Author: Crypto News Live
Decline in Bitcoin hashrate raises concerns about network security and centralization. Diminishing miner revenue may lead to increased selling pressure on BTC. The highly volatile nature of the cryptocurrency market continues to impact Bitcoin[BTC] miners, placing them under considerable strain. The constant fluctuations in Bitcoin and the broader cryptocurrency sector have made it challenging for miners to generate steady revenue from their mining operations. Read Bitcoin’s [BTC] Price Prediction 2023-2024 A brighter future for miners ahead? However, recent observations have revealed a significant decline in Bitcoin’s hashrate over the past 24 hours, with a notable decrease of 3.2%. A lower…
The attorneys of those accusing Elon Musk and his company Tesla of defrauding investors are seeking to remove the billionaire’s legal counsel over a leaked letter. According to a new report by Reuters, a motion has been filed by the plaintiffs’ lawyer, Evan Spencer, to disqualify the legal representatives of Musk and the electric car giant after a leaked private letter between the parties became public. Spencer claims that Alex Spiro, one of the attorneys working for Quinn Emanuel Urquhart & Sullivan, the law firm that represents the business magnate, leaked a letter between them to The New York Post,…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion XRP’s pullback inched closer to a key demand zone Open Interest rates improved after BTC reclaimed $30k Ripple [XRP] faced another price rejection at the bearish zone and supply area above $0.5000. The stretch above $0.5000 has been a key price ceiling in the first half of 2023, curtailing any hope of further upside. Read Ripple’s [XRP] Price Prediction 2023-24 In the meantime, BTC was still facing indecision among speculators as it continues tight, narrow price range above $30k.…
When the prestigious Louis Vuitton launched its first NFT game in 2021, the world was taken aback: little did they know this was just the beginning. Recently, Louis Vuitton also made headlines with its ultra-limited NFT Treasure Trunk drop, which grants access to its exclusive community – and it might be worth the $39,000 price. After all, this is the second most popular luxury brand of the year and one of the most influential fashion companies of all time. It loves innovation while also staying true to its roots and core concept dating back to 1854. In fact, this name…
In the midst of the ongoing legal skirmishes between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry, Joseph Lubin, co-founder of Ethereum, remains unbothered. Lubin, who also serves as the CEO of ConsenSys, the blockchain-based financial infrastructure company, expressed his views on the regulatory status of Ether (ETH), the native cryptocurrency of the Ethereum platform, during a recent interview with CNBC. When asked what he would say to regulators who argue that Ether is a security, Lubin didn’t mince words. “The SEC has spoken,” Lubin underscored. “The SEC actually spoke, the CFTC has spoken very crisply [..]…
Long-term holders of Azuki NFTs are selling off the digital assets en masse after the Elementals drop. Defined as holding onto the non-fungible token for more than a year, 132 long-term Azuki holders sold their NFTs during or after this week’s drop of the new Elemental collection. That was a 817% spike in long-term holders selling their Azukis, according to crypto data provider Nansen. Launched a couple days ago, Elementals is a new NFT collection which belongs to the Azuki ecosystem, a blue-chip brand in the world of digital assets. The first 20 minutes of the launch was reserved exclusively…
The end approaches for Escape Velocity. This mini-game from Star Atlas that was a combination tech test and means for players to gather game resources without owning a Mining Claim. But never fear resource-gatherers, for Star Atlas is introducing a new, mining class ship that can gather resources and earn ATLAS tokens! On July 7th, 2023, Star Atlas will close down their Escape Velocity game. Escape Velocity is a browser-based moving and scanning mini-game that uses the Solana blockchain for all of its calculations. By scanning for loot, players can find Star Atlas resources and even NFTs such as Ships…
On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and Nvidia. The new capital will be partly allocated to building a 22,000-unit Nvidia H100 Tensor GPU cluster, which the company claims is the largest in the world. The GPUs will be used to develop large-scale artificial intelligence models. Developers wrote: “We estimate that if we entered our cluster in the recent TOP500 list of supercomputers, it would be the 2nd and close to the top entry, despite being optimized for AI — rather than scientific —…
CME Group, a major derivatives trading platform, said on June 29 that it will launch Ether/Bitcoin ratio futures this summer, pending regulatory approval. CME Group said that it plans to launch its BTC/ETH ratio futures product on July 31, 2023. A ratio futures contract is a type of futures contract where the underlying asset is a ratio of two commodities. This type of contract allows traders to speculate on the relative price movement of two different commodities. The contract is settled in cash based on the difference between the contract price and the spot price of the ratio at the…
The total number of transactions on Tron exceeded the 6 billion mark Market indicators were bullish on TRX, suggesting a price uptrend Tron [TRX] still remained the leader in the market in terms of daily active addresses, followed by BNB Chain [BNB]. However, the metric registered a decline over the last few weeks. Despite the decline, another key metric reached a new milestone, which looked encouraging. Read Tron’s [TRX] Price Prediction 2023-24 Tron adoption is shooting through the roof Token Terminal’s data revealed that Tron’s number of daily active addresses declined slightly over the last few weeks. However, it was…
