Author: Crypto News Live

Blockchain In recent years, both blockchain technology and cloud computing have been two notable trends shaping the digital landscape. Blockchain, which originated as the underlying technology for cryptocurrencies, has evolved into a versatile solution that can support various use cases beyond finance. Meanwhile, cloud computing has changed the way businesses and individuals utilize and store data, enabling them to access vast amounts of computing resources without having to invest in on-premises infrastructure. While blockchain and cloud computing may seem like two distinct technologies, they share some common features and complementary strengths. Both technologies offer transparency, security, and scalability, and can…

NFT Unlocking the Potential of NFTs with Token-Bound Accounts The rise of Non-Fungible Tokens (NFTs) has revolutionized the world of blockchain-based digital assets, with the ERC-721 standard paving the way for a multitude of unique use cases. However, one significant limitation of ERC-721 tokens is their limited traceability. This makes it challenging to verify the authenticity and ownership of the asset, which can be a problem in the case of high-value transactions. Another limitation is the lack of composability, meaning users cannot embed additional utility on top of existing NFTs. This leaves room for more innovation as new use cases…

TL;DRThanks to the rise of NFTs and meme coins on the Bitcoin network, some folks are suggesting the ZK-Proof functionality be added to Bitcoin (to speed things up).But many in the Bitcoin community are much like your stodgy uncle (they don’t like change) – and adding ZK-Proofs would require a ‘hard fork.’Think of it like that time Coca Cola created New Coke alongside Classic Coke. They released the two and let consumers choose their favorite. Same goes for hard forks.The problem is one side wants to move forward, while the other doesn’t want to just stay put, they want to…

dApps such as Planet IX and The Sandbox contributed to Polygon’s success in the GameFi success. DEX volumes continued to rise, however, the price of MATIC fell. In the crypto space, there has been a constant race between various protocols in terms of activity. With Tron [TRX], Binance Coin [BNB], and Arbitrum [ARB] attracting large amounts of activity on their networks, it becomes difficult for protocols such as Polygon [MATIC] to compete. Realistic or not, here’s MATIC market cap in BTC’s terms Polygon here to play no games However, Polygon’s progress in the gaming sector may provide the protocol with…

An open-source artificial intelligence (AI) model is reportedly being prepared for public release by OpenAI, the firm behind the AI chatbot ChatGPT.In a May 16 report in The Information citing a person with knowledge of the plan, OpenAI is undertaking the move as pressure mounts from competing open-sourced AI models, such as those leaked from Meta in February.The timeline of when the model would be released was not reported.If OpenAI release a truly open-source model it would send progress stratospheric — Alex MacCaw (@maccaw) May 15, 2023 It was said OpenAI’s open-source model would likely not be competitive with its…

One trader who masterfully rode the rise of the memecoin Pepe (PEPE) has doubled down on their massive bet, according to on-chain data. First spotted by blockchain-tracking firm Lookonchain, a “smart money” Ethereum (ETH) address printed gains of over 4,500% buying PEPE early and taking profit recently. Lookonchain says that the same trader is now taking their gains and reinvesting it back into PEPE on its price dip. On-chain data shows the entity selling their ETH for more PEPE on decentralized crypto exchange Uniswap (UNI). “A SmartMoney who made 1,219 ETH ($2.2 million) on PEPE spent 1,173 ETH ($2.1 million)…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion SHIB bears maintained dominance with the price approaching its 2023 low. However, this key support level offered hope for bulls. Shiba Inu [SHIB] almost reversed all its 2023 yields. After posting 95% gains to reach a Year-To-Date (YTD) high of $0.000015 in early February, the severe downtrend in March and April erased those gains with SHIB trading at $0.0000088, as of press time. With Bitcoin [BTC] posting 1.95% gains within the past 24 hours to reclaim the $27k price…

Blockchain The Federal Reserve’s forthcoming instant payment service FedNow will be integrated with Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team. The announcement said that the integration will allow Metal users to instantly convert funds to stablecoin and back again using FedNow’s “send/receive” function. FedNow is an instant payment system developed by the United States Federal Reserve. It allows for round-the-clock, near-instant payments between banks. Currently, U.S. residents can only make instant payments domestically through third-party apps such as PayPal and Venmo or crypto wallets. The Federal Reserve has stated that the new service will…

NFT The prominent decentralized and secure blockchain network MultiversX has begun a partnership with JewelSwap (a peer-to-pool NFT lending liquidity platform). As announced by MultiversX, JewelSwap remained effective in deploying several products on the platform. While discussing the purpose of the respective move, the platform mentioned that this was done to increase the NFT value as well as utility. JewelSwap Installs Several Products on MultiversX to Enhance NFT-based Use Cases of DeFi MultiversX additionally noted that this development will play a significant role in bringing about an expansion in the opportunities related to the decentralized finance (DeFi) sector. Apart from…

Non-Fungible Tokens (NFTs) are unique digital assets secured on a blockchain. They can represent a wide range of tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers. To fully appreciate their significance and potential, it’s crucial to understand the history of NFTs, tracing their evolution from a nascent concept to a significant player in the digital economy.2014: The Birth of NFTsThe birth of NFTs can be traced back to 2014 when digital artist Kevin McCoy created Quantum, the first-ever NFT. He minted it on the Namecoin blockchain, a pioneering digital currency that offered the ability…