Author: Crypto News Live

Las Vegas — NFT Workx, a leading network for tokenizing real-world assets, is teaming up with Unstoppable Domains to unveil the pioneering “.WRKX” domain, marking a significant leap forward in tokenized identity solutions for Real World Assets (RWAs).—NFT Workx specializes in tokenizing physical assets through its eCommerce platform and mobile app, as well as major eCommerce platforms like Shopify and WooCommerce. Every purchase made on the platform results in a unique digital collectible, providing buyers with proof of authenticity and transaction traceability.”.WRKX,” the newly introduced top-level domain (TLD), serves as a tokenized identity solution, offering customer loyalty incentives through assets…

MoonPay, a leading blockchain payments infrastructure firm, has unveiled its new Web3 platform, aimed at enhancing digital experiences for brands interested in the crypto space. This move signifies a significant expansion of MoonPay’s services, offering brands a comprehensive suite of Web3 tools to boost digital engagement.MoonPay’s newly launched Web3 Tools platform integrates innovative features such as crypto payments, authentication, identity verification, ticketing, tokenization, and NFT minting. These tools are developed specifically to provide brands with the necessary resources to create interactive and personalized digital experiences, fostering community building, loyalty, and unlocking new revenue streams.Ivan Soto-Wright, co-founder and CEO of MoonPay,…

ETH’s Fund Market Premium has reached its highest level since November 2021. The coin’s value may witness a brief pullback once buyers’ exhaustion sets in. Ethereum’s [ETH] Fund Market Premium has rallied to a three-year high, according to CryptoQuant’s data. Although the metric has maintained an uptrend since the beginning of May, most of the rally came after the U.S. Securities and Exchange Commission (SEC) approved the eight applications for spot ETH exchange-traded funds (ETFs) on 23rd May. ETH’s Fund Market Premium measures the difference between the coin’s price in spot markets and the price of an Ethereum-based fund or…

Ethereum’s scaling issue is not a new topic of discussion in the crypto realm; this pioneering smart contract blockchain is notorious for high gas fees due to its limited throughput during periods of high activity. One of the main reasons behind the limited scalability is the sequential nature of Ethereum’s runtime environment, the Ethereum Virtual Machine (EVM). To provide some more context, the EVM is designed to operate as a Turing-complete virtual machine, enabling the secure execution of smart contracts on the Ethereum blockchain. While this runtime environment has been efficient and reliable, it processes transactions sequentially. This means that…

In an exclusive interview with BeInCrypto, Devin Finzer, co-founder and CEO of OpenSea, discussed the state of NFTs and the future of the digital marketplace. Amid speculations about the decline of NFTs, Finzer provided a clear vision of continued growth and innovation. The Rise of Gaming and Physically Backed NFTs Finzer highlighted that NFTs are not dead. In fact, gaming and physically backed NFTs are areas of growing interest among market participants. For this reason, OpenSea has partnered with Courtyard on projects involving Pokémon cards and with leading game developers like Parallel and Revolving Games. “We see emerging use cases…

A recent market report by research firm Kaiko noted how Grayscale’s Spot Ethereum ETF could have a negative impact on Ethereum’s (ETH) price. This is based on the firm’s expectations that Grayscale’s Ethereum Trust (ETHE) could follow a similar path to Grayscale’s Bitcoin Trust (GBTC). Ethereum Could Face Significant Selling Pressure From Grayscale’s Outflows Kaiko noted that Ethereum could face significant selling pressure from Grayscale’s ETHE once the Spot Ethereum ETFs begin trading. This is because the fund has been trading at a discount between 6% and 26% over the past three months, with a wave of profit-taking likely to…

The blockchain tracks each and every time you tickle the digital cat. Aptos, a layer-1 blockchain network, logged two consecutive days of huge daily transaction tally gains—and it was all thanks to a “tickle-to-earn” cat game. On Friday, Aptos recorded over 90 million transactions, followed by over 115 million transactions on Saturday, according to data from Aptoscan. Here’s some perspective: On Wednesday, Aptos processed 875,000 transactions, while Ethereum, according to Etherscan, processed just over 1 million transactions. Why has this all happened? Because a Notcoin-esque cat clicker game launched on the network that records every click on-chain. What is Tapos?…

The world fastest-growing fiat-crypto payment gateway, Alchemy Pay announced a new partnership with Kontos to provide zk-powered omnichain infrastructure. This partnership intends to back the chain of Kontos and bring Alchemy Pays On & Off Ramp Solution onto its platform. Excited to partner with @Kontosio, the first user-focused omnichain infrastructure powered by zk!#AlchemyPay has extended support to the Kontos chain and introduce its On & Off- Ramp Solution, enabling global users to easily purchase KUSDT with fiat payments via the #Kontos… pic.twitter.com/T50WvvhFXp — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 27, 2024 Alchemy Pay and Kontos Simplify KUSDT Purchases with…

DeFi protocol Aave plans to launch an “Aave Network” chain after completing its V4 upgrade.Stani Kulechov, the lending protocol’s founder, revealed this in a May 27 social media post, saying:“This is not a drill, Aave Network is planned to come after V4.”While Kulechov failed to provide additional information about the plan, he hinted that the chain could be launched by “next year for sure or earlier.”According to DeFillama data, Aave is the largest lending protocol in the DeFi sector, with the total value of assets locked at $13.2 billion.Aave NetworkEarlier this month, Aave Labs proposed the Aave Network as part…

Bitcoin’s $70K surge seems like a dream as prices and social metrics decline.  Michael Saylor’s optimism clashes with market uncertainties. Amid widespread anticipation, Bitcoin [BTC] surged to $70,000 on the 27th of May, only to retract to $68,101 within 24 hours. This downturn has sparked significant FUD (Fear, Uncertainty, and Doubt), as noted by trader @EmperorBTC in his recent X post.  Source: Emperor/X  This was further confirmed by AMBCrypto’s analysis of Santiment’s data on social volume and dominance, which indicated a decline in both metrics.  Source: Santiment Execs weigh in… Shedding light on the same, crypto analysts Wolf took to…