Author: NBTC

Australian cryptocurrency company NGS Crypto has rebranded itself as “Hiddup” amid an ongoing investigation by the Australian Securities and Investments Commission (ASIC). The investigation involves allegations of $41 million being stolen from investors. When NGS Crypto announced the rebrand, it mentioned “trademark dispute” as the reason. Meanwhile, the ASIC aims to recover millions in interest owed. Its lawsuit targets NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, all of which have entered liquidation. ASIC alleges that NGS Crypto and its related entities violated Australian regulations by offering financial services without proper licensing. They reportedly encouraged Australians…

Prominent crypto exchange Bitrue continues to promote investment in XRP despite the downturn witnessed across the broader market. The exchange issued its latest XRP endorsement in a tweet today. Bitrue encouraged investors who are uncertain about which cryptocurrency to invest in to commit their capital to XRP completely. “When in doubt, go all-in #XRP,” the exchange remarked in an X post today. Interestingly, Bitrue attached a rocket emoji to the tweet, suggesting that XRP could be primed for a significant rally. XRP Enthusiasts React Expectedly, the post elicited mixed reactions among XRP enthusiasts, with many characterizing the tweet as a…

PancakeSwap, a decentralized exchange, has unveiled its AI-powered prediction market on the Arbitrum network. It is driven by the Allora Network’s artificial intelligence model. Integrating Allora’s advanced machine learning models, PancakeSwap now offers predictive capabilities previously unseen in the platform. How PancakeSwap Leverages Allora Labs’ AI Model Over the last three years, Allora Labs (previously known as Upshot) has developed models that forecast prices for over 400 million assets. This expertise is now available to PancakeSwap users, combining AI-driven insights with an active trading environment. “We’re excited to integrate Allora’s AI models into our prediction market. Now our users can…

The digital realm of collectibles is witnessing a revolutionary shift with the entry of “Solo Leveling: Unlimited,” a new NFT platform derived from the immensely popular South Korean web novel and webtoon, Solo Leveling. This platform, developed by Singapore-based Web3 specialist OtherWorld, is set to make its debut on the Avalanche blockchain, marking a significant advancement in the integration of entertainment and blockchain technology. “Solo Leveling: Unlimited” is not just another digital collectibles platform. It stands out by leveraging a custom Layer-1 network developed specifically on Avalanche, allowing for gasless transactions—a feature that not only enhances user experience but also…

Ethereum’s TVL surged to $59.697 billion, surpassing Bitcoin. Ethereum’s price rose 25% to $3,974, nearing resistance at $3,780. Bullish indicators persist with a 50-day EMA support, but the MACD suggests caution. In the face of recent downward momentum, Ethereum (ETH) continues to hold above its 50-day and 200-day moving averages, indicating a sustained uptrend. Last month, Ethereum experienced a notable 11.04% decline, yet it saw a remarkable increase in trading volume. However, its market capitalization fell by 5.27% within the past 24 hours. Meanwhile, the Ethereum blockchain has shown a notable increase in its total value locked (TVL). Over the…

Recently an investor bought 135 million $GME tokens in a single transaction with 12,110 $SOL or approximately $2 million at $0.0148. This big purchase has now moved to an unrealized gain of $1.4 million. As a result, it makes the investor the number four holder of $GME, according to Lookonchain. This guy who spent 12,110 $SOL($2M) to buy 135M $GME in one trade now has an unrealized profit of $1.4M!https://t.co/mI0bu2Yfx4 pic.twitter.com/aW3qrpzBDF — Lookonchain (@lookonchain) June 7, 2024 $GME Acquisition Highlights Crypto Market Volatility The deal was made on June 4, at a rate of $0.0148 per $GME. As a result,…

The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an attractive environment for the financial sector that supports creativity and innovation within a regulatory and supervisory framework. Also Read: UAE Central Bank piloting CBDC with UAE Commercial Banks and payment processors This includes Fintech institutions adopting enabling technologies such as Blockchain, DLT, AI, machine learning, and others. The regulation, published in UAE’s official Gazette, has come into effect and includes guidelines for Financial Institutions Adopting Enabling Technologies such as DLT and blockchain. In the rule…

Hong Kong-based crypto trading platform DFX Labs has made strides toward obtaining a full operational license within the region. The platform achieved clearance under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). Trading Authorization Pending According to public records maintained by Hong Kong’s Securities and Futures Commission (SFC), DFX Labs has been acknowledged as “deemed to be licensed for providing the virtual asset service.” This status, however, does not extend to authorization for crypto trading services. The SFC explicitly stated that while DFX Labs holds an active AMLO license, it has not yet been granted a trading license, and…

Bitcoin (BTC) has surged past the $71,000 mark for the first time since April 12. It is currently trading at $71,200. This significant milestone comes amid a broader market rally driven by optimism over spot Ethereum exchange-traded fund (ETF) approval. The optimism stems from recent announcements by Eric Balchunas and James Seyffart, ETF analysts at Bloomberg Intelligence. Crypto Market Rally Causes Liquidations Worth Over $348 Million The ETF analysts have increased their odds of a spot Ethereum ETF approval from 25% to 75%. Balchunas cited increasing political pressure on the SEC for their revised forecast. Moreover, the approval odds increased…

Folks Finance has announced the launch of xALGO, a revamped liquid staking solution designed to adapt to the upcoming changes in the Algorand blockchain’s reward distribution system. This update is poised to offer users a simpler and more flexible way to earn rewards by participating in the Algorand consensus without the need to run a node themselves. With a few clicks on @FolksFinance, you can commit to securing the Algorand network and be passively rewarded with ALGO!Folks is relaunching xALGO as the primary Liquid Staking product for ALGO.Learn more ⤵️https://t.co/JAk9tqRfiO — Algorand Foundation 🐍 (@AlgoFoundation) June 26, 2024 Changes to…