Author: NBTC
In a major development, Qitmeer Network, a decentralized network revolutionizing Web3, has announced a new partnership with OpenLoop. This partnership aims to revolutionize internet connectivity with decentralized solutions. This collaboration will enable users and boost innovation in the digital world. Qitmeer Network made this important announcement through its official X account. We’re excited to announce our partnership with @OpenLoop_so 🌐 Together, we’re transforming internet connectivity with decentralized solutions that empower users and drive innovation. 💡OpenLoop utilizes unused bandwidth to create a scalable network that rewards contributors.… pic.twitter.com/SVqfgVjOiX — Qitmeer Network (@QitmeerNetwork) December 24, 2024 New Partnership to Improve Global Internet…
Whales made a splash on the South Korean exchange Upbit, swooping in with significant amounts of Tether’s USDT stablecoin to snap up coins at discounted prices after the declaration of martial law led to a flash crash in bitcoin (BTC) and other token prices.The large traders transferred over $163 million in USDT to Upbit within an hour of President Yoon Suuk Yeol declaring emergency martial law, according to data tracked by blockchain sleuth Lookonchain. The president accused the opposition of siding with North Korea and undermining the nation’s constitutional order. USDT, the world’s leading dollar-pegged stablecoin, is commonly used for…
Cryptocurrency exchange Binance announced that its venture capital arm Binance Labs has invested in Usual, a decentralized stablecoin issuer that aims to reshape the stablecoin market with innovative and community-driven solutions. Backed by real-world assets (RWA), Usual takes a unique approach to stablecoins by redistributing value and ownership through its governance token, USUAL. Unlike traditional stablecoin issuers that operate like centralized banks, Usual emphasizes shared ownership and community empowerment. According to its own statement, the project distributes 90% of USUAL tokens to its users, fostering a decentralized and egalitarian ecosystem. “Stablecoins have long served as a gateway to onboarding new…
Mira Network’s Node Delegator Program Expands, Offering Contributors Network Rewards for Supporting AI Accuracy Improvements. Partnership Targets Significant Error Reduction in AI Applications, Enhancing Trust and Scalability in Decentralized Networks. Io.net has announced a strategic partnership with Mira Network to enhance AI accuracy and reliability by utilizing decentralized GPU computing. This collaboration integrates Mira’s advanced AI verification technology with io.net’s extensive GPU infrastructure, aiming to reduce error rates and latency, thus making AI applications more dependable and scalable. Under this partnership, Mira Network will expand its Node Delegator Program, which allows participants to contribute GPU resources to the network. This…
Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at making it more difficult for shadow businesses to misuse banking services for illegal activities, including crypto-to-fiat over-the-counter platforms that bypass KYC procedures. The Bank of Russia is collaborating with the country’s financial watchdog Rosfinmonitoring, banks, and local experts to create a system that would help identify and block customers involved in illegal financial transactions, Russia’s news outlet RBC reports, citing…
A major milestone for GAIB as the company has announced its latest partnership with OpenLedger to bring AI and blockchain integration to new heights. The synergy between GAIB and OpenLedger is achieved using GAIB’s innovative economic system of AI and computing and OpenLedger’s experience as the world’s largest data blockchain. Jointly, they aim to build an open, growing, and distributed environment for AI development. GAIB X OpenLedger Partnership🚀 We’re thrilled to announce our partnership with OpenLedger (@OpenledgerHQ), the world’s leading data blockchain backed by Polychain Capital and pioneering advancement of data contribution and attribution.🟠 GAIB continues to lead as the…
Bitcoin (BTC) continues to reject key resistance levels, with a cryptocurrency analyst warning that the asset will likely crash below $90,000 based on the technical setup. Specifically, Bitcoin is forming a potential head-and-shoulders on the hourly timeframe, a classic bearish technical pattern, according to cryptocurrency on-chain expert Ali Martinez in a post on X on December 3. Notably, the pattern is marked by a peak (the head) flanked by two lower peaks (the shoulders), and it has historically signaled a price reversal. In this case, Bitcoin is hovering near $95,000, aligning with the neckline of this pattern. Martinez suggested the…
Crypto exchange Crypto.com has launched a U.S. trust company dubbed Crypto.com Custody Trust Company. The exchange, founded in 2016 and currently boasting regulatory approval and licenses in numerous countries and jurisdiction, revealed the key development in a press release on Dec. 23. According to details, Crypto.com unveiled the U.S. trust company after it secured a trust company charter. With the launch of the digital custody firm, Crypto.com can now extend its custody services to eligible institutions and high net worth clients across the U.S and Canada. “Launching a U.S. trust company is our latest significant step in our product roadmap…
Turkiye announces new regulations for cryptocurrency exchanges, published in the Official Gazette. Exchanges are required to comply with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) obligations. Transfers over 15,000 TL must include detailed sender information, highlighting the strict compliance measures. Turkiye has implemented comprehensive cryptocurrency regulations, mandating compliance with AML and CTF standards to ensure transparency and security in the financial ecosystem. New Regulatory Framework for Cryptocurrency Exchanges In a landmark move, Turkiye has introduced robust regulations for cryptocurrency exchanges aimed at curbing money laundering and financing of terrorism. As per the new rules published in the Official Gazette, exchanges…
Orderly Network, a prominent decentralized trading company, has recently announced its exclusive partnership with Stork Oracle. The collaboration targets to solidify Orderly Network with an unparalleled Oracle performance by leveraging Stork Oracle’s advanced features. The platform disclosed this partnership in an exclusive social media post. We just partnered with @StorkOracle 💜Stork provides Orderly with the most performant oracle solution!With over 2,000 assets, under 10ms latency, and the ability to list long-tail assets faster than any other oracle, users can truly trade anything, anywhere! pic.twitter.com/AsRZeYMXe8 — Orderly Network (@OrderlyNetwork) December 24, 2024 Orderly Network Joins Forces with Stork Oracle to Enhance…