Author: Crypto News Live
Q2 2023 is the first quarter to exceed the $100 million mark since Q2 2021. The figure is more than five times the fees earned during the preceding five quarters combined. Bitcoin [BTC] miners made $184 million from transaction fees in the second quarter of 2023. The amount is far more than what the miners made throughout 2022. The finding is based on a report published by the cryptocurrency analytics platform Coin Metrics on 5 July. Q2 2023 is the first quarter to exceed the $100 million mark since Q2 2021. The payout amount of $184 million reflects a surge…
Telescope Labs, a startup specializing in data analytics and AI-powered game economies, recently announced its leap into the Web3 gaming sector with a suite of cutting-edge solutions. This move follows a successful pre-seed funding round held in September, during which the company raised over $2 million from investors such as Griffin Gaming Partners and Kube VC. Based in London, Telescope Labs aims to leverage these funds to provide next-generation data analytics and predictive models, thus reshaping the virtual economies within Web3 gaming.Cutting-Edge Solutions and Strategic PartnershipsTelescope Labs harnesses the power of machine learning and predictive models to enhance efficiency for…
According to recent data, Solana has experienced a notable surge in weekly Decentralized Exchange (DEX) volume. A graph by Santiment indicates a significant increase in USD volume for NFTs in recent weeks. Data shows that Solana’s Total Value Locked (TVL) experienced a decline in November 2022 and has since remained stagnant. Current data from Solana reveals a substantial increase in DEX volumes and growing interest in NFT trading. However, Solana’s TVL values continue to remain low. Growing Transaction Volumes in Solana DEX Solana has recently garnered attention with a significant surge in transaction volumes, as indicated by the latest weekly…
DeFi meets AI: Can this synergy be the new focus of tech acquisitions? Source link
The average network efficiency of Bitcoin mining has improved due to the advancements in mining equipment. The share of renewable and cleaner sources like hydropower solar and wind have gone up considerably. The intense debate around Bitcoin [BTC] mining has gone in tandem with the evolution of blockchain technology and cryptocurrencies. According to on-chain analytics firm Glassnode, the network’s hashrate has grown astronomically over the last five years, mirroring the sharp ascent in BTC’s value. Source: Glassnode Read Bitcoin’s [BTC] Price Prediction 2023-24 What’s the fuss around mining? The hashrate is a function of growing network traffic. As evident, the hashrate…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Despite a lower timeframe edge in favor of ATOM bulls, some factors showed bears could reclaim the driving seat. The $10-$10.6 region was a higher timeframe resistance that swing traders could watch out for. Cosmos [ATOM] prices retested the $8.43 level as support on 15 June. This had been a higher timeframe support level that ATOM bulls had been unable to defend in the selling wave of 10 June. This development sparked a rally that has not yet been…
Top metaverse building platform Spatial has announced the launch of its Spatial Creator Toolkit. The toolkit allows creators, digital designers, and architects to design immersive spaces across mobile, desktop, and VR. Furthermore, the creator toolkit is powered by the Unity engine. This makes it a powerful tool to create next-gen art and graphic creation solution. So what exactly can you do with the toolkit? Read on to learn more! Spatial Creator Toolkit: What Is It? The Spatial Creator Toolkit allows digital creators to use readymade assets to interact and play within the space around them in the metaverse. This makes…
The Massachusetts Senate announced on July 5 the consolidation of several hearings on blockchain, digital assets, and digital privacy into a single assembly on July 13, highlighting the growing significance of these topics in the state.In a four-hour hearing, the ‘Advanced Information Technology, the Internet, and Cybersecurity Committee’ will discuss notable bills, each with significant implications for the state’s approach to digital technology, blockchain, and cryptocurrency.Launching a pilot program for digital innovation in the public sectorAmong these proposed laws is “An Act creating a pilot program to explore digital innovation in government.” The bill proposes a groundbreaking pilot program by the…
Das Web3 gilt als zukunftsträchtiges Marktsegment. Immer wieder sind es die Web3 Kryptos, die eine überdurchschnittliche Wertentwicklung verzeichnen. Zuletzt waren es häufig auch Stacks und der Render Token, die eine relative Stärke offenbarten. Beide weisen auch immanente Berührungspunkte zum Web3 auf. Doch der Wind hat sich gedreht. In den letzten sieben Tagen gab es bei Stacks (STX) und Render Token (RNDR) eine Underperformance. Beide Kryptos verloren in diesem Zeitraum, während es in der Marktbreite tendenziell Gewinne gab.Schließlich konnte Ethereum in diesem Zeitraum um fast 3 % steigen, bei den Top 10 Kryptos Solana und Litecoin zeigt sich mit 15 %…
Larry Fink is of the belief that BTC ETFs could make crypto democratized. Spot ETFs have led to a rise in BTC’s prices. BlackRock CEO Larry Fink says that its spot Bitcoin [BTC] exchange-traded fund (ETFs) will make crypto more democratized. He said that the role of cryptocurrency was largely “digitizing gold.” Fink made these remarks while speaking on Fox Business on 5 July. The BlackRock CEO suggested that U.S. regulators should consider how an ETF directly linked to BTC could democratize finance. He believed that Bitcoin is an international asset, saying: “It’s not based on any one currency, and…
