Author: Crypto News Live
After several days of sitting quietly, bitcoin finally went on the offensive and broke above $31,000 earlier today. Most larger-cap altcoins have produced minor volatility in the past 24 hours, aside from LTC and BCH, both of which are down by over 3%. BTC Aims at $30K Again Last week was relatively calm for bitcoin as the asset it spent most of it trading sideways in a tight range between $30,000 and $31,000. That all changed on Friday, though, when the SEC reportedly issued a warning to all recent Spot BTC ETF filings, calling them “inadequate.” This has an immediate…
The crypto market is experiencing a surge in the second half of 2023, with several tokens showcasing impressive gains. Ethereum, the second-largest cryptocurrency by market capitalization, is on the verge of reaching the significant $2,000 milestone, while Bitcoin, the leading digital currency, is testing a previous resistance level, indicating a correlation with Ethereum’s performance.Ethereum PriceAccording to a recent video released by Crypto World, Ethereum is currently riding a larger multi-month bullish trend, with its support levels remaining unchanged. The daily Ethereum RSI (Relative Strength Index) suggests a more optimistic outlook, while the daily Ethereum MACD (Moving Average Convergence Divergence) indicates…
The LG Metaverse Partnership with PIXELYNX and Oorbit is finally here, with plans to produce immersive experiences for LG customers around the world. The initiative will pair the musical expertise of Deadmau5’s PIXELYNX project with the infrastructure that Oorbit provides. What’s more, NFTs will be interoperable. This will allow LG customers to take their virtual identity throughout many digital worlds. The LG Metaverse Partnership is significant for the space. Credit: LG Nova. What Is The LG Metaverse Partnership With PIXELYNX? The partnership with PIXLYNX is the creative side of the deal, where Co-Founders Deadmau5 and Richie Hawtin will put on…
According to the @SeaLaunch_ data sheet, the number of ERC-6551 heterogeneous Token-bound accounts (TBAs) created spiked on July 4, reaching 701, a one-day record high. Currently, there are more than 1,500 accounts. On the same day, the number of ERC-6551 transactions also reached the second highest in history. Source: Dune At the moment, major NFTs using the ERC-6551 standard include The Managers and Sapienz. The floor price of Sapienz NFT has increased by more than 175% in the last 24, with a volume spike of more than 8000%, according to CryptoSlam. Source: CryptoSlam ERC-6551 is a new Ethereum standard that…
A recent report by blockchain security firm PeckShield has shed light on the swift sale of stolen non-fungible tokens (NFTs) on popular marketplaces like Blur and OpenSea. The report also highlighted a significant decrease in the value of stolen NFTs in June 2023 compared to previous months. These findings provide valuable insights into the state of NFT security and the challenges faced by marketplaces in preventing unauthorized transactions.Decrease in Stolen NFTs Value According to the PeckShield report, the total value of stolen NFTs in June amounted to $2.27 million, marking the lowest monthly figure of the year so far. This represents an 85% decrease compared to the…
SNEAK PEEK Revolut ceases Solana, Cardano, and Polygon for US users. SEC’s classification prompts Bakkt Holdings to delist cryptos. Crypto resilience shows despite regulatory hurdles. In a startling development, Revolut, the popular UK-based fintech platform, has announced its decision to halt the offering of Solana, Cardano, and Polygon’s tokens to its US clientele. The move comes as a response to regulatory constraints imposed by the US Securities and Exchange Commission (SEC) that categorized the aforementioned tokens as unregistered securities. The SEC’s classification in June led to legal encounters against prominent crypto exchanges, Coinbase Global Inc. and Binance Holdings. Owing to…
A widely followed crypto strategist believes that both Litecoin (LTC) and Chainlink (LINK) are set to print gains of over 100%. Analyst Michaël van de Poppe tells his 659,700 Twitter followers that the peer-to-peer payments network Litecoin looks bullish after taking out several technical resistances following its steep ascent last week. According to the trader, Litecoin could surge to as high as $250, suggesting an upside potential of more than 135% from its current price of $106. “Litecoin looks great. – Breaking through 200-week moving average and (200-week) exponential moving average.– Breaking $100 resistance.– New yearly highs. Targets are $180…
PEPE’s volume declined when it witnessed its latest price correction Market indicators and metrics remained bullish on PEPE LunarCrush’s data recently revealed some important data around Pepecoin [PEPE], which suggested that the token’s price could gain some upward momentum. However, the ground reality seemed to be different as PEPE’s daily chart was painted red. Are there any chances that the memecoin’s price turning will turn bullish in the coming days? Realistic or not, here’s PEPE market cap in BTC‘s terms PEPE to turn bullish again? As per LunarCrush’s data, PEPE topped the list of cryptocurrencies in terms of Galaxy Score.…
A recent McKinsey report states that the Metaverse has the potential to become an over $5 trillion economy by 2030! The report states that the new technology has the power to significantly change both personal and office life. The news provides a new light in the ongoing crypto bear market and restores faith in the ecosystem. Let’s take a look at the report and its findings. A digital art gallery from the Spatial.io metaverse. McKinsey States that the Metaverse Could be a Trillion Dollar Economy Leading management consultancy firm McKinsey & Company estimates that by 2030, the age of the…
The nonfungible token (NFT) market has been encountering a massive downturn, with prices of popular NFT collections dropping. One renowned collection, the Bored Ape Yacht Club (BAYC) has recorded a steep drop, reaching a two-year low. The recent crash in NFT prices proves that the winter season in the digital assets space is not yet over despite the rally being witnessed in the Crypto market currently. Interestingly, the floor price for Bored Ape NFTs has plummeted to around $52,000 worth of Ethereum, representing an 88% drop from its peak levels in April 2022. In that context, the Mutant Ape Yacht…
