Author: Crypto News Live
Bitcoin Ordinals get criticized by few in the crypto industry. Despite the criticisms, interest in Ordinals remains high. Traders remain positive, as put to call ratio declines. Over the last few months, the introduction of Ordinals and Inscriptions on the Bitcoin [BTC] network has breathed new life into the protocol. With activity surging, resulting in high fees generated by the miners, overall sentiment remained positive around BTC’s recent development. Read Bitcoin (BTC) Price Prediction 2023-24 A lot to say However, some prominent figures in the crypto space have started to criticize this technology. For instance, Enrico Rubboli, CEO of Bitcoin’s layer-2 sidechain…
This shift aims to enhance business opportunities, profit-sharing structures, and network security, while ensuring openness, transparency and censorship resistanceConsensus algorithm will be improved to allow for the participation of as many validators as possible without compromising Klaytn’s performanceKlaytn Foundation, the non-profit overseeing the growth of the Klaytn ecosystem, has announced the transition to a permissionless validator structure. In time, anyone will be able to participate in the Klaytn ecosystem as a block validator alongside existing Governance Council (GC) node operators, as long as they meet minimum qualifications that are currently being finalized. With network incentives now provided at the protocol…
Ethereum’s supply on exchanges hit an all-time low, with only 10.1% of the total supply available for trading. Investors remain optimistic about Ethereum’s future despite liquidations, as the exchange funding rate is still positive. Following its remarkable 6% surge in value on 5 May, Ethereum [ETH] has embarked on a consistent downward trajectory. Yet, the diminishing price is not the sole metric experiencing a decline recently; another crucial supply metric was also steadily dwindling. Read Ethereum (ETH) Price Prediction 2023-24 Ethereum supply on exchanges dips to ATL As of this writing, Ethereum was trading at approximately $1,760, reflecting a more than…
The foundation of the Web3 ecosystem is the wallet, an app or browser extension that lets users verify their web identities and authorize transactions. But using a wallet has always involved a steep learning curve. New users must learn to copy down their seed words and store them in a safe place, create a strong password to encrypt their keystore file, copy addresses accurately when sending funds, and other things they may never have to learn when using a Web2 app.If a new user wants to make onboarding more accessible, one option is to use a custodial wallet provider, such…
A 23-year-old Snapchat influencer has seemingly taken a leaf out of the SimpDAO playbook by launching an artificial intelligence-based girlfriend version of herself via OpenAI’s chatbot ChatGPT. The influencer in question, Caryn Marjorie, has 1.84 million subscribers on Snapchat, along with 215,000 followers on Instagram. Dubbed CarynAI, the project was built by Forever Voices, which utilizes more than 2,000 hours worth of audio from Marjorie’s deleted YouTube videos to create the virtual girlfriend. It comes in a text and audio-based format, with the AI closely replicating her actual voice and speaking patterns. CarynAI usage is up 500%— Caryn Marjorie (@cutiecaryn) May…
Key Takeaways Binance founder and CEO Changpeng “CZ” Zhao revealed Sunday his company would liquidate its exposure to FTX’s FTT token. Zhao’s move may be influenced by revelations that the FTX-affiliated trading firm Alameda Research could be facing financial difficulties. If Binance and FTX cannot resolve their differences soon, it could result in a drawn-out conflict between the two exchanges. Share this article A spat between Changpeng Zhao and Sam Bankman-Fried could spark a crypto cold war between the space’s two biggest exchanges. Binance Plans to Clear FTT ExposureConflict is brewing between two of crypto’s biggest whales.Binance founder and CEO Changpeng…
The ongoing lawsuit against Ripple Labs has left many wondering about the future of XRP, the cryptocurrency associated with the company. Despite the legal challenges, finance experts have begun to speculate on XRP’s potential price by the end of 2023, taking into account its unique features and partnerships.Experts Predict XRP’s Price by DecemberInvestment analyst Tim Doman acknowledges the impact of the lawsuit on XRP’s price, but he also notes that recent court rulings seem to favor Ripple. This has led to positive market sentiment, as XRP boasts a number of desirable qualities. As an excellent bridge between currencies, it is…
Blockchain Arbitrum (ARB), one of the most functional Ethereum-based Layer 2 scaling solutions, has shared an insight into its adopted mechanism for managing the fees generated on its platform. Taking to its official Twitter handle, Arbitrum said it is the “only rollup that sends all surplus revenue generated by transaction fees to their respective DAO.” Fee generation model According to the insights shared by the protocol, all users on Arbitrum One pay a fee when transacting on the network. This fee is split into two components, including L1 fees for covering transactions on Ethereum and L2 fees for Arbitrum fees.…
NFT The organizers of a new Brazilian chess tournament say they will reward winners with non-fungible tokens (NFTs). Per the Brazilian media outlet Livecoins, the event will be “nationwide” and has been organized by a fintech firm named Inkluziva. The event will open to students “in the national education system” aged six and upwards. Five age categories will be opened, meaning that a total of five national champions will be crowned at a final to be held on November 25. Winners will receive a “personalized NFT” with a record of the last move of the match. Source: Dune But the…
TinyTap, the edtech company owned by Animoca Brands, raised $8.5 million in new funding, aiming to “disrupt education with web3.” Investors included Sequoia China, Polygon, Liberty City Ventures, Kingsway Capital and Shima Capital, TinyTap said Tuesday. The funding was realized in a combination of equity via SAFE (simple agreement for future equity) and token via SAFT (simple agreement for future tokens), TinyTap CEO Yogev Shelly told The Block. “That said, at the time of the closing of the round, no exact plans for a token were shared with investors,” Shelly said. “We merely focused on how we believe a tokenomics…
