Author: Crypto News Live

Japanese Prime Minister Fumio Kishida said the country plans to become a leader in web3 innovation and reaffirmed the government’s strong support for the blockchain and crypto industry.Kishida made the remarks during his keynote address at the WebX2024 conference on Aug. 28. He also emphasized Japan’s proactive approach during the talk, noting that the country has implemented significant regulatory measures to help nurture the ecosystem.Supportive reformsKishida highlighted the government’s recent tax reforms as a cornerstone of Japan’s strategy to support Web3 startups and noted that the industry has been growing since the changes.Among these reforms is the elimination of taxes on…

Ethereum faces low crypto money flow. Buterin’s influence set spur ETH back to dominance. The latest analyses have revealed a shift in the market, with Solana overtaking Ethereum [ETH] in terms of crypto money flow. The global liquidity surged as Bitcoin [BTC] and Solana led the cryptocurrency space, occupying the top two positions, followed by Binance Coin in third, and Ethereum trailing in fourth. This development raises the question of whether Ethereum can regain its usual second place and turn its fortunes around. Source: TradingView Technical analysis of ETH/USDT Currently, Ethereum’s price action shows a downward trend on the hourly…

DMarket recorded the highest non-fungible token (NFT) daily sales volume on Tuesday with US$636,958. The Mythos Chain-based collection rose to the top of the industry from the third spot the previous day, despite a slight drop in sales. On Monday, it generated US$663,200. CryptoPunks dropped to the second spot with US$582,783 after leading the market with US$1.6 million the previous day. CryptoPunks’ all-time sales volume now stands at US$2.87 billion, which is the third-most in the industry. Bored Ape Yacht Club claimed the third position with a total sales volume of US$550,919. BAYC is the second best-selling NFT of all…

Ethereum is one of the most important blockchains and it’s upgraded from PoW to PoS consensus mechanism through Ethereum 2.0. ETH staking allows the users to earn rewards through locking their coins in the platform and directly contributes to the security and other mechanisms in the platform. This is considered the best way to earn passive income from a secured network. This article will provide you with information on Ethereum staking, and the steps on CryptoHeap for Ethereum staking.In Ethereum staking one can deposit at least 32 ETH to participate in the process as a validator in the Ethereum ecosystem.…

ETH is more sensitive to U.S. elections than BTC, per Bitwise’s CIO.  The altcoin has been underperforming BTC since 2022; will the trend change?  According to Bitwise’s CIO Matt Hougan, Ethereum [ETH] has higher exposure to U.S. election outcomes than Bitcoin [BTC]. The executive noted that ETH has doubled BTC losses since Kamala Harris replaced Biden as the Democrat presidential candidate on the 21st of July. He said,  “Since Harris replaced Biden. BTC: -8.68%, ETH: -26.19%. Ethereum has more exposure to the election outcome than Bitcoin, in my opinion.” Since Harris replaced Biden, ETH has dropped from $3.3K to below…

NFL Rivals, the officially licensed video game of the National Football League and NFL Players Association, shared the details of a partnership with Super Bowl LVIII champions, the Kansas City Chiefs. The game is set to score the status of “Official Mobile Game of the Chiefs” for the 2024 NFL Season. NFL Rivals, Kansas City Chiefs tease official mobile game launch According to an official joint statement, NFL Rivals, an NFL-licensed Web3 game by Mythical Games, entered into a partnership with the legendary Kansas City Chiefs American football team. NFL Kickoff is right around the corner!Celebrate with @PlayNFLRivals 🎉New events,…

Cryptocurrencies of non-fungible token (NFT) marketplaces dipped during Wednesday U.S. morning hours following news of OpenSea facing potential U.S. regulatory action. Adding to earlier losses alongside a broad crypto decline begun Tuesday evening U.S. hours, Blur (BLUR) fell another 5% in the minutes following the news before a modest bounce. It’s now down 10% over the past 24 hours. Tensor (TNSR), a Solana-based NFT marketplace aggregator, also traded 3% lower. The token’s price was down nearly 9% over the past 24 hours. The broader CoinDesk 20 Index was lower by 4% over the same time frame. The morning price action…

Insights revealed that U.S. investors are actively acquiring ETH despite its recent decline. While mixed signals from various metrics cast uncertainty on the potential for a rally, technical patterns point to an upswing. The broader cryptocurrency market experienced a significant shakeout in the last 24 hours, with Ethereum [ETH] declining by 8.41%, eroding its weekly performance to a loss of 4.76%. However, further analysis suggested that this downturn may be short-lived, as U.S. investors seemed ready to drive ETH prices higher. U.S. investors are behind ETH despite market volatility Recent data from Crypto Quant’s Coinbase Premium Index for Ethereum, which…

Hamster Kombat, the leading tap-to-earn game on Telegram, announced Wednesday via its official channel that it will launch its long-awaited HMSTR token on The Open Network (TON) on September 26 and hold its airdrop for players on the same date. The token was originally set for a July rollout, but was delayed due to additional planning needed for such a large-scale drop. Hamster Kombat has attracted more than 300 million players since launching this spring, the team said in July, and data from Telegram shows more than 80 million active players over the past month. Editor’s note: This story is…

Polymarket is a decentralized prediction market platform that uses blockchain technology to enable users to bet on the outcomes of various real-world events. These events span across a wide range of spheres, including politics, sports, entertainment, and more. Polymarket offers enhanced transparency, security, and decentralization by operating on both the Ethereum and Polygon networks. If you’re wondering what Polymarket is, how it works, or how to start using it, you’ve come to the right place! What Is Polymarket? Polymarket provides a platform where users can bet on the outcome of events by buying and selling shares that represent different possible…