Author: NBTC

Solana-based prediction market BET has hit a new milestone of $20 million in its daily volume, according to Dune Analytics data. However, a deeper look reveals a downward trend in BET’s trade count over the past three days, raising questions about how the $20 million volume was achieved. Despite this, the milestone is noteworthy as BET launched less than two weeks ago. This suggests that BET successfully engages Solana users interested in blockchain-based prediction markets. Notably, BET users have wagered more than $23 million across four political bets. Over $20 million of this is on Kamala Harris winning the popular…

A musician from Cornelius, North Carolina has been charged with wire fraud conspiracy, wire fraud, and money laundering conspiracy in connection to a years-long scheme to manipulate music streaming platforms and pocket over $10 million in royalties with AI-generated songs. From 2017 to 2024, Michael Smith, 52, allegedly used AI to generate songs and automated bots to inflate listener numbers across music streaming platforms. While the services used were not disclosed, major players like Spotify, Apple Music, and YouTube Music pay royalties to artists based on how popular they are. The case against Smith was announced Wednesday by the U.S.…

Bitoro has recently announced a new product, BitoroCore, which will fundamentally improve the elastic chain infrastructure. This cutting-edge on-chain perpetual futures infrastructure, built by ZKSync, plans to increase liquidity and improve the perpetual, options, and prediction markets. Bitoro Core Improves Trading Schema Bitoro Core is dedicated to building perpetual and those with options and prediction markets. It has comprehensive, at least partly on-chain liquidity management in the Bitoro Network and can be embedded with existing systems such as Orderly Network and Injective. The new infrastructure accepts on-chain derivatives, thus fostering strength and interaction around derivatives. It communicates with diversified cryptocurrency…

Earlier this month, MicroStrategy made headlines by announcing plans to potentially inject up to $2 billion into its already massive Bitcoin portfolio. In its Q2 financial results, the company revealed it had acquired 12,222 BTC during the quarter for $805.2 million, bringing its total Bitcoin holdings to 226,500 tokens. This substantial Bitcoin reserve solidifies MicroStrategy, led by Michael Saylor, as the largest public holder of BTC. At the current Bitcoin value of $61,155, these holdings are worth over $13.88 billion. MicroStrategy, a software company, communicated its intention to raise up to $2 billion through an at-the-market (ATM) equity offering program…

Ethereum’s price has been trending lower over the past couple of months and is yet to show a sign of recovery. In the past 24 hours alone, ETH dropped to a monthly low of just over $2,300. Technical Analysis By Edris Derakhshi The Daily Chart In the daily timeframe, the price has been dropping since the breakdown of the 200-day moving average, which is located around the $3,200 mark. The Relative Strength Index also demonstrates values below 50%, indicating that the momentum is clearly bearish. As a result, the most probable scenario in the short term is for the market…

Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency asset, the petro. Venezuelan President Nicolas Maduro Hints at a More Crypto-Friendly Future, States Venezuela Needs to ‘Retake the Crypto Path’ Venezuela might retake a crypto-friendly stance in the future. Recent statements given by President Nicolas Maduro at a meeting with banking sector representatives hint…

Meme coin PEPE (PEPE) is poised for a price surge as a whale recently acquired a massive 173 billion tokens amid a broader digital asset market collapse, with the crypto community now expecting a similar market reversal based on PEPE’s price surge. According to a post on social media platform X (previously known as Twitter) by blockchain analysis platform Lookonchain, a whale spent 1.34 million USDC tokens to purchase 173 billion PEPE tokens. The whale has already made $1.77million (+886%) from its investment in the meme coin and it seems that the wallet remains bullish on the digital asset. Lookonchain…

David Schwartz, Ripple’s chief technology officer (CTO) and one of the creators of the XRP Ledger and XRP token has published a post in which he sent a critique at the Fed Reserve and its chairman for laying sanctions on United Texas Bank over its operations with cryptocurrency users. This bank is a member of the Fed Reserve System and the Fed issued it with a “cease ad desist” order. Fed takes dig at Texas bank David Schwartz commented on an X post published by Dennis Porter, president and co-founder of Satoshi Action Fund. The latter shared a screenshot of…

PhronAI, a trailblazer in the blockchain industry, has released the first Layer-1 EVM blockchain with an artificial intelligence-based consensus mechanism. PhronAI has further advanced the design of AI-based blockchains by unveiling the world’s first internal AI-optimizing Layer-1 blockchain that uses the Proof-of-Learning (PoL) Consensus Mechanism. This feat places the company on an advanced blockchain technology level, accumulating over 1 million wallets and over 75000 transactions a few weeks after launching. Incorporating internal AI technology improves the overgrown capacity of blockchain intelligence to increase in the future. PhronAI Revolutionizing Layer-1 Blockchains with Artificial Intelligence Visionary tech entrepreneurs Igor Bershadsky and Guillermo…

The Japanese government is drawing up plans to reduce the maximum tax rate on crypto transactions; lower it from 55% to a flat 20%. This change aims to address investor concerns and streamline the taxation of digital currencies in Japan. Crypto taxation: The #Japanese government is considering changing the current maximum tax rate of 55% for cryptocurrencies to a unified 20% tax rate in response to investor feedback. — MartyParty (@martypartymusic) September 3, 2024 The Financial Services Agency (FSA) of Japan has highlighted the need to reconsider the tax treatment of virtual currency transactions. In a recent tax reform request,…