Author: NBTC
A federal judge has rejected Wyoming-based Custodia Bank’s argument that it is entitled to a Federal Reserve master account and membership with the Fed. Judge Scott Skavdahl, of District of Wyoming, denied Custodia’s motion for judgement on Friday, writing that federal laws do not require the nation’s central bank to give every eligible depository institution access to its master account system, nor did the provided evidence suggest that the Federal Reserve Board of Governors influence a regional branch of the Fed to deny its application for an account. Custodia sued the Fed in June 2022, arguing that the Federal Reserve…
Bitcoin (BTC) is back above the $70,000 mark after tumbling for 11 days with high price volatility. BTC is up by 5.4% in the past 24 hours and is trading at $70,500 at the time of writing. The flagship asset’s market cap is slightly above the $1.38 trillion mark with a daily trading volume of $42.7 billion. BTC price, whale activity, open interest, funding rate and RSI – March 26 | Source: Santiment Data from CoinGecko shows that Bitcoin’s price rally has brought bullish momentum to the global crypto market capitalization with a 5.4% increase — currently hovering around $2.83…
According to Spot On Chain, the on-chain platform for crypto analytics, Arbitrum (ARB) price dropped 11% amid a market downtime and a major unlock. In a post on X, Spot On Chain noted that six wallets that recently received tokens from vesting contracts deposited 8.95 million ARB, equivalent to $16.4 million to Binance. The $ARB price dropped 11% (12H) amid a market downtime and a major unlock!In the past 12 hours, 6 wallets, which just received tokens from vesting contracts, have deposited 8.95M $ARB ($16.4M) to #Binance.They still hold 32.95M $ARB ($56.7M) and may deposit out more tokens!… pic.twitter.com/165fOuMpvh —…
The legal tussle between the SEC and Ripple could be approaching a final resolution, as court records show that the parties just had a settlement conference. According to the CourtListener legal database, the United States District Court for the Southern District of New York recently scheduled a settlement conference regarding the ongoing legal tussle between the SEC and Ripple. The conference, held yesterday at 3:10 PM (ET), was presided over by Magistrate Sarah Netburn. Interestingly, an X user @bobaboy76239 shared a photo of Ripple execs Brad Garlinghouse and Stuart Alderoty entering a federal courthouse in New York yesterday. Spotted @bgarlinghouse…
Standard Chartered has changed its price prediction for Bitcoin, hinting at a bullish future for the cryptocurrency. It now believes BTC could potentially reach a staggering $150,000 by the end of 2024, a significant increase from its earlier prediction. Looking even further ahead, Standard Chartered suggests that Bitcoin could skyrocket to around $250,000 by the end of 2025 before stabilizing. This surge is projected to be fueled by a combination of robust ETF inflows, interest from reserve managers and the upcoming Bitcoin halving event, which traditionally has had a positive impact on the cryptocurrency’s value. As for Ethereum, the bank…
Lucie, the Shiba Inu marketing lead, has taken to X (formerly Twitter) to explain why KNINE presale investors have not received their tokens. The content specialist provided an educational piece regarding token vesting and cliff with respect to K9 Finance DAO’s official native token, KNINE. KNINE Presale For context, some crypto investors who participated in the KNINE presale earlier this year have complained that they have yet to receive their tokens despite the presale tokens selling out on January 31, 2024, as disclosed by K9 Finance founder Buzz. The K9 team allocated 76.02 billion KNINE (7.6% of the total supply)…
Regarding the latest development in the case between Coinbase and the Securities and Exchange Commission (SEC), Marisa Tashman Coppel, legal officer at Blockchain Association, shared her views on the court’s decision. Coppel called the court’s rejection of the SEC’s claim that Coinbase Wallet was functioning as an unregistered intermediary a “major victory for DeFi.” He criticized the SEC’s overreach and called the decision beneficial for developers and those working on peer-to-peer technology. Despite the victory, the court allowed the SEC’s remaining claims to move forward. This means Coinbase will now make hard-fought discoveries and the facts will be considered in…
Yesterday, Bitcoin recovered the key level of 70,000 USD with a daily candle of +3.97%, following Sunday’s pump which saw another +5% printed: let’s see how the price analysis has now changed. Now is the moment of truth: this latest movement opens the doors to a restart of the crypto asset towards new all-time highs or will there be a rejection before $74,000? In this article we will see an analysis of prices and an in-depth look at ETF data and derivative market metrics. All the details below. Bitcoin price analysis: the crypto recovers 70,000 USD Analysis of ETF data…
In a remarkable turn of events, Solana has achieved a significant milestone by surpassing Ethereum and other EVM-based Layer-2 solutions in 24-hour volume, as reported by DefiLlama. With Solana’s total chain volume standing at $3.654 billion, compared to Ethereum’s $2.397 billion, the platform has emerged as the undisputed leader in blockchain transactions. Even when combined with other major contenders like Arbitrum, Avalanche, Polygon and Optimism, Solana outpaces them all. The remarkable feat has caught the attention of Solana’s co-founder, Anatoly Yakovenko, who responded to the news succinctly, acknowledging the platform’s achievement. However, amid the celebration, skeptics have raised questions about…
With the SEC demanding a nearly $2 billion fine from Ripple, we’ve highlighted the amount of XRP the company might sell to meet this obligation if the court sides with the regulatory agency. The U.S. SEC recently filed its opening remedies brief, proposed judgment, and accompanying exhibits in the Ripple case. Notably, the part of the SEC’s recent filing that has caught the crypto community’s attention is its proposed judgment. SEC Seeks Nearly $2 Billion Fine The SEC specifically demanded that the court order Ripple to pay $1,950,768,364 ($1.95 billion) in fees and penalties over its violation of federal securities…