Author: Crypto News Live

Exchange News Coinbase is ramping up its international development efforts amid SEC crackdown.  The Singapore MAS gave Coinbase its first clearance back in October. Since the SEC denied the need for clarification on crypto regulations in a court filing on Monday, the cryptocurrency exchange Coinbase has shifted its focus to Singapore. Due to the ambiguity of cryptocurrency laws in the United States, Coinbase CEO Brian Armstrong is contemplating relocating the company’s headquarters to the Bahamas, the United Arab Emirates, or Europe. In light of the recent regulatory crackdown on cryptocurrencies in the United States, Coinbase is ramping up its international…

Italy’s back and forth with the emergence of artificial intelligence (AI) continues, after lawmakers in the country announced funds for those at risk of losing their jobs to automation. On May 15 Italian officials set aside 30 million euros ($33 million) towards the Fondo per la Repubblica Digitale (FRD) to enhance the capabilities of the unemployed and those whose jobs are at risk of automation and AI-takeover.The FRD was initially set up by the Italian government back in 2021 with the mission of boosting digital skills and “developing the country’s digital transition.” According to the foundation, 54% of Italians between the…

Key Takeaways Aptos is a new high-throughput Layer 1 blockchain that uses a novel smart contract programming language called Move. The project is considered the technological successor of Meta’s abandoned blockchain network, Diem. Due to its stated theoretical throughput of 100,000 transactions per second, Aptos has been dubbed a potential “Solana killer.” Share this article Aptos is a scalable Proof-of-Stake Layer 1 blockchain that uses a novel smart contract programming language called Move. The project is developed by Aptos Labs, a blockchain startup led by two former Meta employees.Aptos UnpackedAptos is a Proof-of-Stake-based Layer 1 blockchain that combines parallel transaction…

TRX’s circulating supply was 90.4 billion, registering a fall of more than 7% on a YoY basis. Indicators suggested that market sentiment for TRX was weak. With the intention of long-term market value growth, TRON [TRX] has taken deliberate measures to apply deflationary pressure on its native token TRX. Read TRON’s [TRX] Price Prediction 2023-24 The network removed more than 20 million TRX tokens out of circulation on 16 May, marking the largest increase in burn rate in a month. Data from Tronscan showed that the burn rate increased significantly in 2023. As the number of new tokens minted on the network…

If you’ve been involved in the NFT sphere since 2021, you may recall the formidable presence 0N1 Force once commanded when it came onto the scene that August. One of the first-ever true anime PFPs, it had an average sale price of over 6 ETH shortly after launch, according to OpenSea. However, following a period of popularity, 0N1 Force experienced a gradual decline, with the project’s minimum price languishing below 0.30 ETH during the summer of 2022. Emerging from the 2022 slump, 0N1 Force now embarks on a new chapter, bolstered by changes in its ownership and leadership, a redefined…

Blockchain All eyes are on electric vehicles. The Biden administration last month announced a historic overhaul to ramp up adoption of EVs. Under new regulations put forth by the Environmental Protection Agency (EPA), at least 54% of all new vehicles made in the United States must be electric by 2030, essentially mandating a new North American supply chain, assembly lines, and manufacturing facilities. A blockchain solution isn’t just a necessity for realizing this supply chain: It is the only way to have transparency and ensure human rights as the United States transitions off fossil fuels. Dr. Qichao Hu is the…

Key Points: Blockstream CSO Samson Mow said that the hype surrounding Ordinals and BRC-20 tokens is unsustainable and will disappear within a few months. Mow believes that they clog the network like spam. Former Blockstream CSO Samson Mow told Cointelegraph that the excitement surrounding Bitcoin Ordinals and BRC-20 tokens is unsustainable, and that they are just as spam polluting the network. He stated: “These guys are basically paying massive amounts of fees that go directly to Bitcoin miners, and there is no way this can be sustained. They will fade away after even months, let’s not talk about years here.”…

Three influential contributors to Uniswap, the leading decentralized exchange, have initiated discussions to explore a potential deployment on Coinbase’s Layer 2 blockchain Base. The proposed integration, which was brought forward today on Uniswap’s governance forum by she256, Michigan Blockchain, and GFX Labs, would extend user access to Uniswap’s decentralized exchange via Base’s Layer 2 network, contingent upon the approval of an on-chain governance vote. The groups behind the proposal form part of Uniswap’s decentralized autonomous organization. GFX Labs, among the trio, will shoulder the responsibility for the technical implementation of the contracts on Base, subject to the proposal’s approval. Should the…

For the second time, a roll-up’s daily active addresses surpassed those of Ethereum. Sentiment around ETH remained negative last week, but network growth and funding rates were high.  Ethereum’s [ETH] daily active addresses were stagnant for quite a few months. While ETH’s metric plateaued, roll-ups, on the other hand, flourished. Is your portfolio green? Check the Ethereum Profit Calculator      Artemis posted a tweet on 17 May mentioning that for only the second time in its history, Ethereum mainnet daily active addresses were flipped by a roll-up that settles directly to it.  For only the second time in its…

Sky Mavis, the powerhouse behind the NFT sensation Axie Infinity, is setting its sights on expanding the universe with the launch of the card game Axie Infinity: Origins. Initially introduced in selected regions via Google Play and the Mavis Hub, the game is now taking a significant leap, marking its debut on the Apple App Store in markets where it has found a solid fanbase.The strategic card game, offering free non-NFT “starter” characters for new players, is kickstarting its Apple store journey in Latin America and Asia. Boasting 1.5 million installs across all platforms, the game’s global expansion is on…