Author: Crypto News Live

HKVAC’s recent release of the cryptocurrency index has created controversy regarding the exclusion of some cryptocurrencies. The index excluded SOL, AVAX, UNI, and ETC while it included FTM and EOS. The agency responded that the cryptocurrencies would be considered to be included by July 14. The rating agency Hong Kong Virtual Asset Consortium’s (HKVAC) recent release of the virtual asset index has been a subject of controversy since the agency excluded the leading cryptocurrencies like SOL, AVAX, UNI, and ETC while it included FTM and EOS. Responding to the dissension, HKVAC assured that the agency would rebalance the index by…

Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force” that could create significant returns for investors in today’s “unusual” market.In its mid-year outlook report, the BlackRock Investment Institute detailed their thesis for increased investment in AI — pointing to multiple “disruptive” themes that could see the sector grow rapidly over the coming years. S&P market cap vs relative performance from 1990. Source: BlackRock.The report drew special attention to the fact that gains in the S&P 500 — the index that tracks the 500 largest companies in the United States — have…

A closely followed crypto analyst is unveiling his forecast for a handful of altcoins including Chainlink (LINK), Polygon (MATIC) and Floki (FLOKI). Trader Michaël van de Poppe tells his 659,400 Twitter followers that he’s bullish on the decentralized oracle network Chainlink. According to Van de Poppe, he’s looking for LINK to rally to $8 as long as it stays above its immediate support. “Chainlink looks positive. [LINK] broke back into the range, as we’ve had a slight deviation beneath the lows, resulting in a test at $5. As long as $5.50-6.00 sustains as support, the markets are looking at a…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion LINK’s recovery has eased at March low  Buying volumes and Open Interest rates decreased  Chainlink [LINK] chalked a sideways structure ahead of ECB (EU Central Bank) Forum on Central Banking scheduled for 28 June 2023. US Fed Chair Jerome Powell will also grace the meeting, and investors are particularly eyeing his speech.  Read Chainlink [LINK] Price Prediction 2023-24   Market direction after the meeting could depend on whether key speeches take a hawkish or dovish stance. In the meantime, BTC…

Digital fashion enthusiasts rejoice as The Fabricant announces a new VR world to showcase top wearables. The web3 fashion house teamed up with the hyper-realistic metaverse Cornerstone for the project. Together, the duo hopes to revolutionize the digital fashion industry’s user experience – and this is just the start! The digital fashion house The Fabricant partners with Cornerstone.land for a photorealistic experience. How Does The Fabricant’s Digital Fashion VR Look? The top digital fashion house The Fabricant returns to the web3 scene with a brand new launch via the Cornerstone metaverse. Basically, The Fabricant will use Cornerstone’s latest cloud-rendering tech…

The community has voted, and the ApeCoin DAO election winners have been chosen. The new Special Council members are Capetain Trippy and Waabam_eth. The new Stewards are AllCityBAYC and tigerisfine. Members elected to the ApeCoin DAO can serve up to two terms at a time. The election officially concluded on June 28 at 6 p.m. PT. The race was dynamic, characterized by frequent and rapid changes in standings occurring daily, making it difficult to determine the prospective winner. Election details There were originally 21 nominees for the election, with two rounds of voting. Round One, held from June 15 to…

Bored Ape Yacht Club has been on an emotional rollercoaster over the last several days. Several investors sold their prized blue-chip NFTs, triggering a wave of Fear, Uncertainty, and Doubt (FUD). BAYC has had a difficult time recently as the bear market has finally taken its toll. Because of the slump, several holders have sold their NFTs, lowering the NFT’s total value. The Bored Ape Yacht Club has seen steeper losses in recent weeks, with the floor price plummeting over 19% in the previous 30 days when measured in ETH. A Bored Ape costs 36.5 ETH. The BAYC collection’s fortunes…

TL;DRAfter the SEC listed a handful of top 100 crypto tokens as ‘unregistered securities’ (think: illegally traded stocks) earlier this month, those in question have taken a hit:Filecoin -2% Algorand -2% Cosmos -5% Cardano -17% Polygon -21% Binance BNB -21% Solana -22%The good news? The positive forward movement Bitcoin has made over the past few weeks has also overflowed into the rest of the market, softening these losses.Moral of the story: we’re a little banged up, but we’ll be ok.Full StoryRighto – time for a good news/bad news recap!Let’s rip the bandaid off and start with the bad news:After the…

Market indicators revealed that the bulls were still ahead of the bears. But selling pressure on BTC was increasing, which could cause trouble. Bitcoin [BTC] miners are sending record amounts of BTC to exchanges. As exchange inflow increases, the chances of BTC witnessing a price correction get higher.  Is your portfolio green? Check the Bitcoin Profit Calculator  Glassnode’s latest tweet revealed that BTC miners increased selling pressure on the coin. As per the tweet, BTC miners sent an all-time high of $128 million to exchanges, equivalent to 315% of their daily revenue. Historically, such episodes were followed by a price…

A new, Alien Worlds associated project rises on WAX. Dubbed, Alien Avatars, this project lets players collect parts, assemble their Avatars, put them up for minting, and earn TLM tokens everytime someone chooses to mint their Avatar! Slowly but surely, the player run DAO organizations associated with Alien Worlds seem to be finding their footing. One of the sponsored projects recently released their Avatar creation game. Known as Alien Avatars, this project lets players design their own Avatars from various parts, and them make it available for minting, earning a portion of the sale proceeds! Though not run by the…