Author: Crypto News Live
During the Town Hall meeting at Otherside, it was announced that Yuga Labs has partnered with Improbable, a technology company that specializes in developing virtual world infrastructure. As part of this collaboration, Otherside will be migrated onto Improbable’s MSquared network. This move is generating a lot of excitement within the community due to the potential benefits it could bring.What is Otherside?Otherside is a metaverse, a shared virtual space where players can own land, engage in collaborative experiences, and participate in a dynamic narrative. It was created by Yuga Labs, the creators of the popular NFT collection Bored Ape Yacht Club.The Otherside…
Ostium Labs, a pioneering firm in trading infrastructure development, has recently announced a significant enhancement to their platform with the integration of Chainlink Data Streams. This integration marks a strategic move to provide high-fidelity, automated trading solutions across a vast array of assets, from traditional commodities and indices to a comprehensive range of cryptocurrencies. Leveraging Chainlink for Precision and Reliability At the heart of this integration is the need for precise, real-time data that can support the complex requirements of high-speed, leveraged trading environments. Ostium Labs has chosen Chainlink Data Streams & Automation 2.0 for its ability to provide sub-second…
Payal Shah, renowned jeweler to the stars and a prominent figure in Hong Kong’s art and tech spheres, is on a mission to democratize the digital space, particularly for women. As the founder of L’Dezen, a pioneering jewelry brand that seamlessly merges physical luxury with digital innovation, Shah has been at the forefront of incorporating non-fungible tokens (NFTs) into her creations, allowing customers to own both physical pieces and their digital counterparts.—With over 115,000 followers on Instagram, Shah’s influence extends beyond the realm of jewelry into the world of technology. In a recent interview with South China Morning Post, she…
TL;DRAfter the Fed kept interest rates steady, the crypto market went on a spending spree, pushing BTC from $56.5k to $59k, ETH $2.8k to $3k, and SOL $118 to $136.Full Story“Here’s to hoping that as you read this, the price is sky rocketing as market players take the opportunity to buy up BTC at a discount.”That’s how we finished this section in yesterday’s edition.Famous last words. Around the time we published, Bitcoin hadn’t skyrocketed, but instead dipped to $56.5k (down from $60k).Good news is:That gap was mostly covered a few hours later, when Federal Reserve chair Jerome Powell hit replay…
ETH briefly broke support and traded at a low of $2852 on the 1st of May. Its Futures Open Interest declined considerably since the 10th of April. Ethereum [ETH] recently crossed below its 20-day simple moving average (SMA), putting it at risk of a further decline in the short term. When an asset’s price falls below its 20-day SMA, it suggests that the short-term trend for the asset is downward. Market participants often view this as a sign that sellers are in control and that the asset’s price will likely continue declining. Readings from ETH’s price movement on a 1-day…
Bitcoin has dropped below the $60,000 price range. More long positions have been liquidated in the last 48 hours. The recent downturn in Bitcoin’s [BTC] price has left traders in long positions vulnerable. With BTC’s price declining further and crossing critical thresholds, many holders are liquidating their positions. Bitcoin sees over $100 million in liquidations According to data from Crypto Rank, the cryptocurrency market experienced liquidations totaling over $464 million on the 1st of May, and Bitcoin accounted for over $136 million of this outflow. AMBCrypto’s analysis of the Bitcoin liquidation chart on Coinglass indicated that long positions bore the…
In an exciting collaboration, Xai Foundation and Nirvana Cloud have launched Xai RPC nodes on Nirvana’s global bare metal cloud, marking a significant milestone in the advancement of Web3 gaming infrastructure.—Xai Foundation, renowned for its innovative approach to blockchain gaming, announced the deployment of mainnet RPC nodes on Nirvana Cloud. These nodes, available via Nirvana Labs’ developer platform, are strategically positioned across five global regions to ensure maximum uptime, minimal latency, and optimal cost-effectiveness for developers utilizing the Xai blockchain.Soby, a core contributor to Xai, commented on today’s news: “This collaboration ensures that game developers building on Xai have access…
Bitcoin (BTC) has been battered by a relentless bear market over the past month, with its price tumbling 20% from its record highs. However, amidst the carnage, glimmers of hope emerge as prominent analysts predict a potential bottom forming around the current $57,000 mark. Tough Opening Month For Bitcoin The start of May has not been kind to Bitcoin. The once-dominant cryptocurrency has seen a steady decline, plunging back to levels last witnessed in March before its monumental surge to $73,700. This recent price drop represents the most significant decline of this cycle, raising concerns about a prolonged bear market.…
Founders of rabbit r1, a supposed competitor to the smartphone, are also behind the launch of a failed NFT project that they’re reportedly hiding from the web. The $200 rabbit r1 was created by CEO Jesse Lyu and billed as the ‘future of human-machine interface.’ However, its sleek design and funky scrolling weren’t enough to woo techies and the device was roundly criticized on release. Now rabbit r1’s negative reception has brought attention to Lyu’s prior work on a failed NFT project called Gama. Lyu was CEO of Gama’s parent company, Cyber Manufacture Co., before it rebranded to rabbit Inc.…
Blast, a Layer-2 scaling solution developed by the team behind Blur, offers numerous benefits for NFT enthusiasts and gamers.Key Features of BlastOne of the key features of Blast is its ability to reduce gas fees on the Ethereum network. This means lower expenses for NFT trading, minting, and in-game transactions, making it more accessible for creators and collectors alike. Additionally, Blast’s lightning-fast transaction confirmation times provide a smoother experience for users, eliminating long wait times and potential delays.While many Layer-2 solutions offer scalability and faster speeds, Blast takes it a step further by introducing a unique feature – the ability to earn rewards simply by…
