Author: Crypto News Live

Ethereum experiences its second-largest buying day, with long-term holders accumulating significantly. Market indicators show mixed signals, with decreases in open interest and exchange reserves hitting an eight-year low. Ethereum [ETH], the second-largest cryptocurrency by market capitalization, has recently exhibited some interesting market movements. Despite an 8% decline over the past week, Ethereum saw a slight uptick of 0.3% in the last 24 hours, bringing its current trading price to $3,519. This minor increase comes during a period of overall market uncertainty, particularly following the approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission in May. Long-term holders…

Film.io aims to bring filmmakers and fans closer to the creative process by forming blockchain-based communities. Launched in 2022 by Consensys, VillageDAO harnesses the power of Web3 communities to provide customer support and service to dApp users and developers. Ethereum developer Consensys has announced that Film.io, a startup that uses crypto power to democratize the Hollywood studio system, will be the first partner to join VillageDAO, a smart contract framework and service provider for Web3 communities, formed within ConsenSys back in 2022. Ethereum brings together a vast ecosystem these days, and decentralized autonomous organizations (DAOs) have had the power to…

Enjin has announced a partnership with George Murphy and The Rising Suns. The objective is to expand the reach to a billion users of NFT via the Enjin ecosystem. This marks the first time for George Murphy as he ventures into the segment of non-fungible tokens. They will collectively work to offer tokenized vinyl records. Two more partners are involved in the development – New York Culture Club and The Squirrel. The former specializes in integrating NFC chips into items while the latter is the NFT.io hosted by Kevin and Bob. The mechanism of the partnership is pretty simple. The…

Ethereum has seen a number of notable withdrawals that suggests that crypto whales are expecting a recovery in price. These large withdrawals has caused the ETH balances on centralized exchanges to fall to their lowest level since 2016. 336,000 ETH Withdrawn From Exchanges Crypto analyst Ash Crypto took to X (formerly Twitter) to reveal a notable change in the amount of ETH that is being held on centralized exchanges currently. Notably, there has been a marked increase in the withdrawals of small and large investors alike, leading to the highest withdrawal trend of 2024 so far. Related Reading The report…

Tuum Technologies enhances MetaMask with Identity Snap for DIDs and VCs on Hedera, promoting self-sovereign identity. The integration aims to foster broad adoption and streamline identity management across the blockchain ecosystem. According to the latest Ecosystem News from the HBAR Foundation, there’s been a groundbreaking development on the Hedera network, marking a significant advancement within the blockchain sector. Tuum Technologies has announced the integration of Identity Snap with MetaMask, targeting developers who are keen on developing Digital Identifiers (DIDs) and Verifiable Credentials (VCs) on the Hedera network. This collaboration represents a major step forward in promoting the concept of self-sovereign…

Binance Smart Chain’s ‘biggest’ NFT artist is suing Elon Musk’s X Corp after the social media giant suspended his accounts, allegedly ignoring its own policy and costing him his livelihood. Jeremy Ryan, aka ‘NFT Demon,’ filed a lawsuit in California on Wednesday in which he accuses X (formerly Twitter) of unfairly suspending his seven accounts and ‘severely’ damaging his crypto and NFT businesses. Ryan, who became an NFT artist after surviving brain cancer, says his record of minted art makes him the largest NFT artist on the Binance Smart Chain. His work has attracted support from numerous celebrities including John…

TL;DRIf BTC eventually reaches $200k, assuming Elon’s wealth stays the same, and Satoshi doesn’t sell a single coin…the anonymous Satoshi Nakamoto will be the richest person in the world.Full StoryIt’s Friday – so let’s cap things off with something a bit fumb (fun + dumb).As of today (14 June, 2024), the real-time Forbes Billionaires List features 15 people who’ve have made a majority of their fortune thanks to the world of crypto (compared to just nine in 2023).And while some early adopters spent BTC slightly recklessly in the early days – like the guy who spent 10,000 BTC on two…

Aethir has launched its decentralized cloud computing network on the Ethereum mainnet. The value of its ATH token may plunge in the short term. Aethir, a decentralized physical infrastructure network (DePIN) provider, launched its decentralized cloud computing network on the Ethereum [ETH] mainnet on 12th June. The protocol allows users to rent high-performance computing resources needed for training artificial intelligence (AI) and rendering digital content. This service is crucial for organizations that require significant computational power as it offers flexibility and scalability for their operations. Aethir’s mainnet launch comes with a native token, ATH. ATH is required for governance and…

DOMANI adopts Chainlink CCIP and price feeds to initiate cross-chain bridging of their DEXTF token, allow calculated transformations, and exhibit USD value balances. Chainlink will be responsible for releasing institutional use cases for their protocol. DOMANI, on its part, is an assets-controlling protocol that strengthens an individual’s capacity for minting, trading, retrieving, and offering liquidity on non-custodial tokenized collectibles. Its framework allows the building of online conventional funds. DOMANI is known to serve the prime banking sector and financial bodies as an online asset-controlling framework offeror. The company is honing in on CCIP due to its high-end safety and dependability…

Several major retail companies in South Korea, such as Lotte and Hyundai, have announced their departure from the non-fungible token (NFT) market. This marks a significant change in their digital strategies, as they respond to a slowdown in the NFT industry and redirect resources towards their primary business operations.Lotte’s Withdrawal from NFT MarketLotte Home Shopping, the e-commerce arm of retail giant Lotte, has announced that it will discontinue its NFT shop platform on July 2, 2024. The NFT offerings, which were originally introduced in May 2022, were integrated into the Lotte Home Shopping mobile app as part of a larger…