Author: NBTC
Vanar, the fastest and carbon-free Layer 1 blockchain, has joined hands with the Pakistan Blockchain Institute (PBI). This partnership is intended to advance AI and Internet of Things (IoT) technologies thus boosting the transformative effects in multiple sectors throughout the globe. Vanar disclosed this groundbreaking partnership through its social media platform, X. Vanar and PBI are all set to drive artificial intelligence (AI) and Internet of Things (IoT) innovation in Pakistan. 📢 NEW ADOPTION ALERT 📢Vanar has officially partnered with the Pakistan Blockchain Institute (PBI)! 🚀Together, we’re pushing the boundaries of AI and IoT innovation to transform industries worldwide. 🌐…
Exchange-traded funds have bucked the trend with higher-than-average volumes in August — yet Bitcoin ETFs suffered extensive outflows towards the end of the month. New figures show that there was an insatiable appetite for exchange-traded funds in August — despite the summer being a traditionally sleepy month in the financial world. According to BlackRock, net inflows rocketed to $129.7 billion last month, meaning the bustling sector is well on track to exceed the annual record of $1.3 trillion set back in 2021. The launch of Bitcoin ETFs back in January has been something of a success story, with the latest…
Russia, which has approved the use of Bitcoin (BTC) and cryptocurrencies in international payments, continues its work in this field. While the stage of the studies is being wondered, the Governor of the Central Bank of Russia, Elvira Nabiullina, made important statements at the Finopolis 2024 Economic Forum she attended. He Pointed to the End of 2024 for the First Cryptocurrency Transaction! The Central Bank governor stated that under experimental legal regulation, the use of cryptocurrencies in international payments is in the testing phase and the first transactions will take place by the end of 2024. Stating that the testing…
Early BABYDOGE Investor Transfers $2.92M Worth of BABYDOGE to Binance, Hinting at Potential Sale An early investor in the BABYDOGE meme coin has transferred approximately 1,266 trillion BABYDOGE tokens, valued at $2.92 million, to Binance after two years of dormancy, according to a report by @ai_9684xtpa on X (formerly Twitter). This significant movement in funds indicates the investor may be preparing to sell, potentially realizing an estimated 531% profit from the initial investment. The transfer, which occurred about seven hours ago, has garnered attention from the crypto community, as large movements from early investors often hint at upcoming market changes.…
Hong Kong has introduced its Chief Executive’s 2024 Policy Address which not only mentioned a number of virtual assets but also measures towards strengthening its virtual asset models. The official statement read, “The Government will continue to promote innovative financial services such as central bank digital currency, mobile payment, virtual banking, virtual insurance and virtual asset trading. The Treasury Bureau will issue a policy statement to elaborate on the policy stance and approach on the application of artificial intelligence in the financial market.” The HK government will also take up other measures in this direction, one of which includes advancing…
Recent observations of the Coinbase Premium chart highlight an intriguing trend. The 1-hour chart shows that volatility has been decreasing, with the upper and lower bounds converging into a triangular formation. According to CryptoQuant, such a pattern indicates that the price difference of Bitcoin in Coinbase and Binance is about to be constricted. Taken together, this means that the market may be close to the fair value, which creates a strong chance for a large movement in the Bitcoin price. Coinbase Premium’s Convergence Signals“During the 2021-2022 bull market, we observed a similar triangular convergence in the Coinbase Premium during a…
Truth Terminal, the bot trained on Internet lore, is on track to build a $1M portfolio. Just a few tokens breaking out may turn the bot into a crypto millionaire. The wallet grows by the hour, as some of its tokens are rallying from their low launch levels. The known wallets of Truth Terminal, the X bot going as @truth_terminal, contained $850M in tokens as of October 17. The wallets were filled mostly by donations, used to give exposure to newly launched memes. The bot already accrued 72.6K followers and despite its controversial content, seems to be ideally placed to…
Chainlink (LINK), the decentralized oracle network, has witnessed a remarkable price breakout, primarily driven by significant whale accumulation. Over the last six weeks, whale investors have added over 8.5 million LINK tokens to their holdings, leading to a renewed bullish sentiment within the market. This surge coincides with increased on-chain activity, making Chainlink a focal point for investors seeking long-term growth. As the 14th-ranked cryptocurrency by market capitalization, Chainlink has seen its price rise by 8.8% relative to Bitcoin in recent days. Whale Accumulation Signals Bullish Outlook Chainlink’s recent price movement can be traced back to whale accumulation. On-chain data…
The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating without a banking license. Plea Agreement The Nigerian Federal Government recently received nearly $100,000 (NGN160 million) from two cryptocurrency firms accused of illegally converting tether (USDT) to naira and vice versa. According to Nigerian authorities, the two firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited violated the law by offering their services without a valid banking license. According to…
Positive sentiment toward Bitcoin is noticeably increasing on social media, which is a first for the cryptocurrency; positive comments have more than doubled negative ones for the first time in more than a year. This optimism, also known as FOMO (fear of missing out), is indicative of a sharp change in the public’s perception of the top cryptocurrency. But there are also some worries brought up by this surge in enthusiasm. Such peaks in optimism have historically corresponded with market peaks. Since many market participants are motivated more by emotion than by fundamentals, when traders exhibit excessive optimism, a market…