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.

Gaming needs tokenization

Imagine spending countless hours upgrading your race car in your favorite game, fine-tuning every detail and unlocking new features as you play to make it both beautiful and blazingly fast…only to lose it forever when you stop playing the game. What if you could truly own and monetize your in-game creations? Enter the world of tokenized user-generated content (UGC). Throughout history, humans have prized self-expression and individuality. And in the gaming sphere, this desire has reached new heights with the rise of UGC. Games like Roblox and Minecraft — which average hundreds of millions of players monthly — have revolutionized…

GameFiMay 5

Bitcoin ETFs Bleed Badly as Skittish Investors Cash Out $218 Million

The months-long torrent of cash flowing into new Bitcoin exchange-traded funds (ETFs) has finally stalled. Investors pulled nearly $218 million out of the products yesterday, according to data from London-based investment firm Farside Investors. The substantial cash out comes after a key federal economic report indicated that the American economy grew slower than expected in the first quarter. The metrics likely mean that the Federal Reserve won’t slash interest rates anytime soon, after raising them to a 23-year high to battle inflation. If interest rates remain high, investors typically steer clear of “risk-on” assets like Bitcoin. Back in January, the…

BitcoinMay 5

Moonbirds Copyright Controversy Exposes Flaws in Crypto's IP Obsession

It’s not much of a secret: When NFTs broke out as a coherent asset class in 2021, their value proposition was, chiefly, rampant speculation. Since then, NFT projects have spent untold millions attempting to pivot their brands towards more serious-sounding, sustainable futures; most opted to go all-in on the ephemeral, provocative concept of intellectual property, or IP. It has never been resolved, however, what exactly IP means in such a context, nor to what extent NFT projects can bestow IP rights onto their holders. Those unanswered questions bubbled back to the surface this week, when Yuga Labs—the multi-billion dollar company…

NFTMay 5

Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes Live

Mantle's market value rose to over $4 billion. The layer 2 blockchain said users can lock their MNT into a vault and accumulate rewards. Mantle, the layer 2 scalability solution built atop Ethereum, witnessed its native token surge to a fresh all-time high on Wednesday, pushing its market value to over $4 billion, outperforming the rest of the market. MNT jumped to a high of $1.45 from a 24-hour low of $0.90. Mantle announced on X (formerly Twitter) that its ‘Mantle Rewards Station’ is now live. This means that users can connect their wallets and lock their MNT into a…

AltcoinsMay 5

How AI can help level the playing field between web3 and traditional gaming

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Web3 gaming has always been a polarizing feature within the blockchain space—a polarizing industry in its own right. Its rise and fall, in many ways, mirrored the broader crypto industry’s transition from boom to bust between 2021 and 2022. But as crypto demonstrates steady growth and defi gains further traction, few expected web3 gaming would be more than an insignificant niche sector. You might also like: How can blockchain projects give each other a helping hand? |…

GameFiMay 5

$78 Million Worth of Bitcoin Deposited to Kraken by Major Whale as BTC Plunges

According to data provided by crypto analytics platform Lookonchain, a cryptocurrency whale deposited $77.7 million into Kraken, one of the leading cryptocurrency exchanges, a few hours ago. The whale in question had accumulated $1.7 billion at an average price of $68,051 over the period from March 1 to Apr. 15. The price of the largest cryptocurrency is down 1.3% over the past 24 hours, according to data provided by CoinGecko. A correction on the cards? Recent CryptoQuant data shows that exchange inflows from Bitcoin whales have reached the highest level in five months. This shows that large holders are eager…

BitcoinMay 5

NFT Market Sees Over 30% Decline in Weekly Sales

From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin and Ether Lead in Volatile NFT Market; Weekly Sales Down 30% This week, cryptoslam.io data shows NFT sales have dipped over 30%, accumulating approximately $164.4 million. Conversely, the number of NFT buyers rose by 37.17%, and sellers increased by 31.1%. Among 22 distinct blockchain networks, BTC-centric NFT transactions led with earnings of $56.81 million. Ethereum-NFT transactions…

NFTMay 5

SUI Network Surpasses $700 Million TVL Within 1 Year of Mainnet Launch

Sui Network has achieved a new milestone today reaching a whopping $700M in Total value Locked. The most astonishing thing about this milestone is that Sui has done thin in less than a year from the launch of its mainnet. Sui has achieved this milestone with continuous development. Recently, Sui was declared the 2024 Blockchain Solution during the AIBC Eurasia awards. 📢BREAKING: Sui has surpassed $700,000,000 in Total Value Locked (TVL), achieving this momentous milestone in under 11 months since Mainnet launch. Data via @blockvisionhq's https://t.co/RS6qLQSJ8Q. pic.twitter.com/xUSxkaVGpv — Sui (@SuiNetwork) March 27, 2024 $SUI Witnesses 31% Price Growth in March…

AltcoinsMay 5

Why Is The Bitcoin Price Not Soaring? What’s Needed for a Rise? Analyst Says What to Watch

According to research firm Wolfe Research, Bitcoin is struggling to break the $70,000 mark and is exhibiting similar behavior to small-cap stocks. Rob Ginsberg of Wolfe Research emphasized in a recent note that Bitcoin has failed to overcome the stubborn resistance level. Ginsberg pointed out that the Bitcoin price stalled at the same $70,000 level in 2021, falling nearly 50% from its peak over the next three months. However, it managed to reach an all-time high later that year. Drawing a parallel between Bitcoin and small-cap companies, he said, “The two have traded quite closely for years. Rising interest rates…

BitcoinMay 5

Viral ‘Cardano Girls’ Video Sparks Conversation About The Project

Cardano (ADA) has received plenty of criticism over the years, whether it’s ADA’s price performance, its founder’s personality, or its community’s “beef” with Solana. This time, the project’s marketing team made the headlines after a viral video of female Cardano users became viral on social media. The ‘Cardano Girls’ video has sparked a conversation about the project’s efforts to reach a broader audience. A Breath Of Fresh Air In The Community The ‘Cardano Girls’ video was uploaded by Lily Brodi, a content creator and Cardano user, and went viral in hours. The video recreated a popular social media trend of…

AltcoinsMay 5