Author: Crypto News Live

NFT Pudgy Penguins, a non-fungible token (NFT) project made up of cute chubby birds, has experienced waves of success and mishap since its debut in July 2021, including a rapid downturn in price and sentiment as doubts surrounding the founders emerged later that year. The community of holders, known as Pengus or “the Huddle,” was upset that the founders had failed to deliver on the project’s original roadmap. Their feathers were further ruffled after accusations arose that the founders had drained funds from the treasury. This led to some very angry birds in the Huddle, who moved to oust the…

Elon Musk’s brain-computer interface (BCI) startup, Neuralink, reportedly received approval from the United States Food and Drug Administration (FDA) to conduct some form of “in-human” trials for its surgically implanted brain device. Congratulations Neuralink team! https://t.co/AWZGf33UDr— Elon Musk (@elonmusk) May 26, 2023 It’s unclear at this time what kind of trials the Neuralink tweet is referring to — the only other information mentioned was that the company isn’t accepting applicants yet. Neuralink was denied the FDA’s approval for human trials in early 2022 over several concerns related to safety, which, at the time, the company was reportedly working to resolve. The…

BTC could be leaving its formerly formed bear trap. A bullish divergence could lay grounds for a short-term rally. In the last seven days, the value of Bitcoin [BTC] decreased by 7.14% while consolidating around the $26,700 region. However, the days of respite could be near, based on a tweet put out by Gert van Lagen. Is your portfolio green? Check the Bitcoin Profit Calculator Steering away from the knees and toes According to the technical analysis specialist, BTC had formed a “perfect” head and shoulder bottom below the 200-day Simple Moving Average (MA). This caused a bear trap bottom…

Binance’s support of Polkadot’s USDT led to a 125% surge in volume on the Statemint parachain. Despite declining activity and sentiment, Polkadot saw growth in stakers and development activity. Polkadot [DOT], despite its vast array of parachains, hasn’t been able to compete with other cryptocurrencies in various areas. However, Binance’s [BNB] recent support of Polkadot’s USDT could help turn things around for the protocol. Read Polkadot’s [DOT] Price Prediction 2023-2024 Some positive developments Binance’s support of Polkadot’s USDT has yielded positive results for the protocol, as indicated by recent on-chain data. The volume of USDT on Polkadot’s parachain Statemint experienced…

Blockchain Blockchain network BNB Chain is expected to undergo a network upgrade at block height 29,020,050, estimated to arrive on June 11 at 21:30 UTC, developers released on GitHub. Network improvements typically attract investors and users to blockchain ecosystems as they allow developers to provide even better features. BNB Chain utilizes the bnb token (BNB) for users to pay fees with and vote on network changes – meaning such upgrades could contribute toward the value proposition for bnb in the future. The Luban hard fork incorporates three different Binance Smart Chain (BSC) Evolution Proposals (BEPs): BEP-126, BEP-174 and BEP-221, which…

NFT Cookie, cloud, web, spam — they’re all expressions connecting internet phenomena to relatable experiences. Part of the process of developing technology is deciding on the vocabulary that connects human understanding to the purpose of new mechanisms. But sometimes, it’s difficult to encapsulate complex ideas in simple words. The word “wallet,” used to label a common Web3 account tool like MetaMask, is often considered a bit of a misnomer. It just doesn’t quite fit what the tool is capable of doing. Like a Web3 wallet, a real-life wallet can hold identity information, currencies and maybe a photo or two, but…

TL;DRFull StoryRemember last week when we wrote about Ledger’s new $9.99 p/m ‘Recover’ service?The proposed service was meant to work like this:Ledger would take your password (aka ‘seed phrase’), and store a backup of it for you, so if you lost your password – you could still access your crypto. The fear was…The service required you to provide ID, meaning if someone got hold of your ID, they could gain access to your crypto.Not great. (And the backlash was severe).So severe that Ledger decided to straight up cancel the service’s roll out. With its CEO commenting that it had been:”A…

Bitcoin’s development activity was on a downtrend towards the end of March. BTC reacted favorably to the news of the upgrade, soaking in gains of 1.03% at press time. The latest version of Bitcoin [BTC] Core, version 25.0, was released on 26 May, which included a host of new features, bug fixes and performance improvements. Is your portfolio green? Check the Bitcoin Profit Calculator BTC reacted favorably to the news of the upgrade, soaking in gains of 1.03% to trade at $26,712.55 at the time of publication, data from CoinMarketCap revealed. What does Bitcoin Core 25.0 bring to the table? One…

Crypto exchange Gemini has found a new European headquarters as regulators in the US remain hostile toward the digital asset industry. On Thursday, Cameron Winklevoss, who co-founded the exchange with his twin brother Tyler, announced his company would be setting up a regional HQ in Ireland. “Awesome meeting this morning with Leo Varadkar, the Prime Minister of Ireland. We talked about the profound promise of crypto and the importance of common sense regulation to realize that promise. We believe MiCA is that common sense regulation. We also announced that Gemini has made Ireland its European HQ. Onward!” MiCA stands for…

In the XRP market, a potential head and shoulder pattern is forming on the XRP/USD daily chart, signaling a positive outlook. The rising divergence on the daily RSI further supports the bullish narrative, indicating a possible rally for XRP.Bitcoin VS. XRPWhile Bitcoin hovers around a fragile support level of $26.2k, XRP appears more likely to surge from its current levels, fueled by enthusiastic FOMO traders. Ethereum and other top digital assets closely follow Bitcoin’s price action, making XRP a more attractive choice for investors.#XRP Fib Channel: #XRP has closed 10 daily candles above Fib channel 0.786 which is #Bullish. Moreover,…