Author: Crypto News Live

The company behind the privacy-focused protocol Nocturne has announced its closure just four months after discontinuing the protocol itself. Nocturne, which developed a privacy-oriented protocol for Ethereum, is shutting down less than a year after securing $6 million in funding from Bain Capital Crypto, Polychain Capital, and Vitalik Buterin. Hey all, some tough news. After shutting down the privacy protocol we built earlier last year, we’ve decided to wind down the company.The frontend https://t.co/bDN4zxs1fH will remain open for withdrawals until the end of this month. From there we will convert the withdrawal… — Nocturne (@nocturne_xyz) June 5, 2024 In an…

TL;DRFull StoryWe just watched this interview between Gary Gensler and Jim Cramer that happened yesterday morning and boy did Jim ask Gaz some of the questions we wish we could’ve asked.Namely: If an ETH ETF has been approved, what about a BONK ETF? (The subtext being, now one altcoin has been approved for a spot ETF in the US, what about every other altcoin)?And: What about Roaring Kitty? Is he manipulating markets? (Which relates to crypto because historically when meme stocks fly, meme coins do too).It’s well worth a watch (less than 14 mins) but if you just want to…

Ethereum’s supply spiked last month. This has happened due to a decline in daily active addresses on the network. 46,138 Ethereum [ETH] worth around $176.22 million, at the altcoin’s press time price, have been added to circulation in the last month, pushing the altcoin’s circulating supply to a 30-day high of 120.14 million ETH, data from Ultrasound.money has shown. Source: Ultrasound.money The steady surge in the number of ETH coins in circulation means the altcoin’s supply is currently inflationary. This happens when the network witnesses a decline in user activity. AMBCrypto confirmed this decline, as data from Artemis revealed a…

McDonald’s Singapore has ventured into the metaverse with its new digital environment, “My Happy Place.” This initiative, developed in collaboration with Bandwagon Labs, is accessible through the official McDonald’s app. It offers a unique blend of virtual and real-world experiences, with special benefits for the 2023 Grimace NFTs holders.“My Happy Place” provides users with a range of interactive activities. They can play games like Build-A-Burger, participate in daily contests through the Wheel of Deals feature, and even envision future McDonald’s restaurant designs.🎉🌟 IT’S HERE! 🌟🎉We’re thrilled to launch My Happy Place, together with McDonald’s Singapore! Dive into the metaverse where…

In the evolving landscape of decentralized finance (DeFi), cross-chain technology continues to break new ground, offering more seamless and integrated solutions for users and developers alike. One significant advancement in this field is the introduction of SwapKit, an all-in-one Software Development Kit (SDK) designed for facilitating native cross-chain trading, decentralized exchange (DEX) aggregation, and other blockchain-centric services. SwapKit’s comprehensive tech stack is empowering developers to create robust, multi-chain decentralized applications (dApps) that transcend the limitations of single blockchain ecosystems. Recently, Swing, a leader in cross-chain liquidity solutions, has integrated SwapKit to leverage its extensive capabilities. This collaboration marks a pivotal…

Litentry, an identity oracle built on TEE, is excited to reveal its partnership with Earth From Another Sun (EFAS) during Season 2. This partnership is expected to transform the identity of GameFi with the help of Litentry’s IdentityHub and its VC rating system. 🌟We’re thrilled to announce our partnership with @PlayEFAS during our Season 2!@PlayEFAS is transforming the MMO landscape with its approach to open-world galactic domination. This looter-shooter game lets players command armies and conquer planets. With over 150,000 Steam… pic.twitter.com/q31TPkjODu — Litentry (@litentry) June 7, 2024 EFAS Collaboration with Litentry Revolutionizes Gaming Privacy Earth From Another Sun is…

In an exciting development for the world of web3 gaming, Immutable has announced that The Mystery Society, a new social deduction game, will be launching on its zkEVM platform, powered by 0xPolygon. The game is a fresh endeavor by The Mystery Society, which recently secured $3 million in funding to bring their vision to life. Developed by a team of industry veterans from Disney and Club Penguin, The Mystery Society is poised to redefine the social gaming landscape. The launch on Immutable’s platform represents a significant milestone for The Mystery Society. It marks not only an expansion of Immutable’s portfolio…

TL;DRFull Story“It’s hard to get people to pay for something they’re used to getting for free”— MKBHD, 2023 AD.This has been one of web3 gaming’s biggest sticking points.Sure, we’re used to paying for games — but not every time we collect an in-game NFT-based item, and definitely not on a sliding scale of cost…Cause (ICYMI), in the last bull run (when NFTs first reared their head), most of the trading activity was taking place on the Ethereum network. Which, at the time, was seeing transaction fees ranging from $10, to $7k — to as high as $44k. (Seriously).But with the…

Late Saturday, an Ethereum layer-2 network called Linea found itself stuck between a rock and a hard place. Using an exploit, attackers had drained $2.3 million worth of ETH from a decentralized exchange that operates on Linea, called Velocore. Unable to reach the Velocore team, Linea’s leadership made the decisive call to freeze all transactions across the network in an effort to prevent further malfeasance. The plan worked: Linea users were insulated from additional losses. That’s when the trouble started. Crypto users immediately decried Linea’s actions across social media, arguing that the company had violated the industry’s core principle, decentralization.…

Gensler’s remarks on Ethereum ETFs evoke speculation on SEC’s review pace. SEC’s approval of ETH ETF listing requests hints at an evolving stance. The cryptocurrency community is abuzz with speculation following recent comments by SEC Chair Gary Gensler.  In a report by Reuters, Gensler indicated that the approval process for spot Ethereum [ETH] exchange-traded funds (ETFs) in the United States hinges on the responsiveness of issuers to the SEC’s feedback. He said,  “These registrants are self-motivated to be responsive to the comments they get, but it’s really up to them how responsive they are.”  This development has sparked optimism among…