Author: NBTC
Charles Edwards of Capriole Investments highlights on-chain metrics indicating a bullish future for Bitcoin. Bitcoin now surpasses gold in scarcity following the fourth halving, positioning it as the premier asset for wealth preservation. “Bitcoin’s days under $100K are numbered,” Edwards suggests, reflecting widespread analyst confidence in significant price increases. Amidst Bitcoin’s fourth halving, analysts forecast a promising rise in value, surpassing gold in scarcity and setting the stage for unprecedented growth in the cryptocurrency market. Unprecedented Scarcity: Bitcoin vs. Gold Following the recent halving, Bitcoin has seen a reduction in supply growth rate by 50%, significantly lowering its inflation rate…
Galaxis, a “post-hype NFT utility platform,” has raised $10 million ahead of its token launch. Participants included Chainlink, Ethereum Name Services (ENS) and Rarestone Capital. As it gears up for its token launch, Galaxis, a Singapore-based Web3 platform, has raised $10 million from funders including Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures and ENS co-founder Nick Johnson, it announced Tuesday. Gains made through the company’s node sale of more than 11,000 ‘Galaxis Engines’ also contributed to the total funding. The platform, which helps creators and brands introduce collections of non-fungible tokens (NFTs), has worked with celebrities including DJ…
One of the creators of the most popular meme cryptocurrency Dogecoin, Billy Markus, known in the crypto community under the pseudonym Shibetoshi Nakamoto, has denied a connection to recently emerged meme token BOBA. After the follower reached out to Markus, asking why BOBA only has a market capitalization of $100,000, the DOGE founder stated that he literally had nothing to do with the crypto asset. BOBA, a recent addition to the meme token craze, has garnered attention for its connection to the world of Solana blockchain. However, despite speculation linking Markus to this new venture, he made it abundantly clear…
Two pro-XRP attorneys speculate that Ripple will lose its motion to strike testimony provided by Andrea Fox, an accountant with the SEC’s Enforcement Division. Attorneys Bill Morgan and Jeremy Hogan made this known while reacting to Ripple’s reply brief to the SEC’s opposition to the motion to strike. Motion to Strike Fox Declaration For context, Ripple filed its reply brief yesterday to further support its April 22 motion to strike expert materials submitted by the SEC. Notably, the SEC included Fox’s declaration in its remedies-related opening brief in March, aiming to strengthen its case for an injunction and punitive penalty.…
Web3 gaming has often been hailed as a “game-changer” for the video games industry, yet to date very few blockchain games have made their presence felt. But that could be about to change, as the legendary developer Ubisoft – creator of Ghost Recon, Assassin’s Creed and other hit titles – has just released a gameplay trailer of its first-ever blockchain-based game, Champion Tactics: Grimoria. Will the announcement at Paris Blockchain Week sets the stage for a potential breakthrough that leads to the first generation of true AAA games making their way to the blockchain? In the video games industry, the…
Bit Rivals, a famous AI-driven multi-chain platform for game analytics and rewards, has recently announced its latest partnership. It brought to the front that it is collaborating with Telos, a high-speed blockchain ecosystem for smart contracts and decentralized applications, to improve its platform integrations. This would potentially enable it to prepare before the launch of its $RIVAL token. The company disclosed this endeavor on the official X account. 🤝 BREAKING: New Partnership! 🤝We’re excited to announce that we’ve partnered with @HelloTelos, an industry-leading, high-performance blockchain network, to enhance our one-of-a-kind, AI-powered platform! 🚀Check it out using the link in our…
The Chief Electoral Officer of Gujarat, P Bharti, has brought in a virtual reality-oriented election metaverse for the elections slated for the 7th of May, 2024. The metaverse intends to educate and engage with more than 13 million youngsters voting for the first time. Before venturing within the virtual space, voters will be allowed to choose a personality. Within the arena, they will have the opportunity to understand the procedure related to placing their votes via a screening of an educational clip. This will bring to the table a voting booth wherein voters will be exposed to a stage-by-stage simulation…
Bitcoin (BTC) price has dropped from $66K to $64K over the past 24 hours. BTC’s fear and greed index stands at 72, holding up in the greed zone. Bitcoin (BTC) fails to maintain its momentum within the $66K-$67K range, noting over 3.7% decline. This drop in its price is influenced by the news of the US DOJ arresting the founders of Samourai Wallet. Following the Bitcoin Halving on April 19th, the king of crypto gradually rebounded back into the $65K range and eventually marked daily highs at $67K over the past three days since Monday. At the time of writing,…
Real-world assets (RWA) is a strong narrative growing in the cryptocurrency market, following the interest of BlackRock Inc. (NYSE: BLK). In this context, a Real Estate token, UBXS, surged 300% in a week amid allegedly institutional moves. UBXS is a utility token part of an RWA project specializing in Real Estate, developed by the Web3 company, Bixos. The company aims to connect physical and virtual worlds through blockchain technology. Interestingly, Real Estate property owners can use Bixos to tokenize their real-world assets, making an exchangeable non-fungible token (NFT). By using the UBXS token, the company promises fee discounts and other…
Australia’s securities regulator has marked its first court victory, setting a precedent regarding a non-cash payment facility involving crypto. The Australian Securities & Investments Commission (ASIC) has set a legal precedent in the local crypto market after the Federal Court found that BPS Financial (BPS) engaged in unlicensed conduct when offering the Qoin Wallet, a non-cash payment product that used a token called Qoin. In a press release on May 3, ASIC said the court determined that BPS lacked the necessary financial services license “nor was authorised by a licence holder, to issue or provide financial advice about the Qoin…