Author: Crypto News Live
The chief executive of the world’s largest crypto exchange platform by volume says that a recent development within the field historically leads to bull runs. Binance CEO Changpeng Zhao says that China Central Television’s recent crypto-focused broadcast is a “big deal,” and has historically led to bull runs. “CCTV (China Central Television) just broadcasted crypto. It’s a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs. Not saying [the] past predicts the future. And not financial advice.” The broadcast, which aired on May 23rd, covered securities regulators in Hong Kong creating a mandatory…
Tron’s staking ecosystem performed recently, as the total TRX staked remained stable TRX’s price had already declined by more than 1% in the last 24 hours Tron [TRX] investors had a comfortable week as the token registered promising gains. According to CoinMarketCap, TRX’s price increased by more than 9% in the last seven days. At the time of writing, TRX was trading at $0.07708 with a market capitalization of over $6.9 billion. Not only that, but Tron’s staking ecosystem also grew of late, which looked encouraging. However, CryptoQuant’s data revealed that the coming week might not look the same. Read…
In a recent announcement, Wu Zhong-ze, the former Deputy Minister of the Ministry of Science and Technology in China, emphasizes the significance of expanding the use of the metaverse in various sectors.Despite China’s strict regulations on cryptocurrencies and non-fungible tokens (NFTs), the country acknowledges the potential of Web3 technologies, including the metaverse, in driving its digital economy.Integration of Metaverse in Key SectorsWu Zhong-ze highlights the importance of integrating the metaverse into sectors such as education, commerce, healthcare, and entertainment. Leveraging the metaverse can bring transformative benefits and new opportunities for these industries. By exploring the potential of Web3 technologies, China…
Today, May 24, the prominent global network of art galleries, Gagosian, has announced an innovative new exhibition in collaboration with critically acclaimed multimedia artist Takashi Murakami. Entitled Understanding the New Cognitive Domain, the exhibition will open on June 10 at the gallery in Le Bourget, France, and focus on Murakami’s monumental paintings while paying homage to his Web3 endeavors. Although there will undoubtedly be fanfare surrounding what comes as Murakami’s debut exhibition with Gagosian in France, the significance of Understanding the New Cognitive Domain lies within the physical works available for viewing. Notably, the renowned Japanese creator will unveil a…
Blockchain A Bitcoin developer by the name of Burak recently unveiled Ark, a Layer 2 protocol designed to enable fast and secure transactions. According to a post on the Bitcoin dev mailing list, Ark offers an alternative scaling approach that allows users to send and receive funds without liquidity constraints, making it easier for recipients to get paid without an onboarding setup. Unlike other Layer 2 solutions like Lightning, Ark does not require the opening and closing of channels, reducing the on-chain footprint significantly. The protocol operates using virtual UTXOs (vTXOs), which are short-lived notes that expire after four weeks.…
NFT Several popular nonfungible token (NFT) collections have seen their floor prices tumble this year. Moreover, the NFT boom of previous years has failed to gain any traction in 2023. NFT markets are in the doldrums. While crypto markets have gained 40% since the beginning of the year, the same cannot be said for NFTs. NFTs and Digital Collectibles Losing Their Shine Furthermore, some of the biggest and most popular collections from last year have struggled this year. On May 22, industry influencer and observer ‘HashBastards NFTs’ revealed how much some of the top NFTs have fallen. The Doodles collection…
TL;DRFTX’s new CEO, John J. Ray III, wants to relaunch the exchangeHere’s the argument against the move: centralized crypto exchanges require a lot of user trust, and FTX ab.so.lute.ly nuked that trust when it collapsed last year.Here’s the argument in favor of the move: to coax users back to the platform, FTX would need to be so stupidly safe, transparent, and compliant…it could become a selling point.Is this enough? Probably not. But this idea is only being floated in the hopes that FTX can replace its users’ lost funds, and make them whole again.Full StoryRemember when Myspace came back from…
Ethereum’s supply held by top addresses spiked substantially over the last 30 days. Market indicators were bullish, but a few metrics suggested otherwise. Like most cryptos, Ethereum’s [ETH] price action also went sideways for quite a few weeks recently. As per CoinMarketCap, ETH’s price declined by over 1% in the last 24 hours. Is your portfolio green? Check the Ethereum Profit Calculator At the time of writing, it was trading at $1,825.01 with a market capitalization of more than $219 billion. The recent price action did not seem to have pleased the whales, as Glassnode’s data suggested that the big…
Gods Unchained releases a 2023 roadmap, outlining some of their plans of the year. This includes new game modes, improved player experiences, and the launch of the Gods Unchained mobile app! The Gods Unchained team has undergone a number of upheavals over the years. From several organizational restructures to a branching off into the development of Immutable X. However, none of this seemed to help solidify and guide the game’s development. But now the GU team thinks that they are on the right track, with a core group of six developers now in charge of the game, And so, Gods…
OpenAI warns superhuman AI may arrive within a decade: ‘We have to get it right’ Source link
