Author: Crypto News Live
Recently, a heated debate has emerged within the Cardano community concerning the centralization implications of its “genesis keys.” Earlier today, Justin Bons, Founder and CIO of Cyber Capital, sparked the discussion with a series of posts on social media platform X, where he highlighted the centralized control these keys afford to Input Output Global (IOG), one of the three organizations responsible for Cardano’s research and development. Bons’ Critique of Cardano’s Centralization Bons’ thread began with a stark assertion that Cardano (ADA) possesses “genesis keys,” a multi-signature setup that controls all protocol rules. He argued that ADA’s claim of being the…
The Chinese arm of professional services company PricewaterhouseCoopers (PwC) has announced a new partnership with technology firm Xalts to explore tokenization and the concept of programmable assets. According to a joint statement, the partnership will see PwC lean on Xalts’ expertise in an attempt to launch its asset management solution. PwC’s in-house technology team will be able to create a bespoke solution to connect off-chain systems with blockchain technology-based solutions using no-code workflows and an extensive smart contract library. “As the velocity of money accelerates with real-time payments and stablecoins and CBDCs, the biggest challenges to wholesale adoption will be…
How much worse could things get? In mid-January, perhaps convinced that the bottom was in, an anonymous NFT trader swept up over 100 Bored Ape Yacht Club NFTs once the collection plummeted to startlingly low prices not seen since 2021. But in crypto—and these days, especially in NFTs—things can always get worse. Since January, the entry-level price for Bored Ape NFTs has nosedived even further, leaving the unlucky trader with millions of dollars in losses, as spotted by pseudonymous crypto trader and influencer Cirrus over the weekend. Over the course of a few weeks in mid-January, the trader used popular…
Astar Network is a multi-chain smart contract platform that supports multiple blockchains and virtual machines (VMs). It has partnered with Sequence, a prominent development platform for web3 integration into games, to launch Astar Studio. This new developer platform is built on the advanced Astar zkEVM and is powered by Sequence technology. Astar Studios is designed to revolutionize web3 project development by providing user-friendly tools. It offers developers control and innovative tools for the creation and management of web3 applications built on robust capabilities of Astar zkEVM, a next-generation zero-knowledge Layer 2 scaling solution. Supercharing web3 gaming and developer growth Astar…
Move-based blockchains are surging in total value locked (TVL) this year, with Sui leaping 233% and Aptos also showing significant growth of 210%, according to data aggregator DefiLlama. Rushi Manche, co-founder of Movement Labs, believes that compatibility with the Ethereum Virtual Machine (EVM) could bolster this growth even more. “I think the biggest issue for new systems is how do you onboard developers and new users and a lot of these next-gen and new VM languages realize that if you don’t have compatibility for EVM, you really limit the amount of growth that you have the first two or three…
TL;DRWe just learned about an odd little product called the Heatbit Mini, which is a heater that warms your room by mining Bitcoin.Full StoryAlright, lets start the week out with a high-fructose story focusing on a crypto product that fits into the category of: ‘Not necessarily a must-have, but very cool.’We just learned about a product called the Heatbit Mini, which is a space heater that warms your room by pumping electricity into a mini Bitcoin mining computer (instead of through high resistance wires).The thinking being: if you’re going to be using the electricity either way — you might as…
Ethereum’s price only moved marginally in the last 24 hours. Market indicators hinted that Ethereum’s bull rally might resume soon. Ethereum [ETH] successfully broke above a bullish falling wedge pattern a few days ago. Since then, the king of altcoins has been on track and has earned investors profit. If the trend lasts, then ETH has a long way to go. Ethereum bulls are slowing down World Of Charts, a popular crypto analyst, recently posted a tweet highlighting how ETH managed to break out of a falling wedge pattern. The token’s price has consolidated inside the pattern since March and…
In past lives, I have been a city planner, a crime boss and a CEO at a thriving crypto exchange. On Telegram, that is. Why I enjoy job cosplay is a question for my therapist. But it’s fascinating how many Web3 games explore these real-life roles. And it’s great the rewards are starting to be worth more bragging rights among your friends. I lost endless amounts of time building my Sims town in the early-2000s, where I grew a small village into a bustling metropolis on my underpowered Windows95 desktop. I had to think through power management and food supply…
Citizen Conflict is back, launching version 5.0 of their alpha and opening the game up to everyone! And not only are they bringing back their airdrop campaign, but they have also adjusted their leaderboards so that the game now features true play and earn opportunities! Citizen Conflict, an FPS with three game modes, 5v5, 3v3v3, and a new, 1v1 game type, opens it’s alpha to the public with a play to airdrop campaign with 300,000 QORPO tokens as rewards! Prizes are now handed out through three different leaderboards, one of which is only for gaming (no purchase or social media…
Base is the blockchain with the most significant monthly and weekly perpetual trading volume growth among the 10 largest chains in total value locked (TVL), according to data aggregator DefiLlama. This weekly jump can be attributed to the recently launched perpetual decentralized exchange (perp DEX) JOJO, which has presented a nearly 75% growth in trading volume for the past seven days. Moreover, JOJO dominated 61% of Base perpetual trading volume over the last 24 hours, surpassing $95 million. Jotaro Kujo, JOJO’s co-founder, shared that there are “quite a lot of real users” trading perpetual contracts. “I believe someone is farming…
