Author: Crypto News Live

Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3. On June 28, Sony Network Communications — a subsidiary of Sony — and Japanese Web3 infrastructure tech company Startale Labs revealed a new business collaboration and a $3.5 million investment to build a foundation for the widespread adoption of Web3.The partnership will push Startale’s development of Web3 services and products, including its mission to create all-in-one solutions for Web3 development and focus on bridging real-world assets with the Web3 ecosystem.Sota Watanabe, the CEO of…

In a sobering analysis, popular cryptocurrency analyst Benjamin Cowen has revealed that he believes the price of Cardano’s native token, $ADA, could see its value drop 50% against that of the flagship cryptocurrency Bitcoin ($BTC). On the popular microblogging platform Twitter, Cowen shared his insights into the potential price tracjectory of ADA, pointing to its rate relative to BTC, with the ADA/BTC pair now hovering around the 900 satoshi mark, the same level it was at four years ago. Drawing from the pair’s historical data, Cowen suggested that ADA could be poised for a precipitous descent within the imminent five…

Arbitrum became the third blockchain to be supported by the protocol after Ethereum and Avalanche. Despite the CCTP launch, Arbitrum’s native token ARB recorded a sharp drop of 6%. Circle, the company which issues the second-largest stablecoin USD Coin [USDC], extended its Cross-Chain Transfer Protocol (CCTP) to Arbitrum [ARB], weeks after launching the native version of USDC on the layer-2 (L2) scaling solution. Is your portfolio green? Check out the ARB Profit Calculator The new protocol purports to eliminate the requirement for third-party bridges to transfer USDC from one network to another. Arbitrum became the third blockchain to be supported by the protocol,…

It seems as though the metaverse is taking a backseat as tech giants like Meta shift their focus to AI. Despite claiming that the former remains a priority, Meta’s move reflects the growing interest in AI’s potential. Additionally, investors and users are flocking to AI applications, such as OpenAI’s ChatGPT, which reached a record-breaking 100 million active users in January. So, can AI save the metaverse? TL;DR Fashion industry embraces AI, while metaverse fashion struggles. China shifts focus from metaverse to AI, impacting metaverse ventures. Metaverse offers a platform for creative self-expression lacking in AI, opening up exciting opportunities.  …

If the prominent rise of AI art tools in the last year can be described as an uncharted ocean of creative possibility, then the Web3 photography platform Fellowship is one of the boldest and most capable ships navigating its waves. In April, the platform launched Post-Photographic Perspectives, its inaugural AI-focused art show featuring the mind-expanding and socially introspective works of artists like Roope Rainisto, Katie Morris, Jess Mac, Charlie Engman, and more.  The follow-up to that show, entitled Acceptable Realities, arrives on July 10 and is divided into two parts, one dedicated to the growing genre of AI video experimentation…

On Wednesday, digital art collective Art Blocks is set to release the latest collaboration born from its partnership with iconic New York-based modern art exhibitor Pace Gallery: “World Flag,” a collection of 195 visual art Ethereum NFTs from the Irish contemporary artist John Gerrard. Each “World Flag” piece depicts the flag of a different nation emitted as a stream of smoke, juxtaposed against a variety of desolate, dystopian desert backgrounds. The works—which appear as looping videos that can be viewed from different angles by dragging on a screen—are in fact all miniature, constantly evolving virtual worlds powered by game engine…

The creative minds behind CyberKongz, a renowned Ethereum-based NFT collection, have introduced an enhanced version of the well-known ERC-721 nonfungible token standard, dubbed ERC-721x. This token standard has been designed to bolster security for NFT holders. It empowers users to engage in non-custodial staking and assign a “Guardian” that offers two-factor authentication (2FA) protection for transactions.In an announcement, CyberKongz shed light on the new feature, saying, “The Guardian Contract allows you to enjoy the convenience of a hot wallet while adding the security of a cold/hardware/multi-sig wallet on top.”Source CyberKongzCyberKongz’s Strategy for NFT SecurityThe Guardian Contract feature extends its protection…

In a recent tweet thread, CoinGecko, a renowned platform for cryptocurrency analysis, shared intriguing insights into the performance of the top 10 digital assets of the year, excluding stablecoins. Despite numerous challenges, XRP has managed to maintain its position as one of the largest gainers in this elite group.Ready to uncover XRP’s exciting journey? Join in.Bitcoin Takes the LeadCoinGecko’s data reveals that Bitcoin has emerged as the winner, experiencing an impressive surge of 84% from its initial price of $16,540. The leading cryptocurrency’s remarkable performance sets the stage for an exciting analysis of other digital assets.Following closely behind, Solana (SOL)…

A major crypto exchange platform is adding compulsory Know Your Customer (KYC) rules for its customers as a means of embracing regulations. According to a new press release, KuCoin, a Seychelles-based crypto exchange, will be rolling out mandatory KYC authentication rules for its customers starting on July 15, 2023. The change would force current customers to comply with KYC regulations to access the crypto exchange’s full suite of products. Those who fail to comply will have limited access to KuCoin’s services. According to Jonny Lyu, KuCoin’s chief executive, the move was done to better comply with federal regulations and enhance…

The Ethereum (ETH) network has closely mirrored Bitcoin’s price movements this year, despite varying returns. On a weekly timeframe, Ethereum’s bullish outlook is reinforced by a golden cross between the 50 and 200 Moving Averages (MA), following a brief death cross last month. As technical analysis suggests a potential rally in the coming weeks, the fundamental factors within the on-chain Ethereum ecosystem present a different narrative.On-chain Ethereum Fundamental Factors Tell a Different Story:Ethereum, a leading digital asset with a market capitalization exceeding $222 billion, is heavily influenced by both fundamental aspects and the speculative nature of crypto assets.The Ethereum network…