Author: Crypto News Live
Leading coins BTC and ETH logged inflows last week. Short BTC and Short ETH, on the other hand, posted outflows. Inflows from digital asset investment products totaled $136 million last week, bringing the third consecutive week of inflows to $470 million, CoinShares found in a new report. According to the digital assets investment firm, the past three weeks of consecutive inflows successfully corrected the preceding nine weeks of outflows, which totaled $423 million. This brought the year-to-date flows to a net positive $231 million. Source: Coinshares Interestingly, despite the inflows logged last week, the period was marked by a decrease…
The fitness app STEPN’s creator, Find Satoshi Lab, recently announced their forthcoming Web3 social game “Gas Hero”. This new venture is slated for release later this year, presenting another example of the increasing integration of blockchain technology into the gaming world.Besides promoting “Gas Hero“, FSL has also disclosed an appealing opportunity for creative gamers. The company plans to distribute about 2 million GMT tokens to individuals who contribute standout avatar creations and designs, referred to as ‘heroes’. GMT, a governance token based on the Solana, is integral to the STEPN platform – exercise dApp, where users earn a utility token…
Join Our Telegram channel to stay up to date on breaking news coverage Waves ($WAVES) has impressed the cryptocurrency market with a remarkable trading volume surpassing $500 million. It has secured notable positions on various platforms, including 2nd rank on the Daily Gainers list on Crypto. It also ranks first place on Gate.io’s daily volume gainers list. Nevertheless, traders hold mixed views on the prospects of Waves. While some remain cautiously optimistic, others highlight clear uncertainties. The coin’s performance and divergent opinions from traders make Waves an intriguing asset to watch in the market. WAVES Achieves Prominence on Multiple Platforms…
A prominent analytics firm says BlackRock’s Bitcoin (BTC) spot exchange-traded fund (ETF) application is pushing US-based entities to accumulate the crypto king. Glassnode notes that the share of Bitcoin supply held and traded by US entities is witnessing a significant rise since BlackRock, the world’s largest investment firm with over $10 trillion in assets under its management, first filed for a BTC ETF last month. No US Bitcoin spot ETF application has ever been approved thus far, despite submissions from Grayscale, VanEck, and Cathie Wood’s ARK Invest, though the U.S. Securities and Exchange Commission (SEC) did greenlight the launch of the first…
LFi envisions a future where decentralized finance becomes the driving force behind the transformation of these conventional systems. The platform is committed to establishing a financial landscape that is open, transparent, and accessible to all through the utilization of blockchain technology. By leveraging the power of decentralized finance, LFi allows users worldwide to access a range of financial tools and applications without relying on intermediaries such as banks or other financial institutions. This decentralized approach paves the way for greater inclusivity and removes barriers that traditionally limit financial opportunities. Here’s what you need to know about the innovative platform. Blockchain…
China Mobile is making significant strides in the metaverse through its alliance with industry giants like Huawei and Xiaomi. Let’s dive in. TL;DR China Mobile’s metaverse alliance with partners like Huawei and Xiaomi drives significant progress in the metaverse network. The primary goal of this alliance is to create metaverse development in China by promoting collaboration among companies. China Mobile has established a member alliance fund to support innovative metaverse projects. They have also invested in research and development of XR content creation. China Mobile’s Metaverse Initiative Big Metaverse Plans For China Mobile China Mobile is making significant strides in…
The move entails the removal of all Ethereum Punks images and the deletion of tweets referencing Ethereum Punks, including the introduction of the Ethscriptions Protocol. Yuga Labs has been a driving force in the non-fungible token (NFT) space. The Ethereum Punks website, which showcased a collection of unique digital art pieces inspired by CryptoPunks, gained considerable attention from the crypto community. However, it appears that Yuga Labs has decided to exert control over the use of their intellectual property. At the request of Yuga Labs, the owner of CryptoPunks, I am taking down the Ethereum Punks website, removing all Ethereum…
Join Our Telegram channel to stay up to date on breaking news coverage Solana (SOL) surged more than 10% during the past week and is up 43% in a month, according to data from CoinMarketCap. Will it power ahead or is it time to consider other buying options? Solana Past and Present Price Action Since June 29 SOL has been trading in the bullish trend. However, in the past 24 hours, it has dropped 1.2% with a strong trading volume. Its price moves from the beginning of this year, 2023, till date July 10, 2023, show that SOL had its…
The Chinese government is considering additional regulations on artificial intelligence (AI) development that emphasize content control and licensing.According to a July 11 report from the Financial Times, the Cyberspace Administration of China (CAC) wants to impose a system requiring local companies to obtain a license before releasing generative AI systems.This move signals a tightening of initial draft regulations released in April, which gave companies 10 working days after the product launch to register it with authorities. The new licensing scheme is expected to be included as a part of forthcoming regulations that are anticipated to be released as early as the…
Bitcoin sees over 550 new addresses as network growth spikes. Bitcoin price has been lackluster but maintained the $30,000 price range. The recent movement of Bitcoin prices triggered various responses across different indicators. One intriguing metric was the observation of new users joining the network, which positively correlated with the price surge in the past few days. – How much are 1,10,100 BTCs worth today New users flock to Bitcoin Bitcoin has been making waves lately, attracting considerable attention and drawing in many users. Recent data from Glassnode revealed a notable surge in new addresses on the Bitcoin network. This…
