Author: Crypto News Live

On 3 July 2023, Input Output Global (IOG), the technology firm behind the development of the Cardano protocol, highlighted the transformative role of Web3 wallets on Cardano in fostering economic growth and enhancing financial health in emerging markets. Over a series of tweets, IOG explains that Web3, also known as the decentralized web, marks a shift from the centralized control of Web2 to a more distributed, user-centric digital environment. This new landscape, built on blockchain technology, encompasses decentralized applications (DApps), decentralized finance (DeFi), and digital identity solutions, all of which empower users and promote inclusion. The firm outlines key features…

Hut 8 Mining is seeing new demand for artificial intelligence (AI) and high-performance computing as it looks to reenergize some 6,400 rigs being moved from its inactive North Bay site in Ontario, Canada.As previously reported, Hut 8 is in an ongoing legal battle with its third-party energy supplier Validus Power over alleged failure to meet contractual obligations. Operations at the mining facility have been suspended since November 2022.Hut 8 declined to comment on court case proceedings in correspondence with Cointelegraph, but it confirmed that 6,400 miners are being moved to Texas as the company looks to bring its idle equipment…

A closely followed crypto strategist believes the stage is set for Bitcoin (BTC) to go on a parabolic advance. Pseudonymous analyst Credible Crypto tells his 341,900 Twitter followers that Bitcoin’s bull market is likely underway after BTC successfully retested $25,000 as support. According to the trader, Bitcoin looks poised to print monster moves in the high timeframe as he expects bullish momentum to exponentially increase in the coming months. Credible Crypto uses BTC’s 2020 bull market as an example, a period when Bitcoin generated monster rallies for six straight months. “For example, on our last impulse ($10,000-$60,000) the monthly candles…

24-hour and 7-day SHIB burn rates have been declining lately SHIB’s 30-day MVRV has, however, seen a 5% hike on the back of memecoin’s uptrend Shiba Inu’s (SHIB) burn rate dropped recently. However, there’s an exciting twist to this situation: Short-term holders are recording an appreciation in the value of their holdings. – Read Shiba Inu (SHIB) Price Prediction 2023-24 Not burning quite as well? Recent statistics from Shibburn revealed a decline in the burn rate of Shiba Inu (SHIB) over the past 24 hours and seven days. Over the last 24 hours, over 12 million SHIB tokens were burned.…

Visual artist Amber Parks shines new light on the digital fashion world with “PLAY! POP! GO!”— a direct-to-consumer art, fashion, and lifestyle omniverse. This innovative new project combines street fashion with the “phygital” world to bring holders unique fashion experiences. It also integrates the Chainlink Verifiable Random Function (VRF) on Ethereum to distribute traits for its avatars in a fair, secure, and reliable manner. Learn more about Play! Pop! Go! and the new trends it aims to set in the metaverse fashion industry. Amber Park’s Play! Pop! Go!: All You Need to Know PLAY! POP! GO! is a metaverse project…

Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s becoming increasingly difficult to keep up with all the news, launches, and general happenings. Well, you can put the days of endless Twitter and Discord scrolling behind you as we pull together a weekly list of upcoming NFT drops you definitely don’t want to miss.…

The beginning of the disappointment that the NFT blue chip project brought Azuki, one of the most solid blue-chip projects in the NFT bear market, announced the debut of a new series of Azuki Elementals, which piqued the interest of many investors, and the animated promotional video, which lasted more than one minute, exceeded expectations. The Azuki Elementals are the third addition to Azuki’s rapidly growing cosmos, after Azuki’s genesis collection and Beanz. Elementals are made up of 20,000 NFTs and span four distinct domains (Lightning, Earth, Water, and Fire). At the project’s recent Vegas event, the first 10,000 Azuki…

By Lisa Seacat DeLuca (lisa.x), Senior Director of Engineering and ProductWe’re thrilled to announce the appointment of Aaron Quirk as Principal Engineer at Unstoppable Domains! Aaron’s technical expertise and proven leadership capabilities will be instrumental in leading our engineering team into the future. In his expanded role, Aaron will provide technical guidance and impart his wisdom to our broader engineering team. His 16+ years of operational and development experience in mission-critical enterprise software and cloud products will drive innovation within Unstoppable Domains. He’ll continue to enhance our existing Unstoppable solutions and develop innovative products, including exciting new areas like social features…

With the crypto industry rightfully dubbed the “Wild West,” crypto founders are looking for predictability and clarity when looking for a place to incorporate. They tend to favor regulation. That is why Singapore, a regulated and efficiently governed city-state, has the headquarters and satellite offices of some of the biggest names in the cryptocurrency industry, such as Binance, Coinbase and Crypto.com. office is located. But with the spectacular bankruptcies of homegrown darlings Terraform Labs and Three Arrows Capital, the ecosystem entered a “crypto winter.” Singapore’s crypto community is now starting to heal its wounds and look to the future. Powerful…

Institutional investors began to show interest in Bitcoin. Traders showed optimism, as Implied Volatility for Bitcoin option declined. The SEC’s decision around Bitcoin’s ETF approval has caused massive uncertainty among the crypto markets. Despite the SEC’s refusal to approve the ETFs it was observed that large institutions continued to show interest in Bitcoin[BTC]. According to data provided by CryptoQuant, fund holdings were interested in Bitcoin accumulation. Source: CryptoQuant Read Bitcoin’s Price Prediction 2023-2024 Whales want more Institutional investors, such as hedge funds, investment firms, and cryptocurrency private funds, hold cryptocurrency assets. These assets are known as “fund holdings.” Examining these…