Author: NBTC

Four individuals have been charged with conspiracy to manipulate Australian share prices through a coordinated “pump and dump” scheme organized via the messaging app Telegram, Australia’s securities regulator announced today (Tuesday). Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart face criminal charges for allegedly artificially inflating penny stock prices before selling shares at a profit. The charges, filed in Sydney’s Downing Centre Local Court, carry maximum penalties of 15 years imprisonment and fines exceeding $1 million. The Australian Securities and Investments Commission (ASIC) alleges the defendants formed a private Telegram group to select stocks, then promoted them to a…

Bitcoin recently fell below $57,500, marking a 5% drop on July 4. This decline has left investors concerned about Bitcoin’s future price movements. Here, we explore the possible reasons behind the dip and gather insights from experts on Bitcoin’s potential trajectory. Possible Reasons Market Sentiment and Selling Pressure Bitcoin’s recent drop is attributed to several factors. A significant one is the lack of positive sentiment in the market. Consistent selling from spot markets has also dampened the mood among Bitcoin bulls. Anticipation over Mt. Gox payout, which will release 142,000 BTC worth about $9 billion, starting in July, has added…

In its statement, cryptocurrency analysis company Santiment listed the DeFi altcoins that software developers have focused on the most in the last month. According to analyst data, the altcoin that cryptocurrency developers focused on most in the last month was Synthetix (SNX), although there is a small difference between it and the second one. SNX’s developer score was measured as 233.87. On the other hand, dYdX (DYDX) ranked second with 224.93 points. In last month’s list, DYDX was ranked first. In third place is Osmosis (OSMO), which was also in third place in last month’s list, with a developer score…

Decrypt’s Art, Fashion, and Entertainment Hub. UK-based biotechnology company BiologIC Technologies has won a portion of a £33 million grant program from the UK Space Agency to study how biological systems behave in low orbit and space environments, the biotech company announced on Monday. The grant of £300,000—around $390,000—will go toward further research into space biomanufacturing. BiologIC Technologies works across a variety of fields, including developing vaccines and gene therapy techniques. ”Space biomanufacturing has become a strategic imperative for nations needing to sustain human activities in deep space and for biopharmaceutical companies generating new therapeutic value from microgravity environments,” the…

Utrust (UTK) has received a $25,000 grant from ICP Hub Kenya, a move designed to heighten the crypto project’s use cases and adoption. 🚀🚨UTU is joining forces with @icphub_KE to deliver our unique take on Internet Reputation on @dfinity’s #InternetComputer!! 🚀🚨 Get the scoop: https://t.co/IAEZp3whDJ pic.twitter.com/szrnPIQmIE — UTU (@UTUtrust) July 24, 2024 Utrust will use the funding to launch a new project on Internet Computer Protocol to enhance its integration and utility. The alliance will onboard UTK’s internet reputation on Internet Computer. That will allow users to easily integrate the crypto into ICT applications and measure the legitimacy of any…

The US House of Representatives has approved a new cryptocurrency bill aimed at curbing its use for illegal finance. Introduced by Representative Zach Nunn (R-Iowa) on Monday, July 22, the legislation seeks to establish a governmental working group to assess the use of cryptocurrency in terrorism and money laundering activities. This bipartisan effort is designed to enhance public-private collaboration in addressing illicit finance within the digital asset space. As cryptocurrencies increasingly become a prevalent method of payment, Rep. Nunn emphasized the necessity to provide Americans with secure access while safeguarding them from security risks and illicit financial activities. “This bipartisan…

The most bought tokens for the past week belonged to DEX and DeFi projects, with ORCA appearing as the top gainer. Other leading narratives included L1, L2, memes and AI projects. Market cap growth singled out a selection of new top gainers in the past week. ORCA expanded by 62.3%, after breaking out from lows of $1.50. The Solana DEX project managed to reach $2.80, becoming one of the top gainers for the past week. The success of ORCA follows a revival of Solana-based tokens, including MEW and WIF. Other top tokens underscored recent trends in Web3 and decentralized finance.…

The platform’s information quotation flow will be redesigned as part of the update. Updates to UniswapX and other versions are now live on the web app. Uniswap, a decentralized cryptocurrency exchange, has announced an update for UniswapX, and users are hoping for more activity. The platform’s information quotation flow will be redesigned with the deployment of a new auction contract as part of the update. Updates to UniswapX, implemented via a new auction, rework the flow of order quotation information, according to Uniswap Labs. Increased quotation speeds, improved deal execution, and more MEV returned to swappers are all promised by…

Spot Ethereum (ETH) exchange-traded funds (ETFs) surpassed $600 million in volume in less than three trading hours in the US, according to Bloomberg ETF analyst James Seyffart. The amount is roughly 13% of the volume registered by Bitcoin ETFs on their first trading day. Updating with data through 1:30. And correcting formulas. The Ethereum ETFs are on track to be a bit shy of $1 billion in trading — on track to hit about $940 million with 2.5 hours left. $932 million would be 20% of the BTC ETF’s Day 1 Last 30 min of trading will be important https://t.co/Bn1TvywQD6pic.twitter.com/UGRod2rp86…

India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions. He noted that many BRICS members share this cautious perspective. India Supports Cautious Approach to Independent BRICS Payment System Ash Narain Roy, Director of India’s Institute of Social Sciences, discussed India’s stance on an independent BRICS payment system in an interview with the Russian publication TASS last week. Roy’s background includes extensive research and analysis on global…