Author: NBTC
According to the report, the Federal Deposit Insurance Corporation (FDIC) is preparing to revise its guidelines to enable banks to operate crypto-related operations. The regulatory landscape for cryptocurrencies has witnessed a seismic shift in recent months. The newly-elected U.S. president Donald Trump vowed to create crypto-friendly policies, contrasting the stance of the previous government led by Joe Biden. BREAKING: The FDIC is planning to revise some crypto guidelines, allowing banks to engage in some crypto activities, per Barrons. This includes potential “tokenized deposits” that could put some checking accounts on blockchains. pic.twitter.com/LMYGRf5UEQ — The Kobeissi Letter (@KobeissiLetter) February 5, 2025…
Feb 4 (Reuters) – MercadoLibre is now offering transactions using its payment processors in Argentina through Pix, the Brazilian instant payment system, as Brazilian tourists flock to the neighboring country for vacation, MercadoLibre told Reuters on Tuesday. MercadoLibre’s (MELI.O), opens new tab payment processors, run by fintech arm Mercado Pago, have become ubiquitous for Argentines on the go and are popular for merchants looking for instant payments instead of waiting on credit cards to clear while their money depreciates. The central-bank-developed Pix, meanwhile, has taken up a similar position for Brazilians and is now residents’ favorite way to pay over…
The cryptocurrency market was shaken after Bitcoin’s price dropped below $93,000, shedding 14% from its recent all-time high of $108,135. Analysts attribute the decline to the minutes of the December meeting of the Federal Open Market Committee (FOMC), released on Wednesday, which highlighted the influence of the Trump administration on the Fed’s hawkish policy stance. Fed minutes revealed that concerns about the policy implications of Donald Trump’s second term as president played a significant role in shaping the central bank’s outlook. The development challenges the general narrative that Trump’s return to the White House will trigger a crypto market rally,…
Ethereum (ETH), could hit the $2,200–$2,500 range soon as China retaliates against US tariffs. While Trump suspended tariffs on Mexico and Canada for 30 days, tariffs on China remain active. In retaliation to US tariffs on China, the country announced a 10% tariff on US oil and agricultural machinery, escalating tensions between the two economies. Crypto trader Andrew Kang highlighted an older X (formerly Twitter) post in which he noted that ETH dipping below $3,000 risks triggering significant leverage liquidations. Lmao holy shit https://t.co/vb5dDPgtUK — Andrew Kang (@Rewkang) February 3, 2025 Kang believes the “reasonable” price for ETH is around…
Bitcoin and altcoins experienced sharp declines after US President Donald Trump imposed new tariffs on Canada, Mexico and China. While this decline negatively affected all investors, Trump and his family’s cryptocurrency project World Liberty Financial also suffered a loss of approximately $51.7 million from this decline. The crypto portfolio of the Trump family’s DeFi project World Liberty Financial (WLFI) has fallen by over 21% following market reactions to new tariffs in the US, analytics platform Spot On Chain has reported. WLFI invested approximately $242.77 million across multiple assets between Jan. 19 and Jan. 31. However, this acquisition faced a massive…
Stablecoin usage on Polygon remains high among retail users. This type of activity has kept the chain relevant. It is one of the older L2 chains, working both with its legacy chain and the new Polygon ZK EVM. Polygon is still one of the primary chains for stablecoin transfers. The L2 has legacy status, mostly based on its collection of apps and games. Based on stablecoin statistics by VISA, it remains a strong venue for stablecoin users. However, the recent shift toward newer L2 chains affected the status of the original Polygon chain as an already established Web3 tool. Stablecoin…
A powerful group of unions has declared war on the US Treasury Department, filing a lawsuit to stop Elon Musk’s Department of Government Efficiency (D.O.G.E) from accessing sensitive financial and personal information yesterday. The unions want an immediate court order slamming the brakes on Elon’s access to federal payment systems, saying the Treasury illegally handed Elon’s team the keys to the nation’s confidential data, including records tied to taxpayers, federal employees, and companies. The lawsuit was filed after Scott Bessent, who now heads the Treasury, approved the access, which the unions are saying violates federal privacy protections and places all…
Orbler, a blockchain innovation platform, has announced its strategic partnership with AigoAgent, an AI-driven trading platform. The partnership is aimed at reshaping digital finance by providing simplified asset control, risk-free quant trading, and streamlined global spending. This advancement will be done through the integration of Mastercard and digital-to-fiat Visa. 🚀 Exciting news! Orbler is partnering with @AIgoAgentAn AI-driven quantitative investment platform for digital assets! 💰 With unified asset control, zero-risk quant trading, and global spend access via digital-to-fiat Visa/Mastercard. #Web3 #AI #BTC pic.twitter.com/huoDUecuF7 — Orbler (@Orbler1) February 4, 2025 Users can leverage Orbler’s blockchain innovation expertise and AIgoAgent’s groundbreaking technology…
Russia now requires crypto miners to report earnings by the 20th of the following month, tightening oversight and restricting mining to approved entities while barring financial crime offenders. Russia Demands Crypto Miners Report Earnings—New Law Reshapes Industry Russia’s Federal Tax Service (FNS) revealed on Feb. 3 that taxpayers involved in digital currency mining now have the ability to declare their cryptocurrency earnings through their personal accounts. This development corresponds with Federal Law No. 259-FZ, which outlines the legal framework for cryptocurrency mining and taxation in the country. According to a statement translated by Google, the FNS specified: Taxpayers who are…
Bitcoin must defend $91,600 to avoid falling to lower prices and keep its upward momentum alive. Breaking this level could result in a bearish move, with the next major support around $86,800. A strong bounce here may spark a rally, driving Bitcoin closer to its anticipated $130,000 price range. As BTC/USDT trades at $93,287, the critical support level of $91,600 is under scrutiny, marking a decisive moment for the flagship cryptocurrency. Renowned analyst CryptoPatel highlights the importance of this level as Bitcoin’s potential springboard to new heights between $120,000 and $130,000. 🚨 If you want to see #Bitcoin hit a…