Author: NBTC
Notable pro-crypto pressure groups in Kenya and the United States have demanded the release of Binance executives held by the Nigerian government since Feb. 26. Last month, two Binance executives—Tigran Gambaryan and Nadeem Anjarwalla—traveled to Nigeria to address the ongoing issues surrounding the exchange’s operations in the African country. However, instead of engaging in constructive dialogues, the Nigerian government detained them without access to their passports. ‘State-sponsored kidnapping’ This week, Kenya’s Blockchain Association met with the Nigerian High Commission and expressed displeasure about the continued detention of Anjarwalla, a dual citizen of Kenya and Britain and the regional manager of…
Pixelverse, a brand-new quest-based battler game being led by Kirill Volgin, the former CEO of StepApp, is almost ready to debut on Raiser.co. The Pixelverse playground’s alpha release is set for April, coinciding with the platform’s second launch, Pixelverse. Players may explore the gritty streets of Xenon, take part in story-driven missions and PvE combat, gather priceless NFT goods, and train their own “bots” to fight other players in the arena in Pixelverse’s vivid cyberpunk setting. In Pixelverse, players take on the role of freelancers who join Xenon. The main objective of the game is to gather rare products to…
Gnosis Venture Studios, a branch of Gnosis known for developing on-chain finance solutions like Safe and Gnosis Pay, has unveiled uRamp. URamp is a new platform that facilitates transactions between on-chain assets and traditional fiat currencies. Low-cost on- and off-ramps have remained a barrier to adoption for Web3 dapps, as most users are funneled through crypto exchanges or dedicated applications with relatively high onboarding fees like MoonPay, which charges 1% for bank transfers and 4.5% for Visa cards. URamp is Gnosis’ attempt to simplify the user experience of going between fiat currency and crypto, via its partnership with licensed stablecoin…
Bitcoin prices surged to $65,500 in early trading on Monday, March 4. The move has pushed the asset to its highest price since November 2021 and just 5% away from its all-time high, which also came that month. Moreover, BTC has now gained more than 300% from its cycle low of just below $16,000 in December 2022. It has also printed the largest green candle in history for February. On March 4, the macroeconomics outlet, the Kobeissi Letter, compared Bitcoin’s market capitalization, which closed in on $1.3 trillion, to some of the world’s major companies. Bitcoin Market Cap Equals Meta…
Coinbase recently launched some U.S.-regulated futures products, but bypassed XRP despite its legal clarity, prompting a reaction from Fox Business journalist Eleanor Terrett. The company filed to launch the products on March 7 through its Coinbase Derivatives division. Despite introducing these offerings earlier in the month, the cryptocurrency platform neglected to effectively publicize the development, resulting in limited visibility. Notably, Coinbase filed with the U.S. Commodity Futures Trading Commission (CFTC) to list futures contracts based on three crypto assets, including Dogecoin (DOGE), Litecoin (LTC) and Bitcoin Cash (BCH). Coinbase Derivatives LLC quietly filed certifications with CFTC to list US regulated…
This year’s bull market has seen a resurgence of many crypto narratives from yonder cycles, including crypto gaming. In that sector the Ronin network – whose game Axie Infinity reigned over the last gaming moment – is back again. Since the start of 2024, Ronin’s user base has ballooned over 700%, according to Token Terminal, growing faster than Solana’s meme coin-fueled DeFi landscape as well as TON, the on-chain home for messaging app Telegram’s mounting crypto efforts. A single game has fueled Ronin’s resurgence: Pixels. The low-fi farming game sees players set up plots of digital land and embark on…
The Stratum Reference Implementation (SRI) team has unveiled SRI 1.0.0, a new milestone in their journey to decentralize and optimize bitcoin mining, according to a press release sent to Bitcoin Magazine. This latest release is now available for immediate testing and seamless integration. Some key highlights of SRI 1.0.0 include: Miners can connect to SV2 pools without upgrading existing SV1 firmware through Translation Proxy or directly using an SV2 firmware device like BraiinsOS. Miners have the flexibility to run their bitcoin nodes, construct templates, and declare them to the SV2 Pool. The implementation of pool fallback functionality ensures continuity in…
Ethereum layer-2 scaling network Optimism has announced that it will begin testing out its fault proof system on Ethereum’s Sepolia testnet, with plans to deploy this on the Ethereum mainnet within the year. Optimism currently lacks fully operational fault proofs, requiring users to trust the protocol’s programming or the “security council” that oversees the network to keep withdrawals secure. This has, in turn, exposed Optimism to criticism from advocates of rival blockchains. What are fault proofs? Fault proofs are a crucial component of rollup networks like Optimism, which bundle user transactions and settle them on Ethereum for lower costs. These…
Chinese state media are warning investors against investing in cryptocurrency amid the Bitcoin rally. The state-run Economic Daily noted on Sunday that investors should remain cautious about the risks associated with bitcoin and products whose value is tied to cryptocurrencies. The newspaper quoted Beijing-based lawyer Xiao Sa, who noted the recent approval of spot Bitcoin ETFs in the United States. The approval has lowered the entry barrier for foreign investors and increased trading activity in the market, he said. He also emphasized that foreign Bitcoin ETF intermediaries cannot sell related financial products to Chinese citizens. In addition, residents of Mainland…
John J. Ray III, the chief exec of the FTX estate, has filed a statement in Sam Bankman-Fried’s sentencing to “correct material misstatements and omissions in the sentencing submission” made by Bankman-Fried’s team. Specifically, Ray challenged the narrative that Bankman-Fried’s team presented that “the money was there — not lost.” Ray described this claim as “categorically, callously, and demonstrably false.” Bankman-Fried and his team have been working to downplay losses from the collapse of FTX and Alameda Research, in part because any losses will likely affect his sentencing. No, FTX hasn’t recovered all funds and isn’t restarting soon Read more:…