Author: NBTC
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved in the illicit usage of cryptocurrency. Brazilian Tax Watchdog Leverages AI to Detect Crypto Crimes Government agencies are increasingly incorporating tools that implement artificial intelligence (AI) to ease their tasks. The Federal Revenue Service, which is the Brazilian tax watchdog, has recently reported about the implementation of one of such tools focused on detecting…
Prominent global strategy consulting organization EY-Parthenon recently surveyed institutional investor decision-makers globally and found that over 20% of them acknowledged investing in XRP. XRP community pundit WrathofKahneman (WOK) highlighted this development in a post on X today. The survey covered 277 institutional investors, including COOs, CEOs, and portfolio managers. The respondents represented wealth managers, family offices, traditional asset managers, hedge funds, and asset owners. The majority of them—at least 147—were from the U.S. Europe made up the next majority, with 90 respondents. Other surveyed institutional investors were from Asia-Pacific (APAC), Canada, and Latin America. Notably, EY-Parthenon conducted the survey in…
OKX is set to offer new opportunities for traders and investors by listing CATI (Catizen) on its spot trading market. OKX to List CATI (Catizen) for Spot Trading, Launch Pre-Market Futures The listing will follow the schedule below: CATI Deposits: Will open on September 9, 2024 at 16:00. CATI Call Tender: It will be held on September 20, 2024 between 13:00 – 14:00. CATI/USDT Spot Trading: Will start at 14:00 on September 20, 2024. CATI Withdrawals: Available on September 21, 2024 at 13:00. Pre-Market Futures for CATI In addition to spot trading, OKX will also offer pre-market futures for CATI,…
The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s weekly onchain insights research emphasizes the severity of the recent market decline, linking it to a “correlation-1” event that caused major assets and equities, including bitcoin, to plummet. According to Glassnode, this event led to bitcoin’s spot price reaching $51,400, a crucial level for investor…
As well as creating envy among other crypto exchanges, Base appears to out-gunning other secondary Ethereum networks. Base’s largest DeFi protocol, Aerodrome Finance, shows that almost all of the top markets, especially when excluding stablecoin swaps, are memecoin-linked trading pools. The ease with which users of Coinbase can onboard to Base has also been a winner, done via a smart contract wallet without the need for seed phrases and the like. Among the rapidly growing ranks of layer-2 blockchains built atop Ethereum, the U.S. crypto exchange Coinbase’s own version, Base, hardly stands out as a technological pioneer. The entire project…
Pump.fun has warned US users to avoid using the platform for the next 48 hours. Pump.fun’s warning is speculated to be due to potential regulatory actions. Pump.fun, a Solana-based marketplace for creating and distributing custom tokens, primarily memecoins, has made headlines with a peculiar warning to U.S. users. On September 10, the platform took to Twitter to issue a public service announcement: “PSA: If you are a sensitive American, please avoid visiting Pump.fun in the next 48 hours.” 🚨 PSA: If you’re a sensitive American, please avoid visiting pump fun over the coming 48 hours. There is a storm brewing.…
After an explosive uptrend accounting for 290% in 10 days, will the pullback phase extend below $0.035 in SUN? SUN, the native token of Sunpump, a new Tron-based platform for meme coins, is showing exponential gains. Over the last ten days, SUN has increased in value by almost 300% and reached almost $400 million in market cap. Will SUN maintain a bullish trend as the market recovery gives the Tron ecosystem an additional push? Catalysts Behind SUN Uprising With significant growth in the SUN meme coins ecosystem, the $10 million fund from Tron to enhance liquidity has been a key…
Roguelike role-playing-game (RPG) Castile launched its monthlong open beta today alongside a rewards campaign that will see 10 million CAST handed out before the token actually launches. This comes as the developer of the game, Nytro Lab, pushes its total funding to $25 million with a fresh $8 million in investment. The Aptos-based game blends the core roguelike loop—that is, fighting through dungeons to level up and gain resources—with RPG elements, while also allowing in-game cards to be traded on a marketplace thanks to the use of NFTs. Castile has added four new features since its alpha testing period in…
Binance, a premier cryptocurrency exchange, has announced its endorsement for Enjin Coin’s (ENJ) network upgrade set for September 9, 2024, at 16:00 UTC. In preparation for this update, Binance will suspend ENJ deposits and withdrawals from 15:00 UTC on the same day to facilitate a seamless transition for its users. Contents hide 1 ENJ Deposits and Withdrawals to Be Temporarily Suspended 2 What is Enjin Coin? 3 Key Takeaways from the Upgrade ENJ Deposits and Withdrawals to Be Temporarily Suspended This network upgrade, anticipated at block height 6,678,271, aims to boost the performance and capabilities of the Enjin Coin network.…
The International Monetary Fund (IMF) conceded that the potential risks tied to El Salvador’s adoption of Bitcoin as legal tender have not materialized. On Aug. 6, the financial regulator’s team, led by Raphael Espinoza, revealed progress in its discussions with El Salvador about supporting the country with financial programs. This development follows over two years of stalled talks regarding the nation’s Bitcoin policies. The discussions focused on strategies to strengthen public finances, increase bank reserves, and enhance governance. They also addressed improving transparency to mitigate risks associated with Bitcoin investments. According to the IMF, while the anticipated risks have not…