Author: NBTC

Many Telegram-based games have shot to popularity this year with the promise of in-game progression resulting in a share of a future crypto token airdrop. For some of those games, the time to launch a token is upon us, with dates set and gamers itching for their share of the pie. From crypto exchange-building tap-to-earn game Hamster Kombat to combat-centric clicker Rocky Rabbit and others alongside, these Telegram mini apps have made waves through the industry. But now it’s time for these projects’ respective tokens to start a new wave. Will these games stay relevant after their tokens launch? Some…

Samsung Next invests in Startale Labs, which is partnering with Sony to develop the Soneium blockchain. Startale Labs provides tools for Web3, supporting the Astar Network and Startale Cloud Services for dApps and smart contracts. Samsung Next, the investment arm of South Korea’s tech giant Samsung, has announced a new investment in Startale Labs. This investment comes as Startale Labs forms a joint venture with Japanese powerhouse Sony to co-develop Sony’s blockchain project, Soneium. Startale Labs is known for its key services that support blockchain technologies such as the Astar Network, Soneium, and Startale Cloud Services. According to the official…

Feline hero shooter Nyan Heroes is now open for its third playtest period, which adds a new game mode, two characters, and more gameplay features. This also marks the beginning of the project’s third airdrop campaign wave, where players will be able to earn Solana-based NYAN tokens by completing in-game quests. Nyan Heroes is a free-to-play, Overwatch-style shooter in which players embody a cat piloting a mech suit. Developed by 9 Lives Interactive, the game broke into the top 30 titles on the Epic Games Store during its last playtest. This was followed by a token launch and airdrop to…

BRICS Pay will help the alliance reduce its dependence on the U.S. single currency in global business transactions. Russia plays a key role in developing BRICS Pay and aims to integrate digital money. The platform’s launch could particularly shift the global financial landscape and challenge traditional systems. The BRICS alliance, including Brazil, Russia, India, China, and South Africa, is preparing to introduce an important development in wider finance. The group plans to unveil the BRICS settlement blockchain platform at its October 2024 summit. Announced in March, this platform intended outcomes to reduce reliance on the U.S. dollar for international movements…

A widely followed crypto analyst says that digital assets need looser monetary policy before moving another leg up. In a new video update, crypto strategist Benjamin Cowen tells his 806,000 YouTube subscribers the Federal Reserve needs to reverse course on its tight monetary policy before the crypto markets can take off. According to Cowen, Bitcoin (BTC) has been slowly bleeding out since March due to the Fed’s hesitation to engage in quantitative easing. However, he says the Fed loosening policy by September appears to be the most likely scenario. “Can [the crypto market] durably change before the Fed pivots to…

Blockchain analysis platform Santiment revealed the centralization of blockchain networks and the concentration of tokens held by top wallets. The report highlighted the top ten most popular cryptocurrencies and analyzed the percentage of supply controlled by the top ten addresses. Polygon (MATIC) emerged as the most centralized, with the top ten addresses holding 69.4% of the supply. This was followed by Shiba Inu (SHIB) at 61.2%, Uniswap (UNI) at 50.8%, Pepe (PEPE) at 46.1%, Ethereum (ETH) at 44.0%, Tether (USDT) at 33.1%, and Chainlink (LINK) at 31.1%. The altcoins with the least centralization, as highlighted by Santiment, include Toncoin (TON)…

The wife of a senior Binance executive accused of laundering $35 million in Nigeria has issued a plea for the U.S. government to intervene in what she considered to be the unlawful detention of her husband, Tigran Gambaryan. Gambaryan, a former IRS agent, has been held in a Nigerian jail since February on money laundering charges. Gambaryan’s health has deteriorated while in jail, but a Nigerian court denied his request for bail in May, citing flight risk concerns. “The U.S. government must do more to help Tigran. I urge them to use every available tool to free an innocent American…

Mino Games shifts from Web3 to Web2 due to setbacks. Dimensionals faced fraud, DDoS attacks, and NFT market volatility. Mino Games, the creator of the digital card game Dimensionals, has announced a strategic shift from Web3 to Web2, abandoning its initial blockchain and NFT integration. The decision comes after the project encountered multiple setbacks that significantly impacted its revenue streams. Dimensional, which initially attracted attention for its blockchain-based gameplay and NFT integration, faced unforeseen challenges since its launch. The game was targeted by robot fraud and DDoS attacks, which disrupted its operations and deterred players. Additionally, the volatile nature of…

Siemens has issued a €300 million digital bond, marking its second use of blockchain technology to streamline securities transactions under Germany’s electronic securities act. German multinational technology conglomerate Siemens has launched its second digital bond, valued at €300 million on a blockchain, under Germany‘s electronic securities act in a bid to expand its expertise in the distributed ledger market. In a Sept. 4 press release, the Munich-headquartered company said the issuance follows its debut of a €60 million digital bond in 2023, underscoring its commitment to advancing digital financial solutions. The bond, which carries a one-year maturity, was settled through…

Bitcoin (BTC) short-term holders are experiencing the largest amount of unrealized loss since the bear market lows in 2022, which has added more pressure on prices due to fears of another sell-off, according to the latest edition of the “Bitfinex Alpha” report. The Short-Term Holder MVRV (Market Value to Realised Value) ratio compares the current market price of BTC to the price at which coins were last moved on the blockchain. The report highlighted that when the MVRV ratio is below one point, as it is currently, it indicates that short-term holders would sell at a loss if they decided…