Author: NBTC
A new platform modeled after the degenerate Solana meme coin platform Pump.fun has the crypto community buzzing about the dawn of AI-managed hedge funds. In reality, humans are behind everything, including its first proof-of-concept: the purposefully misspelled ai16z fund endorsed by a real co-founder of a16z. Analogous to greenwashing adding a veneer of ecological responsibility to an organization’s public image, AI-washing is spraying crypto projects with superficial sophistication. Although AI-branded altcoins have proliferated for months, this month’s debut of AI crypto trading funds suggests the trend is far from over. Truth_Terminal kicked off this latest iteration of AI-washed marketing. Its…
WOMIO upholds multichain deployment for memecoins to increase their reach and success. The company offers tools to help creators build strong and lasting communities. WOMIO’s focus on real-world value aims to change how memecoins are created and used. WOMIO has commenced a platform that aims to reshape the memecoin economy by focussing on utility and community engagement. The space is set to stand out from others by supporting multichain spread while offering stake rewards to token holders. WOMIO’s approach encourages the creation of memecoins with practical uses like gaming and payments instead of relying only on speculation. Creating Memecoins with…
In New York today at 3pm, Nishad Singh entered a federal courtroom to hear a judge read his final sentencing for the crimes he committed at FTX. After considering statutory minimums, sentencing guidelines, and other documents filed relevant to the decision, judge Lewis Kaplan decided to administer a sentence of time served with three years of supervised release, according to reporting from InnerCityPress. For context, FTX’s former CEO Sam Bankman-Fried received a 300 month prison sentence. Former co-CEO of FTX Digital Markets Ryan Salame received a 90 month sentence. Caroline Ellison, CEO of Alameda Research which stole funds from FTX…
Protos took a close look at Poloniex’s last 100 listings and found that almost every single one of those tokens were memecoins. We analyzed the latest 100 listings, from August 23 to October 29. Of these 100 tokens, 94 were memecoins; the remainder were tokenized assets, restaking, AI, and utility tokens. Poloniex publicly claims that its “primary objective is to provide users worldwide with access to the finest crypto assets available.” Well, the “finest” seemingly include such prominent examples as: slop, Fartcoin, Goatseus Maximus, PUSS, and Harambe. Click to enlarge. Read more: Justin Sun reveals Poloniex issues prevent proof of…
There are Bitcoin bulls, and then there is Michael Saylor. The head of MicroStrategy, known for his radically bullish views on the first cryptocurrency, broke another post on social media. As always, this post was aimed at promoting Bitcoin, and in particular depicted Saylor in the form of a fast-food restaurant worker with BTC logos. “We are all on Team Bitcoin,” Saylor says, looking out of the picture with artificially intelligent eyes. Such Bitcoin-themed promotional posters by Saylor have long been part of the crypto community’s culture and a meme of sorts. As you can see, the entrepreneur himself is…
SingularityDAO, a decentralized portfolio management protocol, has wrapped up an important community voting round on a proposed merger with Cogito Finance and SelfKey, according to the reports shared with Finbold on Friday, November 1. The voting round has seen overwhelming support from SDAO token holders, and SingularityDAO is now ready to proceed with the creation of Singularity Finance, an EVM Layer-2 network aimed at accelerating AI economy tokenization. SingularityDAO’s merger with Cogito Finance and SelfKey A merger with Cogito Finance and SelfKey was proposed on Snapshot’s widely-used governance platform. Out of 15 million SDAO tokens cast, 94.78% voted in favor…
With a Donald Trump win looking more and more likely, shares of Bitcoin have been uptrending of late. Currently, %Bitcoin (CRYPTO: $BTC ) is flirting with breaking through the key $70k level. This is an important area for the crypto currency, as the area between $70k and $73k is currently a major resistance level holding back the bulls from further significant gains. With the crypto currency continuing its rally, a breakthrough of that key area looks likely in the not-too-distant future. If that happens, the bullish narrative increases for crypto related publicly traded companies as well. Today, news of a…
MyTrade’s founder pleaded guilty to charges include market manipulation. Another of the accused firms, CLS Global, said it’s trying to start a “dialogue” with U.S. authorities. The U.S. Department of Justice said it secured a guilty plea from the operator of crypto “market maker” MyTrade, which was one target in a wide-ranging sting that brought manipulation charges to multiple firms and individuals earlier this month. Liu Zhou, 39, said to be from China and Canada, will be sentenced early next year in federal court for “the wash trading of client cryptocurrencies across multiple cryptocurrency exchanges,” according to the DOJ. Wash…
Bitrue, a prominent cryptocurrency exchange, has recently received a Virtual Asset Service Provider (VASP) license from Lithuania. This new regulatory approval from Lithuania’s Financial Crime Investigation Service (FNTT) legally entitles Bitrue Lithuania UAB to offer digital asset exchange and custody wallet services in some EU nations. #Bitrue has secured a Virtual Asset Service Provider (VASP) license in Lithuana and will be expanding our services to some EU countries.Bitrue is committed to regulatory compliance, to elevate trust and confidence in Bitrue.Keep building with #Bitrue 🧱 pic.twitter.com/zQCXSWDZ6P — Bitrue (@BitrueOfficial) October 29, 2024 With registration number 306725033, this license reinforces Bitrue’s commitment…
TRON has announced a major partnership with Chainlink, joining a growing list of ecosystems integrating Chainlink Data Feeds, among other services. The move signals a significant upgrade to TRON’s infrastructure as it aims to improve the security and reliability of its DeFi offerings. Chainlink Data Feeds are a vital part of decentralized finance (DeFi), providing accurate and reliable price data to decentralized applications (dApps). Using these data feeds, TRON’s largest DeFi applications, including JustLend and JustStable, can rely on a trusted off-chain data source to securely execute transactions and execute smart contracts. During the SmartCon 2024 conference, Chainlink revealed that…