Author: Crypto News Live
In a fusion of finance and cutting-edge technology, Michael Novogratz’s Galaxy Digital has provided a multimillion-dollar loan to Yat Siu, co-founder of Animoca Brands, using a unique combination of a tokenized 316-year-old Stradivarius violin and its digital counterpart, an NFT.Details of the TransactionGalaxy Digital extended the loan to Yat Siu, the chairman of Animoca Brands, who secured it with the physical violin, valued at over $9 million, and its NFT version. The tokenization of this historic instrument, a first of its kind, enables the violin’s value to be more readily accessible and enhances liquidity significantly. According to Galaxy Digital’s website,…
Crypto trading volumes hit second monthly low post-BTC halving event. Derivatives dominated the crypto market at +70% because of ETH ETF speculation. The typical financial lull associated with summer seems to be playing out in crypto markets. In May, crypto trading activity fell by 20%, marking the second month of a drop in trading volume across major exchanges, per a CCData report. Part of the report cited the ‘rangebound’ market for the trend and read, ‘In May, the combined spot and derivatives trading volume on centralised exchanges fell 20.1% to $5.27tn as the prices of major digital assets continued to…
Key takeaways Mandala Chain is introducing IDCHAIN It’s projected to onboard over 10 million new wallets in Indonesia. The initiative integrates government, enterprise, and public sectors on a secure blockchain platform. Mandala Chain and its vision Mandala Chain is a Polkadot parachain aiming to integrate government and enterprise applications with the public and retail sectors. The project focuses on creating real-world utility and fostering adoption, particularly in Indonesia. As a secure Layer 1 blockchain, Mandala Chain plans to revolutionize various sectors and plans to onboard over 10 million new wallets through its inaugural use case, IDCHAIN. IDCHAIN and its impact…
The Moon Girl collection on Polygon led CryptoSlam’s non-fungible tokens (NFT) sales chart on Wednesday with US$1.36 million in daily sales. It was the second consecutive day Moon Girl notched at least US$1 million in sales. The second-ranking collection for the day was Guild of Guardians Avatars on the Immutable network which recorded sales of US$854,586. Bitcoin Puppets claimed the third spot with a total sales volume of US$818,729, dropping from the previous day’s US$1.33 million. Despite the drop, the collection maintained an average price of US$14,363 per NFT. Other notable movements in the NFT market included CryptoPunks and Mutant…
VanEck projects Ethereum at $22,000 by 2030, fueled by ETF approval and institutional adoption. VanEck says ETH could hit $154,000 in a bullish market and fall to $360 in a bearish one. After days of anticipation, Bitcoin [BTC] surpassed the $70K milestone on 5th June. Mirroring this upward trend, Ethereum [ETH] experienced a 1.34% increase at the time of writing. Increased institutional interest Amid the positive market momentum, VanEck, a prominent asset manager, projected that Ethereum will reach $22,000 per coin by 2030. This bullish prediction is based on the anticipated approval of spot Ethereum exchange-traded funds (ETFs), expected to…
The Sei blockchain stands out for its sensational speed, finalizing blocks in under 390 milliseconds, giving it the status of the fastest decentralized network in existence. It’s the industry’s first “parallelized EVM blockchain”, merging Ethereum’s pioneering development framework with the cutting-edge performance of Solana, prioritizing high-throughput, reliability and security. Sei is a part of the Cosmos ecosystem of blockchains and is designed to support an extensive array of dApps that need to cater to high-frequency trading at low costs and deliver a seamless user experience. Having launched its mainnet in August 2023, its advanced infrastructure has become a big hit…
TL;DRFull StoryOk, hear us out.Given that we just wrote about how the ease of use/low cost of smart wallets will elevate the Ethereum ecosystem, this feels relevant…The gold market is worth 16 trillion while the foreign exchange market is worth 2.4 quadrillion (2,400 trillion).What does that have to do with crypto?Well, Bitcoin’s current narrative is that it’s poised to replace gold, while Ethereum is trying to become that, plus a global ‘money.’Which has seemed misplaced…until today?Call us crazy, but now — thanks to the advent of smart wallets — Ethereum has become the new contender for decentralized money.Not because Bitcoin…
Solana outperformed Ethereum in active addresses and trading volume. Despite Solana’s growth, Ethereum’s network activity and security position it as superior. Mirroring the broader market trend, both Ethereum [ETH] and Solana [SOL] exhibited positive trading activity, with ETH experiencing a 1.4% increase and SOL showing a 4.64% hike in the past 24 hours. However, delving deeper into their performance revealed an interesting insight: Solana has surpassed Ethereum in activity metrics, boasting a higher number of active addresses and trading volume. Solana’s active addresses surged above 1 million, while Ethereum’s remained stagnant, highlighting a notable disparity between the two networks. Further confirming…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Witness the evolution of decentralized infrastructure technology with the Stratos Network’s latest milestone, the v0.12 upgrade. This groundbreaking release introduces a multitude of features designed to enhance the capabilities of the Stratos Chain and Decentralized Storage network and revolutionize the user experience within the Stratos ecosystem. Unleashing Stratos chain’s potential The Stratos Chain receives a significant boost in functionality with the v0.12 upgrade. Now, users can seamlessly send Cosmos transactions, such as delegate and undelegate tokens, using Wallet Connect…
Navigating the world of Non-Fungible Tokens (NFTs) can be a complex endeavour. Especially when it comes to selling these unique digital assets. This article aims to demystify the process. It provides actionable tips and strategies to help you successfully sell NFTs.From understanding blockchain art to leveraging NFT auctions, we’ll cover it all. Whether you’re a digital artist, collector, or investor, this guide is for you. So, let’s delve into the fascinating world of NFTs and explore how you can maximize your success in this burgeoning marketplace.Understanding NFTs and Blockchain ArtNFTs are a type of digital asset that is stored securely…
