Author: Crypto News Live

Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus. The Senate Judiciary Privacy, Technology, & the Law Subcommittee session represented Altman’s first official appearance before Congress, giving senators the opportunity to question the OpenAI CEO concerning his company’s views on regulation. ‘If this technology goes wrong, it can go quite wrong.’OpenAI CEO Sam Altman admitted during a Senate hearing that his ‘worst fears’ are causing ‘significant harm to the world’ via developing tech. pic.twitter.com/RROe9DnR2U— NowThis (@nowthisnews) May 16, 2023 Dubbed a “historic” session by…

Bitcoin recorded the second-highest NFT sales volume for any blockchain during the last seven days. Ordinals was the second-largest NFT collection, just behind the blue-chip collection BAYC. A year ago, nobody would have imagined Bitcoin [BTC] could become a favored network for facilitating Non-fungible Token [NFT] transactions. However, things have taken a sharp turn since the beginning of 2023. Read Bitcoin’s [BTC] Price Prediction 2023-24 A user who invests in Bitcoin-related firms recently tweeted that 80% of the top 10 NFT sales in the previous week took place on Bitcoin, a space that is typically dominated by networks powered by smart contracts…

A popular crypto strategist is predicting a bounce for memecoin Pepe (PEPE) and a new layer-1 project as he updates his outlook on Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his 195,100 Twitter followers that he believes Pepe will eventually put in new all-time highs, but only after shaking out weaker hands. “PEPE: Very good place to take profits around here if you’re in from lower. Could it go higher? Of course, I actually think it eventually will. But in the short term, it looks a bit sketchy. (I’m still in this one myself from much lower).” Source: Altcoin Sherpa/Twitter Altcoin…

Popular crypto analyst Nicholas Merten has made a prediction about the altcoin market. According to Merten’s recent DataDash update, he anticipates a significant decline in the altcoin market cap, primarily influenced by the plummeting value of memecoin Pepe (PEPE).Merten highlights that the current state of the altcoin market lacks any significant catalyst to attract increased liquidity.  To support his prediction about the ongoing decline in altcoin market liquidity, Merten dives into the recent price movements of three layer-2 scaling solution projects: Optimism (OP), Arbitrum (ARB), and Polygon (MATIC). By analyzing the price action of these projects, Merten says that there is…

The recent resurgence of memecoins has seemingly inspired a significant shift within the NFT ecosystem. Why? Because the potential to profit from trading popular tokens such as $PEPE, $TURBO, and the like is just too good to pass up, even for the most staunch NFT traders. While open editions and burn mechanics led the pack for the first half of 2023, memecoins undoubtedly stole the show in April, inspiring both praise and controversy. Yet, even when trading began to slow and prices waned in the wake of a Coinbase fiasco, one NFT influencer emerged as potentially the biggest breadwinner of…

Blockchain The recent shout-out from the Dubai government’s media office comes a few days after Ripple expanded into the city with a new office. The official media office of the government of Dubai has spotlighted Ripple as a key player and leader in enterprise blockchain solutions and crypto solutions. This shout-out from the government’s media office came in response to Ripple’s latest move to expand into the city with a new office. .@Ripple, the leader in enterprise blockchain and crypto solutions, is expanding its presence in #Dubai with a new office in Dubai International Financial Centre (@DIFC). Progressive regulations and…

NFT Ever wanted to own an original, signed Andy Warhol screen print? Now you can, starting at just $20… per tokenized share via a new fractionalized art platform. Also, you have to buy at least 10 shares to grab a fraction of ownership. Freeport—a platform and community gallery for tokenized fine art—is auctioning the famed pop art icon’s work as its first-ever collection. A four-piece curated set of original Andy Warhol screen prints is now available from the platform, ranging in price from about $20 to $78 per share, based on the piece. The selection includes original, signed screen prints…

Leading Web3 technology firm OKX has announced plans to launch Ordinals Marketplace on OKX Wallet, enabling users to mint and trade Bitcoin Ordinals and BRC-20 tokens.This step highlights OKX’s ongoing support for the Bitcoin ecosystem, positioning the OKX Wallet as the only multichain wallet facilitating trading and minting of Ordinals, BRC-20 tokens, and NFTs across over 60 blockchains.Jason Lau, OKX’s Chief Innovation Officer, stated, “OKX has always believed in the power of Bitcoin, and we’re proud to be constantly at the forefront of bringing Bitcoin technologies to a wider market. Whether it’s Ordinals, BRC-20, or Lightning, we see the potential…

The L2 project will move from the Goeril Testnet to the final Bedrock on 6 June. Still, Arbtirum has dominated it in terms of active addresses. Layer two scaling platform Optimism [OP] has finalized the date for the Bedrock upgrade. According to its official announcement, it would take place on 6 June. The upgrade, which was talked through earlier in the year, would help improve the performance of the Optimism network. Realistic or not, here’s OP’s market cap in ARB terms The deployment may have potential Besides that, the upgrade, whose Goerli Testnet took place in January, would also contribute…

Superior opens up a two week playtest on Gala Games, bringing players the first opportunity to play and earn, as well as utilize their NFTs! Superior actually launched an early access version on Steam back in November of 2022. And while they have expanded, updated, and bugfixed their game quite a bit since then, the Steam version was still a basic web2 style game. It didn’t include NFTs or the type of rewards system that we expect with web3 gaming. That all changes with a two week playtest that started on May 15th and runs through May 30th! This playtest…