Author: Crypto News Live

“SEC claim should be dismissed” US crypto asset (virtual currency) exchange Coinbase submitted new court documents to the district court on the 29th in a lawsuit filed against the company by the US Securities and Exchange Commission (SEC). We are moving to dismiss the SEC motion. Tokens, which the SEC considers to be securities, are not investment contracts, and the SEC is suing beyond its powers. We welcome dialogue any time with any regulator, including the SEC, and believe new legislation and rulemaking is the right path forward. But the claims in this case go far beyond existing law –…

Fidelity re-applied for Bitcoin ETF, suggesting a shift in market sentiment. The price and number of holders rose as miners faced selling pressure. Over the last month, many funds such as BlackRock have showcased interest in Bitcoin [BTC] by filing for Spot ETFs, which have generated massive bullish sentiment for the king coin. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Putting the ‘Fun’ in Funds For context, ETFs are investment vehicles that aim to provide investors with an accessible and regulated way to gain exposure to the asset in question. These ETFs track prices and allow investors to buy and sell…

A renowned crypto analyst with a substantial following on Twitter has recently revised his outlook on two of the leading smart contract-enabled blockchain platforms: Ethereum (ETH) and Solana (SOL).Ethereum’s Bullish SignalAddressing his 694,700 Twitter followers, the pseudonymous analyst known as Pentoshi highlights a compelling bullish signal for Ethereum. He notes that the proportion of Ethereum staked, meaning locked-in smart contracts to participate in various protocols and earn rewards, has surpassed the amount available on centralized exchanges. This shift, according to Pentoshi, may potentially lead to a price appreciation for Ethereum.There is now more $ETH staked, than there is available on…

Among the numerous blockchain gaming projects showcased at NFC Lisbon, Life Beyond stands out as one of the most remarkable. Developed by Life Beyond Studios, acquired by Animoca Brands in 2022, this game boasts a team comprising seasoned veterans from the video game industry. Their ambitious goal is to establish the “AAA” standard within the Web3 realm. TL;DR: Life Beyond is a standout blockchain gaming project showcased at NFC Lisbon, developed by Life Beyond Studios and acquired by Animoca Brands in 2022. It offers a science fiction adventure set in a spatial metaverse where players build a civilization on the…

The Blockchain Association, a prominent crypto advocacy group, has published a paper expressing its concerns over the role of Securities and Exchange Commission (SEC) Chair Gary Gensler and the legitimacy of his statements and enforcement actions on the crypto industry. The group argues that Gensler’s involvement in digital asset matters should be reconsidered, citing a perceived bias and a failure to provide clear guidance as their primary concerns. The association, in an open letter, has put forth the claim that Gensler is overstepping his authority granted by Congress. “While this anti-crypto campaign has intensified, the SEC has let slide one of…

The U.S. Securities and Exchange Commission (SEC) is reportedly saying that BlackRock and Fidelity’s applications for a spot Bitcoin (BTC) exchange-traded fund (ETF) are unclear and incomprehensive. According to a new report by The Wall Street Journal, the regulatory agency recently told Nasdaq and the Chicago Board Options Exchange (CBOE), who filed the applications on behalf of the firms, that the applications are inadequate. Some of those keeping a close eye on the situation expected that BlackRock’s application would appease the SEC because of its agreement that would share “surveillance” of a spot BTC ETF with Nasdaq, who would list…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The lower timeframe momentum and structure of AXS were flipping bullishly. Demand might not be sufficient to drive a rally, something buyers must beware of. Since February, Axie Infinity [AXS] has been trapped in a downtrend. The price fell from $12 back then to $5.9 at press time. Thus, from a technical perspective, that downtrend has not yet been broken. Read Axie Infinity’s [AXS] Price Prediction 2023-24 However, Bitcoin [BTC] has a bullish outlook on the charts. In the…

In 2021 and 2022, the legal world buzzed with excitement over the emergence of the metaverse. This vast, immersive digital space encompassing platforms like Decentraland and The Sandbox represented a promising new field. But the rate of adaption is now stagnating, and the Metaverse office looks empty.  TL;DR: In 2021 and 2022, the legal sector embraced the metaverse, an immersive digital world encompassing platforms like Decentraland and The Sandbox.  High entry costs have since stagnated the adoption rate. Early legal involvement has focused on intellectual property and copyright issues.  The metaverse, AI, and smart contracts could simplify dispute resolution, freeing…

On June 17, CryptoPunk #8611 was permanently removed from the Ethereum blockchain. The NFT, which had recently sold for 54.49 ETH (just over $94,000 at the time), was soon after transferred to an Ethereum burn address, meaning it can never be recovered. From there, the asset was inscribed on the Bitcoin blockchain as an Ordinal, that ecosystem’s equivalent of an NFT, and then sent to a Satoshi wallet. Moreover, anyone who burns a Punk will receive an allowlist spot for a new Bitcoin Ordinals collection: Ordinal Maxi Biz. The event has raised Web3’s collective eyebrow, and for good reason. Punk…

TL;DRFor the release of S3 of ‘Love, Death + Robots,’ Netflix hid 9 QR codes in online videos, the show itself and even on IRL billboards. If you scanned one, you got an NFT.This kind of marketing works because it gets shared via word of mouth, which is one of the most powerful forms of marketing.This kind of marketing is particularly important for streaming platforms – because by giving viewers something they can’t get anywhere else, they retain subscribers.Here’s where it could all go from here:Netflix could notify you, saying you’re one of the top ten viewers of a show,…