Author: Crypto News Live

A closely followed crypto strategist is outlining how Bitcoin (BTC) can regain its bullish momentum and rally toward a fresh all-time high. Pseudonymous analyst Credible Crypto tells his 340,600 Twitter followers that Bitcoin bulls have successfully defended a critical support level at $25,000 following Monday’s corrective move. According to Credible Crypto, a move below $25,000 will likely be driven by forced liquidations, which he thinks would be favorable for long-term BTC bulls. “I consider the 1st target met at this point – which means anything lower is a ‘bonus.’ Will only be driven by forced liquidations and the minute we…

Excitement is building in the crypto space as VanEck, an investment firm, unveils a stunning prediction for Ethereum’s future. Their analysis suggests that Ethereum’s annual revenue could surge from $2.6 billion to a staggering $51 billion by 2030, potentially catapulting the price of Ethereum to an impressive $11.8k. Here’s his bullish outlook on ETH: Using an innovative approach, The analyst considers transaction fees, Maximal Extractable Value (MEV), and the concept of “Security as a Service” to evaluate Ethereum’s potential. Whereas their valuation model paints a vivid picture of Ethereum’s bright future.Factoring $11.8k Price Target?By factoring in a validator fee of 1% and…

One day after charging Binance with 13 counts of securities laws violations, the U.S. Securities and Exchange Commission (SEC) has set its sights on Coinbase. On June 6, the SEC announced that it was suing Coinbase for allegedly operating as an unregistered broker of securities, an unregistered exchange, and an unregistered clearing agency. Further, the SEC claims that Coinbase’s staking program violates the Securities Act. Today we charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency and for failing to register the offer and sale of its crypto asset…

Blockchain Swift – the interbank messaging system and Chainlink (LINK), a provider of real world data to blockchains, will be collaborating with dozens of financial institutions to test how they can connect with multiple blockchain networks, according to a press release on Tuesday. In a new set of experiments, Swift will partner with major TradFi institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group. The goal is to test how these institutions can use the Swift’s infrastructure to instruct the transfer of tokenized assets across blockchains, the press…

Two United States senators have questioned Meta chief executive Mark Zuckerberg over the tech giant’s “leaked” artificial intelligence model, LLaMA, which they claim is potentially “dangerous” and could be used for “criminal tasks.”In a June 6 letter, U.S. Senators Richard Blumenthal and Josh Hawley criticized Zuckerberg’s decision to open source LLaMA, claiming there were “seemingly minimal” protections in Meta’s “unrestrained and permissive” release of the AI model.Meta released its advanced AI model, LLaMA, w/seemingly little consideration & safeguards against misuse—a real risk of fraud, privacy intrusions & cybercrime. Sen. Hawley & I are writing to Meta on the steps being…

Just a day after launching a new virtual reality (VR) product line, Apple Vision Pro, the tech giant confirmed the acquisition of Mira, an augmented reality (AR) startup that provides hands-free, smartphone-powered headsets.On June 7, The Verge reported Apple’s latest acquisition was revealed through a private Instagram post shared by Mira CEO Ben Taft, which Apple later confirmed as accurate to the outlet. Expected to hit the market in early 2024, Apple Vision Pro stands as the most expensive mixed-reality gear — currently being priced at $3,499.While Vision Pro comes packed with innovations geared toward personalized virtual reality, Mira’s headsets…

The new year rally boosted BTC’s network adoption further, as more than 4.36 million non-zero addresses were added. Bitcoin stays immune to regulatory agencies’ hawkish stance The crypto market was wrecked by two major implosions last year – collapse of Terra [LUNA] in May and bankruptcy of crypto exchange FTX in November, which ultimately drove it into a crisis. However, throughout the periods of turmoil, the one thing which has stayed resilient is Bitcoin [BTC], the first and the oldest crypto asset in the market. How many BTCs can you get for $1? According to on-chain analytics firm Glassnode, addresses holding…

ThorChain got the vote of confidence to enable BNB Chain. The increase in BNB Chain’s users would not automatically salvage the tumbling ThorChain TVL. Decentralized liquidity protocol ThorChain [RUNE] announced that its community had passed the vote to integrate the BNB smart chain. As a cross-chain Decentralized Exchange (DEX), ThorChain operates on several blockchains including but not limited to Cosmos [ATOM] and Ethereum [ETH]. The nodes have passed the vote to enable BNB Smart chain – @BNBCHAIN Supporting both Beacon Chain and Smart Chain, @THORChain is essential DeFi infrastructure as a secure, neutral, native on/off ramp from the BNB ecosystem…

The Securities and Exchange Commission (SEC) has intensified its regulatory scrutiny on Web3 gaming. In a June 5 lawsuit filed against Binance, the world’s largest cryptocurrency exchange, it identified three individual gaming and metaverse tokens that it believes to be securities. Axie Infinity (AXS), The Sandbox Game (SAND), and Decentraland (MANA) were among the tokens named. The lawsuit accuses Binance of mismanagement of customer funds and deception towards regulators and investors about its operations. Several major tokens were also deemed potential securities, including SOL, MATIC, ADA, BNB, and BUSD. The Web3 gaming community has reacted to these regulatory developments, sparking speculation…

Blockchain A well-known decentralized exchange platform SushiSwap has recently begun a collaboration with ThunderCore (a prominent Layer-1 blockchain network). The partnership’s purpose is to bring innovation to the gaming sector within the Web3 world. The integration between both companies attempts to enable liquidity providers (LPs) to eagerly predict boosted APRs. SushiSwap Begins a Collaboration with L1 Blockchain Network ThunderCore On Sushi’s official Twitter handle, the company provided the details of the collaboration. The platform mentioned that ThunderCore operates as a blockchain forum that offers efficient services. It added that the platform provides great attention to usability, security, as well as…