Author: Crypto News Live

The US SEC announced in 2022 the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The US Securities and Exchange Commission (SEC) met on 14 April 2023 and voted in favour of reopening the comments period for proposed amendments to the Exchange Act for an extra period of 30 days. Reopening the comments came after crypto companies publicly criticised the plan as unclear and aiming to centralise decentralised finance (DeFi).  The changes that are deemed controversial in the crypto community were initially proposed in January 2022. The proposal in question…

NFT TABOO raises $10M at a $250M valuation, led by ex-JP Morgan senior executive. Blockchain and NFT technologies fuel TABOO’s rapid growth in the adult entertainment industry. The new funding will help expand TABOO’s market share and strengthen its industry position. TABOO Network, a cutting-edge adult entertainment and media platform, recently announced the successful close of a $10 million funding round. The company now boasts a valuation of $250 million, with the investment spearheaded by a private family office led by a former senior executive from JP Morgan. The spokesperson of the private office leading the investment stated, We are…

By Bogdan Gusiev, Director of Engineering, RegistryWe’re thrilled to announce Automated IPFS, a new way to get the benefits of decentralized storage for your Web3 domain without the hassle. With this update, your new Web3 domains will automatically resolve on Web3-enabled browsers like Brave and Opera, so you can host Web3 websites simply by building your Unstoppable profile.Introducing Automated IPFSIPFS, or InterPlanetary File System, is a popular method for decentralized storage of information. It enables users to store and retrieve files in a distributed manner, providing a resilient system.With Automated IPFS, each minted domain will be preconfigured with an IPFS…

BRISE is currently trading in the red zone, after trading in the green region at the start of the week. BRISE is trading at $0.0000002852, while experiencing a fall of 11.89% in seven days. Indicators signal that SOL would recover from its bearish sentiment. Bitgert’s native token, BRISE is currently trading in the red zone, after trading in the green region at the start of the week. Currently, BRISE is trading at $0.0000002852, while experiencing a fall of 11.89% in seven days. However, trade analysts, reportedly, speculated that Bitgert’s focus on user rewards and tokenomics has shown signs of recovery…

In the face of exorbitant mortgage rates crippling the housing market in Africa, Coinbase, a leading cryptocurrency exchange, has spotlighted the potential of blockchain technology to radically transform the situation. The exchange has specifically highlighted the innovative efforts of Empowa, a decentralized finance (DeFi) platform powered by Cardano (ADA), that aims to tackle the housing affordability crisis in Africa. Empowa has set an ambitious mission: to enable 1 million African families to become owners of climate-smart homes by 2030. The company is determined to disrupt the current real estate market, which is ridden with high mortgage rates. In Zimbabwe, for…

Tech giant Google announced a plethora of new artificial intelligence-backed features during its annual Google I/O conference, with updated AI tech set to appear across its major platforms.On May 10, the annual Google I/O conference took place in California, with CEO Sundar Pichai giving a keynote address on the most significant updates to the firm’s AI stack, among other announcements.Google shows its handThe Pathways Language Model (PaLM) was revealed by Google last August. Since then, developers have used the language learning model to ship generative AI-related apps such as ever-popular chatbots.Google updated its model with “PaLM 2,” boasting improved capabilities…

A mysterious crypto wallet created right before billionaire Elon Musk tweeted about a new memecoin has netted a massive 2,300% profit. New data from blockchain tracker Lookonchain reveals that an address created an hour before Musk’s tweet about Milady (LADYS), the memecoin associated with the Milady Maker non-fungible token (NFT) collection, saw massive gains after the asset jumped in price. “We found a mysterious address. Created one hour before Elon Musk tweeted about Milady. Withdrew 25 [Ethereum] ($45,362) from Binance and bought 8 trillion LADYS at $0.000000005652. No other transactions. Is it a coincidence?” LADYS, which was launched earlier this…

The development could result in a new ERC-20 token to support DAI. Co-founder says Ethereum deployment was necessary for tokenomics and security. In an update released on 11 May, MakerDAO [MKR] disclosed that it was working to develop the project’s efficiency using Artificial Intelligence (AI). Termed “Endgame”, Maker noted that the process of finalizing the objectives might take five different phases. Realistic or not, here’s MKR’s market cap in ETH terms The decentralized protocol, which is also the issuer of the DAI stablecoin, mentioned that Endgame’s short-term objective would be to expand DAI’s dominance in the stablecoin market. The communiqué,…

Blockchain The Venom Foundation has unveiled a groundbreaking strategic partnership with the Government of Kenya to establish a dynamic “blockchain hub” in Africa. This collaborative initiative will prioritize the advancement of Web3 and blockchain technology applications, with a particular emphasis on driving innovation in vital sectors. This includes financial infrastructure, supply chain management, agriculture, small and medium-sized enterprises (SMEs), and cross-border trade. By leveraging this alliance, Kenya and the wider African continent are poised to reap substantial benefits and usher in a new era of technological progress. Christopher Louis Tsu, CTO of the Venom Foundation, said: “Africa is already rich…

NFT Bitcoin wallet service provider Ordinals Wallet announced that it had airdropped Pixel Pepes NFT to users who participated in transactions in the first week of product release. Yes we airdropped Pixel Pepes for free to anyone who made a transaction on https://t.co/poMVA6U2zq in the first weekYes the floor price is now 0.43 BTCNo I don’t know what gua means — Ordinals Wallet (@ordinalswallet) May 10, 2023 Ordinals Wallet, which went online on February 16, is the first Bitcoin wallet to explicitly handle Ordinals Inscriptions. Users may receive, store, and see Ordinals in their wallets using the wallet. Users may…