Author: Crypto News Live

Key Points: Mysten Labs unveils Walrus, a cost-effective decentralized storage protocol. Walrus employs advanced erasure coding techniques for resilient data handling. Mysten Labs Walrus is a new decentralized storage protocol for blockchain, offering cost-effective, resilient data storage with high availability. Explosive Prospects Of Mysten Labs Walrus In the Decentralized Storage Mysten Labs has launched Walrus, a decentralized storage and data availability protocol operating at the cutting edge of innovation in Sui development. As a protocol for blockchain applications and autonomous agents, Walrus provides great benefits, including cost-effectiveness, high availability, and resilient blob storage. Overcoming Replication Challenges with Mysten Labs Walrus…

From cute pictures of chubby penguins, the Pudgy Penguin brand has grown into a full-fledged ecosystem with soft toys and its own game. Table of Contents What is Pudgy Penguins NFT collection? Pudgy Penguins Ecosystem How to buy Pudgy Penguins NFTs? What are the dynamics of the Pudgy Penguins now? Should users pay attention to NFTs now? What is Pudgy Penguins NFT collection? The Pudgy Penguins brand was launched in July 2021 by four college friends who decided to ride the wave of NFT popularity. ColeThereum created 8,888 NFTs of Pudgy Penguins, with a price of about $0.03 each. The…

TL;DRBy leveraging open crypto networks, Teleport (the web3 ride sharing app) is able to undercut Uber by 60%.Full StoryA new technology’s first ‘killer application’ is rarely sexy.Computer’s had word processingThe internet had plain text on a screenAnd smart phones had mobile email access(If you ask us — smart phones didn’t get sexy until the launch of the Jeremy Renner Fan Club app. No? Ok. Moving on).This is all to say: we think the consumer driven adoption of web3 technology will likely come through a combination of gaming and social applications…But they won’t be web3’s first killer application. We already have…

ETH ETF launch is now closer than ever as issuers begin submitting amended S-1s. Whales have been positioning for launch, suggesting ETFs will be a key market catalyst in summer.  Market analysts have been waiting for amended S-1s (registration statements) from potential spot Ethereum [ETH] ETF issuers, which are the last step before the SEC approves them for launch.  Digital asset manager and potential issuer, Bitwise, began this last step on 18th June. It submitted its amended S-1 to the agency, but the fee charges haven’t been included yet.  Reacting to the update, Bloomberg ETF analyst James Seyffart noted,  ‘I…

The Bitcoin network has made a significant mark in the NFT industry, ranking third in all-time sales. Data from NFT tracker CryptoSlam shows that as of June 18, Bitcoin-based NFTs have reached a total sales volume of $4.29 billion, surpassing the previous record held by the Ronin blockchain ($4.27 billion).Bitcoin’s New MilestoneThis development places Bitcoin behind only Ethereum and Solana in the rankings, with Ethereum maintaining a dominant lead at $43.8 billion in sales and Solana following with $5.6 billion.Over the past 30 days, Bitcoin-based NFTs amassed a sales volume of $148 million, securing the second spot for the month.…

Crypto analyst and trader Tyler Durden has revealed his bullish sentiment towards Ethereum (ETH). The analyst suggested that the ETH rise was inevitable and that it was better for traders to go with the tide.  Ethereum Is Set To Rise To $10,000 Durden mentioned in an X (formerly Twitter) post that Ethereum to $10,000 is the “most asymmetric bet” in crypto today. He further stated that “as annoying as that is, [it’s] just the way the chips have fallen,” suggesting that ETH’s rise to this price level was inevitable. He also hinted that he would bet on ETH regardless of…

Decentralized finance, or DeFi, is undoubtedly one of the most innovative applications of crypto and blockchain technology. In addition to bringing in new ways to use crypto assets, it also creates many different profit-making opportunities. One of them is yield farming. But what is yield farming, how does it work, and perhaps most importantly, how can you get the most out of it? What Is Yield Farming? Definition Yield farming is a strategy in the crypto markets where token holders leverage their crypto assets to earn rewards. It involves providing liquidity to decentralized finance (DeFi) platforms by lending or staking…

The recent cryptocurrency market downturn has seen the prices of major cryptocurrencies including Bitcoin, Ethereum, XRP, Dogecoin, and Cardano drop significantly. A little-known metric, however, suggests a short-term bounce is due. That’s according to data shared by on-chain analytics firm Santiment, which notes that  the lower a cryptocurrency’s 30-day Market Value to Realized Value (MVRV) ratio, a metric used to gauge market sentiment and predict future price movements, the “higher the likelihood we see a short-term bounce.” The 30-day MVRV ratio compares the current price of an asset with the average price at which it was acquired in the last…

Key Points: BNB Chain BEP-336, inspired by Ethereum’s EIP-4844, scheduled to launch on June 20, will help cut transaction costs by up to 90%. BEP-336 introduces Blob-Carrying Transactions to simplify and optimize data storage and verification. The update will also enhance BNB Greenfield’s decentralized storage, improve network performance, and benefit users and developers. On June 18, BNB Chain unveiled BEP-336, a groundbreaking protocol inspired by Ethereum’s EIP-4844. This new update aims to revolutionize data storage and processing on the blockchain, promising to reduce transaction costs by up to 90%. BNB Chain BEP-336 Launched to Reduce Transaction Costs BNB Chain BEP-336…

Ethereum-oriented NFT collectibles like Pudgy Penguins and Bored Ape Yacht Club, have been on a downward swing since Blur farmers have aired their opinions. In the case of the competition, the scenario seems to be no different. For instance, DeGods has declined by 32%, whereas Azuki has seen a fall to the extent of 15%. CryptoPunks too is witnessing a drop of 13%, reminding one of the trade prices about the end of last year. NFT marketplace, Blur, has been involved in an airdrop farming scheme, through which users come in for rewards having been removed and boosted by Blast.…