Author: Crypto News Live

Blockchain peaq, the Web3 network specializing in the Economy of Things, has partnered with Fetch.ai, an innovative platform that combines automation and AI capabilities, to introduce multi-chain Self-Sovereign Machine Identities. These identities will facilitate data exchange and identification between vehicles, robots, and devices on the Polkadot and Cosmos ecosystems. By leveraging Fetch.ai’s autonomous AI agents, peaq enables decentralized data exchanges across its layer-1 blockchain within the Polkadot ecosystem and Fetch.ai’s blockchain within the Cosmos IBC ecosystem.—The collaboration addresses the challenge of limited interoperability within the Web3 space, where standalone blockchains often hinder seamless connectivity. However, projects like Polkadot and Cosmos…

NFT The digital art industry is on the cusp of a paradigm-shifting moment as Art de Finance, a premier online art platform, announces a robust partnership with Fingerlabs, the cutting-edge Web3 NFT infrastructure. This strategic partnership is expected to redefine the art industry’s landscape by accelerating the integration of traditional art into the burgeoning world of Non-Fungible Tokens (NFTs). Art de Finance Joins Fingerlabs To Push NFT Sector Beyond Limits Since its inception, Art de Finance has revolutionized the art space by bridging the gap between traditional and digital art, empowering artists to showcase and monetize their creations in novel…

The Switzerland-based Solana (SOL) developer is objecting to the U.S. Securities and Exchange Commission’s (SEC) allegation that the 11th-largest crypto asset by market cap is a security. The Solana Foundation says that it disputes the claims made by the SEC in a lawsuit filed against crypto exchange Binance last week. “The Solana Foundation disagrees with the characterization of SOL as a security. We welcome the continued engagement of policymakers as constructive partners on regulation to achieve legal clarity on these issues for the thousands of entrepreneurs across the US building in the digital assets space.” The Solana Foundation is not…

BNB’s daily active addresses and daily transactions have declined over the last month  The coin was down by over 16%, and multiple metrics were still bearish  BNB Chain’s [BNB] adoption has been on the rise with the latest one with Polyhedra Network. In a recent tweet, Polyhedra announced that it will support BNB Chain’s Luban upgrade on zkBridge and our zk light client on LayerZero Labs. Apart from that, BNB also revealed that it had successfully deployed the BEP-126 update.  We are proud to support @BNBChain Luban upgrade on zkBridge and our zk light client on @LayerZero_Labs. Luban upgrade introduces…

The Alpha: Uniswap Labs has released the draft code for Uniswap v4, introducing unique plugins and custom liquidity pools. V4 marks the first time Uniswap Labs has opened up for community feedback before a version’s public launch, illustrating a commitment to a decentralized development model. While no official launch date for v4 has been announced, the team plans to engage in extensive community interaction and revision of the base code. Dive deeper Uniswap Labs, the pioneering team behind the world’s leading decentralized exchange (DEX), has disclosed plans for its next significant upgrade: Uniswap v4. The June 13 announcement came with…

Blockchain According to Bloomberg, people familiar with the matter have reported that Taiwan’s second-largest telecommunications company, Taiwan Mobile, is exploring partnerships with local crypto platforms. The state-licensed telecommunications provider is in the early stages of negotiations with crypto companies regarding potential alliances. Taiwan Mobile said it was “open to any potential opportunities” but declined to comment further. Wayne Huang, co-founder of XREX, declined to comment on whether his company is in talks with the island’s second-largest telecommunications firm. However, he expects that as the Web3 sector matures and regulatory requirements become clearer, it will include larger organizations. In March, Taiwan…

What are NFT royalties? NFT royalties refer to the contractual terms that entitle the original creator or rights holder of a non-fungible token (NFT) to receive a percentage of the subsequent sales or transfers of that NFT. When an NFT is sold or resold on a marketplace, the royalties clause ensures that a portion of the proceeds goes back to the original creator or rights holder, providing them ongoing financial benefits from the secondary market transactions. Royalties are typically specified as a percentage of the sale price, often ranging from 5% to 20% or more, although the specific percentage can…

TL;DRThe founder of Blockstream, Adam Back recently stated: “Once an exchange shuts down or stops servicing one market, people will just move to another exchange,”Translation: getting rid of crypto exchanges is like playing a game of Wack-A-Mole – when one closes, another will find a work-around and fill the gap in the market.So while decentralized cryptocurrencies can be slowed by regulatory pressures – they can’t actually be stopped. In which case, governments may as well put regulatory measures in place that nurture blockchain (helping the economy), and weed out the bad actors (protecting consumers).Full StoryIf you’re in the US and…

Net deposits on the Beacon Chain increased on the Lido pool.  L2 bridging grew by 5% as TVL fell. Even as a top liquid staking platform, Lido Finance [LDO] felt the impact of the turbulence. This was the case with many other assets in the market. During the period of unrest, the value of LDO decreased by 18.94%.  How much are 1,10,100 LDOs worth today? However, there were some positive outlooks on the Lido ecosystem. According to Dune Analytics, deposits on the Ethereum [ETH], Beacon Chain increased to 112,500 ETH.  More inflows, balanced withdrawals  For context, the Beacon Chain acts…

The blockchain gaming industry experienced a significant boost in revenue during the month of May, according to a report by DappRadar.Despite a slight decrease in dominance, the sector witnessed a 6% month-to-month increase in unique active wallets (UAW), solidifying its position as a major player in the decentralized application (dapp) ecosystem. With gaming continuing to command a significant share of on-chain activity, the rise in blockchain gaming revenue highlights the growing interest and confidence in this emerging sector.Competition and Shifting LandscapeThe blockchain gaming landscape has become more competitive with the emergence of new gaming chains. Platforms like BNB Chain and Polygon have…