Author: NBTC

A state-backed investment firm from the United Arab Emirates (UAE) is in talks to invest in OpenAI, the company behind the popular artificial intelligence chatbot ChatGPT. Following the announcement of the development, the value of OpenAI-backed altcoin Worldcoin (WLD) rose by approximately 15%. The potential deal is part of a multibillion-dollar fundraising round for the U.S.-based artificial intelligence startup, according to people familiar with the matter. UAE’s MGX, an investment firm set up earlier this year to focus on artificial intelligence (AI) projects, is negotiating the size of its investment in OpenAI, the sources said. If finalised, the deal would…

Standard Chartered and Ant International completed SGD-denominated liquidity transfers using Ant’s Whale platform. British multinational bank Standard Chartered alongside Ant International has completed SGD-denominated liquidity transfers using Ant International’s blockchain-based Whale platform, The Asian Banker has learned. According to a Nov. 5 report, Standard Chartered integrated with Ant International’s Whale platform to enhance the efficiency and transparency of fund movements between bank accounts. The intra-group liquidity management optimized Ant International’s treasury for cross-border transactions, the report reads. You might also like: Standard Chartered-backed Zodia Custody aims to raise $50m in funding round Addressing the settlement, Mahesh Kini, global head of…

A crypto whale recently made a significant move after getting substantial profits. As per Lookonchain, a well-known on-chain analytics provider, the whale who recently made remarkable gains of $1.47M in a list of transfers taking into account $POPCAT, has reinvested up to $1.6 million in $USDC to purchase 2.36 million $POPCAT. The on-chain analytics firm took to its official social media account to provide details about the whale’s operations. A whale who made $1.47M on $POPCAT spent 1.6M $USDC to buy 2.36M $POPCAT at $0.68 in the past 3 hours!This whale spent 1.84M $USDC to buy 6.05M $POPCAT from Apr…

As the Nigerian Naira records its worst performance yet against the US dollar in weeks as US dollar liquidity in Nigeria plunges, bitcoin continues to rally ahead to within its All-Time High (ATH) levels of $73,737 from April and in some P2P exchanges, according to data from monierate, reaching the ATH in Nigeria already, at N121m. Recent Naira-USD Performance The Naira has yet to find stability against the US dollar despite several forex market reforms, such as the free-floating of the Naira. However, First Securities Discount House (FSDH) Merchant Bank Ltd’s macroeconomic report highlights that critical drivers such as “a…

MicroStrategy’s $42 billion bitcoin acquisition strategy has some risks, the report said. CoinShares said financing conditions need to remain favorable and there needs to be investor demand for the company’s convertible debt. MicroStrategy is tied to its bitcoin holdings, the asset manager said. MicroStrategy’s (MSTR) ambitious plan to buy $42 billion more worth of bitcoin (BTC) is not without risks, CoinShares said in a research blog Monday. The company, founded by Michael Saylor, announced a $21 billion at-the-money offering of its own stock last week to raise capital to buy more bitcoin. This is part of a larger plan to…

Telegram’s tap-to-earn games have taken the crypto world by storm, bringing hundreds of millions of prospective new users to The Open Network (TON). But a flood of Hamster Kombat and Catizen players attempting to claim their reward tokens later this month may not be all good news for the network, TON developers warned this week. TON will “undoubtedly face more technical pressures and possibly some unforeseen issues,” the TON Core team wrote Tuesday in an official Telegram channel. The warning comes as the network contends with recent service outages precipitated by an explosion in tap-to-earn gaming and mini app activity…

Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers. The move comes as the Bitcoin halving contributed to a profit squeeze for the firm and the mining industry as a whole. Galaxy has 200 megawatts of mining operating out of 800MW approved capacity and another 1.7 gigawatts under study for a potential permit. The brutally competitive bitcoin (BTC) mining industry is offering a clear choice to miners: pivot to artificial intelligence (AI) computing or suffer losses. Michael Novogratz’s Galaxy Digital (GLXY.TO) is the latest to…

Approximately 28,000 Bitcoin options contracts are expiring on Friday, Nov. 1, with a notional value of around $2 billion. Today’s options expiry is much smaller than last week’s month-end event, which saw more than double the value of BTC options expiring. Therefore, its impact on spot markets is likely to be muted. Bitcoin Options Expiry This week’s tranch of Bitcoin options contracts, the first in November, has a put/call ratio of 0.92. This means that long (calls) and short (puts) contract expiries are more evenly distributed. The max pain point of today’s batch is $69,000, which is pretty close to…

SynFutures, a decentralized derivatives trading platform, has launched its Perp Launchpad, designed to help crypto projects establish perpetual futures markets. The platform’s objective is to increase trading access for lesser-known tokens, offering more opportunities for users to engage with a diverse range of digital assets, according to a SynFutures press release. Introducing SynFutures Perp Launchpad + a $1,000,000 Grant 🎉This is the first ever crypto derivatives launchpad. Now, any project can launch perpetual futures trading pairs for any crypto asset.Additionally, SynFutures is allocating $1 million Perp Launchpad Grant to support… pic.twitter.com/WUZ6NuyHT2 — SynFutures (@SynFuturesDefi) November 5, 2024 This launchpad stands…

Binance, a major global cryptocurrency exchange, has thrown its weight behind the upcoming hard fork and network expansion of Firo, a privacy-focused digital currency formerly known as Zcoin. This development, announced on September 12th, is set to enhance the Firo network and attract greater attention from the crypto community. The news has already positively impacted Firo’s price, which jumped 3%. Binance Gears Up for FIRO Upgrade According to Binance’s official statement, the exchange is actively working to support Firo’s network upgrade and hard fork. Additionally, Binance plans to temporarily suspend FIRO token deposits and withdrawals from September 16th at 04:00…