Author: Crypto News Live

As an inaugural step in a newly-announced collaboration, Nuklai will provide DePINs on peaq with machine learning as well as data processing and monetization capabilities, with Farmsent, a global Web3 marketplace for farmers and consumer-facing businesses, being the first one in line. Nuklai joins peaq’s AI ecosystem for better DePIN monetization Per the official statement from the team, peaq, the pioneering L1 blockchain for DePIN and Machine RWAs (real-world assets), welcomes a new member of its ecosystem as Nuklai joins to unlock AI and data monetization for DePINs building on peaq. To grasp the potential of @peaqnetwork, we need to…

Between May 10 and May 17, non-fungible token (NFT) sales totaled $150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In February, from Feb. 17 to Feb. 24, NFT sales reached $306 million. Although cryptocurrency prices climbed in March, NFT sales experienced a decline, with April figures equally underwhelming. May follows this trend, as last week’s digital collectible sales dropped by 13%, and this week saw a further…

New data indicated that the likelihood of approval of Ethereum ETFs was relatively high. Ethereum lost market share to Solana, however, the price of ETH continued to surge. Ethereum [ETH] has been under a lot of heat due to the rising speculations around the dismissal of the approval of Ethereum ETFs. Uncertainty around ETFs While there is uncertainty regarding timely approval due to the SEC’s silence, it’s a matter of when, not if, a U.S. spot ETH ETF will be approved, according to Coinbase’s data. However, potential justifications for disapproval may stem from differences between Ethereum and Bitcoin [BTC], particularly…

Today, SubQuery has announced its support for Reef Chain. Reef Chain is a high-speed, scalable EVM-compatible blockchain architecture for DeFi, NFT, and gaming. Reef Chain is formulated by the Substrate Framework, featuring on-chain governance and near-zero transaction costs, intending to avoid wasteful mining for the union of consensus. A new chain has just been integrated into the SubQuery Network.Say hello to @Reef_Chain, the L1 DeFi, NFT and gaming platform built using Substrate Framework.Find out more about our newest addition ⤵️ https://t.co/49oebvUTwW pic.twitter.com/aMZy5xIx7c — SubQuery (@SubQueryNetwork) May 16, 2024 SubQuery Empowers Reef Chain Developers with Efficient Data Indexing By incorporating SubQuery’s…

One of the most recent and significant developments is the announcement that Google Cloud has been added as a super representative candidate on the Tron blockchain. This move represents an important step forward for Tron and for the entire cryptocurrency ecosystem, highlighting the growing importance of collaboration between tech giants and decentralized blockchain platforms. Google Cloud: a new Super Representative candidate in Tron’s blockchain Implications of Collaboration Conclusion Google Cloud: a new Super Representative candidate in Tron’s blockchain Tron is one of the most well-known blockchain platforms in the world, founded by Justin Sun in 2017. Its mission is to…

ETH wants to break above resistance. The bulls supported the coin’s uptrend with a number of markers spotted on a daily chart.  Leading altcoin Ethereum [ETH] is poised to breach the upper line of its descending channel, suggesting a decline in selling pressure. At $3,100 at press time, the coin’s value has risen by almost 10% in the last week, according to CoinMarketCap. This growth mirrored the uptick in the general crypto market in the last seven days. According to CoinGecko, global cryptocurrency market capitalization has surged by 9% during that period. Will ETH make it? A descending channel is…

Interest in Bitcoin NFTs declined significantly over the last few days. Miner revenue fell, and hashrates declined. Bitcoin [BTC] witnessed a massive surge in price over the last few days, causing it to jump past the $65,000 mark. However, the same growth wasn’t observed on the Bitcoin network. Taking a look at the NFT space According to recent data from CryptoSlam, interest in the NFT sector was slowly waning. Notably, sales volume for Bitcoin NFTs fell by 17% over the last 24 hours. Popular Bitcoin NFT collections such as BONE and JIGO witnessed a massive decline in both floor value…

El Salvador took a decisive step into tokenization on Tuesday, unveiling national investment opportunities based on Bitcoin infrastructure. El Salvador Bitcoin: Investing in Development The nation’s National Bitcoin Office launched its blockchain-based capital raise on the Liquid network. Bitcoin-based capital markets have officially launched in El Salvador, the first country to adopt Bitcoin. Well done to the ONBTC and @BFXSecurities on this historic milestone! https://t.co/6SCPvjiunx — Liquid Network 🌊 (@Liquid_BTC) May 15, 2024 Liquid is a Bitcoin sidechain managed by Blockstream and a federation of 65 Bitcoin-centric companies globally. Utilizing BTC as its native asset, the blockchain facilitates faster, cheaper,…

U.S. Bitcoin ETFs saw massive demand from investment firms in Q1 Off-chain transactions linked to BTC ETFs have raised eyebrows, but they are part of the ‘cash redemption’ feature.  Large institutions jumped on the Bitcoin [BTC] ETFs trend in Q1, with holdings worth $10.7 billion, according to an analysis by Bitwise CIO Matt Hougan. Hougan’s data showed that 944 firms with AUM (assets under management) over $100 million revealed holdings in U.S. spot BTC ETFs.   Even hedge fund (HF) firms like Steven Cohen’s Point72 Asset Management, Citadel Advisors, Millennium Management, and Elliot Investment Management jumped on the BTC ETF bandwagon.…

Peaq, a layer 1 blockchain, has become a participant in the Mastercard Start Path program. Representatives of peaq, a layer 1 blockchain for decentralized physical infrastructure networks (DePIN) and machine real-world-assets (RWAs), told crypto.news that the payment giant’s program is designed to support promising advanced-stage projects in various fintech and web3 verticals. With the help of Mastercard, peaq will explore many promising implementations linking the DePIN sector and the world of traditional finance (tradfi) and fintech. The program also helps projects expand their ecosystem with new opportunities to secure strategic partnerships, build communities, raise funds, and more. Sabrina Tharani, SVP…