Author: Crypto News Live

Mobox makes a cross-chain expansion to their web3 gaming system with the addition of MoDragons, a dragon collecting and breeding simulation. MoDragon not only brings new NFTs and competitions to Mobox, but it also expands their ecosystem to the the Arbitrum chain! Mobox unleashes the dragons! MoDragons to be specific. MoDragons are NFTs that exist on the Arbitrum chain but are still part of the Mobox system. This is a big move for Mobox who announced their plans to go cross-chain earlier this year. MoDragon is the first app in the Mobox world to exist on Arbitrum. The original Dragons…

Nvidia continues to push forward in the race to develop artificial intelligence (AI) tools and applications as the company revealed plans to release more AI products. Speaking at the Computex show in Taiwan on May 28, Nvidia CEO Jensen Huang unveiled a new AI supercomputer platform called DGX GH200. The supercomputer’s primary purpose is to aid tech companies in developing successors to the popular AI chatbot ChatGPT, according to Huang. Big Tech firms such as Microsoft, Meta and Google’s Alphabet are anticipated to be among some of the pioneering users of the supercomputer equipment. Huang announced a new service called Nvidia ACE for Games,…

Crypto critic and economics professor Nouriel Roubini is warning that the markets are in for a big shock this year. In a new interview with Bloomberg Television, the economist known as “Dr. Doom” says that inflation is going to prove a lot harder to bring down than the central banks currently expect, and they will likely end up raising interest rates more. “In equity markets, I think people think that central banks are done with raising rates and, therefore, they are going to cut rates to zero. I think that is highly unlikely… [Central banks] may raise rates further in…

Avalanche extends its service to the European market with new stablecoins. AVAX fails to sustain recent upside as demand falls short of expectations. A few weeks ago, Avalanche revealed that it would support the EuroCoin [EUROC], a stablecoin pegged to the Euro currency. Well, that launch is finally here as it has been confirmed that it is now live on Avalanche. EUROC’s launch on Avalanche marks an important milestone for the parties involved. Especially for Avalanche which expects to benefit in terms of network utility as one of the layer 1 networks supporting the stablecoin. Is your portfolio green? Check…

Blockchain Janet Adams, COO of SingularityNET, believes blockchain is crucial for democratizing powerful technologies like artificial intelligence (AI). A view that runs contrary to the prevailing sentiment that AI and blockchain are incompatible. Janet Adams, the chief operating officer of SingularityNET, the company behind the most popular AI utility token, AGIX, believes blockchain is crucial to democratizing AI. Speaking exclusively to BeInCrypto, Adams went against the grain of much of the industry, which largely believes the two technologies cannot integrate. SingularityNET’s Role SingularityNET is a decentralized platform that aims to facilitate the creation, interaction, and coordination of AI. “Blockchain is…

The number of Inscriptions shot beyond the 10 million limit. Despite the contribution of BRC-20 tokens, the price decreased. Since its introduction at the beginning of the year, the number of Bitcoin [BTC] Ordinals Inscriptions has crossed the 10 million mark. According to Dune Analytics, the rise happened as the minting of newly inscribed data and tokens reached its highest in the last seven days. Source: Dune Analytics Ordinals have the test to thank Besides the inscription of text and images, the introduction of BRC-20 tokens also played a significant role in helping Bitcoin Ordinals achieve the milestone. This was…

NFT In a recent tweet, a research analyst by the name of Tom Wan shared some insights relating to BRC-20 tokens and BTC Ordinals. According to the post, 45% of the ordinal trading volume is attributed to BRC-20 tokens, while Ordinals (ORDI) account for 22.1%. As a result, the analyst raised a thought-provoking question about whether all Ordinals should be considered as NFT volume or if it should be limited to the Image Inscribed Ordinals. This follows the news of the trading volume for Bitcoin (BTC) Ordinals surpassing that of Solana-based NFTS — ranking their trading volume second under Ethereum-hosted…

A core developer team at MakerDAO, the decentralized platform responsible for the Dai stablecoin, is proposing to raise the savings rate for the collateral-backed cryptocurrency to 3.33% amid a surging interest rate environment as the U.S. Federal Reserve seeks to combat persistent inflation.  “Brace yourself, DAI holders, for a DSR at 3.33%,” MakerDAO said on Twitter, adding that the change had been put forth by DeFi risk management firm Block Analitica. Know as DSR, the DAI Savings Rate can be “adjusted often to deal with short-term changes in market conditions of the Dai economy,” according to MakerDAO. It’s funded by…

Bitcoin’s fee revenue has been outstripping the yearly average since March 2023. Miner flows to exchanges declined, indicating that miners were not indulging in profit-taking as yet. Bitcoin [BTC] mining has turned lucrative in 2023, with May becoming a successful month for a sector battered by 2022. According to on-chain analytics firm Glassnode, Bitcoin miners earned $17.8 million in fees during the recent peak, only bettered by two trading days during 2018. At the peak of the BRC-20 frenzy, #Bitcoin Miners were earning $17.8M in transaction fees, with only 2 trading days across the 2018 peak recording a larger fee…

NostrSwap, the world’s first decentralized exchange (DEX) built on the powerful Nostr Protocol, is set to revolutionize the BRC-20 ecosystem by solving congestion issues and introducing a groundbreaking zero-network fee solution. The popularity of BRC-20 coins has soared, with a market capitalization of $447,230,599 and a 24-hour trading volume of $207,446,993 (as of 24 May 2023, according to brc-20.io). However, this surge has come with its challenges, including high transaction fees and network congestion. Transaction fees for BRC-20 tokens have skyrocketed, with some transactions taking hours to confirm, causing frustration among users. Moreover, the limited availability of DEXes supporting BRC-20…