Author: Crypto News Live

  ‘We are in a winter for the metaverse and how long that chill lasts remains to be seen.’ —   JP Gownder, vice president and principal analyst on Forrester’s Future of Work  The Metaverse has been a popular buzzword in the tech industry for a time now. Big players on the tech scene, such as Meta’s founder and CEO Mark Zuckerberg promised it was the future of the internet and social media.   If you are a frequent reader, you probably remember that we explained the meaning of the Metaverse in a separate article: ‘What is a Metaverse?’. We suggest reading it if…

In a remarkable auction at Sotheby’s, a generative piece of blockchain artwork titled “The Goose” fetched an impressive sum of over $6.2 million, including auction house fees. The artwork, also known as Ringers #879, was created by Dmitri Cherniak and had a noteworthy history as part of the now-defunct cryptocurrency hedge fund, Three Arrows Capital.Three Arrows Capital’s Acquisition and Liquidation“The Goose” was originally purchased by Three Arrows Capital in 2021 for a staggering $5.66 million worth of ETH. The acquisition was made as part of their Starry Night Capital fund, which aimed to assemble a collection of the world’s finest…

Ethereum’s price increased by nearly 2% in the last 24 hours.  However, market indicators were bearish, suggesting a change in trends. The Binance and Coinbase episode with the US Securities Exchange Commission caused havoc in the crypto industry. It caused a decline in the supply of Bitcoin [BTC] and Ethereum [ETH] on Binance, suggesting that investors were losing confidence in CEXes.  Read Ethereum’s [ETH] Price Prediction 2023-24 Ethereum investors’ confidence in Binance declined Glassnode’s latest tweet revealed that after the SEC incident, investors actively withdrew their ETH and BTC from Binance. As per the tweet, Ethereum’s balance on Binance was…

Polygon Labs, a provider of scaling solutions for the Ethereum blockchain, announced on June 15 that it has opened a database called “The Value Prop,” which collects excellent blockchain use cases from around the world. Introducing beyond the chain The database named “The Value Prop” introduces 39 use cases and over 300 applications, and the number is expected to increase in the future. Polygon Labs hopes to turn this database into a “use case wikipedia”. The use cases are categorized into seven areas: Education, Security & Risk Management, Social Impact & Sustainability, Finance, Business & Marketing, Governance, and Information Technology.…

Meta AI recently unveiled a “breakthrough” text-to-speech (TTS) generator it claims produces results up to 20 times faster than state-of-the-art artificial intelligence models with comparable performance. The new system, dubbed Voicebox, eschews traditional TTS architecture in favor of a model more akin to OpenAI’s ChatGPT or Google’s Bard.Among the main differences between Voicebox and similar TTS models, such as ElevenLabs Prime Voice AI, is that Meta’s offering can generalize through in-context learning. Much like ChatGPT or other transformer models, Voicebox uses large-scale training data sets. Previous efforts to use massive troves of audio data have resulted in severely degraded audio outputs.…

Polkadot’s new governance system removed first-class citizens like the Polkadot Council and the Technical Committee. The community could vote on multiple proposals simultaneously under the new system. In an attempt to bring greater decentralization and inclusivity, multichain protocol Polkadot [DOT] announced the launch of Polkadot OpenGov, an open governance platform. Read Polkadot’s [DOT] Price Prediction 2023-24 The endeavor, meant to give complete control of the network to DOT holders, was launched after underdoing six months of testing on Kusama. The Kusama blockchain is a part of the Polkadot ecosystem. They are used for trying out new features before being released on…

As the landscape of digital currency continues to evolve, it’s become apparent that the Securities and Exchange Commission (SEC) and other U.S. governing bodies are keen to redefine how the government regulates crypto. Yet, from the SEC suing Binance and Coinbase to the GOP calling for SEC restructuring, a clear path forward still seems a far way off. Now, as if only to add the convolution taking the blockchain industry by storm, a team of JPMorgan strategists led by Nikolaos Panigirtzoglou have proposed that Congress place Ethereum (ETH) under a new “other category” instead of under the rigid labels that…

beginner From its origin as a typo to its current status as a guiding principle for crypto investors, the term ‘HODL’ has become popular lingo (and a meme) in the cryptocurrency world. But what does it mean, and why has it captured the collective imagination of the crypto community? In this article, I will talk about all things HODL: meaning, history, and how good of a strategy it is. Let’s dive in! Hi, I’m Daria Morgen. Since 2014, I’ve been involved in the cryptocurrency market. It’s been an interesting journey, one that’s taught me a lot about the value of…

Macroeconomics and financial markets In the US NY stock market on the 15th, the Dow Jones Industrial Average rose by $428 (1.26%) from the previous day, reaching a new year-to-date high. The Nasdaq Index closed 156 points (1.15%) higher. Markets were also boosted by speculation that the Fed would not reach the long-awaited recession, even though it expects two more rate hikes by the end of the year. Goldman Sachs on the 6th, regarding the possibility that the US economy will fall into a recession within a year, based on the receding of the risk of credit instability triggered by…

Investors holding 1,000-10,000 BTC and US institutional holders declined in recent months. BTC’s price remained below SMA as the bear trend persisted. Bitcoin’s [BTC] price has been crawling at a snail’s pace, and the dominant direction remained bearish over an extended period. Nevertheless, a potential surge towards a bullish trend could potentially materialize, but it hinges on the actions of two distinct groups of holders, as highlighted in a recent report by CryptoQuant. Read Bitcoin’s [BTC] Price Prediction 2023-24 Bitcoin holders stall the bull trend A recent report by CryptoQuant suggested that the current Bitcoin trend could potentially transition into…