Author: NBTC
Today, Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill appeared together in court in the Southern District of New York for a status conference. This was the first time the two made a public appearance together since the US Department of Justice (DoJ) charged the two developers with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business in April 2024. It was also the first time either of them have appeared in court since Hill appeared ahead of his bail release in July and Rodriguez first attended a court hearing in May. The prosecution…
Coinbase, the largest cryptocurrency exchange in the United States, has warned users about delays in transactions related to Polygon (POL) shortly after the network underwent a major update. In a recent status update, Coinbase reported that some users may experience delays in sending and receiving Polygon tokens, but other services, including buying, selling, and fiat withdrawals or deposits, are unaffected. The official Coinbase status page included the following statements: “We are aware that some users may be experiencing delays in sending and receiving Polygon (MATIC). Buying, selling, and fiat withdrawals/deposits are not affected. We are investigating this issue and will…
Bitwise Chief Investment Officer Matt Hougan believes that Ethereum to tech giant Microsoft in a recent memo, asserting that the blockchain giant’s foundational role in the ecosystem is being underestimated amid current bearish sentiment. In the memo titled “A Contrarian Bet on Ethereum,” Hougan argued that Ethereum continues to lead in key sectors despite growing competition and skepticism. Market challenges Ethereum has faced significant headwinds in recent months, with the ETH/BTC ratio recently hitting a three-year low, reflecting its underperformance relative to Bitcoin. Ethereum’s price remains flat year-to-date, while Bitcoin has surged 38%, and competitors like Solana are up 31%.…
Klaytn (KLAY) is gaining traction among altcoins, trading positively on Monday despite Bitcoin’s ongoing struggles below the $60,000 level. While several other cryptocurrencies like Tron, NEO, and Monero saw notable gains in the early US trading session, Klaytn managed to hold above the $0.15 mark, even after retracing some of the gains that pushed it up by more than 5% earlier in the day. The excitement surrounding the upcoming Kaia mainnet launch is driving bullish sentiment among KLAY holders. Bullish momentum builds ahead of Kaia mainnet launch Klaytn’s recent price movement marks a recovery from its July lows when KLAY…
The U.S. Securities and Exchange Commission (SEC) has not yet indicated whether it plans to appeal the recent rulings in the SEC vs. Ripple case. Both Ripple and the SEC have a 60-day window from the final judgment to file any appeals. Legal expert Jeremy Hogan recently addressed the potential ramifications of an appeal on social media. He said that if an appeal is pursued, the process could extend the discussion of the case by another 12 months. Specifically, Ripple and the SEC must submit their appeals by October 7, which is 60 days after the final judgment. On The…
Circle said that it will offer USDC to businesses through integrations with leading banks. Pix in Brazil and SPEI in Mexico are payment systems established by the central bank of each country. Circle has connected its USDC stablecoin with payment systems in Brazil and Mexico for corporate customers through integrations with leading banks, the company said Tuesday. Circle said it now allows businesses to access USDC directly from local financial institutions in Brazil through PIX, a payments system created by the Central Bank of Brazil (BCB) in 2020 that has nearly 160 million users. In Mexico it is connected to…
Ethereum rose above 3% following crypto market anticipation of a 50-basis-point Fed rate cut. Ethereum looks like a potential contrarian bet for now, says Bitwise official. Ethereum could rally 17% toward $2,817 if it sustains a high volume move above $2,395. Ethereum (ETH) is up 2% on Tuesday as anticipation grows for a 50-basis-point interest rate cut by the US Federal Reserve (Fed). Meanwhile, Bitwise’s weekly memo noted that Ethereum still provides several opportunities and looks like a contrarian bet. Ethereum still presents good upside opportunity amid underperformance Ethereum rallied alongside most crypto assets in the wider cryptocurrency market in…
Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is considered to be a crucial but fairly straightforward job. The high stakes come with the high risk of safeguarding crypto, which in turn makes crypto custody an expensive business. According to Hadley Stern, chief commercial officer for Solana custody tool Marinade, it costs up to 10 times more to custody crypto compared to traditional assets, Bloomberg reported. According to Stern, who previously headed digital asset custody at Bank of New…
Ripple signed 1,700 NDAs with financial institutions, facilitating XRP transfers to contractual counterparties in various commercial transactions. XRP has bucked the trend to start the new week with a 4% gain, while Bitcoin and Ethereum dipped over 2.5% each as the markets soured. Ripple has been working with hundreds of financial institutions globally to advance XRP adoption in the payments space. Over the weekend, the XRP Army dug up court transcripts from the recently concluded lawsuit against the SEC, which revealed that the company had signed over 1,700 NDAs with these institutions. BOOOOOOOOOOOOOOOOOOM!!!! Over 1700 NDA’s between @Ripple and MAJOR…
Given the intense political climate and the SEC’s ongoing scrutiny of cryptocurrency this year, many had hoped the SEC would ease its approach, especially with the upcoming election cycle. However, the SEC has instead intensified its actions, such as issuing a Wells notice to OpenSea. In a recent appearance on the Thinking Crypto podcast, Ron Hammond from the Blockchain Association explained that the increased activity from the SEC towards the end of the fiscal year is expected. The SEC’s aggressive stance on cryptocurrency has also turned into a political issue, according to Ron. Despite the usual opposition from Republicans, who…