Author: NBTC
Yuga Labs has released their under-development Metaverse “Otherside” and received mixed reviews for the same from the initial users. Yuga Labs is a blockchain technology company involved in the development of NFTs and digital collectibles. It has dedicated itself to shaping Web3 through storytelling, experience and community building. The company recently did a test of its Bored Apes-themed other side, Metaverse for a handful of NFT holders this week. The metaverse is designed for players to decide their fun, which means that there is little guidance available and players themselves must control their own experiences. After the launch, users shared…
Ripple announced that it had reached an agreement to acquire Standard Custody & Trust Company. The objective is to strengthen its product offering amid the growing customer demand. Also, acquiring Standard Custody aligns with its mission of furthering its commitment to regulatory compliance. Ultimately, the idea is to grow its enterprise blockchain solutions. Ripple said that it was now suited to house institutional-grade solutions that support organizations in their endeavor of tokenizing, storing, exchanging, and moving value. Monica Long, the President of Ripple, said that they will now continue to leverage their strong financial standing to expand product offerings, serve…
Vancouver-based crypto mining company HIVE Digital Technologies Ltd. (NASDAQ: HIVE) has announced an increase in its Bitcoin production capacity and holdings for the month of February 2024. Although production indicators have increased on a monthly basis, the number of Bitcoins mined has decreased. In January, it was 234.6 BTC, averaging 7.6 BTC per day, while in February, it was 200 BTC, averaging 6.9 BTC per day. HIVE’s mining operations maintained an average hashrate of 4.06 Exahash per second (EH/s) throughout February, resulting in an average production of 60.5 Bitcoin per Exahash. This performance was further bolstered by the integration of…
While Binance, the world’s largest cryptocurrency exchange, continues to list altcoins and launchpoll, investors are also investigating altcoins that have the potential to be listed on Binance. Because the prices of altcoins listed in Binance futures or spot transactions generally skyrocket and big gains are made. Cryptocurrency analysis firm Layergg said that Binance recently announced the cryptocurrency projects that were selected for the MVB Accelerator Program Season 7 and have investment potential, and that they have the potential to be listed on Binance. Pointing out that artificial intelligence (AI) projects are among the cryptocurrency projects selected for Binance’s MVB Accelerator…
For the past couple of months, over 26 million total people have been playing the viral clicker game Notcoin on Telegram. In the messenger-based game, players click a button to “mine” coins. It’s that simple, but also a lot more engaging than it might sound. Initially, it wasn’t clear whether or not Notcoin would launch an actual cryptocurrency—but the team recently confirmed that it will indeed launch a token on The Open Network (TON), targeted for a late March or early April debut. With an airdrop confirmed, let’s dive into how to make the most out of Notcoin. The core…
The Enforcement Directorate (ED) has taken a significant step in its ongoing investigation into a cryptocurrency scam by filing a charge sheet against 299 entities, including individuals of Chinese origin, under the anti-money laundering law. The charge sheet comes in the wake of allegations of investor duping under the guise of cryptocurrency mining, including Bitcoin. This development was officially announced following the special court in Dimapur, Nagaland’s acknowledgment of the prosecution complaint under the Prevention of Money Laundering Act (PMLA). According to a report from a local publication, the charge sheet includes 76 entities under the control of Chinese nationals,…
Several applications have been submitted for Ethereum exchange-traded funds with the U.S. Securities Exchange Commission (SEC) and the decision for approving or denying the products has been pushed back which is in line with analyst expectations. Unsurprisingly, on Monday, the SEC delayed a decision to approve the BlackRock spot Ethereum ETF. The SEC now has until May 23 to approve or reject VanEck’s ETF application for an Ethereum ETF tracking the world’s second-largest cryptocurrency. In January, the SEC approved almost a dozen Bitcoin spot ETFs which has caused a trading frenzy as demand for the products continues to accelerate. One…
The European Central Bank last week sent out five calls for applications looking for providers to build out services around a potential digital euro. More than half of the $1.3 billion contract budget is earmarked for offline payments development. The European Central Bank (ECB) is offering a big chunk of cash to contractors who can enable offline payments for a retail digital euro. In calls to find providers for a range of features, including risk management, information security and a user application, the ECB revealed plans to allocate as much as 1.2 billion euros ($1.3 billion) to potential contractors. More…
In a significant gust of developments, Gemini, a renowned cryptocurrency exchange, recently announced plans to list the MATIC/GUSD perpetual contract on its non-U.S. crypto derivatives platform, nabbing significant attention globally. With this, the exchange advances further with its venture cryptographic venture, facilitating seamless crypto derivatives trading to users globally, except in the U.S., U.K., and European Union. Meanwhile, noteworthy whale activity hovering over the crypto horizon showcased soaring MATIC accumulations, piquing crypto traders’ and investors’ interest globally. While, MATIC’s price chart illustrated phenomenal gains, birthing additional inferences for the burgeoning whale accumulations. MATIC Whale Activity: In-Depth Report According to the…
The flagship crypto token, Bitcoin, finally hit a new all-time high (ATH) on March 5 but quickly dipped by over 10% after this price surge. As explained by this market analyst, this sharp correction was to be expected and could become a norm heading into the bull market. “Bull Markets Are Not Straight Lines Up” Alex Thorn, Head of Research at Galaxy Digital, noted in an X (formerly Twitter) post that the market doesn’t move to the upside unfettered, even in a bull market, and corrections are to be expected. He alluded to the 2021 bull run, where Bitcoin experienced…