Author: Crypto News Live

A suspect identified only as “Hong” was detained by local authorities and arrested in the Gansu district of China after allegedly using ChatGPT to generate fake news stories. According to a report from the South China Morning Post, Hong was detained after an investigation into an unsubstantiated article relating to a train crash was discovered on April 18 by law enforcement agents. Hong’s arrest for “using artificial intelligence technology to concoct false and untrue information” came after cybersecurity specialists discovered at least 20 accounts had simultaneously posted the fake news article to a popular blogging site hosted by Chinese tech conglomerate Baidu.…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure was technically bullish. The failure to defend the former resistance upon the bounce showed it could have been a liquidity hunt. U.S. CPI data for April showed that inflation rates continued to fall. The markets anticipated the annual inflation rates to remain at 5% but the data released on Wednesday showed the CPI rose by 4.9%, which was the smallest 12-month increase since April 2021. Read Bitcoin’s [BTC] Price Prediction 2023-24 The reaction in the crypto…

Key Takeaways FTX is enabling its users to withdraw their funds, but only if they buy select tokens from the TRON network. These tokens—TRX, BTT, JST, SUN, and HT—are trading at a steep mark-up on FTX compared to other platforms. Some suspect FTX may be trying to arbitrage its way into plugging the $9.4 billion hole in its balance sheet. Share this article Some FTX users can now withdraw their funds from the exchange, but only by surrendering 80% of the value of their portfolio to arbitrageurs.A Deal With the DevilFTX has a questionable rescue plan for some of its…

ParaSpace governance began to see conflict due to CEO’s behavior.  Yuga Lab NFTs saw a decline in interest. Milady begins to capture market share. Decentralized lending protocol ParaSpace witnessed some conflicts within its governance over the last few days. ParaSpace allows users to borrow and lend against NFT tokens. Read ApeCoin’s Price Prediction 2023-2024 A scoop of the Coup A group comprising over twelve personnel, including the Chief Operating Officer (COO) of ParaSpace, seized the reins of the organization’s official Twitter account. They endeavored to counteract the CEO’s actions and removed his authority from the protocol. The group made allegations…

Few individuals in Web3 have contributed as much to the space as 0xfoobar has. The machine-learning specialist turned software developer, auditor, and founder is a prolific voice in the NFT scene, highlighting security flaws in project contracts and advising the community on the space’s most popular trends. He’s also one of its more steady-handed pragmatists, viewing Web3’s evolution on a long-term scale. While foobar has had a hand in several Web3 endeavors over the years, his most well-known accomplishment may be the creation of Delegate Cash, a service that allows users to create and assign hot wallets as a delegate…

Blockchain Neftify has extended the support to Optimism, allowing users to build and deploy their decentralized applications faster than before. Neftify is a blockchain RPC provider, and the venture coming out in support of the Ethereum L2 solution takes things to another level where deployment is much faster, cost-efficient, and scalable. The development comes to light to address the issues that the project faces on Ethereum. These are network congestion, high transaction fees, and scalability. Needless to say, all these factors together affect the adoption of dApps in the community. Optimism has been able to craft its way to circumvent…

NFT Non-fungible tokens (NFTs) have taken the digital world by storm, attracting investors and art enthusiasts alike. However, as collectors spend significant resources acquiring unique digital assets, they face the challenge of securely storing these valuables. Here, we explore the difficulties NFT collectors encounter, discuss the emerging solutions and alternatives, and offer insight into the future of NFT preservation. Vulnerabilities in NFT Storage Methods An estimated 40% of Ethereum-based NFTs are off-chain, which means they rely on external servers for storage. This dependence makes them vulnerable to loss, theft, or server shutdowns. The most significant threat comes from centralized servers,…

We’re excited to announce that Etherscan, the most popular blockchain explorer, has launched support for Unstoppable domains. Our new integration lets users seamlessly see transactions and on-chain data connected to an Unstoppable domain and replaces the need to copy-and-paste long crypto wallet addresses. As part of the partnership, Polygonscan also integrated support for Unstoppable Domains to be used in Ethereum and Polygon transactions. This major update adds a new layer of transparency and visibility into transaction activity for Web3 users. The new features include:Look up any Unstoppable Domain on Etherscan and Polygonscan to explore transaction and connected on-chain data View human-readable Web3…

ETH staking gains momentum after staking unlocks, proving investor confidence. At press time, ETH whales held the market back after a recent sale. Not so long ago we were wondering whether ETH staking unlocks will lead to a massive outflow from staking pools. Potentially trigger more sell pressure. Fast forward to the present and it is clear that the unlocked staking contributed to more confidence. Is your portfolio green? Check out the Ethereum Profit Calculator Even Binance is jumping in on the available opportunities. Blockchcian research firm Arkham Intelligence recently observed that Binance transferred 128,000 ETH to a staking address…

GameFi Web3 gaming continues to enjoy rapid growth compared to conventional gaming setups. However, given the highly damaging hacks in the past, how can users ensure safe adoption? Gaming has come a long way since the early days of console and PC gaming. With the advent of new technologies such as blockchain and decentralized systems, we are witnessing a revolution in the field: Web3 gaming. Web3 is the next evolution of the internet, more decentralized, open, and transparent than Web2. With Web3 gaming, players can own their in-game assets, participate in the governance of game ecosystems, and earn real-world value…