Author: NBTC

Team Liquid, one of the most successful organizations in esports history, is teaming up with tournament platform Community Gaming to launch a $20,000 series of competitions this summer, the companies announced Friday. The North American series will feature four events split evenly between Teamfight Tactics and Hearthstone. Prize money will be paid out in USDC, a crypto stablecoin pegged to the U.S. dollar, on Ethereum layer-2 scaling network Base. The series aims to showcase the efficiency of crypto payments in esports. The ability for cryptocurrency to be used for automated prize money payments after events is often cited by proponents…

Polygon has unveiled Season 01 of its Community Grants Program to bolster projects building within the Polygon and Ethereum ecosystems. According to a press release shared with crypto.news, starting Jun. 11, the project will allocate 35 million MATIC to developers working on Polygon. For the first season, the funds would be distributed in MATIC due to the network’s ongoing token upgrade to POL. Subsequently, future grants will be distributed in POL. For projects to be eligible, they must either be building on Polygon or willing to migrate to the network. One of the goals of the grant is to ensure…

A Nigerian court in Abuja has dismissed the human rights suit filed against the Nigerian authorities by a Binance executive, Nadeem Anjarwalla. Anjarwalla, the regional Africa head for Binance, and Tigran Gambaryan, who heads Binance’s Financial Crime Compliance, were detained on February 28 after meeting with the country’s officials to settle regulatory disputes. Nigeria clamped down on cryptocurrency exchanges, with its central bank governor singling out Binance for public rebuke over alleged currency manipulation and illicit transactions. Anjarwalla, a Kenyan Briton, sued Nigeria’s national security adviser, Nuhu Ribadu, and the country’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC),…

Recently, Axel Adler Jr., a CryptoQaunt author on the social media platform X, brought attention to an intriguing trend in the funding rates of Bitcoin. For over a year—specifically 413 days—the average 30-day moving average (30DMA) Funding Rate has remained in the positive territory. This positive streak, with the current rate at 0.006 and this year’s peak hitting 0.03, suggests sustained bullish sentiment among traders. Adler Jr. advises traders to switch to “spot mode,” hinting at a strategic shift to capitalize on potential market movements. Source: Axel Adler Jr on X Bitcoin Teases Breakout Amidst Static Resistance Despite the positive…

Ethereum’s price has failed to break above the $4,000 resistance level once more and is yet to create a new all-time high. However, the market is showing resilience compared to other coins during the current correction phase. Technical Analysis By TradingRage The Daily Chart As the daily timeframe shows, ETH’s price has dropped back to $3,500 after getting rejected from the $4,000 resistance level once again. Currently, the $3,500 mark is holding and preventing the price from a further decline toward $3,000. Yet, if the $3,500 level is broken to the downside, the market will most likely move quickly toward…

Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which dramatically impact their operations and financial stability. Japanese Banks Struggle With Unavoidable Losses, Navigating Tough Global Economic Waters According to Arthur Hayes, Japanese banks have been heavily impacted by the aggressive rate hikes by the U.S. Federal Reserve, which began in earnest in 2023. Hayes points out that these banks, in pursuit of…

The Italian national team, in partnership with Argentina and Portugal, launches a digital collectible series through Socios.com, a product based on Chiliz: holders of Fan Tokens from Argentina, Italy, and Portugal will have access to these official collections. Let’s see all the details below. Chiliz and Socios.com: exclusive access for Fan Token holders Blocking and user engagement modes Chiliz (CHZ): the beginning of a new era of growth? Chiliz and Socios.com: exclusive access for Fan Token holders As anticipated, Socios.com has launched a special edition of its popular Locker Room feature, allowing fans to obtain official digital collectibles of their…

Main Takeaways Vishal Sacheendran, Head of Regional Markets at Binance, took center stage at the second Digital Innovation Academic Forum (DIAF) that took place on May 29 in Seoul, Korea, and was co-hosted by Binance Academy and Blockchain Law Society. In his keynote speech, Sacheendran highlighted how diverse regulatory frameworks across regions like the EU, Japan, and Thailand can add vital perspectives to the global debate on the shape of a harmonized crypto regulation. Panel discussions led by industry leaders underscored the importance for businesses to comply while remaining adaptable in a shifting regulatory environment, with a focus on finding…

Artificial intelligence-driven fighting game AI Arena has set a date for its NRN token launch, following a play-to-airdrop campaign this spring. Earlier this year, AI Arena let 8,000 users play its unique brawler game—built on Ethereum layer-2 scaling network, Arbitrum—while in pre-release for the chance to earn potential token rewards, with a campaign built around social media influencers. Now, those rewards are just around the corner. Those who participated will be able to claim their tokens at 7am UTC on Monday, June 24, with a centralized exchange listing coming an hour later. Which exchange(s) the token will be listed on…

API3’s recent integration with Scroll is setting new standards for data integrity and accessibility. This strategic development not only enhances the functionality of the Scroll Layer 2 solution but also pioneers new mechanisms for data utilization in blockchain applications. Revolutionizing Data Access in DeFi API3 is well known for its robust oracle solutions, and now it has introduced its high-tech Oracle Stack on Scroll which represents a considerable improvement on how developers can access decentralized data. Using this integration, developers can access API3s decentralized APIs (dAPIs) that will be critical for supporting the next generation of decentralized applications. This is…