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.

Detained Binance executive reportedly escapes from custody in Nigeria

Nadeem Anjarwalla, a detained Binance executive in Nigeria, reportedly escaped custody after being taken for prayer. On Mar. 22, Nadeem Anjarwalla, a British-Kenyan who is Binance‘s regional manager for Africa, reportedly fled Nigeria after being detained upon arrival in the country as part of an investigation into the exchange. Anjarwalla, who was detained in Nigeria, reportedly departed from Abuja via a Middle Eastern airline following permission to visit a nearby mosque for prayers during Ramadan, according to a report from Premium Times, a Nigerian online newspaper. An immigration official, speaking to the media, claimed Anjarwalla used a Kenyan passport to…

RegulationMar 28

Elixir Games Secures $14 Million in Seed Funding to Forge Global Gaming Ecosystem

Elixir Games, a prominent Web3 gaming distribution platform, has successfully concluded its Seed funding round, amassing $14 million in investments. — This substantial funding boost will drive the company's mission to construct a comprehensive gaming ecosystem set to launch later this year. Additionally, the investment will facilitate the introduction of the $ELIX token, empowering Elixir Games products, and inaugurate the Launchpad & Incubation Program in 2024. The Seed round attracted investments from a diverse array of backers, including Square Enix, the Solana Foundation, and Shima Capital, alongside other private entities. The extension of the funding round welcomed additional investors keen…

GameFiMar 28

What Binance's Exit From Nigeria Means for P2P Bitcoin

Some Nigerians were shocked when crypto exchange Binance announced they would discontinue all services in Nigeria by March 8. Despite facing scrutiny from regulators before the announcement, many people still asked how the biggest exchange in crypto could just disappear from the world’s fastest growing market for bitcoin adoption. I wasn’t shocked because I’ve been predicting this for years. Entrepreneurs in the Global South are under attack and the frontline is a currency war being played out right before our eyes. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the 4th Bitcoin “halving” in…

ExchangesMar 28

Base Blockchain Transactions Jump on Meme Coin Led Frenzy

Crypto traders are capitalizing on the Base blockchain, which has seen a surge in activity and funds locked due to a meme coin-led frenzy for tokens on the network. Base, developed by Coinbase on OP Stack, has experienced a significant increase in transactional activity, unique addresses, and funds locked, with direct access from Coinbase potentially making it the first network used by new retail users. The popularity of meme coins on Base has led to high gas fees and network congestion, with trading bots contributing to the issue. Crypto traders are seeking profit opportunities on the Base blockchain amid a…

BlockchainMar 28

Ethereum reclaims NFT throne with US$17.02 mln in daily sales

Ethereum reclaimed its position as the top-ranking blockchain in the non-fungible tokens (NFT) market on Wednesday, with daily sales reaching US$17.02 million. The platform saw an increase of 39.19% in sales in the 24 hours to 2 p.m. ET, according to data from CryptoSlam. Ethereum’s all-time sales volume rose to US$43.36 billion, which is the highest in the industry. Ethereum dethroned Bitcoin for the top daily sales spot after the latter had held the position for two days. This marks the second consecutive week where Bitcoin led the market on Monday and Tuesday, only to concede the lead to Ethereum…

NFTMar 28

Nigeria Charges Binance With Tax Evasion: Reports

Nigerian authorities have reportedly charged Binance with tax evasion, multiple local news outlets reported Monday. The charges come after a tense few weeks between the exchange and the Nigerian government, which ended with two senior executives of the company being detained by authorities. Local media is also reporting that one of the two executives has "escaped" and possibly left the country. Binance, the world's largest crypto exchange, has been charged with tax evasion by Nigerian authorities as a standoff between the two parties intensified in previous weeks, multiple local media outlets reported Monday, citing a statement from the country's tax…

RegulationMar 27

Where to Buy Bitcoin with the Lowest Fees

Key Takeaways Fees are the silent killer of crypto wealth. They are everywhere, and they eat into your profits. Strategies like choosing low-cost payment methods, trading during low-fee periods, and consolidating transactions can be used to reduce costs. Consider more than just fees when choosing a cryptocurrency exchange. If you’re investing in crypto, there’s a good chance you’re buying bitcoin. However, there’s always a “tax” for directly purchasing bitcoin, in the form of fees. Unfortunately, costs aren’t standard across platforms, so savvy investors will want to shop around to get the best (lowest) fees. Finding a low-fee platform for buying…

ExchangesMar 27

The first email sent on the Solana blockchain

In a revolutionary moment for the world of digital communication, today the first email was successfully sent on the Solana blockchain, marking a historic milestone in the evolution of decentralized communication. By leveraging the innovative SolMail protocol, users can now send and receive emails seamlessly using just a wallet address, ushering in a new era of secure and decentralized communication on the Solana network. SolMail: the protocol that allowed the first email to be sent on the Solana blockchain Efficiency in simplicity: SolMail Conclusions SolMail: the protocol that allowed the first email to be sent on the Solana blockchain Solana,…

BlockchainMar 27

Hopes for Another DeFi Summer Soar as TradFi Markets Suddenly Look Less Appealing

DeFi yields have exceeded yields from conventional investments like U.S. Treasuries, raising hopes for rekindled interest and maybe another DeFi Summer. MakerDAO's DAI Savings Rate provides users with a 15% yield, while riskier corners of DeFi can earn 27% through the likes of Ethena Labs. "The bull market saw prices slowly start going up, and now, two months later, it's completely opposite again, in terms of looking at rates in DeFi and TradFi," one expert said. Decentralized finance, or DeFi, languished in 2023, one of many hardships the cryptocurrency industry faced. Because the Federal Reserve and other central banks were…

DeFiMar 27

Ripple v. SEC case update: Crucial XRP briefing filed

As the cryptocurrency community awaits the final decision in the courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), the agency has submitted its opening brief regarding institutional XRP sales. Indeed, in line with the previously published schedule, the SEC submitted, “under seal, its opening remedies-related brief and supporting documents” on March 22, according to an X post shared by legal expert and popular commentator on the case, James K. Filan, on March 23. According to the defense attorney and former federal prosecutor, these documents “are not public yet” and the regulator will file…

RegulationMar 27