Author: Crypto News Live
Bitcoin’s NFT sector has received a substantial boost with unveiling the BRC-721E token standard, enabling the migration of Ethereum-based ERC-721 tokens to the Bitcoin network. This milestone is a joint venture by Ordinals.market, Bitcoin Miladys NFT collection, and Xverse Bitcoin wallet signalling a critical evolution in the Bitcoin NFT ecosystem.This launch coincided with another achievement for Ordinals, an iteration of NFTs on Bitcoin, which exceeded its 10 millionth inscription, as per data from Dune Analytics.The Migration ProcessFor ERC-721 NFT owners to transition their tokens to Bitcoin, a process of ‘burning’ is necessary. This process, which involves an Ethereum call function,…
Assassin’s Creed joins the blockchain in the form of Smart Collectibles, a customized, physical cube tied to the blockchain that owners can level up and interact with! The mint for Passes to acquire these unique, collectible items opens on June 6th, but you’ll need to scramble to find a whitelist spot. The worlds of web2 and web3 gaming grow ever closer as Ubisoft’s Assassin’s Creed meets the world of digital collectibles! Unfortunately, these collectibles aren’t linked to the gameplay in any fashion, but they should be an interesting collector’s item! This upcoming mint is actually for a Pass that leads…
Financial services titan American Express (Amex) plans to use artificial intelligence (AI) services to validate transactions, approve lines of credit, analyze customer sentiment and predict customer finances.Despite these aspirations, a recent report from VentureBeat indicates that Amex currently has no intention of rolling up its own large language model (LLM) to compete with the likes of OpenAI’s ChatGPT and Google’s Bard. Per the report, Luke Gebb, senior vice president of American Express Digital Labs, dismissed the idea outright: “Our hypothesis at the moment is that we would be better suited using LLMs through partnerships. I don’t see us spinning up…
Cryptocurrency strategist Benjamin Cowen is weighing in on the potential performance of Ethereum (ETH) relative to Bitcoin (BTC) going forward. In a new YouTube video, Cowen tells his 783,000 subscribers that the Bitcoin dominance chart (BTC.D), which tracks how much of the total crypto market capitalization belongs to BTC, appears to be on a strong uptrend. Meanwhile, the crypto analyst says that the Ethereum versus Bitcoin (ETH/BTC) chart appears to be going in the opposite direction. “To me, this just looks one higher low after another for Bitcoin dominance. And for Ether/Bitcoin, it just looks like one lower high after…
The amount of ETH staked grew by 11% since the Shapella Upgrade. Over 60% of the stakers were in losses since they locked their ETH on the network. Users in the crypto space have shown significant interest in Ethereum [ETH] staking since the Shapella Upgrade went live last month. Following a successful test of the withdrawal process, users have returned to restake their ETH. According to a tweet by an investment expert, ETH locked with liquid staking providers has reached an all-time high (ATH) in May, marking the fifth consecutive month of growth. The most impressive aspect of this trajectory…
The Alpha: A recent bipartisan agreement on the U.S. debt ceiling may bypass several proposed tax increases, including the Digital Asset Mining Energy (DAME) tax that would have levied a 30 percent tax on energy consumption by crypto miners. Despite progress and President Joe Biden’s confidence, the agreement still requires approval from the House of Representatives and the Senate. Dive deeper The crypto mining industry might be facing a serious reprieve this week as a tax proposal targeting its energy consumption seems set to be shelved. The move comes following a bipartisan agreement reached on the U.S. debt ceiling that…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Finally, Bitcoin [BTC] inflicted a bullish breakout above its 2-week range formation. Following a weekend price pump amidst a tentative US debt ceiling deal, BTC secured the $26.2k support and crossed $27k. The uptrend momentum was extended into the last week of May as the king coin climbed above the $26k – $27.5k range on 29 May. At press time, the BTC’s price was $28k, up 0.32% in the past 24 hours, extending green across most altcoins. Source: Coin360…
NFT It’s official: the NFT ticketing program in partnership with Polygon, Elemint, Bary and Platinium Group will be launched for the first time at the Formula 1 Monaco Grand Prix. Below are all the details. NFT ticketing available for Formula 1 thanks to Polygon NFT ticketing: all the details Statements regarding the new NFT tickets in partnership with Polygon NFT ticketing available for Formula 1 thanks to Polygon As anticipated above, the Formula 1 Monaco Grand Prix is the launch event for an exclusive NFT ticketing program launched in partnership with Polygon, Web3 companies Elemint and Bary, and Platinium Group,…
beginner In my opinion, Bitcoin is still the best cryptocurrency to start your crypto investment journey with. Unlike most altcoins, it is pretty straightforward in what it does and represents. Not to mention, it is the most widely and easily accessible cryptocurrency. Bitcoin investment may seem daunting to beginners, especially given the complex terms and unpredictable market movements. Like all other investments, Bitcoin carries risk. Its price can fluctuate quite significantly, which means you could potentially gain or lose money quickly. But with proper understanding and caution, it’s possible to navigate the world of Bitcoin investing without any trouble! What…
Markets • May 27, 2023, 6:00AM EDT Former Bitmex CEO Arthur Hayes, who now runs a family office called Maelstrom, doesn’t see bitcoin breaking new highs this year — but is bullish from 2024 onward. “I don’t think we get up to $70,000 this year, I think next year is when we cross that barrier, then we get the blow off top [2025], [2026] and then it’s Armageddon,” Hayes said on the What Bitcoin Did podcast, pointing toward bitcoin’s halving event in 2024 as a key event. As for his comment on Armageddon, he explained that he’s referring to more…
