Author: Crypto News Live
Bitcoin (BTC) continues to trade sideways around the $27,000 mark as new data reveals better-than-expected US job numbers. According to an economic news release by the U.S. Bureau of Labor Statistics (BLS), payroll employment rose by 339,000 in May despite the unemployment rate increasing by 0.3% to 3.7%. “Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance.” Katie Greifeld, an analyst and…
Arbitrum and Circle to launch native USDC on the platform on June 8. ARB price increased by almost 8% in the last 24 hours. Arbitrum [ARB] recently made an intriguing revelation regarding the future of one of its bridged stablecoins. They have declared a gradual phasing out of this stablecoin on their network. The news coincides with the announcement of the official launch date for the native version of the stablecoin on the Arbitrum platform. Native USDC on Arbitrum On June 1, Arbitrum and Circle made an exciting joint announcement about the upcoming native launch of USDC on the Arbitrum network.…
Producing AI-powered artwork is now within everyone’s reach, thanks to innovative platforms like Midjourney, a stand-alone AI art application that transforms textual prompts into visual content. This incredibly powerful tool leverages the capabilities of artificial intelligence and machine learning to produce distinctive artworks in response to a user’s written instructions. Midjourney has become a favorite of the NFT community owing to its ability to bring to life otherworldly ideas and images in a relatively intuitive creative workflow. To embark on your journey into the world of AI-powered art, here are 5 fundamental steps you need to adhere to for accessing…
Blockchain Chainlink Labs, the developer of Chainlink (LINK), and Tencent Cloud, a leading cloud computing provider, have partnered to accelerate development of Web3. In an announcement on Tuesday, the two companies said the partnership will combine Tencent Cloud’s infrastructure and services with Chainlink Labs’ oracle technology to help developers build more secure and reliable decentralized applications. Tencent Cloud to support Chainlink BUILD projects As part of the partnership, Tencent Cloud will provide Chainlink Labs with access to its global infrastructure, including its data centers, networks, and computing resources. Chainlink Labs will use this infrastructure to provide its oracle services to…
NFT Mercedes-Benz NXT, the automaker’s digital innovation arm, recently announced its entry into the non-fungible token (NFT) market with the launch of its first “Machine” collection. The collection was created in collaboration with renowned artist Harm van den Dorpel and the digital art community Fingerprints DAO. “Machine” explores the themes of movement, speed and perception through generative art, offering a unique take on concepts. The opportunity to purchase NFTs will open at the Dutch auction on June 7th. It will feature 1000 unique items (Ethereum-based tokens). On its Twitter, the company announced that it plans to release three main collections…
Ethereum’s supply on and outside of exchanges changed little over the last week. ETH’s price increased by over 1.5% in the last 24 hours, and indicators were bullish. After crossing the $1,900 mark, Ethereum’s [ETH] price has once again settled under that zone. Glassnode’s data revealed that a reason behind this could be a sell-off by the big players in the crypto space. Should ETH investors be concerned about another price correction in the near term? Ethereum’s supply on exchanges is stagnant As per Glassnode Alerts’ tweet, Ethereum’s number of addresses holding over 100 coins just reached a one month…
Music and NFTs are still trying to find ways to merge gracefully, with varied success. Pixelynx, another contender in the web3 music scene, brings us a mint for mau5trap NFTs. These NFTs will hold unique, musical content, provide holders with ongoing airdrops, and allow holders to create and monetize music tracks with the help of an AI assistant! Let’s start with the basics. The mint for these mau5trap NFTs is happening in three stages. Public mint on June 7th. Priority allowlist for those who hold Droplet NFTs or are considered Community OGs will happen on June 6th. And for those…
Officials in Japan are beginning to tighten their stance toward artificial intelligence (AI) after the country’s local privacy watchdog warned ChatGPT’s parent company about its data collection methods. On June 2, Japan’s Personal Information Protection Commission issued a statement asking OpenAI to minimize the sensitive data it collects for machine learning purposes. Additionally, it stresses not to do so without people’s permission. The commission also highlighted the need to balance its privacy concerns with allowing room to foster innovation and the potential benefits of AI. However, it did warn that it is prepared to take further action if there are additional issues. These…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. In mid-April, Cardano [ADA] faced rejection from the $0.46 highs. The inability of the bulls to defend the $0.4 support meant the price has trended downward for the past month. This saw a change over the past week. The market structure on the daily timeframe had been bearish but was recently flipped to bullish. But worryingly for the bulls, a good chunk of May was spent defending the $0.36 support. This did not point toward strong buyers. Cardano has…
In an environment too often populated with big egos, cliques, and reactionary drama, Andre Oshea is a much-needed dose of humility and thoughtfulness in the Web3 world. The 3D artist, animator, and musician has made a name for himself in the ecosystem through NFT drop partnerships with the Academy Awards, Netflix, and the Grammys. But before carving out a lane in the crypto art sphere, Oshea made a living through client work with companies and figures like Snapchat, John Legend, Adult Swim, Vogue, Tidal, and more. Oshea’s style contains clear echoes of his personality; his works are often vibrant but…
