Author: NBTC

Jamaica’s National Commercial Bank (NCB), the only lender in the country currently offering a central bank digital currency (CBDC) wallet, says that its clients have been disinterested in the digital currency. Jamaica launched the JAM-DEX CBDC in late 2021 and made it fully available to the public the following year. The Bank of Jamaica (BOJ) relies on an intermediate system in which commercial lenders offer CBDC services to the public. Three years after its launch, Jamaica’s largest lender, NCB, is the only bank that offers a CBDC wallet to Jamaicans, and it’s now questioning the feasibility of one of the…

Catizen’s Mini-Game Center merges traditional gaming with blockchain, offering diverse play-to-earn opportunities. Star Wing” leads Catizen’s new game lineup, featuring dynamic aerial combat and customizable aircraft. CATI token airdrop targets 30M users, aiming to boost platform engagement and token utility. Catizen, a Telegram-based gaming platform, has launched the open beta of its Mini-Game Center, promising an engaging blend of entertainment and earning opportunities. This initiative marks a strategic enhancement of the Catizen platform, integrating play-to-earn mechanics with various games. The new center is designed to appeal to casual and dedicated gamers by offering a variety of mini-games that merge traditional…

Bitcoin miners are facing a tough reality right now. The April halving cut rewards in half, from 6.25 BTC to 3.125 BTC per block, making it harder for miners to stay profitable. On top of that, rising energy costs are eating into what little profit is left. This is the kind of squeeze that has miners scrambling to figure out how to keep the lights on and the rigs running. JPMorgan’s latest report said that the second quarter of 2023 was a historic disaster for miners. According to analysts Reginald Smith and Charles Pearce: “Margins and profitability have been crushed…

Bitcoin (BTC) has demonstrated a strong recovery, rebounding to a high of $61,300 today. This marks a significant bounce back from the cryptocurrency’s recent lows, signaling a potential shift in the broader market sentiment. Following the fear-induced crash earlier this month, Bitcoin has surged by 19%, reflecting growing confidence among investors. 📊 Crypto is showing signs of recovery, with Bitcoin rebounding to as high as $61.3K today. The crowd sentiment has been flipping more and more bullish for most top caps since the August 5th bottom, and BTC +19% since that fear-causing crash. 👍 pic.twitter.com/giuRmtgX5o — Santiment (@santimentfeed) August 20,…

A Polygon-based non-fungible token (NFT) collection called MKgirl led the market in daily sales on Aug. 25, with sales hitting US$1.1 million. The collection had 421 total transactions but only had four unique sellers, CryptoSlam data shows. MKGirl launched on Aug. 24 and has 233 active owners. The second-ranking collection for the day was DMarket, with sales reaching nearly US$792,000 across 27,387 transactions. This collection now has an all-time sales volume of over US$495 million, less than US$5 million from becoming the 14th collection to join the half-billion dollar club. Mythos Chain, where DMarket resides, became the 11th network to…

Tokenized asset markets have reached a new all-time high, surpassing $10.9 billion. This represents a 37.1% increase from the roughly $8 billion at the start of the year. The surge is largely driven by heightened demand for private loans and U.S. Treasury debt. Currently, private credit makes up $8.1 billion of the market, while tokenized Treasuries account for $1.9 billion. Other tokenized asset classes remain under $1 billion each. Tokenized U.S. Treasury debt has grown significantly since the March launch of the $BUIDL fund. In just five months, this sector has expanded by $1.1 billion. The rise in tokenized Treasuries…

The first “closed beta test” for Ragnarok: Monster World—a mobile game based on the popular Ragnarok Online role-playing franchise—isn’t very closed after all. But it is pretty fun. Built with optional NFT assets on Ethereum gaming network Ronin, Ragnarok: Monster World delivers a simple, streamlined strategy experience for iOS and Android that’s more than a little bit reminiscent of Supercell’s mobile smash, Clash Royale. Getting into the weeklong beta test doesn’t require ownership of NFTs, nor any kind of approval from the developer to get started. There is an extra hoop or two to jump through compared to fully released…

Hong Kong-based online brokerage Futu Holdings Limited (Nasdaq: FUTU) announced its second-quarter results today (Tuesday), surpassing analyst expectations and prompting an increase to its full-year outlook. The company reported a 25.9% year-over-year (YoY) increase in total revenues to $400.7 million), driven by strong growth across its key business segments. Net income rose 8.0% to $154.9 million, while non-GAAP adjusted net income grew 8.6% to $166.0 million. This also marks an increase compared to the first quarter of the current year, when net profit stood at $132.3 million, and revenues amounted to $331.3 million. Futu’s client base continued to expand rapidly,…

The Malaysian police are destroying Bitcoin mining rigs as part of a broader crackdown on crypto miners who steal electricity for their operations. A report from local media, Malaysia Gazette, disclosed that the police headquarters in the Perak District crushed 985 mining rigs worth RM1.98 million ($452,500) earlier this week. A video on the platform’s X account showed the machines being crushed with a steamroller with local officials present. Malaysian Authorities Destroy Mining Rigs The Perak Tengah District Police chief said the department had received an order from the court to destroy the mining equipment. Authorities confiscated the rigs during…

As Bitcoin (BTC) tries to recover from the sharp decline in early August, its volatility has also increased recently. Despite Bitcoin’s recent volatility, analysts said institutional investors remain committed to Bitcoin. Despite Rising Volatility, Institutions Continue to Accumulate Bitcoin! Despite the rising volatility, institutional investors continue to invest in BTC and maintain their existing spot Bitcoin ETF holdings, according to analysts. Speaking to The Block, Bitwise European Head of Research André Dragosch said that institutional investors are not shying away from the increased Bitcoin volatility and are staying pretty steady and not selling their BTC. The majority of institutional investors…