Author: Crypto News Live

Ethereum gas prices declined, but fees paid out to validators rose. The price of ETH declined, however, Network Growth surged. The recent market drawdown impacted Ethereum [ETH] significantly as ETH’s prices fell below the $3400 level. Low Ethereum gas, high fees Coupled with that, the Ethereum gas price declined. Despite the declining gas prices, in terms of fees paid out to validators, Ethereum outperformed other networks such as Solana [SOL] and Tron [TRX] by a large margin. The higher validator fees, despite a gas price drop, could indicate continued strong network usage on Ethereum. Even with lower per-transaction fees, a…

Studio369, the developer behind the sci-fi mech shooter MetalCore, announced that it will launch its Ethereum token this week alongside the third phase of its closed beta, introducing new gameplay modes and economic features to the blockchain-based game. Set to begin on June 27, MetalCore’s Closed Beta 3 (CB3) will feature session-based PvP esports competitions, including Domination, Capture the Flag, and High-Value Target modes. The update also introduces faction-based social hubs and the ability to purchase in-game digital collectibles using fiat currency. And then on June 28, Studio369 will conduct the token generation event for the MCG token across Ethereum’s…

Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissioned way and also linking itself to other public blockchains using Rayls Public Chain, a native Ethereum layer two (L2). Parfin Creates Rayls to Enhance Privacy for Brazilian CBDC Drex Parfin, a crypto and blockchain-focused financial company, has announced the creation of a new platform called Rayls, which aims to enhance the privacy of the Brazilian central bank digital currency (CBDC), drex. The solution can…

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH, taking advantage of the recent correction. To reassert this outlook,…

Earn Alliance, the leading Web3 game aggregator and discovery platform, has formed a strategic partnership with Sky Mavis, the creators of Ronin. This collaboration will see Earn Alliance integrating Ronin’s gaming titles into their successful “engagement as a service” platform._To commemorate this partnership, Earn Alliance is launching “Ronin Week” – a weeklong event starting today. Featuring popular games like Pixels, Lumiterra, Fight League, TMA, Kaidro, Axie Classic, and Puffverse, Ronin Week will highlight the exciting games on Ronin, aiming to attract both existing gamer communities and new users.Joseph “Coop” Cooper, CEO and Founder of Earn Alliance, shared his enthusiasm:”Our partnership…

As South Korea’s government continues to invest in the development of artificial intelligence (AI) systems, one K-pop pioneer is amplifying the calls for an industry-wide embrace of the technology. According to a report from the Korea Herald, Lee Soo-man, founder of SM Entertainment, urged industry participants to increase the adoption metrics for AI in the creative sector. The music veteran aired his views via a keynote address at the annual gathering of the International Confederation of Societies of Authors and Composers. In his speech, Lee argued that AI has the potential to jolt new creative zest in the South Korean…

Roham Gharegozlou founded Dapper Labs, bringing mainstream attention to NFTs with CryptoKitties and NBA Top Shot. Dapper Labs raised $555 million in 2023, expanding into the sports, music, and entertainment sectors. Roham Gharegozlou, the mastermind behind Dapper Labs, is a blockchain innovator. Gharegozlou entered the area of digital innovation early on because he was naturally curious about technology. His first affiliate website, which demonstrated his technological expertise and entrepreneurial enthusiasm, was created when he was just fourteen years old. This early technological adventure laid the groundwork for what would eventually become a revolutionary career. Along the way, Gharegozlou attended Stanford…

Tether, the issuer of USD₮ tokens, is shifting its focus towards “enhancing community-driven blockchain support.” As part of this strategic transition, Tether will cease support for the EOS and Algorand implementations.In line with its commitment to maintaining a robust and innovative blockchain ecosystem, Tether stated that it consistently evaluates current transport layers to balance maintainability, usage, and community interest. This strategic move highlights the importance of community interest in determining the deployment of USD₮ on specific blockchains.Security architecture and usability are reportedly critical factors in Tether’s evaluation process for blockchain networks. By prioritizing these aspects, Tether aims to allocate resources…

Spot Ether ETFs may reduce Ethereum’s price to as low as $2,400. Institutional interest in Ethereum is less compared to Bitcoin, affecting ETF conversion rates. As Ethereum [ETH] trails Bitcoin in performance, its price has seen a 5.1% decrease over the past 24 hours, bringing it to a current valuation of $3,315. This recent downturn in price reflects broader market trends and investor sentiment. Despite this fall, analysts foresee a further drop potentially driven by new financial products entering the market. Andrew Kang of Mechanism Capital speculates that the introduction of spot Ethereum exchange-traded funds (ETFs) could push Ethereum’s price…

The BBC has stepped into the metaverse with a £500,000 investment in Bristol-based 3D video streaming platform Condense. This will help to supercharge live music experiences through the New Music Portal, part of BBC Radio 1’s New Music Show with Jack Saunders.The New Music Portal lets fans feel like they’re in the room with the artist by entering a virtual venue, a game-like environment for live performances.About the PartnershipCondense, founded in 2019, has developed the technology to capture live performances using a rig of multiple cameras. The video feeds are combined to create a single 3D render of the event.Audiences…