Author: NBTC

VanEck CEO Jan van Eck is convinced that the approval of spot Ethereum ETF has marked a historic shift. As noted by van Eck, the exchanges now have the green light to list Ethereum spot exchange-traded funds (ETFs). He has added that their prospectuses still need to be approved by the SEC. “We are in the process of getting comments from the SEC to get it in line with what their expectations are. I assume that it’s true for all the other applicants for the spot ETF approval,” the VanEck CEO added. Regulatory developments Following the passage of the Financial…

Cronos, a prominent layer-1 blockchain, has announced its integration with the community-building platform Galxe, according to the information shared with Finbold on April 22. The integration comes with Cronos’ Spring Odyssey campaign set to reward users with a whopping $35,000 in prizes. The campaign kicks off on April 22nd and will run for six weeks, concluding on May 31st. The Spring Odyssey campaign The Spring Odyssey campaign marks Cronos’ first major initiative with Galxe. Thirty projects have eagerly signed up to participate, covering a wide range of areas including decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. Notable Cronos-based projects…

Seoul – XOCIETY, the AAA third-person shooter game, has successfully raised $7.5 million in a pre-Series A funding round. The round was spearheaded by Hashed and the Sui Foundation, with additional investments from notable gaming entities such as Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON.—The funding round capitalizes on the momentum generated by XOCIETY’s beta testing phase, which attracted over 3,000 users from 76 countries. The beta phase recorded more than 11,000 hours of gameplay and achieved a player retention rate of over 77% for a week or more. Developed by Team NDUs, XOCIETY merges RPG elements with a novel reward…

Japanese crypto exchange DMM Bitcoin has announced a 50 billion yen ($321 million) fundraising plan. The funds will be used to purchase Bitcoin to compensate customers affected by the recent hack. DMM Bitcoin operates under the umbrella of DMM.com, an enterprise active in several sectors, including entertainment, technology, and renewable energy. It is led by CEO Keishi Kameyama. Japanese Regulators Demand Investigation Into DMM Bitcoin Hack On Wednesday, DMM Bitcoin shared details of its fundraising strategy. The company aims to raise funds from its group companies through a 48 billion yen (~ $ $307.8 million) capital increase and 2 billion…

Quick Take Glassnode data reveals a substantial decrease in Bitcoin (BTC) holdings on the Coinbase exchange. Over the last 30 days, a notable 85,000 BTC have been withdrawn from the platform, marking the second-largest net outflow on record for a 30-day period. This mirrors a similar occurrence in March 2021, when 86,000 BTC left Coinbase. The exchange’s Bitcoin balance has shown a consistent decline since March 2020. In December 2020, Coinbase possessed approximately 1 million BTC, but by July 2021, this figure had dwindled to just 730,000 BTC – a reduction of 270,000 BTC amidst the price surge from $10,000…

Rootstock is one of the most established projects aiming to introduce DeFi features to the Bitcoin network. The ecosystem uses the RBTC token, which is pegged 1:1 with BTC. The integration comes around six months after Uniswap was deployed on the Bitcoin sidechain. Decentralized exchange SushiSwap is now live on Bitcoin (BTC) sidechain Rootstock, according to an announcement shared with CoinDesk on Thursday. Launching in 2018, Rootstock is one of the most established projects aiming to introduce decentralized finance (DeFi) features to the Bitcoin network that are more commonly associated with the likes of Ethereum and BNB Chain. It bills…

Mina is set to receive a significant upgrade with the Berkeley release scheduled for June 4, 2024. This upgrade introduces a fully zero-knowledge (ZK) application layer, marking a substantial advancement in blockchain technology. Mina’s Berkeley upgrade is scheduled for June 4, 2024.Here is what you need to know about the upgrade and why it’s major 👇Mina was already cool (the first lightweight fixed-size blockchain) …When Mina’s mainnet launched in 2021, its unique ZK architecture addressed the… — Mina Protocol (httpz) 🪶 (@MinaProtocol) April 22, 2024 Key Upgrade Features The upcoming Berkeley upgrade will significantly expand Mina’s capabilities by enhancing its…

Sky Mavis, the creator of the Ronin sidechain gaming network on Ethereum, announced on Thursday the launch of Ronin Forge—an early access program that will provide grants and support for up to six studios to build “experimental” crypto games on the network. Admitted studios will receive a $50,000 grant, access to Ronin’s infrastructure, and the ability to tap into its active gaming community. Ronin is the network behind such games as Pixels, Axie Infinity, and the upcoming Ragnarok: Monster World. It’s currently a closed ecosystem, with Sky Mavis deciding which teams can build on the network, but the studio plans…

Key Points: Upbit, South Korea’s largest crypto exchange, announces support for new TAIKO trading pairs, including KRW, BTC, and USDT markets. Taiko, an Ethereum ZK-Rollup layer 2 network, aims to address Ethereum’s scalability issues with increased transaction throughput and reduced costs. Ethereum co-founder Vitalik Buterin proposes the first block for Taiko’s mainnet, highlighting the project’s significance in the blockchain community. Upbit has announced its support for new trading pairs for Taiko (TAIKO). The addition of TAIKO trading pairs, including KRW, BTC, and USDT markets, reflects Upbit’s commitment to providing a diverse range of investment options for its users. Taiko, an…

The Sandbox, a subsidiary of Animoca Brands, has announced a $20 million funding round at a $1 billion valuation cap aimed at expanding its creator economy within the open metaverse. This strategic funding, led by Kingsway Capital and Animoca Brands with participation from LG Tech Ventures and True Global Ventures, will support The Sandbox’s vision of a decentralized virtual world where culture intersects with gaming. Previously, in 2022, The Sandbox had looked to raise funds at a $4 billion valuation when the SAND token market cap was around $3.7 billion. However, since the token has declined to around $1 billion…