Author: Crypto News Live
Parisian haute couture house Maison Margiela is bringing together the physical and digital realms with its new MetaTABI Collection, an NFT that combines token-gated product experiences with the brand’s iconic split-toe shoe. The launch, in collaboration with digital fashion house The Fabricant, is “metaphorically, a huge step,” Maison Margiela Chairman Stefano Rosso said during a livestream with Rug Radio creator Stephy Fung. Using the brand’s Tabi shoe for its first step into Web3 was, Rosso said, “just so special in so many different ways—the symbol of our Maison linked to a unique footprint into this amazing new environment that is…
The crypto markets have been bleeding red in recent days, a stumble ahead of the Bitcoin halving currently expected on late Friday—but gaming tokens have taken some of the hardest hits, with some notable tokens down by more than 30% and hitting all-time low prices. The price of BTC is down by over 12% this week, falling to around $61,500 as of this writing after being above $71,000 earlier this week. And Ethereum has fallen by almost 15% over the last week, currently at just $3,000. Many major tokens have marked even more substantial drops this week, with Solana plunging…
Bitcoin’s recent volatility sparks debate over its investment potential. The impact of halving on revenue underscores the need for efficient resource management. As the Bitcoin [BTC] halving countdown begins, hearts are all pumped to see what happens next. Needless to say, despite each cycle being its own unique beast, the fourth halving seems to be mirroring some familiar patterns of the past. According to CoinMarketCap, the leading cryptocurrency is flashing all red in its daily and weekly price charts, which is usually observed before the halving event. What’s behind Bitcoin’s volatility? Shedding light on Bitcoin’s recent volatility, Anthony Pompliano, Pomp…
The developer stack that powers Cosmos-based blockchains suits the needs of many protocols developed currently, according to Marko Baricevic. The Ethereum layer-2 blockchain narrative could benefit the modularity work of projects built with the Cosmos software development kit (SDK), says Marko Baricevic, product lead of the Cosmos SDK at Binary Builders. As rollups use Cosmos SDK-based structures like Celestia for data availability, Cosmos might be propelled again into the limelight. “Our approach has never been saying we are better, we try not to compare ourselves,” stated Baricevic. “In the Cosmos stack vision, we are working towards taking advantage of the…
As the US economy grapples with rising inflation expectations and scaled-back forecasts for Federal Reserve rate cuts, the Bitcoin market remains buoyant, according to a detailed analysis by Reflexivity Research. With the US CPI headline inflation projected to accelerate to 4.8% by the November 2024 elections, according to Bank of America, conditions are seemingly unfavorable for a loosening of monetary policy. Despite this, the cryptocurrency sector, particularly Bitcoin, appears insulated and optimistic. Bitcoin Unfazed By Delayed Rate Cuts? The bond market now anticipates only three Federal Reserve rate cuts this year, a significant reduction from the earlier forecast of six.…
TL;DRFull StoryRemember yesterday when we got all giddy about Web2 companies partnering with crypto projects once again?Well, when it rains, it pours…ByteDance, TikTok’s parent company just announced a move into Web3!According to CoinTelegraph:“In a statement on April 17, BytePlus [the enterprise technology arm of ByteDance] explained how it plans to use its existing knowledge and experience in artificial intelligence (AI) and data warehousing to empower the Sui ecosystem, with a particular focus on Web3 gaming and SocialFi projects.”…cool. What the hell does that all mean? It’s vague, but here’s how we’re reading it — if you want to: A) Store…
Ethereum loses more ground on Bitcoin in NFT volume. Apecoin continues to decline. Ethereum [ETH] remains prominent in the NFT conversation; however, recent data indicates a reduction in its dominance. ApeCoin [APE], the ecosystem token associated with Bored Ape Yacht Club (BAYC) – an Ethereum-based NFT collection – has experienced a decline in relevance, mirroring the recent downturn in BAYC’s floor price. Ethereum NFT volume continues to slide down NFTs were primarily associated with Ethereum in the past, given the multitude of projects hosted on the platform. However, the emergence of alternative platforms has disrupted this monopoly. In recent months,…
Yuga Labs, the startup behind the Creator of Bored Ape Yacht Club (BAYC), has sold two of its gaming IPs to Web3 gaming studio Faraway—a development team that has been working closely with Yuga since last year. Both HV-MTL and Legends of the Mara have been acquired by Faraway, along with associated NFT collections. Faraway is also adding Yuga Labs’ Chief Gaming Officer Spencer Tucker as its new Chief Product Officer to help maintain continuity as the games continue on under a new company. As a result, Yuga Labs now has two gaming properties remaining in-house: The ApeCoin-powered metaverse gaming…
Yuga Labs has recently sold two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. The aim of this strategic move by Yuga Labs is to focus its efforts on the development of its two major projects, Otherside and Dookey Dash.Faraway has a strong team of over 100 skilled professionals and is backed by key investors such as Lightspeed, Sequoia, and Andreessen Horowitz (a16z), is well-equipped to take these IPs to new heights. The acquisition marks a significant milestone for Faraway as it integrates these properties into its existing ecosystem…
Bitcoin holders were still profitable, which threatened more selling pressure should the market uncertainty continue. The MVRV ratio’s predicted dip could take Bitcoin prices below the key $59k support level Bitcoin [BTC] saw its demand slow down in April. Demand growth and ETF inflows were down, although on a month-to-date basis, the BTC ETF inflows stood at an impressive $555 million. The lack of movement in BTC brought doubt to investors’ minds. Last week’s dip saw $84 million flow out of U.S. spot Bitcoin ETFs. This saw a 22% drop in assets under management (AUM) of Bitcoin-linked funds. Two on-chain…
