Author: Crypto News Live

The crypto market is currently navigating through a turbulent phase, particularly for Ethereum, which has seen a significant downturn of nearly 15% in its value over the past week. Amid this negative price performance, Peter Schiff, a well-known economist and a skeptic of cryptocurrencies, has chosen to add salt to the wounds by projecting a stark prediction for ETH. According to Schiff, Ethereum could plummet to as low as $1,500, marking a substantial decline from its current levels. Related Reading Shiff’s Bearish Outlook And Community Reaction Schiff’s prediction comes when Ethereum is trading below the previous crucial support of $3,000…

Blockchain infrastructure has evolved to incorporate layer 1 and layer 2 networks. A more recent development is the emergence of so-called “layer 3” networks. So what are layer 3 networks, and how do they differ from layer 1 and layer 2 networks? What is a layer 3? To understand what layer 3 networks are, we first need to look at the layer 1 and layer 2 networks that they sit atop. Layer 1 networks are the base layer of blockchain infrastructure, and include blockchains such as Ethereum or Bitcoin. They provide the underlying framework for a blockchain network, validating transactions…

Open Campus announced that it has received a grant from the Arbitrum Foundation to launch EDU Chain, the first layer 3 blockchain for education. The project is also supported by other partners such as Animoca Brands. With this grant, Open Campus will support the Arbitrum Ambassador program with educational content initiatives. In addition, the decentralized protocol will also participate in the Arbitrum hackathon, incentivizing developers to create decentralized applications for EDU Chain. Currently, Open Campus has the opportunity to connect 60 partner companies in the field of education and Web3 to promote participation in EDU Chain. The main goal of…

After a change of ownership this spring, the HV-MTL NFT mech suits minted on Ethereum—which were originally created by Bored Ape Yacht Club maker Yuga Labs—are set to be featured in a glossy, free-to-play arena shooter called Shatterline. Faraway, a gaming startup that still works closely with Yuga and purchased the HV-MTL and Legends of the Mara IP in April, teased the collaboration this week on Twitter (aka X). The brief trailer showcases the pixel mechs transformed into flying 3D companions that can help your on-foot hero in the first-person shooter. Shatterline is a PC-based shooter that’s been available in…

On 3 July 2024, Ben Armstrong, also known as BitBoy Crypto, made a bold statement on the social media platform X (formerly known as Twitter). Armstrong declared that Polkadot (DOT) and Cardano (ADA) are no longer viable investments for institutions, suggesting that this perception would ultimately undermine their legitimacy. Armstrong is a notable figure in the cryptocurrency community. He rose to prominence through his YouTube channel, which offered crypto education and investment advice. Over time, Armstrong has faced various allegations and legal challenges. In August 2023, he was removed from his company, Hit Network, which managed the BitBoy Crypto brand.…

Open Campus has announced that it has received a grant from the Fondazione Arbitrum to launch EDU Chain, the first layer3 blockchain for education. The project is supported by various other partners such as Animoca Brands. Arbitrum and its support for EDU Chain: the first layer3 blockchain designed for education Arbitrum and EDU Chain: the project of the first blockchain for education First place for TVL among L2 blockchains Arbitrum and its support for EDU Chain: the first layer3 blockchain designed for education Open Campus, a decentralized protocol dedicated to education, announced that the Arbitrum Foundation has sent a grant…

Mt. Gox has begun repaying creditors who suffered losses when it collapsed in 2014 Ethereum fell to an intraday low of $2,825 and seemed to be on course for 4 consecutive daily red candles, at press time Bitcoin, the world’s largest cryptocurrency, crashed to its lowest level since February earlier today as the market reacted to news of activity around a Mt Gox-linked wallet. In fact, such was the scale of the crash that BTC fell below $55,000 on the price charts, down over 9% on the weekly charts.  It wasn’t alone though, with Ethereum taking BTC’s lead. It recorded…

Double Jump.Tokyo, a leading blockchain application developer in Japan, has announced a new partnership with Ubisoft. The company will provide web3 integration support and become a key marketing partner for Ubisoft’s web3 game, Champions Tactics, in Asia. Champions Tactics: Grimoria Chronicles will integrate with the Oasys Layer 2 HOME Verse blockchain, developed and operated by Double Jump.Tokyo.Champions Tactics: Grimoria ChroniclesGrimoria Chronicles is a new PVP Tactical RPG game for PC currently being developed by Ubisoft. The game combines elements from classic strategy board games and modern turn-based RPGs. Players assemble a team of mythical Champions, engage in tactical battles, and…

Shemaroo has recently formed a new partnership with GMetri, which is essentially an extension of its metaverse platform, ShemarooVerse, in the AI gaming sector. It will be accountable for the introduction of IP-oriented games to the Web3 arena. Shemaroo Entertainment has disclosed that ShemarooVerse will feature games that are inspired by the highly sought-after Bollywood movies like Jab We Met, Golmaal, Disco Dancer, Amar Akbar Anthony, and a variety of others. IP-oriented games employ artificial intelligence to offer devotees a surreal experience within the metaverse. The Metaverse’s acceptability is on the rise, and as a result, additional films will be…

Step into the world of RETROBLOCK, an ambitious GameFi platform seeking to revolutionize the retro gaming scene. This platform is all about competition, interaction, and rewards, giving players a one-of-a-kind gaming experience. What’s more, RETROBLOCK is launching the Synth City Genesis NFT Collection, featuring 1001 unique items that bring various archetypes to life in this dystopian retro universe.We take a closer look at RETROBLOCK’s features, like its Web3 tech, immersive 3D environments, and NFT marketplace. Plus, we’ll cover what’s next for the platform, including the launch of the $RBT token and the dark world of Synth City.What is RETROBLOCK?RETROBLOCK brings…