Author: Crypto News Live

DraftKings has announced the closure of its Reignmakers and NFT marketplace, an action that comes after legal developments recently and an ongoing class action lawsuit. This has serious implications for users and the future DraftKings has in the NFT space.The shutdown of the DraftKings NFT marketplace has come after a lawsuit that was filed against the company regarding allegations that the NFT business was running unregistered securities. The decision by the company to shut down came after what it terms as a lot of thought on the issue and will be enforced immediately. This happens at a time when NFT…

The Shiba Inu Play-to-Earn (P2E) game Shiba Eternity has launched in closed beta, according to the community’s marketing expert, Lucie. In a post shared on X with community members, Lucie urged enthusiasts of the game to get ready to play. Exclusive access for LEASH holders Shiba Eternity, introduced in 2022, has undergone different, and based on feedback from players, it has improved remarkably as the team has worked to make it better. The card game allows users to earn TREAT tokens to play the game, with each transaction burning some SHIB. According to Lucie’s update, following this launch in closed…

DogeZuki Collection emerged as the top-performing non-fungible token (NFT) collection on July 30, with sales reaching US$495,472, according to CryptoSlam data. The collection witnessed a substantial influx of 11,422 unique buyers, surpassing the previous day’s figures and marking a significant uptick in market activity. This surge propelled DogeZuki’s all-time sales to a US$50.25 million, which doesn’t quite place it in ranks of the market’s top dogs just yet. The second-ranking collection for the day was Solana Monkey Business on the Solana blockchain along with Dogezuki, with sales totaling US$492,799. Ethereum-based Bored Ape Yacht Club trailed at third with daily sales…

Ethereum witnessed a more severe correction last week than Bitcoin.  Metrics suggested that selling pressure was high on BTC and ETH, but ETH had an edge.  Bitcoin [BTC] remained in the limelight over the last week as it approached $70k, but later plummeted near $66k. Ethereum [ETH] had a tougher week as it witnessed a comparatively more correction. However, the latest update revealed that investors should consider accumulating ETH, as its volatility has slightly picked up.  Weekly performance  CoinmarketCap’s data revealed that after getting rejected from the $70k zone, BTC’s price dropped. At the time of writing, it was trading…

If you’re new to the world of cryptocurrency, sending Bitcoin might seem like a daunting task. However, once you get the hang of it, it’s as straightforward as sending an email. Whether you’re sending Bitcoin to make a purchase, transfer funds to a friend, or even for educational purposes, this guide will walk you through how to send Bitcoin step-by-step. How to Send Bitcoin To send Bitcoin, obtain the recipient’s BTC address, which is a unique string of alphanumeric characters or a QR code. In your wallet software, navigate to the Send section, enter the recipient’s address and the amount…

TL;DRThe SEC wants to amend certain parts of its case against Binance, specifically, the parts that allege a range of “third party crypto assets” (inc. Solana, Polygon and Cardano) are actually unregistered securities.Full StorySolana holders, rejoice!The SEC might be about to drop its allegations that SOL is an unregistered security (alongside other cryptocurrencies like Polygon and Cardano).The SEC wants to amend certain parts of its case against Binance, specifically, the parts that allege a range of “third party crypto assets” are actually unregistered securities.Now, this doesn’t mean they’re dropping the allegations as a whole — just in this specific case.Basically,…

Ethereum’s bullish structure hinges on holding the critical support level at $1,721.40. Large investors shift to Ethereum ETFs, boosting transaction volumes and market interest. Ethereum [ETH] has experienced a price decline of 3.60% over the past seven days, underperforming the global crypto market, which saw a modest increase of 0.70%.  At press time, Ethereum traded at $3,316.71, with a 24-hour trading volume of $13,185,794,355. This marks a 0.73% decline in the last 24 hours.  Ethereum: Key support and resistance levels Ethereum’s primary support zone is around $1,721.40, aligning with the 0.618 Fibonacci retracement level. This support level is critical for…

Animoca Brands has announced a new partnership with LayerZero Labs, creators of the LayerZero interoperability protocol. The multi-year partnership aims to leverage LayerZero’s technology to improve how digital assets and blockchain-based systems work together, improving the experience for both users and developers. The partnership will use LayerZero’s technology to connect various digital systems and assets across multiple platforms. Mocaverse, a network developed by Animoca Brands that includes systems for account, identity, and reputation management, and Open Campus, a decentralized education platform, are already using LayerZero’s Omnichain Fungible Token (OFT) standard to enhance their operations. The gaming industry, which includes over…

The Metaplex Foundation has announced that it will deploy its product suite on Sonic SVM, Solana’s first gaming Layer 2. This collaboration is expected to drive on the advancement of game development with Metaplex’s digital asset protocol, which has turned into a leading digital asset protocol on Solana.With Sonic, Metaplex is going to bring its on-chain programs and developer tools, designed to provide prime gaming experiences to the SVM chain. Notably, it will be the first deployment of Metaplex products outside the Solana Mainnet.The Metaplex Protocol is a decentralized platform operating on the Solana blockchain that gives creators, developers, and…

Doodles has announced their Super Pass for DoodlesTV is now live for minting on Coinbase’s Base—an Ethereum layer-2 scaling network. This is another step towards Doodles’ evolution from a collection of NFTs to a wide-ranging Web3 entertainment company.Welcome to DoodlesTV—the latest entrant in The Stoodio at the Doodles site—using Web3 technology for a complete reimagining of how fans and artists get to interact with what they call a “Next-gen, direct-to-community media platform that bridges the gap between Doodles, its collaborators, and their communities.”First off, Super Pass holders can now get direct access to exclusive drops, premieres, and limited-edition collectibles.Furthermore, fans…