Author: Crypto News Live
Inscriptions have contributed 22% of the total miner revenue since its inception. Inscriptions and inscription fees have, however, been reduced in recent weeks. Bitcoin Ordinals has caused a major stir ever since its inception, profoundly impacting fees and miner revenues within the network. However, the question remains: To what extent have these inscriptions augmented miner revenue, and what is their current influence on fees and overall revenue? Read Bitcoin (BTC) Price Prediction 2023-24 Bitcoin miners feel Inscription impact The introduction of Bitcoin Ordinal inscriptions revolutionized the network with NFT-like assets. This innovative asset class opened up a fresh stream of…
A widely followed strategist and trader is issuing a warning on altcoins amid a crypto market rally led by Bitcoin (BTC). Pseudonymous analyst Credible Crypto tells his 341,000 Twitter followers that while altcoins will go up over the short term, they are likely to massively underperform BTC once the flagship digital asset initiates an impulsive rally. “I know it’s tempting to hop into altcoins right now thinking they will catch up to BTC. In the short term, they probably will see some nice bounces- but these should be short-term trades only in my opinion. I’ve been in this space for…
Tron achieves yet another milestone that speaks volumes about its adoption. TRX underperformed during the latest bull run. The Tron [TRX] blockchain has been one of the more active networks this year. This was not only in terms of development but also in terms of network adoption. As such, the network managed to achieve significant transaction milestones. A recent Tron post revealed that the network maintained daily transactions above 10.2 million for the last three days. The timing of this announcement was also noteworthy because of the series of market events that have supported bullish activity across the crypto market.…
San Francisco-based Ripple Labs has been granted provisional regulatory approval by the Monetary Authority of Singapore (MAS) to operate and expand its digital asset products and services in the city-state. The in-principle approval from the country’s central bank was granted to Ripple’s local subsidiary, Ripple Markets Asia Pacific, and sets the stage for Ripple to enhance the cross-border transfers of its associated cryptocurrency, XRP. What a provisional license means for Ripple Over the past year, Ripple has witnessed significant growth in its Singapore operations. The company reported that most of its global On-Demand Liquidity (ODL) transactions flow through the city-state,…
NFL Rivals, a free-to-play game developed by Mythical Games, has surpassed 1 million downloads since its launch on April 26. The game has received high ratings on both Google Play and Apple Stores, with an average of 4.8 out of 5 stars.NFL Rivals is an engaging game that allows players to build their own team of NFL players and compete against other players online. The game also features an NFT market where players can buy and sell player cards.NFT IntegrationWhile the NFT aspect of NFL Rivals is not essential for gameplay, it adds an exciting layer of engagement for players.…
Tether – the company behind the largest stablecoin – announced the launch of USDT on Kava (a layer 1 proof-of-stake blockchain network). Following the latest development, the token is now live on over a dozen networks, including Ethereum, NEAR Protocol, Solana, Tron, Algorand, and more. The stablecoin issuer praised Kava network for its scalability and speed, saying it will be the next blockchain where USDT will circulate. Paolo Ardoino – CTO at Tether – thinks the initiative will allow Kava to offer its “strong community” access to “the world’s first, most stable, most trusted, and most widely used stablecoin.” “The…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure shifted firmly in bullish favor amidst rising demand. The $30k area was an enormously important region stretching back to January 2021. The price action of Bitcoin [BTC] from earlier this year showed that Bitcoin could climb to $34k later this year. Trading volume and market sentiment could impede progress, but the tides have already begun to shift. Read Bitcoin’s [BTC] Price Prediction 2023-24 The US Federal Reserve’s decision to pause interest rate hikes was received well…
Neon EVM is a low-friction solution that enables Ethereum dApps to settle transactions on Solana, eliminating the gap between these two leading blockchains. Neon EVM positions Ethereum developers to enjoy the best of Solana’s network, from low fees to high transaction speeds, and parallel transaction execution capabilities. While Solana is one of the fastest, organically-growing chains, its incompatibility with EVM has left several hundred million in TVL, millions of users, and an entire ecosystem untouched by EVM multichain dApp developers — until now. Neon EVM’s pioneering solution is the anticipated innovation in the Solana ecosystem and makes Solana a viable…
Grant Yun is a man of many hats. Despite being a medical student by day and a break dancer by night, the Milwaukee resident has managed to make his mark on the digital art market with six-figure sales and auctions at Christie’s and Sotheby’s. His Neo-Precisionist artwork frequently explores landscapes and scenery native to the Midwest and has become instantly recognizable in the NFT space. In a thoughtful interview, Yun explains how he manages time between his art career and studies, shares tips for building a strong collector base, and opens up on staying grounded despite the challenges of the…
The pseudonymous co-founder of the DeFi data aggregator platform DefiLlama, shed light on vulnerabilities that could erase all the NFTs minted using the Foundation’s contract. In the Web3 industry, most projects have open-sourced code, allowing other developers to view the source code of various platforms. This also enables other developers to contribute to the project and flag certain vulnerabilities or bugs. Foundation NFTs Two Transactions Away From Being Destroyed? 0xngmi, the anon co-founder of DefiLlama, wrote a Twitter thread highlighting an exploit in Foundation’s non-fungible token (NFT) contracts. Foundation is a platform that allows the creation and trading of NFTs…
