Author: Crypto News Live
Source: Adobe / DennisAs the crypto market returns to form this year, so too has demand for liquid staking – especially in the Solana ecosystem. Liquid staking protocols on the so-called “Ethereum Killer” have surged 91% in terms of total value locked (TVL) since the start of 2023, according to The Block Research. Specifically, protocols including Marinade Finance, Lido, Jito, JPool, and Socean cumulatively held $187 million in staked SOL tokens by the end of June, compared to just $98 million worth at the start of the year. This would comprise most of the $270 million currently locked in Solana’s DeFi ecosystem,…
The popular Cardano-powered algorithmic stablecoin Djed ($DJED), which is backed by nearly 40 million $ADA tokens, has lost its peg to the value of the U.S. dollar and is now trading at $1.09 across decentralized exchanges on the Cardano ecosystem. Data shows that the DJED stablecoin has lost its peg after it failed to maintain its reserve ratio between 400% and 800%., as at the time of writing data from the project’s website shows the reserve ratio is at 346%. DJED’s price chart shows that the cryptocurrency hasn’t been able to remain stable around the $1 mark for some time,…
If humanity were to merge with artificial intelligence (AI) in the future, Bitcoin (BTC) could be the currency of choice for sentient machine intelligence, according to Tether’s chief technology officer Paolo Ardoino.Ardoino delved into this hypothetical reality in conversation with Cointelegraph journalist Joseph Hall in an interview during the Plan B Summer School in Lugano, Switzerland.Pick your flag for the team photo! I channelled my inner @RunwithBitcoin @paoloardoino channels his adopted country pic.twitter.com/LN2TBdM84x— Joe Nakamoto (@JoeNakamoto) July 3, 2023 Ardoino believes the decentralized nature of Bitcoin’s protocol makes it the natural choice for AI if it were to adopt a digital currency…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The Fibonacci extension levels presented likely targets for Litecoin in July. The evidence present pointed toward further gains for LTC after the strong breakout past $100. The Litecoin [LTC] halving event is less than a month away. In the past, the price of Litecoin peaked shortly before the date of the halving before beginning to trend downward. Hence LTC bulls must be prepared for such an outcome in the coming months. Read Litecoin’s [LTC] Price Prediction 2023-24 The evidence…
The Puss in Boots Sandbox Experience is now live! Players will be able to explore Little Big Island to win an exclusive NFT. Additionally, Puss in Boots makes an appearance to present players with a quest to help get his hat back. This gameplay is sure to be exciting and full of Easter eggs for players to discover. The Experience takes place on Little Big Island. Credit: The Sandbox. What Is Little Big Island? The island is gorgeous. With ores to mine and trees to log, there is much to accomplish. You may also find yourself wandering through a sandcastle…
Few entities have shaken up the Web3 landscape as much as the NFT marketplace and aggregator Blur has in the last year. In November of 2022, it began to consistently rival OpenSea, the previously undisputed NFT marketplace champion of the past six years. By February 2023, it had left the platform in the dust, outpacing OpenSea by as much as $400,000,000 in weekly trading volume. Blur owes its success to a few things; it addressed a major gap in the market by providing a frictionless way to trade NFTs in large numbers via a no-frills interface featuring tools that appealed…
A section of the Ethereum community proposed the ERC-7265 standard to reduce DeFi exposure to exploits. The approach has raised concerns about certain issues that DeFi is against. As the leading project in Decentralized Finance (DeFi), the Ethereum [ETH] community has taken it upon itself to curb the incessant attacks in the ecosystem. Dubbed as the ERC-7265 or “circuit breaker”, the proposal which appeared on 3 July, has seen a lot of code commits between 4 and 5 July. Read Ethereum’s [ETH] Price Prediction 2023-2024 Time to halt the exploits Pseudonymous developer Diyahir, who led the conversation, noted that the…
The development of the crypto industry has been accompanied by an increase in the number of theft scams and “rug pulls,” both of which continue to be an issue. Notably, malicious actors were responsible for the theft of $313 million from DeFi during the second quarter of 2023, according to the Q2 2023 Web3 Security Report shared with Finbold on July 5 by Web3 security company CertiK. Over one hundred incidents occurred on the BNB Chain, resulting in user losses of roughly $71 million. Ethereum reported approximately 55 events, which resulted in user losses of approximately $66 million. While Avalanche…
As the music industry comes to terms with the rise of artificial intelligence (AI) seeping into productions, the Grammys recently clarified that AI-generated music will be eligible for awards in 2024.On July 4, the CEO and president of the Recording Academy, Harvey Mason, clarified to the AP in an interview that:“AI, or music that contains AI-created elements is absolutely eligible for entry and for consideration for Grammy nomination. Period.”He stressed that the Academy would not give a Grammy or a nomination to the AI portion of the track. For example, if an AI voice model performs lead vocals on the track,…
Bitcoin’s latest prediction placed the peak of the next bull run above $160,000. The S2F timeline for the next rally peak is expected to take place between 2024 and 2025. Many have tried to accurately predict Bitcoin’s [BTC] cycle peaks and bottoms with little to no accuracy. PlanB’s stock to flow model (S2F) is perhaps one of the classic examples of a highly publicized strategy. Read Bitcoin’s [BTC] Price Prediction 2023-24 Unfortunately, PlanB’s S2F model failed to accurately predict the market top in 2021. But could there be a more accurate version of the stock to flow model? Well, CryptoQuant…
