Author: NBTC

Hamster Kombat, the popular tap-to-earn sensation, revealed having rejected several investment proposals from some of the biggest venture capital firms in the crypto industry. The team behind the game declared that it would not allow players to become exit liquidity for their backers, as has happened in other projects. Hamster Kombat Has Rejected Venture Capital Investment to Benefit Its Players Hamster Kombat, the tap-to-earn game where players step in the shoes of a hamster CEO of a crypto exchange, has clarified its policy regarding external investors. The project, which has reached over 300 million users and has a projected upcoming…

The mysterious leader of Shiba Inu, known to the community as Shytoshi Kusama, continues his “world tour” as he is meeting the SHIB army in various countries. Now, he has made a public appearance in India, in accordance with his earlier tweet. However, this time, he arrived with a masked companion, mystifying the SHIB community on the X platform (formerly famous around the world as Twitter). $SHIB @ShytoshiKusama Live in Mumbai, India With Whom?#ShibaInu #ShibaInuETF #SHIBARMYSTRONG 💪 pic.twitter.com/Lix3bLQEOt — SHIB Bezos (@BezosCrypto) July 10, 2024 Shytoshi Kusama and his masked companion in India Several SHIB fans on the X app…

According to data from ETC Group, cryptocurrency hedge funds significantly reduced their risks in the Bitcoin market to levels not seen since October 2020. “Crypto hedge funds have really thrown in the towel on Bitcoin lately. Over the last 20 trading days, they have reduced their holdings in the BTC market to only 0.37, which is the lowest level since October 2020,” said André Dragosch, Head of Research at ETC Group. said. The crypto hedge fund industry is diverse, with a variety of strategies that can be both directional and market neutral. Therefore, it is difficult to determine the main…

KfW, the largest development bank in Germany and owned by the German states, has teamed up with Boerse Stuttgart Digital (BSD) as infrastructure provider partner in preparation for its upcoming blockchain-based digital bond offering, the companies said in a Monday press release. KfW plans the bond issuance in the coming weeks under the German Electronic Securities Act (eWpG). BSD will oversee the crypto wallets and secure the private keys during the issuance and redemption processes. The upcoming offering will be part of the European Central Bank’s trials to settle blockchain-based transactions against central bank money. “As one of the world’s…

Bitcoin maximalist Fred Krueger has called for exchange-traded funds (ETFs) for meme coins like Shiba Inu, though in a lighthearted manner. Krueger voiced this sentiment in a recent commentary on X, lamenting the SEC’s approval of an ETF he finds undeserving. Specifically, he expressed apprehension at the launch of the YieldMax Short COIN Option Income Strategy ETF, which has the ticker symbol “FIAT.” This ETF aims to generate monthly yields by using a synthetic covered put strategy on the share price of the common stock of Coinbase (COIN). While it benefits when COIN’s share price decreases, its potential gains are…

Bitcoin’s most popular layer 2, the Lightning Network, had another bug that put users’ funds at risk. Lightning scales faster and cheaper than regular bitcoin transactions by allowing users to join payment channels, therein conducting off-blockchain, ‘bar tab’-like transactions. By jotting down increases and decreases in bitcoin balances within these payment channels, Lightning users ‘send’ and ‘receive’ bitcoin faster and cheaper than paying miners for the full security and decentralization of on-blockchain transactions. However, the trade-off for this speed and affordability is evident in this week’s disclosure: security. LND, one of the four most popular implementations of Lightning, is now…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced significant price movements recently, driven by various market forces and whale activities. While Ethereum has been battling to maintain its position amid market challenges, its potential for recovery remains strong. This article examines the latest developments, including whale transactions, key resistance levels, and Ethereum’s ongoing technological advancements. By TradingView – ETHUSD_2024-08-09 (1D) Ethereum Price Analysis: What Are ETH Price Trends Recently? Ethereum has shown resilience in the face of market volatility, managing to climb above the $2,550 resistance zone. Currently trading around $2,680, ETH is eyeing a potential rise above…

Crypto startups attracted $2.7 billion in venture capital (VC) during the second quarter of 2024, according to PitchBook data. As reported by Bloomberg, this represents a 2.5% increase from the previous quarter but a nearly 10% decline compared to last year. Deal activity, however, fell by 12.5% from the first quarter. The digital asset market faced significant challenges following earlier highs that were largely driven by the launch of Bitcoin exchange-traded funds (ETFs) in the US. Bloomberg estimates reveal investor inflows into these ETFs plummeted by 80% in Q2, Says Rob Hadick, a partner at Dragonfly crypto venture fund, “While…

VeChain launched Marketplace as a Service (MaaS), partnering with Gresini Racing and EXplusNFT for exclusive NFT content. VeChain’s MaaS offers a no-code interface for businesses to manage digital assets seamlessly. In the first quarter of 2024, VeChain launched its new Marketplace as a Service (MaaS) solution, which is a major step in the evolution of e-commerce. To celebrate this launch, VeChain has collaborated with Gresini Racing and EXplusNFT and introduced the first enterprise marketplace on the MaaS platform. 🚀🔗 Exciting times for #VeChain! Q1 2024 marks the debut of their revolutionary Marketplace-as-a-Service (MaaS) platform. To celebrate, they’ve partnered with @GresiniRacing…

In the ever-evolving world of cryptocurrencies, profitability remains a critical measure of success for both individual investors and the market as a whole. According to recent data from IntoTheBlock, Bitcoin (BTC) continues to dominate the market, with an impressive 86% of its holders currently in profit. This positions BTC as a leading asset, maintaining a significant lead over other coins in terms of profitability. Ethereum (ETH), the second-largest coin by market capitalization, also showcases a strong performance, with 83.19% of its holders in profit. Ethereum’s smart contract capabilities and its pivotal role in the DeFi (decentralized finance) ecosystem have significantly…