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Author: 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.

Why is Crypto Gaming Failing, and How to Fix It?

The mainstream opinion says that crypto will change gaming forever, and GameFi will bring a billion users to Web3. But the reality is harsher; still, there is no genuinely mainstream Web3 game where users come to play, not to make money, and stay for a while. Let’s break down why this is the case and how soon that will change. Key takeaways: Play-2-Earn games are popular among users, who essentially view these games as a form of labor today, not as an entertainment. This leads to failures in the long run. The core user base of all balanced and sustainable…

GameFi

Robinhood Unveils Game-Changing Credit Card with 3% Cashback

Earlieer today, Robinhood’s co-founder and CEO, Vlad Tenev, appeared on CNBC’s ‘Squawk Box’ to unveil the company’s first credit card alongside a redesigned brokerage app, aiming to expand Robinhood’s financial services. Tenev expressed his vision for Robinhood to become a central hub for its customers’ financial transactions and asset custody, highlighting the credit card as a step towards realizing this vision. Robinhood is a financial services company that revolutionized the investment landscape by offering commission-free trading of stocks, ETFs, options, and cryptocurrencies. Their user-friendly mobile app made investing accessible to a younger generation of traders, disrupting the traditional brokerage model.…

Exchanges

AMC forgot about NFTs

There was a brief period where the movie theater and gold mining conglomerate AMC participated in the then-trendy NFT market, releasing several different collections tied in with various movies or the concept of stock ownership. Twelve collections were initially released over 306 days, however, it’s been 527 days since the last one listed on the AMC website’s NFT page was released. Back in this heady era, AMC proudly mentioned NFTs in its financial filings, and even claimed that it would “continue to implement innovative NFT offers to further engage and build loyalty with our guests.” The first NFT launch —…

NFT

Zeta Markets Pioneers Community-Driven Approach with Innovative Referral Program and Governance Token Staking

In a significant stride towards a decentralized future, Zeta Markets, known for its cutting-edge onchain trading protocol, has announced the launch of its new initiative aimed at transitioning into a community-driven protocol. This move is underscored by the platform’s impressive achievement of nearly $3 billion in cumulative trading volume and a burgeoning community of over 70,000 monthly active traders. At the heart of Zeta Markets is the Z-Score, a unique metric designed to reward traders based on their activity. The introduction of Z-Passes has further enhanced this system, allowing traders to amplify their rewards during competitive trading seasons. This gamified…

Altcoins

Do Kwon Released From Montenegro Prison With Extradition Verdict Still Underway: Report

Terraform Labs co-founder Do Kwon was released from prison in Montenegro on Saturday as the Supreme Court deliberates on extradition requests from the U.S. and South Korea, according to a Bloomberg report citing prison officials. Kwon’s recent ruling mandating his extradition to South Korea is being challenged by Montenegro’s top prosecutor. Last week it emerged theSupreme State Prosecutor’s Office in Montenegro is escalating the case to the Supreme Court for review claiming errors were made. Do Kwon was arrested in Montenegro in March 2023 after being caught using a fake Costa Rican passport traveling to Dubai, United Arab Emirates. “We…

Regulation

Solana Shooter 'Nyan Heroes' Teams With G2 for Esports Push

Nyan Heroes, a Solana-based hero shooter game that just launched its pre-alpha demo on the Epic Games Store on Tuesday, announced a collaboration with G2 Esports on Wednesday to stake its claim in the esports realm and connect with fans. 9 Lives Interactive, the studio behind Nyan Heroes, told Decrypt’s GG that G2 Esports will help support the game through social media promotion and that its players and influencers will play and stream the game via their respective channels. Furthermore, the studio plans to hold show matches between prominent esports team organizations to showcase the game. The pre-alpha game, featuring…

GameFi

KuCoin announces $10 million airdrop in Bitcoin and its native token amid legal woes

Crypto exchange KuCoin will launch a special $10 million airdrop in Bitcoin and KuCoin tokens for users experiencing withdrawal delays, said Johnny Lyu, CEO of KuCoin, in a recent post on X. This decision came after the exchange was hit by new charges from the US Department of Justice (DOJ) on Tuesday. Thanks for standing by and trusting KuCoin during this time. It means a lot to us. With great gratitude, we'll launch a special $10M airdrop in $KCS & $BTC to the users who experienced longer-than-expected wait times during the withdrawal process in the past 2 days. Details… —…

Exchanges

Israel completes blockchain-based bond tokenization pilot

The Israeli government has published a report on its government bond tokenization pilot, listing accessibility, transparency, and enhanced security as benefits of leveraging blockchain in bond issuance. In May 2023, the Israeli Ministry of Finance launched a proof-of-concept (PoC) under which it issued a dummy government bond on blockchain. Known as Project Eden, the pilot was in partnership with the Tel Aviv Stock Exchange (TASE), Israel’s primary bourse; global giants like JP Morgan (NASDAQ: JPM) and BNP Paribas (NASDAQ: BNPQF) and local lenders also participated. The ministry recently published a report on the PoC, detailing how blockchain transformed government bond…

Blockchain

FrxETHRedemptionTicket leads NFT sales surge

FrxETHRedemptionTicket, an Ethereum-based NFT collection, has emerged as the top performer in the non-fungible token market over the past 24 hours, with sales reaching US$4.64 million, marking a 480% increase. This sales boost helped propel Ethereum to the top of the day’s blockchain rankings, CryptoSlam data shows. Ethereum collections dominated the charts on Wednesday, as three collections claimed the top three spots. Ethereum’s Azuki collection experienced a 263% increase in sales, amounting to US$1.54 million, the second most in the market, with transactions up by 2.67%. Azuki is the NFT market’s eighth all-time sales leader with US$1.1 billion Bored Ape…

NFT

Reddit altcoins that could reach the Moon this week!

New-age investors are progressively migrating to Reddit-based altcoins in an effort to capitalize on potential profits in the cryptocurrency scene as the crypto market gains more global attention in the aftermath of recent events that have sparked anticipation of Bitcoin’s halving. Three cryptocurrency tokens are making headlines online due to their theoretical capability of transporting one to the moon. Whether you are a novice or an expert in cryptocurrencies, these tokens will experience a substantial run this month. Reddit has already diminished its valuation expectations since its private fundraising round initiated in 2021, during which it was valued at $10…

Altcoins