Author: NBTC

Ethereum options traders have bought over 20,000 contracts targeting the $3,000 level. ETH could soar by 20% to the $2,900 level if it closes a daily candle above the $2,470 level. ETH is trading near the $2,407 level and has experienced a price decline of over 1%. The recent data from QCP Capital has gained massive attention from crypto traders, especially Ethereum traders, as it suggests that Ether is poised for a significant upside rally before December 2024. According to the data, Ethereum options traders have bought over 20,000 contracts targeting the $3,000 level, set to expire on December 27,…

Floki has announced a substantial investment in the new CAT token, derived from the famous animated series “Simon’s Cat.” This decision by Floki’s decentralized autonomous organization (DAO) to allocate $200,000 USDT from its treasury to purchase CAT tokens marks a strategic foray into entertainment-themed meme coins. “Simon’s Cat,” is an animated show known for its humorous depiction of a mischievous cat and his owner. Through the meme coin launch, the brand might be aiming to explore blockchain technology for broader engagement and monetization. Simon’s Cat (CAT) Airdrop in Binance After an approval process, an overwhelming 97.72% of votes within the…

United Arab Emirates (UAE) regulators, SCA and VARA, have signed a cooperation agreement to strengthen the country’s position as a virtual assets hub. The agreement outlines licensing requirements for VASPs, establishes mutual supervision mechanisms, and aims to foster a stable and regulated virtual assets sector in the UAE. Both regulators will work together to ensure compliance with anti-money laundering laws and maintain market confidence. Joint Oversight of VASPs UAE regulators, the Securities and Commodities Authority (SCA) and the Virtual Assets Regulatory Authority (VARA), recently signed a cooperation agreement aiming to cement the country’s status as a virtual assets hub. The…

Rives, a blockchain gaming project, has announced the launch of its Doom Olympics, a unique competition built on the Cartesi platform. The tournament will feature seven distinct challenges inspired by the classic video game Doom, rewarding top players with over $15,000 in prizes. Rives Combines Blockchain and Classic Gaming With Doom Olympics Rives has structured the Doom Olympics around its innovative onchain gaming framework, leveraging the Cartesi Machine to execute the game in real time. The tournament, starting on Sept. 12, 2024, will unfold over seven days with contests designed to test a variety of skills. Each contest lasts 48…

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…