Author: Crypto News Live

…but what the hell does that all mean?The idea that ol’ Tom is putting forward here is that when most crypto projects start out, they are securities by law.Generally, if an investment of money is made in a business (or ‘common enterprise’) with the expectation of a profit to come through the efforts of someone other than the investor, it is considered a security.That ‘common enterprise’ is easily defined when its a small team of developers selling a crypto token to fund initial development.But when that small group is no longer in control, and anyone in the world can contribute…

A popular crypto strategist believes that the next few days will be crucial for the future prospects of Bitcoin (BTC). Crypto analyst Michaël van de Poppe tells his 657,000 Twitter followers that he’s looking for BTC to retest the 200-week moving average (MA) as support. According to Van de Poppe, a successful retest of the key technical indicator could suggest that the Bitcoin correction has concluded. “If you go back in history, the 200-(week) MA retest is a great period to accumulate. In the past six months, Bitcoin has been swimming beneath for a long period, making it the most…

U.S. President Joe Biden has expressed his opposition to a debt ceiling agreement. Some people have chastised the President for lumping crypto traders and tax cheats together. United States President Joe Biden has expressed his opposition to a debt ceiling agreement with Republican leaders that would supposedly benefit cryptocurrency traders. Biden termed the Republicans’ proposed parameters “unacceptable” during a press conference on 21 May at the Group of Seven (G7) Summit in Hiroshima, Japan. He said, “I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly…

Blockchain A handful of Cosmos ecosystem contributors will partner in funding an initiative to bring Mesh Security to life. Not to be confused with Interchain Security (ICS), Mesh Security is a separate security model designed to increase the economic security of the Cosmos network while enabling individual blockchains to remain sovereign. In an interview with Blockworks, Sunny Aggarwal, the cofounder of Osmosis Labs, drew comparisons between Mesh Security and the NATO alliance. “NATO is a security alliance, and all the countries in NATO have their own militaries but if one country is attacked they all rush to the other’s defense……

NFT After the first BonklerNFT was sold for $125,000, the coin had another good day with a 120.3% increase in floor price, according to CoinGecko. With a basis on the Ethereum blockchain, the NFTs reached an all-time high of 32.8 ETH ($58,666 dollars). Introducing BonklerNFT As of today, the price floor for Bonkler rests at $58,607, reflecting a considerable 24-hour sales volume of 15.00 ETH. Notably, a total of 33 NFTs have been minted, with ownership distributed among 24 distinct holders, resulting in a cumulative market capitalization of $1,934,039. NFT Watch: Floor price of @BonklerNFT is up 120.3% today, reaching…

The Ethereum blockchain has given rise to multiple token standards, each with its unique characteristics and uses. Among the many Ethereum Improvement Proposals (EIPs) that have emerged are ERC-721 and ERC-6551. Each of these has its unique role and potential, offering intriguing possibilities for the growth and development of the NFT space.The Original Non-Fungible Token StandardERC-721 is the original standard for NFTs on the Ethereum blockchain, and its importance cannot be overstated. Before ERC-721, tokens on Ethereum were largely fungible, like the ERC-20 standard used for most cryptocurrencies. Fungible tokens are identical to each other and can be swapped on a…

Mysten Labs arrived late to the blockchain gaming party, but the firm has funded $300 million and plans to offer high-end games on its Sui Layer 1 blockchain. Sui, which debuted its mainnet on May 3 of this year, is not compatible with the Ethereum Virtual Machine, unlike several other popular Web3 gaming networks (EVM). Mysten Labs thinks the Sui Network’s intrinsic gaming appeal will allow it to appeal to mainstream gamers based on its capacity to conduct transactions in parallel and expand up by adding more nodes to meet demand. The initial wave of games introduced in the ecosystem…

Solana outperforms Tron in various sectors, despite having fewer active addresses. A booming NFT market and high activity on dApps helped the network’s rise. Tron [TRX] has been exceeding expectations as the number of daily active users continued to surge. This caused the protocol to generate large amounts of revenue. Check out the Weekly Fundamentals report from @tokenterminal! ✅ Token transfers fuel growth✅ Strong adoption in emerging markets Read more about this: https://t.co/vh8kK15L0d pic.twitter.com/qlLfdaEG9e — TRON DAO (@trondao) May 19, 2023 Is your portfolio green? Check out the Tron Profit Calculator However, despite these factors, Solana [SOL] outperformed Tron in…

Blockchain Chainlink, a provider of real-world data to blockchains, said infrastructure provider Coinbase Cloud will become a node operator on its system, adding capacity and security to the so-called oracle network, according to a Thursday press release. A node operator monitors blockchains for data requests such as stock prices and temperature data, retrieves the off-chain information and delivers it to the smart contract that issued the request. Other Chainlink node operators include telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press. Chainlink supplies 974 data feeds and has enabled $7.8 trillion worth of transactions since the start of 2022…

NFT In this article, I want to discuss OnePlanet and their Polygon NFT marketplace. OnePlanet have had a very interesting journey and were one of the go to NFT Marketplaces on the Luna Terra network.With the issues coming from the collapse of Luna Terra in 2022, OnePlanet had to make some quick decisions in regards to the future of their business, and in turn the NFT projects that had used OnePlanet’s Launchpad to launch. They undertook a rigorous process to figure out what the best options for them and their end users would be. At the end of this process…