Author: Crypto News Live

Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data.  Inflation Data Comes In Lower Than Expectations The Consumer Price Index (CPI) inflation data was announced on May 15 and came in lower than expected. The CPI rose by 0.3% in April, against forecasts of 0.4%. The CPI data was also lower than those recorded in March and February, when inflation rose by 0.4%. Related Reading Therefore, the latest inflation data suggests that inflation in the US…

Much of the world takes water for granted. And much of the world has so little water that it’s a matter of life and death. So how can we send water from areas of surplus to areas of need? This is the mission of Atlantis, a project devoted to solving issues stemming from climate change, focusing primarily on water. And they’re trying to crack this problem by using blockchain.Irthu Suresh is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31. Atlantis is not just theoretical. Across 50 villages in the region of Chikmagalur, India, Atlantis deployed a…

TL;DRFull StoryYou read it in the title: Oklahoma just became the 12th state in the US to pass a Bitcoin rights bill.Which is huge news! But what the heck is a ‘Bitcoin rights bill’?Here’s what the heck a ‘Bitcoin rights bill’ is:It’s a proposal for a new law that would help make digital freedom and innovation a right, enshrined by law. Specifically, the key ideas in this bill include the absolute right to buy and sell BTC and the freedom to mine BTC.It also supports mining and validation of the BTC blockchain which are crucial processes for the cryptocurrency to…

There have been seven batches of outflows of over 15,000 BTC from Coinbase since February BTC also recorded its highest netflows since December 2023 A recent analysis has identified a consistent pattern of Bitcoin outflows from a specific exchange. These outflows have been observed over several months. This pattern contributed to Bitcoin noting record netflows, with the same coinciding with the king coin climbing to $66,000 on the price charts.  Bitcoin ‘sexchange outflow pattern Recent data from CryptoQuant revealed significant outflows of 16,021 Bitcoin from Coinbase on 15 May. While such an outflow might not immediately raise concerns, further analysis…

Decred (DCR) is a completely open and self-financing crypto project, which was launched on December 15, 2015. Its control system was created on the basis of blockchain. Experts say that this is a hybrid of two principles, PoW/PoS. Thus, the consensus is reached between miners and voters. This project was created with the idea of full and open participation of all comers. This is a cryptocurrency chip and the creators focus on this particular component before the ICO. Decred places the main emphasis on joint autonomous control based on voting and minimizing hard forks, as well as higher network decentralization,…

Somnia has introduced the Metaverse Browser, a streamlined and user-friendly interface designed to make the Metaverse accessible to everyone, from Web3 beginners to experts. This new browser aims to simplify interactions with blockchain DApps and metaverse content, overcoming the challenges posed by existing distribution platforms that need to be Web3-friendly.Addressing Accessibility ChallengesNavigating blockchain DApps and browsing metaverse content can be complex. The Somnia Metaverse Browser is designed to address these issues by offering a simple, intuitive interface that requires no prior Web3 knowledge. This initiative marks a step in Somnia’s mission to onboard more people into the Metaverse and Web3.Source SomniaThe first version of the…

IQ WIKI, the renowned blockchain and cryptocurrency encyclopedia, has announced the integration of IQ GPT Chatbot into MVL Chain. This integration will herald a new era of AI assistance in the crypto and blockchain domain. MVL Chain, a pioneer in leveraging blockchain to revolutionize the vehicle industry, is set to harness the power of IQ GPT Chatbot to enhance connectivity and efficiency within the vehicle ecosystem. We’re pleased to announce that @mvlchain has integrated IQ GPT Chatbot, the world’s leading AI assistant for Crypto & Blockchain. pic.twitter.com/YWTymgzyq0 — IQ.wiki (@IQWIKI) May 14, 2024 IQ WIKI Reshaping Vehicle Connectivity and Data…

Launched in January 2023, the Ordinals Protocol opened the Bitcoin ecosystem up to the craziness of NFTs, enabling users to inscribe data – images, art, videos, and more – to individual Bitcoin denominations known as satoshis. The idea of bringing NFTs to the Bitcoin network might have seemed frivolous to some. Others, though, recognized the significance and heralded Ordinals as a shot in the arm for the Proof-of-Work blockchain. Strong as it was, the digital gold narrative would now be supported by another compelling use-case as bitcoin became more than a deflationary digital currency: now it could double as a…

MetalCore, a free-to-play massive multiplayer online (MMO) combat game led by former developers from Activision, Disney, Lucasfilm, and Midway, has announced a partnership with the universal gaming ecosystem Portal. Studio369, the game development company behind the blockchain-powered PvP shooter, said that Portal is a cross-chain gaming access point that enables users “to consolidate all of their Web3 games, digital assets, and user accounts into a single, easily accessible location.” MetalCore and Portal Focus on Eliminating Onboarding Barriers The Web3 game industry is gaining popularity. However, Studio369 argues, the blockchain onboarding experience still has two major pain points: it’s complex and…

The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. Related Reading This unexpected decline has ignited a debate among analysts, with some sniffing out a fire sale and others urging caution. Source: BitInfoCharts Bitcoin: Hashrate Hiccup Or Miner Exodus? Hashrate, a measure of the combined processing power dedicated to securing the Bitcoin network, typically climbs after a halving event as miners invest in more powerful rigs to compete for the reduced rewards. However, this time around,…