Author: Crypto News Live

Ferrari will extend its digital assets payment scheme for luxury sports cars to its European dealer network at the end of this month, according to Reuters.This follows its initial launch in the United States last year, with the company planning to further expand the scheme to other dealers within its international network by the end of 2024, provided cryptocurrencies are legally accepted in those regions. While many blue-chip companies have avoided crypto due to perceived token volatility, Ferrari’s move was driven by demands from its affluent clientele.In October 2023, Ferrari began accepting digital asset payments in the United States, addressing…

ETH ETF’s first-day results outperformed analysts’ estimates of 15-15% of BTC ETFs.  BlackRock’s ETHA led the way, but Grayscale bled out nearly a half-billion in outflows.   U.S. spot Ethereum [ETH] ETFs had a remarkable debut, clocking over $1 billion in trading volumes. Grayscale’s ETHE, alongside BlackRock and Fidelity ETH ETFs, saw over $100 million in day 1 trading volumes.  The rest, including Vaneck, Franklin and Invesco Galaxy, saw their ETFs hit daily trading volume above $10 million apart from 21Shares.  From a flow perspective, Bloomberg data revealed that the products logged $107 million in net inflows, led by $266.5…

GameFi tokens are showing signs of returning as potential gainers, with increased trading volumes. GameFi, an extension of play-to-earn, was among the struggling narratives in the past months. GameFi is returning among narratives making short-term gains. A selection of older gaming tokens is showing 700% growth in volumes and positive price action. GameFi tokens are showing signs of re-awakening after games on Telegram also gained popularity. Also Read: 5 Meme Coin Presales That Could Net 100x Gains For the past week, Dune Analytics data shows a basket of GameFi tokens grew its volumes by 733%, while marking an average 18%…

TL;DRFull StoryEach day, we consume what mental health professionals have referred to as:“An obscene and borderline dangerous amount of information.”All so we can take what we’ve learned, boil it down to an easy-to-consume informational-syrup, and deliver it to you.(That’s our excuse at least — honestly, we’d probably be doing it either way).Here’s what we’ve learned over the past 24hrs:The market has become a tad over extended, meaning prices have been due for a pull back, but have instead moved sidewaysThat sideways price action is finally breaking, and prices have begun to move downBut this is a healthy thing — as…

Bitcoin has appreciated by over 4% in the last seven days. Most market indicators hinted at a price correction soon. Bitcoin [BTC] and Ethereum [ETH] displayed bullish performance over the last seven days as their weekly charts were green. Here’s a detailed look at the top two coins to find out how the crypto week ahead would be. Bitcoin and Ethereum’s target According to CoinMakrtetCap, BTC’s price increased by over 3% in the last seven days. Likewise, the king of altcoins also witnessed a 2% price rise. At the time of writing, BTC was trading at $64k while ETH was…

Atari and Coinbase have partnered to reinvent classic video games. The cooperation envisions how a new age of games will be created for users via its Onchain Summer and Onchain Arcade projects, as well as a new approach towards the monetization of its creators. This will effectively use the blockchain as a tool to get rid of middlemen so that game sale proceeds reach the developers. This groundbreaking partnership between Atari’s rich heritage and the wide user base of Coinbase will redefine the world of gaming and fan the flames of love for such Atari classics like never before.Atari’s Move…

Ethereum ETFs have seen the light of day, but if history repeats itself, whales might put bulls in a chokehold. Market indicators revealed the current state of ETH’s demand, including exchange flows. The 23rd of July is a historical day for the Ethereum [ETH] community. The U.S. Securities and Exchange Commission (SEC) has given S1 Ethereum ETFs the greenlight, and they are set to commence trading. The market has been enthusiastic about Ethereum ETFs, with experts expecting billions of dollars to flow into the ETF in the next 12 months. Bitcoin [BTC] ETFs have proven that there is heavy demand…

Binance Labs has invested in Pluto Studio, the GameFi publishing platform behind Catizen, a Telegram-based gaming bot. This strategic partnership will enable major fund injections for initiatives that are well underway on the Pluto Studio platform and further cement the studio’s vision to spearhead the next wave of Web3 gaming. Some of the money is expected to be allocated for developing the new mini-app of Catizen and its game engine architecture.Catizen’s Success on TelegramSince its release. Catizen has managed to attract more than 25 million players and 1.5 million on-chain enthusiasts across the globe. The game also managed to make…

Vanar continues expanding with the launch of the first NFT marketplace on the Vanar network ahead of its sponsorship of the Google Cloud Startup event in Pakistan. This underscores Vanar’s commitment to innovation and community growth. Exciting News! @Bazaa_io, the first NFT marketplace built on Vanar, is now LIVE! 🎉 Now you can BUY, SELL, and TRADE NFTs using $VANRY. https://t.co/924QCvWkpE — Vanar (@Vanarchain) July 23, 2024 Vanar has unveiled Bazaa, the first NFT marketplace built on the Vanar blockchain. This platform allows users to buy, sell, and trade NFTs using the $VANRY token. The launch of Bazaa_io marks a…

TL;DRCiti has just upgraded its rating on Coinbase from ‘neutral’ to ‘buy’ (w/ a target of $345, from today’s price of $266), reflecting significant upcoming growth in the crypto space.Full StoryCiti, the Wall St big-dog bank (that’s its formal name), has just upgraded its rating on Coinbase from ‘neutral’ to ‘buy.’ (Forecasting the stock will hit $345, from its current price of ~$266, in the coming 12 months).“That’s nice. But what makes this news ‘cool’ instead of, say, ‘stuffy and boring’?”Glad you asked.Here’s the logic that’s getting us all riled up:→ The mania phase of the last bull run (when…