Author: Crypto News Live
Worldcoin, a project to identify humans and distinguish them from artificial intelligence, has launched a gas-free crypto wallet for verified humans, according to a May 8 announcement. The new wallet, called “World App,” works on Android and iOS operating systems. It currently runs on the Polygon (MATIC) network, allowing users to hold and transfer United States Dollar Coin (USDC), Dai (DAI), Ether (ETH), Worldcoin (WLD) and Wrapped Bitcoin (WBTC).World App uses the project’s “World ID” system to discriminate between humans and bots. Users who want to take advantage of gas-free transfers must first register for a World ID by supplying a…
The French government is seeking public comment on the metaverse, or what it’s calling the “virtual immersive universe,” to shape “a French strategy” for the up-and-coming sector and offer an alternative to the “international giants.”On April 11, France’s Directorate General for Enterprise issued a consultation calling upon companies, associations, citizens and researchers to answer a series of questions regarding “virtual spaces.”It noted the purpose of the consultation is to allow the public to express their expectations on how to anticipate metaverse technology and to “offer an alternative to the virtual immersive universes currently offered by the international giants.”It highlighted the…
Binance has resumed Bitcoin withdrawals on its trading platform. The exchange suspended withdrawals earlier today, citing congestion in the Bitcoin network. Binance’s Bitcoin wallets have seen outflows of more than 157,000 BTC over the past 24 hours. Binance has resumed Bitcoin withdrawals on its platform almost two hours after the exchange suspended BTC withdrawals for its customers. The world’s largest crypto exchange cited congestion in the Bitcoin network earlier today as it paused Bitcoin withdrawals. Binance Cold Wallets Sees Outflow Of Over 157,000 BTC Binance took to Twitter earlier today to inform its customers that they wouldn’t be able to withdraw their…
Key Takeaways The collapse of FTX is already going down as one of the most severe crypto-related frauds in history. Over the course of a week, Sam Bankman-Fried’s carefully-curated empire was shattered along with his reputation. While it’s not know how many have been hurt by the scam, we do know who some of the biggest victims are so far. Share this article FTX and its affiliated trading firm Alameda Research have been exposed. A November 2 CoinDesk article revealing Alameda’s troubled finances put a series of events in motion that eventually revealed FTX as insolvent. Former FTX CEO Sam Bankman-Fried secretly…
Staking rates and gas fees on Ethereum begin to fall as the meme coin craze declines. On a daily chart, ETH’s selling pressure exceeds its buying pressure. The hype around meme-based tokens on the Ethereum [ETH] network that drove up the staking rate has begun to subside as the focus shifts towards BRC-20 tokens on the Bitcoin [BTC] network. According to data from beaconcha.in, Ethereum’s staking rates, which climbed to a post-merge high of 8.6% on 5 May due to increased on-chain gas fees, have begun to experience a decline. At press time, this stood at 6.72%. Source: beaconcha.in The…
Alibaba Cloud has unveiled a collaboration with layer-1 blockchain Avalanche, and MUA DAO, a service layer provider. The alliance, announced at the Avalanche Summit II event, seeks to establish Cloudverse, a metaverse launchpad that assists businesses in creating, deploying, and managing their unique metaverse environments on Avalanche’s blockchain.The Cloudverse PlatformCloudverse aims to support businesses with the customization and integration of metaverse environments. MUA DAO will act as the service layer, aiding in the implementation and personalization of metaverse spaces for customers.John Wu, President of Ava Labs, explained that Alibaba Cloud’s partners are eager to join web3, and the collaboration plans…
Everyone has an NFT or two that they regret holding. This is simply the nature of the NFT ecosystem. Sometimes floor prices plummet, and collectors are left with few options. Or perhaps a creator is found to be a swindler, leaving those who bought their IP in limbo. Or worse yet, maybe an unsolicited NFT was airdropped into a user’s wallet without consent. Whatever the case, these unwanted NFTs can exist as a hindrance, a shameful reminder of the unsavory parts of the NFT space that enthusiasts often prefer to keep under wraps. But sending them to junk wallets or…
Blockchain Get all your questions answered in this concise FAQ, exploring the essential aspects of Bitcoin BRC-20 tokens and their role in the cryptocurrency world. Q1: What are BRC-20 tokens? A1: BRC-20 tokens are an experimental token standard on the Bitcoin blockchain, modeled after Ethereum’s ERC-20 tokens. They allow programmers to create and send fungible tokens via the Ordinals protocol. BRC-20 tokens have gained popularity in the crypto ecosystem, particularly with the rise of memecoins. Q2: Who created the BRC-20 token standard? A2: The BRC-20 token standard was created in March by an anonymous on-chain analyst called Domo. The objective…
Although there are now thousands of cryptocurrencies in existence, it can be difficult to look past two of the oldest and most-used ones: Bitcoin and Ethereum. Between the two, they corner about 70% of the entire market capitalisation (market cap) of crypto. Generally, they always have. While price is just one aspect of the story of why Bitcoin and Ethereum deservedly occupy the role of crypto top dogs, they each couldn’t be more different from each other. Since September 2022, their differences became even more apparent when Ethereum completed its multi-year upgrade, discarding the Proof-of-Work (PoW) consensus mechanism for the…
NFT DJenerates Klub — the first NFT collection to bring iconic electronic music DJs to Web3 (Blond:ish, Carl Cox, Jamie Jones, Sven Vaeth, etc.) — drops an exciting DJ contest that offers the winner a chance to play live at the world-renowned Amnesia venue in Ibiza. This opportunity is a dream for all aspiring DJs, giving them a once-in-a-lifetime opportunity to perform in front of a packed audience of music lovers in the Balearic Islands. Quick Takes: DJenerates Klub’s ‘Global DJ Search’ contest offers aspiring DJs the chance to perform at the iconic Amnesia venue in Ibiza. Running until late…
