Author: NBTC

Eight web3 games have either shuttered, paused operations, or pivoted to web2 this year as the space continues to struggle amid a major funding drought. The latest web3 games to be hit, 77-Bit and Pixel Heroes Adventure, delivered their bad news on Wednesday. Pixel Heroes Adventure says it laid off its entire team due to “unavoidable circumstances,” while 77-Bit paused its development, citing infrastructure issues “built with corners we cut trying to win time that couldn’t hold the scale we grew into.” Before the dust from those two announcements had had time to settle, XOCIETY revealed on Thursday that it…

HIVE Digital is raising $75m in 0% exchangeable notes to fund GPUs and data centers as it pivots from pure bitcoin mining toward AI cloud and eyes a TSX up‑listing. HIVE Digital Technologies is raising $75 million via a private offering of 0% exchangeable senior notes due 2031, doubling down on artificial intelligence infrastructure and data centers as it prepares to move its listing to the Toronto Stock Exchange. The notes will be issued by HIVE Bermuda 2026 Ltd., a wholly owned subsidiary, to qualified investors in a deal that also includes a 13‑day option for an additional $15 million…

The Senate Banking Committee’s schedule for the week of April 20 contains one item: a nomination hearing for Federal Reserve Chairman candidate Kevin Warsh. The CLARITY Act is absent. Chairman Tim Scott, who controls the committee calendar, has not announced a markup date for the Digital Asset Market Clarity Act despite the Senate returning from Easter recess on April 13 and broad expectations that a committee vote would be called this month. Three Hurdles Remain Speaking on Fox Business, Scott cited three unresolved issues: the stablecoin rewards dispute between banks and crypto firms, outstanding DeFi provisions, and the need to…

Virginia has passed a new law that could quietly fix one of crypto industry’s biggest long-standing issues: what happens when digital assets are left unclaimed. Governor Abigail Spanberger signed House Bill 798 into law, creating a formal framework for handling dormant crypto accounts. The change allows the preservation of assets like Bitcoin (BTC) instead of selling them off at potentially unfavorable prices. Under the new law, the state will consider digital assets in inactive accounts abandoned after five years. At that point, they move to state custody, but crucially, the state holds them ‘in kind,’ which means it will preserve…

The Reserve Bank of Pakistan has implemented a significant regulation that closely affects the cryptocurrency sector. According to Reuters, the bank lifted a ban that had been in place for nearly eight years, allowing Virtual Asset Service Providers (VASPs) to open bank accounts. This decision is seen as a critical step towards integrating crypto assets into the formal financial system in the country. According to the new regulation, banks in Pakistan will be able to accept cryptocurrency companies as clients after completing the necessary license verifications. This will require VASPs (Variable Rate Subsidies for Businesses) to possess valid licenses issued…

The United Kingdom’s Financial Conduct Authority (FCA) said Wednesday it is consulting on guidance for the country’s future crypto regime, in the latest step toward a broader framework that is expected to take effect on Oct. 25, 2027. In a statement published Wednesday, the FCA said it is seeking industry feedback on the guidance to help companies understand how they might be affected by the regime. The full consultation text is available on the FCA website, with the feedback window closing on June 3, 2026. The regulator said the guidance will clarify requirements for areas such as stablecoin issuance, crypto…

A European Commission adviser said the European Union’s landmark MiCA crypto regime is likely to evolve as digital asset markets develop beyond the conditions the law was originally designed to address. Speaking at the Paris Blockchain Week (PBW) 2026, Peter Kerstens, an adviser on technological innovation, digital transformation and cybersecurity at the European Commission’s financial services department, said the Commission will review the Markets in Crypto-Assets Regulation (MiCA) and launch a public consultation to assess whether the rules are working for market participants and supporting business development. The remarks suggest EU policymakers are already thinking about how MiCA may need…

The crypto’s industry emerging political action committee, Fellowship PAC, rushed out of the gate this month with $11 million in backing, and it’s so far booked $3 million in ad services through a company co-founded by Tether US CEO Bo Hines. The super PAC is focusing its support on Republican politicians in races for Congress and a governorship, and it so far gathered $10 million from Cantor Fitzgerald and $1 million from crypto bank Anchorage Digital, according to Federal Election Commission filings released Wednesday. Its initial $3 million spent toward political advertising for its favored candidates has gone to Nxum…

In a move that strengthens its position in digital asset innovation, Binance has quietly rolled out a new binance pre ipo feature inside its Web3 infrastructure. Binance Web3 Wallet adds on-chain Pre-IPO discovery According to the official Binance Wallet communication, the Binance Web3 Wallet now offers an on-chain Pre-IPO asset exploration tool directly within the app. This function is designed to let users discover tokenized exposure to private companies before a traditional listing, while keeping all activity on-chain. The first batch consists of 5 tokenized assets, which Binance highlights through official promotional images. Moreover, those images showcase technology leaders such…

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. This Week in Crypto Law The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. The first week of April underscored a clear trend: crypto is continuing its integration into the traditional financial system, even as regulators and policymakers race to catch up. From federal trust charters to institutional expansion and mounting pressure for U.S. legislation, the legal framework around digital assets is rapidly evolving. Coinbase Moves Closer to…