Author: Crypto News Live

As the BNB Beacon Chain prepares for its significant second sunset upgrade, set for July 14, 2024, at 6:00 AM UTC, the crypto community is poised for another milestone in the chain’s evolution. This upgrade, earmarked for block height 378,062,790, necessitates all full node runners on the mainnet to transition to version 0.10.22 by the scheduled date. This strategic update underscores Binance’s commitment to enhancing network performance and security, marking a pivotal step in the ongoing BC Fusion project. The preparation for this transition is critical, as it ensures continuity and stability across the network, bolstering the infrastructure that supports…

The number of addresses on the network has been falling for the last seven days ETH supply on exchanges fell, reducing the potential of a sell-off Though Spot Ethereum [ETH] ETFs would begin active trading in a few days, activity on the blockchain’s network has been discouraging. AMBCrypto found that out after evaluating the project’s network activity. At press time, we observed that Ethereum’s active, new, and zero-balance addresses had dropped. By definition, new addresses refer to unique users making their first successful transaction on the network. Activity falls, but there is a catch This metric acts as a measure…

Key Points: Wormhole will soon launch Worldcoin World ID on the Solana blockchain, enhancing cross-chain interoperability. The integration aims to streamline digital transactions and increase the utility of World ID within the decentralized finance sector. Worldcoin’s partnership with Solana and Alchemy underscores its commitment to expanding its technological ecosystem, preparing to launch the World Chain blockchain. Wormhole, the cross-chain interoperability platform, has announced plans to launch Worldcoin’s World ID on the Solana blockchain. Wormhole to Launch Worldcoin World ID on Solana Blockchain The development marks a significant milestone for both platforms, aiming to bolster interoperability and functionality within the digital…

Uphold’s Head of Research, Dr. Martin Hiesboeck, has criticized Bitcoin maximalism and advocated for a more open-minded approach to blockchain innovation, highlighting the potential of emerging technologies like Convex. In a recent X post, Hiesboeck highlighted Bitcoin’s limitations, describing it as an outdated and potentially flawed technology. He noted that while the blockDAG model addresses blockchain trilemma issues, it still relies on a sequential order of blocks and transactions. Here is an explanation of why I think being a maximalist for anything including $KAS is dangerous. We now recognize #Bitcoin is a very limited, and perhaps flawed and ultimately doomed…

Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, Solana, and Mythos. Of the $101.46 million generated, Ethereum led with $32.42 million in digital collectible sales, despite an 11.55% decline in ETH-based NFT sales. Polygon saw a 42.92% increase this week, reaching $22.19 million, while Bitcoin garnered $17.87 million, up 1.55%. The top-selling NFT…

Base secured sixth position in TVL over Blast. Ethereum tops the list with $58.594 billion, according to DefiLlama. Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value locked (TVL) is an important metric used in the cryptocurrency sector that allows investors to gauge the popularity and activity of a decentralized finance platform or application. The total value locked on…

API3, a pioneer in decentralized APIs for blockchain platforms, has announced a strategic shift in its deployment approach for the upcoming OEV Network. The API3 team initially partnered with Polygon but pivoted after the timeline was too tight for their launch. This comes as API3 looks to remain nimble in its development and offer a product that is perfectly synced with the wants of markets and developments in technological fields. The move to Arbitrum Orbit is the beginning of a new era for API3. This is known as Arbitrum Orbit, which has established itself in delivering an easy-to-launch Layer 2…

The market value of many NFTs has literally plummeted from the peaks of 2021/2022, but the CEO of SuperRare is not having it. Recently John Crain lashed out against an article that declared NFTs dead, even though it said they are completely changing. The collapse of the value of NFTs: the CEO of SuperRare comments Are NFTs dead? The comment of the CEO of SuperRare on the collapse of the value of the NFT market The change The Real World Asset (RWA) Speculation The collapse of the value of NFTs: the CEO of SuperRare comments The NFT market exploded during…

SEC sues Consensys for the services provided on Metamask, a popular Ethereum wallet The commission also claimed that the blockchain developer acted as an unregistered broker dealer for selling “thousands of unregistered securities” for Lido and Rocket Pool Lido DAO, the liquid staking platform solution for Ethereum, became one of the highlights of the day an US authority took legal action against prominent crypto players. The authority in question is the United States Securities and Exchanges Commission, which released a press release announcing legal action against Consensys. The regulatory authority took action against the blockchain developer company because of the…

Paramount has taken offline the archives of the famous website Mtv.com, and some are wondering if with the blockchain it could have been avoided. Paramount Deletes 20 Years of MTV News Articles as It Shuts Down Its Websitehttps://t.co/AMYajlXVhE — MGZC Media TV (@mgztv) June 25, 2024 Paramount and MTV Paramount ends Mtv.com: would it have been different with blockchain? Paramount: the blockchain could have saved Mtv.com Register or archive The future of data storage Paramount and MTV MTV is a famous music television channel that was born in 1981. During the 1980s and 1990s of the last century, it became…