Author: Crypto News Live
The famous decentralized protocol AltLayer has recently started a collaboration. As per the company, it has joined forces with Inco, a worldwide confidentiality layer concerning Web3, to integrate exclusive confidential service for rollups. On its official account on the social media platform X, the company provided an overview of the partnership. Confidential service integration for rollups is now here, thanks to our partnership with @inconetwork!Their Universal Confidential Computing Layer tech enables a variety of new dApps that require computing over confidential and private data. More⬇️ https://t.co/xB07ZZjlRm pic.twitter.com/8oivUZnuiq — AltLayer (@alt_layer) May 1, 2024 Altlayer’s Partnership with Inco Integrates Confidentiality Layer…
Blast overtook Ethereum in terms of NFT volume While ETH’s price fell, network growth and velocity grew significantly on the charts Ethereum [ETH] has largely been dominant in most sectors across the crypto-space. On a certain front, however, it would seem that the tides have shifted in favor of the Blast network. NFTs on full Blast Recent data suggests that over the last 24 hours, Blast NFT collections like PAC REKT, Blastopians, and Plutocrats have collectively generated more volume than the entire Ethereum NFT market across all exchanges. Source: X Now, even though Blast outperformed Ethereum in terms of NFT…
The Bitcoin price made a strong comeback on Friday after witnessing a significant amount of bearish pressure throughout the past week. On Wednesday, May 1, the premier cryptocurrency fell below the $60,000 mark for the first time in almost two months. On Friday, May 3, the price of BTC recovered above the $60,000 level, going as high as $63,000 in the past day. However, the question is – can the Bitcoin price enjoy a sustained rally following this latest resurgence? How Long Will The BTC Price Rally Last? In a recent post on the X platform, Santiment pointed to a…
The Build on Bitcoin (BOB) project announced the launch of its first phase on Wednesday, enabling decentralized apps—dapps—to interact with the world’s top blockchain. The BOB mainnet is coming online with $300 million in total value locked (TVL) and over 40 dapps already available, the team said on Twitter, declaring “a Bitcoin-driven DeFi summer” with more to come in the next three weeks. Build on Bitcoin is intended to be a hybrid layer-2 network that merges Bitcoin’s global adoption, liquidity, and proof-of-work security with the decentralized finance (DeFi) features of Ethereum: smart contracts, wallets, and access to stablecoins. In March,…
Senators Warren and King believe Iran’s crypto mining profits pose national security concerns Arkansas lawmakers passed a bill regulating crypto mining With Bitcoin’s halving well behind the industry right now, all eyes are now fixed on miners and the ripple effects on crypto mining worldwide. At the forefront of this discussion stands Iran, a country that has a history of facilitating mining services and has used crypto-mining to evade global sanctions. According to U.S Senators Elizabeth Warren and Angus King, “Iran has raised millions of dollars through mining crypto.” Senators’ letter highlights concerns In a joint letter written by Warren…
TL;DR‘Commodities’ are things (e.g. oil, gold, wheat), while ‘securities’ are shares in common enterprises (i.e. companies), the SEC thinks ETH is a security.Full StoryHow about some light reading on securities law to kickstart your Friday morning?We’re going to cover the legal arguments from both sides, as simply as we know how.Ok, ready? Good, let’s go!Understanding the argument:‘Commodities’ are things (e.g. oil, gold, wheat), while ‘securities’ are shares in common enterprises (i.e. companies).The argument made by the SEC essentially claims that: ETH tokens represent shares in the ‘common enterprise’ (company) that is the Ethereum Network, where buyers expect a profit to be produced,…
Blockchain gaming is received with excitement by 46% of traditional PC gamers, according to a survey by Web3 PC games distribution platform Ultra. This signs a possible shift in how traditional gamers perceive the blockchain gaming industry, something that Don Norbury, Head of Studio at Shrapnel, discussed with Crypto Briefing. Norbury said that during this year’s edition of the Game Developers Conference (GDC), he could witness this shift in the gaming community after attending the event for the third time as a Shrapnel team member, adding that he uses GDC “as a measuring stick for sentiment in the game development…
Arthur Hayes is predicting a slow upward trend for Bitcoin after hitting a local bottom Bitcoin’s value will stabilize between $60,000 and $70,000 until August, he added The last few weeks have been difficult for the crypto-market, with the same marked by a sharp decline in Bitcoin’s value. From a peak of $73,000 in March, Bitcoin has tumbled by over 19%, with a notable 7.8% drop in the past week alone. This steep decline has left investors and market watchers searching for signs of stability and potential recovery paths. Exec weighs In: A turnaround on the horizon? However, Arthur Hayes,…
Eigenlayer, the star project in Ethereum Restaking, is set to open its airdrop for collection on May 10th. BingX Exchange will promptly list Eigenlayer’s token $EIGEN, allowing users to trade it right away.Eigenlayer stands out as the largest Restaking project on Ethereum in 2024. Although Bitcoin price is down recently, the listing of $EIGEN will benefit Ethereum price. Unlike other Restaking projects, Eigenlayer offers higher security and better compatibility, enabling various public chains to share Ethereum’s secure nodes. The benefits include:New public chain projects can share security without the need to incur substantial costs in setting up nodes.Users wishing to…
Crypto expert Michaël van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto’s favor. In line with this, he urged Bitcoin investors to take action with a parabolic surge on the horizon. An Imminent Quantitative Easing Would Be Good For Bitcoin Van de Poppe suggested in an X (formerly Twitter) post that Bitcoin will rise on the back of a Quantitative Easing (QE), which he anticipates is “close.” He noted that the Fed has already started to “unwind Treasury buybacks and is reducing QT [Quantitative…
