Author: Crypto News Live
The Ethereum virtual machine (EVM) is the sole shortcoming of ZK-Rollup, making it impossible to execute decentralized apps (dApps) such as the DeFi protocol. This will soon change since ZK-Rollup is providing EVM compatibility for several of the large projects now under development, such as Scroll, Taiko, Polygon, and ConsenSys. One possible candidate to tackle this issue is Kakarot zkEVM. Kakarot zkEVM, a Cairo-based Ethereum Virtual Machine (EVM), announced on June 2 that it had completed its pre-seed investment round. Among others who have contributed include Ethereum co-founder Vitalik Buterin, Ledger co-founder and VP of innovation Nicolas Bacca, and blockchain…
NFT The July 2022 announcement that Minecraft planned to ban the use of NFTs on player-run servers sent a shockwave through the Web3 world. Nearly a year later, however, that planned action has yet to take effect—but it’s still coming. Microsoft-owned game developer Mojang issued a news post last summer saying that it would update the game’s usage guidelines to spell out specific restrictions regarding the use of NFTs, or unique assets tokenized on the blockchain. Broadly, Mojang wrote that “integrations of NFTs with Minecraft are generally not something we will support or allow.” Microsoft’s Minecraft to Ban NFTs on…
Unity has recently announced it added a new decentralization category to its asset marketplace – Unity Asset Store, where developers can buy Web3 assets and other resources to use in their projects for shipping games faster without having to create everything from scratch. The renowned game engine is one of the most popular players in the gaming industry. Its 2022 report, based on data gathered from 230,000 Unity developers – showed that the number of new creators was up 31%, and the number of games created on its platform was up 93% in 2022 compared to 2021.With this move, Unity will help game…
The Solana Foundation has rejected the U.S. Security and Exchange Commission’s (SEC) classification of its SOL token as a security. Polygon Labs also shared this sentiment, stating that they developed and deployed MATIC outside the U.S. On June 10, the Solana Foundation expressed willingness to cooperate with regulators to provide further clarity for the emerging industry. On the other hand, Polygon Labs noted that it did not target the U.S. market with the MATIC coin. Solana Willing to Work With Regulators Earlier this week, the SEC took legal action against crypto exchanges, Binance and Coinbase, accusing them of violating federal…
BTC holders grabbed the chance to top up portfolios amid recent discounts. Ancient coins increased spending, but whales may have filled the gap. Over the last few days, Bitcoin’s [BTC] price has been negatively impacted by the actions of external forces in the market. Despite showing strength at some point, the coin’s value decreased below the $26,000 region. How much are 1,10,100 BTCs worth today? However, Bitcoin investors have displayed remarkable resilience in the face of price fluctuations and market turbulence. According to Glassnode, the cohort has decided to Hold On to Dear Life (HODL) irrespective of the challenges. At…
XRP’s standout performance within the cryptocurrency market continues to gather steam, contributing to a sharp uptick in its market share. This growth has propelled XRP’s dominance to an eight-month peak. In parallel, crypto market analysts foresee a possible XRP rally, predicting a huge increase that could thrust its value up to $0.9.XRP Price AnalysisJD, a prominent figure in crypto market analytics, recently shone a light on this notable increase in XRP’s market stature. Looking at a 2-week timeframe on the XRP Market Cap Dominance chart, he identified XRP’s successful defiance of a protracted 5.5-year downtrend, which it achieved during its…
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TL;DRWe have a theory: ‘it’s cheaper’ trumps almost all other advantages.Amboss has just released the LINER (Lightning Index Rate) Index which allows companies to clearly see the difference between how much it would cost to transact on the Lightning Network vs. how much they pay in transaction fees with their existing payment processors (e.g. Stripe).The hope is that by visually displaying the potential savings, it will push companies to make the switch over to the Lightning Network.Full StoryWe have a theory: ‘it’s cheaper’ trumps almost all other advantages.There are some amazing technologies out there – take solar for example.It works…
Imagine a gaming experience that lets you have fun, engage with others, and earn rewards all at the same time. Enter Gala Games, a platform that’s making waves in the play-to-earn gaming space. This article will provide you with an in-depth understanding of Gala Games and explore how it’s shaping the future of the gaming industry. So, let’s dive right in!The Gala Games PlatformGala Games, founded by an experienced team of developers and entrepreneurs, is a groundbreaking platform that aims to transform the way we perceive and interact with online games. Its core components, including the Gala Games Node, Store,…
A widely followed crypto analyst thinks XRP and Litecoin (LTC) can rally if Bitcoin (BTC) can overcome a key price level. Crypto trader Michaël van de Poppe tells his 657,400 Twitter followers that BTC must rise above $26,800 to have a chance of rallying. “The lower timeframe picture for BTC is quite simple. We need to break through $26,800 in order to have a continuation going here. That means, if we break and flip that level, $27,500 is on the cards, but most likely $28,000 & breakouts on XRP and LTC.” Source: Michaël van de Poppe/Twitter Bitcoin is worth $26,551 at time…
