Author: Crypto News Live
Blockchain Investment bank Goldman Sachs and Microsoft want to boost Web3 uptake on the Canton blockchain through artificial intelligence (AI). The duo joins traditional finance (TradFi) giants Deloitte, S&P Global, Moody’s, BNP Paribas, and Cboe Global Markets in building infrastructure during the crypto bear market. AI Can Improve Web3 User Experience The recently-released Canton Network links the trading platforms of Goldman and Deutsche Börse, whose notional volumes exceed the trading activity of many crypto assets. The network is built on Microsoft’s Azure cloud. The consortium hopes to attract developers with the new digital asset smart contract language. Microsoft said last…
Ethereum and Lido Finance shone as top revenue generators, with Ethereum surpassing $1 billion in revenue. Positive price trends were observed for Ethereum, while Lido Finance showed signs of weakening bearish trend. In the most recent revenue ranking unveiled by Token Terminal, Ethereum [ETH] and Lido Finance [LDO] made their impressive mark as two of the leading revenue generators. Analyzing the data covering the past 30 days, Ethereum triumphed in the top position, accumulating a staggering $374.9 million in revenue. Lido Finance secured the third spot with an impressive revenue of $86.9 million. Read Ethereum’s [ETH] Price Prediction 2023-24 A…
Bitcoin network activity rebounded, with the potential to reach one million active addresses in June. There was increased interest in Inscriptions, but cautionary signs emerged with declining MVRV ratio. Bitcoin’s [BTC] activity rebounded following a recent slump, with Santiment’s data implying that the network’s active address count could increase to one million in June 2023. 📈 May’s concerningly low #Bitcoin address activity is finally starting to rebound again. Increasing utility is necessary for #crypto assets to enjoy sustained rallies. Keep an eye on whether $BTC can head into June with 1M or more daily active addresses. https://t.co/LSa2slHWgt pic.twitter.com/zqTH9KGIqc — Santiment…
Litecoin could benefit from more scarcity with the upcoming halving. LTC bulls delivered a 7% upside, aided by whale activity, despite low investor sentiment. Litecoin [LTC] will likely observe increased attention and possibly even higher demand in the next eight weeks. This is because of the upcoming halving, scheduled to take place in August 2023, which is the most significant event in the next two months. Read Litecoin’s [LTC] Price Prediction 2023-24 Perhaps it is best to look into what the halving is all about because it may offer some insights into Litecoin’s future. The Litecoin network is one of…
BBC Studios joins forces with Reality+ to create metaverse experiences in The Sandbox, allowing fans to interact with immersive content from renowned brands like Top Gear and Doctor Who. This venture marks the BBC’s entry into the metaverse and embraces the concept of continuous shared digital space.BBC Studios Enters the MetaverseThe partnership with Reality+ enables BBC Studios to establish a presence in the metaverse, offering a home for fans to engage with their favorite brands in a virtual environment. The Sandbox provides the platform for this immersive experience, allowing users to build, own, and monetize their virtual experiences on the…
Blockchain The Luban update on the BNB Chain will be activated at block #29,020,050 on June 11, 2023, the developers have announced. The update includes three improvement proposals: BEP-126, BEP-174, BEP-221. BEP-126 implements the first part of the FastFinality mechanism, which will change the block finalization process. The solution is expected to significantly speed up the final confirmation of transactions to around 7.5 seconds. This will improve user interaction with the network and increase its security by reducing the chance of malicious reorganization. BEP-174 will introduce a mechanism for managing relays that help transfer assets between different blockchains. BEP-221 will…
NFT Brave has unveiled a new feature of its video calling product Brave Talk. The new feature uses NFTs to control access to calls. Brave Talk plans to change live events and video calls. Projects are still finding new and exciting use cases for NFTs, pushing the boundaries of what’s possible in the digital realm with these assets. This time, Brave, a privacy-focused web3 browser, is at the forefront of a revolution, introducing a new application for NFTs: Token-gated Video calls. Brave looks to shake up the video calling and live event industry by integrating NFTs into the fabric of…
Newly-minted non-fungible token marketplace giant Blur launched its peer-to-peer lending and borrowing platform earlier this month, and the venture, dubbed Blend, has already facilitated nearly 16,000 loans for a total of 123,500 ETH, or $225 million, according to a report from Nansen. After Blur’s launch in October of last year, and then the rollout of an aggressive incentive program that attracted many traders to its platform, the marketplace quickly usurped OpenSea to become the top platform by trading volume. Nansen estimates that success has contributed to Blend’s popularity with NFT lenders and borrowers. “Blend’s rapid growth is no surprise since…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ETH crossed above a trendline resistance. Longs encouraged; OI wavered near $6 billion. Ethereum [ETH] posted mixed results over the past week. It rallied between Monday and Tuesday (22/23 May), hitting $1873, before reversing the two-day gains on Wednesday (24 May). Is your portfolio green? Check out the ETH Profit Calculator However, the Wednesday losses were reversed towards the weekend (27/28 May), as ETH posted an overall 1.5% gain on a weekly basis as of press time. Source: Coin360…
In a recent in-depth video update, Charles Hoskinson, the Co-Founder and CEO of IO Global (IOG), shared a comprehensive overview of Cardano’s ongoing development and future roadmap. Cardano, a leading blockchain platform for smart contracts, continues to make significant strides in its evolution, as outlined by Hoskinson. A key focus of Hoskinson’s update was the substantial work being done on CIP-1694, a crucial protocol improvement proposal for Cardano. The development effort is aggressive, with Node 8.0 already out and Node 8.1 in the pipeline. This development is a testament to the team’s commitment to enhancing the Cardano ecosystem. Hoskinson also…
