Author: NBTC

The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South Korean Gaming Firm’s Token Booming WeMade began its ambitious crypto pivot back in 2018, first spinning off a dedicated blockchain gaming affiliate and then later reincorporating it. Its flagship project is arguably the WEMIX coin and platform. Despite a controversial domestic delisting decision in late 2022, WEMIX is now enjoying its day in the sun. On…

The BlackRock iShares Bitcoin ETF (IBIT) gobbled up over $778 million worth of bitcoin (BTC) on Tuesday as the fund’s investors apparently bought the dip in the world’s largest crypto. IBIT added 12,600 bitcoin, breaking previous daily highs of around 10,000. Data from Nasdaq show that the fund recorded trading volumes of more than 107 million shares, or over $3.6 billion price-weighted, surpassing the previous record high of $3.3 billion from last week. The big inflows came as bitcoin early Tuesday shot to a new all-time high of $69,000 only to sharply reverse within minutes. The price tumbled more than…

K Bank, a South Korean neobank that has seen rapid growth thanks laregely to its crypto operations, is set to make an initial public offering (IPO) bid. Unnamed financial sector officials said on March 10 that K Bank’s board of directors has signed off on the move. The goal bank now reportedly has the “goal of listing on the South Korean KOSPI stock market within the year.” K Bank – A South Korean Crypto Success Story? Per the news outlet Viva100, the firm is banking on “expected benefits” from a “recent increase in interest in Bitcoin” among crypto-keen South Korean…

In a recent tweet, Shiba Inu announced the upcoming debut of Shib Name Service (SNS), which is expected today. The long-awaited early access to Shib name tokens has finally arrived, stirring excitement within the Shiba Inu community. Shiba Inu announced the release of version 1.1 of the Shib Name Service (SNS) in a tweet on March 4. In preparation for the epic event, transfers of current name tokens were suspended for two hours on March 4 to capture a snapshot that will be utilized to airdrop the updated new Shib names in partnership with D3 Inc. 📣 Attention #SHIBARMYThe 1.1…

In a move aimed at bolstering ties with law enforcement in handling crypto-related crimes, Binance conducted a virtual assets law enforcement workshop for the officers of the Keelung District Prosecutors Office in Taiwan. The event, announced on March 13, reflects Binance’s ongoing efforts to enhance safety within the web3 ecosystem and establish a more secure environment for users. The company’s commitment to adhering to anti-money laundering (AML) regulations was underscored by its application for registration under Taiwan’s Financial Supervisory Commission (FSC) and Money Laundering Control Act. The move, reported on Aug. 11, signifies Binance’s intention to expand its operations into…

TODAY is all set to team up with the AI gaming alliance to further research-related activities and unleash the power of AI gaming on the whole. The alliance includes big-time players from diverse fields, such as infrastructure, gaming, and AI projects. On the part of TODAY is a social simulation game that is the brainchild of a team of Oscar winners and some former professionals from companies such as Nintendo, SEGA, Epic Games, and Unity. TODAY’s exceptional exposure to conventional gaming, advanced production abilities, and continuous building of generative AI technology will all be at the disposal of the alliance.…

According to crypto data research provider Kaiko, Bitcoin’s rise to all-time highs has brought it to a major milestone in its trading volume, which has reached its highest level since 2021. #Bitcoin trade volume crossed $46 billion yesterday, its highest level since 2021. pic.twitter.com/YXIEwZgI5S — Kaiko (@KaikoData) March 6, 2024 Per Kaiko, Bitcoin trade volume crossed $46 billion on March 5, its highest level since 2021. Wu blockchain, citing Kaiko data, gives a breakdown of this milestone: the overall spot trading volume of BTC across all centralized exchanges (CEXes) surpassed $46.25 billion on March 5, its highest level since 2021.…

Major Russian companies will be forced to accept digital ruble payments as of October 2026, a new report has claimed. Per the news agency Interfax, smaller firms will likely have to follow suit and accept the CBDC by October 2027. Major Russian Companies Obliged to Accept Digital Ruble? Interfax said a “source familiar with the situation” confirmed that government and Central Bank officials want to amend the nation’s law “on the protection of consumer rights.” The source also claimed that the first batch of firms would comprise vendors (including data and service providers) with an annual revenue of above $330,000.…

The most important stablecoin, Tether, has officially breached the symbolically important barrier of a $100 billion market capitalization. It’s now nearly four times the size of its next competitor, USDC, and much larger than historically important funds like the $65 billion Reserve Primary Fund, which infamously broke the buck during the financial crisis. Throughout Tether’s near-decade-long ascendancy, it’s grown and matured from a firm that promised that USDT was “always backed 1-to-1, by traditional currency held in our reserves” and “subject to frequent professional audits” to a firm that now holds billions in yield-generating reserves that have never been audited.…

The head of India’s markets regulator says instant settlements are required to compete with crypto. Investors are likely to move to crypto if traditional markets “cannot offer tokenization and instantaneous settlement,” SEBI’s Madhabi Puri Buch said. The chairperson of India’s markets regulator has warned that if regulated markets don’t offer instant settlement, investors will move to spaces like crypto. Settlement refers to the final step in payments and securities trade. Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), announced plans to introduce faster settlements on Monday. India is planning to introduce a same-day settlement cycle…