Author: Crypto News Live
Dapper Labs, the company behind popular NFT projects such as NBA Top Shot and CryptoKitties, has been making headlines lately. But not for their success in the NFT market, rather for an investigation conducted by the U.S Securities and Exchange Commission (SEC). While the case was closed in September 2023, many are still curious about what exactly happened. In this article, we will dive into the details of the investigation and its implications for Dapper Labs and the NFT market as a whole.The SEC’s “Case Closing Report”A document known as the “Case Closing Report” was obtained by Fortune, revealing the SEC’s…
Bitcoin, Ethereum, and Solana fell significant on the price charts Almost $1 billion worth of positions were liquidated in the last 24 hours Following a surge in its price over the past week, Bitcoin [BTC] recorded a significant correction over the last 24 hours. Over the said period, the cryptocurrency’s price fell by 4.95%, with BTC trading at $67,829.94 at the time of writing. Bitcoin fell on the back of traditional markets tanking owing to the geopolitical uncertainty associated with Iran possibly attacking Israel. Accordingly, both the S&P500 and Nasdaq fell, with the value of traditional safe havens like gold…
Bitcoin price is holding gains above the $69,200 zone. BTC could gain bullish momentum if it clears the $70,800 and $71,250 resistance levels. Bitcoin is attempting another increase above the $70,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $70,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $71,250 resistance zone. Bitcoin Price Eyes Another Increase Bitcoin price attempted more gains above the $70,500 level. However, BTC struggled to…
In a noteworthy advancement within the blockchain realm, OKX, a prominent web3 technology enterprise, has emerged as the latest validator on the Chiliz Chain. This collaboration unfolds a new chapter in blockchain innovation tailored specifically for the sports and entertainment sector. By integrating OKX as a validator, the Chiliz Chain fortifies its governance, security, and scalability, thereby augmenting the development and execution of smart contracts while ensuring robust transaction verification processes. We’re excited to announce @OKX joins Chiliz Chain as validator node. 🌶️Read all about our collaboration here 👇https://t.co/4hGaeiN1hn#ChilizChain ⚡ $CHZ — Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz)…
Tether, the famous company that issues and manages the world’s leading stablecoin (USDT), has launched the so-called Blockchain Education Initiative in the Philippines. Tether and @coinsph Collaborate on #Bitcoin & Blockchain Education Initiative in the Philippines 🇵🇭https://t.co/5Oeult4FTJ — Tether (@Tether_to) April 10, 2024 The initiative is organized in collaboration with the Filipino crypto exchange Coins.ph. The Blockchain Education Initiative, an initiative signed by Tether Tether and the Philippines The comment of the two CEOs The Philippines and cryptocurrencies: Tether drives innovation with the Blockchain Education Initiative The Blockchain Education Initiative, an initiative signed by Tether The Blockchain Education Initiative aims…
TL;DRFull StoryVery rarely do we update the title of this section…But we did so today, because this story should take the lead over all others (and definitely doesn’t fit the title of “This is cool”).Alright, let’s rip the band aid off:Yesterday, the SEC informed Uniswap that it intends to bring an enforcement action against the company.Which may end up being the greatest pressure test ever made on the decentralized economy — but will inevitably end in failure for the SEC and (sadly) for the US as a whole. Cause here’s the thing…There’s “Uniswap, the decentralized trading platform” — where users…
Security concerns around Ethereum were explored by analysts. Activity on the Ethereum network remained high, and interest in NFTs fell. Ethereum [ETH] is known for its reliability and hasn’t faced any major issues. However, questions were raised about the network’s security recently. Looking into the security aspect According to the findings of crypto analyst Christine Kim, Ethereum’s security model poses certain vulnerabilities. Her analysis delves into potential exploits that attackers might employ against Ethereum’s proof-of-stake consensus protocol. It examines scenarios such as reorganizations and finality delays, particularly concerning attackers with varying proportions of the total staked ether. A key insight…
Anime-inspired role-playing game Kaidro has already made waves on Ethereum scaling network Ronin since announcing its plans to migrate in February. A buzzy free mint in March saw nearly 350,000 free NFTs claimed by Ronin wallets, while Kaidro’s first premium mint on Ronin this week sold out some 9,999 Spark Suit NFTs—with 2,400 of those going in a public sale in just 10 seconds—generating $2 million in the process and pushing Kaidro to become the third most-traded collection on the Mavis Market. Kaidro planned to launch on one of Immutable’s gaming-centric Ethereum scaling networks, as originally announced last year. However,…
According to statistics from OpenSea, there have been zero transactions in the last seven days. The second edition of Trump’s digital trading has done better than the first. Even though Donald Trump seems to have warmed up to cryptocurrencies and bitcoin after releasing his initial set of digital trading card NFTs in late 2022, demand for the NFTs has undoubtedly waned. Trading volumes for NFTs have been rather steady in recent months, according to The Block Data Dashboard, while they are still low compared to the 2021 bull run. Disastrous Performance According to statistics from OpenSea, there has been zero…
VC Tim Draper predicts $250K per BTC by the end of 2024. Draper cites the changing political scene and halving event, but Arthur Hayes disagrees. American venture capitalist (VC) investor Tim Draper expects a 3.5X rise for Bitcoin [BTC] by the end of the year. In a recent interview, the VC predicted that Bitcoin could hit $250K by the end of 2024. “Maybe by the end of this year, if I had to predict, $250K by the end of this year. It is looking pretty good.” This projection implies a significant 3.5X increase from the current price of around $70K,…
