Author: Crypto News Live
GameFi Blockchain gaming provider Polemos has announced a new chain-agnostic blockchain game platform it calls “The Armory.” This platform intends to offer gamers the ability to rent digital assets without collateral or deposit requirements. Traditionally in gaming, digital asset rentals require a deposit, or the borrowers are only given copies of the original item. The Armory, on the other hand, will not ask for any collateral or deposits beyond a borrowing cost and give users the chance to use the digital assets as they like. Players retain any rewards earned through their borrowed items, giving them an opportunity to experiment…
Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI). On June 8, Democratic Senator Gary Peters, and Republican Senators Mike Braun and James Lankford, introduced the first bill, which would require the government to be transparent with its AI usage. Under such a measure, U.S. government agencies would need to inform the public when it uses AI to interact with them, along with a system for citizens to appeal any decisions made by AI. Braun stated: “The federal government needs to be proactive and transparent with AI utilization and…
Sellers dominated NFT trading as volume decreased across exchanges. Polygon, Solana, and Ethereum-based projects witness decreased activity. The Non-fungible Token [NFT] market experienced a surge in interest as collaborations and collections like Milady [LADYS] captured the attention of traders. However, recent data suggested that the excitement may be fading. NFTs on sale According to NFTstatistics.eth, the past few days have witnessed the highest percentage of Ethereum [ETH] volume on Blur [BLUR], with sellers overwhelmingly dumping into bids. This trend, where 92% of ETH’s volume has consisted of dumping into bids, is a negative indicator for the NFT market. It implies…
Compared to catastrophic incidents of 2022, BTC’s short-term holder supply sent to exchanges remained low. Most of the investors in this cohort have been selling at a loss on average. The ongoing market mayhem triggered by U.S. regulators’ actions has significantly impacted the performance of Bitcoin [BTC] and other altcoins, with FUD becoming the order of the day. How much are 1,10,100 XRPs worth today? Generally, periods like this test the resilience of short-term holders (STH) who are the first to jump ship in response to market fluctuations. While this has been true to some extent, the bigger picture narrated…
Blockchain Base, a Layer 2 network in development by Coinbase, reported that more than one million wallets initiated smart contracts on its test network during the Builder Quest period. This initiative was designed to identify potential issues in the network, which is still a testnet, under high stress conditions. With this surge in activity, the team was able to identify critical stress points in both the platform’s design and infrastructure, which it is now actively addressing. Yet it found these issues difficult to solve while keeping the whole system working as intended. During this testing phase, the network faced a…
NFT Global sports apparel company Puma is continuing its foray into Web3 with a sneaker-based collaboration with NBA star LaMelo Ball and the NFT project Gutter Cat Gang. Titled “GutterMelo MB.03,” the limited-edition kicks will initially be sold for $175 via the OpenSea marketplace as an NFT collectible on June 29. The NFT can later be redeemed for the physical sneakers during a month-long window from July 18 through August 20. A Puma representative told Decrypt that the total number of NFTs has yet to be announced. Ball, a young star in the NBA who was drafted third overall in…
Cardano (ADA) is a popular cryptocurrency known for its innovative blockchain technology and focus on security and scalability. In this technical analysis report for 9 June 2023, we will examine key indicators and interpret their values to provide insights into ADA’s potential price targets. Current Price: $0.317140 (as of 6:20 a.m. CT on 9 June 2023) Moving Averages: Moving averages help identify trends by smoothing out price fluctuations. The 5-day moving average ($0.333938) reflects recent price action, while the 20-day moving average ($0.361252) indicates an intermediate-term trend. The 50-day moving average ($0.380643) shows the long-term trend. These values suggest a…
Two US Senators are reportedly asking the Department of Justice (DOJ) to investigate crypto exchange Binance for allegedly lying to Congress. According to a new report by Reuters, Democratic Senators Elizabeth Warren of Massachusetts and Chris Van Hollen of Maryland recently penned a letter to the DOJ claiming that Binance, the largest crypto exchange platform by volume, gave misleading information to Congress. The Senators allege that Binance lied to a panel of bi-partisan lawmakers earlier this year who were gathering information from industry leaders as they weighed possible new regulations. As stated by the Senators in the letter, “It appears…
In the midst of the recent market downturn caused by the legal actions targeting leading cryptocurrency exchanges Binance and Coinbase, there is a glimmer of hope for XRP. A well-known technical analyst believes that XRP is exhibiting signs of a bullish pattern amidst the prevailing bearish sentiment. The upcoming release of certain emails could have a significant impact on XRP and the broader crypto space, potentially affecting the SEC’s cases against various crypto firms.Cheeky Crypto in a new YouTube video suggests that XRP may need to decline further before the next upward move. Support levels around $49.95 to $50.42 are…
Recent developments have emerged following lawsuits by the Securities and Exchange Commission (SEC) against two of the globe’s leading cryptocurrency exchanges. On June 5, the SEC filed a comprehensive lawsuit accusing Binance of mismanagement of customer funds and deception towards regulators and investors about its operations. The next day, the SEC leveled allegations against Coinbase for allegedly operating as an unregistered broker of securities, an unregistered exchange, and an unregistered clearing agency. Now, additional aspects of the Binance lawsuit have emerged, encompassing claims of deceptive practices from Binance and allegations aimed at SEC Chair Gary Gensler. U.S. Senators accuse Binance…
