Author: Crypto News Live
Web3 venture capital firm Animoca Brands has announced a partnership with Imaginary Ones, a Singapore-based NFT project. According to a press release shared with Crypto.news, the NFT project plans to leverage Animoca’s expertise and resources to strengthen its tokenomics. The venture capital firm will also help Imaginary Ones with its “go-to-market strategy,” the release added. “Animoca Brands’ support will fast-track our plans in the three areas of utility, coins and development, which will help to unify Web2 and Web3 worlds and build on our promise that if you can imagine it, we can build it,” said Clement Chia, co-founder of…
Amid the renewed strength recently displayed by Bitcoin, Michael Van De Poppe, a recognized cryptocurrency analyst and trader has offered an intriguing prediction for BTC, highlighting that the crypto asset is likely to reach the $300,000 threshold in this bull cycle. Bitcoin Price Targetted At Unprecedented Heights This Cycle Over the past month, the price of Bitcoin has been consolidating and hasn’t been able to sustain its rise beyond its new peak of $73,000. However, things could soon be changing, as Michael Van De Poppe expects the coin to surge immensely in the short term. His forecast coincides with anticipation…
In March, the Swedish tax authority, Skatteverket, announced a comprehensive ruling on the Value-Added Tax (VAT) treatment of NFTs. This decision responds to the increasing economic significance and interest in NFTs within the digital domain. The statement outlines that the general 25 percent standard tax rate applies for NFTs associated with digital works.According to the authority’s ruling, an NFT connected to a digital work generally consists of two main parts: first, the ownership rights of the digital work linked to the NFT, and second, the NFT itself, which is essentially the record of this ownership on the blockchain. Occasionally, a third aspect…
At the Hong Kong Web3 Gaming Expo, Ordz Games unveiled their latest invention, the BitBoy One. This handheld gaming device merges traditional gaming nostalgia with blockchain technology, enabling players to earn Bitcoin during gameplay. Ordz Games plans to showcase the device at Paris Blockchain Week on April 11th, introducing it to a broader audience.The Birth of BitBoyInspired by the iconic 1989 Nintendo Game Boy, the BitBoy One combines retro-style gaming with Web3 technology. Its vibrant translucent orange casing pays homage to its predecessor, but the BitBoy One is more than just a throwback – it could be a glimpse into the future of…
Amidst renewed criticism directed towards Cardano, Charles Hoskinson, who is Co-Founder and CEO of IOG, took to social media platform X on April 7 to express his unwavering confidence in the project’s future. While acknowledging the current chatter around Cardano, Hoskinson remains unfazed, highlighting several aspects he believes will secure the network’s long-term success. Hoskinson emphasizes Cardano’s advantages, noting its emphasis on scalability, governance, and innovation. He underscores their unique path in each of these areas and expresses confidence in the superiority of their solutions. Furthermore, he singles out Cardano’s dedicated community as a key driver of success, an asset…
BTC was up by more than 1.8% in the last 24 hours. A metric pointed out that BTC might be overvalued. After days of volatility and uncertainty, Bitcoin [BTC] recovered and went beyond the $70k. A major reason behind its price decline since the 2nd of April was huge profit realizations, amounting to over $2.7 billion. However, BTC showed why it was King for a reason, recovering soon and trading at $71,178.80 at press time, having risen 2.39% in the last 24 hours, per CoinMarketCap. Bitcoin is recovering IT Tech, an author and analyst at CryptoQuant, recently posted an analysis…
With the fourth Bitcoin halving just 12 days away, the community is buzzing with anticipation, speculating on the potential for Bitcoin to breach the significant $100,000 threshold. Joe Consorti of Theya Research has offered a comprehensive analysis, diving into the intricacies of Bitcoin’s current market position and the factors that might catapult its value to new heights. This event, a cornerstone in Bitcoin’s design to halve the rewards for mining new blocks every four years, historically triggers a bullish momentum, and the present scenario appears to be aligning with past precedents. The Significance Of Bitcoin’s Consolidation Phase Consorti’s analysis titled,…
The research branch of top US-based crypto exchange platform Coinbase says that going forward, investors are likely to aggressively purchase Bitcoin (BTC) when it dips. In a new blog post, Coinbase Institutional says that gold is a winner this cycle due to rising economic and geopolitical concerns. According to Coinbase, the success of gold can be attributed to both the threat of inflation and the anticipation that the Federal Reserve will begin its rate-cutting cycle. “In this environment, gold has been the largest winner, printing new highs amidst increased central bank buying, heightened geopolitical risks, and reflation concerns. What makes…
During this year’s bullish run, DePINs have swiftly secured the number five spot in the rapidly evolving technology landscape, following Memes, AI, L2s, and RWAs. DePINs are among the top innovations and are vital key factors in determining the future’s environment. DeFi managers have characterized DePINs as a formidable duo since 2024, following the rise of AI, underscoring their critical significance across diverse global industries. The mainstream beginning of decentralized networks for physical infrastructures emerged in the previous year when leading manufacturers across the world integrated physical infrastructure with a blockchain. Blockchain protocols, enabled with cryptocurrency tokens to improve production…
TL;DRFull StoryAaveDAO is proposing ‘fee switches’, which is starting to look like a trend in the DAO space. It’s like the crypto version of companies giving out Christmas bonuses.Which sounds weird, so lettuce explain:AaveDAO is a community-driven DAO (aka community owned organization) that loans out money for people to purchase cryptocurrency. What’s crazy here is that AaveDAO has net profits of $60M a year as of now. (That’s a solid business!)Which is where Fee Switching comes in: All DAO’s collect fees in one way or another. Fees are used to pay for administrative tasks, coding & development, or for other ‘business-expenses.’ But when…
