Author: NBTC

The cryptocurrency market experiences notable price fluctuations, with most assets failing to maintain upward momentum. Bitcoin (BTC) displays weakness after losing nearly 4% over the past day to hover at $66.79K during this writing. While such an outlook painted the altcoin sector red, Gnosis (GNO) defied the bearish odds with a notable uptick. GNO’s price jumped nearly 10% over the past day to $354, confirming stability amid market volatility. GNO 1D Chart on Coinmarketcap What triggered the Gnosis price surge? The altcoin has maintained an upside stance lately, gaining around 25% within the past month. Meanwhile, news about the community…

Italy is beefing up surveillance over risks tied to the crypto asset market. The draft decree reviewed by Reuters said fines as high as 5 million euros ($5.4 million) could be imposed. Italy is set to adopt measures that will include high fines for those who manipulate the crypto asset market as part of a wider scheme to beef up surveillance of risks tied to the sector, Reuters reported, citing a draft decree it reviewed. The document is due to be approved by the cabinet later today and will include fines between 5,000 euros ($5,400) and 5 million euros for…

The Maritime Industry Authority (MARINA), the Philippines‘ shipping and seafaring regulator, is preparing to launch an innovative online system aimed at improving services for Filipino seafarers and other maritime industry stakeholders. This new initiative promises to significantly upgrade the efficiency and reliability of maritime service delivery. Blockchain-enabled certification system On June 14, the Department of Transportation (DOTr) Undersecretary for Maritime Affairs, Elmer Sarmiento, announced the introduction of MARINA’s Blockchain-Enabled System for Transactions (BEST). This cutting-edge system is designed to facilitate real-time processing and updating of applications online. “It (BEST) will allow MARINA clients to pay online, track and update their…

While the developments in the Spot Ethereum ETF approval process last week caused a large increase in the price of ETH, the leading cryptocurrency Bitcoin recorded a more limited increase compared to ETH. While investors are waiting for a big break in the BTC price, CryptoQuant analyst pointed out that whale movements have an impact on the BTC price and said that whale activities and transactions have increased recently. Stating that increasing whale transactions also put constant pressure on the price, the analyst said that the BTC price has not experienced a major increase recently due to this pressure. At…

The initial date for spot Ethereum exchange-traded funds (ETF) trading in the US is still July 2nd, according to Bloomberg ETF analyst Eric Balchunas. In an X post, Balchunas doubled down on this date, highlighting that “a bunch of amended S-1 Forms” for those ETFs might be filed today. “Then ball’s in SEC’s court to let issuers know about any final changes and effectiveness (aka final approval),” added the analyst. On June 14th, he predicted the launch date for the first time, as reported by Crypto Briefing. On May 23rd, the US Securities and Exchange Commission (SEC) approved the ETF…

GameStop (GME) experienced a sharp decline in its stock price on Friday, falling 3% as of this writing to $24.75 amid a flurry of unusual options activity, underscoring the stock’s ongoing volatility since the focal point of 2021’s “meme stock” phenomenon began spiking again in recent weeks. The video game retailer’s options market has been particularly volatile, as noted by popular stock market data resource Unusual Whales on Thursday. The $125 calls expiring Friday saw a dramatic surge in implied volatility (IV) from 650% on Wednesday to 1,127% the following day. This spike in IV indicates significant uncertainty and speculation…

The ASI Alliance, a new alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, has announced a new date for their anticipated token merger. The event, initially set for June 13, is now slated for July 15, according to a press release shared by the team. Earlier in March, Fetch.ai, SingularityNET, and Ocean Protocol entered into a collaborative effort to establish an ethical and decentralized artificial intelligence ecosystem. As part of this initiative, their respective tokens, including FET, AGIX, and OCEAN, will be merged into a single token called the Artificial Superintelligence token (ASI). The merger’s preparation involves complex integrations…

Nigel Farage’s Reform UK party has denied that one of its candidates has any involvement in the “management, decision making or any financials” of a crypto marketing firm described as a ‘Dubai-based Ponzi scheme’ despite him previously claiming to have founded it. An investigation by Hope Not Hate (HNH) found that Councillor David White (a.k.a. the Crypto King of Barnsley), appears to hold executive roles at BuddyX alongside co-founder Mahesh Sharma. Indeed, at a BuddyX conference in Thailand in August 2023, White was introduced as the firm’s co-founder and presented himself as BuddyX’s Head of Business in the UK and…

POKT Network has released its AI Litepaper, exploring the deployment of Large Language Models (LLMs) on its protocol to provide robust and scalable AI inference services. Since its Mainnet launch in 2020, POKT Network has served over 750 billion requests through a network of approximately 15,000 nodes in 22 countries. This extensive infrastructure positions POKT Network to enhance the accessibility and financialization of AI models within its ecosystem. The AI Litepaper highlights the alignment of incentives among model researchers (Sources), hardware operators (Suppliers), API providers (Gateways), and users (Applications) through the Relay Mining algorithm. This algorithm creates a transparent marketplace…

In the last 24 hours, Bitcoin’s (BTC) price has been in a bearish phase after failing to breach the $69,336 resistance. Despite a robust weekly close, the cryptocurrency was unable to sustain a rally beyond the $69,000 resistance, marking another unsuccessful attempt to flip this resistance to support, prompting discussions about potential lower-level tests. BTC/USD 24-hour price chart (source: CoinMarketCap) As of press time, BTC was trading at $68,499, a 0.02% dip from its intra-day high. During the dip, BTC’s market capitalization decreased by 0.82% to $1,349,522,566,505. Conversely, the 24-hour trading volume surged by 23% to $18,603,572,455, suggesting that traders…