Author: Crypto News Live

Blockchain UrbanChain announced today that it has raised a £5.25 million Series A round spearheaded by top global investment firm Eurazeo through its venture expertise in the Climate and Smart City space. It does this on a half-hourly basis, using a system that is driven by an integrated blockchain and AI, and it continues to disrupt the sector by cutting bill prices for both commercial and residential clients. The P2P exchange offered by the company makes it possible for anyone to purchase truly affordable green energy while also advancing the goal of reaching net zero. Following the completion of Series…

NFT In the weeks since leading non-fungible token (NFT) marketplace Blur released its lending platform Blend, it has taken 82% of total lending volume market share. According to a report from blockchain data aggregator DappRadar released on Wednesday, in its first 22 days, Blend accumulated 169,900 ETH, or about $308 million in trading volume. During that same time, the trading volume across all lending platforms reached about $375 million. On the date of its release, the platform experienced 4,200 ETH, or roughly $7.6 million, in lending volume – meaning, Blend has seen a 3,945% increase in its trading volume in…

DAOs, decentralized autonomous organizations, are community-led organizations with no central authority. They function similarly to grassroots movements, where a group of people with a shared mission come together. As far as the goals are concerned, the types of DAOs vary considerably. There are media DAOs like Bankless DAO, collector DAOs like FlamingoDAO, and protocol DAOs like MakerDAO, to name a few. However, regardless of their types, DAOs must perform certain operations to run their organizations. To this end, they use a set of applications and software, which is known as DAO tooling. Most of the operations are common among DAOs, and so are…

OpenAI, the parent company of the artificial intelligence chatbot ChatGPT, has launched an initiative to bring more democratic input to AI development. In the official announcement on May 25, the company said it is preparing to award 10 grants worth $100,000 each toward experiments in setting up a “proof-of-concept,” democratic process for determining rules for AI systems to follow. According to OpenAI, the rules should be “within the bounds defined by the law” and should benefit humanity. “This grant represents a step to establish democratic processes for overseeing AGI and, ultimately, superintelligence.”The company said the experiments will be the basis for…

The hike in fees denotes a 5x increase from the value when the year began. Among all L2 projects, Arbitrum remains the one with the most market share.  Layer two (L2) solutions under the Ethereum [ETH] blockchain have sustainably gained traction as a means of addressing the network’s scalability and high transaction fees. As a result, the L2 data fees on Ethereum reached an All-Time High (ATH), according to data from The Block. Read Ethereum’s [ETH] Price Prediction 2023-2024 L2 data fees refer to the costs associated with transferring data and executing transactions on L2 networks built on top of…

Blockchain Lyra, a prominent entity offering crypto-based virtual cards, has announced the launch of its upgraded services via Optimism. The platform took to Twitter to disclose that the exclusive services are now available on the protocol of Optimism. The company also published a blog post on its official web portal to provide more details about the latest features. Lyra Offers Latest Protocol Version on Optimism to Provide Upgraded Trading Lyra mentioned that the firm is releasing an enhanced version through Optimism. Following the effective performance witnessed in the initial three months on the protocol of Arbitrum, the platform has been…

NFT Borrowers may utilize the protocol to borrow for over 300,000 NFTs with specified terms. Without any domain-specific expertise, liquidity providers may now obtain best-in-class yield on their ETH. We are excited to announce the launch of https://t.co/h44ltfyfZ6 today.Astaria is a novel NFT-backed lending protocol pic.twitter.com/PFK5OcZuiP — Astaria (@AstariaXYZ) May 25, 2023 The platform, which was co-founded by former SushiSwap CTO Joseph Delong, enables NFT holders to lease their assets to traders who may not be able to buy a blue-chip NFT in a single transaction. Astaria’s platform distinguishes itself by its unique three-actor paradigm, which includes Strategists, Borrowers, and…

ETH’s supply on exchanges accounted for less than 10% of the total circulating supply. ETH’s 30-day volatility hit its all-time low earlier this week. Like Bitcoin [BTC] and other major cryptos in the market, the king of alts, Ethereum [ETH], has also entered a period of stagnation of late, disappointing both the bullish and bearish forces of the market. Is your portfolio green? Check the Ethereum Profit Calculator ETH has moved in a tight trading range between $1,770-$1,860 in the last two weeks, touching the range highs only once. As a result, ETH’s 30-day volatility hit its all-time low earlier this…

Yee-haw! Another title from the Gala Games system moves into live status as Grit announces their official launch! Now players can wield their six-shooters and rifles in this battle royale, play to earn game. While some games are closing down, others are just getting started. Grit, the western-themed, battle royale, FPS from Gala Games goes live, giving players a chance to shoot and earn across a wild west town and the surrounding landscape! Grit is free to play and available on Epic Games. Players will need a linked Gala Games account to download and play.. Grit features NFTs in the…

Brad Smith, the president of Big Tech firm Microsoft, has called on governments to “move faster” and corporations “step up” amid a massive acceleration in artificial intelligence development.Speaking at a May 25 panel in front of United States lawmakers in Washington D.C., Smith made the call as he proposed regulations that could mitigate the potential risks of AI, according to a report from The New York Times. The company has called for companies to implement “safety brakes” for AI systems that control critical infrastructure and to develop a broader legal and regulatory framework for AI, among other things. AI may be…