Author: Crypto News Live

NFT While non-fungible token (NFT) trading volumes slumped in May, the adjacent NFT lending space is blooming. And so far, reviews are mixed. NFTfi – an evolving term for technology that sits at the intersection of NFTs and decentralized finance (DeFi) – is on the rise. NFTfi encompasses a range of tools that aim to offer broader utility and liquidity for NFTs, including NFT collateralized loans, fractionalized tokens and renting or lending NFTs. What started as a way to capitalize on the bull run of NFTs in 2021 has recently exploded in popularity as major Web3 players entered the market.…

TL;DRA few hundred select Louis Vuitton customers will be granted permission to buy a ~$42k ‘Treasure Trunk’ NFT, which cannot trade or transferred after purchase.The NFT will get them a physical made-to-order Louis Vuitton trunk, and grant them access to exclusive customizable products, early releases of new products, bespoke experiences.Full StoryTo us, the difference between ‘retail’ and ‘luxury retail,’ is like the difference between ‘physics’ and ‘quantum physics.’A whole new set of rules apply.Take this Louis Vuitton limited NFT series for example…A few hundred select LV customers will be granted permission to buy a ~$42k ‘Treasure Trunk’ NFT, each of…

Pro-Bitcoin (BTC) presidential bidder Ron DeSantis has been tagged for apparently using artificial intelligence-generated images in an ad campaign smearing rival and former president Donald Trump.It comes amid a rise in AI-generated deep fakes being used in political ads and movements in recent months.On June 5, DeSantis’ campaign tweeted a video purporting to show Trump’s close support of Anthony Fauci, the chief medical advisor to Trump when he was president of the United States.Fauci is a contentious figure in GOP circles for, among other reasons, his handling of the federal response to the COVID-19 pandemic which many deemed to be…

Chainlink [LINK] attracts increased attention with a surge in social volume and development activity. Despite positive metrics, Chainlink’s price remains bearish, as indicated by the Relative Strength Index (RSI) line. According to recent metrics, Chainlink [LINK] has emerged as a subject of increased interest amid the bustling crypto realm. How has this newfound attention influenced its price? Additionally, what factors might be responsible for the surge in attention from the crypto community? Read Chainlink’s [LINK] price prediction 2023-24 Chainlink sees a surge in social volume Due to recent developments, Chainlink has recently garnered significant attention from the crypto community. According…

A lot has changed in the NFT space over the last few years. While in 2021, nonfungible tokens absolutely exploded, in 2022, Web3 saw the maturation of the NFT space fast-tracked thanks to a bear market. Sure, artists still found ways to sustain themselves, and NFT collectors evolved into prominent Web3 builders, but the wild west that was the NFT market cooled off significantly. Of course, this isn’t a bad thing. Far from it, in fact. While numerous investors and influencers quickly became quiet when the million-dollar profits stopped coming in, the NFT space as a whole was propelled forward.…

Blockchain Arbitrum became one of the most utilized LayerZero. The growth of Arbitrum One on Layer Zero has witnessed a significant rise. LayerZero Labs, an omnichain interoperability protocol, has announced that it is now live on the Arbitrum Nova mainnet. The integration allows for ultra-low transaction costs. It increases the adoption of Arbitrum Nova, particularly in the gaming space. LayerZero is now live on @arbitrum Nova mainnet! pic.twitter.com/HX0OHQWdw1 — LayerZero Labs (@LayerZero_Labs) June 7, 2023 According to the report, the LayerZero projects built on the Arbitrum Nova mainnet allow users to seamlessly extend their applications to the 30+ chains in…

NFT This week has seen Noel Gallagher’s High Flying Birds—the current band of the famed Oasis rocker—locked in a battle with the Foo Fighters in a bid to top the Official UK Album Charts. And now Gallagher is turning to music NFTs to potentially help close the gap between them. Noel Gallagher released “Council Skies,” his fourth studio album with the High Flying Birds, last Friday, June 2—the same day that the Foo Fighters dropped “But Here We Are,” their first album since the tragic passing of drummer Taylor Hawkins. In a midweek update shared yesterday by the Official Charts…

With NFTs gaining popularity as unique digital collectibles and investment opportunities, understanding whether they fall within the regulatory framework of securities is an important consideration. This article delves into the concept of NFTs as securities and provides insights into the Howey Test, a legal framework used to evaluate whether an investment qualifies as a security.The Howey TestThe Howey Test, named after a landmark U.S. Supreme Court case, is widely used by regulatory authorities, including the Securities and Exchange Commission (SEC), to determine if an investment contract should be classified as a security. The test consists of four criteria:Investment of Money: This…

Skyweaver adds a new quest system to their fantasy, web-based TCG including daily, weekly, and seasonal quests. Completing quests rewards players with points which feed into the Skyweaver battle pass system, opening up new rewards for players every season. Quests have arrived in Skyweaver, giving every player a chance to complete daily, weekly, and seasonal quests, earning experience points along the way! Quests are accessed via the top menu and the quest page shows active quests, completed quests, and timers with countdowns for the next quest resets. And if you get a quest that you don’t like or just can’t…

A widely followed crypto analyst is breaking down Bitcoin (BTC), Ethereum (ETH) and the rest of the crypto markets after a busy week. The crypto markets have been tumultuous this week, mostly in response to the U.S. Securities and Exchange Commission’s (SEC) two lawsuits against Coinbase and Binance. In its lawsuit against Binance, the SEC alleges that Binance violated securities laws by selling unregistered securities to US customers. In its similar suit against Coinbase, the SEC alleges that Coinbase violated securities laws by failing to register certain digital assets as securities. News of the Coinbase lawsuit came one day after…