Author: Crypto News Live

Chris Burniske, a partner at venture capital firm Placeholder, has shared his insights on the future of cryptocurrency, indicating that the current skepticism and doubt surrounding the industry are typical elements of market cycles that historically lead to significant returns.  https://twitter.com/cburniske/status/1668098609663934466Burniske emphasizes that widespread societal acceptance rarely fuels rapid growth, with the real value often hidden in the underappreciated or doubted aspects.The Importance of Perspective and Patience in BlockchainBurniske urges stakeholders to maintain perspective and patience, recognizing the high stakes of blockchain technology’s role in our future digital infrastructure and ownership distribution. By not succumbing to overwhelming doubt, the community…

In a recent development that could have significant effects on the crypto industry, the United States Securities and Exchange Commission (SEC) has released a trove of documents, including emails and notes, as part of its ongoing legal dispute with cryptocurrency company Ripple. The SEC sued Ripple in 2020 for raising $1.3 billion through the sale of unregistered securities in the form of its native token, XRP.  Many in the Web3 space believe that these documents, which were unsealed by a judge’s order, shed much-needed light on the SEC’s approach to regulating the industry and could even impact how Ether and…

NFT “Phygital.” The definitely not cool word, blending “physical” and “digital”’ to describe real-life products tied to NFTs, describes the soon to be released Louis Vuitton branded “Treasure Trunks.” It also makes Jason Yanowitz cringe. “Oh, God. I hate that word so much.” While it tends to evoke profound discomfort among the familiar, the Empire podcast host admits on a recent episode (Spotify / Apple) he remains intrigued by the luxury brand’s take on pricey physical-to-digital NFTs. Co-host Santiago Santos appears equally interested, saying “I don’t think I’ve ever bought anything from there, but maybe I will now.” While “phygital”…

Planet IX announces that the sale for MetaShares of the in-game, Netempire Corporation will open next week. The Netempire shares are more limited than those for other game corporations, and also receive funding from the in-game marketplace, giving these items some interesting potential! A lot of web games talk about player ownership of the game and player governance. But Planet IX is taking things a step further by giving players an ownership stake in some of the basic game functions! This ownership comes in the form of MetaShare NFTs, shares for the in-game corporations. Each corporation is associated with a…

June 13 (Tue) morning market trends (compared to the previous day) traditional finance NY Dow: $34,066 +0.5% Nasdaq: $13,461 +1.5% Nikkei Stock Average: ¥32,434 +0.5% USD/JPY: 139.5 -0.02% USD Index: 103.6 +0.08% 10-year US Treasury yield: 3.73 -0.1% per annum Gold Futures: $1,971 -0.2% crypto assets Bitcoin: $25,886 -0.5% Ethereum: $1,738 -1.5% NY Dow Nasdaq today Today’s NY Dow rose slightly to +189.5 dollars. The Nasdaq also closed at +202 dollars. This week we have important events such as the US CPI tonight and the FOMC interest rate announcement on the 15th. economic indicators June 13, 21:30 (Tue): May Consumer…

The Irish Data Protection Commission (DPC) has reportedly blocked the launch of Google’s generative artificial intelligence (AI) service, Bard, in the European Union over privacy concerns. Google launched Bard in the United States, United Kingdom and 178 other countries earlier this year. However, it’s so far been unable to crack the EU. The Mountain View, California company reportedly intended to remedy that during the week of June 13, but as Politico reports, those plans have come to a halt. Per the report, DPC deputy commissioner Graham Doyle stated that Google only recently informed the commission of its intention to launch Bard…

The US arm of the world’s largest crypto exchange by trading volume says the U.S. Securities and Exchange Commission’s (SEC) recent lawsuit could potentially end its entire business. According to new court documents, Binance says that if the SEC is able to freeze its assets, it will effectively put the firm out of business as it would no longer be able to fund any of its operations. “If the Court does address the merits of the SEC’s motion, it should deny that motion. The SEC seeks unnecessary and unjustified relief. Far from requesting relief that is “carefully calibrated” to “maintain the…

SHIB’s RSI and MFI were both in oversold positions, and CMF registered an uptick.  Exchange outflow spiked, but the MVRV ratio still looked concerning.  Shiba Inu [SHIB] registered a double-digit price decline last week, which had a significant impact on its market capitalization. Though the market still faced heat from the bears, a few developments hinted at a trend reversal. Read Shiba Inu’s [SHIB] Price Prediction 2023-24 Accumulation increases Lookonchain’s data revealed that, amidst the price decline, a whale bought SHIB. The largest holder of SHIB accumulated 1.5 trillion meme coins, worth over $10 million, from Binance and Coinbase. At…

In March 2023, the SEC charged eight celebrities with violating certain provisions of the Securities Act of 1933 in their promotion of cryptocurrency assets. The charges stem from Section 17(b) of the act, an anti-fraud and anti-touting provision that addresses the failure to disclose payments related to promotional activity. The group of celebrities — which included Lindsay Lohan, Jake Paul, and Ne-Yo —specifically faced accusations of illegally promoting Tron (TRX) and/or BitTorrent (BTT) tokens offered by companies under the direction of Tron founder Justin Sun. While the SEC won the case, the questions at the heart of the matter remain…

Blockchain BNB Chain, the native blockchain of leading cryptocurrency exchange Binance, has deployed the highly anticipated BEP-126 update introducing the “Fast Finality” function. This marks a significant step in ensuring enhanced security and transaction reliability on the public blockchain. BNB Chain Introduces Fast Finality Update Users of the BNB Chain ecosystem will now benefit from several improvements due to the Fast Finality function from the BEP-126 update. These include enhanced security, irreversible transactions, as well as efficient operations for exchanges and decentralized finance (DeFi) protocols. The BNB Chain team stated that with Fast Finality, “block reorganizations are now a thing…