Author: NBTC
U.S. national banks have been told by the Office of the Comptroller of the Currency that they’ll no longer have to answer how controversial customers might damage their reputations — a point that had been criticized by crypto companies and insiders arguing that it contributed to them being debanked. The OCC is removing that factor from its supervision handbook, the agency said in a Thursday statement. “The OCC’s examination process has always been rooted in ensuring appropriate risk management processes for bank activities, not casting judgment on how a particular activity may fare with public opinion,” said Acting Comptroller of…
Elon Musk’s cost-cutting crusade within the U.S. government has purportedly identified computers that can print unlimited amounts of cash, the billionaire claimed in a podcast published on Monday. “I call a ‘magic money computer’ any computer which can just make money out of thin air,” Musk told Sen. Ted Cruz (R-TX) during the “Verdict” podcast sit-down. “They just send money out of nothing.” The computers identified by Musk’s Department of Government Efficiency, or DOGE, exist at multiple agencies, Musk added, pointing to the U.S. Treasury Department, U.S. Department of Health and Human Services, U.S. Department of State, and U.S. Department…
A major $EIGEN dump as a crypto whale has made a costly exit from the market, depositing 2 million $EIGEN worth $3.18 million into Binance. The selling action represents a major financial setback for the trader because they purchased 2 million $EIGEN from Binance two months ago when each token cost $4.53 which equated to a portfolio value of $9.07 million. A whale just deposited 2M $EIGEN($3.18M) into #Binance.The whale withdrew 2M $EIGEN($9.07M) from #Binance 2 months ago, when the price was $4.53, and now the price is $1.59. He lost $5.89M after holding $EIGEN for 2 months!https://t.co/yMoeenzrfQ pic.twitter.com/WmGOoaKpr4 —…
The Australian government, under Prime Minister Anthony Albanese, has outlined a new regulatory framework for digital assets, aiming to provide greater certainty for industry participants while addressing risks tied to consumer protection and market integrity. The reforms will require major crypto platforms to obtain an Australian Financial Services Licence while exempting smaller-scale firms and businesses not involved in financial services. Treasury’s Statement on Developing an Innovative Australian Digital Asset Industry paper, released Thursday, details plans to regulate Digital Asset Platforms and payment stablecoins under existing financial services laws. The move follows similar regulatory approaches in the European Union and Singapore,…
Michael Saylor, co-founder and executive chairman of Bitcoin-oriented company Strategy (formerly known as MicroStrategy) has taken to social media to announce a major Bitcoin dip, which happened as BTC reacted to the fresh-released CPI annual rate for January. “Let’s go!” Saylor tweets on higher CPI than expected Saylor has traditionally published an AI-generated image, but not of himself this time – the image shows a rocket with a Bitcoin logo on its side soaring in space, leaving planets behind. “Let’s go,” the Bitcoin enthusiast tweeted as if celebrating the sudden Bitcoin 1.5% drop as it went down from $96,420 to…
Brad Garlinghouse, CEO of Ripple, recently announced that the SEC has finally dropped its appeal against Ripple, marking the end of a lengthy legal battle that lasted over three years. The SEC has decided not to pursue further legal action, confirming that Ripple is no longer under threat from the regulatory body. This decision has had an immediate impact on XRP’s price, which surged following the announcement. The legal saga, which began with the SEC’s claim that Ripple violated securities laws by selling XRP, has been a major point of contention in the cryptocurrency space. Despite a series of favorable…
Cathie Wood, CEO and CIO of Ark Invest, has reaffirmed her bullish outlook on Bitcoin. In a recent Big Ideas 2025 presentation, she stated that the odds of Bitcoin’s price reaching $1.5 million in a bull case scenario have significantly increased. Wood highlighted the growing institutional adoption of Bitcoin as a key factor driving this heightened probability. More Confidence in $1.5 Million Bitcoin Forecast According to Wood, institutional investors increasingly view Bitcoin as an essential asset in their portfolios due to its unique return and risk profile. The continued maturation of the crypto market has made Bitcoin a more attractive…
Everything is up—except the Magnificent 7. The S&P 500 jumped 35 points, while the biggest stocks in tech sat out the rally. Retail investors are back in full force, piling billions into the market as they bet on a rebound. Retail investors poured $3.2 billion into U.S. stocks and ETFs on Monday and Tuesday alone. That was the biggest two-day retail purchase since August. In the five-day period ending Tuesday, individual investors snapped up $8 billion worth of equities. The five-day moving average of retail flows hit $1.6 billion, making it the fourth-largest on record. The only times this number…
Ethena just unlocked nearly 8 million tokens, but surprisingly, the unlock event had little impact on the price.On Feb. 12, Ethena (ETH) unlocked 7.93 million tokens, accounting for 0.25% of its total supply, with 65.66% of the supply still remaining locked. Surprisingly, the unlock event did not exert downward pressure on the token as it was still trading at the same level before the unlock. However, Ethena price is still trading in the bearish territory, down by 10% over the last 24 hours, according to CoinGecko. Ethena’s gradual unlocking strategy aligns with the project’s aim of maintaining stability for the…
The U.S Securities and Exchange Commission, has officially dropped its appeal against Ripple. This move aligns with the SEC’s recent actions in other cases, like those involving Coinbase and Kraken. While the appeal has been dropped, Ripple still faces a pending cross appeal and the unresolved $125 million fine. This development opens the door for Ripple to potentially renegotiate terms, On the Thinking Crypto podcast, attorney Fred Rispoli was asked whether he believes Ripple will attempt a cross appeal to reduce or eliminate the $125 million fine imposed on them. He responded, acknowledging that Ripple is likely working on it.…