Author: Crypto News Live
A major whale sold part of its ETH holdings Altcoin’s price fell, while Ethereum’s network growth declined too Ethereum [ETH]‘s price registered a massive hike over the last few weeks, one fueled by news of new spot ETFs for ETH. Despite the optimism around the network, however, a large whale recently decided to sell its holdings. Whales shy away On 8 June, a significant transaction occurred on the Ethereum blockchain. A major whale transferred 15,200 ETH, worth approximately $56.47 million, to Kraken. This particular address received massive holdings of 67,000 ETH directly from the Ethereum Foundation. It is further believed…
The transition from traditional finance (TradFi) to decentralized finance (DeFi) is not just a shift in industry but a paradigm shift in how we understand and interact with financial systems.— Nikhil Joshi, Chief Operating Officer of EMURGO, exemplifies this journey. With a robust 15-year career at Barclays and an artistic inclination toward literature and philosophy, Joshi has navigated the complex terrains of both sectors, bringing a unique blend of traditional financial acumen and innovative Web3 perspectives to his role at EMURGO.In this interview, Joshi delves into the motivations behind his move from Barclays to EMURGO, highlighting how his background in…
The cryptographic ecosystem of Avalanche is looking to increase the security of its infrastructure by implementing external web3 solutions. Today Core, the native wallet of Avalanche developed by Ava Labs, announced a strategic partnership with the provider Blockaid, which provides a suite of tools to simulate transactions before their actual execution and avoid cyber scams such as phishing and hack. Security is a very important topic within the crypto sector, where from 2017 to today hacking activities have been carried out for a total damage of 8.2 billion dollars. Let’s see everything in detail below. Avalanche Core forms a partnership…
Transactions on Litecoin increased across all levels, leaving Ethereum trailing ETH and LTC prices fell in the last 24 hours, but they might surpass major milestones soon It is unusual to find Litecoin [LTC] surpassing Ethereum [ETH] at any level. However, on 6 June, the number of active addresses on Litecoin’s network jumped by a mind-blowing 75%. According to data from IntoTheBlock, the difference was over 100,000 in favor of Litecoin. In total, the figure was 602,720 and represented the highest level of activity on the network since January. Source: IntoTheBlock After Cardano, Litecoin takes Ethereum out For context, active…
Fleek, an edge-optimized onchain cloud platform, and Polygon Labs, renowned for building a network of aggregated blockchains, have announced a strategic collaboration. —This partnership aims to deliver high-performance, permissionless web services tailored for Polygon CDK projects and other initiatives on the Polygon network. Fleek’s recent benchmarks have demonstrated its potential to outperform traditional cloud services like AWS Lambda.In conjunction with this collaboration, Fleek is launching its first public testnet, featuring CDN and JavaScript Runtime services, with Edge Functions as the initial use case.“We are thrilled to team up with Polygon Labs to provide Polygon CDK developers with onchain alternatives for…
GaFin, a leading player in the Web3 gaming revolution, has announced a strategic partnership with MagicCraft. MagicCraft is a player-versus-player (PvP) multiplayer online battle arena (MOBA) game built on blockchain technology. This collaboration promises to enhance the gaming landscape by integrating GaFin’s advanced gaming platform with MagicCraft’s immersive fantasy universe. GaFin announced this partnership via its official X account today. GaFin 🤝 @MagicCraftGame 🌈 We’re thrilled to announce our strategic partnership with @MagicCraftGame – a PvP MOBA built on Blockchain – an ecosystem of games, and a fantasy universe 🤩Through our partnership, we’re preparing for:📍 In-game quests📍 GaFin Game Hub……
TL;DRLast week we wrote about how Matter Labs had filed trademark applications in nine countries to claim the term “zero-knowledge”; however, they have now said that they will be dropping all applications due to significant backlash.Full StoryRemember how last week we wrote about that company – Matter Labs – who had decided to file trademark applications in nine countries to claim the term “zero-knowledge” as their exclusive intellectual property.Well, thanks to a whollle lot of public backlash, including a joint statement signed by leaders at Polyhedra, Polygon and StarkWare which mentioned that ZK “should remain a public good,” we have…
During the last seven days, BTC’s NFT sales volume declined by 4%. Weekly price charts of both coins remained green. Bitcoin [BTC] and Ethereum [ETH], two of the largest blockchains, continued to dominate the NFT market in May. Although at first glance this looked optimistic, closer inspection revealed that both ETH and BTC’s NFT sales volume actually dropped in the last 30 days. Bitcoin, Ethereum NFTs in May Coin98 Analytics posted a tweet revealing how several blockchains did in May. As per the tweet, BTC and ETH topped the list of blockchains in terms of total sales volume in May.…
Biconomy revealed its strategic partnership with the pioneering team at AA, marking a significant step towards improving blockchain scalability and user experience. Biconomy, known for its Full Stack AA solutions, aims to simplify blockchain transactions. This partnership promises to combine Biconomy’s technological expertise with AA’s pioneering approaches to significantly enhance transaction efficiency and user interface, ultimately facilitating a more scalable blockchain framework. We’re proud to be partnering with the pioneers of AA, @biconomy! 🌟Biconomy offers Full Stack AA for seamless blockchain transactions, enhancing scalability with an effortless UX! 🚀We have exciting things in the pipeline planned out! 👀Till then, stay…
Sonova, an exclusive NFT space that is designed for collectors and active traders on the Astra network, aims to foster the development of potential NFT projects and activities that are capable of establishing sustainable ecosystems. Their innovative platform is driven by seasoned professionals who have extensive experience in the blockchain industry. In spite of being a recent entrant, the team members at Sonova come with highly specialized Web3 knowledge. In their opinion, the most significant obstacle to Web3 is the absence of initiatives that are designed to establish a manageable ecosystem. The issue will be resolved in the near future…
