Author: Crypto News Live
A Canadian crypto exchange backed by one of the stars of the hit TV show Shark Tank is closing in on a merger that will create the largest crypto trading platform in Canada. Kevin O’Leary, aka Mr. Wonderful, a long-time crypto supporter, is backing Wonderfi, a Canadian exchange that is merging with other major Canadian crypto exchanges CoinSmart Financial and Coinsquare. Says O’Leary of the merger, “The world has gone through trauma in crypto. And regulators all around the world now are scrutinizing rogue platforms, rogue broker exchanges, rogue dealers. The amount of investigation occurring everywhere else makes it almost uninvestable. Except…
The first half of 2023 has been challenging for Cardano (ADA) as the network failed to capture investors’ attention despite ongoing ecosystem development and a promising forecast for ADA’s price. Compounded by the Securities and Exchange Commission (SEC) labeling ADA as an unregistered security, the price experienced a significant loss in its bullish momentum, leaving it struggling to recover from the bearish impact. However, ADA’s latest upward correction has sparked bullish promises of a breakout above $0.3. Cardano’s Growth is on a Declining PathCardano’s development activity saw a significant decline, according to Santiment’s chart, indicating a negative signal for the blockchain.…
Soufiane Oulahyane, a Moroccan national, has been indicted by the United States Attorney for the Southern District of New York for allegedly creating an OpenSea lookalike to obtain unauthorized access to cryptocurrency and NFTs. The charges revolve around a scheme known as “spoofing,” a form of fraud where the perpetrator creates a lookalike of a trusted website to steal user credentials. According to the indictment, Oulahyane meticulously crafted a fraudulent copy of the popular NFT marketplace, then used paid advertisements to make his sham site appear first in search results for “OpenSea.” When the user entered their login information on…
Key points: 🚨BLEND ANNOUNCEMENT🚨Blur Lending (Blend) support is now live for Azuki Elementals and Elemental Beans. Both collections will be eligible for trait bidding points. pic.twitter.com/0FVDmEC3Gm — Blur (@blur_io) July 10, 2023 Users share that the 0.5% royalty fee will keep the market participants more honest, but with Blend, this fee is not lost, this makes the participants dump, leading to the remaining ones not receiving opportunity costs, ultimately inefficient and losing trades. That can worsen the current price reduction trend of new collections in Azuki’s ecosystem. Centralized Royalty Filters: The way to keep NFT secondary royalties & stop aggressive…
Ethereum observed a spike in revenue over the last quarter. However, NFT volumes surged as floor prices for blue chip NFTs fell. Despite experiencing volatility in the past year, the Ethereum [ETH] network witnessed a growth in recent months. The introduction of the Shapella upgrade, which facilitated staking withdrawals from the beacon chain, has further stimulated interest in the protocol. Realistic or not, here’s ETH’s market cap in BTC’s terms How did Ethereum perform in Q2? One area where Ethereum witnessed the most amount of growth was revenue. Based on Ethereum’s income statement, there was a substantial increase of 56%…
Star Atlas continues to surge forward with continued updates to their ecosystem. Their latest announcement brings the first step of player governance to the game with the very first DAO Proposal! Player governance, a long-time selling point for many a web3 game, is really starting to become more prominent this year. From Splinterlands to Alien Worlds to Uplift World, many games are putting their player DAO plans into action! Star Atlas is the latest to join the club with the first of their Polis Improvement Proposals, or PIPs for short. Anyone with voting power is considered a member of the…
Join Our Telegram channel to stay up to date on breaking news coverage Rollbit Coin (RLB) is the intrinsic token of Rollbit, a blockchain-powered casino and exchange platform. RLB’s market capitalization has soared to $200M in only 11 days. This followed the migration of RLB to Ethereum (ETH) and the introduction of the Lottery Jackpot. However, subsequent profit-taking by whales and other investors triggered a decline in the coin’s value and market cap. Fortunately, Rollbit’s recent announcement of fee reductions and discounts has revitalized RLB, allowing it to regain its lost momentum. Notably, RLB currently stands as the leading gainer…
On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store.Galen Moore, Axelar’s spokesperson, told Cointelegraph that the initiative would enable Axelar to reach tens of thousands of companies that use Azure, Microsoft’s cloud service. “This has tremendous potential for products that integrate established internet technology with public blockchains in ways that are meaningful for users,” Moore stated. In the marketplace, developers will have access to tools via the AxelarJS software development…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The price action of Ethereum in the past three weeks showed large volatility and no clear trend. The psychological level at $1900 was retested as resistance in recent hours. Ethereum [ETH] showed some conflicting signs on the higher timeframe charts. The asset has been on an uptrend in 2023 after the move above $1350, but the trend shifted bearishly in mid-April. Read Ethereum’s [ETH] Price Prediction 2023-24 On 16 June, ETH dropped as low as $1626 before rallying to…
TL;DROn Web3 social platforms, users are able to take their followers with them between platforms and apps. Which means it will only take one compelling/widely used Web3 social app to make the entire space explode!Once there’s a significant amount of users on one app – independent developers can do what Zuck just did with Instagram and Threads!I.e. they can create an app that promises users the ability to port all of their followers (and content) between platforms.Which means the hyper-growth tactic that made Threads the fastest adopted consumer product in history (outpacing TikTok and ChatGPT) will be available to everyone.Full…
