Author: Crypto News Live

Bitcoin’s price movement, often considered a weather vane for the broader cryptocurrency market, has been in a whirlwind of late. Its ongoing turbulence near key levels has sent shockwaves across the crypto ecosystem, creating a domino effect that’s impacting other digital currencies, including Cardano’s ADA. As concerns regarding interest rate hikes and US debt ceiling continue to spike, ADA is facing volatility with no clear indication. Cardano’s Bearish Backdrop Amid Bullish DataMarking a noteworthy progression, Cardano has fortified its standing in the decentralized finance (DeFi) arena by rising to the rank of the ninth largest decentralized exchange (DEX) chains worldwide in…

Creator royalties have become a major point of contention in the NFT space. This shouldn’t be news to anyone who claims Web3 as their stomping ground. But what should be surprising is that the debate surrounding the necessity of royalties has failed to make any truly significant progress since its inception. Sure, most of the NFT space’s most prominent marketplaces have taken a stance on the matter. Still, by and large, innovations like Manifold’s Royalty Registry have fallen short of ensuring creators receive their dues. That isn’t to say there aren’t builders actively trying to remedy the situation though. There…

What is Hybrid zkRollup? The data on Ethereum is open to the public, however, many data and transactions need confidentiality. Aztec created a transparent + privacy hybrid zkRollup based on this. Everyone is aware of the notion of a hybrid vehicle, which uses both gasoline and electricity to power a vehicle. Aztec recently developed the hybrid zkRollup idea after the closure of Aztec Connect. The network plans to connect Ethereum smart contracts with zk encryption execution in the future. Assume the prior Aztec Connect was just for private digital asset exchanges. In that situation, Aztec zkRollup’s future application scope will…

NFT Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement demand letter has served as an NFT” to the wallet address associated with the alleged influencer. Kanovitz alleged that Ben.eth “used a manipulative launch strategy” over how the Liquidity Pools (LP) were structured and the way that the tokens “trickled out” on the recent presale for his token $PSYOP. Shortly after the accusation, Ben.eth tweeted that 50% of the tokens have been sent out and “the rest will be sent in short order.” SO FAR, 50% OF $PSYOP PRESALE…

NFTrade, an NFT marketplace operating on multiple chains, has partnered with interoperability protocol Rarimo to pave the way for purchasing multichain NFTs with any cryptocurrency across any blockchain.Through Rarimo’s integration, NFTrade’s users can now conduct cross-chain transactions with Ethereum, Polygon, BNB Chain, and Avalanche. Future plans indicate that support will be extended to other chains utilized by NFTrade, such as Immutable X, Palm, and Moonbeam. Rarimo’s compatibility with all token standards aims to ensure it can readily adapt to any future chains that NFTrade may incorporate.Simplifying the Multichain ExperienceUnder the current conditions, users holding crypto on one chain who wish…

GameFi Gods Unchained is the top web3 title in the world when ranked with blockchain-enabled games by trading volume of digital assets. It’s now preparing for a release on both Apple and Android mobile devices later this year that could result in exponential growth. “The mobile dev team has already begun working in the background and we’re on track to bring the game to all (Android and iOS) mobile devices with a soft launch later this year,” game makers said in a blog post on Tuesday. Created by Immutable and launched in 2018, Gods Unchained is a blockchain based digital-trading…

TOPIA represents a fresh spin on the gaming world, drawing from the strengths of its Minecraft roots while offering an array of engaging features that are set to push the boundaries of the gaming universe. As we delve into TOPIA, we’ll discover its journey from NFT Worlds, its enticing opportunities for developers, and the foundational role of the TOPIA Chain and the $TOPIA Token.What is TOPIA?TOPIA is a collaborative project spearheaded by a community actively involved in Minecraft’s modding and third-party games ecosystem for over a decade. TOPIA seeks to address the perceived limitations within the Minecraft ecosystem by modernizing…

2 more rate hikes? Bitcoin analyst counts down to ‘huge’ volatility Source link

A widely followed crypto analyst is issuing a warning to traders that Dogecoin (DOGE) is hinting at a possible reckoning for memecoins. In a new video update, Nicholas Merten, the host of DataDash, tells his 511,000 YouTube subscribers that Dogecoin barely moving during the most recent meme token craze means that meme assets may be in danger. According to Merten, Dogecoin losing the small gains it made last month could mean that the memecoin trend is “fake.” “What does that tell you when Dogecoin, the biggest memecoin out there, doesn’t even make a slight move to the upside during this…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The daily market structure of TRON was flipped bullish in early May. A slump in BTC prices could negatively impact sentiment behind TRX. Since 9 May, Bitcoin [BTC] faced intense resistance around the $28k mark. The bears forced BTC to repeatedly test the $26.7k area as support. It was likely that each retest weakened the buyers, building up to a strong move downward. This could undo the vast strides that TRON made on the price charts in recent weeks.…