Author: Crypto News Live
GameFi The Japanese gaming giant Square Enix has reasserted its commitment to blockchain gaming, announcing that it will continue to develop blockchain, Web3, and NFT games in the next 12 months. The firm, which created the Final Fantasy series, issued an end-of-fiscal year statement this month. Square Enix has faced a furious backlash from many gaming communities for its blockchain pivot, which it first unveiled in early 2022. The company’s turnover fell slightly over the past year from around $2.7 billion at this time last year to about $2.5 billion. It also lost almost 1,000 staff members in the same…
A widely followed crypto strategist says that Bitcoin (BTC) could take off next month as a result of one catalyst. The anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that a historical bull signal is on the verge of occurring again. According to the trader, when Bitcoin’s realized price (RP) crosses above the long-term holder realized price (LTH RP), the crypto king tends to fly. The RP is the value of all BTC at the price they were bought, divided by the number of coins in circulation. The LTH RP is the average on-chain acquisition price for coins held…
Avalanche’s monthly active addresses recorded an increase of 86% in April. There was a 35% drop in monthly decentralized exchange (DEX) volume in April. For the month of April, the Avalanche [AVAX] ecosystem released a status report that included significant updates about network performance and platform upgrades. One of the biggest takeaways was the exponential growth in active addresses. The monthly active addresses across all subnets hit nearly 780,000 in April, recording a massive increase of 86% from the previous month. While the majority of active addresses originated from the C-Chain, the network’s smart contract layer, there were also appreciable…
Building on the success of its inaugural year, Gary Vaynerchuk’s VeeCon is returning in 2023 as the second annual NFT-ticketed super-conference. This unique event, exclusively designed for the VeeFriends community, is being held in Indianapolis, Indiana, from May 18-20. Those who aren’t VeeFriends holders can still attend by purchasing tickets through Opensea. At the time of writing, the floor is currently listed at 0.08 ETH ($145.46). VeeCon 2023 boasts a distinguished lineup of 190 speakers drawn from a wide array of sectors. This year’s conference will notably present thought-provoking talks from thought leaders in the NFT and Web3 world, accomplished…
Long-held BTCs remained inactive for a prolonged period of time. Selling pressure outweighed accumulation on a daily chart. Despite notable increases in price action, the current level of Binary Bitcoin Coin Day Destruction in 2023 remains subdued compared to the elevated destruction seen during the 2021 primary bull market, on-chain data provider Glassnode found. The current level of Binary #Bitcoin Coin Day Destruction remains heavily muted when compared to the sustained elevation in destruction witnessed across the 2021 primary Bull Market. This suggests mature coins are remaining largely dormant relative to their long standing… pic.twitter.com/h1uevHNvn7 — glassnode (@glassnode) May 17,…
Blockchain Key takeaways Zeebu has partnered with four telecom companies; BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc. and Novatel. The telecom carriers generate more than $1.2 billion in annual revenue. Zeebu seeks to create a trustless, transparent, and more efficient ecosystem for telecom carriers and their partners. Zeebu partners with four telecom carriers with $1.2B + yearly revenue Zeebu, the world’s first end-to-end blockchain platform designed specifically for global telecom carrier businesses, announced on Tuesday, May 16th, that it has entered into strategic partnerships with BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc. and Novatel, d.o.o. In a press…
NFT The article, written by three authors, laid out the prosecutors’ vision of the market risks and the following reasons to enforce it more actively. The authors pointed out that the trend of “securitization” of NFTs, which refers to the shared ownership of one copy by multiple users, no longer corresponds to the criteria of non-reproducibility, indivisibility, and uniqueness. They believe that this trend poses a great risk to the stability of the NFT market and needs to be addressed as soon as possible. In addition, the prosecutors expressed their concern about the “inflation of prices” on NFTs, which has…
TL;DRTether, the company behind the world’s largest stablecoin by market cap, just announced a new investment strategy.For any company to make $1.48B in profit in a single quarter is a big deal – a Web3 company, during a bear market making $1.48B in a single quarter? Incredible.If companies that understand crypto start to make more and more institutional investments in BTC, chances are, eventually that will flow through to non-crypto-related companies following suit.Full StoryTether, the company behind the world’s largest stablecoin by market cap, just announced a new investment strategy.The plan is to allocate ~15% of their profits each month…
GameFi SlingShot DAO, a gaming idea launchpad, created a platform that aims to democratize game creation — putting users in charge of which game to add to the platform. Anyone can submit their game ideas, which are then voted on via the DAO community of gamers on the SlingShot app. The most popular ideas are then greenlit for development and funded by the SlingShot DAO Treasury. A representative of SlingShot further stated: “Our platform invites all demographics within the gaming ecosystem to work together, fostering an environment of collaboration and innovation.” Live on both Roblox and The Sandbox, both Web2…
Sparklo (SPRK) is a relatively new player in the market that is making waves. It is the first blockchain investment trading platform specializing in gold, silver, and platinum, which makes it an attractive option for those who want to invest in precious metals. With the current global crisis, the timing of Sparklo’s deployment could not have been better. But how does Sparklo (SPRK) stack up against other digital assets like Cardano (ADA) and Solana (SOL)? Each of these digital assets has unique features that set them apart, and it can be challenging to determine which one has the most long-term…
