Author: NBTC

New York FED President John Williams stated in his statement today that he expects interest rates to be reduced gradually over time. However, he refrained from specifying when the FED might start easing monetary policy. “I expect interest rates to gradually decline over the next few years, reflecting the fact that inflation is back to our 2% target and the economy is on a very strong sustainable path,” Williams said in an interview with Fox Business. When asked about the possibility of the Fed meeting current market expectations for a rate cut in September, Williams declined to make a prediction…

Harbour, the company behind at bank to self-custody wallet services, has just announced a partnership with Aleph Zero, the massively scalable crypto infrastructure. This partnership will bring to market the Magic Ramp product, which is a new offering aimed at revolutionizing the way end-users send their assets between banks and blockchain networks. Harbour’s Magic Ramp leverages some of the best of breed fintech from the Harbour payments engine to integrate with Aleph Zero’s leading fintech capabilities in terms of transaction throughput. The integration will make it easier for the users as it is relatively faster and they can now use…

Today, in the Southern District of New York, was the first hearing in the US Department of Justice’s (DoJ) case against Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill. I attended the first hearing for the #Samourai Wallet case earlier today on behalf of @BitcoinMagazine and briefly spoke with one of the defendants, Keonne Rodriguez, after the hearing.Here’s a recap of what I learned: pic.twitter.com/QZN4Ape0CZ — Frank Corva (@frankcorva) May 28, 2024 The two developers were arrested in late April and charged with money laundering and operating an unlicensed money transmitting business. Only Rodriguez and his attorney, Michael Krause,…

Ethereum supply on exchanges drops to its lowest since 2016, signaling potential scarcity and upward price pressure. Significant ETH withdrawals suggest investor confidence in long-term gains ahead of the Spot Ethereum ETF launch. Despite a bearish MACD, reduced Ethereum supply and ETF anticipation hint at future price appreciation. Ethereum’s presence on centralized exchanges has dropped to its lowest point since 2016, ahead of the anticipated launch of the Spot Ethereum ETF in July. Recent data reveals that only 12 million Ethereum, approximately 10% of the total supply, remain on these exchanges after investors withdrew 4.1 million ETH within ten days.…

Fueled by the explosive global hunger for greater computing horsepower in artificial intelligence, Nvidia on Tuesday surpassed Microsoft to become the most valuable company on the planet. With Nvidia (NVDA) stock trading at $135.87 as of writing, the company has a market capitalization of $3.34 trillion, according to Yahoo Finance. A 3.7% rise early in the day put the California-based company ahead of Microsoft, which remains a close second with a $3.33 trillion market capitalization. Microsoft (MSFT) is down 0.53% for the day, trading at $446.00. Rounding out the top three is Apple, which currently has a market capitalization of…

Gnosis has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Automation live on its mainnet, according to a press release shared with BSCN. This builds on their previous integration of Chainlink Price Feeds, allowing developers on Gnosis to leverage the full suite of Chainlink services. These tools reportedly provide access to data, compute, and cross-chain connectivity, enabling the creation of more advanced and secure on-chain applications. “With Chainlink CCIP and Automation now live on Gnosis, devs have access to secure blockchain interoperability and verifiable compute,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. “With highly reliable, secure, and decentralized…

The VeChain ecosystem has welcomed the launch of the Oily dApp by UCO Network, a project focused on environmental sustainability. This application aims to revolutionize the recycling of used cooking oil by leveraging blockchain technology to promote efficient waste management and reward eco-friendly practices. This was announced via a social media post recently, disclosing that VeChain is now the home for Oily dApp. Oily dApp launched last Wednesday, introducing features like “learn to earn” and “map to earn” in its initial phase, with “recycle to earn” teased as coming soon. The “learn to earn” feature incentivizes users to engage with…

Asset management giant BlackRock added $4.1 million worth of its spot Bitcoin ETF shares to two of its funds, according to May 28 SEC filings. The asset manager added $3.6 million of its iShares Bitcoin Trust (IBIT) shares to its BlackRock Strategic Income Opportunities Portfolio (BSIIX). It also added $486,000 worth of IBIT shares to its BlackRock Strategic Global Bond Fund (MAWIX). Each purchase covers additions in the first quarter of 2024. BlackRock previously disclosed plans to add IBIT to its other funds in its SEC filings on March 8. The company also reported owning $6.6 million of IBIT shares…

A prominent Ethereum whale with the wallet address 0xf07 has offloaded $35.4 million worth of Ethereum (ETH) over the last two days. This transaction comes at a critical time when Ethereum’s price has sharply declined, falling below the $3,500 mark. Meanwhile, many other long-term holders have started reducing their Ethereum exposure. Ethereum Whales Decrease Their Holdings Originally, the crypto whale acquired ETH during the Ethereum Initial Coin Offering (ICO) in 2015, purchasing 150,000 ETH at just $0.31 per token. Since that time, the value of Ethereum has dramatically increased, yielding substantial returns on the initial investment. In the past two…

The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. Thailand’s Gold Rush Explained by Future CBDC Trading Push Using Mbridge Thailand might be preparing to address the imbalances of a central bank digital currency (CBDC) led trading system using Mbridge, a CBDC-driven cross-border settlement project. Jan Nieuwenhuijs, a gold market analyst, believes that this…