Author: Crypto News Live

According to a recent report by Bloomberg, employees at Meta who are working on developing the metaverse are not enthusiastic about using the company’s VR headsets. The headsets have been described as “uncomfortable” and “glitchy” by several employees who spoke anonymously.Challenges in VR Adoption at MetaMeta’s vision revolves around creating a metaverse where people can use VR headsets to socialize and work in a digital world. However, the report suggests that many employees across different teams, including the VR section, have not been actively using the headsets for their work. While Meta provides headsets to employees participating in internal testing programs,…

Bitcoin’s blocks were reaching maximum capacity. Miner revenue declined while hash rate increased. Since reaching the $30,000 price threshold, the price of Bitcoin [BTC] has been the subject of intense speculation. While many holders remain optimistic about the king coin’s future, there have been growing concerns regarding its stability. From blocks to bubbles According to Messari, Bitcoin’s blocks were reaching their maximum capacity at press time, causing congestion and an inability to accommodate additional transactions. This congestion has historically been observed during speculative bubbles in the Bitcoin market, where heightened transaction demand has overwhelmed the network. Source: Messari However, a…

Blockchain Zero-knowledge rollup solution zkSync Era has added its first liquid staking protocol, Rocket Pool, to its network. ZkSync Era first launched on Ethereum in March. Including Rocket Pool, 58 projects are now live and operating on the layer-2 solution. Users will have the ability to stake ether (ETH) on Era through holding rETH in their wallets, with staking rewards occurring automatically, just like on mainnet. Nick Ashley, Rocket Pool’s marketing manager, told Blockworks that Rocket Pool has had to face specific challenges that present themselves in keeping the protocol running smoothly while staying true to the ethos of decentralization…

NFT PancakeSwap is announcing the highly anticipated release of the official Pancake Protectors NFT collection on its cutting-edge NFT Marketplace, which is an exciting development for fans of digital art and gaming. Users now have the option to acquire and trade Pancake Protectors NFTs, including a variety of Normal and Exclusive variations, as a result of this launch. These unique digital assets are extremely valuable since they can improve players’ in-game characters and take the gaming experience to new heights. Company Awards Beta Week Players Normal NFTs, Recognizing Exceptional Skills The company has given its best players who took part…

A two-month-long lull in cryptocurrency optimism has seen online search interest for “crypto” and other common cryptocurrency terms stumble down to late 2020 levels.According to data from Google Trends, the term “crypto” currently has a score of 17, which is well off its reference point of 100 in May 2021. Bitcoin (BTC) and Ethereum have followed a similar downward trajectory. However, search interest for these terms has been in a relatively consistent decline since May 2022, about a month after much of the Terra Luna ecosystem collapsed. A small spike in interest came in early November when the crypto exchange FTX collapsed.Search interest…

Bitcoin defied the bear market with record-high addresses and ongoing accumulation trends. Undervaluation persisted as price showed signs of a rebound and positive flows across exchanges. Recent statistics indicated that Bitcoin [BTC] had defied the extended bear market by witnessing a surge in addresses. Notably, these addresses have continued to accumulate BTC and have recently reached an all-time high, marking an impressive milestone. Small Bitcoin holders pile up more Glassnode Alerts recently shared an intriguing Bitcoin observation. Despite the unpredictable fluctuations in Bitcoin’s price, certain Bitcoin addresses have been engaging in an impressive accumulation spree. The Glassnode chart vividly portrayed…

The Bitcoin market dominance continued to range around 48 percent with BTC price showing signs of further capitulation in the near future. If Bitcoin bulls do not take charge from current levels, the top digital asset is expected to fall further towards $24k and $25k. As a result, top digital assets including Ethereum and BNB could follow the same path as crypt money flows towards low-cap altcoins.Santiment Take on Bitcoin and Top Undervalued Altcoins📊 Several of the largest #altcoins show undervaluation when combining short, mid, and long term realized capitalizations. Market caps are above realized caps for $XRP, $ADA, $DOGE,…

Blockchain Leveraging STARK proofs for provable transactions and blocks, Kakarot zkEVM ensures transparency and security. It can inherit security from Ethereum L1 thanks to validity proofs while enabling lower costs. According to Johann, a core Kakarot dev, “with trustless compute, you shift what’s possible without losing the plot of decentralization.” As would Johann, a core Kakarot dev, put it: “with trustless compute, you shift what’s possible without losing the plot of decentralization.” — Kakarot zkEVM (@KakarotZkEvm) June 2, 2023 Kakarot will exist as an EVM within Starknet L2 in Phase 1, allowing developers to deploy their Solidity contracts directly on…

NFT Nike Virtual Studios, the digital division of the sportswear giant, and video game developer EA Sports have teamed up to bring digital items from the Nike .SWOOSH platform to the EA Sports gaming ecosystem. Details on the partnership are limited, but Nike said in a press release that the collaboration will allow .SWOOSH members and EA Sports fans to “express their personal style through play.” EA Sports is a division of Electronic Arts that has released games like FIFA, Madden NFL, and more. Last week, Nike’s .SWOOSH platform released its first non-fungible token (NFT) sneaker collection, with sales exceeding…

TL;DRToday (Mon 5th June), Coinbase is launching Bitcoin and Ethereum institutional futures contracts.The problem for institutional investors is: crypto is historically volatile, regulation isn’t entirely clear, and there’s a simple lack of trust about the space. This may solve those issues.If this works out as we hope it does, this could open up the world to institutional crypto investment which is a big part of mass adoption.Full StoryCoinbase is getting creamed by Blur’s NFT lending protocol, and even Uniswap’s crypto trading volume.But it doesn’t mean they’ve stopped innovating.Today (Mon 5th June), they’re launching Bitcoin and Ethereum institutional futures contracts.Here’s what…