Author: NBTC

Spanish telecom giant Telefónica has joined Privado ID as a systems integrator to develop new digital identity solutions using decentralized technology. According to a press release shared with crypto.news, Telefónica Tech, Telefónica’s digital business unit will work with Privado ID to create secure, privacy-centric services that comply with the latest European regulations on digital identity. Privado ID, previously known as Polygon ID, was spun off from Polygon Labs in June 2024. The project specializes in privacy-focused digital identity solutions, enabling on-chain verification while safeguarding user privacy. The partnership comes as the EU’s new digital identity rules, eIDAS 2.0, mandate that…

Bitcoin (BTC) fell below $50,000 on Monday in a decline that started over the weekend. The main reason for this decline is considered to be the Bank of Japan’s interest rate increase and the sharp decline in the Japanese stock market, which exceeded 13 percent and has not been seen since 1987. While the recovery in global markets also lifted Bitcoin and altcoins, BTC rose to over $ 57,000. Investors Should Wait Until Bitcoin Price Drops Below $40,000! However, 10X Reserach founder Markus Thielen, who attracted attention with his successful predictions, argued that for the ideal entry point for investors,…

DOGS, a meme coin tied to the Telegram community, will be officially available on major exchanges starting August 26. The upcoming event has generated a lot of hype, especially among messenger users, where the project first gained traction. Here are key things you need to know before DOGS starts trading. Telegram Meme Coin DOGS Starts Trading Tomorrow DOGS, a meme coin linked to the Telegram messenger, will begin trading tomorrow on major platforms like Bybit, OKX, and Gate.io. Inspired by “Spotty,” a mascot created by Telegram founder Pavel Durov, the project quickly gained traction, especially after being featured in Binance’s…

Singapore police are investigating potential violations of the Payment Services Act involving the sale of Worldcoin accounts and tokens. Five individuals were arrested in connection with the alleged scheme to buy and sell Worldcoin accounts, with over 200 mobile phones seized. The ongoing investigation highlights regulatory concerns and privacy issues related to Worldcoin’s global digital identity project. The Singapore Police Force has started an investigation into the sale of Worldcoin accounts and tokens involving seven individuals suspected of offering related services. Deputy Prime Minister Gan Kim Yong announced this move on Monday in response to potential 2019 Payment Services Act…

OKX Ventures, the prominent Web3 technology firm of OKX exchange, has recently announced a new partnership with Nytro Lab. As a part of this collaboration, OKX Ventures has invested in the beta test of Castile (a Roguelike and AAA RPG set in the Cthulhu fantasy universe). OKX Ventures announced this development on its official social media account. We are pleased to announce the partnership with Nytro labs, Huge congratulations to the #Castile Beta Test @Castileofficial !https://t.co/fN9ky6E2S7 pic.twitter.com/Rvx5ejS8Un — OKX Ventures (@OKX_Ventures) September 11, 2024 OKX Ventures Invests in Castile of Nytro Lab for Its Beta Test Apart from the announcement…

RWA App recently integrated with Near, an innovative layer-1 blockchain. With this new integration, RWA’s database now tracks over $630 million in tokenized treasuries and stablecoins on the network. Near Protocol is a layer-1 blockchain network that provides developers with a platform to build decentralized applications. It is faster and cheaper than Ethereum, and is claimed to be faster than some of its largest competitors. When fully completed, Near is estimated to be able to process up to 100,000 transactions per second (TPS). It allows users and developers to interact across multiple ecosystems from a single account. RWA App offers…

Despite a turbulent Monday in the markets, some Bitcoin investors remain persistent in their predictions that the BTC price will reach $100,000 by the end of the year. Data from derivatives trading tracker BasedMoney reveals that options that will pay out if Bitcoin reaches that price when contracts expire on December 27 are still the most popular among traders. Options are financial derivatives that allow investors to speculate on price movements. Call options represent bullish bets, while put options can serve as a hedge against market volatility by paying out if the price of an asset declines. The 180-day skew…

A report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. Data from multiple surveys showed that crypto interest and ownership did not rise, even as prices surged. The report suggests further research into consumer behavior in response to market fluctuations is needed. Report Explores Effects of Price Changes on Crypto Ownership The Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI) released a report on Friday, authored by Senior Advisor and Research Fellow Tom Akana, titled “Do Price Changes Affect Crypto Ownership?” The report explores…

Lookonchain, a famous on-chain analytics firm, recently disclosed a substantial transfer by the biggest dogwifhat ($WIF) holder. As per Lookonchain, the whale spent up to 1.54M $USDC tokens to buy 800,556 $WIF coins at a per-token price of $1.92, resulting in a profit of $77 million. The analytics company provided the details of the respective development on its official social media account. The largest holder of $WIF spent 1.54M $USDC to buy 800,556 $WIF at $1.92 again!This whale currently holds 28M $WIF($53.23M), and the profit on $WIF has exceeded $77M!https://t.co/MYA8tsXYpe pic.twitter.com/V37j7egQsI — Lookonchain (@lookonchain) August 25, 2024 The Biggest $WIF…

The UK’s Financial Conduct Authority (FCA) has taken unprecedented action against an individual accused of running an illegal network of cryptocurrency ATMs. As the market watchdog emphasizes, this is its first set of charges involving physical machines that allow for the buying and selling of digital assets. At the same time, the FCA reminds that “there are no legal crypto ATM operators in the UK.” Any such machines operate illegally, and those using them indirectly contribute to the global money laundering scheme. Olumide Osunkoya, a 45-year-old London resident, faces charges for allegedly operating multiple crypto ATMs without FCA registration. These…