Author: NBTC

Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive measures. The blockchain and crypto industry is still young, and there’s time for Nigeria to establish regulatory frameworks to govern its participants. Nigeria’s Currency Falters Despite Crackdown on Crypto In a move reminiscent of past actions, Nigerian authorities, initially led by the National Security Adviser’s office, targeted global cryptocurrency exchanges in a crackdown that began in February. The accusation is that crypto platforms are enabling currency speculators who are…

The European Union has begun to enforce its Markets in Crypto Assets (MiCA) regulation, with stablecoin provisions now taking effect. But while this landmark legislation provides crucial safeguarding for consumers and businesses, it also introduces challenging requirements for issuers, such as limits on transactions and strict capital, reserve and redemption requirements. More than just a step forward in crypto regulation in Europe, MiCA warrants further discussion on ways that other jurisdictions like the United States can build and improve on regulatory requirements. Crypto sentiment in the US is at an all-time high. With the looming election, both parties are eyeing…

After a change of ownership this spring, the HV-MTL NFT mech suits minted on Ethereum—which were originally created by Bored Ape Yacht Club maker Yuga Labs—are set to be featured in a glossy, free-to-play arena shooter called Shatterline. Faraway, a gaming startup that still works closely with Yuga and purchased the HV-MTL and Legends of the Mara IP in April, teased the collaboration this week on Twitter (aka X). The brief trailer showcases the pixel mechs transformed into flying 3D companions that can help your on-foot hero in the first-person shooter. Shatterline is a PC-based shooter that’s been available in…

Open Campus, known for its innovative approaches in decentralized education, has recently secured a significant grant from the Arbitrum Foundation. This grant will catalyze the development and launch of EDU Chain, the pioneering Layer 3 blockchain designed specifically for educational purposes. The collaboration aims not only to enhance the learning experience but also to integrate educational achievements directly onto the blockchain, promoting a seamless “Learn, Own, Earn” model that stands to revolutionize how educational content is accessed and valued. The primary focus of EDU Chain is to foster an expansive ecosystem where both learners and educators can interact with decentralized…

Morgan Stanley revealed a $269.9 million investment in spot Bitcoin ETFs via Grayscale’s GBTC in its first quarter 13F disclosure. Based on Fintel data, the investment makes it one of the largest holders of GBTC, following Susquehanna International Group’s leading $1.0 billion investment. Morgan Stanley is also one of many Global Systemically Important Banks (G-SIBs) that have disclosed investments in spot Bitcoin ETFs, alongside the Royal Bank of Canada, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS. Other firms invest Other firms also disclosed investments in spot Bitcoin ETFs. On May 14, New York advisory firm Pine Ridge Advisers…

As significant whale activities have a significant impact on the crypto market, a similar incident has recently taken place. As per SpotOnChain, the well-known on-chain analytics provider, an Ethereum whale has redeemed a huge amount of $ETH over the recent 17 hours. The platform took to its official account on the social media forum X to disclose this report. A massive whale (probably Abraxas Capital) has withdrawn 60K $ETH ($203M) from #Bitfinex at ~$3,387 in the past 17 hours.The whale then lent $ETH to #Spark to borrow $119M in stablecoins and deposited it to #Binance.The $ETH price is up by…

Abra has launched a treasury service for companies that want to hold bitcoin on their balance sheet as a reserve asset. The integrated offering combines custody, trading, borrowing, and yield services through separately managed accounts. Abra, the digital asset prime services and wealth management platform, has launched Abra Treasury, a service for corporates that want to hold crypto on their balance sheet as a reserve asset, the company said in a press release on Monday. The service will be operated by Abra Capital Management, which is an SEC-registered investment advisor, and will provide corporates, family offices, and non-profits with a…

Telegram-based game Notcoin has been responsible for this year’s biggest gaming token launch—and the price has only surged since then, more than tripling in value recently as The Open Network-based NOT token gains steam. Now the team has rewarded the earliest traders who made a bet on Notcoin’s future performance. Back in March, before the NOT token launched and Notcoin was purely playing with in-game coins, developer Open Builders launched a novel “pre-market vouchers” model. Players who had mined at least 10 million in-game coins could swap them for a tradeable NFT that could be redeemed for the eventual on-chain…

Vice president Kamala Harris’ odds of becoming the Democratic nominee for president this year more than quadrupled on Tuesday, according to traders on Polymarket, the crypto-based prediction market platform that’s seen torrid growth in an election year. “Yes” shares in a contract asking whether she will get the nod traded as high as 31 cents in the afternoon New York time, indicating the market saw a 31% chance it will happen, up from 7% earlier in the day. The shares retraced some gains and recently traded at 23 cents. Each share pays out $1 (in USDC, a stablecoin, or cryptocurrency…

Open Campus has announced that it has received a grant from the Fondazione Arbitrum to launch EDU Chain, the first layer3 blockchain for education. The project is supported by various other partners such as Animoca Brands. Arbitrum and its support for EDU Chain: the first layer3 blockchain designed for education Arbitrum and EDU Chain: the project of the first blockchain for education First place for TVL among L2 blockchains Arbitrum and its support for EDU Chain: the first layer3 blockchain designed for education Open Campus, a decentralized protocol dedicated to education, announced that the Arbitrum Foundation has sent a grant…