Author: Crypto News Live

TL;DRFull StoryNo kid has ever walked up to a family member and asked:“Do you have any liquidity provision tools on your phone?”Nope. The question has always been:“Do you have any games on your phone?”And herein lies a major problem within the crypto onboarding process.Onboarding friends and family is hard enough as it is. There’s a bunch of new apps, tools, and terms they need to be familiarized with, which add friction at every turn.(Though, with the advent of smart wallets and their one click, web2-style sign up process, this problem is on the verge of being solved).Next problem in line…

Ethereum price declined heavily and tested the $3,580 support zone. ETH is now recovering and faces many hurdles near the $3,740 zone. Ethereum started a recovery wave and climbed above the $3,660 resistance. The price is trading below $3,750 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,740 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 $3,640 support. Ethereum Price Faces Resistance Ethereum price extended its decline below the $3,660 support zone. ETH even…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain is a cutting-edge technology in today’s digital world. It secures online ledgers for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) across industries. Its global market is projected to soar from $5.88 billion in 2021 to $1,314.03 billion by 2030 at an 82.4% compound annual growth rate (CAGR). Blockchain technology market size | Source: Straits Research Enter application-specific blockchains. These platforms excel in performance, scalability, security, cost-efficiency, and governance compared to general-purpose applications, shaping the future of…

The FSC of South Korea has released updated guidelines to classify non-fungible tokens (NFTs) as virtual assets. These guidelines precede the implementation of the ‘Virtual Asset User Protection Act’ on July 19, which aims to establish a more precise regulatory structure for digital assets.Overview of the New GuidelinesThe new guidelines address the treatment of NFTs, which will be subject to regulation comparable to cryptocurrencies in situations where they no longer possess distinguishing characteristics from other virtual assets.The FSC considers NFTs as virtual assets when large quantities or series of identical or similar NFTs are issued, losing their uniqueness and being…

Ethereum’s Taker Buy Sell Ratio has remained below 1 since the 5th of June. This means there is more sell volume than buy volume in its Futures market. Ethereum’s [ETH] Taker Buy Sell Ratio, assessed using a seven-day simple moving average (SMA), has trended downward since the 5th of June, data from CryptoQuant has shown.  According to the on-chain data provider, the metric has returned values less than one since then. As of this writing, ETH’s Taker Buy Sell Ratio was 0.96. Source: CryptoQuant An asset’s Taker Buy Sell Ratio measures the ratio between its buy and sell volumes in…

Animoca Brands Corporation Limited and its subsidiary Bacasable Global Limited, which operates the user-generated content platform The Sandbox, have announced that the platform has raised $20 million in funding. This latest funding round includes a valuation cap of $1 billion for the platform, further solidifying Animoca’s reputation as a pioneer in advancing digital property rights within the open metaverse.The newly acquired funding will propel The Sandbox towards its goal of a decentralized virtual world. This world combines culture and gaming, allowing the community to actively contribute to and reap rewards from the ecosystem’s development.Commitment to The Sandbox VisionEnhancing earning opportunities…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The impacts of the climate crisis are becoming increasingly difficult to ignore. Yet, our approaches to monitoring and addressing this existential challenge often feel outdated and inadequate. The decades-old climate models we rely on have significant limitations, failing to provide the hyperlocal, real-time, and comprehensive data we need. You might also like: Creating a resilient and sustainable blockchain-as-a-service for all | Opinion Early climate models were constrained by the computing power of the time, unable to incorporate…

Following the recent price spike that brought Ethereum (ETH) close to the $4,000 mark, the second-largest cryptocurrency has experienced inflows and renewed market enthusiasm. This comes in response to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. Best Week For Ethereum Since March  According to a report by CoinShares, digital asset investment products have witnessed a total of $2 billion inflows, contributing to a five-week consecutive run of inflows amounting to $4.3 billion.  Additionally, trading volumes in exchange-traded products (ETPs) have risen to $12.8 billion for the week, a 55% increase from…

Charles Hoskinson, the visionary behind the Cardano blockchain platform, has announced a significant milestone for the Cardano ecosystem. On June 9, Hoskinson revealed on X (formerly Twitter) that the much-anticipated Chang fork is on the horizon, with the Cardano Node expected to reach version 9.0 this month. Cardano’s Chang hard fork represents a significant upgrade, marking the start of the Voltaire era, the final phase of Cardano’s roadmap. This phase is dedicated to establishing decentralized governance and on-chain voting mechanisms on the Cardano blockchain. The significance of the Chang hard fork lies in its ability to give the Cardano community…

Axelar has announced support for Polygon Amoy (Sepolia) and Linea Sepolia testnets. This move follows a previous announcement with the name of Goerli Deprecation and New Ethereum Sepolia, Layer 2 Sepolia Support with Axelar. The initiative aims to continue supporting developers in building innovative applications. GM builders!We now support @0xPolygon Amoy and @LineaBuild Sepolia testnets! 🧪Check out the devblog for details 👀https://t.co/4IOSoPzWAu pic.twitter.com/1R8dR2RIAY — Axelar Network (@axelarnetwork) June 8, 2024 Axelar Enhances Developer Capabilities with Sepolia Support From the perception of developers who create dapps and smart contracts, a testnet works as a production network. It makes it possible to…