Author: Crypto News Live

ApeCoin holders face financial losses as 95% experience negative returns. Rising negative sentiment, declining network growth, and dominance of short-term holders pose challenges for ApeCoin’s price. The Yuga Labs NFT collection has enjoyed significant dominance in the NFT market for quite some time. However, despite the immense interest surrounding these NFTs, ApeCoin has not witnessed a corresponding growth in its value. Recent data reveals potential challenges for ApeCoin and its holders. Is your portfolio green? Check out the APE Profit Calculator Not Apeing in According to Pauly, the founder of NotLarvaLabs, an alarming 95% of ApeCoin holders find themselves in…

Kraken, a U.S.-based cryptocurrency exchange, has announced the official launch of its NFT marketplace following the successful completion of its beta testing phase. According to a press release, the marketplace will support over 250 NFTs across multiple blockchains, including Ethereum, Solana, and Polygon. In November 2022, Kraken introduced a public beta version of its NFT platform, which initially featured a carefully curated selection of 70 NFT collections on Ethereum and Solana. However, with the platform’s public launch, Kraken has broadened its offerings to include low-cost collections that can be purchased for under $100. In addition to CryptoPunks and Bored Apes,…

Blockchain Decentralizing Ethereum layer-2 solutions has been an ongoing challenge for ecosystem participants, but Figment Capital thinks that distributed sequencer technology (DST) could put an end to this headache. Sequencers are blockchain nodes run by layer-2 solutions to reach consensus. They are a critical tool to help build and propose blocks, and significantly reduce the cost to transact on Ethereum. In today’s ecosystem, layer-2 solutions largely maintain only one sequencer — meaning that it is subject to centralization risks. If rollups end up being centralized systems built on top of a decentralized network, then it defeats the purpose of having…

In the wake of the U.S. Securities and Exchange Commission (SEC) recently charging Binance and Coinbase with securities laws violations, Input Output (IOG), the firm behind much of Cardano’s research and development, has issued a statement refuting the SEC’s characterization of Cardano’s native token, ADA, as an unregistered security. On June 5, 2023, the U.S. SEC made the following announcement in a press release: “The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates…

Bitcoin and Ethereum defy negative market sentiment, witnessing a trading volume surge to month-high levels. Traders maintain a positive outlook on BTC and ETH as flows remain negative. Bitcoin and Ethereum, along with the entire cryptocurrency market, responded to the recent move by the Security and Exchange Commission (SEC). Nevertheless, there has been a notable turnaround following the noticeable decline in trading activity triggered by the SEC’s latest action. Realistic or not, here’s ETH’s market cap in BTC terms Bitcoin and Ethereum volume surge to month-high Following the SEC’s announcement that Binance US and Coinbase were facing legal action, major cryptocurrencies,…

The post Ethereum is Poised to Hold $1800- Will ETH Price Break Above Resistance Line? appeared first on Coinpedia Fintech News The crypto market has recently met a sharp collapse, creating panic selling among investors. The Securities and Exchange Commission (SEC) has recently filed lawsuits against two major cryptocurrency exchanges, Binance and Coinbase, leading to a significant downturn in the market. This bearish momentum has created a bloodbath in the crypto arena, with Ethereum (ETH) gaining attention. However, despite the negative news, the ETH price continues to show positive momentum, leaving investors on the edge of the next price level. …

Generative artist Emily Xie has teamed up with the Los Angeles County Museum of Art (LACMA) to launch her latest collection, Interwoven. Xie, best known for her generative collection Memories of Qilin, is once again using the power of code to create enchanting pieces. This collaboration between the notable artist and museum holds a unique impact, as LACMA has quickly become a hot spot for digital art. The museum started a fund dedicated to acquiring digital art in 2022 and, since then, expanded its collection with NFTs donated by Cozomo de’ Medici. As part of the “Remembrance of Things Future”…

Blockchain Transparency, egalitarianism, and inclusiveness — these are the fundamental principles behind bitcoin (BTC), the software that spawned the rapidly evolving crypto industry. However, with the acceleration of this relatively nascent sector, it has become evident that these values aren’t always fully realized, as underlined during the “Crypto Integrity: Zero Knowledge Protocols and the First Decentralization Index” panel at the recent Money20/20 event. Participants Aggelos Kiayias from the University of Edinburgh and Joel Telper from Input Output Global delved into the critical challenges the industry is grappling with, highlighting the potential of zero-knowledge protocols and the development of a decentralization…

NFT Clay Nation will be forming a collaboration with The Sandbox, which will be the first Cardano-oriented project on the platform and will come with a fresh lease of life for The Sandbox ecosystem. There will also be additions made to the overall volume of connected players in their favor. Incidentally, this is exactly a situation that The Sandbox had been looking forward to for a long time, and they are extremely pleased with the fortunate turn of events. Clay Nation, on its own part, is a multi-faceted clay animation, as well as a digital collectible and metaverse-related project. Their…

Hong Kong Legislative Council Member and Co-founder of G-Rocket, an incubator firm, Wu Jiezhuang, said the region faces a Web3 talent shortage.In an interview with Chinese-language crypto publication Chain Catcher, Jiezhuang covered several points, including developments at G-Rocket, the impact of the Virtual Assets Service Provider (VASP) licensing system in Hong Kong, and the government’s support for Web3.Commenting on the Hong Kong government’s previously tough stance against the industry, Jiezhuang said local policies were always relatively open, even before June 1, when the Securities and Futures Commission (SFC) opened up applications for crypto trading licenses.To dismiss fears over applying for…