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.

XOCIETY Secures $7.5 Million in Funding for Innovative AAA Game Development

GameFiJun 6

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…

Crypto Exchange DMM Bitcoin Plans $321 Million Fundraise After Major Hack

ExchangesJun 6

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…

Coinbase Bitcoin holdings plummet by 85,000 BTC in 30 days, second biggest on record

BitcoinJun 6

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 Over the last 30 days, a notable 85,000 BTC have been withdrawn from the platform, marking the second-largest net outflow on record for a 30-day period.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…

Decentralized Exchange SushiSwap Goes Live on Bitcoin Sidechain Rootstock

DeFiJun 6

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 Blockchain Set for Major Upgrade with Berkeley Release on June 4, 2024

AltcoinsJun 6

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…

Ethereum Network Ronin Launches ‘Forge’ Program to Onboard More Games

GameFiJun 6

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…

Upbit to Introduce New Taiko (TAIKO) Trading Pairs!

ExchangesJun 6

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…

A Look into the Decentralized Virtual World

MetaverseJun 6

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…

Polygon’s Moon Girl NFTs top daily sales chart with over US$1.36 million

NFTJun 6

The Moon Girl collection on Polygon led CryptoSlam’s non-fungible tokens (NFT) sales chart on Wednesday with US$1.36 million in daily sales. It was the second consecutive day Moon Girl notched at least US$1 million in sales. The second-ranking collection for the day was Guild of Guardians Avatars on the Immutable network which recorded sales of US$854,586. Bitcoin Puppets claimed the third spot with a total sales volume of US$818,729, dropping from the previous day’s US$1.33 million. Despite the drop, the collection maintained an average price of US$14,363 per NFT. Other notable movements in the NFT market included CryptoPunks and Mutant…

Ethereum ETFs May Have Ended the SEC’s War on Crypto

EthereumJun 6

May’s approval of spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC) was the chef’s kiss on what can only be described as a banner month for crypto policy—and the move could severely undermine the SEC’s ongoing crypto crackdown. As the deadline to approve the Ethereum ETFs loomed, a bipartisan group of House of Representatives members sent a letter to SEC Chair Gary Gensler urging the Commission to not only approve the funds, but to also consider approval of “other” digital asset ETFs in the future. And finally, the SEC finally went public late on that fateful…