Author: Crypto News Live

Understanding Crypto Gaming and Play-to-Earn MechanicsWhat is “Crypto Gaming”?“Crypto gaming” refers to the integration of cryptocurrencies and blockchain technology into video games. This trend allows players to earn real-world value through in-game activities and digital asset ownership. By leveraging blockchain technology, crypto gaming can offer unprecedented levels of transparency, security, and player ownership. Investors and entities might adjust their bitcoin holdings in response to the rise of crypto gaming as a risk mitigation strategy.In crypto games, players can own, trade, and even create unique digital assets, such as items, characters, and properties, represented as non-fungible tokens (NFTs). These assets can…

The United Nations Development Programme (UNDP) is pleased to announce a new partnership with the DFINITY Foundation, which will leverage the Internet Computer Blockchain technology to further develop and implement the Universal Trusted Credentials (UTC) initiative. This collaboration underscores a significant step towards enhancing digital trust and financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) globally. This framework – the Universal Trusted Credentials (UTC) launched in collaboration with the Monetary Authority of Singapore (MAS) and other strategic partners,– when implemented in several countries, will not only enhance domestic access to financing for MSMEs but also unlock access to trade…

Mantra Chain plans to tokenize the assets of Dubai developer MAG Group worth $500 million. The Mantra project, focused on the Middle East, will tokenize assets in several tranches. The first tranche will include the Keturah Reserve residential project, which is being built by MAG in Meydan, Dubai. The tranche will also include the construction of a $75 million mega-mansion at The Ritz-Carlton Residences, which is part of the Keturah Resort. Investors will receive income through stablecoins and the OM Mantra token. They are expected to receive an 8% return on stablecoins and additional OM tokens. “The specifics of the…

The recent update on Spot Ethereum ETFs (Exchange Traded Fund) by Nate Geraci, the President of ETF Store, has gained massive attention from investors and institutions. According to his post on X, the United States Securities and Exchange Commission (SEC), which was likely to greenlight the launch of these products by 2 July, has postponed the decision to mid-July. Following this update from Geraci, a massive sell-off was seen across several Ethereum-based tokens.  Whales dump LDO, AAVE, and UNI tokens at a loss On 3 July, on-chain analytics firm Lookonchain revealed that a single whales/institution sold millions worth of Ethereum-based…

Linkd Academy has released a JavaScript SDK for the Neo Name Service (NeoNS). This new tool aims to simplify the integration of human-readable names into applications developed on the Neo blockchain. The SDK is structured with a client class for basic operations and a transaction builder for constructing more complex NeoNS interactions. Its primary functions include helping developers register and renew names, as well as set and resolve records within the Neo Name Service. The package is available for installation via NPM, with a usage sample provided in the official announcement. Additionally, Linkd Academy has open-sourced the SDK on its…

Bitwise submits the Ethereum ETF filing early, suggesting a mid-July launch. Ethereum price drops but ETH holders are bullish with the potential for price surge. In the latest update on the potential approval of a spot Ethereum [ETH] ETF, Bitwise, an asset manager, has taken proactive steps by submitting an amended S-1 form ahead of schedule. Bitwise move amidst unexpected delays Initially expected to launch around 2nd July, as per Bloomberg’s Senior Analyst Eric Balchunas, the timeline for ETH ETFs has since been adjusted to 8th July following the SEC’s new deadline for firms to amend their S-1 submissions. For…

The Web3 Foundation has awarded Dot Play a Decentralized Futures Grant to boost Polkadot’s gaming sector. According to a July 3 statement, Dot Play is tasked with creating a comprehensive platform for game developers using Polkadot’s advanced technology. The project will focus on high-growth gaming genres by building essential integration tools and offering sustainable business support within the Polkadot ecosystem. Dot Play will provide a gaming portal to onboard new developers and support various initiatives, including the Indy 500 Polkadot Car sponsorship. Additionally, Dot Play will offer technical integration to guide projects by evaluating their Game Design Documents (GDD). This…

Ordinals explorer Ord.io has announced the launch of ‘Degen Chat’, a new feature that introduces Rune-gated live chats for every Rune. This platform allows users to connect their wallets and start chatting instantly. The Degen Chat also introduces unique features such as Holder rank flairs and Mint count flairs. Ord.io founder, Leonidas, emphasized that every Rune community now has a token-gated holders chat on Ord.io. He further added that users can easily start chatting with other holders by simply connecting their wallets. The number displayed next to a user’s name represents their holder rank, providing a new level of interaction…

DraftKings, a prominent online sportsbook operator, is embroiled in legal challenges, including the Draft Kings NFT lawsuit. A recent ruling by a US District Judge in Massachusetts denied DraftKings’ motion to dismiss a class action lawsuit concerning its NFTs. This decision could have far-reaching implications for the classification and regulation of NFTs.Details of the DraftKings NFT LawsuitThe class action lawsuit, initiated by Justin Dufoe in March 2023, accuses DraftKings of violating federal securities laws with its NFTs. Dufoe contends that the sports-themed NFTs offered on the Polygon blockchain through the DraftKings Marketplace qualify as investment contracts under the Howey Test.The…

FLOKI issues a warning against scam tokens. FLOKI declines by 11.10%, but MACD signals bullish momentum. Floki [FLOKI], a multichain token on Ethereum [ETH] and Binance Smart Chain [BSC], recently alerted its community on X (formerly Twitter) about a scam involving counterfeit tokens falsely claiming association with its brand. What’s the warning all about? This warning was prompted by the appearance of numerous fraudulent tokens on the Solana and Base blockchains, which have been misleading investors.  In an effort to protect its community, Floki issued a cautionary message through its official X handle and noted,  “It has come to our…