Author: Crypto News Live

Negative sentiment in the market caused the increase in outflows from BTC and ETH. Projected distribution by a defunct exchanges puts the cryptos at risk of another decline Crypto investment products saw massive inflows for the second consecutive week, CoinShares’ latest report revealed. According to the digital assets management, outflows last week were worth $584 million. This brought the total outflows in two weeks to $1.2 billion. As expected, Bitcoin [BTC] had the highest outflows with$630 million. The report explained that the gloomy perception among investors and projected interest rate cut contributed to the capital flow. It explained that, “We…

Jack Mallers, Founder and CEO of Bitcoin startup Strike, began his keynote at BTC Prague 2024 by emphasizing the theme of leveling up the understanding of Bitcoin. Mallers acknowledges the frequent questions regarding the differences between Bitcoin and other cryptocurrencies, such as Ethereum and Solana, and the possibility of a “flippening” where another cryptocurrency might surpass Bitcoin. Mallers ambitiously titles his talk “There Is No Second Best” and aims to deeply explore the differences between Bitcoin and all other cryptocurrencies. Mallers explains that the primary differentiator between Bitcoin and other cryptocurrencies is the use of proof of work. According to…

Immutable, a prominent platform for building Web3 games on Ethereum, has announced an exciting development in the realm of online gaming. Today, the platform revealed that RavenQuest, a new blockchain-based MMORPG, will be launched on its zkEVM, powered by Polygon. This launch marks a significant step in the evolution of gaming, blending traditional gaming elements with cutting-edge blockchain technology to create an immersive and engaging experience for players worldwide. RavenQuest is a new dark fantasy raiding MMORPG developed by Tavernlight Games, a game development studio based in the United States. The title has some impressive financial backing behind it as…

While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com News that he views wrapped assets as transitional solutions. He also predicts that emerging solutions like atomic swaps, cross-chain bridges, and zero-proof technology will likely supersede wrapped assets. These solutions, he argued, achieve the same objective of preserving the core principles of decentralization and trustlessness.…

Truth Arts, the company behind the NFT collections Goblintown and Secret Society, is launching a feature that it believes will help shape a multi-chain future for tokenized assets. The team has unveiled “Portals,” a platform that allows users to bridge their Goblintown or Illuminati NFTs from Ethereum to one of several supported blockchains. Effective immediately, holders of those NFTs can bridge their assets to Arbitrum, Base, Blast, Optimism, and Polygon—all Ethereum scaling networks—and of course, back to Ethereum as well. Solana support will be coming soon through a collaboration with LayerZero Labs. “The team at Truth Arts foresees a future…

TL;DRCarole House, the pro-crypto former director of the National Security Council, has been brought back to advise on the next steps for federal crypto policy in the US. Full StoryYou know that famous quote: “Show me your friends and I’ll show you your future”? Soooo the Biden Administration just rehired Carole House. Who’s Carole House? She used to be a director on the National Security Council focused on cybersecurity and digital innovation.Oh, and she’s pro-crypto.Ms. House – who co-authored the White House’s 2022 executive order on “Ensuring Responsible Development of Digital Assets” – has been brought back to advise on…

In the expansive universe of gaming, MetalCore emerges as a sci-fi mech shooter metalcore, set on the distant planet of Kerberos. This massively multiplayer online game (MMO) promises thrilling PvPvE battles and a player-driven economy that shapes the course of gameplay.Overview of the Mech Shooter GameMetalCore immerses players in epic mech battles amidst the war-torn landscapes of Kerberos. With a focus on strategic combat and immersive gameplay, it stands as a testament to the evolving landscape of online gaming. The game aims to create a compelling and fun gameplay experience through the introduction of new gameplay modes and features.Latest Closed…

ZKsync is an Ethereum Layer-2 scaling solution that aims to enhance the efficiency and cost-effectiveness of Ethereum transactions by executing them off the main Ethereum chain. It does this through the use of zk-rollups, which group transactions together and process them off the main blockchain. Layer 2 solutions can be thought of as an additional freeway built alongside the crowded highway, allowing more transactions to drive on the main freeway (Ethereum). This additional lane shows the off-chain transaction handling that ZKsync performs with the help of zk-rollups. How Does ZKsync Work? The functioning of ZKsync starts from the accumulation of…

Floor Protocol, the pioneer behind BT404, the world’s first NFT index that allows users to earn yield on NFTs, has announced the launch of its V2 beta. Users can access their V1 assets through the platform at v1.fp.io. The V2 beta is here ✨User will be able to access their V1 assets via https://t.co/eK7nt566DO pic.twitter.com/pGq2UDt8fj — Floor Protocol (@floorprotocol) June 24, 2024 DAO Model Powers Floor Protocol’s Continuous NFT Sweeping Floor Protocol is an NFT-Fi liquidity layer that is based on the FLOOR token. It performs daily sweeps of NFT collection floors and earns yield by putting these assets to…

STEPN has emerged as a revolutionary force in the Web3 and fitness space, blending the concepts of SocialFi and GameFi to create a unique platform that incentivizes physical activity through blockchain technology. This article delves into the various aspects of STEPN, including its marketplace, core features, user experience, and its impact on the Web3 ecosystem.What is STEPN?STEPN is a Web3 lifestyle app that integrates elements of social finance (SocialFi) and game finance (GameFi). It aims to promote healthier lifestyles by rewarding users with cryptocurrency for engaging in physical activities like walking, jogging, or running outdoors. The app leverages blockchain technology…