Author: Crypto News Live

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. On the first Prime Day of 2023, Amazon facilitated the sale of 375 million items. Just one store, during one of its busiest days of the year, provides the ultimate convenience for its users—a testament to the decades of infrastructure development in web2. You might also like: Back to the drawing board: rethinking interoperability | Opinion Contrast this with the never-ending possibilities of a unified web3 ecosystem, which, although spoken of widely, seems increasingly challenging to achieve,…

According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero argued that at the time, Web3 companies had not “even figured out the best ways to use NFTs in loyalty programs.” NFT-Based Loyalty Program Failures Tarnished Tech’s Reputation While their adoption of the technology signaled a positive development for the blockchain industry, the apparent failure of such loyalty programs has tarnished the reputation of NFTs, the Travala CEO argued. However, in his written answers to…

While Open Interest increased, Funding Rate stalled. The price of the altcoin might keep swinging between $3,400 and $3,600 in the short term. One day after Ethereum’s [ETH] Open Interest dropped to $13.14 billion, it added another billion to its value. At press time, the Open Interest (OI) was $14.10 billion, according to data from Glassnode. OI is the value of outstanding futures contracts in the market. Whenever it decreases, it means that traders are closing positions related to the cryptocurrency. However, an increase suggests otherwise. Speculation is a ticket to a new high Thus, the rise in Ethereum contracts…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

In an interview with Ark’s Cathie Wood, Coinbase Founder and CEO Brian Armstrong shared his thoughts on some of the crucial things that are happening in crypto as well as some of the platform’s latest developments. The conversation took place at the State of Crypto Summit 2024. Layer 2 Armstrong emphasized the significance of the exchange’s layer-2 solution, Base, in advancing blockchain technology. He likened the transition from layer-1 to layer-2 networks to the shift from dial-up to broadband internet, emphasizing the improved speed and reduced costs. Layer 2 enables features like instant, free USD coin transfers globally, which revolutionize…

In a significant development for blockchain adoption, Allo has partnered with Optimism Collective’s Superchain to tokenize $2 billion in real-world assets. This partnership will enable the $2b in real-world assets to be tokenized, marking a major step in the acceptance of blockchain. The move underscores the growing potential of blockchain, not only as a technology for the forward-thinking present and future, but it also represents a significant step towards building a bridge between conventional financial assets and the digital economy. The Dawn Of Asset Management But this integration of Allo with the Superchain will change the way people manage their…

Whale accumulation of ETH grew, according to recent data. Network growth and velocity of ETH fell materially. Ethereum’s [ETH] recent dip in price did not reduce the optimism that traders and investors had in the slightest. Ethereum whales start to buy Recent data showed that Ethereum whales, or large-scale investors, have accumulated over 700,000 ETH in the past three weeks, representing a total of approximately $2.45 billion. This significant buying spree suggested that these whales believe in the long-term potential of Ethereum and view the recent price dip as a buying opportunity. Their actions could be a sign of confidence in…

In 2015, the Ethereum protocol proposed a vision for a decentralized world computer capable of rearchitecting a free and open internet – removed from the whims and constraints of centralized entities. While Ethereum has become the foundation for Web3 as we know it, its growth was underscored by the upgrades that would be required to realize its full potential. As a result, layer 2 has emerged as clear frontrunners in the race to scale the network for mass adoption. Systems using zero-knowledge (ZK) technologies are among the most promising – and their potential isn’t limited to scaling. Mihailo Bjelic is…

This week, “What the Punk!” was released, the new 80-minute documentary that tells the story of the famous CryptoPunk and the pioneers of crypto and NFT Art. NFT Art with “What the Punk!”: 80 minutes of documentary on the history of the CryptoPunk NFT Art: the CryptoPunks told in the new documentary “What The Punk!” The sales of the CryptoPunk collection NFT Art with “What the Punk!”: 80 minutes of documentary on the history of the CryptoPunk On June 11, 2024, “What The Punk!” was released, an 80-minute documentary that explores the extraordinary history of the CryptoPunk and the birth…

XSwap has adopted Chianlink’s CCIP for its new XPay tool, ensuring secure and efficient onchain payments with top security and easy integration for cross-chain transactions. The integration of Chainlink CCIP into XSwap’s ecosystem represents a significant enhancement in security and cross-chain transaction capabilities. Chainlink has confirmed its position as the industry-standard protocol for secure cross-chain value transfers with its latest use case. XPay, developed by XSwap, is now utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate onchain payments. XSwap expressed its excitement about the launch of XPay, a robust tool designed for cross-chain transactions, promising top security powered by Chainlink…