Author: NBTC

Pseudonymous founders with bear-themed names have raised $100 million in funding for Berachain—a layer-1 blockchain built with Cosmos tech. Announced Friday, the Series B funding round was co-led by Brevan Howard Digital, an investment management platform, along with crypto-native VC firm, Framework Ventures. Additional backers include Polychain Capital, Samsung Next, Hack VC, and Hashkey Capital, with angel investors such as Polygon co-founder Sandeep Nailwal and Animoca Brands Chairman Yat Siu. Investors signed a SAFT agreement, which exchanges current funds for future tokens. The move comes just days after Monad Labs announced its own $225 million raise to build a layer-1…

Australia’s market regulator opened civil proceedings against the NGS group of blockchain mining companies. About US$41 million in digital assets invested with the companies by more than 450 Australians has been handed to restructuring specialists. The Australian Securities and Investment Commission alleges the companies broke the law and provided financial services without the appropriate license. An Australian Federal Court agreed to a petition from the nation’s market regulator to hand over approximately US$41 million in digital assets invested by over 450 Australians with the NGS group of blockchain mining companies to three specialists from McGrathNicol, an independent advisory and restructuring…

ETH monetary policy is just like WWE The fighting in pro wrestling is largely fake and the outcomes are mostly pre-determined. But much of the appeal for fans is that they, as a whole, can influence characters and storylines over the course of years — even who holds the World Championship belt. Take Dwayne Johnson, perhaps better known as The Rock. The WWE (then the WWF, back in 1996) first played Johnson as “Rocky Maivia,” combining ring names of his real-life father and grandfather who were wrestling legends in their own right. The Rocky Maivia character was a clean cut…

Warrants are out for the arrest of the co-founders of KuCoin with the multi-count criminal indictment providing a spectacular bookend to the story of the world’s once-fourth largest crypto exchange. But where did it all go wrong and how did KuCoin even start in the first place? The story of KuCoin starts not at its September 2017 founding or its 50% pre-mined ICO, but where everyone knew it would end: the US Attorney’s office in the Southern District of New York. Despite KuCoin’s repeated claims that it never served nor advertised to US residents, like all similar claims by numerous…

MoonPay is delighted to announce a new strategic cooperation agreement with Base, a layer two solution, and a project incubated by Coinbase. Its mission is to improve the digital payments ecosystem on Base. Users and developers should enjoy a seamless, safe, and dependable purchasing experience as a result of this coordination, which is expected to transform the way traditional markets—like OpenSea, the top peer-to-peer NFT marketplace in the world—handle transactions. A plethora of benefits targeted at lessening the stress of obtaining digital artifacts are brought about by the integration of MoonPay Checkout into the Base ecosystem, which significantly improved user…

The buzz around tokenizing real-world assets (RWA) is reaching new heights, especially with the recent entry of Blackrock into the arena. VeChainThor, a stalwart in the blockchain space, stands out as a beacon of success in this realm. Partnering with giants like Walmart, BMW, and PwC, VeChain has been at the forefront of delivering tangible blockchain solutions. Now, they’re taking their expertise to the octagon.—VeChain’s collaboration with the UFC goes beyond marketing. What started as a visibility boost in 2022 has blossomed into a full-blown technological integration. Enter UFC300: the stage for unveiling fighter gloves embedded with VeChain-powered NFC-chip blockchain…

In a significant development for Ripple and the broader cryptocurrency industry, the Second Circuit Court of Appeals has refused to reconsider its decision in the case of the SEC v. Govil, marking a continued series of losses for the U.S. Securities and Exchange Commission (SEC). Stuart Alderoty, Ripple’s Chief Legal Officer, highlights the SEC’s run of defeats following the recent blow. Alderoty underlines the significance of the most recent court ruling, which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller. This viewpoint might be particularly relevant to Ripple’s lawsuit,…

The “Blobs” introduced in Ethereum’s recent Dencun update made layer-2 (L2) blockchains boost the network scalability by over 11 times, according to a report by Brazilian digital bank Inter. Blobs are spaces within Ethereum blocks dedicated to receiving data from L2 chains, such as Arbitrum, Optimism, and Base. Ethereum’s L2 boost in scalability surpassed 1.000% since Dencun update Transactions per second (TPS) evolution over time. Image: Inter The report mentions a significant growth in Base’s transactions per second (TPS) count, which reached 300 to 400 TPS since Dencun. On average, L2 networks registered an average of 156.12 TPS since March…

Crypto trading volume surpassed $5.3 trillion in 2024’s first quarter, according to data from DefiLlama and The Block. Centralized exchanges (CEX) saw $4.8 trillion in volume in the period, while decentralized exchanges (DEX) amassed $523 billion. The CEX sector grew by 96% between quarters, while decentralized platforms captured 76.5% more volume. March was the best month in the quarter for centralized and decentralized exchanges, with $2.5 trillion and $264.3 billion in trading volumes respectively. When compared to the same period in 2023, DEX volumes are 82.5% up in trading volume, with CEX right behind with an 81% rise. Binance’s dominance…

Amidst growing concerns about national security and infrastructure vulnerabilities, China’s role in the cryptocurrency sphere has become a focal point of discussion. Historically, the U.S. has taken firm actions against perceived threats from Chinese technology companies such as Huawei and TikTok. The stakes are higher with cryptocurrencies, as Bitcoin mining operations could potentially serve as a hardware layer that’s deeply integrated into critical U.S. systems, including energy and telecommunications infrastructures. Chinese Firms Control ASIC Markets Bitcoin mining, the process of introducing new coins into circulation and securing the network, relies heavily on sophisticated computing systems. These systems require high-performance semiconductors…