Author: Crypto News Live

In the rapidly evolving world of blockchain technology, MultiversX is a pioneering force driving innovation and scalability. At the helm of this groundbreaking project is Beniamin Mincu, CEO and Co-founder of MultiversX. A prominent figure in the Web3 space, Beniamin’s vision and leadership have positioned MultiversX as a top-tier Layer 1 blockchain solution, renowned for its state sharding technology, robust security features, and energy-efficient operations. With a mission to empower entrepreneurs, developers, enterprises, and government officials, MultiversX is focused on creating a transparent and collaborative framework that fosters radical innovation. The platform’s impressive capacity of handling 263,000 transactions per second…

TL;DRThe price of ‘stuff’ (like bananas) is going up, making our money worth less — safe assets returning 5-10% per year can’t outpace this devaluation, so investors are buying higher risk assets (like memecoins).Full StoryThe price of bananas is driving up memecoin prices.Hear us out…Inflation on the price of ‘stuff’ (e.g. groceries — including, but not limited to: bananas) continues to be stubborn, which means our money doesn’t go as far anymore.This loss in monetary value incentivizes investors to go further out on the risk curve, because safe assets that return a tidy 5-10% per year can no longer outpace…

With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted Michael Heinrich, CEO of 0G Labs. According to Heinrich, such a provenance trail enables “ex-post or real-time monitoring analysis” to detect any tampering, injection of bias, or use of problematic data during AI model training. Anchoring AI on Blockchain Aids in Fostering Public Trust In his detailed responses to questions from Bitcoin.com News, Heinrich—a poet and software engineer—argued that anchoring AI models in this way helps maintain their integrity and…

Dapper Labs, the company behind NBA Top Shot and other prominent on-chain collectibles, has settled a yearslong class action lawsuit with disgruntled customers who argued that Top Shot NFTs constituted illegally offered securities, court filings revealed Monday. As part of the settlement, Dapper will pay out $4 million to the suit’s plaintiffs, the company’s CEO, Roham Gharegozlou, told Decrypt. Those funds include monetary relief for the plaintiffs’ claims, and will also cover legal fees. In return, if the settlement is approved, the plaintiffs will forfeit any future right to claim that Top Shot NFTs are securities, per Gharegozlou. “The settlement…

In recent months, there has been a remarkable surge in Bitcoin-based NFTs. With Bitcoin’s impressive performance, it comes as no surprise that it has positioned itself as the fourth-largest blockchain for NFT sales, with over $3.82 billion in sales across more than 3 million transactions.Bitcoin-based NFTs did not always enjoy the prominence they do today. Initially, they had a modest presence facilitated by technologies like Counterparty. However, it was the launch of Ordinal inscriptions that truly transformed the market, dramatically increasing the popularity and sales of Bitcoin-based NFTs. This technological evolution has paved the way for the current boom in…

Ethereum’s performance in Q2 was unprofitable, indicating a difficult quarter. Whales and retail investors took some profits as prices surged. Ethereum [ETH] witnessed a surge in price and popularity over the last few days following the announcement of Ethereum ETFs. A disappointing quarter Despite this, the ecosystem was not doing too well. Token Terminal’s data indicated that Ethereum was having an unprofitable Q2. If Ethereum continues to have problems generating revenue, it would make it much harder for the network to sell its holdings. Source: X However, interest in ETH remained had remained relatively high. Following the 23rd May approval…

CryptoBlades is a cutting-edge blockchain game that rewards gaming achievements with real-world value. Operating on the Binance Smart Chain, it offers a play-to-earn experience that has captured the gaming community’s attention. Players earn SKILL tokens, a BEP-20 utility token, by slaying monsters and embarking on raids.Developed by Riveted Games, CryptoBlades sets players on quests to obtain and trade formidable weapons and characters, adding depth to the game’s strategy. To participate, gamers need a Binance Smart Chain-compatible digital wallet, like MetaMask, and some BNB to buy SKILL tokens and handle transaction fees, paving the way to potentially lucrative earnings.The game’s popularity…

Coral Finance, a staking protocol dealing with Bitcoin L2, has commenced a unique collaboration. As per the platform, it has recently joined forces with UniPort Network, an interoperability protocol concerning the assets in the Bitcoin ecosystem. The company disclosed the respective partnership on its official account on the social media forum X. We are thrilled to partner with @Uniport_Network, an Omni-Chain Interoperability Protocol for #Bitcoin ecosystem assets.@Coral_Finance is a staking protocol that allows users to stake non-BTC assets and earn leveraged yield.Follow the updates on the partnership🤝.… pic.twitter.com/0MXr1kmHpO — Coral Finance | Coralantis🪸 (@Coral_Finance) June 1, 2024 Coral Finance and…

Litentry, which is itself a TEE-based privacy-preserving identity oracle, has partnered with zkPass, a company specializing in decentralized identity. This integration seeks to transform secure data sharing through conformity using zkPass’s new zkTLS oracle protocol alongside Litentry’s capabilities. 🌐 We’re excited to announce our partnership with @zkPass , leading the way in decentralized identity!​Integrating zkPass’s 3P-TLS and Hybrid ZK technologies with Litentry’s expertise sets new standards for secure, verifiable data sharing.​@zkPass offers innovative solutions… pic.twitter.com/9GXUFv2p3O — Litentry (@litentry) June 1, 2024 zkPass Introduces Innovative Solutions for Secure Data Sharing This partnership shows a progress in improving security and privacy in…

Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $3.82 Billion in Sales In the first week of June 2024, data revealed that the Bitcoin blockchain generated $3.82 billion from NFT sales. Although NFTs on Bitcoin were previously available through technologies like Counterparty, the introduction of Ordinal inscriptions has significantly increased the popularity of BTC-based NFTs, even amid a general decline in the…