Author: NBTC

1KIN Labs is a pioneering force in the Web3 gaming landscape, bridging the gap between decentralized gaming platforms and traditional gaming experiences. Founded with a vision to unify the fragmented world of Web3 gaming, 1KIN Labs has swiftly emerged as a central hub for discovering, accessing, and enjoying a diverse array of blockchain-based games. 1KIN Labs fosters a growing and interoperable gaming ecosystem, leveraging a next-generation platform that connects gamers with some of the world’s best decentralized, community-driven titles. Offering nearly infinite possibilities, a top-tier catalog, early game access opportunities, and tangible rewards, 1KIN Labs allows players to manage their…

Vitalik Buterin recently pointed out a significant change in the cryptocurrency market compared to the industry back in 2018-2019. Although many practical aspects have evolved, some fundamental principles remain constant. Buterin noted that the revolutionary and idealistic visions of blockchain are still alive in response to Joe Weisenthal’s observation regarding the change in crypto culture. Weisenthal pointed out that, in the past, the cryptocurrency community had placed more emphasis on ideas like open internet governance, universal basic income (UBI) and blockchain democracy. As of today, most crypto projects are related to memes or community developments for commercial gain. In response,…

Bitcoin enthusiast on the X platform @pete_rizzo_ has published a thread in which he revealed the story of Laszlo Hanyecz – the guy who made the legendary pizza purchase on what is now known as Bitcoin Pizza day – and his collaboration with the legendary mysterious figure of Satoshi Nakamoto, while the latter was busy creating BTC. Hanyecz was not just a random IT developer who decided to use Bitcoin to buy a pizza. He was a member of Satoshi’s OG developer team and left his trace in Bitcoin mining. Hanyecz discussing ideas on Bitcoin with Satoshi Fourteen years ago,…

Industry giant BAYC is reportedly on the verge of collapse. This comes after BAYC declined from 150Ξ to 8Ξ. A total of two factors have been identified as core reasons behind this decline: minting at a bonding curve price and the departure of Gordon Goner, the original founder of the NFT collection. BAYC sold out all its 10,000 units in May 2021. Every unit went out for 0.08Ξ. The unique monitoring process was necessary because minting NFTs at the end was becoming increasingly costly. BAYC decided to rectify that by introducing a fixed mint price. Thereby, reinforcing the 10K model.…

In the cryptocurrency social market, certain projects have been gaining attention. Currently, their indicators show an increase in the number of social messages in the last 24 hours. Social volume, as referred to, is the level of conversation or mentions any project related to cryptocurrency gains on social media. A higher social volume can be a sign of increasing investiture from the community as they engage and intermingle more. During the last 24 hours, $DUSK has been leading the altcoin market with its highest number of social media mentions. Dusk Network ($DUSK) and Sora ($XOR) Among Top Social Volume Gainers…

A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation. The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea. Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the investment was made by Singapore-based company Das Capital SG, in which he was a partner. However, the independent Montenegrin newspaper…

Switzerland-based blockchain startup Aleph Zero has launched a testnet for its ZK-privacy layer-2 solution zkOS capable of achieving “subsecond proving times.” Aleph Zero, a Swiss firm focused on developing privacy-first blockchain solutions, is launching the developer testnet for its Aleph Zero EVM layer-2 solution known as zkOS, which is capable of achieving “subsecond proving times” compared to minutes in other solutions. Built in partnership with Gelato, a Rollup-as-a-Service provider, zkOS leverages Arbitrum Anytrust DAC, a permissioned set of parties responsible for enforcing data availability in an Arbitrum AnyTrust Protocol chain. “Privacy will become a major narrative in 2024 and beyond,…

Bitcoin (BTC) exchange-traded funds (ETFs) already hold over 1 million BTC in their wallets, according to data aggregator bold.report. As of May 23, all Bitcoin ETF’s holdings amounted to 1,057,039 BTC, which is equivalent to nearly 5% of the crypto’s supply. Grayscale’s GBTC leads the pack with over 291,000 BTC under management, closely followed by BlackRock’s IBIT and their 279,500 BTC stash. Notably, those are the numbers gathered on May 23 and have since changed. GBTC shows 293,000 BTC at the time of writing, while IBIT amounts to 284,526 BTC, according to on-chain data platform Arkham Intelligence. Image: bold.report Outside…

Key Points: Consensys raises concerns over IRS crypto regulations and Form 1099-DA because high compliance costs and inadequate consideration for non-traditional reporting entities. IRS introduced Form 1099-DA for cryptocurrency brokers with the requirement reporting of digital asset transactions starting January 1, 2025. IRS is increasing regulatory focus on crypto tax matters amid growing market scrutiny. Consensys, a prominent blockchain software provider, has expressed significant apprehension regarding the United States Internal Revenue Service’s (IRS) proposed regulations and the newly unveiled draft Form 1099-DA. Consensys Criticizes IRS Crypto Regulations for High Costs The company argues that the extensive data requirements outlined in…

Outlier Ventures, in collaboration with the Celo ecosystem and supported by Defactor, proudly announces the six innovative startups selected for the Real World Assets (RWA) Base Camp accelerator program. The RWA Base Camp is a Web3 accelerator program aimed at fostering the development of early-stage Web3 founders focused on tokenizing real-world assets across various industries.—The RWA Base Camp carefully selected six teams of leading early-stage startups focused on building products across financial assets and infrastructure. These teams are specifically dedicated to building a private credit DeFi lending platform, lending and borrowing secured by RWAs, stablecoin-based microloans based on social reputation,…