Author: Crypto News Live
Rumble Kong League, an upcoming NFT-driven basketball game built on the Avalanche blockchain, announced a collaboration with leading sports drink brand Gatorade on Monday. The deal makes Gatorade the official sports drink partner of the Rumble Kong League brand, and will be represented through various in-game integrations in the upcoming title. Gatorade parent company PepsiCo confirmed the collaboration to Decrypt’s GG, and the official Gatorade brand account on Twitter also retweeted the announcement. Gatorade’s integration will begin with the addition of the “G-Machine,” a vending machine that lets players unlock digital collectibles—including wearable items—using G-Coins earned for completing quests. The…
Bitcoin dominance and a technical indicator suggested it might be time for swing traders to look at altcoins. Relative strength against BTC is an important factor alongside long-term support zones to gauge underperforming altcoins. Bitcoin [BTC] was trading inside a range within a range. With a short-term bearish bias, Bitcoin and the rest of the crypto market were not attractive to long-term investors. The market could take a few weeks to consolidate, especially considering the massive gains in the months leading to the halving. This might present a buying opportunity for altcoins that showed strength. Examining the recent BTC reset…
A recent announcement by Footprint Analytics, a trailblazer in blockchain data solutions, marks a pivotal moment, with the firm forging a partnership with Core Chain, an avant-garde Layer 1 blockchain platform powered by Bitcoin. This alliance promises to meld advanced data analytics with robust blockchain infrastructure, setting the stage for transformative enhancements across the blockchain ecosystem. Pioneering Integration: Core Chain’s Blockchain Innovation Core Chain emerges as a cornerstone in this partnership, distinguished by its integration with Bitcoin’s security protocols and its compatibility with Ethereum Virtual Machine (EVM). This fusion not only underscores Core Chain’s commitment to security via Bitcoin’s mining…
TL;DRFull StoryLet’s cap things off with a quick explainer on Bitcoin hash rates. Why? Cause while it might seem like a small and simple thing, BTC hash rates can tell us a lot about the state of mining operations. So what are BTC hash rates?The hash rate is the amount of computational power used to mine a block. (I.e. solve a bunch of complicated equations, process a bunch of BTC transactions, and get rewarded in BTC for doing so).Each guess submitted by computers on the network is measured, and the hash rate is the number of guesses that are happening…
Franklin Templeton lists ETH ETF (EZET) on the DTCC website. However, May approval odds by the US SEC are still low. The Ethereum [ETH] community got excited after Franklin Templeton Investments’ spot ETH ETF was listed on the DTCC website. The DTCC (Depository Trust and Clearing Corporation) is a key settlement organization for institutional trades and securities in the US. So, it’s a great step for Franklin’s Ethereum TR Ethereum [EZET] to be listed on DTCC. Source: DTCC However, the US SEC has the final say on approval. Unfortunately, the SEC hasn’t granted Franklin Templeton such a green light. Delay…
In a recent analysis, veteran trader Peter Brandt delved into the price behavior of Bitcoin, suggesting that the cryptocurrency might have reached its peak for the current cycle. According to Brandt, Bitcoin is exhibiting signs of “Exponential Decay,” indicating a weakening in the momentum of its bull market cycles over the years. “Does history make a case that Bitcoin has topped? It’s called Exponential Decay — and it describes Bitcoin,” Brandt wrote. He further explained, “The fact is that the bull market cycles in Bitcoin have lost a tremendous amount of thrust over the years… I don’t like the Exponential…
In a significant move to enhance understanding and promote responsible innovation within the Web3 space, Hedera, in partnership with the Blockchain Foundation, has announced the launch of an Education Learning Briefing Series. This initiative, designed to explore critical aspects of responsible innovation, is set to unfold across several U.S. cities including Washington, DC; Boston, MA; Columbus, OH; and Anaheim, CA. The series will emphasize the interconnectedness of the burgeoning Web3 ecosystem with traditional financial systems, aiming to highlight the collaborative efforts needed to foster a secure and prosperous digital future. This educational endeavor aligns with the goals of the bipartisan…
Yuga Labs, founded in early 2021, made a name for itself in the crypto space with its popular Bored Ape Yacht Club NFT project on Ethereum. The company quickly gained recognition and saw a peak valuation of $4 billion during a $450 million funding round in 2022, where the cheapest Bored Apes were valued at over 100 Ether (approximately $400,000 at that time). Riding high on its success, Yuga Labs expanded its reach by launching new NFT collections, developing a token, selling Bored Ape-themed merchandise, entering the metaverse market with Otherside, and acquiring rights to other prominent NFT collections like CryptoPunks and Moonbirds.Restructuring…
Developers were in two minds about 3074 EIP in Ethereum’s recent developers call. Price of ETH plummeted, on-chain metrics remained positive. Ethereum’s [ETH] latest Dencun upgrade was a success that helped many L2 solutions reduce fees to extremely low levels. After this upgrade, the Ethereum developers set their sights on their upcoming upgrade, Prague, on their recent call. New developments Ethereum’s Pectra upgrade, expected in late 2024 or early 2025, is expected to bring new features to crypto wallets, enhancing user experience. Ethereum Improvement Proposal (EIP) 3074, enables regular crypto wallets to function like smart contracts. One key aspect of EIP-3074…
Web3 gaming startup GFAL has closed a $3.2 million seed funding round with investors including Supercell and Mitch Lasky. This builds on $4.4 million GFAL raised in 2023 from token presales. According to the announcement, the funding will expand GFAL’s team and accelerate production plans, building on the soft launch of the mobile game Elemental Raiders in March 2023. “We are incredibly grateful for the confidence that Supercell, Mitch, and Heinrich have placed in GFAL,” said Manel Sort, CEO of GFAL. “Working on a project alongside Trip and Ilkka, with whom I shared many thrilling and successful years at Digital…
