Author: Crypto News Live
There are nearly 8 billion people in the world. Yes, crazy. And more than a quarter of them are active online shoppers. Ecommerce sales are about to hit $6.5 trillion within a year.What once was the future has finally become present. All of you reading this probably buy everything from groceries to garments on a regular basis. But we’re just people.We’re always looking for the next big thing. Both as shoppers and investors. So what’s next for retail?You’ve read the title, so you know the answer.The Metaverse. A virtual, immersive world. It gives you an experience similar to the one…
Blockchain Core DAO is merging proof-of-work (PoW) and delegated proof-of-stake (DPoS) with the hope of solving the blockchain trilemma. The blockchain trilemma refers to the trade-offs layer-1 solutions must make when building a blockchain network. Between optimal security, scalability and decentralization, networks must only choose two out of the three elements. Ethereum, for example, prioritizes security and decentralization, but is not extremely scalable. For this reason, with more users on the network, gas prices increase and transaction speeds slow down. The network has since introduced sidechains — layer-2 solutions — to resolve this issue. Core DAO has taken a different…
NFT VeVe, the premier digital collectibles marketplace, has once again pushed the boundaries in the growing NFT market. The mobile-first platform known for offering luxury licensed digital collectibles is about to release a fresh NFT from the Sesame Street franchise – an animated Oscar the Grouch, set to go live on May 27, 8 AM PT. Quick Takes: VeVe introduces limited edition Oscar the Grouch NFT, offering fans a unique and immersive Sesame Street experience. Collectors can download the VeVe app to own their own Oscar the Grouch digital token for just $60. VeVe sets a new standard for sustainability…
TL;DRSince the invention of Bitcoin Ordinals in January this year, some big brains have gone out and created a similar thing for other layer-1 blockchains like Litecoin and Dogecoin.As a result, the daily transaction numbers are through the roof! (More things to buy/trade = more buying/trading).Litecoin transactions have surged from ~100k transactions on May 1, to a high of ~584k on May 10 with over 2.6 million Litecoin Ordinals having been inscribed to date.Dogecoin numbers are even more nuts. They’ve jumped from ~17k transactions on May 1, up to 1.2M transactions on Saturday!While the rise of Ordinals on various layer-1…
Transactions on the Dogecoin blockchain exceeded that of Bitcoin and Ethereum combined. The hike affected the hashrate as new tokens increasingly minted. Dogecoin [DOGE] witnessed a surge in transaction count, as it surpassed a daily count of two million buying and selling activity on 28 May. The hike means that the meme coin could surpass the numbers registered under the Bitcoin [BTC] and Ethereum [ETH] networks. Realistic or not, here’s DOGE’s market cap in BTC’s terms DOGE outpacing the kings of the market According to data from Blockchair, the non-stop movement began around 24 May when the count was a…
A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline.Steven Schwartz, an attorney with the New York law firm Levidow, Levidow & Oberman, was hired by Robert Mata to pursue an injury claim against Avianca Airlines. Mata claims he sustained the injury from a serving cart during his flight with the airline in 2019, according to a May 28 report from CNN Business.However, after a judge noticed inconsistencies and factual errors in the case documentation, Schwartz has admitted to using ChatGPT for his legal research, according to a…
The U.S. debt deadline could have positive implications for BTC. Bitcoin adoption increased while exchange inflow decreased. In a recent interview, Arthur Hayes said that the U.S. debt ceiling deadline could be favorable for Bitcoin [BTC]. For the uninformed, the U.S. debt ceiling refers to the maximum amount of debt that the country may borrow. How much are 1,10,100 BTCs worth today? Possible yield amid rising arrears When the debt ceiling reaches its limit, it could have significant economic and financial implications. Hayes, who was speaking on the “What Bitcoin Did” podcast hosted by Peter McCormack, noted that the 4.9%…
A widely followed crypto analyst says that Bitcoin (BTC) is just about ready to cross a key resistance level that historically starts a bull run. Pseudonymous crypto strategist PlanB tells his 1.8 million Twitter followers that he’s patiently waiting for the top digital asset by market cap to cross its two-year realized price, which currently sits at the $29,500 level. The realized price metric measures the value of all its tokens at the price they were bought divided by the number of tokens in circulation. In an accompanying video, which was posted three months ago, the trader noted that during…
The rise of Ethereum (ETH) as a formidable digital asset has caught the attention of financial experts, including Real Vision CEO, Raoul Pal. A notorious Ethereum bull, Pal believes that the platform’s latest updates could pave the way for a substantial surge in value.Also Read: Raoul Pal Unveils the Future of the Global Economy – Coinpedia Fintech NewsEthereum’s Staking Yield: A Hidden GemDuring an insightful conversation with Jeff Doman, Chief Investment Officer of Digital Asset Hedge Fund, Pal emphasized the significance of Ethereum’s staking yield, a utility often overlooked by many investors. Following the Ethereum merge, the platform now offers…
The Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force has introduced CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse. The initiative seeks to equip citizens with the knowledge to navigate the digital age and prevent technology-related crimes.CyberDefender LaunchAccompanied by an online event titled “Exploring the Metaverse,” CyberDefender was unveiled through three virtual venues, facilitating discussions on crime prevention strategies within the metaverse. Mr. Ip Cheuk-yu, the chief inspector of CSTCB, emphasized the importance of exercising caution in the metaverse, urging attendees to apply…
