Author: Crypto News Live

What is GBRC721? The protocol’s full name is Generative BRC-721, and its creator is Jerry (Twitter handle @0xJerry543). Jerry also founded the Bitcoin NFT project DogePunks. The GBRC72 standard is a way to optimize block space use in the Bitcoin ordinals ecosystem, allowing more producers can participate and encouraging innovation. A “deploy” procedure is used in the standard to establish a GBRC72 collection with unique qualities kept on-chain. The attributes from the deployment process are then referenced by a “mint” operation, which yields Non-Fungible Ordinals. This method reduces block space utilization by 50% to 90%. The proposed standard’s effect was…

NFT MoonPay, a $3.4 billion crypto startup backed by a host of Hollywood heavyweights, gifted celebrities valuable NFTs at the height of the crypto craze in late 2021, according to sources with direct knowledge of the matter. For more than a year, observers have speculated that at least some of the many celebrities MoonPay helped acquire Bored Ape Yacht Club NFTs were given the digital collectibles in exchange for promoting the company and the valuable non-fungible token collection. Now, two people familiar with the matter told The Block that MoonPay did give at least some of the celebrities Bored Ape…

TL;DREvery ~4 years, BTC becomes twice as hard to mine – and because there is a fixed supply of 21M BTC ever created, the ‘Bitcoin halving cycle’ has historically marked the start of a bull run.Post-halving, it will become twice as hard to mine the same amount of BTC; so mining costs are expected to roughly double, making the breakeven point somewhere between $20,000-$30,000.The good news is: the BTC halving cycle does make BTC more scarce. So as long as demand remains the same, the value of BTC should theoretically go up.Full StoryEvery coupla weeks we write a piece on…

Ethereum consolidated dominance in DeFi with TVL and DEX growth. The NFT sector faced declining prices, however, validators remain interested. Ethereum [ETH] has continued to assert its dominance in the crypto sector, particularly in NFTs and DeFi. Recent observations suggested that Ethereum was consolidating its position in the DeFi sector, which could be seen as a positive development for the network. Is your portfolio green? Check out the Ethereum Profit Calculator Growth in the DeFi sector According to data from Messari, the Total Value Locked (TVL) in DeFi witnessed an increase during the market rebound, with Ethereum emerging as one…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Solana registered large losses in the market in recent days. The lower timeframes showed extreme volatility and risk-averse traders can stay away from SOL in the coming days. Another day, another market-wide nuke. Welcome to the crypto space, where a 25% price drop genuinely represents a long-term buying opportunity. The argument behind a Solana recovery is the degree of decentralization of the network. Development activity was at six-month highs as well, according to Santiment data. Realistic or not, here’s…

Blockchain Polygon Labs president emphasizes democratizing the internet through Web3 technology. Wyatt says,Regulatory alignment is crucial for US to maintain competitive edge in blockchain. The United States House of Representatives Energy and Commerce convened on June 7 for an insightful discussion on the future of blockchain technology and Web3. Prominent industry leaders, including Polygon Labs president Ryan Wyatt engaged in a constructive engagement focused on democratizing the internet and addressing regulatory hurdles. The hearing took place in the wake of the Securities and Exchange Commission’s announcement of back-to-back lawsuits against major crypto exchanges Binance and Coinbase. Amidst this backdrop, Wyatt’s…

NFT Agoria is revolutionizing the music industry by granting fans ownership rights to his upcoming album through NFTs, creating a unique and immersive experience for his audience. Renowned French DJ, producer, and NFT artist Agoria is spearheading a groundbreaking initiative that challenges the traditional norms of the music industry. In an exciting move, Agoria is giving fans the chance to own his upcoming album through non-fungible tokens (NFTs). This innovative approach not only bridges the gap between the artist and their fans but also transforms the concept of ownership in the digital age. By leveraging the power of blockchain technology,…

Binance, one of the leading cryptocurrency exchanges, has announced its support for Bitcoin NFTs. This comes at a time of significant turmoil in the crypto industry, showing Binance’s commitment to embracing the growing NFT sector.Binance’s Entry into Bitcoin NFTsThe introduction of Bitcoin NFTs on Binance’s marketplace positions it as a major contender in the race to facilitate transactions and trading. Binance joins the likes of Magic Eden, another platform that has recognized the potential of Bitcoin NFTs and has already extended its support.With the latest update, Binance has added an impressive list of Bitcoin-themed NFT collections to its marketplace. The newly available collections…

Bitcoin’s Implied Volatility begins to decline. Options market expects sideways momentum for BTC in the future. Price and velocity declined, indicating low transaction activity around BTC. Bitcoin’s price has seen some harsh volatility over the last few months, however over the last few days it has appeared that BTC is expected to move sideways in the near future. Is your portfolio green? Check out the Bitcoin Profit Calculator Some stability for BTC in the future? This was indicated by the declining Implied Volatility for Bitcoin. According to glassnode’s data, it has started to reach new lows. This showcases the options…

Topia announces plans to re-open their staking program for World NFTs on June 14th. This system will reward landowners with TOPIA tokens for holding and staking their land NFTs, and will also function as an important cog in the larger, Topia ecosystem. When NFT Worlds rebranded to Topia, they also relaunched their World NFTs, and paused their NFT staking feature. But things are starting to come together for the Topia team, and they are ready to restart their staking program! Staking Worlds for TOPIA Tokens The Topia World staking program launches on June 14th. This incentive-based system rewards World owners…