Author: NBTC

Crypto exchange KuCoin will launch a special $10 million airdrop in Bitcoin and KuCoin tokens for users experiencing withdrawal delays, said Johnny Lyu, CEO of KuCoin, in a recent post on X. This decision came after the exchange was hit by new charges from the US Department of Justice (DOJ) on Tuesday. Thanks for standing by and trusting KuCoin during this time. It means a lot to us. With great gratitude, we’ll launch a special $10M airdrop in $KCS & $BTC to the users who experienced longer-than-expected wait times during the withdrawal process in the past 2 days. Details… —…

The Israeli government has published a report on its government bond tokenization pilot, listing accessibility, transparency, and enhanced security as benefits of leveraging blockchain in bond issuance. In May 2023, the Israeli Ministry of Finance launched a proof-of-concept (PoC) under which it issued a dummy government bond on blockchain. Known as Project Eden, the pilot was in partnership with the Tel Aviv Stock Exchange (TASE), Israel’s primary bourse; global giants like JP Morgan (NASDAQ: JPM) and BNP Paribas (NASDAQ: BNPQF) and local lenders also participated. The ministry recently published a report on the PoC, detailing how blockchain transformed government bond…

FrxETHRedemptionTicket, an Ethereum-based NFT collection, has emerged as the top performer in the non-fungible token market over the past 24 hours, with sales reaching US$4.64 million, marking a 480% increase. This sales boost helped propel Ethereum to the top of the day’s blockchain rankings, CryptoSlam data shows. Ethereum collections dominated the charts on Wednesday, as three collections claimed the top three spots. Ethereum’s Azuki collection experienced a 263% increase in sales, amounting to US$1.54 million, the second most in the market, with transactions up by 2.67%. Azuki is the NFT market’s eighth all-time sales leader with US$1.1 billion Bored Ape…

New-age investors are progressively migrating to Reddit-based altcoins in an effort to capitalize on potential profits in the cryptocurrency scene as the crypto market gains more global attention in the aftermath of recent events that have sparked anticipation of Bitcoin’s halving. Three cryptocurrency tokens are making headlines online due to their theoretical capability of transporting one to the moon. Whether you are a novice or an expert in cryptocurrencies, these tokens will experience a substantial run this month. Reddit has already diminished its valuation expectations since its private fundraising round initiated in 2021, during which it was valued at $10…

Nadeem Anjarwalla, a detained Binance executive in Nigeria, reportedly escaped custody after being taken for prayer. On Mar. 22, Nadeem Anjarwalla, a British-Kenyan who is Binance‘s regional manager for Africa, reportedly fled Nigeria after being detained upon arrival in the country as part of an investigation into the exchange. Anjarwalla, who was detained in Nigeria, reportedly departed from Abuja via a Middle Eastern airline following permission to visit a nearby mosque for prayers during Ramadan, according to a report from Premium Times, a Nigerian online newspaper. An immigration official, speaking to the media, claimed Anjarwalla used a Kenyan passport to…

Elixir Games, a prominent Web3 gaming distribution platform, has successfully concluded its Seed funding round, amassing $14 million in investments.— This substantial funding boost will drive the company’s mission to construct a comprehensive gaming ecosystem set to launch later this year. Additionally, the investment will facilitate the introduction of the $ELIX token, empowering Elixir Games products, and inaugurate the Launchpad & Incubation Program in 2024.The Seed round attracted investments from a diverse array of backers, including Square Enix, the Solana Foundation, and Shima Capital, alongside other private entities. The extension of the funding round welcomed additional investors keen on supporting…

Some Nigerians were shocked when crypto exchange Binance announced they would discontinue all services in Nigeria by March 8. Despite facing scrutiny from regulators before the announcement, many people still asked how the biggest exchange in crypto could just disappear from the world’s fastest growing market for bitcoin adoption. I wasn’t shocked because I’ve been predicting this for years. Entrepreneurs in the Global South are under attack and the frontline is a currency war being played out right before our eyes. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the 4th Bitcoin “halving” in…

Crypto traders are capitalizing on the Base blockchain, which has seen a surge in activity and funds locked due to a meme coin-led frenzy for tokens on the network. Base, developed by Coinbase on OP Stack, has experienced a significant increase in transactional activity, unique addresses, and funds locked, with direct access from Coinbase potentially making it the first network used by new retail users. The popularity of meme coins on Base has led to high gas fees and network congestion, with trading bots contributing to the issue. Crypto traders are seeking profit opportunities on the Base blockchain amid a…

Ethereum reclaimed its position as the top-ranking blockchain in the non-fungible tokens (NFT) market on Wednesday, with daily sales reaching US$17.02 million. The platform saw an increase of 39.19% in sales in the 24 hours to 2 p.m. ET, according to data from CryptoSlam. Ethereum’s all-time sales volume rose to US$43.36 billion, which is the highest in the industry. Ethereum dethroned Bitcoin for the top daily sales spot after the latter had held the position for two days. This marks the second consecutive week where Bitcoin led the market on Monday and Tuesday, only to concede the lead to Ethereum…

Nigerian authorities have reportedly charged Binance with tax evasion, multiple local news outlets reported Monday. The charges come after a tense few weeks between the exchange and the Nigerian government, which ended with two senior executives of the company being detained by authorities. Local media is also reporting that one of the two executives has “escaped” and possibly left the country. Binance, the world’s largest crypto exchange, has been charged with tax evasion by Nigerian authorities as a standoff between the two parties intensified in previous weeks, multiple local media outlets reported Monday, citing a statement from the country’s tax…