Author: NBTC
The Bored Ape Yacht Club game Dookey Dash is coming back this spring as a free-to-play “Unclogged” version, following last year’s initial NFT-gated rollout—and creator Yuga Labs announced a sizable prize pool for the game over the weekend, along with some other key details. Yuga Labs says that it will offer up at least $1 million worth of prizes for Dookey Dash: Unclogged when it debuts, with a trailer for the game showing ApeCoin imagery around the prizing news. Decrypt’s GG asked Yuga Labs whether the prize pool will indeed be paid out in ApeCoin, but the company declined to…
The world’s second-largest cryptocurrency Ethereum (ETH) continues to face strong selling pressure. In the last 24 hours, the ETH price has tanked another 5% and is currently trading at $2,213 with a market cap of $265 billion. It seems that the ETH price can correct an additional 10% to take support at $2,000. The Spot Ethereum ETF Approval Eleanor Terrett from Fox Business sheds light on the varied opinions and perspectives surrounding the potential approval timeline for an Ethereum ($ETH) Exchange-Traded Fund (ETF). Discussions involve insights from ETF issuers, investment management firms, and sources close to the U.S. Securities and…
Japan’s central bank and the Finance Ministry reportedly had their first meeting to discuss a potential central bank digital currency (CBDC) on Friday. Local outlet NHK News reported that executives from relevant ministries and central bank directors discussed issues regarding a CBDC. The Ministry suggested that a central bank digital currency should work alongside private cashless businesses, prioritizing convenience and personal data protection in design. Officials from the Cabinet Office and National Police Agency were present at the meeting, per Ledger Insights. Representatives from the Fair Trade Commission and Personal Information Protection Commission also attended. CBDC is digital money issued…
MicroStrategy recently revealed that they had acquired an additional 3,000 BTC this month, bringing its Bitcoin holdings to 193,000 BTC. Interestingly, BTC’s recent price surge caused these holdings to cross the $10 billion mark, with the software company currently sitting on a tremendous amount of unrealized profits. MicroStrategy’s Unrealized Profit Reaches $5 Billion As disclosed in the company’s filing with the Securities and Exchange Commission (SEC), its BTC holdings have now been purchased for an average price of $31,544. That means that MicroStrategy’s Bitcoin investment is now at an unrealized profit of almost $5 billion, considering Bitcoin is trading just…
Runestone, a Bitcoin Ordinals project spearheaded by pseudonymous NFT historian and Ordinals collector Leonidas, is preparing to launch its first airdrop. The Runestone project is garnering a lot of buzz because of its pedigree—Leonidas says it is a pre-Runes project that will exemplify Casey Rodarmor’s vision for fungible tokens on Bitcoin—but also the potential financial windfall Runestone holders can potentially see once the full Runes protocol comes online after the Bitcoin halving later this year. Runestone Ordinal inscriptions are trading higher on exchanges like Whales Market in anticipation of the event. Despite the limited number of Runestone inscriptions, the current…
A staking client is software that interacts with the network to validate transactions and propose new blocks. When staking cryptocurrency, users’ funds are effectively locked in a smart contract and used to perform these network functions in return for rewards. The architecture of these clients is crucial for security and network stability. Single-client setups, mentioned in the post criticizing Coinbase’s staking methods, can be more vulnerable to network-wide outages or consensus bugs. If most network participants are using the same client and a bug is discovered in that client, it could lead to a large portion of the network going…
Gevulot, a blockchain project specializing in zero-knowledge proofs, has successfully closed a $6 million seed funding round. Variant led the investment, joined by RockawayX, Volt Capital, and Staking Facilities, alongside notable individual backers like Polygon Labs CEO Marc Boiron and Manta Network founder Shumo Chu. Gevulot has chosen not to disclose its valuation post-funding.—The injected capital will fuel the deployment of Gevulot’s Layer 1 blockchain, founded by Teemu Päivinen, empowering developers to leverage zero-knowledge proofs (ZK proofs) and delegate computational tasks to an advanced network of hardware operators. This approach opens up novel avenues for scalable applications within the blockchain…
Denim clothing giant Wrangler, which entered the Wild West of non-fungible tokens (NFTs) in 2022, is not rolling out exclusive NFC-chip integrated clothing solely for its NFT holders. In collaboration with vintage clothing brand MNTGE, Wrangler’s new line of vintage denim integrates blockchain technology. Unveiled last week during the NFT Paris, the limited-edition digital wearables come with a near field communication (NFC) chip patches. The chips can be digitally signed, and reveals the history of the brand, that are recorded on-chain. The collection featured 60 pieces of garments at the event, with phone-scannable NFC tags, a report said. Vintage Wrangler…
Mathew McDermott, Goldman Sachs’ digital assets head, said Tuesday he anticipates approval of spot Ether ETFs in the coming months. During a CNBC interview, McDermott said a major factor in the approval decision hinges on whether ether is classified as a security. “A big question naturally centers around whether it’s perceived to be a security or not,” he told the outlet. “I think that will ultimately be determined, and on whether it gets approved. There are different schools of thought, but I remain positive that they will,” he added. His comments come after the Securities and Exchange Commission (SEC) approved…
The UK remains one of the few major global markets that has yet to approve retail access to cryptocurrency exchange-traded products (ETPs). While countries like Australia, Brazil, Canada, and many states in Continental Europe have embraced these products, the UK has refrained from allowing small investors to purchase them. More recently, the US even introduced 11 spot Bitcoin (BTC) ETFs on Wall Street, managed by well-known names such as BlackRock, Invesco, and Fidelity, which further highlights the UK’s divergence from other financial centers. FCA’s 2021 Ban on Crypto Derivatives Back in 2021, the country’s regulatory body, the Financial Conduct Authority…