Author: Crypto News Live

Luca Netz isn’t afraid to call his shots. Fresh off the headline-grabbing success of the Pudgy Toys launch, which raised more than $500,000 in two days, the Pudgy Penguins CEO has his sights set well beyond simply dominating the Amazon toy charts. “When we talk next, I will be the face of NFTs, and I’ll be on the path to being the number one NFT project in the world with the highest floor price,” he says. “That’s really my objective.” While still an ambitious assertion today, it would have sounded farfetched just a year ago when Pudgy Penguins was reeling…

Blockchain The temporary withdrawal delay was resolved promptly by the zkSync Era engineering team. Surge in network activity propels zkSync Era to top positions in TVL and Layer 2 usage. zkSync Era emphasizes continuous improvement and learning from incidents. In a recent development, the engineering team behind zkSync Era, the groundbreaking Ethereum scaling solution, has acknowledged a temporary withdrawal delay experienced by a small subset of users on their network. The delay, which lasted for up to six hours, has since been rectified. Then, all pending withdrawals have either been successfully processed or are currently being finalized. Network Update: Earlier…

NFT NFTs, or non-fungible tokens, have evolved from a niche market confined to cryptocurrency enthusiasts to a disruptive force predicted to redefine the global economy. The NFT market is set to surpass the $200 billion mark in the near future, transforming how value and ownership are perceived in both the digital and physical worlds. The Unstoppable Force of Digital Assets In 2022, the NFT market held a staggering worth of $20.44 billion. This accounts for over 72% of the global revenue of the digital assets market. Forecasts predict an impressive compound annual growth rate of 34.2% from 2023 to 2030.…

Crypto has reshaped the way we use and look at technology, and it should not be worrying. The crypto industry comes with surprising and valuable technology updates, and many other industries can benefit from blockchain. Be it healthcare, retail, government, or media, blockchain technology can significantly contribute to streamlining plenty of processes.And among all the innovations that occurred during the past years, Web3 is another great concept that truly changes the online space. And once Web3 started being developed, many Web3 companies and crypto projects started actively contributing to improving the Web3 concept and bringing it closer to worldwide users…

Retail trading giant Robinhood is reportedly reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this week against Binance and Coinbase. According to a new Bloomberg report, Robinhood’s legal chief Dan Gallagher says the company is combing through the SEC’s legal filings and deciding whether to modify the platform’s crypto trading services. Gallagher made the comments to US Congress before the House Agriculture Committee during a meeting related to digital assets. According to the report, Gallagher says that Robinhood is “actively reviewing” the SEC’s analysis “to determine what, if any, actions to take.” Robinhood customers…

XRP has attracted the attention of analysts who foresee a bright future for the digital asset. Notable traders like Kaleo and Cantering Clark have shared their insightful analysis, particularly regarding XRP’s performance compared to Bitcoin (BTC). XRP Price AnalysisKaleo points out that XRP has successfully retested its diagonal resistance level and turned it into support, indicating a potential bullish continuation. He believes that XRP is ready for another upward move, possibly following the footsteps of Tron (TRX), which recently experienced a significant rally from $0.74 to $0.85.Related: XRP Price All Set for a Big Move; Here is the XRP Price Prediction…

Aurora – an Ethereum Virtual Machine (EVM) compatible scaling and bridge solution built on top of the NEAR Protocol blockchain network – announced a strategic partnership with blockchain-based employment cooperative for the Web3 ecosystem called Opolios. Aurora-Opolios Partnership According to the official press release shared with CryptoPotato, the latest integration will enable USDC payments on the Aurora network for independent workers to ramp up payment processes, increase flexibility, and provide greater access to compensate workers in preferred currencies. This partnership between Aurora and Opolios is also expected to positively affect both Web3 businesses as well as independent workers that function…

NFT NFT-TiX and Avalanche partnership innovate ticket ownership and resale. Blockchain technology is revolutionizing the transparency of the ticketing industry. In a significant development for the ticketing industry, NFT-TiX, a leading event ticketing platform, has announced its partnership with Avalanche, a scalable smart contract platform. As part of this collaboration, NFT-TiX will exclusively use Avalanche’s blockchain technology to power its Non-Fungible Token (NFT) ticket offerings. This partnership extends further with new global festival alliances that are set to redefine the way tickets are managed and sold. Events ticketing platform @nft_tix announced they are exclusively using Avalanche to power their NFT…

BTC’s funding rate declined just before it started its recent bull rally  Bitcoin’s derivatives market indicators were bullish, as were other on-chain metrics  Bitcoin [BTC] surprised investors with price gains, which earlier took a blow. The SEC vs. Binance episode caused trouble in the crypto space, because of which almost the entire market witnessed a slight price correction. To clear the air, the SEC recently accused Binance and its founder, Changpeng Zhao, of operating a web of deception. Due to this, the government watchdog charged Binance with 13 offenses. Is your portfolio green? Check the Bitcoin Profit Calculator A look…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Lido [LDO] posted an impressive weekly return by the time of writing. It had rallied over 12% in the past seven days, as per CoinMarketCap. Put differently, it has reversed almost all the losses incurred in mid-May after dropping from $2.5 to $1.95.  How much are 1,10,100 LDOs worth today?  Unfortunately, the price action was headed to the same bearish zone and price ceiling it encountered in mid-May. With a weak Bitcoin [BTC], >27k, sellers could regain control and…