Author: Crypto News Live

B+J Studios launched its new social rewards program for its online gaming app Cupcake on the Solana blockchain on Tuesday, billing the web-based experience as a fun and engaging potentially entry point into the world of cryptocurrency. Using a feed format similar to TikTok, Cupcake features mini-games inspired by crypto culture and memes and includes games like Would You Rather, Caption This, and Two Truths and a Lie to earn rewards. B+J Studios is billing Cupcake as a “CultureFi” (or “culture finance”) app, following in the footsteps of such trends as GameFi and SocialFi. “Cupcake’s approachable social games create a…

In an ever-evolving world of cryptocurrency markets, deciding the bottom of Bitcoin price correction is an endeavor that attracts interest from both investors and analysts. Joining the fray is cryptocurrency analyst and trader MilkyBull offering insights on the subject, claiming that Bitcoin’s local bottom has developed due to a certain development. Following its weekend recovery out of bear market territory, the price of Bitcoin slightly decreased on Monday. However, MilkyBull is confident that the recent retracement might be the last before BTC turns to move on the upside. Bitcoin Local Bottom Is In According to the expert, given that the…

SEC’s recent actions have raised regulatory concerns. Gensler’s comments highlighted growing uncertainty within the cryptocurrency space. It’s becoming increasingly apparent that the SEC is gearing up to tighten regulations on cryptocurrencies. Legal disputes with numerous crypto firms, from Kraken to Consensys, and most recently Robinhood, underscore this trend. But don’t rely solely on AMBCrypto’s outlook — take a look for yourself. SEC Chair’s bold move  Recently, SEC Chair Gary Gensler expressed his frustration with the “outsized ratio” of crypto-related inquiries compared to traditional finance. Speaking on “Squawk Box,” he highlighted the overwhelming number of questions he receives about cryptocurrency. He…

Layer-1 blockchain Nibiru Chain today announced its strategic expansion into the Asia market by appointing Yura Nam and Nicholas Lo to spearhead growth and business development in the region. Nam is the former Head of StarkNet Asia, while Lo is filled the role of APAC Growth Manager at Yuga Labs. “We’re excited to welcome Yura and Nicholas to the team, bringing their vast expertise and in-depth knowledge of the Asian Web3 ecosystem and markets to strengthen Nibiru’s position in the region even further,” stated Jonathan Chang, COO of Nibiru Chain. “Nicholas and Yura’s combined experience will support Nibiru in incorporating…

DMarket emerged as the top-ranking non-fungible token (NFT) collection on Monday, with a daily sales volume of US$842,038, which represents a 1% uptick from the day prior. The collection had a total of 36,900 transactions, involving 4,304 unique buyers and 3,555 sellers. DMarket is a Mythos-based collection that represents in-game items for popular games like Counter-Strike 2 and Dota 2, both of which feature in top esports competitions. The International 2021, a Dota 2 tournament held in Bucharest, Romania, had a prize pool of US$40 million, the largest in esports history. DMarket’s market-leading daily sales on Monday pushed its historic…

ETH staking has become an increasingly popular way for cryptocurrency holders to earn passive income. In this guide, we will walk you through the process of staking ETH step by step, using StakingFarm, a leading platform for decentralized applications. Let’s dive in!What is ETH Staking?Before we get into the specifics of how to stake ETH, let’s first understand what staking actually means. Staking is the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain. By staking your ETH, you are essentially helping to secure the network and, in return, you receive rewards in the form of additional…

Grayscale makes a U-turn on ETH futures ETF application  Analysts offer divergent views on Grayscale’s move and SEC’s next play.  Grayscale has withdrawn its Ethereum [ETH] futures ETF filing, eliciting mixed signals as analysts struggle to interpret how this could impact the SEC’s next move.   Bloomberg ETF analyst James Seyffart called the application a “Trojan horse” that the exchange could use to sue the SEC if it denied its spot ETH ETF application, as it did in the spot Bitcoin [BTC] case.  Now that Grayscale has withdrawn the filing, the analyst noted,  “Maybe the SEC spoke with Grayscale about this……

Speaking to crypto.news in an interview, Sebastien Borget, co-founder & COO of The Sandbox, discussed the hurdles that web3 gaming faces on the path to mainstream adoption. Web3 is transforming the gaming sector. In what can be seen as a massive shift from traditional gaming platforms, web3 games let players engage deeper with the games in novel and decentralized ways. These games offer players more control & ownership over their in-game assets, such as items, characters, & currencies. Players can trade, sell, or even create their own assets. Major AAA game publishers have already been testing these new waters in…

The recent unimpressive price action of Bitcoin is playing out in the minds of institutional investors, with recent data highlighting their bearish sentiment. This has led to a wave of massive outflows from  Bitcoin investment products, which could negatively impact the flagship crypto.  Bitcoin Investment Products Record $284 Million Of Outflows CoinShares revealed in a blog post that Bitcoin investment funds recorded an outflow of $284 million last week. Most of these outflows are said to have come from the US Spot Bitcoin ETFs, which saw outflows of $156 million last week. CoinShares noted that last week was the first…

The recent appearance of BitNote on the Avalanche C-Chain is a significant foray into blockchain research, given that it is one of the novel technologies. Such a unique and groundbreaking dApp is setting new and different rules for handling personal information and security in motion. It ensures that the user is given an assured way to keep and share critical information, which consists of passwords and confidential notes; the blockchain platform also provides advanced end-to-end encryption directly on the platform. BitNote’s unique approach tackles a common issue that individuals encounter on a daily basis: restriction of disclosure of personal and…