Author: Crypto News Live

Another virtual worlds project grows in the web3 gaming space. Vulcan Forged first announced Metascapes, their virtual world builder, back in December. Now, anyone can download the alpha and give it a try (supposedly)! Metascapes is a series of customizable virtual worlds. Vulcan Forged, the creator of Metascapes, wants players to be able to use one Avatar to access and explore all of the worlds. They also plan to make Metascapes VR compatible, allowing both exploration and creation in a virtual reality environment. Metascapes is one of the growing number of games leaning into AI assistance. They plan to include…

Officials in China have warned about the risks posed by the rapid advancement of artificial intelligence (AI) development and subsequently called for tighter measures on national security. The remarks come from a meeting on Tuesday, May 30, in which Chinese President Xi Jinping and prominent members of the communist party stressed the country’s ambitions to take the lead in the global race to develop the cutting-edge technology. Local news outlet Xinhua News Agency reported that local leaders discussed the need for “dedicated efforts to safeguard political security and improve the security governance of internet data and artificial intelligence.”“We must be prepared…

The investor who accurately called the bottom of the bear market late last year is doubling down on his bullish stance on crypto assets. In a lengthy thread, Chris Burniske, former ARK Invest analyst and current partner at venture capital firm Placeholder, tells his 260,400 Twitter followers that the recent artificial intelligence (AI) hype has left crypto undervalued and overlooked. According to Burniske, AI and crypto will thrive together, rather than compete, as many believe. “Never ceases to amaze me how humans chasing hot balls of money eerily resemble mosquitoes drawn to the light. Don’t be a mosquito. ‘Crypto is…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Litecoin [LTC] has put traders in a fix lately. The bullish rally from mid-May was interrupted at $95 before hitting the $100 likely target. Similarly, the drop on 24 May turned into a bear trap, as over $800k in short positions were wrecked on 26 May after LTC rebounded from $84.  At press time, the recovery hit $93 and made a U-turn, putting bulls that targeted $95 or $100 into another fix.  In the meantime, Bitcoin [BTC] continues to…

If you think you’re seeing orange, that’s because you are. Twitter is abuzz with users showcasing orange-themed profile pictures to pay homage to $OXBT, a BRC-20 token rapidly gaining traction. If you’re unfamiliar with BRC-20, it’s an experimental token standard that enables fungible tokens to be minted and traded via the Ordinals protocol on the Bitcoin blockchain. Mfers will mint one brc20 and change their pfp background orange $oxbt pic.twitter.com/tKCR7OI5Fr— bourne (👮‍♂️,🐸) (@bourne2invest) May 27, 2023 Contrary to expectations, Bitcoin NFTs have emerged as the frontrunners in the market and show no signs of fading away in the near future.…

Blockchain A blockchain is just a ledger. My bank also maintains a ledger of account balances and transactions. However, unlike the Bitcoin and Ethereum blockchains, my view of that bank ledger is limited only to information that pertains to me. Checking my bank accounts shows me only my balances, not how much money my neighbor has at this bank, or my boss has in his savings account, or any random stranger’s balance. With the non-crypto financial system today, there is an implicitly implied level of privacy. But this is different from how today’s public blockchains work. As innovative as blockchain’s…

The Anoma Foundation, a Swiss non-profit renowned for its pioneering work in blockchain technology, has announced the successful completion of a $25 million fundraising round. Led by influential blockchain-focused venture capital firm CMCC Global, this represents the Foundation’s third funding round. The overarching mission? Catalyzing the launch of the third generation of blockchains to overhaul the existing financial system and reinstate power to users.Backing the Vision: An Industry-wide EndeavorDuring the fundraising phase, the Anoma Foundation received significant support from leading industry figures, including investments from Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa,…

Tollan Worlds creeps closer to their Genesis Avatar mint as they open up a bridge for those who have their Marks of Fate on Polygon. They also opened up Chapter II of their pre-alpha, giving players another preview of what to expect from this top-down, 2D, dungeon crawling RPG! There is still a chance to play to mint with Tollan Worlds, but the window won’t be open for much longer! And in preparation for the upcoming Genesis Avatar mint, Tollan Worlds has created up a bridge to help players migrate their Marks of Fate from Polygon to Immutable X. You…

The bull market of 2o23 has led to a sharp spike in network activity on Bitcoin’s [BTC] chain. The number of daily transactions and unique active addresses have grown steadily over the last four months, with May logging record-breaking traffic. While the trend started with the minting of NFTs which had topped 10 million inscriptions at press time, the recent frenzy was driven by the bulk minting and trading of BRC-20 tokens. Interestingly, the technology powering the minting of both fungible and non-fungible tokens was Ordinals, made possible by the Taproot Protocol launched in November 2021. Let’s get to the…

The once-booming Pepecoin (PEPE), born out of the viral internet meme sensation Pepe the Frog, seems to be stumbling, leading to whispers about its uncertain future in the crypto realm. Glauber Contessoto, self-dubbed a “Dogecoin millionaire”, and well-known tracker @/DogeWhaleAlert have voiced their concerns over PEPE’s ongoing plunge.The Warning Bell Rung by a “Dogecoin Millionaire”Contessoto, who gained significant public attention after his Dogecoin success story was featured in mainstream media outlets like CNBC, recently suggested that Pepecoin could be “officially dead.” However, this sparked a contentious conversation with another user, Crypto Jesus, who expressed a newfound interest in PEPE after…