Author: Crypto News Live
TL;DRIn order to reach mass adoption, Web3 needs to become invisible.Web3 infrastructure company, Crossmint, has just rolled out a new NFT wallet-as-a-service (WaaS) product.Crossmint’s service has been used by companies like Red Bull, airBaltic, ASUS and alcohol giant Diageo, for the past few months and is now being rolled out to the public.Full StoryIt’s been a minute since we dug up this one, but we used to harp on about it all the time:In order to reach mass adoption, Web3 needs to become invisible.The idea being that people don’t need to know how blockchain technology works, they just need to…
Cryptocurrency investment products have seen a significant uptick as they record the largest single weekly inflows since July 2022, with $199 million being invested in these products in a correction of the prior nine consecutive weeks of outflows. According to CoinShares’ Digital Asset Fund Flows report, the flagship cryptocurrency Bitcoin ($BTC) saw the lion’s share of inflows as exchange-traded product (ETP) trading volumes were 170% of the recorded average for this year, totaling $2.5 billion. he surge in trading activity comes at a time when the total assets under management (AuM) stand at a robust $37 billion, marking their highest…
Crypto markets are navigating through fluctuating terrains as the week commences, with the bulk of attention currently placed on Ripple’s digital asset, XRP. According to crypto market intelligence platform Santiment, contrary to expectations, XRP is radiating a soft bullish glow as it braves a wave of mild investor capitulation. Historical analysis suggests that a higher probability of value appreciation exists for cryptos demonstrating greater loss volumes over profits.XRP: Paddling Against the TideUnveiling the nuances behind XRP’s subtle optimism, Santiment’s analysis utilizes the Ratio of On-chain Transaction Volume in the Profit/Loss metric. This particular gauge underlines that most market assets, at…
In an exciting development for The Sandbox, Clay Nation has announced its entry as the first Cardano-based project on the platform. This mega NFT cross-chain collaboration ushers in a wave of web3 wanderers into the metaverse. Furthermore, the partnership bridges the gap between chains and introduces a world filled with musical energy and innovation. TL;DR Clay Nation partners with The Sandbox as the first Cardano-based project, welcoming web3 participants to the metaverse. Cross-chain PFP-avatar collection interoperability allows Clay Nation Cardano NFT holders to integrate their avatars into The Sandbox, offering unique in-game experiences. The collaboration brings Sonic Sands, an immersive…
A closely followed crypto analyst is warning that a Bitcoin (BTC) correction may be looming after the crypto king’s strong performance last week. In a new blog post, trader Justin Bennett says that BTC launched an “impressive” rally since June 15th, surging by about 25% in just less than two weeks. However, Bennett says that Bitcoin may soon give up some of its gains as he believes the crypto king does not give free rides to those who were late to hop on the rally. “If so, a pullback into the $28,000 area to flush late BTC longs seems likely.…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. TRX continued its recovery by regaining the $0.0711 support level. Increased capital inflows could fuel a significant bullish charge. Earlier in June, Tron’s [TRX] bullish momentum drove it to a year-high of $0.0857. A price rejection at that level along with the correction the crypto market experienced in June forced it to a local low of $0.0627. Is your portfolio green? Check out the Tron Profit Calculator However, Tron’s break above the latest lower high signaled bullish intent to…
FIFA, the global soccer governing body, keeps exploring the metaverse and immersive environments. The global soccer governing body has filed trademark applications across nine different categories as part of its “WE ARE” initiative. TL;DR FIFA is delving into the metaverse as part of its “WE ARE” initiative, filing trademark applications spanning nine categories including VR, gaming, and fashion. The organization has rolled out innovative digital services like a virtual replica of the World Cup stadium and an immersive fan engagement app, Phygtlis. In addition to virtual reality endeavors, FIFA is exploring the potential of non-fungible tokens (NFTs) with the launch…
In a recent development in the ongoing legal battle between Binance — the world’s largest cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) — a U.S. District Court judge has denied a motion by the exchange that sought to limit or prevent the SEC from issuing public statements about the case. The decision represents another defeat in a series of blows for Binance, which has been dealing with forced exits and investigations in European countries and mass layoffs in the U.S. in recent weeks. “While all of the lawyers in this case should adhere to their ethical obligations…
The entire Azuki brand NFT series witnessed a sharp decline, with the floor price dropping to 10 ETH, marking a staggering 24-hour decrease of 31%. This disappointing turn of events has raised concerns within the digital collectibles community. One of Azuki’s co-founders acknowledged the failure of the minting experience, stating that it did not meet the expected standard. This admission highlights the challenges faced by the team in delivering a satisfactory user experience and meeting the high expectations of collectors and investors. We hear your feedback loud and clear. The mint experience was not up to the Azuki standard. Want…
Last week was one of the worst on record for holders of Bored Ape Yacht Club NFTs, with prices reaching a low point not seen since late 2021. One investor in BAYC creator Yuga Labs, the $4 billion startup, blames traders. BAYC’s floor price — the price of the cheapest item in an NFT collection — dropped below 34 ETH ($64,000) for the first time since November 2021, according to The Block Research data. That coincided with a period of heavy selling. Some attributed the crash to the actions of rapper-turned-NFT enthusiast Jeffrey Huang, otherwise known as Machi Big Brother, who suddenly…
