Author: Crypto News Live

The tech community is buzzing over Meta’s recent cancellation of a next-gen mixed-reality headset. Was this a necessary move for a swiftly changing market that has yet to establish a viable product, or was it a strategic error that forfeits a chance to compete with Apple’s Vision Pro? The answer appears to be a bit of both as Meta seeks the sweet spot between innovation and market demand.Meta’s mixed-reality headset will no longer be developed. CEO Mark Zuckerberg and other executives reached this decision after the product review meeting, during which they threw the headset under the bus. Once considered…

A Polygon-based non-fungible token (NFT) collection called MKgirl led the market in daily sales on Aug. 25, with sales hitting US$1.1 million. The collection had 421 total transactions but only had four unique sellers, CryptoSlam data shows. MKGirl launched on Aug. 24 and has 233 active owners. The second-ranking collection for the day was DMarket, with sales reaching nearly US$792,000 across 27,387 transactions. This collection now has an all-time sales volume of over US$495 million, less than US$5 million from becoming the 14th collection to join the half-billion dollar club. Mythos Chain, where DMarket resides, became the 11th network to…

Ethereum is in a classic accumulation phase following its recent correction and is now targeting a $3,000 price. After dropping to $2,116 just 20 days ago, ETH experienced a significant price surge, recovering to higher levels, suggesting bullish momentum was building.  Related Reading This accumulation phase has drawn the attention of analysts and investors alike, who are now closely monitoring Ethereum’s price action for signs of a more significant move to the upside. The recovery from recent lows has sparked renewed optimism, with some market experts predicting that ETH could reach $3,000 in the coming days.  This potential rally is…

Space Monkeez, the cutting-edge SocialFi platform, is set to make waves as it officially launches on the Avalanche (AVAX) network. This next-gen platform is designed to transform how users engage with blockchain technology by creating a comprehensive ecosystem that merges social interaction, gaming, NFTs, AI, and education—all within a single, intuitive interface.—Space Monkeez has quickly gained traction in the crypto world, with nearly 400 nodes already sold and $27,000 raised in Pre-Sale 1. The platform is now targeting a stellar $180,000 in Pre-Sale 2, underscoring the growing interest in this innovative SocialFi project.Explore the Space Monkeez UniverseNode Universe: Users can…

A subsidiary of the Sony Group, Sony Blockchain Solutions Labs, alongside Startale labs, has announced plans to develop a blockchain platform called Soneium. The vision? Connect Web3 with Web2 and make it easier and more accessible for people to start using blockchain technology that is ‘accessible, scalable, efficient, and solve genuine problems’.What is Soneium?Soneium is a Layer 2 solution for Ethereum, which improves the data processing speed and lowers the fee amount by building on top of the Ethereum Layer 1. Using the OP Stack from Optimism, it is designed to be scalable, EVM-compatible, and developer-friendly.This development is about delivering…

Aug 20, 2024·Last updated on Aug 20, 2024We’re thrilled to announce the return of our premium onchain domain drop, in collaboration with Crypto.com! After the overwhelming success of the first drop, we’re back with round two, featuring over 100 exclusive, highly sought-after AI and crypto-themed domains.Mark your calendars! Starting September 4th at 9am ET, you’ll have a 30-day window to secure these premium domains at special Crypto.com prices. Last time, top domains were snapped up within hours, so you’ll need to act fast to claim coveted names like 0.x and ai.austin.Expect to see a range of prized Unstoppable TLDs, including…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Telegram is no longer just a chat app—it’s a thriving crypto ecosystem with its own affiliated chain, games, and audience. With almost a billion users, Telegram’s endorsement of The Open Network as its “official web3 infrastructure” produces an explosion of blockchain-based mini-apps within the platform, engaging and rewarding players in unprecedented ways. You might also like: Crypto community rallies behind Telegram founder Pavel Durov on heels of arrest The successes are staggering: Notcoin stormed social media, growing…

Ethereum has failed to hold levels above $2,800, with the recent uptrend showing signs of weakening. Despite the exchange-supply ratio at record lows, ETH price continues to struggle. Ethereum [ETH] jumped to a multi-week high above $2,800 on the 24th of August as the broader cryptocurrency market rallied. ETH has since lost some of these gains, dropping slightly by 0.6% in the last 24 hours to trade at $2,742 at the time of writing.  Data from Whale Alert showed that some large ETH holders might be looking to cash in profits after one whale recently moved $34 million worth of ETH…

Since its creation, the internet has undergone many changes, with each new phase molding our online behaviors and relationships. Now, as we’re on the cusp of another major development, Web3—a version of the internet that is decentralized and user centric. The question, then, is this: Are we ready for the upheaval that Web3 is likely to bring?What is Web3?The third iteration of the internet that we now refer to as Web3 is being built on the foundations established by Web1 and Web2. Web1, which began around 1991, was mostly a collection of static, read-only web pages pushed directly to users.…

ETH’s moving averages remain critical resistance levels. ETH now hangs on neutral on its RSI. Ethereum [ETH] experienced a spike in the past week, sparking optimism among investors and traders who believed it could signal the start of a much-needed positive trend. However, this optimism quickly faded as Ethereum’s price tapered off, failing to maintain the upward momentum. As a result, market activities around Ethereum have become less exciting, with the initial enthusiasm giving way to caution. Ethereum sees muffled price trends Analysis of Ethereum’s daily chart indicates that the asset experienced a relatively uneventful trend until a significant spike…