Author: NBTC

Filecoin is pushing data integrity for AI modeling through FileMarket. The Filecoin ecosystem is growing, solidifying its pace as the largest decentralized data storage. FileMarket, a data tokenization protocol powered by Filecoin (FIL) recently announced the launch of an Artificial Intelligence (AI) data collection platform for users. According to the announcement, users will get paid to train Al by gathering data for the new platform, through the upcoming FileMarket app. “Get ready for an explosive release coming soon,” the protocol noted. FileMarket Partners With Telegram and Farcaster The FileMarket platform collaborated with social networks like Telegram and Farcaster to collect…

Paolo Ardoino, the chief executive officer at Tether stablecoin issuer and chief technology officer at the major Bitfinex crypto exchange, has published a tweet in which he shared his concerns regarding the recent arrest of Telegram and TON founder Pavel Durov. The billionaire was taken in custody at a Paris airport in France upon exiting his private jet after arriving from the former CIS territory. He may face up to 20 years of imprisonment for refusing to cooperate with French law-enforcement agencies and to implement censorship on Telegram. French authorities claim this has led to a massive increase of illegal…

Traders have locked in $345 million in bitcoin options expiring four days after the Nov. 4 elections. Distribution of open interest shows bullish sentiment, according to Wintermute. Crypto traders speculating on how the impending U.S. elections might affect the digital assets industry have locked millions in bitcoin (BTC) options tied to the event. The so-called election expiry options, due for settlement four days after the Nov. 4 elections, began trading on Deribit a month ago. As of writing, the notional open interest or the dollar value of the number of active options contracts was $345.83 million, according to data source…

The new USDS stablecoin and SKY governance token will be available on Sept. 18 with a new DeFi application to interact with the protocol. The protocol’s established tokens DAI and MKR will remain in circulation unchanged, and users can decide voluntarily to exchange. The changes are part of the protocol ongoing overhaul called Endgame. MakerDAO, one of the oldest and largest decentralized finance (DeFi) lenders, is getting a new name and new tokens as part of its on-going revamp. Maker has rebranded to “Sky,” according to a press release on Tuesday. The protocol, which has $7 billion of assets, will…

Ethereum ETFs posted $44.5 million in outflows last week, spearheaded by Grayscale’s ETHE. The Layer 1’s trading volume and transaction count dropped significantly as investors became increasingly risk-averse. Ethereum could continue consolidating after it failed to break above a key rectangle’s resistance. Ethereum (ETH) is down nearly 3% on Monday following a decrease in key metrics, including institutional interest, trading volume and transaction count. The decline is also evident in ETH’s price, which has failed to overcome a key price resistance. Daily digest market movers: Ethereum suffers historical August decline Spot Ethereum ETFs in the US had a total net…

The BLS data is expected to show job growth in the year to March 2024 was significantly weaker than initial estimates, according crypto firm SignalPlus and Morgan Stanley. Goldman Sachs believes the data could overstate weakness. Wednesday could be busy for financial markets, including cryptocurrencies, as lesser-tracked U.S. data is expected to provide a grim picture of the U.S. economy. Still, bitcoin (BTC) bears might want to exercise caution, as the data could be misleading and overstate weakness, according to one leading investment bank. On Wednesday, the U.S. Bureau of Labor Statistics (BLS) will publish a preliminary estimate of the…

Five cryptocurrency whales have sold nearly $8 million in Lido (LDO) tokens following a Securities and Exchange Commission (SEC) enforcement. These crypto whales have sent 4.44 million LDO to a Binance address at over $2.6 million losses. Notably, a report by SpotOnChain suggests that these five whale addresses belong to three unique, highly capitalized investors. According to the report, these five whales moved nearly at the same time, with a few minutes difference. Lido (LDO) whales’ activity As developed, the first entity, ‘Whale 0xd7c,’ deposited its remaining balance of 927,834 LDO, worth $1.68 million. 0xd7c acquired 2.428 million LDO on…

The U.S. Securities and Exchange Commission (SEC) on Monday filed charges against cryptocurrency investment firm Abra—aka Plutus Lending LLC—for allegedly conducting unregistered offers and sales of crypto asset securities, and functioning as an unregistered investment company. Abra has already settled the charges related to its Abra Earn service and has agreed to pay an unspecified fine. An Abra spokesperson confirmed the settlement agreement to Decrypt and said that the Earn service was shuttered in 2022. “Without admission of wrongdoing, PLL agrees to continue to comply with securities laws. No consumers were harmed at all by the settlement or wind down…

PKT is a decentralized media network on Base co-founded by the producer of the blockbuster Oblivion. PKT aims to be a decentralized version of Roku or Apple TV. PKT, a decentralized media network built by three brothers frustrated with Hollywood’s film business, is becoming one of the first DePIN projects to launch on Base, Coinbase’s layer-2 blockchain built on Ethereum. Jesse Berger, one of PKT’s founding community members and the producer of Hollywood blockbuster Oblivion and other million-dollar movie productions, said he had been looking for a way to bring more transparency to movie production. Although many of his movies…

Bitcoin was trading above $61K during the Asian trading day, and Polymarket bettors are forecasting some price stability for the rest of the week. Traders are looking to Jerome Powell’s remarks at the end of the week for indications of where prices may go. Bitcoin (BTC) moved past $61,000 early Tuesday as U.S.-spot exchange-traded funds (ETFs) holding the asset recorded their second-highest inflow activity this month. Bitcoin ETFs recorded over $61 million in net inflows, the highest since $192 million on August 8, data from SoSoValue shows. BlackRock’s IBIT led inflows at $92 million, while Bitwise’s BITB recorded outflows at…