Author: Crypto News Live
FSIC, a new collection on the Bitcoin network, led CryptoSlam’s non-fungible token (NFT) sales chart on Thursday with US$887,396. This is the first time this week that the daily NFT sales chart has been topped by a collection other than CryptoPunks or DMarket. Mad Lads, a non-fungible token collection created by Backpack, came in second with a daily sales volume of US$673,970. Mad Lads is the second-best-selling Solana NFT collection ever. With US$207 million in sales, it’s the 33rd collection in the all-time sales chart. Meanwhile, Ethereum’s CryptoPunks dropped to the third spot with daily sales totaling US$643,866. Solana Monkey…
NFL Rivals, an officially licensed mobile football game from Mythical Games, announced Friday that its second in-game season will launch on September 5 alongside the real-world season kickoff of the National Football League (NFL). Mythical Games said that the mobile game attracted over 5 million downloads and more than 115 million games played in its first season. Its second season, called “Year 2,” will introduce new game modes, “distinctive” pack drops, and new ways for fans to engage with the sport. Earlier this week, Mythical also announced that it has inked a deal with the current Super Bowl champions, the…
When it comes to tap-to-earn games on Telegram, finding any kind of originality isn’t easy. But MemeFi actually puts a unique twist on the formula. It is essentially the same at its core as many other Telegram games, in that you tap on the screen to earn virtual currency. However, this time there is more of a point, as every time you tap you take a small amount of health off the meme-inspired boss you have to take down. There’s the usual suspects you would expect to tap on, with versions of Pepe and Doge getting in your way, but…
When OpenSea blogged about a Wells notice it received from the Securities and Exchange Commission (SEC), thousands of supporters instantly rallied. Withholding the actual letter, OpenSea broadcast a response in which it bemoaned the SEC’s supposed targeting of NFTs. The statement claimed that “classifying NFTs as securities would not only misinterpret the law, but would also jeopardize artists’ livelihoods.” It also warned of commissioners’ allegedly “harmful consequences for consumers, creators, and entrepreneurs.” Uproar ensued. Crypto promoters couldn’t agree more fervently with OpenSea’s blog and were more than happy to accept its characterization of the facts. They duly tweeted their views…
Ethereum shows potential for a bullish reversal, with a rare daily bullish divergence and narrowing Bollinger Bands. Macroeconomic shifts and on-chain data could propel Ethereum’s price upward, despite recent bearish momentum. Ethereum [ETH] was exhibiting signs of a price reversal at press time, with a bullish divergence emerging on the daily timeframe. This marks the first bullish divergence for ETH in over two years. Michaël van de Poppe, a crypto analyst, recently noted, “These are great signs on the markets, as $ETH has made its first bullish divergence in the daily timeframe in more than two years.” However, he also…
Blowfish Studios, Animoca Brands’ flagship game studio, is developing an exciting new medieval-themed multiplayer PvP game called DarkTimes, and it’s making impressive inroads by integrating the Sui blockchain, thanks to help from Mysten Labs.Taking inspiration from Nordic mythology, DARKTIMES is set in a dark and fantastical world that combines fast-paced and immersive combat with RPG elements. From what we’ve seen so far, it promises to be a unique PvP gaming experience.Leveraging Blockchain for Player OwnershipThe team began developing DARKTIMES in 2021 and set itself the challenge of taking fast-paced multiplayer gaming to the next level. Rather than opting for the…
Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), is a controversial figure in the cryptocurrency and blockchain industry. Gensler’s tenure has seen aggressive regulatory actions, yet it has also been marked by a stunning lack of clarity on some of the most critical issues that companies and investors in the space face.This article examines Gensler’s contradictory actions, his close ties to key industry players like the notorious Caroline Ellison of FTX, and how his refusal to provide basic clarity on essential matters—like whether Ethereum is a security—undermines confidence in the entire blockchain ecosystem.Gensler’s Pro-Blockchain Past at…
Ethereum’s price declined by nearly 8% in the last 24 hours alone. A whale with a good track record sold ETH at a loss. Ethereum [ETH] investors were having a tough time as the king of altcoins’ price dropped drastically last week. While several might expect this to be ETH’s market bottom, that might not be the case as per a recent analysis. Let’s see what’s happening with ETH. Ethereum bears take control CoinMarketCap’s data revealed that Ethereum bears pushed the token’s price down by more than 4% last week. Things got worse in the last 24 hours as the…
NFTs are securities — or so the SEC seems to be preparing to argue in court, with OpenSea the potential defendant. Putting aside the merits (or lack thereof) of a case against the firm, most NFT activity happens elsewhere these days. The chart below plots US-dollar denominated trading volumes for NFT marketplaces on EVM chains, shown by the colorful columns in the background. Crypto’s total market cap is otherwise reflected by the blue line. It includes NFT trades on Ethereum, Base, Blast as well as Solana and Bitcoin, over the past four years. The data points to over $62.75 billion…
Ethereum’s price has fallen by nearly 9%, trading at $2,460 after peaking at $2,696 just a day earlier. Analysts are divided on ETH’s next move, with some predicting a potential rebound and others warning of further downside. Ethereum [ETH] has mirrored Bitcoin’s [BTC] recent sharp decline, shedding nearly 9% of its value in the past 24 hours. This downturn has pushed ETH’s price down to $2,460, a notable drop from the $2,696 peak seen just a day earlier. This market performance has sparked a flurry of analysis and speculation among cryptocurrency experts, with varied opinions on what might come next…
