Author: NBTC

Once China’s second-richest man was sentenced to six years in prison in Singapore for orchestrating a fraudulent crypto investment scheme. Tycoon Yang Bin, a Chinese-Dutch national and the second-richest man in China by Forbes for 2001, was sentenced to six years in prison in Singapore and fined S$16,000 (around $12,200) on Monday, Aug. 26 for leading a multi-million-dollar Ponzi scheme masquerading as a crypto investment operation, per a report from CNA. Yang, who founded A&A Blockchain Innovation in April 2021 without a valid work permit, falsely claimed the company owned 300,000 cryptocurrency mining machines capable of delivering daily returns of…

Analysts at H.C. Wainwright & Co. believe Cipher’s recent acquisition in Texas will enhance its strategic operations. Cipher recently announced the acquisition of a 300 MW development site in West Texas, increasing its total energy pipeline to over 2.5 GW across 10 locations, according to analysts at H.C. Wainwright. The deal, valued at $67.5 million or $225,000 per MW, also includes a $3 per MWh variable fee for the first five years post-energization. This acquisition is notable for its front-of-the-meter capacity, a fully energized substation, and 250 acres of surrounding land. While the company’s management did not provide details on…

TL;DR Aptos Foundation partners with Myco to integrate its Web3 streaming technology into the APT blockchain, driving the decentralization of digital streaming. The collaboration includes the upcoming launch of Myco’s native token, a key component of its goal to become a fully decentralized streaming platform. Tether launches USDT on APT, offering low-cost transactions. The Aptos Foundation has announced a new strategic partnership with Myco, a Web3-based streaming platform, with the aim of integrating its technology into the APT blockchain. The collaboration is focused on promoting the decentralization of digital streaming, a growing sector looking to leverage emerging technologies. The alliance…

The chief executive of Bitcoin wallet and payments application Strike believes the federal government is about to make moves that will be beneficial for the price of BTC. In a new Kitco News interview, Jack Mallers says the US cannot afford a strong dollar and it also cannot afford a weaker dollar following the stock and crypto wipeout earlier this month. On August 5th, stocks and crypto crashed as the world witnessed the unwinding of the yen carry trade. In Japan, droves of investors borrowed cheap yen to purchase high-growth assets like stocks and crypto to generate profits. But when…

Solana, a leading blockchain platform, keeps on making significant advancements in the DeFi sector. The total value locked in the DeFi ecosystem of Solana is reportedly standing at nearly $5.4 billion, with top protocols in terms of TVL including JTO, KMNO, MNDE, JUP, RAY, CLOUD, DRIFT, BLZE, and so on. Top Solana Protocols by Total Value LockedThe total value of assets locked in #Solana $SOL is around $5.4B, according to @DefiLlama. Let’s compare the top DeFi-protocols on @solana by current TVL in USD including @jito_sol $JTO, @KaminoFinance $KMNO, @MarinadeFinance $MNDE,… pic.twitter.com/o0YddbYVB9 — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 26,…

Ethereum ETFs have hit the scene with a lot of noise, but what’s the real story here? These funds kicked off in the U.S. a month ago, and investors have already yanked out $465 million from the nine ETFs that launched. That sounds like a rough start, right? But look, if you dig a little deeper, you’ll see it’s not all bad. There’s more to this than just a massive cash exodus. BlackRock’s iShares Ethereum Trust (ETHA) just blew past $1 billion in net inflows, making it the seventh most successful ETF launch this year. Fidelity’s Advantage Ether ETF and…

India’s growing adoption of blockchains and distributed ledger technology has bolstered support for tokenized deposits or digital representations of traditional bank deposits hosted on a secure blockchain, according to the Reserve Bank of India (RBI). “Tokenised deposits may have various use cases across domestic and cross-border payments, trading and settlement, and for cash collaterals. In fact, by being programmable, they can be used seamlessly in smart contracts, merging payment information and payment value to provide ‘atomic’ settlement,” Michael Debabrata Patra, deputy governor of Reserve Bank of India, said in his speech at an event. “Overall, tokenised deposits may provide benefits…

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…