Author: Crypto News Live

TL;DRBinance wants to create a token that allows anyone that has KYC’d on their platform to automatically be KYC’d on any other platform that requires the same ID verification.Full StoryYou know those simple ideas that just have a few too many moving parts to work?E.g. “If everyone in our friend groups throws in $1k, we could all buy a boat and live the summer of our dreams!”Sounds awesome, but convincing everyone to go through with it is a tall order.Well, Binance is taking on one of those challenges.Their platform requires users to go through ‘Know Your Customer’ (KYC) verification —…

Vitalik Buterin is calling for a unique front-end experience, alongside ZK Proofs in Web3 socials Industry leaders have acknowledged ZK Proof’s benefits in enhancing privacy and scalability Ethereum [ETH] founder Vitalik Buterin is tipping Zero Knowledge (ZK Proof) potential to enhance social media platforms, especially on the privacy and scalability front. For perspective, ZK Proof is a cryptographic method that facilitates verification with limited data revelation. This has been perceived as a game changer, especially in decentralized social protocols hinged on privacy and trust.  Buterin urges better user experience and ZK Proofs Speaking on the sidelines of ETHCC [7] Brussels,…

Ethereum showed signs of bullish momentum after a recent price pullback. Metrics indicated reduced selling pressure and increased market participation. Ethereum [ETH] was showing a strong bullish signal after a recent 13.25% pullback. Its prices have bounced off the bullish flag resistance level and surged by 6% to $3257.44 at press time. This pullback to the bullish flag formation’s lower boundary often precedes a potential breakout. As of this writing, Ethereum was accumulating bullish momentum as it headed towards the next resistance level. Source: TradingView Historically, this pattern indicates accumulation phases where buyers outpace sellers, setting the basis for a…

Social media platform X, formerly Twitter, has seemingly discontinued its support for the Bitcoin emoji (also known as a hashmoji or hashflag). As of press time, when typing #bitcoin into X, no Bitcoin logo is generated.Initially introduced in 2020, the emoji appeared alongside the hashtag #Bitcoin, adding an orange Bitcoin symbol to tweets. This feature became a hallmark of Bitcoin discussions on the platform, and its recent removal has sparked a backlash from the crypto community.Meanwhile, the decision is unforeseen, given that Elon Musk, the social media platform’s owner, has a complicated relationship with Bitcoin. Tesla and SpaceX, two of…

ETH could rally 90% to $6.5k if it follows Bitcoin’s post-ETF trend.  ETH demand from U.S. investors was still low to shift market sentiment.  Ethereum [ETH] dropped from $3.5k to $3k two days after U.S. spot ETH ETF launched, about an 8% decline. It was slightly up above $3.2k as of press time.  However, a market observer, Croissant, claimed that ETH’s price action post-ETF launch echoed Bitcoin’s [BTC] pattern after U.S. spot BTC ETFs went live in January.  If the correlation persists, ETH could drop to $2.7k in two weeks before rallying 90%, according to the analyst.  “Ethereum is following…

TL;DRFerrari (seller of depreciating assets) is now accepting crypto → and the more companies see value in crypto payments → the more will adopt it → the greater value crypto will have in the world.Full StoryWe love it when we can find logic in what appears to be a complete gimmick.And this is one of those moments…Ferrari is now accepting crypto payments in Europe, and plans to extend the service to other markets by the end of the year.Gimmicky? Sure. But also kinda genius.This is like a candy shop figuring out how to drop ads in front of a kid…

Stablecoin supply grew in the last few days. USDT and USDC continued to dominate the market capitalization. There has been a noticeable increase in the market capitalization and supply of stablecoins, particularly Tether [USDT] and USD Coin [USDC]. This growth has been significantly influenced by the recent approval of an Ethereum [ETH] ETF, which has played a critical role in driving these changes. Key stablecoin metrics spike AMBCrypto’s analysis of various stablecoin metrics has revealed significant trends, particularly in the stablecoin supply and market capitalization.  Starting around the 19th of July, the total supply of stablecoins began to trend upwards…

Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport. Spot Ethereum ETFs Triggers Selling Following the launch of the Spot Ethereum ETFs, there was a lot of excitement in the market, especially around the fact that investors could now gain exposure to…

Solana Monkey Business took Thursday’s top spot on CryptoSlam’s daily non-fungible tokens (NFTs) sales rank with US$679,182 in sales. This is the second time in the week that the collection led the market. It led Monday’s sales chart, but conceded the position for two days, though it remained in the top 10 list of both days. Solana Monkey Business now has an all-time sales volume of US$214.17 million for the 30th spot. It sits about US$2 million from CyberKongz, the 29th collection on the all-time sales list. The Solana blockchain, home to the top-performing Solana Monkey Business collection, also experienced…

Arbitrum’s Decentralized Autonomous Organization (DAO) is reviewing a proposal to expand the network’s Orbit Chain to other blockchains beyond Ethereum.Expansion programIn January, the Arbitrum Foundation introduced the Arbitrum Expansion program to extend its Orbit Chain to other Ethereum-based chains.The program allowed crypto projects to fork the Arbitrum codebase and tailor it to their business needs while sharing 10% of their profits with the broader Arbitrum ecosystem. These chains have gained significant adoption in recent months as they enable the development of highly customizable throughput and governance-enabled networks.So, due to this growing demand, the Foundation proposed expanding the Orbit Chain to…