Author: NBTC
The Merit Circle ecosystem treasury has announced a remarkable growth of approximately $94 million in the first quarter of 2024, bringing the total treasury size to approximately $201 million. This surge in growth exemplifies the robust financial health of the Treasury and underscores its strategic investments within the gaming industry. Since its establishment, Merit Circle has been at the forefront of promoting innovation and expansion within the gaming community. The Treasury has supported over 60 diverse projects, many of which have demonstrated outstanding performance and potential. A distinguishing feature of Merit Circle is its unwavering commitment to transparency. Since its…
In a significant development today, XRP has experienced an unexpected surge, resulting in a remarkable $1.7 billion increase in its market capitalization within a brief span of four hours. Analysis from CoinMarketCap indicates a swift ascent from $33.21 billion to an impressive $35.3 billion, marking a notable milestone for the digital asset. The surge in XRP’s market capitalization was propelled by a sharp uptick in its price, surging from $0.588 to $0.643, signifying a noteworthy 6.76% increase. This surge positions XRP prominently among the most profitable large-scale crypto assets of the last 24 hours, garnering considerable attention and interest across…
UMA’s Optimistic Oracle (OO) has recently debuted on Base, marking a monumental step forward in the realm of decentralized applications (dApps). With UMA’s expansion onto the Base network, a multitude of possibilities emerge for developers and users alike, as the OO empowers a wide array of Web3 projects, including popular platforms like Polymarket, Sherlock, and Across. UMA’s Entry into the Base Ecosystem UMA’s entry into the Base ecosystem represents a convergence of cutting-edge technologies aimed at driving innovation and scalability in the crypto sphere. As the OO goes live on Base, developers now have access to a versatile tool that…
Metable, the pioneering metaverse dedicated to education, is thrilled to announce the successful beta launch of its blockchain platform. Positioned as the evolution of traditional online education, Metable’s virtual world, built on the Polygon blockchain, offers a decentralized ecosystem where users can create and own their virtual schools while earning through teaching.—The integration of blockchain technology enables students and teachers to earn royalties from the resale of NFT online courses, a feature previously unavailable in the web 2.0 landscape. This groundbreaking approach opens up new learning experiences and business models for content creators, influencers, and professionals alike.VIDEO: Metable Metaverse Closed…
Bitcoin stands out as a frontrunner in the cryptocurrency industry, with analysts predicting an exponential rise in adoption rates. According to renowned analyst Willy Woo, Bitcoin is on the verge of a monumental leap, expecting to match the Internet’s growth trajectory from 1997 to 2005. What One Billion Bitcoin Holders Means Woo believes this seismic shift in adoption has been brewing for years. For this reason, “1 billion people will own Bitcoin by the end of this cycle,” Woo asserted. He highlighted the digital currency’s accelerated adoption rate, which outpaces that of the early Internet. Given Bitcoin’s accelerating acceptance worldwide,…
CDP Venture Capital has recently launched the Frontech Accelerator, a part of its National Accelerator Network, with technical backing from Algorand and Microsoft. The Algorand Foundation has expressed pride in its role as a technical partner in this new venture. Supported by CDP’s Accelerator Fund and co-investors GELLIFY and Cariplo Factory, the Frontech Accelerator boasts an impressive endowment exceeding €7 million. The program’s primary focus lies in nurturing “frontier” technologies that drive digital transformation across sectors like digital identity, intellectual property authentication, generative AI models, gaming, AR/VR, digital art, and more. The Frontech Accelerator aims to select ten startups annually…
Zeta Markets, a decentralized exchange (DEX) built on Solana, will launch its governance Z token today, according to a statement shared with CryptoSlate. The DEX revealed that the token’s debut aligns with its commitment to “becoming a fully community-centric protocol” and empowers its community members to influence its decisions. Zeta has enjoyed considerable interest and adoption from the crypto community thanks to the rising popularity of the Solana ecosystem. The DEX stated that its monthly trading volumes crossed a new all-time high (ATH) of over $1.2 billion, traded by more than 71,000 monthly active users in March. Data from DeFillama…
Stuart Alderoty, chief legal officer at Ripple, has clarified there is no pretrial conference with the U.S. Securities and Exchange Commission scheduled for Apr. 16, countering some misinformation on social media. The conference will not take place because Ripple CEO Brad Garlinghouse and co-founder Chris Larsen were cleared of all charges by the SEC, Alderoty explains. The two top executives were initially accused of aiding and abetting Ripple in its securities law violations. The schedule item, which was shared by a popular member of the XRP community, is outdated since it was set before the charges were dropped in October.…
Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday. The investigation, which spanned from 2020 to 2023 and focused on data center operations, revealed that they deliberately exploited tax incentives for which they were ineligible. Patrik Lillqvist, head of the agency’s intelligence unit, explained that the companies’ actions constituted an attempt to secure undue tax advantages. In response, the agency is demanding an additional 990 million Swedish krona ($91 million) in taxes, including value-added tax (VAT) and surcharges. The report highlighted difficulties investigators encountered in determining the…
The developer stack that powers Cosmos-based blockchains suits the needs of many protocols developed currently, according to Marko Baricevic. The Ethereum layer-2 blockchain narrative could benefit the modularity work of projects built with the Cosmos software development kit (SDK), says Marko Baricevic, product lead of the Cosmos SDK at Binary Builders. As rollups use Cosmos SDK-based structures like Celestia for data availability, Cosmos might be propelled again into the limelight. “Our approach has never been saying we are better, we try not to compare ourselves,” stated Baricevic. “In the Cosmos stack vision, we are working towards taking advantage of the…