Author: NBTC

Solana trader turns $80K investment into $1.2 million with AURA memecoin. XCkM capitalized on viral TikTok-inspired memecoin AURA, It’s market cap soon hit $75 million Memecoin crash slashed XCkM’s $1.2 million to $91K, highlighting crypto market risks. In an extraordinary twist of fortune, a Solana trader known as XCkM turned an $80,000 investment into a massive $1.2 million by investing in a newly launched memecoin AURA. Unfortunately, the memecoin market took a downturn traders quickly made a fortune got vanished. Well, let’s find out, how? How did XCkM experience such an incredible rise and fall? Trader Turn $80K to $1.2…

Members of the House of Lords expressed support for the Law Commission’s digital assets property bill. The bill will help address crypto legal disputes. Lords also urged for more clarity for crypto from the new Labour government. Members of the U.K.’s upper house of Parliament put forward support for the country’s digital assets property bill at its second reading on Wednesday. The Lords Grand committee largely believed that the bill would add more clarity in terms of how crypto is treated by the legal system and could mark another step of progress for the country, which has been paving the…

N3TWORK Studios, a blockchain gaming platform, has launched Legendary Heroes: Unchained (LHU) and brought its Legendary ecosystem to the Base network, according to the most recent developments shared with Finbold on Friday, November 8. Legendary Heroes Unchained Epoch 1 debuts on November 7 for Loyalty Pass holders, while the public access launch is scheduled for November 8. To invite the community to expand LHU’s digital framework with unique contributions, N3TWORK is making parts of its codebase public. ‘Legendary Heroes: Unchained’ gameplay Instead of focusing solely on asset collection, Legendary Heroes: Unchained promises players more agency via customization and ownership features.…

WazirX announced plans to launch a decentralized exchange (DEX) as part of a broader effort to enhance user security. The move follows a major breach in July, when hackers siphoned $235 million from the platform, sparking concerns over the security of centralized exchanges. WazirX co-founder Nischal Shetty said the new DEX would operate alongside the existing centralized platform, offering users full control over their assets. Shetty said during the firm’s fourth townhall: “With a decentralized exchange, assets remain fully in users’ control, free from counter-party risks.” He added that the DEX would feature its own token, designed to cover transaction…

BNB Chain TVL rises 2%, NFT trading volume surges 283%, but on-chain activity and network revenue decline. Recent data shows that the BNB Chain experienced notable changes across various metrics in Q3 2024 despite facing market challenges. The chain saw a modest rise in Total Value Locked (TVL) and a significant increase in NFT trading activity. However, network revenue and overall on-chain activity declined compared to the previous quarter. BNB DeFi and Staking See Modest Gains BNB Smart Chain’s DeFi TVL, measured in USD, increased by 2% QoQ, rising from $4.74 billion in Q2 to $4.85 billion in Q3. Despite…

The leading cryptocurrency Bitcoin has made a big breakthrough in recent days, rising above $70,000. While BTC is very close to the new ATH, it is estimated that the increase in the probability of US presidential candidate Donald Trump winning is behind the rise. However, Darius Sit, co-founder of Singapore-based cryptocurrency firm QCP Capital, thinks that BlackRock is behind the rise in Bitcoin. Speaking to Coindesk, Darius Sit said that BlackRock’s extensive involvement in the cryptocurrency market was more important than Trump in the rise and adoption of BTC. Stating that BlackRock’s support for Bitcoin overshadowed the US election results,…

The DAO Sector has recently experienced substantial social activity. As per Phoenix, a popular crypto analytics firm, the prominent DAO projects in the case of social activity take into account $ICP, $TAO, $APE, $ARB, $RARE, $AAVE, $SUI, $ENS, $CRV, and $LDO. The analytics platform disclosed the list of leading DAP projects in the case of social engagement on its official X account. TOP #DAO PROJECTS BY SOCIAL ACTIVITY$ICP $TAO $APE $ARB $RARE $AAVE $UNI $ENS $CRV $LDO pic.twitter.com/xdkJwjoBLD — PHOENIX – Crypto News & Analytics (@pnxgrp) September 11, 2024 Internet Computer ($ICP) Leads the DAO Projects by Social Activity Internet…

The US Securities and Exchange Commission’s approach to crypto regulation under Chair Gary Gensler is stifling innovation and pushing American digital asset companies away from developing in the US. Instead of fostering growth through clear, constructive rulemaking, the commission has relied on aggressive enforcement actions that creates uncertainty and drives jobs, investment and innovation overseas. To restore confidence and keep the US competitive in this emerging sector, the SEC must abandon its “regulation by enforcement” approach in favor of a transparent rulemaking process informed by public input. This shift would allow the digital asset industry to thrive under clear guidelines,…

South Korean game developer Delabs Games announced plans to bring the popular role-playing game franchise Ragnarok to Telegram in Q1 2025, following a pivot by the company to embrace the messaging platform’s burgeoning crypto gaming scene. The Seoul-based company’s adaptation of the classic Ragnarok IP will focus on maze exploration gameplay while incorporating new social features designed specifically for the Telegram environment, according to an announcement. The initiative is part of a broader strategic shift toward Telegram by Delabs Games, which has secured new funding from TON Ventures and a private investor. TON Ventures supports the ecosystem of The Open…

Germany’s Deutsche Bundesbank has joined Project Guardian, a collaborative initiative by the Monetary Authority of Singapore, to advance asset tokenization. Deutsche Bundesbank, the central bank of Germany, has joined Singapore‘s Project Guardian, an initiative between policymakers and the financial industry to enhance of financial markets through asset tokenization. In a Nov. 8 press release, the German central bank said it plans to deepen cross-border collaboration as well as advance discussion on “standardization and interoperability of digital assets.” Under the collaboration agreement, Deutsche Bundesbank will test an interoperable blockchain platform for tokenized and digital funds, though details are yet to be…