Author: Crypto News Live

On Sept. 1, the Cardano blockchain completed the first phase of its Chang hard fork, signaling a new era of decentralized governance for the network.The upgrade is a significant achievement for Cardano, marking a pivotal step toward fulfilling its vision of a fully self-governing, decentralized network. The move is also said to set it apart as the first major blockchain to implement a token-based governance system.Charles Hoskinson, Cardano’s founder, described this achievement as monumental, surpassing even Bitcoin, stating, “This dwarfs Bitcoin. It’s unique, and books will be written about what has happened.”Hoskinson emphasized that Cardano’s accomplishment is one of humans’…

contributor Posted: September 2, 2024 Ethereum’s RSI was in oversold territory, signaling a potential bullish reversal. CryptoQuant’s Ethereum exchange inflow was at its lowest point in the last 30 days — a buy signal.  Ethereum [ETH], the world’s second-biggest cryptocurrency, has seen a significant price decline following the launch of the spot ETH Exchange Traded Fund (ETF) in the United States. Amid these market downturns, on the 2nd of September, two whales found the current ETH price as an opportunity. They borrowed stable coins from Aave [AAVE] and purchased 7,767 ETH worth $19.22 million. Whale activity signals buy the dip…

GameSwift, the revolutionary Web3 gaming platform, is collaborating with Fetch.ai, a leading AI company, to integrate cutting-edge AI technology into its gaming environment. This collaboration is significant because it marks the first time a Web3 gaming project will incorporate Fetch.ai’s AI, creating a new standard for the gaming industry. GameSwift Launcher users, many of whom have idle GPU cycles, can now contribute to Fetch.ai’s distributed agent infrastructure. This system offers a wide range of AI applications, including text-to-speech, speech production, and document analysis. Additionally, users can host large language models (LLM) locally, making AI capabilities available to both the GameSwift…

A new initiative announced by Yuga Labs—creators of the wildly popular Bored Ape Yacht Club—could lead to even more innovation from the company in the future. In a recent Tweet, co-founder and current CEO Greg Solano laid out this latest strategic move: a new division called “The Workshop.” Solano called The Workshop a team of “no fat, just doers” and said its mission is to create emerging products.Yuga Labs has taken a step in a new direction. Under the leadership of Solano, who took on the role of chief executive in early 2024, the company is reshaping in accordance with…

Pudgy Penguins, the viral Ethereum Non-Fungible Token collection, has defied the gloom in the industry in August. Data by CryptoSlam and Dune Analytics shows that its key metrics performed well even as the sector came under intense pressure. Total sales jumped by 29% in August to over $8.6 million as the number of transactions jumped by 73% to 348. Additionally, the number of buyers and sellers rose by 73% and 39% to 176 and 205, respectively. The average number of days held also rose slightly by 5% to 85.5. While Pudgy Penguins sales rose in August, they remain sharply lower…

If you are interested in cryptocurrency gaming, you have probably heard of Hamster Kombat, a play-to-earn game that has exploded in popularity in the past year. Not only has Hamster Kombat attracted over 300 million players, but it also boasts the most-followed YouTube channel in the crypto space by a wide margin, with more than 34 million subscribers. Playing Hamster Kombat amounts to collecting, trading, and doing battle with customized hamster NFTs in a game that requires you to make strategic decisions to win. Very soon, Hamster Kombat will hold an airdrop event, and we want to tell you how…

Cardano, the blockchain platform founded by Ethereum co-creator Charles Hoskinson in 2017, has officially rolled out its “Chang” upgrade, a significant development that moves the platform closer to decentralized governance, as reported by Margaux Nijkerk for CoinDesk. This upgrade empowers ADA token holders by allowing them to participate directly in the platform’s governance, electing representatives and voting on key development decisions. The governance changes are structured through CIP-1694, a Cardano Improvement Proposal that introduces three new community-led governance bodies: the Constitutional Committee, Delegate Representatives (dReps), and Stake Pool Operators (SPOs). These groups will now take over responsibilities previously held by…

Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately $376.30 million, marking a 41.36% drop compared to July. The number of NFT buyers fell by 29.04%, while sellers saw a decrease of 17.02% during the same period. August also recorded about 7.45 million NFT transactions, which is 50% fewer than the month before. Among…

ETH’s inflation remains elevated after the implementation of the blobs in March Analysts are divided on how to address inflation with the low-cost blobs Analysts and insiders are calling for a revision of the current Ethereum [ETH] blobs to mitigate inflation and allow the second-largest altcoin to accrue value for its L2s (layer 2s).  Once praised for making L2s more efficient and significant transaction costs in the ecosystem, Ethereum blobs are now being scrutinized for escalating ETH inflation. In fact, one such analyst, Cygaar, believes that the current relationship between ETH and L2s is lopsided.  “Right now, the relationship between…

Pixelcraft Studios, the company behind crypto game Aavegotchi, is creating a “members-only” Ethereum layer-3 gaming network called Geist, built with the scaling tech of both Arbitrum and Base. The move comes as the company fears that “industrial farming” is an issue preventing real players from enjoying crypto gaming. “A lot of crypto games are farms,” the pseudonymous CEO and founder of Pixelcraft Studios, Coder Dan, told Decrypt, “[and] there’s nothing wrong with a farmer.” “But the problem is that they’re industrial farmers,” he continued. “These are not your mom-and-pop farms. These are industrial compound combine farms that are there for…