Author: Crypto News Live

TL;DRCrypto is still in the earlier phases of its overall adoption cycle, which — if it’s anything like other technologies with network effects — will eventually end in a winner-take-most situation (not winner-take-all).Full StoryFeeling worn out by the tribalism within crypto?Is your natural instinct to outright reject that kind of thing?Good! This isn’t a winner-take-all competition, but instead: winner-take-most. Which means, if you’re tired of the debate of “Bitcoin vs. Ethereum vs. Solana vs. promising up-and-comers like Aptos” — you’re on the right track.Here’s why:Blockchain projects have network effects.I.e. the more people use a blockchain, the more valuable it becomes…

The CME FedWatch Tool has indicated a low probability of a cut. Senator Warren’s letter hinted at Bitcoin’s bullish situation. With the Federal Open Market Committee (FOMC) meeting scheduled for the 12th of June, the crypto community is abuzz with speculation about its effect on market dynamics. Current indications suggest that interest rates will likely remain unchanged. In fact, the CME FedWatch Tool indicated at a mere 0.6% probability of a quarter-point rate cut at the meeting. Source: CME FedWatch Tool In other news, Senator Elizabeth Warren wrote a letter to Federal Reserve Chair Jerome Powell on the 10th of…

Pixelverse, a rising entertainment studio and game ecosystem, has recently concluded a successful $5.5 million funding round with prominent venture capital firms and well-respected gaming and Web3 pioneers leading the investment. This financial backing will aid in expanding the Pixelverse gaming ecosystem, which has already garnered a massive 15 million users in its first month of launch.Key Investors and Strategic BackersPixelverse is a cyberpunk-inspired gaming ecosystem that strives to make Web3 enjoyable and easily accessible by offering players true ownership of in-game assets and rewards for dedication.Delphi Ventures, Merit Circle, and Mechanism Capital took the lead in this funding round.…

SubQuery Network, a Web3 infrastructure provider, has introduced two new decentralized Remote Procedure Calls (RPCs) for efficient data management on the Polkadot and Kusama networks, according to a June 11 statement shared with Crypto. SubQuery said these RPCs are the first decentralized ones on Substrate-based networks and will be operated by over 30 independent Node Operators. This will allow developers to build blockchain projects that can function efficiently and access data from multiple sources. SubQuery’s RPCs RPCs are crucial for communication between blockchain nodes and external entities as they facilitate data retrieval, smart contract interactions, and transaction submissions. Additionally, the…

Artificial Intelligence (AI) and Web3 are two of the most talked-about technological advancements poised to redefine the digital future. With its ability to learn and adapt, AI is revolutionizing how we interact with technology. Web3, on the other hand, represents the next phase of the internet’s evolution, focusing on decentralization and blockchain technology. When AI meets Web3, the synergies created have the potential to transform industries, from data analytics to digital assets like NFTs. In this article, we will explore the intersections of AI and Web3 technology and how they are shaping our digital world.The Emergence of Web3Web3, often referred to…

Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720. Ethereum started a pullback after it failed to clear the $3,880 resistance. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh upward move unless there is a close below the $3,720 support. Ethereum Price Dips Again Ethereum price extended its increase above the…

Seoul – Pixelverse, the emerging entertainment studio and game ecosystem, has successfully closed a funding round, raising $5.5M from tier-1 venture capital funds and prominent founders from the gaming and Web3 spaces. This capital injection is aimed at fueling the global growth of the Pixelverse gaming ecosystem, which has attracted over 15 million users in its first month of operation.—The funding round was led by notable investors, including Delphi Ventures, Merit Circle, and Mechanism Capital. Other participants included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. Angel investors such as Sébastien Borget, founder of The Sandbox, Luca…

MultiversX, a blockchain protocol offering horizontal scalability with the use of sharding technology, has announced a new collaboration. As per the platform, it is partnering with eCornell University to roll out a thorough and completely sponsored project for blockchain-related education for needy students. Before this, the company has also collaborated with other institutions like ELTE Budapest and the University of Vienna. MultiversX and eCornell University Partner to Unveil a Blockchain Education Project The project signifies an exclusive move in the commitment of MultiversX to spread education around the world. Additionally, the platform has also effectively conducted hackathons and preliminary blockchain…

Animoca Brands Japan, the strategic subsidiary of Animoca Brands, announced that on June 18 there will be the launch of its NFT launchpad Sorah. The platform will serve to support projects and creators in the sale of their Non-Fungible Tokens. Animoca Brands Japan and the launch of the new Sorah NFT launchpad Animoca Brands Japan and the new NFT launchpad Sorah: the inaugural sales The 20 million dollar funding in the metaverse of The Sandbox Animoca Brands Japan and the launch of the new Sorah NFT launchpad Animoca Brands Japan, the strategic subsidiary of Animoca Brands, will launch on June…

The crypto market maintained its over $2 trillion capitalization. Anticipation about the FOMC and CPI reports have contributed to the crypto decline. The crypto market has experienced a massive decline in the last 24 hours, with millions of dollars wiped off the market capitalization. The declines in Bitcoin [BTC] and Ethereum [ETH] have played a significant role in this downturn. More specifically, the upcoming U.S. Federal Open Market Committee (FOMC) meeting and Consumer Price Index (CPI) reports have contributed largely to the decline of the two biggest crypto assets. The reason why crypto is down today AMBCrypto’s analysis of the…