Author: Crypto News Live

It seems the Sotheby’s x Three Arrows Capital (3AC) saga isn’t over. Because on May 31, as collections from generative art platform Art Blocks continue to surge, the famed auction house announced plans for a new extensive live auction of significantly important generative NFTs compiled from the now-defunct Singapore-based crypto hedge fund. Set to take place on June 15, this second 3AC auction will feature a substantial roster of 37 NFTs from the Grails — making it, as Sotheby’s puts it, the “largest ever live auction of digital art.” Anticipated to fetch in excess of $5 million, the sale will…

Blockchain Ethereum may be far younger than the traditional payments giants, such as Visa, but it has shown (yet again) that blockchain, in a single decade, developed into a force to be reckoned with. As a payment technology, blockchain has grown as much as to rival established players. Recent data from Coingraph has shown that Ethereum, for example, processed $3.01 trillion in transactions, as opposed to Visa, which processed $3.08 trillion.It is a testament to the growth in mainstream adoption of the nascent technology, which is often perceived – sometimes nearly exclusively – as a vessel for scammers, drug dealers,…

NFT Long-time crypto critic Peter Schiff has made an unexpected foray into the world of cryptocurrencies and non-fungible tokens (NFTs), much to the amusement of Binance CEO Changpeng Zhao (CZ). In a recent tweet, CZ jovially welcomed Schiff’s conversion, stating, “Seeing Peter Schiff convert makes me happy.” This comes after Schiff, a steadfast critic of Bitcoin and the wider cryptocurrency market, announced a project to release an NFT art collection on the Bitcoin blockchain. In his tweet, Schiff stated that he was collaborating with one of his favorite artists, Market Price, to produce a series of Ordinals, which are digital…

A top federal official representing India’s central bank has recommended all banks adopt artificial intelligence and blockchain technology to ensure sustainable growth and stability.At a conference organized by the Reserve Bank of India (RBI) for the directors of Indian banks, Deputy Governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability. Governance in Banks: Driving Sustainable Growth and Stability – Speech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of India at the Conference of Directors of Banks organised by the RBIhttps://t.co/Ft4Kv68X0T— ReserveBankOfIndia (@RBI) May 31, 2023 Jain spoke about the importance of effective corporate governance…

A closely followed crypto strategist says he believes Bitcoin (BTC) is gearing up for a parabolic surge as the crypto king flashes a bullish reading on the daily chart. In a new YouTube video, analyst Kevin Svenson tells his 71,000 subscribers that Bitcoin’s moving average convergence divergence (MACD) indicator just crossed on the daily chart. The MACD is a momentum indicator that traders use to watch possible trend reversals. According to Svenson, Bitcoin rallied hard the last two times the MACD flashed a bullish cross on the daily chart. “These daily MACD crossovers can sometimes be just the beginning of a…

 The number of stakers increased by more than 1,800% last week. SOL’s market indicators were bullish, suggesting a further price pump. Solana [SOL] has approved a new update for its validators named v1.14. After a majority of network users decided to upgrade to the new version on 22 May, v1.14 was considered to be adopted by the cluster. The good news was that, as per SOL’s tweet, the latest network update has been adopted by more than 97% of the Solana validators.  Here are the details As per the official announcement, version 1.14 unlocks a number of highly anticipated new…

Blockchain Bitcoin, the pioneering blockchain network, has revolutionized the financial landscape and sparked innovation in the development community. With its robust blockchain and decentralized nature, Bitcoin has paved the way for numerous projects offering developers unique opportunities. This blog post will delve into three native Bitcoin projects every developer should know about. These projects cut across various functionalities, from smart contract platforms to decentralized applications, allowing developers to leverage Bitcoin’s infrastructure and security to build groundbreaking solutions. Mintlayer Mintlayer is a cutting-edge Layer 2 platform aiming to change the future of Bitcoin by addressing the sustainability and scalability challenges existing…

NFT Users of NFT borrowing and lending protocol Blend have taken out loans totaling nearly a quarter of a billion dollars. And it’s only Blend’s first month. The market has taken note, and Binance has also moved into NFT lending. How worried should Blend’s competitors be? Blend, the NFT borrowing and lending protocol developed by Blur in partnership with Paradigm, claims to have had an impressive first month. Since its launch on May 1, Blend has facilitated over 15,800 loans totaling 123,500 ETH ($224.4 million), according to a report by Nansen. A Bumper First Month Blend stands out from its…

TL;DRGood news/bad news: Bitcoin is up ~$2k (from $25.9k to $27.8K) over the past week! But it’s still down overall for the month of May – marking BTC’s first down-month for the year.Many investors believe the Federal Reserve isn’t quite done with rate hikes – causing investors to tighten their purse strings and make safer bets (outside of crypto).Which has left Bitcoin hovering around the same price it was back in March.Full StoryTime for our bi-weekly-ish check in with Bitcoin and the crypto markets, where we have some good news…and some bad news.The good news is: Bitcoin is up ~$2k…

DeFi According to data from blockchain analytics platform DefiLlama, the app has amassed over $12 million in total value locked (TVL) just 14 days after its launch on May 16. TVL is a metric that measures the dollar value of assets inside an app’s smart contracts. Before the official launch, team members and early partners had already locked in $793,000 inside Origin Ether’s smart contracts. However, the public launch on May 16 led to a rapid accumulation of deposits, which resulted in a staggering TVL of over $13 million by May 30. This represents a gain of approximately $12.6 million…