 introduces the Cross-Chain Token (CCT) standard, explained Chainlink. The new standard offers developers “full control and ownership, enhanced programmability, and zero-slippage transfers,” it added. “CCIP v1.5 marks a major…
Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission for failing to disclose a long-awaited report on ethical conflicts and selective enforcement within the agency. The SEC Office of Inspector General completed the report more than a year ago, but the agency has yet to release it despite repeated Freedom of Information Act requests, according to the lawsuit. The lawsuit seeks to compel the SEC to disclose findings related to former SEC Division of Corporate Finance Director William Hinman. The investigation focuses on potential conflicts of interest involving Hinman’s ties to his previous law firm, Simpson…
Travala, the travel website that accepts payments in cryptocurrency, has teamed up with trivago (TRVG), adding its inventory of 2.2 million properties to the hotel search platform. When trivago users select a Travala hotel they will be redirected to the website, where they will have the option of paying in bitcoin (BTC), ether (ETH) and dozens of other cryptocurrencies, the company said in an emailed statement. Travala has already secured similar tie-ups with travel search sites Skyscanner in September last year and Kayak in November 2023. The agreement with trivago adds to the real-world uses for cryptocurrencies, with hotel bookings…
Privacy-focused coins and blockchains enjoy a steady demand despite continued backlash from regulators around the world. Governments argue that privacy coins are untraceable, posing a significant risk to financial security and accountability. However, financial privacy is a standard expectation in traditional systems—we don’t allow anyone to track our bank account just because we bought an ice cream. Zano, the L1 blockchain for confidential assets and private dApps, has partnered with Cake Wallet, one of the biggest non-custodial wallets among privacy enthusiasts, to make privacy features more accessible and user-friendly for the web3 community. Zano was founded by Andrey Sabelnikov, the…