Author: Crypto News Live
Consumer protection groups from the European Union have urged regulators to conduct investigations on artificial intelligence (AI) models behind popular chatbots. According to a report from The Associated Press on June 20, 13 watchdog groups issued a warning to their national consumer, data protection, competition and product safety authorities regarding concerns about generative AI. The groups said regulators should investigate AI behind systems such as OpenAI’s ChatGPT in order to assess the risks and vulnerabilities to consumers prior to the introduction of the EU’s AI regulation. In addition to local officials in the EU, the coalition wrote to United States President…
BTC’s supply on exchanges declined while its supply outside of exchanges rose. Derivatives market metrics also looked bullish for BTC. Bitcoin [BTC] has been in the accumulation phase for multiple weeks now, as its price stagnated under the $28,000 mark. Generally, high accumulation happens when the market doesn’t perform well, which is then followed by a trend reversal. The same seemed to be true this time as well, as BTC’s charts have turned green. Is your portfolio green? Check out the Bitcoin Profit Calculator Bitcoin accumulation shows effects Santiment’s 20 June tweet revealed that BTC whales have been quite active…
As much of the crypto market struggles amid a series of regulatory setbacks, Bitcoin has remained resilient. Today the market’s foremost cryptocurrency broke $28,000 for the first time since May 28 in a resurgence that has seen Bitcoin’s dominance of the total cryptocurrency market cap rise to 49%. At press time, Bitcoin was trading at $27,962.61, and was up almost 5%. In the last 24 hours, Bitcoin saw the highest value of liquidations across all cryptocurrencies, totaling $51.19 million, with the largest single liquidation order being a BTC-USDT trade on Binance valued at $4.67 million, according to CoinGlass data. Gaining…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ETC’s demand fell, stalling Ethereum Classic’s trend reversal. Declining OI highlighted bearish dominance. Despite its non-inclusion in the ongoing regulatory inquest into cryptocurrencies, Ethereum Classic [ETC] has struggled to shake off its bearish swing. A 24% price drop on 10 June saw ETC sink to a year-low of $12.64. However, price rallied quickly before stabilizing at the $15 price zone, as of press time. Realistic or not, here’s ETC’s market cap in BTC’s terms With Bitcoin [BTC] advancing toward…
Bitcoin Ordinal Inscriptions have significantly impacted the Web3 space since the Ordinals protocol was introduced in January 2023. Millions upon millions of Inscriptions have been minted, inspiring established projects to expand from Ethereum and Solana to Bitcoin. Ordinals also seem to have inspired Ethscriptions — a recently launched (and quickly adopted) protocol that enables the creation and sharing of digital entities on the Ethereum blockchain (as long as they’re under 96 kilobytes). Created by Tom Lehman, co-founder of Genius.com, the innovation has sparked considerable interest since its June 17 launch, with over 130,000 Ethscriptions generated to date. To add to…
NEAR Protocol’s Blockchain Operating System (BOS) is a novel approach to the world of web3 that looks at the entire blockchain ecosystem and attempts to create a framework to abstract “janky” usability and complex user journeys.Originally announced in October 2022 and followed by the launch of the first gateway in May 2023, the BOS initially faced skepticism from the NEAR community and investors. However, it has since gained traction and is now deemed a “game-changer for all blockchains going forward,” according to NEAR Protocol in a recent Medium article.“We can confidently say that not only do we understand the BOS vision,…
Bitcoin secured its position as the leading coin as its dominance grew. Bitcoin’s prospects looked bullish based on historic performance. Bitcoin’s [BTC] dominance has been on the rise for the last few days. This is the first time that it has reclaimed the important 50% dominance level since April 2021, and it is an important observation for multiple reasons. Is your portfolio green? Check out the Bitcoin Profit Calculator First, the higher dominance meant that Bitcoin was receiving more attention relative to altcoins. Thus, BTC was in a position to take advantage of any sentiment shift that could be favorable…
As teased last week, popular video game Fortnite has announced a collaboration with apparel giant Nike and its .Swoosh Web3 platform, which offers digital apparel and accessories sold as NFTs. The alliance does not integrate NFTs into Fortnite, but the link between the companies still involves crypto elements. Unveiled today, “Airphoria” is a Nike-branded experience within Fortnite’s Creative Mode, letting users go on the “ultimate Nike sneakerhunt” within a Fortnite game world. The experience, which will be live in the game until June 27, can earn players a free in-game “back bling” or avatar accessory styled like a classic pair…
Following up on their very successful series of Alpha playtests, Phantom Galaxies opened up their first Beta Phase a little over a month ago to a very small set of their players. Now, after a few weeks of testing, they are ready to expand this phase to include a larger playerbase, though you still need to own an NFT to participate. Getting access to Phase of Beta 2 for Phantom Galaxies requires owning one of several NFTs. Anyone who holds a ‘Planet Genesis Mintpass’, a ‘The Hopeful’ NFT, or a ‘Zorran’s Favour’ NFT should now have access to the beta.…
Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name. For example, Ethereum users can now send crypto to the network’s founder, Vitalik Buterin, at his username, vitalik.eth, without knowing that his address is 0xd8da6bf26964af9d7eed9e03e53415d37aa96045.But despite this advancement making it much easier to identify users, hardly anyone has taken advantage of it. There are over 200 million unique addresses on Ethereum, yet only 2.2 million .eth names were registered as…
