Author: NBTC

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…

In the past two days, two major whales, have made significant moves in the cryptocurrency market involving Solana (SOL). According to Lookonchain, these whales withdrew a total of 238,893 SOL from the Binance exchange. The value of these tokens is approximately $41.4 million. In the past 2 days, 2 whales withdrew 238,893 $SOL ($41.4M) from #Binance and staked it!https://t.co/A6AKhPZvZnhttps://t.co/e0ysroHG1x pic.twitter.com/vurGILr9EU — Lookonchain (@lookonchain) July 24, 2024 Whales Stake $41.4M in SOL for Long-Term Gains After withdrawal, the SOL tokens were staked. This means that these investors are interested in the Solana network for the long term. This entails providing certain…

News of a new operation came from China, known for its bans on Bitcoin and cryptocurrencies. People who deceived investors with the promise of investing in Filecoin (FIL) in China were punished for illegally embezzling the money they collected. Authorities in China’s Jiangsu Province have busted an illegal fundraising ring involving more than 40 million yuan (about $5.5 million) in cryptocurrency, local Chinese news outlet Yangtse Evening Post reported. The suspects raised 40 million yuan (about $5.5 million) worth of cryptocurrencies by deceiving investors with the promise of doubling their returns on their Filecoin (FIL) investments. The gang, which attracted…

Kaiko’s research data reveals that the average daily trading volume on the Upbit crypto exchange fell by $860 million in June, a 76% decrease compared to its Q1 value. Bithumb also saw a 70% decline in trading volumes, with both exchanges reflecting the subdued mood of the Korean cryptocurrency market. In comparison to crypto exchanges from other jurisdictions, Coinbase’s average daily trading volume dropped by 40%. Bullish reported a 38% decline, while Bybit experienced a modest 8% drop in average daily trading volume over the period under consideration. Analysts attribute the significant decline in trading volume among Korea-based crypto exchanges…

A Bitcoin whale has transferred a substantial amount of to Binance, a leading cryptocurrency exchange, following a dramatic price drop in the market. The whale has moved 3,500 BTC, valued at $206 million, at an average price of $58,891 per BTC. Following this, the whale’s current holding stands at 4,368 BTC, valued at $256 million. This whale further moved 1,700 $BTC ($99.9M) to #Binance 20 minutes ago.After the #Bitcoin price plummeted today, the whale has moved 3,500 #BTC ($206M) to Binance at an average price of $58,891.Current holding: 4,368 $BTC ($256M).Follow @spotonchain for more updates now! https://t.co/EVCBaq15Ne pic.twitter.com/E29KheknHY — Spot…