Author: NBTC

The Australian Securities and Investments Commission (ASIC) has taken action against a former crypto exchange executive for fraud. According to the announcement today (Tuesday), the regulator charged Grant Colthup, the ex-CEO of ACCE Australia, which operated the Mine Digital crypto exchange, with the theft of AU$2.2 million (about US$1.5 million) from one of the customers. The regulator charged Colthup with one count of fraud, and he appeared in court yesterday (Monday). The case has been adjourned to 16 December 2024. Notably, the proceedings against Colthup came after a regulatory investigation. Paying Liabilities with Customer’s Money ACCE operated a cryptocurrency exchange…

In an exciting Web3 GameFi update, L2 Blockchain, Mantle Network announced its partnership with OKX Web3 to bring users the Mantle Telegram Adventure Event which is a two-week campaign. Gamers will have the chance to win from a prize pool of over 100,000 and additional $MNT tokens. The Telegram Mini-Game event will take place from October 24 to November 7. Mini-Games Worth 1000 $MNT: According to the official announcement, the game is open to all, starting from novice players to expert gamers. Participants are required to link their OKX wallets and complete specific tasks in each of the ten mini-games.…

Victoin, a well-known L1 blockchain that focuses on scalability, security, speed, and user experience, has announced an exclusive collaboration with Fireblocks. The partnership includes the integration of Fireblocks as a technology provider for Viction in an endeavor to offer the top standards of operational efficiency and security for the consumers and builders. The platform took to its official social media account to reveal this collaboration. Viction has now integrated @FireblocksHQ, boosting security and scalability for all builders and Viction citizens. Fireblocks is an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, and we’re excited…

Bitcoin ETFs see record institutional adoption and organic growth, according to ETF experts. Key Takeaways BlackRock’s iShares Bitcoin Trust faced a $9 million withdrawal on September 9. US Bitcoin ETFs reversed an 8-day outflow trend with over $28 million in net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) saw around $9 million in net outflows on September 9, marking its third day of outflows since its January launch. Yet, net flows into US spot Bitcoin exchange-traded funds (ETFs) turned positive, reversing the outflow trend that had been ongoing for the past eight trading days, according to data from Farside Investors. IBIT’s…

Currently, Ethereum is trading at $2,582.01, down 1.56% in the last 24 hours with support near $2,563. The price is now retracing after a recent rally to nearly $2,800. Analysts have mixed views on ETH’s future direction, as technical indicators signal potential consolidation or further downside. Price Action and Technical Analysis The price of Ethereum has retraced sharply off resistance near $2,800, followed by $2,563. The next key resistance level lies around $2,628, where ETH previously faced selling pressure. If the previously established level is breached then this could represent renewed bullish momentum. 1-day Ethereum trading chart: source TradingView The…

Ethereum co-founder Vitalik Buterin recently posted an intriguing anecdote on Twitter stating that he made $5 earlier this year by participating in prediction market arbitrage. This little sum was earned more for enjoyment than for profit, he acknowledged, adding that automated bots are probably taking advantage of these opportunities more frequently these days. A user opened the discussion by asking What prevents people from doing prediction market arbitrage? Buterin’s response: Nothing. Profiting from variations in odds or prices across different platforms is known as prediction market arbitrage. When two platforms offer varying odds for an event for example an arbitrage…

BabyDoge climbed over 222.96% to $0.000000002201 following its listing on Binance Thailand. Since September 17, the token has risen significantly, climbing over 55% from its previous low. Baby Doge Coin (BabyDoge) has seen a notable rise, jumping over 22.96% in the last 24 hours, reaching a peak of $0.000000002201 from a low of $0.00000000179. This surge comes as the overall cryptocurrency market turns bullish, with Bitcoin (BTC) trading at around $64,000. One of the main reasons behind Baby Doge Coin’s current surge is its listing on Binance Thailand, which enables users in the country to participate in spot trading of…

Indian regulators are leaning towards prohibiting private cryptocurrencies like Bitcoin and Ethereum, stressing the advantages of Central Bank Digital Currencies (CBDCs). According to recent reports from The Hindustan Times, key government institutions consulted on cryptocurrency regulation favor a ban. The institutions cited that CBDCs can provide similar benefits with reduced risks. Government’s position on crypto and CBDCs According to officials who pleaded anonymity, recent consultations have concluded that the risks of private cryptocurrencies are more than their benefits. “CBDCs can do whatever cryptos do. In fact, CBDCs have more benefits than cryptos, minus the risks associated with private cryptocurrencies,” one…

Avail DA, a well-known unification layer dealing with Web3, has announced a collaboration with Sophon, a client-led blockchain prioritizing users. The joint endeavor of Avail DA and Sophon includes the integration of the former in AI, art, social, and prediction market-related user-focused apps. The platform disclosed this development on its official X account. We’re breaking down barriers with @sophon to bring consumer entertainment onchain 📺Sophon will use Avail DA and Avail’s custom Light Clients to provide the scale to meet the new era of onchain entertainment. Lightweight, fast, secure infrastructure – for all consumer… pic.twitter.com/dDt6BbDlem — Avail (@AvailProject) October 22,…

The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy issued a bulletin on Monday, urging investors to consider the risks associated with bitcoin and ether exchange-traded products (ETPs), including exchange-traded funds (ETFs). The SEC noted: Investors should understand that bitcoin and ether are…