Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

NFTs’ role in the preservation and reinterpretation of art

NFTDec 11

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent years, non-fungible tokens have sparked a lively debate in both the art world and broader cultural discussions. From their role in high-value digital art sales to their perceived association with speculative bubbles, NFTs are often viewed through a polarized lens. You might also like: Museums, AI-generated art, blockchain, and NFTs | Opinion Yet, beneath the buzz and controversy lies a transformative technology that revolutionizes how we preserve, authenticate, and engage with art and culture. NFTs…

Beam Ventures Unveils Abu Dhabi’s First Gaming-Focused Venture Fund and Accelerator

RegulationDec 11

Abu Dhabi, UAE — Beam Ventures is set to launch the first-ever venture fund and accelerator dedicated exclusively to gaming in Abu Dhabi’s financial center, ADGM. Backed by a $150 million fund, Beam Ventures aims to accelerate game developers and early-stage startups, further solidifying Abu Dhabi’s status as a global gaming powerhouse. — Positioned at the crossroads of blockchain, gaming, and artificial intelligence (AI), Beam Ventures is poised to drive industry growth and redefine gaming experiences. By providing funding, mentorship, and strategic resources, Beam Ventures seeks to empower the next generation of game developers and early-stage founders, fostering a culture…

ONDO Spikes 8% as Major Derivatives Exchanges Mull BlackRock's BUIDL as Collateral Option

AltcoinsDec 11

BlackRock is in early talks to list its tokenized money market fund as collateral for derivatives trading on exchanges including Binance, Deribit and OKX, Bloomberg reported. Ondo's governance token spiked to 79 cents before paring gains, still up nearly 9% over the past 24 hours. Tokenized money market funds as collateral allows traders to keep earning a yield while using them for margin for trading, as opposed to posting stablecoins for collateral. Real-world asset tokenization platform Ondo Finance's governance token (ONDO) spiked 8% on Friday following a report about asset manager BlackRock's push to list its tokenized money market fund…

South Korea’s Upbit and Bithumb lists MOVE on Dec. 9

ExchangesDec 11

Two South Korean major crypto exchanges, Upbit and Bithumb, will list MOVE on the same day, Dec. 9. Both exchanges will open trading for the token at 21:00 KST. Upbit and Bithumb will list utility tokens from Movement Labs, an Ethereum (ETH) layer 2 solution, simultaneously on Dec. 9 at 21:00 KST. Though based on the information from Upbit’s notice, since this is the first time MOVE will be listed for global trading support, there is a chance that the scheduled listing time for the token might change. The exchange will let users know if the launch time for MOVE…

Binance Labs invests in Perena to boost Solana stablecoin adoption

RegulationDec 11

Binance Labs, the venture capital and incubation arm of Binance, has invested in Perena, a stablecoin infrastructure protocol on Solana. In an announcement on Dec. 11, Binance Labs revealed it had participated in the pre-seed funding round of Quine Co., the core contributor to the Perena stablecoin platform. The investment aims to accelerate the adoption of stablecoins on Solana (SOL). This ecosystem already benefits from Perena’s decentralized finance focused solution. You might also like: Binance partners with Circle to drive global USDC adoption Circle, Paxos, PayPal and Hong Kong-based stablecoin issuer First Digital are among platform to bring stablecoin support…

Crypto Trader Nets Over $550K from Free Minting $Daram and $Frogs Tokens

AltcoinsDec 11

A savvy crypto trader has earned over $550,000 in just six days by free minting $Daram and $Frogs tokens. The trader’s strategy involved minting massive amounts of both tokens via numerous wallets before selling them for a significant profit. Lookonchain, an on-chain crypto analytical firm, shared the sequence of events through its official X account. This guy made more than $550K by free minting $Daram and $Frogs in just 6 days! He minted 4.59B $Daram via 918 wallets with a gas of ~$10K and minted 8.8T $Frogs via 880 wallets with a gas of ~$7K. Then sold all 8.8T $Frogs…

Crypto.com acquires Orion to expand financial products

ExchangesDec 11

Crypto.com has acquired Orion Principals Limited, an Abu Dhabi-based brokerage licensed and regulated by the Abu Dhabi Global Market. In an announcement on Monday, Crypto.com said the acquisition is part of the crypto exchange’s plans to expand its range of crypto products and services. Specifically, Crypto.com is looking to add traditional financial instruments to its offerings. Exchange eyes growth in the UAE The expansion plan comes as the United Arab Emirates increasingly becomes a key global hub for crypto, with a crypto-friendly regulatory regime helping companies and businesses. Various projects and top crypto figures have set up shop in the…

Will the Team Airdrop a Massive Airdrop to Itself?

AltcoinsDec 11

According to blockchain analyst Andrew 10 GWEI, multiple addresses linked to Scroll’s founding team allegedly received millions of airdrop points, raising concerns about potential internal manipulation. The Scroll airdrop has not yet been distributed and it is unclear whether these wallets associated with the team are eligible to receive the airdrop, but speculation is growing. Andrew 10 GWEI shared details on social media that questioned Scroll’s robustness: “Scroll founder’s wallet with over 1 million tokens. Scroll = ZKscam 2.0? Teams are distributing drops to their wallets, that’s a fact.” He went on to provide evidence showing team wallets with tokens…

Deus X Pay Relaunches with a Focus on International Payments

ExchangesDec 11

Deus X Pay, a regulated institutional stablecoin payment provider, is proud to announce its new brand. Its mission is to transform international payments by breaking down traditional barriers and delivering finance without friction. Formerly operating as HAYVN, Deus X Pay has transformed its focus to cater to institutional clients, businesses, and corporations. The company is dedicated to providing streamlined, secure payment solutions that drive global business growth. Deus X Pay CEO, Richard Crook, expressed his enthusiasm for the company’s new chapter: Deus X Pay CEO, Richard Crook “We are thrilled to introduce a brand that encapsulates our mission to unparalleled…

Goodbye $60,000 Bitcoin? Traders Bracing for $58,000 Drop

BitcoinDec 11

It appears that there may be another decline in Bitcoin, with traders keeping a close eye on a dip below $60,000. The BTC OrderBook heatmap displays a concentration of buy orders near the $58,000 mark, signifying a robust support area. But given the ongoing bearish pressure on the market, it is not clear if Bitcoin can continue to rise above this crucial level. Looking at the chart, it can be seen that Bitcoin is still stuck in a downward channel and is unable to move out of it. Prices have been circling around $60,000, which indicates that bulls are being…