Author: Crypto News Live
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Previous $0.3750 support was retested as resistance. Trading volumes dipped, along with investor confidence. Besides the recent Fed rate hike, markets are readjusting to the US debt ceiling debate. In particular, Cardano [ADA] wavered in the past few days, swinging from $0.3750 to $0.3531. Is your portfolio green? Check out the ADA Profit Calculator ADA traded at $0.3643 and flashed red at press time, while Bitcoin [BTC] remained stuck in the $27k zone. Besides the US debt ceiling crisis…
A new report on the growth of the Metaverse in South Korea highlights the burgeoning interest in the metaverse within the country. As the industry continues to grow, this report provides valuable insights into the size, trends, and dynamics of the South Korean metaverse market.With investments pouring in from government entities and private corporations, South Korea’s metaverse’s future is poised for significant growth and innovation.Here’s how according to a The South Korea Metaverse Market Intelligence Report 2023.City-Level Innovations in the MetaverseProjected to experience a steady expansion, the Metaverse industry anticipates a remarkable compound annual growth rate (CAGR) of 34.2% between…
IRL events in Web3 can be a tricky thing to get right. Whether it’s exorbitant ticket prices or gatherings that feel more like an excuse to throw a party than a way to appreciate and support artists and their work, NFT enthusiasts can have a hard time navigating the off-the-laptop realm. So it’s refreshing when an organization hones in on an immersive gallery experience that puts the art front and center. It was with this in mind that the fine art institution HOFA Gallery (House of Fine Art) unveiled Beyond the Screen on May 5, an exhibition celebrating digital and…
Blockchain The approval of the National Blockchain Policy in Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy in Nigeria in relation to the current blockchain ecosystem in Nigeria. The government of Nigeria approved a national blockchain policy during a meeting on May 3, 2023. A draft of the blockchain adoption strategy stated that blockchain and decentralized ledger technology would “facilitate the development of the Nigerian digital economy.” Cointelegraph reached out to the…
NFT Artifact Labs, a Hong Kong-based non-fungible token (NFT) company, announced on Monday that it raised US$3.25 million in its seed financing round led by Blue Pool Capital and Animoca Ventures. See related article: NFTs may become the “Lego blocks” of Web3 in 2023, Gary Liu says Fast facts Artifact, a spinoff of Hong Kong newspaper South China Morning Post (SCMP), said in a statement that it would use the funds to expand operations with a primary focus on increasing its technical headcount. “It’s not about creating new [intellectual properties] for speculation — for example NFT hype projects — it’s…
TL;DRWarren Buffet is wicked smart and has an excellent investment track record. So when he doesn’t like something, folks start to wonder if he’s on to something.Buffet recently commented on the rise of AI at the Berkshire Hathaway annual meeting, saying: “I know we won’t be able to un-invent it,” likening it to the atom bomb.Which has echoes of his sentiment on Bitcoin, which he calls ‘rat poison.’From his own admission, Warren doesn’t understand technology. He’s the guy who netted a loss of $2B, after investing in IBM in 2012 (instead of, say: FB, AAPL, AMZN, or MSFT).Which makes asking…
Cardano takes advantage of upper hand in lower fees compared to rival Ethereum. ADA slips below key support level after struggling to find bullish momentum. The crypto market is currently at a stage where a network’s weakness may pave the way for another to thrive. The rivalry between Ethereum and Cardano is perhaps an ideal example of this, with the latter undercutting the former’s user base. How many are 1,10,100 ADAs worth today Cardano is one of the top blockchain networks that is currently benefiting from the rising Ethereum gas fees. Investors are reportedly switching to the likes of Cardano…
Axie Origins pushes forward with a new season of their creature battling strategy game, bringing game updates, new rewards, and even the ability to upgrader starter Axies! With many improvements for new and lower ranked players, Axie Origins is focused on growing and maintaining their playerbase. The focus of season 4 of Axie Origins seems to be new player experience. With new starter runes and charms, quicker progression at lower ranks, and the ability to upgrader starter Axies! Axie Origins is still one of the most played games in the web3 gaming space. And their ongoing dedication to enhancing and…
Cardano’s Midnight project, a groundbreaking data protection-focused protocol, welcomes blockchain industry veteran Anthony Day to its leadership team. In a press release shared with CryptoGlobe on May 3, 2023, blockchain technology firm Input Output Global (IOG), one of the builders behind the Cardano (ADA) blockchain, announced that Anthony Day, former blockchain leader at Deloitte, is set to spearhead the go-to-market strategy for their latest initiative, the Midnight project. Day’s LinkedIn profile says his official title is Head of Strategy and Marketing for Midnight. Day is not new to the blockchain arena. Having held key leadership and advisory roles at IBM,…
United States inflation and how it might affect the price of Bitcoin (BTC) are two of the top concerns on investors’ minds around the world. To illustrate, one prominent crypto personality bet big bucks on the future of the U.S. economy: the former Coinbase executive recently paid out $1.5 million to settle a Twitter wager about possible hyperinflation in the American economy.The U.S. may not be experiencing hyperinflation, but the possibility of prices going out of control seems to concern the Federal Reserve. The Fed raised interest rates by a quarter-point on May 3 — to the highest level in…
