Author: Crypto News Live

After the rollercoaster crypto had been riding the past few years, it’s hard to hold back a grin when a new buzzword drops, no matter how much you believe in the Web3 dream. So when Messari rolled out a new name for something that had been around Web3 for a while — DePIN, Decentralized Physical Infrastructure Networks — commentators met it with its fair share of memes and snarks. That is the way, after all: Bulls and bears come and go, but memes are eternal.As much as I love memes, though, the reality is that DePIN’s are Web3’s hands-down best…

Summary: Daily unique addresses on Ethereum Virtual Machine-compatible chains set a new all-time high of 6.77 million last week.Experts and on-chain say expensive gas fees pushed more users to leverage EVM-chain like BNB Chain, Polygon, Fantom, and Avalanche.The hike in gas fees coincides with the Pepe and meme coin fever spreading through the cryptocurrency market. Ethereum Virtual Machine (EVM)-compatible network saw an uptick in user activity as Ethereum maintained its infamously high gas fees. According to on-chain data from The Block, EVM chains set a new all-time high for daily unique addresses. The number of these unique addresses hit culminated…

GameFi Is play-to-earn gaming dead? Maybe not, if P2Earn’s latest addition is any indication. Video game industry veteran Jeff Burton, co-founder of gaming giant Electronic Arts (EA), has joined Canadian blockchain gaming company P2Earn as Chairman of its Board of Advisors. P2Earn is a publicly-listed Web3 gaming guild that plans to offer gamers an online platform, equipment, and access to video game NFTs in exchange for a percentage of their winnings. The platform is set to launch on Ethereum scaling network Polygon by the end of Q2 2023, according to a recent tweet. Electronic Arts (EA Games) Co-Founder, Jeff Burton,…

Venture into the intriguing world of Momoguro, a digital collectible storytelling RPG that invites players to explore the mysterious Uno Plane. Crafted by the accomplished Baobab Studios, this experience marries a rich narrative with distinctive gameplay mechanics.The Momoguro universe, teeming with mighty Holoselves and endearing Momos, is set to extend across various media and entertainment platforms, offering a memorable adventure for fans across the globe.Unlock the Secrets of the Uno PlaneThe Momoguro digital collectible storytelling RPG marks the inception of the Momoguro world. Players assume the role of a budding Holoself, engaging in interactive story quests, amassing Momos, and deciphering…

Binance has announced plans to support Bitcoin Ordinals inscriptions on its NFT marketplace later this month. This move marks Binance’s entry into the rapidly growing Bitcoin-based parallel NFT market. The update to Binance’s NFT marketplace will be rolled out in the coming weeks, allowing users to buy and trade Ordinals inscriptions using their Binance accounts. In March, the NFT marketplace expanded its range of supported networks by adding select NFT collections from Polygon to the platform. Binance’s Head of Product, Mayur Kamat, sees the prepared listing to be a significant development. Kamat commented: “Bitcoin is the OG of crypto. We…

Charles Hoskinson, the founder of Cardano (ADA), is sounding the alarm on the potential for another financial crisis akin to the one experienced in 2008, as US banks continue to collapse this year. In a recent interview with Fox Business, Hoskinson explained that the traditional banking model is increasingly becoming outdated, while cryptocurrencies have demonstrated resilience in the face of challenging macroeconomic conditions. Hoskinson noted the striking difference between the current banking landscape and the thriving crypto market: “The [crypto] markets are holding steady and stable. Overall, we’ve been recovering since 2022 and the FTX crisis, and it’s going to…

The race to develop artificial intelligence (AI) continues as China pushes forward the development of home-grown AI without utilizing the latest technology from the United States due to current sanctions. According to a report from The Wall Street Journal, Chinese companies are studying methods to develop AI via weaker semiconductors and combinations of chips to bypass reliance on a single type of hardware. The report said researchers and analysts believe creating alternatives to such chips will be difficult for Chinese tech firms, but some experiments have shown “promise.”Sanctions imposed by the U.S. against China in October 2022 have deprived Chinese companies of…

A society of 25 artificial intelligence (AI) bots were observed waking up, cooking breakfast, heading to work, going to the bar for lunch with friends, and even throwing a party, according to six researchers who created a town for them.The researchers from Google and Stanford University wrote in an April 7 paper titled “Generative Agents: Interactive Simulacra of Human Behavior” that they built a virtual town populated with ChatGPT-trained “generative agents.”The purpose of the study — which is yet to be peer-reviewed — was to create a small, interactive society of AI bots inspired by life-simulation games such as The Sims.The…

The increase in Ordinals fees caused a surge in miners’ revenue.  However, metrics for BTC were bearish, suggesting a further price decline.  Bitcoin [BTC] Ordinals is creating new milestones every other day. Recently, the number of daily inscriptions reached a new all-time high. As per Dune’s data, the number of daily Ordinals inscribed exceeded 400,000 on 7 May, pushing the total Ordinals inscribed to date to over 5 million. Source: Dune Is your portfolio green? Check the Bitcoin Profit Calculator During the initial days of Ordinals’ launch, image type Ordinals had the highest market share. However, later things changed as…

WSB Coin, the official memecoin for Wall Street Bets subreddit, has seen its value surge by over 200% in the last 24 hours after the team member behind the rug pull offered a refund option. Zjz.eth said he was looking for a refund mechanism that would enable him to return the stolen funds. This would be claimable by those who bought the token before the May 4 dump. He urged any developer who could create a contract to contact him. Zjz.eth added that the original deployer WSBMod was secretly draining funds using the huge airdrops he claimed and sold many…