Author: Crypto News Live

Blockchain On the recent episode of Unchained’s new show, The Chopping Block hosted a thought-provoking conversation with Sreeram Kannan, the founder of EigenLayer. Kannan provided a fresh perspective on the recent precautionary post about Ethereum’s consensus, warning against excessive risk-taking. So what’s the deal with that Vitalik post on re-staking? 🦄@hosseeb and @tarunchitra discuss why Vitalik, like any religious leader, has to drop a good sermon now and then.👂 Listen now: https://t.co/wW6h0k6ibj pic.twitter.com/Iq9kpLYfKI — Laura Shin (@laurashin) May 25, 2023 During the show, while host Robert Leshner acknowledged the risks of overloading Ethereum’s consensus, as addressed by Vitalik Buterin in…

NFT A new NFT ticketing system is set to debut around this weekend’s Formula One event, as fans of the racing league continue to get a glimpse of crypto and its underlying technology. Attendees of the Monaco Formula One Grand Prix, which runs from May 26 to 28, are able to receive an NFT ticket issued on the Polygon blockchain. “The ticketing platform combines the robust security of Ethereum with the forge-proof uniqueness of NFTs to enhance ticket authenticity and prevent counterfeiting while providing fans with lasting digital mementos,” Urvit Goel, head of global business development at Polygon Labs, said…

TL;DROur reaction to this story just went from ‘this is dumb’ to ‘this seems dumb…but it actually makes a lot of sense.’Hot Wheels and the Fast & Furious franchise are joining forces to create a series of Hot Wheels cars linked to NFTs.Hot Wheels + NFT technology = a perfect fit. There’s a strong Hot Wheels collector base – and the cars themselves can become massively valuable (some fetch prices of $170k+).Linking the release of the physical Hot Wheels cars to NFTs means that the supply, availability, and trading volume can be tracked in real time.Is it a world changing…

Though the correlation between the traditional entity and ETH remained negative, they closed in on each other. The altcoin might maintain its recent recovery. The correlation between Ethereum [ETH] and the Nasdaq composite index continues to exit the distant position they have had in recent times.  With a maximum value of 1, the correlation between entities in the crypto sector, and the traditional counterpart is determined by assessing the price movement and performance over a period of time. How much are 1,10,100 ETHs worth today? Two on the same path  When the correlation coefficient is positive, it means that both…

A widely followed crypto strategist believes that Litecoin (LTC) could be close to igniting a strong uptrend leading up to its third halving. Analyst Michaël van de Poppe tells his 657,300 Twitter followers that the next few days could be crucial for the price action of Litecoin. According to the crypto trader, Litecoin must take out its immediate resistance at $93 to start its halving rally. “Many squigglies on this chart, but higher timeframe resistance is at $93. Currently, support found at $82 and a strong bounce -> weekly candle looks good. Next week breaking through $93 and the halving…

Noted crypto analyst and Crypto Capital Venture founder, Dan Gambardello, offers insights into Cardano’s future, highlighting its promising potential amidst criticism and hurdles.Cardano Faces CriticismControversy surrounds Cardano as users complain about transaction times of up to 30 minutes on the network, contrasting its theoretical capability of handling 1 million transactions per second.Dan Gambardello dismisses fear, uncertainty, and doubt (FUD) surrounding Cardano, highlighting his own positive transaction experiences, executed within minutes. He explains possible delays resulting from market volatility affecting swap execution and asserts that similar issues are prevalent across various blockchains.According to Dan’s technical analysis, Cardano finds itself at a…

Blockchain World Mobile’s Android application on Google Play now has a viable commercial version available to all inhabitants of Zanzibar, a Tanzanian archipelago in East Africa. World Mobile introduces its first commercial telecom network in Zanzibar According to the press release shared with U.Today, World Mobile, an application and a telecom network that leverages blockchain-based data structures for establishing mobile connection, launches its commercial version in Zanzibar. Free mobile application for Android OS streamlines data bundle management and provides a platform for users to create a self-sovereign ID. With this identification module, users can try working with third-party services. Together…

NFT Fracton Protocol, in collaboration with KuCoin, has unveiled its latest addition to the list of fractionalized NFTs with the introduction of hiBAKC. hiBAKC has already made waves in the market, achieving an astounding 1,100% price surge on its very first day of listing. This new addition marks the first time a BAKC fractional token has been listed. Moreover, it is the 27th hiNFT on the growing list of NFT ETFs on KuCoin. Introducing the 27th KuCoin Fractional NFT – Fractionalized Bored Ape Kennel Club: Limited Sale of 4,666,667 #hiBAKC @FractonProtocol⏰ Subscription will start at 09:00:00 on May 25, 2023…

Sony, the multinational conglomerate, is making a foray into the Web3, NFT, and metaverse space through an incubator program. The company has teamed up with Astar, a Japanese smart contract platform and blockchain developer, to support innovative projects in these emerging technologies.The Incubator ProgramThe initiative, led by Sony Network Communications, a subsidiary specializing in IT solutions and software development, aims to provide financial and technical support to selected firms at various stages of development. The program was announced in February this year, inviting companies worldwide to apply for the incubator.After a rigorous selection process, 19 projects have been shortlisted for…

Bitcoin ordinals hype cools off resulting in a miner revenue slowdown. Assessing the potential for a BTC rally as miner reserves surge. The Bitcoin community had mixed feelings about the recently introduced BRC-20 token standard. Unfortunately, those opposed to it could not do much and Bitcoin miners are particularly happy about it. The BRC-20 tokens unlocked a lot of network activity which in turn led to a surge in Bitcoin miner revenue. The excitement that previously surrounded the BRC-20 token standard, especially Bitcoin ordinal inscriptions has since died down. Bitcoin miner revenue shrunk in the last few days as a…