Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Illuvium is launching on 25th of July with new features

GameFiJun 7

Illuvium Game Studio recently announced July 25 as the release date of its upcoming blockchain game. The launch comes after a series of play-to-earn airdrops as part of Private Beta 4 and the open beta Testnet launched on May 28. Also read: New Alliance in Web3 Gaming as Illuvium (IBG) partners with Samsung The game’s development team has delayed its release to include new features, such as an Arena mode that comes with a new weapons system and a Gauntlet mode. Similarly, it will also feature the Overworld mode with NPC interactions, combat, character customizations, economy adjustments, and more. Along…

The tokenization industry needs to address interoperability issues

BlockchainJun 7

Pallavi Thakur, Director of Strategy and Innovation at Swift, and Julien Clausse, head of Asset Foundry at BMP Paribas, shared insights about tokenization at the Money20/20 conference. During their joint presentation, both Clausse and Thakur agreed that tokenization faces significant interoperability challenges, requiring solutions at multiple levels. Citing themes from her talk yesterday, Thakur cited interoperability as a barrier to tokenization, claiming that tokenization platforms often create isolated networks or “islands” that don’t inherently communicate with each other. “Tokenization is gaining momentum and is poised to transform the securities market,” said Thakur. However, she highlighted a significant hurdle: “These tokenization…

Bitcoin Hints at Correction, But Could a Dip Offer Buying Opportunity?

BitcoinJun 7

Bitcoin shows positive signs but faces resistance near $70,000. Analysts watch dips closely for potential buying opportunities. Market sentiment remains cautiously optimistic as BTC holds above $68,000. Is Bitcoin’s recent surge sustainable? Expert analysis on BTC price action, key support levels, and potential dip-buying strategies. Bitcoin Eyes $70,000 Breakout, But Correction Risks Remain Bitcoin (BTC) has demonstrated resilience in recent sessions, breaking above the $68,500 resistance and hinting at further bullish momentum. However, the cryptocurrency faces a critical test near the $70,000 psychological barrier, and a potential correction could provide strategic entry points for investors. Key Technical Indicators and Price…

Digital euro is highly likely, says ECB’s Evelien Witlox

RegulationJun 7

In her presentation at Money20/20, Evelien Witlox, Digital Euro Director at the European Central Bank, delved into the potential implications of a digital euro and how its inception would impact the Euro payment landscape Noting a decrease in cash usage across Europe, Witlox expressed the sentiment that a digital euro could be in the works. “I think there is a certainly high likelihood we also invest in the digital euro, but it’s not inevitable at the moment,” Witlox said. Witlox highlighted the European Central Bank’s intention to proceed acutiously, even as pressure mounts from the decline in cash usage and…

Three Giant Altcoin Whales Become Active – Two Sell and One Buy

AltcoinsJun 7

Giant cryptocurrency whales have traded large amounts of altcoins in the last quiet hours. MakerDAO's Multisig wallet recently deposited 421.98 MKR, equivalent to $1.28 million, to Wintermute Trading OTC. This deposit is part of a larger series of transactions with a total of MKR 3 thousand ($9.08 million) deposited to CEX in the last six days. Interestingly, this entity had withdrawn 20 MKR from Coinbase Prime three months ago. Currently, it holds 21.93 thousand MKR worth $66.36 million. In another notable move, the whale with short wallet address 0x2ea purchased 299.99 thousand USDC and 250.19 thousand RBN at an average…

PLEXUS Introduces Theta Algorithm V2 for Better User Experience

BlockchainJun 7

PLEXUS, a popular cross-chain bridge aggregating company, has recently announced another development. As per the platform, it is introducing the Theta Algorithm V2 to begin an exclusive epoch of cross-chain operations, enhancing the user experience. On its official X account, the firm disclosed this development. 🚀 Big News! PLEXUS unveils Theta Algorithm V2! Multi-Layered Transactions: Theta V2 uses machine learning to optimize liquidity across chains, considering fees, gas costs, slippage, and price impact for the best trading experience. Enjoy faster, safer, and more scalable… pic.twitter.com/me6GiLMQSv — PLEXUS | We’re Hiring! (@plexus_fi) June 5, 2024 PLEXUS Releases Theta Algorithm V2 to…

Classic Bitcoin Indicators Suggesting BTC Gearing Up for Parabolic Surge, Says Crypto Analyst

BitcoinJun 7

Indicators are now strongly hinting that Bitcoin’s (BTC) recent rallies have a lot more gas left in the tank and that much bigger gains are about to be witnessed, a closely followed crypto analyst says. The pseudonymous analyst known as TechDev tells his 444,000 followers on the social media platform X that Bitcoin is currently pushing up on the 2x multiple of its 350 daily moving average (DMA) while it consolidates near all-time highs. TechDev also notes that BTC’s moving average convergence divergence (MACD) indicator on the two-month chart has simultaneously flipped green. The analyst says that together, the three…

Banks' drive to 'tokenise' assets moves slower than expected

RegulationJun 7

AMSTERDAM, June 5 (Reuters) - Banks which for years have talked about creating 'tokenised' versions of assets like bonds and currencies say a shift to blockchain-based trading is taking longer than expected, with some investors cautious about the idea. By creating tokenised assets - usually blockchain-based tokens to represent holdings of mainstream assets such as currencies or bonds - banks hope to make it more efficient, faster and cheaper to trade, and easier to record who owns want. Consultants and digital asset executives predict that a significant proportion of the world's assets will be tokenised via blockchain - HSBC and…

XRP Whales Move 100,000,000 XRP, Stirring Ripple Speculation

AltcoinsJun 7

A massive transfer of 100 million XRP has sparked speculation about the involvement of Ripple, amid market volatility and CTO’s transparency assurance. The cryptocurrency community has been alerted to a substantial transfer of 100,000,000 XRP, equivalent to approximately $53,477,708. On-chain data confirms that the massive fund flow occurred today at 04:06 AM (UTC). 🚨 🚨 🚨 100,000,000 #XRP (53,477,708 USD) transferred from unknown wallet to unknown wallethttps://t.co/HvqqMlsxZB — Whale Alert (@whale_alert) April 22, 2024 Notably, both the sending and recipient address are labeled unknown, stirring speculation regarding their identities. While concrete confirmation is lacking, data suggests a potential link to…

Ethereum Devs Shut Down Linea—Can Layer-2 Networks Be Trusted?

BlockchainJun 7

Late Saturday, an Ethereum layer-2 network called Linea found itself stuck between a rock and a hard place. Using an exploit, attackers had drained $2.3 million worth of ETH from a decentralized exchange that operates on Linea, called Velocore. Unable to reach the Velocore team, Linea’s leadership made the decisive call to freeze all transactions across the network in an effort to prevent further malfeasance. The plan worked: Linea users were insulated from additional losses. That’s when the trouble started. Crypto users immediately decried Linea’s actions across social media, arguing that the company had violated the industry’s core principle, decentralization.…