Author: Crypto News Live
San Francisco-based centralized exchange Kraken has made a significant entry into the NFT market with the official launch of its highly anticipated NFT marketplace. The platform offers a wide selection of over 250 unique NFT collections, aiming to provide a competitive and user-friendly experience for NFT enthusiasts.Kraken’s NFT marketplace has been in development for over a year, starting with a public beta version of its testnet in November. During the beta phase, the platform supported NFT collections from Ethereum and Solana blockchains. With the public launch, Kraken has expanded its offerings to include digital collectibles from Polygon as well. Notably,…
Ascenders takes you on a journey into a new science-fantasy world. The stage is set for a multi-dimensional gaming experience underpinned by a DeFi-based economy and an evolving player-driven narrative.As a teaser to the full-blown RPG adventure, the “Ascenders Simulation” is slated for release this month, with the full game set to launch next year. Read on to explore the game’s mechanics, economy, and NFTs that could make Ascenders the next big thing in Web3 gaming.What Is Ascenders?Ascenders is an original AAA multiplayer open-world Action RPG inspired by well-loved titles such as “Zelda: Breath of the Wild” and “Eve Online.”…
After a period of relative calm, the United States Securities and Exchange Commission (SEC) kicked off its summer crypto crackdown by targeting two major exchanges, Binance and Coinbase.A total of 13 charges have been filed against Binance. One of the allegations in the suit claims that funds from Binance and Binance.US were commingled into an account controlled by the Changpeng Zhao-associated company, Merit Peak.As for Coinbase, the SEC claims it has been offering unregistered securities and was never registered as a broker, securities exchange or clearing agency. Many in the crypto industry have been puzzled by the allegations against Coinbase,…
The U.S. Department of Justice has charged two Russian nationals for hacking Mt Gox and laundering the stolen crypto. The two Russians have been accused of stealing some 647,000 BTC between 2011 and 2014. The Russians are facing two charges, conspiracy to commit money laundering and operating an unlicensed money service business. If convicted, the defendants could be sentenced to a combined penalty of 45 years in prison. The U.S. Department of Justice’s Criminal Division, along with the Southern District of New York and the Northern District of California, has filed charges against two Russian nationals in connection with the hacking of Mt…
A former high-ranking official at the U.S. Securities and Exchange Commission (SEC) thinks digital asset investors should “get out of crypto platforms now.” John Reed Stark, who founded the SEC’s Office of Internet Enforcement and spent 11 years as its chief, says crypto exchanges are under “a US regulatory/law enforcement siege which has only just begun.” Stark notes that he has been an SEC critic in the past, but believes the regulator’s recent crypto enforcement actions have been “spot on.” “No matter what the carnival barkers promise, it is axiomatic that crypto trading platforms are high-risk, perilous and inherently unsafe.”…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Cardano suffered enormous losses in recent days, but many major altcoins also saw large drops in prices. The price action did not indicate a higher timeframe reversal was likely in the coming days. A recent report highlighted the bearish picture that Cardano [ADA] painted on its price charts. The fall below the $0.348 mark set the stage for bears to take control of the market on the higher timeframes. How much are 1,10,100 ADAs worth today? The SEC labeled…
On Friday, June 9, Crypto.com, the Singapore-based cryptocurrency exchange, announced the suspension of its institutional exchange services in the United States, according to a statement from the company. The decision, set to take effect starting June 21, 2023, is primarily attributed to the lackluster demand from institutional customers in the prevailing market scenario. Institutional clients, typically large, accredited entities with substantial investment capacities, have been the target audience for Crypto.com’s institutional service. However, the current market landscape, most recently led by stringent regulatory scrutiny and volatile conditions, has led to a decline in demand from these institutional entities. Credit: Crypto.com…
Blockchain The well-known blockchain venture accelerator Cronos Labs has announced a new collaboration with Google Cloud. Cronos Labs focuses on social applications, Web3 games, and decentralized finance (DeFi). The platform’s unique partnership targets to offer resources to the ventures. This would let them create Web3-related innovative AI-enabled applications to enrich the Cronos ecosystem. In this partnership, Google Cloud will provide Google Cloud credits for the projects in the Accelerator Program. Google Cloud Joins Forces with Cronos Labs to Enhance Web3 Innovation with AI Technology This will enable the ventures to take benefit from the services infrastructure, and products of Google…
NFT Luca Netz, the chief executive officer of intellectual property firm and non-fungible token (NFT) collection Pudgy Penguins, is set to launch a Web3 licensing marketplace named Overpass as early as late June. See related article: Japan’s ANA airline launches NFT marketplace, sees future in metaverse projects Fast facts Netz unveiled his plans for the platform in a recent interview with Web3-focused media firm nft now, claiming NFT licensing will shift the industry from the “Ponzinomics” model and foster sustainable growth by focusing on tangible, real-world revenue. Overpass has been developed as a solution to the complex and often cumbersome…
The post Ripple News – Crypto Analyst Predicts Major Breakout For XRP Price: $1.4 On The Horizon? appeared first on Coinpedia Fintech News The XRP market has significantly outperformed the top digital assets in the past month with a jump of about 24 percent. Other digital assets in the same class as XRP including Cardano (ADA), and Solana (SOL) among others have dropped double percentage points in the past month. XRP’s Resilient Performance The XRP market has strongly held its position in the past two years even with the heightened negativity from the SEC vs Ripple case. Now that other…
