Author: Crypto News Live
USDC’s depegging was one of the biggest events of 2023, creating ripples in the broader ecosystem. Despite turbulences, USDT’s market share has grown on a YTD basis. Over the years, stablecoins have proved to be a popular instrument in the Web3 space. By combining the benefits of cryptocurrencies while maintaining a stable value, they have emerged as the holy grail for new-age financial investors. This unique ability has cemented stablecoins as the primary way for traders on non-fiat crypto exchanges to enter and exit trades, thereby acting as a bridge between fiat and crypto ecosystems. However, the utility of stablecoins…
A legendary metaverse experience is being provided by the classic mobile game, Cut The Rope, in collaboration with the metaverse platform, SANDBOX. Let’s dive right in. TL;DR: Cut The Rope teams up with SANDBOX to offer a legendary metaverse experience featuring 2,000 adorable Om Nom avatars with unique tiers and characters. Participate in quests, earn tokens, and store your earnings in the exclusive Nom Bank. Don’t miss the chance to win rare prizes, including a custom Cut The Rope+Sandbox money box. Avatars will be playable in future multiplayer experiences and unlock upcoming features. The team plans to introduce exciting play-to-earn…
Bitcoin’s illiquid supply change remains high as the accumulation trend persists. Bitcoin forms new support and resistance as it remains in the $30,000 price range. Despite Bitcoin’s [BTC] price remaining in the $30,000 range, the trend of accumulating this digital currency has persisted. According to recent data provided by Glassnode, the level of Bitcoin’s illiquid supply indicates that the race of hodling has commenced. Read Bitcoin Price Prediction (BTC) 2023-24 Bitcoin HODLing continues As hodling continued to dominate, the Bitcoin Illiquid Supply Change remained remarkably high, reaching levels near the peak of its cycle. Per Glasnode, a substantial influx of…
TL;DRMicroStrategy has bought another 12,333 BTC for approximately $347M USD in cash according to yesterday’s filing.On one hand, any entity that owns this much BTC can be dangerous for the market as a whole – if they were to suddenly decide that they no longer believed in BTC, they’d have the ability to flood the market and temporarily tank the Bitcoin price.On the other hand, MSTR is not only single-handedly increasing the amount of institutional investment by billions, they’ve also become a sort of proxy way for individuals to invest in BTC, without investing in BTC.Full StoryIt’s been a while…
The gaming industry has undergone significant changes in recent years, with blockchain technology paving the way for a new generation of Web3 gaming. The Abyss World team has been at the forefront of this movement, developing an Open-World Dark Fantasy Action-RPG on Sui Network, built by Metagame Industries. Now, Abyss World has announced its expansion to Polygon zk-EVM, which is great news for Web3 gaming players. The collaboration between Abyss World and Gaming #onPolygon is set to take blockchain-based gaming to new heights. Polygon offers fast transaction speeds, diverse development tools, and support for smart contracts and Dapps, making it…
Benjamin Cowen has identified a weakness between MATIC to Bitcoin and SOL to Bitcoin. MATICBTC traded within a specific range throughout Bitcoin’s bear market. With SOLBTC, people get sucked in on each pump, then the price fades into new lows. Benjamin Cowen, the founder of ITC Crypto, has identified a weakness between MATIC to Bitcoin and SOL to Bitcoin. The renowned analyst independently compared both altcoins’ recent history with Bitcoin, indicating potential weaknesses over the past two years. Using the MATICBTC weekly chart on TradingView, Cowen showed that MATICBTC traded within a specific range throughout Bitcoin’s bear market. He noted…
OpenAI, the maker of the popular chatbot ChatGPT — a natural language processing artificial intelligence (AI) tool — is facing a class-action lawsuit in California over allegedly scraping private user information from the internet.The lawsuit was filed in the United States District Court for the Northern District of California by Clarkson Law Firm on June 28. The suit alleges that OpenAI trained ChatGPT using data collected from millions of social media comments, blog posts, Wikipedia articles and family recipes without the consent of the respective users. Thus, OpenAI violated the copyrights and privacy of millions of internet users.A snippet of the…
ARK’s amended application comes a week after BlackRock filed for its Bitcoin spot ETF which included a similar agreement. The recent filings have brought the bulls back to the trading scene. Cathie Wood’s ARK Invest has amended its Bitcoin spot exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC) to include a surveillance-sharing agreement. ARK filed the amended application on 28 June, nearly a week after BlackRock, the $9 trillion dollar asset manager, applied for its own spot Bitcoin ETF with the SEC, which included a similar agreement. So far, no BTC ETF applications included any such…
Crypto analyst Michaël van de Poppe is expressing bullish sentiment on Bitcoin (BTC) amid growing interest from institutional investors. Van de Poppe tells his 162,000 YouTube subscribers that Bitcoin could rally by up to 15x in the run-up to the halvening and for several months after. “We’re most likely going to have a cycle that’s comparable to 2015 to 2017, which also had a phase where a big group of people were jumping into the markets. And this time it’s the next flow which is institutional investors, more retail coming in, and more governments jumping in. It’s very likely that…
What’s new on the meme coin front? Virtual currencies are experiencing a significant shift, which isn’t solely affecting Bitcoin and Ethereum. A fresh breed of virtual currencies, frequently known as ‘meme coins,’ has swept the cryptocurrency market off its feet. These meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), garner escalating attention from investors due to their distinctive promotional tactics and the hype they generate on social media platforms. The rise of meme coins has opened up a new frontier in the crypto market, providing opportunities for both seasoned traders and new market entrants. With their volatile price…
