Author: Crypto News Live
Journalist Posted: September 5, 2024 Vitalik Buterin transferred 1.3 million STRK tokens, sparking speculation and market movement. STRK’s price increased by 4.53% following Buterin’s transfer, hinting at a potential rally. Recently, Ethereum [ETH] co-founder Vitalik Buterin moved 800 ether worth over $2.1 million to a multi-signature wallet, sparking rumors of a possible large-scale selloff. Vitalik Buterin moves STRK On the 4th of September, Buterin also unlocked and withdrew 1.268 million Starknet [STRK] tokens, valued at $470,000, from Starknet’s Locked Token Grant contract. This news was brought to light by Wu Blockcahin’s X post, which noted, “Vitalik Buterin currently holds a…
In partnership with the IEEE Standards Association, the Council of Europe has issued an extensive report assessing the potential effects of the Metaverse on human rights, democracy, and the rule of law. The report does a deep dive into those virtual opportunities and risks posed by the very immersive technologies that comprise this new frontier, stressing the importance of taking regulatory action to protect and preserve the basic virtual liberties of our global citizenry.The Metaverse—an immersive, persistent, and interoperable digital environment—contains opportunities for significant advancements across many sectors, including entertainment, education, healthcare, and commerce. However, some experts fear that the…
Bitcoin ETFs faced $804.8 million in outflows from 27th August to 4th September. North Korean hackers target crypto firms, impacting ETF stability and investor confidence. September has been a difficult month for the leading cryptocurrency, Bitcoin [BTC]. Not only has Bitcoin struggled to break past the $60K mark, but Bitcoin exchange-traded funds (ETFs) have also faced significant challenges. Over the past few days, Bitcoin ETFs saw outflows of $804.8 million, sending shockwaves through investors and enthusiasts. Of particular concern was BlackRock’s iShares Bitcoin Trust ETF (IBIT), which has failed to attract any inflows since 27th August. The fund had zero…
Much like Bitcoin, Ethereum has faced significant challenges in recent months, struggling to sustain any major price rally. After reaching a peak of over $4,000 in March, Ethereum has been consistently declining, failing to break out of this bearish trend. So far, the second-largest cryptocurrency by market cap has seen its price drop by over 5.9% in the past two weeks, and it continues to hover around the $2,400 mark. Currently trading at $2,434, Ethereum has fallen 2.4% in the last week and 0.4% in the last 24 hours. Is A Rebound To $4,000 Around The Corner? Despite this downturn,…
The prices of Bored Ape Yacht Club NFTs once rivaled those of Ferraris fresh off the assembly line. Nowadays, the JPEGs cost as much as your average used car. When digital assets boomed in 2021 and 2022, the Bored Ape Yacht Club represented NFTs’ potential as an emerging asset class mixing community and art. In crypto, Apes were lauded as digital status symbols that existed on the bleeding edge of tech. When the collection’s maker Yuga Labs teased details about its upcoming Otherside game—which is still under development—the market for Bored Apes was frothy. Around that time, Apes reached a…
X Empire is a tap-to-earn crypto game on Telegram that offers the chance to earn rewards through virtual mining. Once known as Musk Empire Game, this Elon Musk-themed experience combines tap-to-earn with the ever-popular allure of cryptocurrency, making it a must-try for the burgeoning world of blockchain-based games. With its highly anticipated airdrop just around the corner, players of X Empire are buzzing about how they can maximize their rewards and grab a share of the $XEMP airdrop pool.Understanding X Empire and the Mining PhaseAt the center of X Empire’s gameplay is the act of mining, where players earn rewards…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! I made the mistake of going to the 6th Avenue Trader Joe’s right after work yesterday. I thought I’d never make it out of the crush of business casual or yoga gear-clad shoppers. My neighborhood grocery store barely ever gets packed, and you also don’t hear people yapping into airpods about closing deals. This is why Brooklyn is the best borough. But I digress: Autopsy of a Solana NFT marketplace Yesterday, the longtime Solana NFT marketplace Hyperspace announced…
contributor Posted: September 4, 2024 Uniswap Labs to pay $175,000 to CFTC for allowing the leverage trade of BTC and ETH The order has had little to no impact on the price of UNI, at press time The Commodity Futures Trading Commission has issued an order against one of the leading DeFi protocols in the crypto-space – Uniswap Labs. The enforcement agency took a hit at the crypto-focused platform because it “illegally offered leveraged or margined retail commodity transactions in digital assets via a a decentralized digital asset trading protocol.” As a result, the CFTC has imposed a penalty of…
Ethereum traded in a massive triangle at press time, with analysts predicting a possible double bottom pattern. Whale transactions and active addresses increased, signaling potential upward momentum for ETH’s price. Ethereum [ETH] has faced significant challenges in recent weeks, continuing its downward trajectory in both price and market sentiment. Following a price slump last month, ETH continued to experience a bearish market trend. Over the past 24 hours, the asset has seen an additional decline of 4.5%, bringing its trading price to $2,399, marking a further 2.3% dip in the broader market context. Amid this ongoing bearish sentiment, some analysts…
Mino Games shifts from Web3 to Web2 due to setbacks. Dimensionals faced fraud, DDoS attacks, and NFT market volatility. Mino Games, the creator of the digital card game Dimensionals, has announced a strategic shift from Web3 to Web2, abandoning its initial blockchain and NFT integration. The decision comes after the project encountered multiple setbacks that significantly impacted its revenue streams. Dimensional, which initially attracted attention for its blockchain-based gameplay and NFT integration, faced unforeseen challenges since its launch. The game was targeted by robot fraud and DDoS attacks, which disrupted its operations and deterred players. Additionally, the volatile nature of…
