Author: Crypto News Live

With big tech companies like Google and Meta pumping potentially unwanted AI features into their messaging platforms, there is a growing call for decentralized and encrypted alternatives that don’t rely on the centralized heavyweights. One company that aims to provide this service is Here Not There Labs, creator of the Towns social app and the newly launched River Protocol. River aims to offer an alternative to chat platforms like Slack and Discord, powered by blockchain tech and both customizable and private for creators. “You see a lot of social media products that are decentralized, but you don’t see a lot…

Ethereum was down by more than 3% in the last 24 hours.  Technical indicators looked bearish for ETH, SOL, and BNB. As Ethereum [ETH] ETFs get approved, several speculate that the market will turn bullish. In fact, if the latest data is to be considered, then the possibility of altcoins beginning a rally seems likely. But will top cryptos like ETH, BNB, and Solana [SOL] lead this rally?  Are Altcoins setting up a show? Milkybull, a popular crypto analyst, recently posted a tweet highlighting an interesting development. As per the tweet, altcoins were gearing up for an explosive move. The…

Gelios, the first community-owned decentralized applicaiton (dApp) layer on the Bitcoin network, has partnered with Koi. It is the most advanced and deepstack AI generated highly composable and editable 3D metaverse protocol built on top of Rune protocol. The goals of the strategic partnership are to grow the Gelios ecosystem, create integration between Koi and Gelios that becomes automatic in nature, jointly work on R&D for Layer 2 solutions as well as launch cooperative marketing efforts to drive user acquisition & retention. Gelios x KoiWe’re thrilled to reveal our new collaboration with @Koi_BTC, the first AI-generated, highly composable, editable 3D…

English artist Damien Hirst is under increased scrutiny this week following claims he backdated more than 1,000 pieces of art from his NFT project “The Currency,” The Guardian reported Wednesday. Damian Hirst Under Fire For NFT Project Following Exposé The controversial artist, perhaps best known for works depicting animals preserved in formaldehyde, allegedly misrepresented the actual dates of an estimated 10% of the 10,000 physical paintings from “The Currency,” all of which corresponded to a matching NFT. Launched in 2021 and sold for $2000, Hirst claimed that all of the physical paintings part of the NFT project were made by…

The recent approval of the Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday has sparked speculation on the next price movements for the market’s second-largest cryptocurrency as the trading launch date approaches.  However, significant transfers of Ethereum (ETH) to cryptocurrency exchanges have raised concerns about profit-taking, portfolio rebalancing, and potential market speculation.  Sell-Off Amidst Ethereum ETF Greenlight? According to crypto analyst Ali Martinez, these developments coincide with Ethereum founder Jeffrey Wilke transferring 10,000 ETH, valued at approximately $37.38 million, to the cryptocurrency exchange Kraken.  Furthermore, the surge in Ethereum balances on cryptocurrency exchanges indicates a…

SPACE ID, an all-inclusive identity forum for registration, trade, and management of Web3 domains, has started a new partnership. The company has announced that it is joining forces with BEVM (a BTC layer-2 network with complete compatibility with the Ethereum ecosystem) to introduce the decentralized .bevm identities. The platform disclosed this development on its account on the social media forum X. SPACE ID 🤝 BEVM.bevm domains are now here!! 😌 https://t.co/osxPDMlpad — SPACE ID (@SpaceIDProtocol) May 23, 2024 SPACE ID Discloses Its New Partnership with BEVM to Unveil Decentralized .bevm Identities In its recent X post, SPACE ID brought to…

Mike Winkelmann sank into the sofa as three cameras recorded his meltdown. The dueling identities that had once structured his life were coming into conflict as his fortunes increased by the second. Unseen crypto billionaires were bidding for his soul, or at least it felt that way. His entire artistic career was being auctioned as a compilation of five thousand digital artworks, packaged by the Christie’s auctioneers as a single non-fungible token (NFT). The winner would receive this NFT as an online certificate of ownership, a deed to 14 years inside Winkelmann’s mind. It was surreal watching his own coronation…

Ethereum Classic’s price increased by more than 3% in the last 24 hours. ETC was awaiting its fourth halving, which is scheduled for the 31st of May. All eyes remained on the king of altcoins as the US SEC approved exchange applications to list spot Ethereum [ETH] ETFs. But Ethereum Classic [ETC] silently stole the show as it registered a promising price increase in the last few days. Does this mean a fresh rally for ETC?  Ethereum Classic’s response to ETF approval The US Securities and Exchange Commission (SEC) recently approved ETH ETFs listing on 23rd May. Since then, this…

In a significant development for the blockchain industry, Oasis has announced a partnership with Apillon to enhance the Web3 ecosystem. This collaboration aims to simplify the onboarding process for users and provide robust security measures without compromising the user experience. Together, Oasis and Apillon are setting a new standard in non-custodial private key management by introducing an innovative Oasis Account Abstraction Wallet SDK. This toolkit is designed to be compatible across all EVM chains and beyond, marking a leap forward in blockchain technology accessibility. The challenge of introducing new users to Web3 technologies often involves navigating the complex landscape of…

The Polkadot community has approved the Optimistic Project Funding proposal to support projects that enhance the blockchain network’s ecosystem.The proposal received unanimous approval, backed by over 55 million DOT tokens.Optimistic Project FundingPolkadot aims to attract top developers by providing continuous and dynamic funding for their projects. This proposal allows projects to apply for funding through a referendum, voted on by all token holders.Eligible projects include parachains, decentralized applications, and ecosystem wallets. While there are no strict guidelines on fund usage, community votes may consider the projects’ spending plans.DOT holders also have the option to vote against funding projects they find…