Author: Crypto News Live

The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems.On July 3, the Chinese Ministry of Commerce issued a joint statement with the General Administration of Customs, saying the controls are aimed at protecting national security interests, and the export of specific gallium and germanium products will require a government-issued license.The controls begin on Aug. 1 and include eight gallium-related products: gallium antimonide, gallium arsenide, gallium metal, gallium nitride, gallium oxide, gallium phosphide, gallium selenide and indium gallium arsenide.They also cover six germanium products: germanium…

BTC’s price increased by 1% in the last 24 hours. On-chain metrics and derivatives market stats were bullish on BTC. After quite some time, Bitcoin [BTC] has been comfortably trading over the $30,000 mark. A major reason behind this uptrend was investors’ accumulation over the past few months.   Read Bitcoin’s [BTC] Price Prediction 2023-24 Despite BTC’s price decline, investors remained confident in the coin. Considering the upcoming BTC halving, are there chances of BTC’s price booming in the third quarter of this year? Bitcoin accumulation is still on the rise Glassnode’s 3 July tweet revealed that Bitcoin’s long-term holders had increased…

The Bitcoin (BTC) market witnessed a breathtaking surge towards $31k on Monday, as key stakeholders demonstrated unwavering confidence and encouraging signs of accumulation. An optimistic outlook for the industry emerged when Coinbase, a leading cryptocurrency exchange, was named in the BlackRock-backed Bitcoin ETF re-application by Nasdaq.This development marked a significant step forward for the market surveillance program and reinforced the industry’s bullish sentiment.A Thriving Crypto IndustryDespite the ongoing regulatory scrutiny by the Securities and Exchange Commission (SEC), experts believe that the crypto market, led by Bitcoin, has received substantial validation. A $10 trillion investment fund manager’s support has bolstered confidence…

Legendary music festival Woodstock enters the Metaverse via blockchain production company Sequin AR. The collaboration gives global music fans across a place to come together and discover Woodstock World. The goal is to make new and budding artists discoverable through this platform! Read on to learn more about Woodstock in the metaverse. What does Woodstock World Bring to the Metaverse? The Woodstock World festival will stick to the original event’s iconic 1969 debut roots while building a premium metaverse experience. The metaverse includes various opportunities and interesting activities for both fans and artists to enjoy. Faithful to the original festival,…

BlackRock and other large institutions re-applied for an ETF after SEC’s rejection.  BTC’s price continued to surge as sentiment around the king coin improved. In mid-June, BlackRock Inc, the world’s largest asset manager, applied for a Bitcoin [BTC] exchange-traded fund (ETF), triggering a surge of optimism among other funds and the broader cryptocurrency markets. Is your portfolio green? Check out the Bitcoin Profit Calculator In the wake of BlackRock’s ETF, several other firms followed suit, a move that coincided with the cryptocurrency market’s rally. BlackRock won’t stop Nevertheless, BlackRock’s prospects were subsequently dismissed by the SEC, along with other applicants.…

CirrusNFT states there have been 1244 liquidations in the last 96 hours. This does not include forced sellers who sold their collateral to pay off loans before they were underwater. This is considered the most catastrophic liquidation in the history of NFT, and it shows no signs of stopping. Over the last few days, we’ve seen the worst liquidation cascade in the history of NFTs and its not really closeThere were 1244 Liquidations in the last 96 hours (This excludes forced sellers that sold their collateral to repay loans before they were underwater)For reference… pic.twitter.com/3cpy8tDHi5 — Cirrus (@CirrusNFT) July 3,…

Last week’s minor price rally caused inflows into Bitcoin and Ethereum investment products to jump. Short-bitcoin, on the other hand, saw its 10th week of consecutive outflows.  Inflows from digital asset investment products totaled $125 million last week, bringing the second consecutive week of inflows to $334 million, CoinShares found in a new report.  According to the digital assets investment firm, last week’s inflows represented almost 1% of all assets under management (AuM). As Bitcoin [BTC] rallied to the $30,000 price point while leading altcoin Ethereum [ETH] and other alts posted minor gains, the value of Aum closed the trading…

XRP is printing a stagnant price performance as a major bank reportedly reevaluates its partnership with a company Ripple purchased earlier this year for $250 million. According to a new report by Bloomberg, anonymous sources familiar with the matter say that financial services titan Citigroup is reconsidering its partnership with Swiss fintech company Metaco. It has not been made clear yet if the bank’s review of Metaco is associated with Ripple Labs acquiring it, according to the report. Ripple originally purchased Metaco in May, at the time citing research that suggested that blue-chip investors plan to heavily incorporate crypto custody…

MATIC’s TVL was considerably higher than that of Solana. Polygon’s daily chart turned green, but a few market indicators were bearish. Polygon [MATIC] has been in a good state in terms of network activity over the last few weeks. Solana [SOL] has also been performing well, but it was a bit behind MATIC in a few key metrics.  Read Polygon’s [MATIC] Price Prediction 2023-24 While network activity on both blockchains looked promising, MATIC’s price action had turned bullish while SOL’s price chart had turned red. However, a few datasets also suggested that MATIC might soon start favoring the bears. Solana…

Dior has just revealed its latest line of men’s sneakers! Markedly, Dior has named the sneakers B33 and has paired them with matching NFTs. Dior Menswear artistic director Kim Jones has designed the B33 sneakers, and they are an integral part of Dior’s Men’s Fall 2023 collection. Let’s take a closer look! TL;DR: Dior’s Revolutionary B33 Sneakers & NFTs: Uniting Fashion and Blockchain Tech! Luxury fashion powerhouse, Dior, has taken a bold step into the world of blockchain technology. Their B33 sneakers are truly unique. This is because of their innovative online authentication system combined with the accompanying NFT. Significantly,…