Author: Crypto News Live
In a recent strategic partnership announcement, leading cryptocurrency exchange OKX and blockchain technology company Immutable have joined forces. This collaboration aims to leverage the capabilities of Immutable’s zkEVM solution, providing enhanced features and benefits for gamers and game studios.Immutable zkEVM is a cutting-edge technology built on top of Ethereum’s Virtual Machine (EVM). It combines the security and reliability of Ethereum with improved scalability and low transaction costs. The zkEVM chain is specifically designed for gaming applications, offering game studios the ability to create custom smart contracts for complex gameplay mechanics. With reduced gas fees and enhanced security measures, Immutable zkEVM…
Ethereum’s exchange reserve declined sharply on the 30th of May. Metrics suggested that ETH was in an overbought position. Ethereum [ETH] enthusiasts got excited last week as the king of altcoins’ price once again exceeded $3.9k. However, ETH couldn’t hold its momentum and soon fell from that level. In the meantime, whales took the opportunity to stockpile more ETH. Interest in Ethereum is growing ETH had a rollercoaster ride last week as it managed to go above $3.9k on the 27th of May. But bears arrived soon as its value dropped. It was interesting to note that the ETH ETF…
German banking giant Deutsche Bank AG views blockchain technology as a means to mitigate margin compression. A new report suggests that Deutsche Bank is testing an Ethereum-based platform whose name was not specified. According to the bank, the platform offers services centred around tokenized funds. Tokenization is the process of creating blockchain-based representations of real-world assets. Citigroup Inc. estimates the tokenization market could hit $5 trillion by 2030, covering bonds, property, and private equity. The bank will leverage this platform to offer record-keeping services to help tokenized fund issuers manage investor information. The platform is also interoperable, ensuring that any…
Main Takeaways Relive the thrills of Cristiano Ronaldo’s journey with his latest NFT drop ‘Forever Worldwide: The Road to Saudi Arabia’. Now, you can collect your favorite parts of his football legacy right in your digital collection! With the ‘Collect to Earn’ mechanism and ‘Fastest to Collect’ perk, you can earn yourself exciting benefits and improve your utility’s rarity by being one of the first to collect two or five distinct NFT locations. Getting your hands on the Portugal NFT gives you the opportunity to meet Cristiano Ronaldo in person. Own one by taking part in our auction or ‘Collect…
June’s Ethereum ETF approval speculation shifts focus to Bitcoin’s price dynamics. Pompliano and Saylor anticipate wider crypto adoption from an Ethereum ETF approval. As the Ethereum [ETH] spot Exchange-traded funds ETF’s final approval looms, speculation arises: Will it impact Bitcoin [BTC] positively or negatively? When the SEC approved the rule 19b-4 forms for eight Ether ETF applications, Bitcoin and several other altcoins, including Ethereum, experienced notable declines on the daily charts. Market reacts to BlackRock’s S-1 update Now, as BlackRock has updated its Form S-1, hinting at the possibility of the ETH ETF getting approved in June, everyone’s attention has…
Coin98, a decentralized finance solution offering diverse financial services on several blockchains, has announced an exclusive partnership. As per the platform, it is integrating Skate (a platform to provide unified liquidity) to make the Web3 mechanisms more user-friendly and accessible. The firm revealed this development on its official account on the social media forum X. 🌟Coin98 Super Wallet now integrates @skate_chain – the only universal application layer that empowers apps to run on 1000s of chains with one state.Update #Coin98 Super Wallet and Embrace Skate for #Multichances today! 👉 https://t.co/ZqQsRDmCC8Read more about this… pic.twitter.com/X9Ktsintw8 — Coin98 Super Wallet (@coin98_wallet) May…
TL;DRFull StoryDrake and Kendrick? That’s old news. There’s a new beef in town, and this time it’s happening in the web3 space.Here’s what’s happened so far:A company called Matter Labs has filed trademark applications in nine countries to claim the term “zero-knowledge” as the firm’s exclusive intellectual property.They claim that, because they developed ‘zkSync’ (a product that helps scale Ethereum), they should be able to claim the trademark. Problem is, a lot of companies have used zero-knowledge (ZK) technology. Getting a trademark for ZK tech is akin to getting a trademark on ‘the internet’ because you made a website. Or…
Circle, the company behind USDC, pulled $60 million worth of USDC from circulation on the Ethereum network. Activity on the Ethereum network declined, the number of NFT trades on the network also fell. Ethereum [ETH] witnessed a massive surge in interest over the last few days due to the hype around the Ethereum ETF. USDC gets burned Circle, a company that issues the USDC stablecoin, permanently removed $60 million worth of USDC from circulation. They did this on the Ethereum blockchain network. Circle’s burning of USDC on Ethereum presents a double-edged sword for the network. On the positive side, fewer…
EdgeCloud has recently talked about the significance and availability of Jupyter Notebook in the context of artificial intelligence development. As an open-source web app, Jupyter Notebook allows AI developers to build and share documents containing equations, narrative text, live codes, and visualizations. The app was originally built for machine learning and data analysis. It currently supports 40+ programming languages, such as R, Python, Julia, and more. The Theta team recently released information regarding Jupyter Notebook’s involvement with AI. Only a couple of days ago, the team announced EdgeCloud to revolutionize the AI field. Now, Theta is getting ready to natively…
Ethereum NFT brand Pudgy Penguins has expanded from tokenized profile pictures (PFPs) to plush toys in major retailers and beyond—and next it’ll enter the mobile gaming world via a new collaboration with publisher Mythical Games. Billed as a “AAA” mobile game, the Pudgy Penguins title is set to debut in 2025 on the Mythos Chain, a Polkadot-based gaming network that was spearheaded by Mythical Games. The studio is the developer behind games like NFL Rivals and Blankos Block Party. John Linden, co-founder and CEO at Mythical Games, told Decrypt’s GG that the studio had been talking with Pudgy Penguins CEO…
