Author: NBTC
Bitcoin (BTC) price has remained in a holding pattern in the past two weeks as it continued to underperform American equities, which had their best week in over nine months. Bitcoin has been stuck between the support at $57,000 and the resistance point at $62,000 while the Dow Jones, Nasdaq 100, and S&P 500 indices are within touching distance to their all-time highs. Therefore, as always, some investors believe that Bitcoin may be about to stage a strong bearish breakout as we saw after its strong rally in 2021. However, a closer look at the coin’s charts show the opposite.…
BeInCrypto comprehensive Latam Crypto Roundup brings Latin America’s most important news and trends. This week’s roundup includes Bybit’s recent registration as a Virtual Asset Service Provider (VASP) in Argentina, Yilport Holdings’ strategic investment in El Salvador, and Paraguay’s Minister of Economy and Finance opposing punitive energy tariffs for cryptocurrency miners. Bybit Registers as Virtual Asset Service Provider in Argentina Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially registered as a Virtual Asset Service Provider (VASP) in Argentina. The registration with the Financial Information Unit (UIF) marks a major step for the digital asset industry in the region.…
Solana-based memecoin Dogwifhat (WIF) witnessed a 28% price surge in 24 hours. This sudden increase brought its market capitalization to over 2 billion dollars. Digwifhat’s retail price was hovering just above $2 at the time of this publication, according to raw data from Coinmarketcap. According to Coinmarketcap, Dogwifhat’s 24-hour trading volume currently sits at just over $400 million. The dog-themed memecoin’s $2 billion market cap makes it the leader in the memecoin pack. The project’s recent price surge propelled it to the top, making it the best-performing memecoin project in the top 100 cryptocurrency list. Memecoins are proving to be…
A South Korean civil servant has been charged with allegedly embezzling over $400,000 from government funds and using some of it to invest in cryptocurrencies. According to a Yonhap News Agency report, the Cheongju District Prosecutors’ Office announced that they had arrested and charged an unnamed grade six civil servant working at Cheongju City Hall. The accused, in their forties, is accused of misappropriating approximately 600 million won (around $438,000) over a seven-year period beginning in January 2017. Prosecutors state that a portion of these funds was used to purchase cryptocurrencies and trade stocks. According to the indictment, the civil…
Xaman Wallet collaborates with Immersve, a global web3 card issuing platform and principal member of Mastercard, to launch self-custodial web3 cards. Xaman Wallet, formerly known as Xumm Wallet, has announced its partnership with Immersve to roll out a self-custody web3 cards powered by Mastercard. Xaman Wallet announced the partnership in an August 15 post on X, quoting an Immersive tweet to the XRP community. The disclosure spotlighted a new functionality that will power the web3 MasterCard experience. XRP community figure Eri reacted to the collaboration between Xaman Wallet and Immersve, congratulating Jerome Faury, the founder of Immersve, on the milestone.…
INTO has announced its partnership with Atleta Network, a cutting-edge blockchain platform specifically designed for the sports industry. Atleta Network is an L1 EVM-compatible blockchain. It means that seamlessly integrates with Ethereum-based applications. This feature makes the platform more flexible and efficient for users in the sports world. We’re thrilled to partner with @Atleta_Network , the L1, EVM-compatible blockchain designed specifically for the sports industry! 🤝⚽️Atleta Network brings native DeFi apps, interoperability integration, and a secure massive data layer, making it a game-changer in the sports… pic.twitter.com/nwBMC0B5pw — INTO (@intoverse_) August 17, 2024 To better appreciate how Atleta Network is…
Bitcoin Bitcoin and crypto prices have swung wildly this week as iPhone maker Apple announces a game-changing update to its Wallet app. The bitcoin price has bounced between $70,000 per bitcoin and $50,000 over the last few weeks as traders brace for a fresh U.S. crypto crackdown. Now, as former U.S. president Donald Trump floats a radical plan to pay off the U.S.’s $35 trillion debt pile with bitcoin, one legendary trader has predicted Treasury secretary Janet Yellen’s liquidity bombshell could be blown out of the water by China. Sign up now for the free CryptoCodex—A daily five-minute newsletter for…
TON Ventures, the first venture funding project of the prominent TON Blockchain, invests in GAMEE. GAMEE, the subsidiary gaming platform of Animoca Brands, discloses the major funding from The Open Network (TON) Ventures through its official X account. This funding will empower the GAMEE ecosystem and its Mini App, WatBird. Our subsidiary GAMEE (@GAMEEToken) has received an investment from @TON_Ventures, the first venture fund of @ton_blockchain. pic.twitter.com/hQkVD6oOxV — Animoca Brands (@animocabrands) August 17, 2024 GAMEE To Integrate the TON’s Digital Assets to Its Telegram Mini App GAMEE, the leading Web3 and mobile phone gaming platform will receive funding from the…
A whale has recently gone through huge losses. SpotOnChain, a famous crypto analytics firm, has revealed a distressing story of a big investor who incurred substantial losses on a memecoin due to a mistake. The analytics company took to its official X account to disclose the details of the respect sad event. What a sad story!2 hours ago, a whale deposited 519B $PEPE ($5.11M) to #Binance at an est. loss of $207K (-3.9%).The whale accumulated these $PEPE tokens before the ATH in late May and could have made a $3.47M profit had it unloaded during the pump!Besides losing in PEPE,……
According to a recent report by the organization “Transparency International Russia”, there have been frequent cases of money laundering between Russia and the UK through the illegitimate use of crypto and digital payments. The research highlights the vulnerability of institutions that find themselves having to face an increasingly expanding phenomenon, despite the AML control numbers. A wide range of financial companies execute substantial movements of electronic money through multiple corporate accounts and off-shore entities, making supervision by the competent authorities complex.Let’s see all the details below. Some regulatory gaps facilitate money laundering between Russia and the UK E-payments and money…