Author: NBTC

Artificial Superintelligence Alliance (FET) emerged as one of the biggest gainers over the last week, outperforming the biggest cryptos like Bitcoin (BTC), Solana (SOL) and TRON (TRX). FET price has surged by more than 70% in the last 7 days. FET price recent spike comes in as Fetch.ai is launching an Innovation Lab in San Francisco, California to push the boundaries of AI technology. It is expected to be a playground for early-stage startups developing AI agent solutions. FET jumps 7% in 24 hours Recovering from the heavy selling pressure, FET managed to get back on track posting the biggest…

Caroline Ellison, the ex-girlfriend of Alameda Research’s former co-CEO and FTX founder Sam Bankman-Fried, is scheduled to be sentenced in a New York courtroom on September 24. Ellison was found guilty of multiple fraud charges that resulted in billions of dollars in consumer losses following the collapse of cryptocurrency exchange FTX in December 2022. Ellison faces serious charges including two counts of conspiracy to commit fraud, two counts of conspiracy to commit fraud and one count of conspiracy to commit money laundering. Those charges carry a potential maximum sentence of 110 years in prison, but his sentence is expected to…

RedStone, a modular blockchain oracle provider, has launched the Composite Ether Staking Rate (CESR), the first on-chain benchmark for Ethereum staking yields, as announced by the company today. Ethereum staking yields refer to the rewards earned by participants who lock up (stake) their ETH tokens to help secure the Ethereum network. With the CESR, RedStone aims to standardize the measurement of annualized staking yields across the Ethereum validator population. The team said that the CESR is designed to provide a reliable and transparent metric for developers, market participants, and institutional players interested in creating innovative Ethereum yield derivative products. The…

Andrei Grachev, the managing partner of Web3 market maker DWF Labs, has bought $500,000 worth of Toncoin to show support for Telegram founder Pavel Durov. In a post on X (formerly Twitter), Grachev described it as his little way of showing solidarity. With the move, Grachev joins the growing list of people in the crypto community who have been showing support and calling for Durov’s release since his arrest in France last night. Elon Musk even joined the call by posting the #FreePavel hashtag. Grachev acquisition is a show of confidence in TON According to Grachev, he bought the tokens…

Decentralized finance defenders argued against imposing stringent anti-innovation rules on the fledgling digital asset industry. At a U.S. House Finance Services Committee hearing titled “Decoding DeFi: Breaking Down the Future of Decentralized Finance,” a roster of DeFi proponents testified to protect the sector from stricter rules focused on anti-money laundering and introducing total surveillance on web3 users. Crypto skeptics like Representative Bill Foster and other Democratic Congress members claimed DeFi developers should be held liable for criminal uses of blockchain technology. Rep. Foster and other anti-DeFi legislators reiterated proposals to tighten the regulatory noose around crypto activity. Specifically, Committee members…

A new token launchpad on Solana will enable users to create decentralized applications (dapps) using just an AI prompt. Launching on September 10, dappslap is a “marketplace for ideas,” founder Troy Murray told Decrypt. https://t.co/T2WrkqD46o is live. Launch a dApp with one click. Currently live on @solana. $SOL pic.twitter.com/ZYDuokwfLk — dappslap.ai (@dappslap) September 5, 2024 Users can quickly launch a dapp using an AI prompt, and if the dapp escapes a bonding curve, the prompt gets put into an AI generator and created. The idea, Murray explained, is that “the best ideas will escape the bonding curve,” similar to how…

The current percentage of Bitcoin in the loss range in 2024 is similar to the significant correction during the 2020 bull cycle, according to CryptoQuant. $BTC – UTXO loss ratio is similar to the 2020 bull cycle“The estimated percentage of Bitcoin in the loss range as of 2024 is similar to the big correction during the 2020 bull cycle.” – By @DanCoinInvestor Read more 👇https://t.co/DIb0SWs9Vu pic.twitter.com/FjUY3qDdfE — CryptoQuant.com (@cryptoquant_com) August 7, 2024 Crypto and Bitcoin Liquidity Expected to Rise Amid 2024 A significant market crash occurred in early 2020 for the cryptocurrency market as a result of the Covid-19 pandemic.…

Trust Wallet CEO notes rising user adoption in Africa and South Asia. Stablecoins like USDC fuel Trust Wallet’s popularity in these regions. Trust Wallet, a leading decentralized crypto wallet backed by former Binance CEO Changpeng Zhao (CZ), is experiencing remarkable growth in Africa and South Asia. Users in these regions increasingly seek stablecoins like USDC to secure their financial assets. The rise in adoption highlights the growing trust in on-chain wallets, particularly in areas where traditional banking systems may be less reliable. Eowyn Chen, the CEO of Trust Wallet, emphasized the importance of stablecoins in providing financial security. She pointed…

Fruition Production, a Los Angeles-based film and gaming studio, has announced that the release of an XRP documentary is scheduled to take place this November. A new trailer is expected to be unveiled in about a week or two before the official launch. The project is expected to “stir the pot” after some “serious research.” The company has taken matters into its own hands, pursuing self-distribution. The documentary will be initially available on such major platforms as Amazon and Apple TV. “The documentary will be available in many places so that audiences can view it in the locations they think…

Soneium, layer-2 di Ethereum pre-announced on August 23 by the tech giant Sony, has revealed that it will launch in the future a stablecoin pegged to the yen thanks to the subsidiary Sony Bank. The new blockchain, currently in the testnet phase under the name “Minato“, will likely be introduced in mainnet in Q1 2025. The debut of a Japanese stablecoin could push several other web3 providers to invest in the enhancement of this specific market niche, in a context where the US dollar predominantly reigns. Let’s see all the details below. Sony and the scheduled launch of Ethereum layer-2…