Author: Crypto News Live

Donald Trump’s fourth NFT collection is either doing great or terribly one day after debuting. It just on depends how you look at it. It is no small feat that the collection of digital trading cards—which features the former president in a plethora of fantastical poses and costumes—has managed to rake in over $2 million worth of sales since Tuesday’s debut in a weakened NFT market. CryptoPunks, the most valuable and prestigious NFT collection by a country mile, did less than half of that volume in the last 24 hours ($754,000, according to NFT Price Floor). But considering the enormous…

Takeru Saito, Japan’s Minister of Economy, Trade, and Industry, announced tax reforms intended to nurture the growth of startups in the Web3 and blockchain sectors – a sign of Japan’s support for Web3 innovation.The reforms were laid out during the WebX Conference, Tokyo’s largest event dedicated to cryptocurrencies. Saito used the occasion to reaffirm the Japanese government’s commitment to creating a favourable environment for innovation. The proposed plan aims to attract international businesses and developers, position Japan as a “new” global hub for Web3 advancements, and also help the development of startups.Prime Minister Fumio Kishida envisions the integration of Web3…

Selling pressure on Bitcoin and Ethereum increased. SOL and DOGE also witnessed over 4% price declines in the past 24 hours.  After quite a few days of promising upticks, the crypto market witnessed major corrections as several top coins tumbled. Therefore, AMBCrypto planned to take a closer look at the states of top cryptos like Bitcoin [BTC], Ethereum [ETH], Solana [SOL], and Dogecoin [DOGE] to find out how the crypto week ahead might look like.  Bitcoin’s week ahead Firstly, AMBCrypto examined the king of cryptos’ performance. As per CoinMarketCap, after a comfortable rise, BTC witnessed a correction in the last…

You don’t need to be a DeGods holder to notice their presence. Even if you’re just casually involved in Crypto Twitter or the NFT community, DeGods bullposting has become a constant fixture on the timeline. The level of passion surrounding the project mirrors the intensity often seen in fandoms like BTS or Taylor Swift, albeit within the microcosm of crypto. Some holders and team members call it a cult. Not long ago, the project was facing constant criticism for its decline in floor price and what some NFT holders saw as a lack of vision for the future. Now, DeGods…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

A union representing the National Football League’s athletes sued DraftKings on Monday, accusing the sports gaming giant of reneging payments tied to a “losing bet” on the NFT space. The lawsuit, filed by the National Football League Players Association (NFLPA) in New York federal court, accuses DraftKings of violating the terms of a licensing agreement, which provided DraftKings the rights to use NFL players’ likenesses in its Reignmakers NFT product. DraftKings axed its NFT-powered gaming experience last month, citing “recent legal developments.” The move followed a denial of DraftKings’ motion to dismiss a class action lawsuit filed in Massachusetts federal…

A recent Wells notice from the U.S. SEC to OpenSea is sparking discussions surrounding digital-asset regulation. The SEC is alleging that some NFTs traded on the platform might qualify as unregistered securities. This means that the SEC is saying OpenSea marketplace itself could be breaking the law. But is the SEC overstepping its statutory mandate when it comes to digital assets? And what could be the consequences for it, for OpenSea, and for the non-fungible token (NFT) market as a whole?SEC Investigation and Regulatory ScrutinyThe investigation into OpenSea is a part of the SEC’s larger objective: to apply securities laws…

Buterin addressed the Ethereum Foundation’s spending amid the market downturn and ETH’s drop. Critics questioned EF’s financial transparency and spending categories like “new institutions.” As Ethereum [ETH] struggles to approach the $3,000 mark, Vitalik Buterin, Ethereum’s co-founder, addressed concerns on social media about the Ethereum Foundation (EF)’s spending practices. This clarification comes amid a broader market downturn, with ETH experiencing a notable 8% drop in the past 24 hours, outpacing declines seen in Bitcoin [BTC] and Solana [SOL].  Amid growing debate over the EF’s resource allocation, the foundation previewed its 2022-2023 financial report in an X (formerly Twitter) thread and offered…

A bullish flag pattern appeared on the weekly altcoin market capitalization chart.  The Bitcoin rainbow chart suggested that BTC was in the “still cheap” phase.  The crypto market has witnessed multiple upswings this year, but none of them lasted long. Most of these price increases were followed by corrections. However, things in the last quarter of the year might be different.  This seemed to be the case as several factors hinted at a long-term bull cycle, which had potential to push the market to new highs. Let’s have a closer look at what was hinting at a crypto bull run…

Enjin, an interlinked network on Ethereum for NFT and gaming development tools, has announced an exclusive landmark in Web3 gaming. Enjin has enabled the functionality of Primythical Chest NFT for up to ten games for free, featuring 77 utility forms across the respective games. The platform will additionally carry out additional integrations in this respect in the next weeks. Enjin Launches Multiverse Codex to Enhance Cross-Game NFT Utility in Popular Titles The Primythical Chest NFT focuses on serving in popular titles, taking into account Etherscape, The Six Dragons, and Lost Relics. These titles have been recently getting significant popularity on…