Author: NBTC
Illuvium Labs, the gaming studio behind the anticipated blockchain gaming universe Illuvium, announced this week that it has raised $12 million in Series A funding as it gears up for the launch of its interconnected game titles in Q2 2024. The fresh capital injection was co-led by King River Capital, Arrington Capital, Animoca Brands, and The Spartan Group, with participation by investors including Arca, Polygon Ventures, 32-Bit Ventures, and Yield Guild Games. The Illuvium gaming universe spans three core game experiences: monster-battler Illuvium Arena, open-world action/adventure game Illuvium Overworld, and base-building game Illuvium Zero. They’re collectively built around interoperable assets…
Have you ever wondered what a marriage between AI, Web3, and Cloud computing would look like? Well, wonder no more. Ankr is set to show the crypto community what this experience would look like with their Neura blockchain launch. In a press release shared with Cryptopolitan, it’s clear that the new tool available to the crypto community will revolutionize modern technology as we know it. Ankr’s Neura blockchain – all you need to know Ankr, a leading blockchain infrastructure provider, is set to launch Neura, a groundbreaking blockchain platform designed to transform several sectors, including AI, Cloud Computing, and Web3.…
The co-founder of the BitMEX crypto derivatives exchange Arthur Hayes is offering his prediction on Ethereum (ETH) less than three months after the approval and subsequent listing of spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new The Wolf of All Streets interview, Hayes says he expects demand for Ethereum to pick up, especially if the U.S. Securities and Exchange Commission (SEC) greenlights applications for spot ETH ETFs. “I think ETH is going to catch a really big bid, especially if these ETFs are going to pass. And why do I think the ETFs on ETH and Solana and all…
An Arbitrum token holder has unveiled a new grant proposal to take over the renowned r/Cryptocurrency subreddit, which would cost the community nearly $788,000. An Arbitrum community memeber MeLLoN98 started a grant proposal to secure 450,000 ARB (around $788,000 as of press time) in funding to acquire the r/Cryptocurrency subreddit and culminating in the acquisition of MOONs, the subreddit’s native governance token deployed by Reddit in 2022 on Arbitrum Nova. In a forum post, MeLLoN98 outlined a plan starting with advertising initiatives on the subreddit, emphasizing that r/Cryptocurrency has been “the biggest crypto community since 2013.” “[…] this proposal allow…
The U.S. Securities and Exchange Commission has requested various forms of relief, including injunctive relief, disgorgement of profits, and civil penalties. They argue that such actions are necessary to deter Ripple and others from similar violations in the future. Moreover, this would compensate for the harm caused to investors and the markets. “To deter Ripple and others from additional violations of the securities laws, to deprive Ripple of its ill-gotten gains, and in recognition of the harm caused to the markets, the SEC asks this Court to issue a final judgment providing for the relief set forth above and herein,”…
Today, a freelance developer focused on Bitcoin and the Lightning Network, Super Testnet, unveiled his latest invention, Hedgehog, a protocol for asynchronous layer two bitcoin payments. “This is a protocol similar to the Lightning Network,” Super Testnet stated. “And that it is a layer 2 for Bitcoin payments, only in this one, unlike the Lightning Network, the two parties don’t have to both be online, it’s asynchronous. One party can send the other money then they’re offline.” One of the features of Hedgehog channels is its simplicity compared to lightning channels, according to the project’s Github. State updates in Hedgehog…
Ethereum (ETH) has started to exhibit significant bullish behavior, propelling the community and investors into a fervent state of anticipation. A well-known crypto analyst, Jelle, shared insights on social media, suggesting that the ETH price is on a trajectory toward unprecedented heights. He suggested that Ethereum’s retest of the $3,300 mark appears to have been successful. The analyst then indicated that there is minimal resistance obstructing the path to new all-time highs and expressed his intention to retain his holdings until a significantly higher valuation is reached, hinting at anticipation of Ethereum’s price surpassing the $5,000 threshold. Looks like $ETH’s…
Stacks (STX) prices have skyrocketed more than 30% over the past few hours, reaching an all-time high of $3.65 before cooling off a little. The token had climbed from an intraday low of $2.75 on March 20 but had retreated slightly to trade at $3.36 at the time of writing. Furthermore, the asset has made an impressive 125% since the beginning of this year. Stacks enables developers to write smart contracts for the Bitcoin network and was popularized in 2023 during the Ordinal Inscriptions craze. What Is Driving STX Momentum? Momentum for the big price pump has come from the…
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities alongside two unnamed individuals for building crypto services to potentially help Russian nationals evade sanctions. Many of those sanctioned offered services or facilitated transactions to assist other designated entities in dodging sanctions, OFAC said in a statement. “Russia is increasingly turning to alternative payment mechanisms to circumvent US sanctions and continue to fund its war against Ukraine,” said Brian E. Nelson, Under Secretary of Terrorism and Financial Intelligence. Nelson added that the Treasury will keep exposing and disrupting companies that enable sanctioned Russian…
The NEAR Foundation, the non-profit behind the layer-1 NEAR Protocol, announced that the protocol now supports chain signatures, offering users multichain access from their NEAR account. The chain signatures network is secured in part by Eigenlayer, which joins NEAR as a launch partner, according to a press release. Eigenlayer is a restaking project built on Ethereum. “Since day one, the NEAR ecosystem has focused on simplifying access to Web3 for developers and mainstream users,” said Illia Polosukhin, co-founder of NEAR. “Chain Signatures is the next step in that journey, making it significantly easier to transact on any blockchain while also…