Author: Crypto News Live

A recent study “The Metaverse at Work,” conducted by Nokia and EY, examines the benefits observed by companies utilizing industrial metaverse technologies. This includes reductions in capital expenditure, increased sustainability efforts, and safety improvements. The study sourced opinions from 860 representatives across four industry sectors in six countries.The Rising Popularity of the Metaverse in Business OperationsThe Metaverse is generally seen as a substantive, long-term addition to business strategies rather than a fleeting fad. The study indicates that a mere 2% of surveyed participants view the Metaverse as a buzzword. At the same time, many companies have already incorporated or are…

NFT According to Tony Tran, the chairman and CEO of Peer Inc, the cooling interest in non-fungible tokens (NFTs) and the metaverse particularly by corporations and tech giants like Meta does not signal their end but instead “it reflects the natural cycle of innovation.” In written answers to questions from Bitcoin.com News, Tran, whose firm is behind the 3D social networking app Peer, insisted that such a downward trend is commonly experienced by early adopters of new technologies. Ignorance a Key Barrier to Mass Adoption Tran also attributed the public’s seemingly limited interest in NFTs to ignorance and their lack…

TL;DRThe Organization for Economic Cooperation and Development (OECD) has just released a new global tax standard for cryptocurrencies.CARF is broken down into three main areas: 1) Rules for classifying assets; 2) a proposed group for enforcing these rules on a global scale; and 3) a suggested format for exchanging information among authorities.Full StoryThe Organization for Economic Cooperation and Development (OECD) has just released a new global tax standard for cryptocurrencies – and boy, it’s a heck of a dry read.But first, who is the OECD and what do they do?The OECD is an international organization which aims to establish benchmarks…

Die letzte Woche stand im Zeichen der US-Börsenaufsicht SEC, die dem digitalen Währungsmarkt einen Stoß in den Abgrund versetzte. Der Bitcoin hält sich mit rund 5 % Wochenverlusten relativ beständig. Allerdings schloss BTC die Woche mit einer Kerze unter dem MA200 auf Weekly-Basis – bearisch! Deutlich heftiger traf es dennoch Altcoins, bei denen sich eine Kapitulation andeutet. Einige etablierte Large-Cap Kryptos wie Polygon oder Solana brachen um fast 30 % auf Wochensicht ein.Investoren und Händler sollten sich nicht allzu lange sammeln. Denn ein Marktumfeld mit derart hoher Volatilität birgt erfahrungsgemäß die besten Chancen, sowohl für den kurzfristigen aktiven Handel als auch…

This report provides a comprehensive analysis of Cardano (ADA)’s price dynamics on Binance, covering technical indicators, moving averages, and pivot points. At the time of the report, Cardano (ADA) was priced at $0.2824, experiencing an increase of $0.0205 (+7.83%) compared to the previous period. The snapshot was taken at 05:44:11 UTC, with a trading volume of 289,460,007 units on Binance. Technical indicators are mathematical calculations based on an asset’s price and volume. They are used to predict future price movements and identify trading opportunities. RSI(14): The Relative Strength Index (RSI) measures the speed and change of price movements. An RSI…

A trader who nailed the end of Bitcoin’s (BTC) bull market in 2021 is warning that the crypto king is at risk of witnessing more sell-off events. Pseudonymous analyst Pentoshi tells his 692,900 Twitter followers that Bitcoin looks dangerously close to breaking its immediate support at around $25,000. According to Pentoshi, a stock market correction could catalyze the next leg down for BTC. “The thing is, for BTC and ETH, I feel like there’s strong potential to break these 90-day ranges with the context of the weakness overall in crypto markets and with SPX and NQ likely at or near…

Solana’s categorization as a security by the SEC has prompted consideration of a network fork Negative sentiment and price decline affected SOL after exchange delistings Solana has been labeled a security by the SEC in the lawsuit it filed against Coinbase and Binance. Due to this, many exchanges such as Robinhood have since delisted SOL. This has had a detrimental impact on SOL’s price, leading many validators on the Solana network to contemplate a fork as a means to protect themselves from the agency’s scrutiny. Realistic or not, here’s SOL’s market cap in BTC’s terms To fork or not to…

Blockchain Tether, the largest stablecoin issuer, has minted 1 billion USDT tokens on the Ethereum blockchain as part of its “inventory replenish.” While some perceive the minting of new USDT as a catalyst for increased crypto demand, Tether CTO Paolo Ardoino told The Block that new USDT tokens are minted to support chain swap functions. “Tether periodically works with different third parties (exchanges, hedge funds, etc.) to help them rebalance the liquidity of their USDT across different chains,” Ardoino said. “For example, since exchanges support Tether USDT on multiple chains, they might end up having most of [their] Tether USDT…

AliExpress, the global e-commerce platform and a subsidiary of Alibaba Group, has announced a partnership with The Moment3 for the sale of 5,555 NFTs. This strategic collaboration marks AliExpress’ expansion into the Web3 space and demonstrates its continued interest in crypto-related ventures.AliExpress Accelerates Web3 PlansIn June 2022, Alibaba Cloud launched a service that facilitates the building of NFT marketplaces. This solution addressed compliance issues and provided a reliable option for creating NFT marketplaces.AliExpress’s collaboration with The Moment3 is another step in the company’s Web3 journey. The Moment3 is an NFT project that connects real-world businesses with the Web3 ecosystem. Through…

GameFi Infrastructure startup Thirdweb has appointed former Facebook executive Atif Khan as its new Vice President of Gaming in a bid to accelerate the growth of the Web3 gaming industry—and the firm recently built a game from scratch to demonstrate its capabilities. The San Francisco-based startup offers a Web3 infrastructure toolkit for developers to build a suite of decentralized applications, from blockchain games to NFTs, DAOs, and more. The firm raised a $24 million Series A round at a $160 million valuation in August 2022 from investors including Haun Ventures, Polygon Labs, Coinbase Ventures, and Shopify. Khan spent eight years…