Author: NBTC
Prosecutors have presented internal Bithumb documents as new evidence in their case against the exchange’s former CEO, Lee Sang-joon. The documents, dated May 10, 2021, were submitted to a South Korean court where Lee is facing charges related to cryptocurrency listings on the platform. The filings suggest that Lee, alongside former Bithumb Korea CEO Heo Baek-young and the former chairman of Bithumb’s token listing review committee, may have been involved in decisions regarding the listing of Dogecoin (DOGE) and Klaytn (KLAY). Though the document author’s identity remains confidential, Heo claimed the committee’s former chairman may have written it. Lee Denies…
Crypto prices rebounded only a bit with bitcoin (BTC) hitting $55,000 during the U.S. trading session Monday after earlier in the day plunging to just above $49,000. At press time, bitcoin was trading at $53,000, down 10% over the past 24 hours. The broad-market benchmark CoinDesk 20 Index also posted a similar rebound, but was still 13% lower than 24 hours ago. Ether (ETH), which saw an even steeper decline exacerbated by large crypto trading firm selling the asset, saw a similar bounce, but remains down 13% for the session. The rebound happened as U.S. equity markets also cut some…
AIOZ Network has recently signed a new partnership with the University of Aberdeen in order to further the development of medical imaging. This partnership is dedicated to addressing promising technologies for the 3D reconstruction of instruments used in endovascular procedures. The main goal is to enhance the process of medical imaging and visualization which plays crucial role in surgeries and medical fields in general. We’re thrilled to announce our collaboration with University of Aberdeen (@aberdeenuni) on an AI research project aimed at advancing medical imaging.This research will help to tackle the challenge of 3D reconstruction of surgical tools in endovascular…
Singapore is investigating seven people offering Worldcoin services. Worldcoin has already faced regulatory scrutiny in Colombia, Hong Kong, Argentina and Kenya. Singapore is investigating seven “subjects” for offering services of buying or selling of Worldcoin accounts and tokens which is an offense, a written reply in parliament by the government revealed on Tuesday. OpenAI founder Sam Altman has founded the retina-scanning crypto startup, Worldcoin. Two Singapore Ministers of Parliaments, Rachel Ong and Derrick Goh raised questions about whether the sale of Worldcoin in the country has any regulations supporting it or any risks associated with it. Gan Kim Yong, Deputy…
In March, the CNV opened the registry of virtual asset service providers, which is required for companies in the sector that want to operate in the country In 2023, Bit2Me raised $15 million in a funding round to grow its position in Spain and accelerate its expansion in Latin America Bit2Me, a leading Spanish crypto exchange, received approval as a virtual asset service provider (VASP) from Argentina’s National Securities Commission (CNV), the company said Friday. “This authorization reinforces Bit2Me’s position as a company aligned with local regulatory standards, which provides confidence to both investors and Argentine financial institutions,” the company…
A veteran trader who accurately predicted the May 2021 crypto collapse says that Bitcoin (BTC) is setting up for a solid end-of-year performance. Pseudonymous trader Dave the Wave shares a chart with his 145,000 followers on the social media platform, suggesting that Bitcoin is trading within a range between $54,000 and $74,000. However, the trader’s chart also suggests that by the end of this year, the range will brush up against a long-term diagonal support that could act as a launch pad for upward price action before 2025. “BTC setting up for 4th quarter fireworks…” Source: Dave the Wave/X Explains…
MakerDAO introduced new upgraded versions of its DAI stablecoin and the MKR governance token, called NewStable (NST) and NewGovToken (NGT), respectively. According to the Aug. 22 announcement, upgrading to the new tokens is optional, and they will not make DAI and MKR obsolete — both will continue to be available as before unless the protocol’s governance decides otherwise. Users will be able to swap DAI for the new NST token 1:1 and will maintain the ability to revert their holdings to DAI anytime. Additionally, Maker explained that DAI will focus on crypto-native use cases, while NST is targeted at mass…
Singaporean regulators have no plans to allow cryptocurrency use for gambling due to the risks of money laundering. During a Sept. 10 parliamentary address, Ms Sun Xueling, Minister of State for the Ministry of Home Affairs and Ministry of Social and Family Development, clarified Singapore’s regulatory stance on using cryptocurrencies in casino gambling. The minister’s remarks were made during the wrap-up speech for the Second Reading of the Casino Control (Amendment) Bill. Introduced on July 4, 2024, the bill aims to future-proof the framework governing casino gambling activities in Singapore, while giving the Gambling Regulatory Authority the power to prescribe…
Navi protocol has integrated Alchemy Pay’s On & Off-ramp to allow token purchases directly with fiat payments. Users can now purchase $NAVX using fiat currencies. Users can use debit/credit cards and various local payment methods on the Sui Network using AlchemyPay ramp, which also supports $SUI, $USDT, and $USDC. Our On & Off-Ramp is now accessible on @navi_protocol, the leading DeFi platform on @SuiNetwork. Users can now purchase $NAVX using fiat currencies.#AlchemyPay ramp also supports $SUI, $USDT, and $USDC on the Sui Network, allowing purchases with debit/credit cards and various… pic.twitter.com/HS5ncZa6jl — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) September 13,…
Trading legend Peter Brandt believes that the price of Bitcoin could still surge to the $90,000 level after its most recent correction. Important to always deal with PossibilitiesNot Probabilitiesand never Certainties$BTC pic.twitter.com/4xwrcQpcHE — Peter Brandt (@PeterLBrandt) August 5, 2024 The commodity trader has stressed that it is important to deal with possibilities instead of probabilities. “Probabilities get assigned a number and then can establish assumptions. I do not want to trade based on assumptions,” he said in a social media post. As reported by U.Today, Brandt predicted that Bitcoin could potentially peak at as high as $150,000 during this bullish…