Author: NBTC
In the wide world of crypto, there are now many blockchains specifically designed for gaming—but Ronin was among the first to launch. Gaming blockchains are typically built to offer low transaction fees and a higher number of potential transactions, so they’re supposed to be more affordable and more scalable than blockchains like Bitcoin and Ethereum. Some gaming chains are also private, meaning that developers must gain approval from a blockchain’s creators in order to join its ecosystem. Ronin is one of those examples—at least for now, though founders have said they intend to open it up sometime in 2024 for…
Bitcoin (BTC)’s price spiked on Wednesday following the latest Federal Open Markets Committee (FOMC) meeting, at which the Federal Reserve announced no changes to interest rates. The decision keeps the central bank’s benchmark rate between 5.25% and 5.50%, and pushes back investors’ hopes of a more dovish pivot for markets in the near term. Bitcoin traded for $62,000 one hour before the announcement, before shooting to $64,600 as the updated benchmark rate was revealed. In a statement, the central bank noted that economic activity in the country continues to expand, unemployment remains low, and inflation remains elevated. “The Committee does…
Eddy Finance, a pioneering bridge on the Zeta blockchain, has officially announced its integration with the Core Dao Mainnet. This collaboration marks a crucial step forward in the intersection of Bitcoin and DeFi, leveraging the capabilities of a Bitcoin-powered, EVM-compatible blockchain. The integration aims to streamline the integration of Bitcoin into the DeFi ecosystem, offering users enhanced accessibility and utility. Seamless Integration of Bitcoin with DeFi With the integration of Eddy Finance onto the Core Dao Mainnet, users can now experience a seamless connection between the world’s leading cryptocurrency, Bitcoin, and the burgeoning DeFi landscape. Eddy Finance, renowned for its…
Ethereum layer-2 blockchain LightLink secured $6.2 million in funding during an extended seed round. Institutional and individual investors participated in the effort. “No further rounds planned [at the moment],” the company stated in a social media post on Saturday, April 6. Due to strong interest, we’re having this single VC round to benefit our ecosystem by partnering with the right long-term backers.No further rounds planned atm.An LBP on @FjordFoundry is a better way to ensure fair token distribution and build a community around the project. https://t.co/yiS0PwPPDT — LightLink ⛓️ (@LightLinkChain) April 6, 2024 LightLink extended the seed round due to…
Celebrating the meme season, Band Protocol’s co-founder, Soravis Srinawakoon suggested transforming the $BAND token into a memecoin by removing its core oracle function. In celebration of memecoin season, I propose we remove oracle function from @BandProtocol and turn $band into a memecoin, shall we? 🤔 — Soravis Srinawakoon | BAND (🅑) (@SSrinawakoon) March 11, 2024 The proposal, made on X/Twitter, sparked both amusement and discussion within the crypto community. The Band Protocol project joined the banter by supporting the idea, envisioning $BAND as the “first fully-featured interchain memecoin on Cosmos.” Some community members endorsed the move, emphasizing that the oracle…
Binance’s head of financial crime compliance Tigran Gambaryan reportedly pleaded not guilty to money laundering charges in a Nigerian high court on Monday before he was remanded pending trial. Despite Binance saying Gambaryan had no decision-making power at the company, presiding judge for the case reportedly ruled he can be considered a representative of the company under Nigerian law. Binance executive Tigran Gambaryan, who was detained by Nigerian authorities in February alongside a colleague, pleaded not guilty to money laundering charges at a high court on Monday, local outlets reported. Gambaryan was remanded until trial, according to reports, while bail…
A universal restaking layer designed by the Andalusia Labs team has emerged from stealth to launch its mainnet today. Karak is a risk management layer-2 blockchain solution that simplifies the process of providing economic security through restaking. The company is based in San Francisco and Abu Dhabi. It previously raised $50 million at a $1 billion valuation from investors including Coinbase, Mubadala — an Abu Dhabi Sovereign Wealth Fund — Lightspeed, Bain Capital, Pantera Capital, Framework Ventures and others. Raouf Ben-Har, the co-founder of Karak, told Blockworks that Karak was created to solve the problem of fragmented crypto-economic security in…
Mergers and acquisitions (M&A) financing activities in the cryptocurrency sector through the first quarter of 2024 are up 22% compared to the previous quarter, according to a research note from Architect Partners. In an announcement, the firm said, the uptick in M&A activity is good news, but still below the pace of the peak year 2022. Although the crypto sector’s deal activity has improved a bit more than the overall tech sector deal activity, in contrast to an observed decline in announced fintech deals last quarter. According to the firm crypto private financings by subsector shows that the trading infrastructure…
XRP has clinched the title of the best-performing digital asset among the top 100 by market cap. The token’s price soared to $0.7293 after a dramatic 18.9% increase in a 24-hour window. The Ripple-affiliated cryptocurrency has also experienced a surge in trading volume, which has topped a whopping $5 billion. Litecoin (LTC) comes in a close second place after adding 18.4%, according to CoinGecko data. XRP derivatives data Recent derivatives data reveal a robust bullish sentiment among traders in the XRP market. The trading volume surged by an extraordinary 348.07%, reaching a colossal $5.62 billion. Open interest, which indicates the…
Polychain made an undisclosed investment in Ritual, referring to it as a “multimillion dollar” amount. Ritual raised $25 million in November to address the centralized nature of artificial intelligence systems. AI has become an area of interest in the blockchain industry following the proliferation of AI-powered tools acquiring mainstream popularity. Blockchain-focused venture capital firm Polychain Capital topped up a $25 million funding round into artificial intelligence (AI) platform Ritual with a “multimillion dollar” investment. Ritual raised $25 million last November to address the centralized nature of AI systems. The investment was led by Archetype and included participation from Accomplice and…