Author: Crypto News Live
ONDO experienced significant trading activity as metrics suggest a further price increase in the short term. The TVL of the protocol also jumped, suggesting reinforced trust for the project. Immediately after the U.S. SEC announced that it had approved eight Ethereum [ETH] spot ETFs, Ondo’s [ONDO] price rallied. Before the approval, the price of the token was $0.92. However, ONDO’s price has increased by 13.26% in the last 24 hours with the token crossing the $1 psychological area. Well, you might be wondering what connection Ondo has with Ethereum such that the impact of the development was intense. AMBCrypto would…
The Ethereum faucets are online platforms that provide a small portion of Ether for free. In the history of Ethereum, these faucets allowed beginners on the network to test transactions and smart contracts for free. Consequently, Ethereum faucets have evolved as the blockchain landscape changes with new protocols and creative apps. It is no longer possible to consider Ethers as one of the basic tools for beginners in this growing environment. After all, they are crucial for promoting new decentralized applications (dApps) and user engagement in broader blockchain communities. This article explores how Ethereum faucets respond and grow within the…
TL;DRFull StoryBefore you yell at us for titling this edition ‘The biggest day in crypto history (maybe ever)‘ — let us say this:It ain’t because of the Ethereum ETF. Not alone at least.Three massive pieces of news broke yesterday, and we’re going to cover them all — starting with the Ethereum Exchange Traded Fund (ETF) approvals.If the headline wasn’t clear enough: it was approved!This means that (once they go live) US investors will be able to buy ETH via the stock market (investors buy ETF shares → the ETF buys Ethereum), giving the purchase of ETH the ‘regulatory green light’…
Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has issued a stark warning regarding the potential market dynamics following the approval of spot Ethereum ETFs. As the market anticipates this new development, Fahrer suggests that the transition might not be smooth for Ethereum. “The Grayscale Ethereum Trust launched in 2017 and accumulated most of its $9 billion dollars worth of ETH well before staking existed. These funds will be unlocked now. Expect a bloodbath. It will accelerate the ETH -> BTC Trade. Hold me to account if I’m wrong. But I doubt it,” Fahrer declared via social…
Did you ever imagine being fully immersed in a cyberpunk saga, pixel by pixel? The concept of a metaverse may be familiar, but the Pixelverse takes this virtual experience back to the nostalgic era of 2D gaming. Kirill Volgin, the visionary behind this creative fusion, redefines immersive gaming within a comprehensive and eye-catching pixelated universe.The Pixelverse isn’t your average throwback to the classics—it’s an intersection where a passionate community, narrative depth, and innovative technology converge. As we dive into the backgrounds of its cyberpunk worlds, anticipate a blend of engaging quests, role-playing elements, and competitive thrills that promise to keep…
Although zero-knowledge (ZK) proofs are often considered complex to set up, Iva Wisher, co-founder of the Layer two platform Prom, argues that the technology’s unparalleled privacy, faster transaction finality, and overall efficiency outweigh any developmental complexity. Wisher, an early adopter of cryptocurrency, acknowledges that the industry is currently working to address usability concerns associated with ZK proofs. The Importance of Dialogue with Regulatory Bodies According to Wisher, the development of intuitive interfaces is one method being employed to ensure ZK technology is “seamlessly integrated and user-friendly.” However, he insists that efforts to simplify will not compromise enhanced privacy, scalability, and…
The U.S. SEC has approved all the applications for ETH spot ETF filed before it. This approval has come with a series of anticipated impacts on the broader cryptocurrency market. In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) approved eight applications for spot Ethereum [ETH] exchange-traded funds (ETFs) on 23rd May. The regulator approved 19b-4 forms for the ETF applications filed by BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. Before this week, it appeared that the SEC was unlikely to approve the Ethereum ETFs due to a lack of communication with…
Imagine an era where gaming transcends the screen, and players wield true ownership over their virtual assets. Welcome to the digital renaissance of Web3 gaming in 2024. As the gaming landscape undergoes its most significant transformation yet, the fusion of blockchain technology with interactive entertainment is redefining what it means to play. This comprehensive guide is your portal to understanding and navigating the intricacies of Web3 gaming. From the evolution of digital play to the potential of blockchain to revolutionize the industry, we’ll examine how Web3 gaming is setting the stage for a new, immersive experience. Unlocking ownership, securing transactions,…
Los Angeles — West Coast hip-hop legends Tha Dogg Pound have announced the release of two exclusive tracks on Gala Music, marking a fusion of music and digital collectibles. —The duo, comprising Daz Dillinger and Kurupt, will drop their latest singles, “Baggin You Up” (featuring Snoop Dogg and October London) and “Finesse” (featuring Snoop Dogg & J. Black, produced by Soopafly), exclusively on Gala Music starting Tuesday, May 21st.This collaboration with Gala Music, the official Web3 partner of Death Row Records, underscores a unique integration of music and blockchain technology.Both tracks will be available initially for holders of the Snoop…
TL;DRFull StoryLet’s cap things off with our third massive piece of good news for the week. Remember on Wednesday morning when we wrote about how “One of the most important bills for crypto (ever) is about to be voted on” (that was literally the title of the piece)? Well, that vote happened.And the bill was passed. As a recap, the bill was called the ‘Financial Innovation and Technology for the 21st Century Act’ (aka ‘FIT21’).The three BIG things it aims to do are:Clarify questions around which agencies have the responsibility to regulate various aspects of the crypto industryCreate consumer protections…
