Author: NBTC

The Artificial Superintelligence Alliance (ASI) has initiated its ambitious $7.5 billion token merger, commencing with the consolidation of SingularityNET (AGIX) and Ocean Protocol (OCEAN) tokens into Fetch.ai’s FET token. This initial phase has already been confirmed through on-chain activity, signaling a major shift in the AI cryptocurrency landscape. The Artificial Superintelligence Alliance (ASI) has initiated its highly anticipated token merger, starting with the consolidation of two AI token projects: SingularityNET (AGIX) and Ocean Protocol (OCEAN). According to a post on X by analytics platform Scopescan, a significant whale transaction occurred, where 8 million AGIX tokens and 4.8 million OCEAN coins…

As is known, the “Law on Amendments to the Capital Markets Law” numbered 518, known as the “cryptocurrency law” in Turkey, entered into force upon publication in the Official Gazette on 02.07.2024. In this context, the CMB first published a provisional list of the organizations that declared that they would liquidate their activities and the institutions that declared that they would continue their activities on August 5. While more exchanges have recently been added to the list of those that will continue their activities, the Republican People’s Party has taken the regulation regarding cryptocurrencies to the Constitutional Court. CHP Group…

Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limited (Nasdaq: IREN) reported record financial results for the fiscal year ending June 30, 2024, with notable improvements across several metrics. The company achieved a record adjusted EBITDA of $54.7 million, a substantial increase from $1.4 million in the previous year. This growth was driven by a surge in bitcoin mining revenue, which…

Bitwise CIO Matt Hougan says that institutions are making their way over to crypto markets as the count of corporate holders of Bitcoin (BTC) exchange-traded funds (ETFs) grows. Hougan says on the social media platform X that “the institutions are still coming”, and he counts 1,924 holders of ETF pairs across all 10 of the Bitcoin ETFs currently trading on the stock market. Hougan notes that it is a 30% increase from the previous quarter despite falling prices in Q2. Says Hougan, “Of course, this does not mean 1,924 institutions own Bitcoin ETFs; some investors report positions in multiple ETFs.…

Shiba Inu (SHIB) has remained the undisputed meme coin champion in the Ethereum (ETH) ecosystem amid the notable emergence of new similar projects. The large-cap meme coin, with a fully diluted valuation of about $17 billion and a daily average traded volume of about $156 million, takes pride in nearly 1.4 million on-chain holders. The impressive Shiba Inu’s initial performance, the notable network development, and the support from Ethereum’s co-founder Vitalik Buterin have helped the meme coin remain relevant throughout the crypto bear market. Shiba Inu Developments The top-tier dog-themed meme coin has significantly benefited from the notable development of…

German authorities confiscated 13 crypto ATMs and seized nearly $28 million in cash across 35 locations. It’s been quite the summer for Germany and crypto. German authorities have faced criticism for their negative stance on crypto after selling seized Bitcoin (BTC). Recent busts from August 20 reveal that German authorities are still cracking down on crypto malpractice. On Aug. 20, German authorities carried out a wide-reaching anti-money laundering operation, confiscating 13 crypto ATMs and almost $28 million in cash from 35 locations nationwide, according to Reuters. The raids, led by financial watchdog BaFin in collaboration with police and the Bundesbank,…

Crypto.com, one of the leading U.S.-backed exchanges, has announced the listing of the DOGS (DOGS) token. Its users will be able to purchase it with the U.S. dollar (USDT), the euro and a slew of other fiat currencies. The meme coin upstart, which is powered by The Open Network (TON), is based on Spotty, a canine mascot created by Telegram founder Pavel Durov. Notably, the cryptocurrency has its own bot on Telegram that allows users to collect tokens by participating in various activities (such as inviting friends or subscribing to social media channels). Loyal users and premium subscribers can expect…

A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. Paraguayan Bitcoin Mining Industry Registers Less Than 400 Workers A report presented last week to the Chamber of Senators highlights the low employment level brought to the country by the Paraguayan bitcoin mining industry. The report, which takes data provided by the Social Care Institute (IPS), found…

Bitcoin (BTC) has failed to break past the $60,000 resistance zone, with the maiden cryptocurrency consolidating below this level. A break above the $60,000 resistance is a significant catalyst likely to propel Bitcoin to a new all-time high. Amid the current price movement, Bitcoin has witnessed increased whale activity as investors anticipate a possible breakout. For instance, crypto analyst Ali Martinez shared data in an X post on August 19, revealing that Bitcoin whales have recently realized over $92.7 million in profits. According to the latest data from CryptoQuant, a surge in profit-taking activity occurred between late July and mid-August.…

Ethereum ETFs record their longest outflow streak with five days of consecutive negative flows. Ethereum exchange net flow has increased to 31K ETH, its highest since the market crash on August 5. Vitalik Buterin says Ethereum is growing based on several key metrics. Ethereum technical indicators suggest a range-bound movement amid mixed sentiments from futures traders and fund investors. Ethereum (ETH) is down 1% on Thursday as its ETF and exchange net flows suggest that sellers dominate the market. Despite the selling pressure, Ethereum co-founder Vitalik Buterin shared a post depicting its growth across several metrics. Daily digest market movers:…