Author: NBTC
Binance, the leading cryptocurrency exchange, recently started listing some Solana-based memecoins, making these low-liquidity speculative cryptocurrencies surge in price. In this context, an anonymous trader is profiting from buying these coins “in the same second” of the listing announcements. While it is unclear whether it is the fruit of insider trading, which would be illegal, or a high-quality trading bot, this strategy is working, earning the market’s attention. According to a Lookonchain post on October 25, the trader made over $150,000 while scalping Binance’s listings. Scalping is a trading strategy that is even faster than the day trade. This happens…
Nigeria’s financial crimes watchdog has amended its lawsuit against Binance and one of its executives, accusing the exchange of laundering over $35 million. The Economic and Financial Crimes Commission (EFCC) submitted the amended lawsuit to Justice Emeka Nwite of the Federal High Court in Abuja this week, local outlets report. It alleges that Binance and its fugitive regional manager, Nadeem Anjarwalla, concealed $35.4 million generated by the exchange from its Nigerian operations despite knowing that the money was the proceeds of unlawful activity. The EFCC’s legal battle against Binance started early this year when the agency accused the exchange and…
Zesh has partnered with Bitgert (BRISE), a blockchain ecosystem known for its zero-fee exchange and high-performance infrastructure. This collaboration focuses on developing utility-driven solutions that foster Web3 growth and innovation. Bitgert offers the ultra-fast BRC20 network that handles over 100,000 transactions per second. 🚀 Zesh x Bitgert Partnership 🚀We’re thrilled to team up with @bitgertbrise , a revolutionary crypto ecosystem known for its super-fast blockchain and zero-fee exchange. Together, we’re exploring utility-driven solutions to empower Web3 growth and innovation. pic.twitter.com/PjnYW2ZdIw — Zesh (@ZeshApps) November 30, 2024 Some features covering the Bitgert blockchain ecosystem are DeFi platforms, NFT platforms, and buy-back…
The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Sept. 11, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the editorial, readers discover how MARA Holdings, the largest Bitcoin mining company by market cap, strategically accumulates BTC, outperforming traditional investments with its treasury strategy, while also exploring the risks and rewards of holding Bitcoin on the balance sheet. Notes: On February 26, 2021, Marathon Patent Group announced its name change to Marathon Digital Holdings, reflecting its position as a leading digital asset technology…
Cryptocurrency analytics firm Santiment has revealed the 10 altcoins that have seen the most growth in crypto development activity (GitHub) over the past year. Santiment said that according to the data, altcoins such as Optimism (OP), Avalanche (AVAX), and Arbitrum (ARB) are leading the increase in crypto development activity. According to Santiment, the growth in these altcoins has been proven by the increase in GitHub activity, and these increases indicate a positive trend for the future of these altcoins. Apart from OP, AVAX, and ARB, the list includes Solana (SOL), Harmony (ONE), Cosmos (ATOM), BNB Chain, Polkadot (DOT), Ethereum (ETH),…
Russian President Vladimir Putin has signed a new law that officially recognizes digital currencies as a form of property in foreign trade settlements under an experimental legal regime (ELR). Under the regulations, crypto mining and sales are not subject to value-added tax (VAT), TASS reported Friday. Crypto transactions facilitated within the ELR are also tax-free, the report noted. Yet, mining facility operators are required to report to the tax authorities who use their services. Those who fail to submit the information on time face a fine of 40,000 rubles. Income from mining crypto will be classified as “income in kind”…
At present, when data has become increasingly important just like currency, it requires adequate safety and tokenization is a process to do so. In this procedure, the data is converted into a token which works as a distinct identifier, helping to retain the integral information without any exposure. This article explores the concept of data tokenization, its comparison with encryption, its benefits, and its limitations. Data Tokenization: An Introduction To comprehend the concept of data tokenization, one needs to know about tokens. A token works as a non-minable digital unit existing as a registry entry within a blockchain. There are…
Bitcoin (BTC) has made a bold move, breaking past the crucial $65,000 level and sparking renewed hope of reaching its all-time high. As bullish momentum builds, the market is watching closely to see if this breakthrough could be the start of a larger rally. With previous resistance now behind it, can Bitcoin continue its upward journey and reclaim its record peak? Or will market forces pull it back before reaching new heights? The aim of this article is to explore BTC’s impressive move past the $65,000 level and evaluate its prospects of hitting a new peak. This piece will offer…
Injective (INJ) may soon join the Artificial Superintelligence Alliance (ASI) group, which comprises Fetch.ai, SingularityNET, and Ocean Protocol. It comes amid plans to integrate Injective with Fetch.ai to facilitate cross-chain transfers. Injective and Fetch.ai Integrate For Cross-Chain Transfers The integration comes after the Fetch.ai community unanimously voted to substitute the inter-blockchain communication (IBC) blockchain interoperability protocol light client for Injective. This move will enable seamless cross-chain transfers between the Fetch.ai mainnet and Injective. “This upgrade will enhance interoperability, making it easier to transfer assets between networks and strengthening ecosystem integration. In addition to expanding DeFi opportunities, this proposal highlights the…
Crypto is fueling a rise in complex money laundering schemes in 2024, the Eurasian Group on Combating Money Laundering warns in its latest report. Money laundering schemes increasingly rely on crypto and multi-layered methods in 2024, highlight the growing complexity of illicit financial flows, Russia‘s state-run news agency reports, citing a recent report from the Eurasian Group on Combating Money Laundering. The report, which covers risks related to money laundering and terrorism financing, underscored the involvement of professional money launderers who are utilizing cryptocurrencies, fake identities — known in Eurasia as “droppers” — and even cash in these operations. The…