Author: Crypto News Live

NFT The non-fungible token (NFT) market is evolving, and measuring its success depends on which metrics you’re looking at. According to a new report released by DappRadar on Thursday, NFT trading volume for the month of May has reached $333 million so far, putting it on track to fall below $1 billion for the first time this year. In contrast, there have been 2.3 million sales executed so far this month and a notable increase in the number of weekly active wallets interacting with NFTs. Sara Gherghelas, a blockchain analyst at DappRadar, told CoinDesk that the number of NFT sales…

TL;DRRipple, creators of the XRP token, has been fighting the SEC in court for a while now. The SEC claims that XRP is an unregistered security and wants to shut it down.Neither side is prepared to settle outside of court, which means whatever is decided will become law by precedent.Many see Ripple’s actions as: ‘fighting unfair government control over cryptocurrencies.’But Ripple just announced that they’re releasing a proprietary platform for central bank digital currencies (CBDCs), which will let central banks create their own digital currencies.Which has a bunch of folks in the blockchain industry ‘pulling an Obi-Wan’ and shouting: ‘You…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The order block and fair value gap hinted that MATIC could see a small rally to fill the gap. The strength of the downtrend meant traders should be prepared for a drop beneath the support as well. On the lower timeframes, Polygon [MATIC] appeared to show some bullish momentum, but it was accompanied by heightened volatility over the past two days. Analysis of the higher timeframes showed that the trend was overwhelmingly bearish. Read Polygon’s [MATIC] Price Prediction 2023-24 This…

Blockchain The new compatibility will let Ledger Live allow users to send, receive, and stake Cosmos’ native ATOM token as well as three other Cosmos-based projects: Onomy, Quicksilver, and Persistence. Ledger’s goal is to add more than 20 new Cosmos projects by the end of the year and Axelar is due to be added within two weeks. Ledger Live is an app that enables Ledger users to send, receive, and stake tokens. The team believes Ledger is the first hardware wallet to offer all three functionalities for the Cosmos ecosystem. “Supporting new assets is a challenge. We have teams dedicated…

NFT London’s House of Fine Art (HOFA) gallery is one of the pioneers of the crypto art scene, being one of the first venues to showcase NFT artworks in a physical space back in 2021. Back then, it took a somewhat conservative approach, focusing on prints of CryptoPunks alongside physical sculptures and NFT-adjacent work. This time around, its “Beyond the Screen” exhibition is dialing up the digital element, with vibrant screens displaying eye-popping animated work by the likes of XCOPY, OSF and DeeKay. But the word “NFT” is nowhere to be seen. NFTs are “just a medium,” said NFT artist…

Sotheby’s, one of the world’s oldest and largest auction houses, announced on Friday the auction of seven NFTs that belonged to the bankrupt cryptocurrency hedge fund, Three Arrows Capital (3AC). The auction saw the collection of digital art pieces being sold for an impressive sum of approximately $2.5 million. This significant event was a testament to the continuing relevance and value of NFTs, even amid the collapse of their original owning entity.The Spotlight on Fidenza #725Of the seven auctioned NFTs, one that stood out was a digital piece titled “Fidenza #725“. This digital art, with its unique composition of graphic dashes…

Aave V2 iteration on Polygon has suffered a temporary halt. AAVE’s buying pressure has climbed in the last week. Aave’s [AAVE] V2 iteration on Layer 2 (L2) network Polygon [MATIC] suffered a temporary halt due to a bug on 19 May. This prevented Aave V2 Polygon users from interacting with Wrapped Ether [wETH], Tether [USDT], Wrapped Bitcoin [WBTC], or Wrapped Matic [WMATIC] pools on the protocol, causing assets worth about $110 million to be stuck. .@AaveAave the latest upgrade of ReserveInterestRateStrategy in Aave V2 (Polygon) has caused a temporary halt of the protocol, impacting assets worth ~$110M!The root cause is…

Miami, FL, United States, May 18th, 2023, ChainwireBorderless Capital is the manager behind this new fund. Investors include Jump Crypto, Aptos Labs, Polygon Ventures, Solana Foundation, Algorand Foundation, GSR, Arrington Capital among other institutions Over twenty blockchain teams and venture funds have teamed up to launch a $50 million Cross-Chain Ecosystem Fund focused on backing and growing new startups that leverage the Wormhole cross-chain messaging protocol. The Cross-Chain Ecosystem Fund is being managed and operated by Borderless Capital, a leading venture capital firm in the Web3 space. Backed by top blockchain protocols, infrastructure providers, and institutional investors, the fund aims to support…

Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over $4.5 billion from banks in the first quarter to reduce counterparty risk following Circle’s troubles during the collapse of Silicon Valley Bank.The past few days also brought a change in the winds to Ripple’s battle with the United States Securities and Exchange Commission (SEC), with a motion from the securities regulator to seal some records rejected by a U.S. judge. The move has been viewed as a…

Recently, there was a spike in BTC’s correlation with precious metals. On a daily chart, BTC’s selling pressure outweighed buying pressure.  Bitcoin’s [BTC] correlation with precious metals such as gold and silver has experienced a noticeable surge recently, data from IntoTheBlock showed. 1/ #Bitcoin and precious metals have shown a noticeable increase in correlation recently🪙🧵 pic.twitter.com/PLFro4OVa3 — IntoTheBlock (@intotheblock) May 19, 2023 Read Bitcoin’s [BTC] Price Prediction 2023-2024 This indicated that the price movements of BTC, gold, and silver were more closely aligned as investors and traders alike began to perceive the similarities between these asset classes causing them to move in…