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 Firm Illuvium Raises $12M Funding Led by King River Capital, Arrington and Animoca

Web3 gaming firm Illuvium has raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures. The funding will be used to develop new games within the Illuvium ecosystem as the firm gears up for its second quarter 2024 gaming releases. 🤝Series A Funding Raise Closed 🎉 We’ve successfully closed our Series A funding, raising $12M from top industry firms! This allows us to expand our game offerings and build on our player experiences. We want to thank our investors: – @Arrington_Cap – @KingRiverVC…

GameFiMar 27

Bitlayer announces partnership with Polyhedra

Bitlayer has announced a partnership with Polyhedra, calling it groundbreaking as it enables both of them to set a new standard for Bitcoin L2 solutions. The objective of the partnership is to create a superior Bitcoin layer solution by utilizing Polyhedra’s innovative ZK proof method. More information about the partnership is expected to be rolled out in the coming days. Polyhedra Network has confirmed the announcement by expressing their excitement about the partnership. The team has stated that it is looking forward to working with the first Bitcoin security-equivalent L1 based on BitEVM. The Network has also said that they…

BlockchainMar 27

Here's Why Approval Odds Slump to 25%

The broader crypto ecosystem is anxious to discover whether or not the United States Securities and Exchange Commission (SEC) will greenlight spot Ethereum Exchange Traded Fund (ETF) products, considering barely a month remains to the final deadline of VanEck’s application. As noted by Bloomberg ETF Analyst Eric Balchunas, the approval odds have now dropped to a "pessimistic 25%." No applicant-SEC communication According to the market analyst, the communication between the SEC and prospective applicants has been largely nonexistent. Pointing out the lack of engagement and purposeful procrastination, Eric Balchunas noted that the signs are not good. He said there is…

EthereumMar 27

Schwartz Says Ripple Could Sell XRP on Exchanges If It Wanted to Hide XRP Sales

David Schwartz, the Ripple CTO, recently debunked claims Ripple was looking to conceal its sales of XRP from the public, stressing they could easily do that on exchanges if they wanted. Schwartz disclosed this while speaking on X amid discussions surrounding the state of the XRP Ledger. Notably, a community member blamed Ripple for allowing the XRP Ledger to metamorphose into an ecosystem with no financial or on-chain support for infrastructure providers. These comments came on the back of plans from XPUNKS, an XRPL-based NFT project, to pivot to the Solana blockchain. The team behind the Onledger project supported the…

AltcoinsMar 27

British Man Who Lost 7,500 BTC Sues for Right to Search Council Landfill

A British computer expert, who inadvertently misplaced a hard drive containing 7,500 bitcoins, has initiated a legal action to compel the Newport City Council to permit him to search through the landfill where the storage device is believed to be buried. Anticipating a further increase in the value of the cryptocurrency, the expert said he only wants to be given the chance to find the lost coins. Hedge Fund Investors Support Howells James Howells, a British computer expert whose ex-partner accidentally discarded a drive containing 7,500 bitcoins (BTC), has initiated a legal action to compel Newport City Council to permit…

RegulationMar 27

Ethereum Game 'Illuvium' Teases Airdrop, Q2 Release Amid $12 Million Raise

Illuvium Labs, the gaming studio behind the anticipated blockchain gaming universe Illuvium, announced this week that it has raised $12 million in Series A funding as it gears up for the launch of its interconnected game titles in Q2 2024. The fresh capital injection was co-led by King River Capital, Arrington Capital, Animoca Brands, and The Spartan Group, with participation by investors including Arca, Polygon Ventures, 32-Bit Ventures, and Yield Guild Games. The Illuvium gaming universe spans three core game experiences: monster-battler Illuvium Arena, open-world action/adventure game Illuvium Overworld, and base-building game Illuvium Zero. They’re collectively built around interoperable assets…

GameFiMar 27

Ankr unveils Neura blockchain with an aim to revolutionize AI, Cloud Computing, and Web3

Have you ever wondered what a marriage between AI, Web3, and Cloud computing would look like? Well, wonder no more. Ankr is set to show the crypto community what this experience would look like with their Neura blockchain launch. In a press release shared with Cryptopolitan, it’s clear that the new tool available to the crypto community will revolutionize modern technology as we know it. Ankr’s Neura blockchain – all you need to know Ankr, a leading blockchain infrastructure provider, is set to launch Neura, a groundbreaking blockchain platform designed to transform several sectors, including AI, Cloud Computing, and Web3.…

BlockchainMar 27

BitMEX Founder Arthur Hayes Says Ethereum Will Catch a ‘Big Bid’ Amid ETF Hype – Here’s His Outlook

The co-founder of the BitMEX crypto derivatives exchange Arthur Hayes is offering his prediction on Ethereum (ETH) less than three months after the approval and subsequent listing of spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new The Wolf of All Streets interview, Hayes says he expects demand for Ethereum to pick up, especially if the U.S. Securities and Exchange Commission (SEC) greenlights applications for spot ETH ETFs. “I think ETH is going to catch a really big bid, especially if these ETFs are going to pass. And why do I think the ETFs on ETH and Solana and all…

EthereumMar 27

Arbitrum holder seeks 450k ARB to take over r/Cryptocurrency subreddit

An Arbitrum token holder has unveiled a new grant proposal to take over the renowned r/Cryptocurrency subreddit, which would cost the community nearly $788,000. An Arbitrum community memeber MeLLoN98 started a grant proposal to secure 450,000 ARB (around $788,000 as of press time) in funding to acquire the r/Cryptocurrency subreddit and culminating in the acquisition of MOONs, the subreddit’s native governance token deployed by Reddit in 2022 on Arbitrum Nova. In a forum post, MeLLoN98 outlined a plan starting with advertising initiatives on the subreddit, emphasizing that r/Cryptocurrency has been “the biggest crypto community since 2013.” “[…] this proposal allow…

AltcoinsMar 27

Key Details from $2 Billion Motion for Remedies

The U.S. Securities and Exchange Commission has requested various forms of relief, including injunctive relief, disgorgement of profits, and civil penalties. They argue that such actions are necessary to deter Ripple and others from similar violations in the future. Moreover, this would compensate for the harm caused to investors and the markets. "To deter Ripple and others from additional violations of the securities laws, to deprive Ripple of its ill-gotten gains, and in recognition of the harm caused to the markets, the SEC asks this Court to issue a final judgment providing for the relief set forth above and herein,"…

RegulationMar 27