Author: Crypto News Live

NFT Bull Bitcoin founder and maximalist Francis Pouliot endorsed research by Block21M on Tuesday, which accused a single entity of enjoying majority ownership of Bitcoin Ordinals. Within hours, the community debunked that research. Inscriptions are NFT-like pieces of data attached to subunits of bitcoin using Casey Rodarmor’s off-blockchain numbering system called Ordinal theory. Bitcoin users who opt-in to wallet software that support Ordinals can buy, sell, and transfer these NFTs. Inscriptions can store up to 4MB of data apiece on Bitcoin’s blockchain. Block21M’s research claims a single public key has produced the majority of all inscriptions. However, that key doesn’t…

An Italian senator spoke before members of the Italian parliament with — unbeknownst to parliament members — a speech entirely composed by artificial intelligence (AI).In the parliamentary meeting on May 31, Italian Senator Marco Lombardo pulled the stunt to spark a “serious debate” among his colleagues about what’s at stake and in-store from AI usage, according to a local news report. L’intelligenza artificiale può migliorare la nostra vita quotidiana, ma come possiamo garantire che non crei nuove disuguaglianze e divisioni nella società? Il discorso del Senatore @mlombardo81 è stato scritto dall’IA e nessuno di noi sarebbe stato in grado di…

Deep-pocketed crypto traders are moving around hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP. New data from whale-surveying platform Whale Alert reveals that crypto whales have shifted about $650 million worth of funds during the last few days, with the majority of the transfers involving Bitcoin. Whale Alert finds six transactions involving the king crypto, totaling up to $521.5 million: 11,224 BTC worth $302,247,036 transferred from an unknown wallet to another unknown wallet. 2,089 BTC worth $56,947,001 transferred from an unknown wallet to crypto exchange Coinbase. 1,999 BTC worth $53,906,934 transferred from crypto…

Bitcoin’s Net Unrealized Profit/Loss indicator was 0.27, indicating that the network was in profit. The increasing dormant supply of BTC served as evidence of investors’ unwillingness to sell. Battered and bruised after the bloodbath of 2022, the world’s largest digital asset Bitcoin [BTC] made a robust recovery in 2023. This reinforced faith in its long-term potential. The king of crypto coins rallied more than 60% on a year-to-date (YTD) basis, even touching the $30k level in mid-April, data from CoinMarketCap revealed. As per Glassnode, Bitcoin’s Net Unrealized Profit/Loss indicator at the time of publication was 0.27. This indicated that the…

Rising interest in staked ETH boosts platforms like Aave, Lido, Rocket Pool, and Frax Finance. Revenue increases, but token performance lags, signaling potential challenges for the associated tokens. Data from parsec finance has revealed a significant increase in the number of wstETH deposits into Aave over the past 24 hours. This surge in interest brings forth questions about its impact on platforms like Lido, Rocket Pool, and Frax Finance. Token Accumulation on (w)stETH is a great level set on the DeFi market these days. $87m wstETH shoved into Aave V3 in the last 24hrs alone pic.twitter.com/aynkFTKrt2 — parsec (@parsec_finance) June…

Ethereum Worlds, the luxury Metaverse builders behind Ethereum Towers, have announced the release of their highly-anticipated MVP (Minimum Viable Product) for their community-focused Metaverse platform. This initial release is exclusively available to premium asset holders and competition winners, marking the first milestone of the larger Ethereum Worlds ecosystem. Premium AssetsPremium assets, including Luxury and Penthouse Apartments, can be purchased through NFT secondary markets or directly from the Ethereum Towers team.The MVP introduces fully customizable penthouses and luxury apartments that offer larger floor plans compared to standard apartments. These premium assets come with higher multipliers for in-game mechanics and other in-world incentives.VR-First ApproachEmbracing a…

May has been wrought with twists and turns. From the rise of $PEPE bringing renewed excitement to crypto and NFTs to an unprecedented rugging from anonymous creator hopeexist, it’s become difficult for Web3 to focus on anything besides memecoins and scandals. And we’re not quite out of the woods yet. Thanks to Ben.eth, the inhabitants of the metaverse might be in for another bout of controversy. Having made a significant splash with his $BEN and $PSYOP memecoins, the pseudonymous collector has returned to further expand his journey to infamy with a new token offering: $LOYAL. What is $LOYAL? $LOYAL is…

Blockchain Deutsche Telekom, one of the world’s leading integrated telecommunications companies, has announced its integration with Polygon Blockchain. This strategic partnership marks Deutsche Telekom’s entry into the world of blockchain technology, positioning it as one of the top 100 validators on the Polygon PoS network. Deutsche Telekom Becomes A Validator On The Polygon Network As a leading global telecommunications company, Deutsche Telekom has broadened its blockchain technology endeavours by becoming a validator on Polygon, a top-tier Ethereum Layer-2 scaling platform. This move signifies Deutsche Telekom’s endorsement of the network’s ecosystem. We’re proud to announce that @deutschetelekom, one of the world’s…

NFT Within a month of launch, Blur’s Blend becomes a market leader in the NFT financing sector. Blend successfully facilitates 21,962 loans while achieving a phenomenal $171,948 in Ethereum volume. The platform draws in 1,526 borrowers, illustrating its popularity and user confidence. Blend, a recently established lending platform from Blur, has revolutionized the NFT lending industry. The blend has outperformed its rivals and turned into a dominant force in the market after only one month of operation. The platform has solidified its position as a game-changer in the field of decentralized finance by achieving a number of amazing feats. Blend’s…

TL;DRFind Satoshi Lab (FSL) just rolled out an AI powered NFT generator, called GNT V3. The idea is: you take a selfie → the AI renders it as a digital illustration → it’s minted as an NFT.Is it cool? Absolutely! Is it needed? No (storing your selfies on an immutable database that’ll most likely out live humanity, it ah…it feels a little excessive).That said: the Lensa AI trend was everywhere on Instagram at the end of last year! So what’s to say this couldn’t be the Web3 version of that?Full StoryThis feels…dumb.Find Satoshi Lab (FSL) just rolled out an AI…