Author: NBTC
The Nasdaq Stock Market LLC, acting on behalf of Canary Capital, submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) on Monday for a spot Hedera (HBAR) exchange-traded fund (ETF). The filing follows Canary Capital’s earlier S-1 registration for the fund in November. The proposed ETF aims to provide direct exposure to Hedera’s native cryptocurrency used for transactions on the network. Regulatory Filing Process and Approval Timeline The 19b-4 filing marks the second phase of the regulatory process required for crypto ETFs. Once the SEC acknowledges the filing, it will be published in the Federal Register, triggering…
The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) continues to clock more development activity than any other non-fungible token (NFT) project, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Decentraland registered 116.27 notable GitHub events in the past 30 days. Decentraland also led the rankings in November, October, and September. Flow (FLOW), a layer-1 permissionless blockchain, ranked second with 103.87 events, while the NFT layer-2 scaling solution Immutable X (IMX) ranked a distant third with 31.43. Source: Santiment Santiment notes that it does not count routine updates and utilizes a “better methodology”…
Blockchain-driven battle royale shooter Off the Grid has launched what Gunzilla Games is calling its “biggest update yet” by unlocking a region of the map, adding a new cyberlimb into the game, and debuting a new “street event.” Off the Grid made a major splash when it entered early access back in October, due to its blend of the battle royale and extraction shooter genres, combined with quirky characters in a reality TV-inspired setting. It quickly became the most popular free-to-play game on the Epic Games Store, surpassing Fortnite in the process, and later won Decrypt’s Game of the Year…
Coinbase has partnered with Onboard Global to offer Nigerian users secure and efficient cryptocurrency trading. Shielding Coinbase from Regulatory Risk Coinbase and Onboard Global have partnered to provide secure and efficient cryptocurrency trading for Nigerian users. The collaboration enables the purchase of cryptocurrency with local currency through a peer-to-peer (P2P) exchange, with streamlined verification and lower fees. For users purchasing cryptocurrency worth $100 or less, identity (ID) verification is not required. According to a report, Coinbase had previously avoided the Nigerian market, deeming it high-risk. Furthermore, starting in the first half of 2024, Nigerian authorities clamped down on global cryptocurrency…
Miner Extractable Value. That phrase is essentially one of the biggest fundamental risk spaces that exist for blockchain based systems. The original conception of a blockchain included incentives for miners (or other consensus participants deciding transaction ordering) to earn revenue based on whatever initial block subsidy is entered into circulation each block in addition to fees paid by users to have their transactions confirmed. These two things are no longer the only sources of revenues that incentivize the actions of miners. More complicated contracts and protocols now exist to facilitate the creation of, and exchange between, different assets hosted on…
Strategy CEO Michael Saylor has caused some backlash on X after seemingly joking after seemingly joking about selling kidneys following Bitcoin’s massive crash below the $80,000 level. “Sell a kidney if you must, but keep the Bitcoin,” he said on X. Some have commented that the joke went too far. One user initially thought that this was a parody account before realizing that this was a real post. “Saylors out here trying to have people sell their kidneys so that his investors don’t take both of his and feed him to the fishes,” another X user said. Back in 2021,…
VeBetterDAO launched Venus GM NFTs, allowing participants to earn higher $B3TR rewards. New GM NFT tiers will unlock throughout 2025, requiring increasing B3TR contributions to progress toward the highest-level Galaxy tier. VeBetterDAO has introduced the Venus GM NFTs, the fourth tier in its NFT-based rewards system. This latest addition enables participants to increase their $B3TR value, at the same time enhancing membership in the ecosystem. Venus GM NFTs also have additional reward ratios, meaning that people who hold them get more governance rewards after voting. This implies that the participants who are promoted to this level have higher control over…
Ethereum price has crashed, making it one of the worst-performing blue-chip cryptocurrencies in February. Ethereum (ETH) dropped to a low of $2,075, its lowest level since January 2024 and about 50% below its highest level in November 2023. The ongoing decline has broken the second-largest cryptocurrency’s six-year track record. This marks the first February decline for Ethereum since 2018 and its worst February performance on record. Ethereum seasonality | Source: CoinGlass Ethereum’s decline has been more severe than that of its largest rivals. Bitcoin (BTC) has fallen by 25% from its highest level this year, while Ripple (XRP) is down…
Raise, a PayPal-backed company specializing in digital gift cards and loyalty programs, has raised a $63 million round led by Haun Ventures. The round brings Raise’s total funding to over $220 million. Other participants included Amber Group, Anagram, and GSR, among others, according to a press release. The Chicago-based company is set to use the funds to develop its blockchain-backed Smart Cards and expand the Retail Alliance Foundation, a non-profit focused on securing and modernizing the global gift card network. The company aims to make gift cards a “fully programmable retail currency” that strengthens brand loyalty. “This isn’t a reaction…
The Quai Network, a pioneer in scalable blockchain technology, and Akash Network have collaborated to introduce decentralized cloud computing capabilities for miners. With the help of Akash’s distributed cloud platform Quai miners can operate through decentralized nodes This integration increases participation across the network, and enables Quai blockchain security by limiting dependency on centralized structures. https://t.co/NNl3VBr5WL — Quai Network ⚡️💵 (@QuaiNetwork) December 27, 2024 With the availability of Akash nodes, Quai Network introduces a decentralized operational framework, aligning with its mission to scale Proof-of-Work technology. Quai Network has disclosed this integration through its X account, showcasing as a new milestone…