Author: NBTC
peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), is proud to announce its newest ecosystem partner, Aizel Network, in a bid to reshape the AI industry with Web3 technology.— Aizel is pioneering the development of a DePIN (Decentralized Private Inference Network) for executing secure, private, and verifiable machine learning models. By leveraging a range of cutting-edge technologies, Aizel aims to provide users with greater transparency into the inner workings of AI-powered applications and services, laying the groundwork for more transparent and secure AI adoption across various critical industries.The AI industry has garnered significant attention in recent years,…
A closely followed crypto strategist thinks that Bitcoin (BTC) is primed to launch the final steep rally of its parabolic trend. In a new video update, analyst Kevin Svenson tells his 142,100 followers on the social media platform X that Bitcoin is about to ignite the last leg of its parabolic rally that could see prices close to $100,000. “Bitcoin may be ready to play out the final vertical point on the parabolic trend, which is a big, big move. Bitcoin is currently sitting in base four. Once we break a new high that confirms base four, we could be…
Crypto trading firm Wintermute will provide liquidity for the Hong Kong-listed spot bitcoin and ether ETFs, the company announced. The London-based company said it wants to play a bigger part in the Asian market, hence the partnership. Looking to strengthen its market share in the Asia region, Wintermute will be a liquidity provider to the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds, the company announced Wednesday. The London-based firm is partnering with OSL Digital Securities and HashKey HK Exchange, both of which are sub-custodians of virtual asset trading platforms facilitating the operation of the ETFs, according to…
Shiba Inu (SHIB) Google Trend search interest has witnessed an increase this month as investors demonstrate renewed optimism in the memecoin ecosystem. Per the Google Search data, the popularity of the “Shiba Inu” phrase comes in at 48 over a 7-day period, a figure slightly below the average of 50. While Shiba Inu’s popularity is down from the peak of 100 recorded on March 16, it is still higher than the interest shown as of January 1. Besides the search for Shiba Inu, searches ranging from “Why is Shiba Inu going up” to “Shiba Inu All-Time High” have also gained…
Four suspected South Korean OTC crypto “thieves” have pleaded guilty to stealing around $735,000 from a crypto buyer in a “bogus” USDT deal. Five men appeared at the Incheon District Court on May 7, all accused of crypto-related theft and fraud, Maeil Kyungjae and Kyeonggi Ilbo reported. One suspect pleaded not guilty. But lawyers for the remaining four accepted the prosecution’s charges. South Korean OTC Crypto ‘Thieves’ Trial Begins The alleged incident took place in the Songnim District of Eastern Incheon at around 4 pm on February 19 this year. Prosecutors think one of the gang’s members met the crypto…
Bitpanda’s crypto offering in partnership with Raiffeisen Bank has been extended beyond Vienna to 55 bank branches across Austria. The crypto exchange is opening a Dubai office, making UAE the choice of its first expansion outside of Europe. European crypto exchange Bitpanda expanded its partnership with the Vienna-based unit of Austrian lender Raiffeisen to offer crypto to customers at 55 bank branches across the country, the firms said on Wednesday. Earlier this week, Bitpanda said it was opening a Dubai office, making UAE the choice of its first expansion outside of Europe. A clear regulatory framework is essential for crypto…
In a latest development, dWallet Network has announced its integration with Celo. Celo is a mobile-first and EVM-compatible blockchain network. This collaboration aims to bring native multi-chain DeFi capabilities to the Celo ecosystem, opening up new possibilities for developers and users alike. Welcome to the Celo ecosystem, @dWalletNetwork! 🤝dWallet’s non-collusive multichain layer will soon deploy on Celo, unlocking native multichain DeFi applications ⛓️🧵 Keep reading for more on the integration & why it matters↓ pic.twitter.com/USjD2MO8gG — Celo 🦇 🌳 (@Celo) May 7, 2024 Revolutionizing DeFi with dWallet Integration dWallet is a groundbreaking infrastructure that enables control over any asset and…
The Dollar Index’s (DXY) recent pullback has crypto traders betting on a continued weakness in the greenback and a renewed bitcoin rally. Societe Generale and Scotiabank expect the dollar to remain firm due to divergent interest rate expectations. Barclays said a potential escalation of trade war between the U.S. and China could bode well for the dollar. Crypto traders are anticipating a renewed weakness in the U.S. dollar, which would catalyze risk-taking and extend the rally in bitcoin (BTC). However, some banks are forecasting continued dollar strength. Since mid-March, bitcoin has mainly traded between $60,000 and $70,000, CoinDesk data show.…
Three Asian-based ventures have joined forces to launch Hong Kong’s first-ever ETF liquidity fund. The fund is valued at HK$1b (about $128m), according to a statement published Wednesday. LD Capital and Antalpha Ventures, along with quant trading firm Highblock, have teamed up for the market-making service. Their liquidity fund aims to boost market activity for Hong Kong crypto ETFs. It will ensure smoother trading and more efficient movement of capital within the Hong Kong ETF market, the statement said. How ETF Liquidity Funds Keep Crypto Trading Smooth ETF liquidity funds boost trading ease for specific ETFs by acting like market…
The Solana (SOL) ecosystem gained the spotlight in 2024, as investors turned their attention to new tokens launched there. Part of that happened following an impressive meme coin boom using Solana as the layer-1 infrastructure for millionaire trades. Notably, decentralized finance (DeFi) data from DefiLlama evidence this growth in the ecosystem. The total value locked (TVL) in Solana tokens reached $4.17 billion, a nearly three times increase from the $1.53 billion TVL year-to-date. Together, the daily volume registered by decentralized exchanges grew from $777 million to $900 million in the same period. This is a direct result of increased trading…