Author: NBTC
Gotbit allegedly manipulated $WATER token prices, selling more tokens than they purchased, raising fraud concerns. WaterCoin devs transferred 844.44M $WATER to new wallets, selling them for $2.35M in $SOL, fueling manipulation accusations. The FBI created a fake token to catch Gotbit, ZM Quant, and CLS Global in a $25M crypto market manipulation probe. The U.S. SEC, FBI, and DOJ have filed lawsuits against Gotbit and several other crypto firms, accusing them of fraud and market manipulation. Gotbit, a notable “market maker,” allegedly manipulated token prices, including $WATER, claiming to lower prices fairly. However, they sold far more tokens than they…
Telegram Mini Apps, powered by The Open Network (TON), represent a groundbreaking fusion of blockchain technology with mobile gaming. These apps allow users to engage in games directly within Telegram, leveraging TON’s blockchain for seamless, secure transactions and true ownership of in-game assets. This integration not only enhances user interaction through familiar Telegram interfaces but also introduces decentralized finance (DeFi) elements like play-to-earn mechanics, where players can earn cryptocurrencies. TON’s high scalability and Telegram’s vast user base create an ecosystem ripe for innovative gaming experiences, bridging traditional gaming with the decentralized future of Web3. Telegram and TON Network first Airdrop…
Bitcoin has broken past $62K post-Fed rate cut; next resistance at $63K. Ethereum and Solana have also surged, reflecting a broader crypto market rally. Caution remains due to economic uncertainties and potential regulatory issues. Bitcoin (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points. The move by the Fed, aimed at bolstering economic growth and mitigating recession risks, has ignited a rally across digital assets. The monetary policy adjustment has not only energized Bitcoin but also lifted a broad range of altcoins and risk assets. Next Bitcoin (BTC) price…
Vet, an outspoken XRPL validator, has again debunked speculations that the RLUSD could push XRP to a four-digit figure, given new developments. The XRP community figure made the latest disclosure in a post on X amid circulations of a decentralized exchange (DEX) offer on the XRP Ledger involving an unrealistic exchange rate between XRP and the upcoming Ripple stablecoin (RLUSD). The XRP to RLUSD Offer For context, an address created an RLUSD DEX Offer on the XRPL on Sept. 26 at 05:57 UTC as the beta testing phase of the stablecoin project continues. However, the individual behind the transaction sought…
The Virtual Assets Regulatory Authority (VARA) in its efforts to toughen up with regards to supporting and keeping the public safe has announced that as part of its enforcement program it will issue, cease and desist orders along with accompanying fines to 7 entities for operating without a license and for breaching marketing regulations. In the enforcement notice on VARA’s website, it noted that VARA requests the public to avoid engaging with any unlicensed firms. As it stipulated interacting with such entities exposes individuals and institutions to significant financial and reputational risk. Only entities licensed by VARA can offer virtual…
Bitcoin (BTC) trading through summer had investors worried as the world’s premier cryptocurrency entered a pattern of reaching a series of lower lows after recovering to lower highs. Such BTC price action cast doubt upon the notion that the crypto market bull cycle will persist into 2025, but most recent trading has again raised the possibility that the downtrend will end. Bitcoin’s Wednesday climb above $61,500 and then above $62,000 has, per the analysis of Ali Martinez, a prominent crypto expert on X, signaled the return to the bull market, raising the possibility that BTC may again strive for $70,000…
VanEck is unveiling a fresh $30 million fund focused on investments in fintech, digital asset or AI firms in pre-seed or seed stages. About 25-30 different projects will be picked and can receive funding anywhere between $500,000 and $1 million. One of the areas VanEck is interested to invest in through the fund is tokenization. Global investment management firm VanEck is expanding its venture capital presence with the launch of a new fund focused on fintech, digital asset or artificial intelligence (AI) companies in pre-seed or seed stages, it announced Wednesday. VanEck Ventures, with $30 million in assets under management…
Shiba Inu experiences a notable surge in whale activity, with large transactions driving liquidity. Recent data from Santiment has revealed a significant rise in whale activity among top cryptocurrencies, with Shiba Inu (SHIB) emerging as a key performer. This increase has drawn attention due to the notable whale transaction count, which surged by 360.18% for transactions exceeding $100,000. Santiment Despite this jump, SHIB’s market price has experienced a decline over the same period. Shiba Inu’s whale activity places it ahead of several top cryptocurrencies by percentage rise in whale transactions. It follows only Injective (INJ) and Wrapped Bitcoin (WBTC), which…
The Securities and Exchange Commission has finally admitted what we’ve known all along: “Crypto asset security” was a made-up term with no legal basis. After years of misleading the courts and the public, the agency’s quiet abandonment of the term signals a major retreat in its regulation by enforcement campaign against the digital asset industry. Rather than putting out proactive or helpful guidance in recent years, the SEC has been suing industry participants in a thinly veiled attempt to kill crypto. So far, it isn’t going well. If there was any doubt that the SEC’s approach is destined for failure,…
WisdomTree introduces a new feature that lets users spend from their tokenized money market fund using a debit card. Global exchange-traded fund provider WisdomTree has launched a new feature enabling users to spend directly from their tokenized government money market fund using the WisdomTree prime Visa debit card. In a press release on Oct. 9, the company said the integration allows consumers to leverage their yield-bearing investments for everyday purchases, effectively transforming how they manage their finances. You might also like: Australia’s ANZ joins Project Guardian on tokenized assets With a current 7-day yield of 4.60%, the WTGXX fund serves…