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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

OKX Ventures Partners with FLock.io to Revolutionize AI Models and DApps

In a groundbreaking move towards decentralized AI development, OKX Ventures has announced a strategic partnership with FLock.io. Flock.io is a pioneering platform for AI models and decentralized applications (DApps). This collaboration is a significant step forward in harnessing the potential of blockchain technology to revolutionize the AI industry. We are thrilled to announce the strategic partnership with @flock_io , a Decentralized and Permissionless Platform for AI Models and DAppshttps://t.co/gNF65SXXNF pic.twitter.com/aZsJQq1tRg — OKX Ventures (@OKX_Ventures) March 28, 2024 FLock.io Pioneers Decentralized AI Solutions and Transformative Partnerships FLock.io, a decentralized and permissionless platform, leverages the power of Federated Learning (FL) and blockchain…

Markets

Worldcoin claims its business completely legal, WLD faces 10% drop

Worldcoin’s team claims its activities are entirely legal and comply with current legislation in the countries where the coin is represented. In a March 18 post, the Worldcoin team admits that the project is designed to fully comply with all laws and regulations governing the collection and transfer of data. Worldcoin referred to two industry bills: the European General Data Protection Regulation (GDPR) and the Argentine Law on the Protection of Personal Data. “Worldcoin operates lawfully in all of the locations in which it is available.” The Worldcoin team The firm said it works towards full project transparency and does…

Altcoins

Legal Expert Claims SEC Wants Ripple to Dump $2B in XRP and Further Suppress XRP Price

With the SEC seeking a $2 billion penalty against Ripple, Attorney Jeremy Hogan says the demand would require Ripple to sell lots of XRP and further suppress the coin’s price. Several legal experts have commented on the SEC’s recently filed opening remedies brief in the ongoing Ripple lawsuit. Attorney Jeremy Hogan is the latest to comment on the development, ushering in a new twist. Hogan Faults SEC’s $2B Demand Hogan’s emphasis was on the SEC’s plea for final judgment, in which the regulatory agency asked the court to impose a $2 billion fine against Ripple for violating federal securities law…

Regulation

Lending Protocol 3A Announces Its Launch on Linea

3A, a decentralized lending protocol, has recently announced its release on the Linea Mainnet. The company disclosed the news of the launch in its blog, announcing the major updates such as cashback pool and whitelisted collaterals. The company noted that the project will also offer the redemption fee to the owner of the vault. 3A Launches Its Lending Protocol on Linea The platform published a blog post to provide details about the project’s exclusive updates. While informing the DAO members about the respective features, the firm revealed its firm belief in the project’s future. While justifying the selection of Linea…

Blockchain

$20 Million in Bitcoin Long Positions Liquidated as Price Tumbles From Intraday High

The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $71,754, the value dropped to a low of $68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the past 48 hours, bitcoin (BTC) has been in a consolidated pattern without much fluctuation. On Wednesday, March 27, 2024, that changed when the price spiked at around 9:15 a.m. Eastern Time and ran up to a high of $71,754 per coin. The bulls could neither hold the price in…

Bitcoin

Mysterious Whale Sells Dormant ETH to Cash Out Millions

Data shared by the @spotonchain analytics X/Twitter account shows that a smart whale has sold a large Ethereum chunk. It included a lot of dormant ETH coins acquired when the second largest cryptocurrency traded below the $700 zone. Dormant ETH coins bring whale $10 million in profit The tweet reveals that this whale (wallet ending in 0xf2b) has dumped all of his Ethereum – 17,768 ETH, selling it for 62.24 million DAI. The aforementioned amount of Ethereum is equal to a massive $63,655,281 in fiat. That is a ROI of more than 400%, the tweet states. Whale 0xf2b sold all…

Ethereum

Assets Invested in Crypto ETFs and ETPs Rise 359% in 2024 From $15B to $69B: ETFGI

ETFGI, an independent research firm, reports assets invested in cryptocurrency exchange traded funds (ETFs) and exchange traded products (ETPs) listed globally have reached a major new milestone of $69.39 billion at the end of February seeing a 358.9% from $15.12 billion at end of 2023. Crypto ETFs and ETPs listed globally have gathered net inflows of $9.20 billion during the month of February, bringing year-to-date net inflows to $36.76 billion, which is much higher than $179.02 million in net inflows at this point last year. According to research firm ETFGI which was launched in 2012 by Deborah Fuhr who previously…

Markets

Fantom (FTM) eyes two-year high ahead of Sonic upgrade

Fantom (FTM) is one of the altcoins looking to break higher in coming weeks. This outlook continues to strengthen as the layer-1 platform moves closer to its mainnet launch of the Sonic upgrade. It also materializes as the accumulation currently happening across the crypto market signals a potential bull breakout. Fantom edging closer to Sonic Fantom’s Sonic upgrade is set for spring. With testnets launched in October last year, anticipation for what it could mean for the platform is high. At its core, Sonic aims to enhance the Fantom Virtual Machine with new smart contracts language while cutting on costs…

Altcoins

Lebanon Money Exchanger Blacklisted for Hezbollah Crypto Wallet Scheme

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against six entities based in Liberia, India, Vietnam, Lebanon, and Kuwait. Per the announcement, the sanctioned entities have been implicated in facilitating commodity shipments and financial transactions, including cryptocurrencies for the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), the Houthis, and Hezbollah. Treasury has sanctioned 6 entities, 2 people and 2 tankers across 5 countries who are involved in the financing or shipping of oil for the IRGC-QF, the Houthis, and Hizballah – another step in the campaign to disrupt IRGC-QF support to terrorist proxies. https://t.co/hSFydBbEXu…

Regulation

Bitcoin Reacts to SEC v. Coinbase Ruling With Price Drop

In response to the recent court decision denying Coinbase's motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC), Bitcoin experienced a notable decline in value. The court ruled in favor of the SEC, acknowledging the regulator's arguments regarding Coinbase's operations as an exchange, broker and clearing agency, along with allegations of engaging in unregistered sales of securities. Following the court's decision, Bitcoin's price saw an immediate sell-off, dropping over 4% to $68,680. CoinGlass data indicates a significant increase in liquidated positions in Bitcoin, totaling $14.15 million within one hour of the announcement, with a majority speculated…

Bitcoin