Author: Crypto News Live
NFT Binance’s NFT marketplace has introduced a new feature that enables users to borrow cryptocurrencies using NFTs as collateral, marking its entrance into the NFT lending space. The Binance NFT marketplace currently supports ether (ETH) borrowing against “blue-chip” NFTs, such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki and Doodles, according to an announcement Thursday. More cryptocurrencies and NFTs will be supported in the near future, a Binance NFT spokesperson told The Block. The feature means Binance NFT users won’t have to sell their NFTs in case of urgent need of money. “NFT Loans will add…
Singapore’s GoodGang Labs has marked a significant milestone, as the avatar communications start-up successfully raised $2 million in seed funding. GoodGang Labs is designing an immersive platform where users can interact through animated avatars and they will incorporate NFTs to further enhance this dynamic online communication experience.The company noted on Thursday that this financial injection comes from Kakao Investment, a subsidiary of the well-known South Korean tech titan, Kakao.Embracing the B2B Market with Kiki TownThe funds obtained will be purposefully directed towards the growth and enhancement of ‘Kiki Town’, GoodGang Labs’ flagship product quietly preparing to transform the landscape of…
Ethereum’s long positions face record-high liquidations, surpassing $58 million in May. Despite a slight price increase, Ethereum remains in a bearish trend around the $1,830 price range. Ethereum’s [ETH] price has been trapped within the $1,800 price range for quite some time, but lately, we’ve witnessed a glimmer of hope with a modest surge. Unfortunately, even this slight upward movement hasn’t proven sufficient to safeguard certain traders’ positions from being forcefully liquidated. Read Ethereum’s [ETH] Price Prediction 2023-24 Ethereum long liquidations hit monthly high Glassnode Alerts reported that the Mean Liquidated Volume in Ethereum Futures Contracts’ Long Positions peaked on 27…
Illuvium Zero moves into Season One of their Alpha test, opening up the first play and earn opportunities for players in Illuvium. Players can find Illuvial Biodata, discover blueprints from that data, and mint those blueprints for future use in Illuvium Overworld! This new update for Illuvium Zero officially brings us to Alpha 2.0, and Season One of the gameplay. This season is special because it’s the first to allow players to find and mint blueprints! All previous game data has been wiped, so all players will have to start their base building from scratch. To get to the point…
Cointelegraph’s recent Ask Me Anything session on AI and blockchain brought together Foresight Ventures partner Tony Cheng, Hack VC managing director Ed Roman and Dragonfly Capital managing partner Haseeb Qureshi.The speakers discussed possible AI use cases in the crypto space, prominent startups that are already using AI, and investor interest in similar businesses. All guests noted that it’s too early to predict the evolution of Web3 and AI collaboration or the appearance of any unicorns at their intersection, as large language models are just emerging. They also emphasized the very different nature of these technologies, with AI being authoritarian while…
A widely followed crypto strategist says that one catalyst could trigger an epic collapse in the altcoin markets. Pseudonymous analyst Altcoin Sherpa tells his 195,700 Twitter followers that he’s keeping an eye on the Bitcoin (BTC) dominance chart (BTC.D). BTC.D tracks how much of the total crypto market capitalization belongs to the crypto king. According to the analyst, if BTC.D respects resistance at 48.20%, it could lead to rallies in the altcoin markets as Bitcoin will likely consolidate under such a scenario. However, Altcoin Sherpa warns that altcoins could get crushed if BTC.D breaks out as a result of Bitcoin…
Whales showed increased interest in XRP as network growth declined. Ripple began its plans of expansion by acquiring a European crypto exchange. The ongoing Ripple vs SEC case has had massive impacts on both the crypto sector and Ripple’s [XRP] price. However, as the case inches closer to its end, many whales have showcased their interest in XRP. Realistic or not, here’s XRP’s market cap in BTC’s terms Whales make more than a Ripple According to Santiment’s data, it was revealed that in the past three weeks, whales have made significant XRP purchases amounting to over 52 million XRP. These…
NFT Polygon’s co-founder said the social media giant “cracked the code” for NFT adoption, during a recent AMA session on Reddit. Besides sharing pro-crypto and Polygon views like how Web3 will complement Web2 in areas like finance, gaming, and social media, the founder also explained how Reddit managed to win over its community with the launch of its digital collectibles. The social media platform introduced NFTs as “Collectible Avatars” on Polygon in July 2022 via free airdrops and early sales of digital collectibles for up to $100. The early NFTs went on to sell for hundreds of dollars on the…
Since artificial intelligence (AI) chatbot ChatGPT was made available for public use in November 2022, its parent company OpenAI has been battling regulators around the world. This week, the CEO of the company, Sam Altman, spoke to officials in Brussels about their upcoming EU AI Act for which he has “many concerns.”Altman particularly highlighted that the regulations plan to include general-purpose AI technology, such as OpenAI’s GPT-4. He said the “details matter” with regard to such legislation and gave a warning about the future of the company’s activities in Europe if too-restrictive regulation comes into action:“We will try to comply, but…
The total number of Tron accounts surpasses 162 million as of 26 May. However, the number of stakers, weighted sentiment, and volume took a hit. Tron’s [TRX] performance over the last 30 days has been nothing short of commendable. TRX was trading at $0.06518 as of 26 April and at the time of writing, it exchanged hands at 0.077. The token surged by approximately 20% over the last 30 days. However, the efforts taken by the network could be considered a significant reason behind this growth on the price front. A tweet posted by TRONSCAN stated that the total number…
