Author: Crypto News Live
A widely followed crypto analyst is telling Bitcoin (BTC) that there is “nothing to worry” about, given one condition. Crypto trader Michaël van de Poppe tells his 659,900 Twitter followers that as long as they aren’t trading on high leverage right now, they should be doing okay. “Nothing to worry, my friends. Don’t trade high leverage. That’s all.” In crypto trading, trading on high leverage refers to the use of borrowed funds to amplify the potential gains or losses of a trade. Though trading high leverage comes with increased rewards, it also correlates to an increased risk for traders. After an…
Polkadot 2.0 will provide developers with greater flexibility by allowing for two sorts of sales. DOT’s price action was sluggish, but market indicators were bullish. Polkadot [DOT] has always made headlines for its robust development activity over the years. The streak is still maintained with its latest teased upcoming update, which can be a game changer for the blockchain. Realistic or not, here’s DOT market cap in BTC’s terms In a recent interview, Polkadot’s co-founder discussed an upcoming update that reflected the blockchain’s vision. However, as of press time, the news had minimal impact on the token’s price. Polkadot 2.0…
Polygon Labs has promoted its chief legal officer Marc Boiron to chief executive officer in a newly created role. Boiron’s promotion comes almost a year after he joined Polygon Labs last August from dYdX, a DeFi protocol. Boiron is an “ideal” person for the CEO role given his extensive involvement in shaping the Polygon Labs strategy and successful management of multiple departments for many months, the nine Polygon co-founders said in a joint statement shared with The Block. Boiron will report to the co-founders. Boiron’s appointment as CEO of Polygon Labs comes one and a half years after the Polygon…
Join Our Telegram channel to stay up to date on breaking news coverage Arthur Hayes, co-founder of BitMEX, recently released an essay arguing for Bitcoin’s potential to become the ideal currency for artificial intelligence (AI). He believes that, akin to humans, AI will also require a monetary mechanism to function at its best. Bitcoin’s inherent traits of being always accessible, completely automated, and digital makes it uniquely suitable for the demands of AI. Hayes underlined that AIs must have continuous access to data and computational power – their version of ‘food’ – to stay operational. Hayes expressed that a blockchain-based…
Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from TheBlock revealed. Read Bitcoin’s [BTC] Price Prediction 2023-24 Being a proof-of-work network, Bitcoin miners’ revenue is derived from two primary sources: inflation rewards (block subsidies) and transaction fees. When miners successfully add a new block, they are rewarded with a certain number of newly minted Bitcoins. In addition to the block subsidy, miners also earn transaction…
An acclaimed cryptocurrency chartist and analyst, JD, has recently presented a promising investment entry point for XRP stakeholders. He unraveled a potent trading method used by savvy investors.XRP’s Historical Market Behavior#XRP Dominance update – while eyes are on the lawsuit causing stress/emotions 🤦♂️🤦 SMH, the REAL PLAYAS/SMART MONEY in the game is paying attention to the CHARTS!Loading up more within orange box if hit w/no emotions!Retweet/Like for more chart updates! $XRP #XRPCommunity… pic.twitter.com/ckS74fSr6K— JD 🇵🇭 (@jaydee_757) July 7, 2023 JD’s analysis pays attention to XRP’s market dominance, a metric that reflects XRP’s price changes. As XRP’s price ascends, the cryptocurrency’s…
During the first week of H2 2023, non-fungible token (NFT) sales witnessed a 23.39% decline compared to the previous week, marking a two-week downward trend. A total of $195.95 million worth of NFT sales occurred, with Ethereum-based NFTs accounting for $130.77 million. NFT Sales Take a Hit: Week-Over-Week Drop of 23% in the First Week of July 2023 Cryptoslam.io data reveals a 23.39% drop in NFT sales this week compared to the earlier week. Along with this downturn, there was a notable 96.48% decrease in NFT buyers and a 15.26% slide in the number of NFT sales. ETH-based NFT sales…
TL;DRMost people think of Bitcoin ‘Ordinals’ as Bitcoin NFTs…but they’re more than that. The Ordinals system is a way of uploading any sort of data to the Bitcoin Network. The ‘Descent into Darkness Music Engine’ is a super basic piece of software, which is now living permanently on the Bitcoin Network. The program lets you click a button and get a randomly generated Gameboy-style tune in return (try it out for yourself!).Music engines might not be the killer use case for Ordinals, but the more folks tinker with creations like this, the closer we get to realizing a range of…
SOL and AVAX both printed 5+% gains over the past 24 hours. The price of SOL stood at $22.21 after its price climbed a remarkable 11.74%. Technical indicators for both altcoins suggested that their prices would continue to rise in the next 48 hours. Heading into the weekend, Solana (SOL) and Avalanche (AVAX) turned heads as they were two of the top 20 cryptocurrencies that saw their prices spike over the past 24 hours of trading. According to CoinMarketCap, the two altcoins saw their prices rise by more than 5% over the past 24 hours, with SOL’s price climbing an…
In the dynamic landscape of Cardano, the past week has been filled with noteworthy advancements. Input Output Global (IOG), the driving force behind Cardano’s research and development, has been actively pushing the boundaries in various aspects of the Cardano ecosystem. These achievements were described in IOG’s latest Weekly Development Report, which was published on Essential Cardano on 7 July 2023. The DB Sync team has been focusing on enhancing the Conway integration with db-sync and testing the UTXO-HD feature branches. They’ve also been refining their build processes, improving the overall developer experience, and adding new tests for better reliability. Simultaneously,…
