Author: Crypto News Live

As per Glassnode, the long-term holders supply remained near constant across the recent spot price increase. Most metrics were bullish, but BTC’s RSI was in an overbought position.  After a long wait, Bitcoin’s [BTC] price could cross the $30,000 mark during its latest bull rally. Such a bull rally often results in an episode when investors sell their holdings as they earn profits.   Is your portfolio green? Check the Bitcoin Profit Calculator However, the case with BTC was different, as investors continued to accumulate. Higher accumulation is usually positive for a crypto. Therefore, the possibility of BTC having a good…

A recent surge in activity surrounding exchange-traded funds (ETFs) has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report by CoinShares.Totaling $199 million, inflows for the week of June 19–23 turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s share at $187 million (94% of overall inflows). This week in Fund Flows, by @jbutterfill:A sharp shift to bullishness among investors, injecting US$199m in digital asset investment products.This marks the largest single weekly inflow since July ’22, correcting almost half of 9 consecutive weeks of outflows.…

The Algorand Foundation announced a new partnership with a Web3 investment firm. However, ALGO failed to respond to the announcement and carved out its own path. The Algorand Foundation took to Twitter on 26 June to announce an exciting development for the blockchain. The Foundation tweeted that Algorand secured a new partnership with DWF labs, a global multi-stage Web3 investment firm. The aim of the partnership is to support the health and growth of the ecosystem built on the Algorand blockchain. Additionally, the first component of the partnership involved the purchase of $50 million ALGO tokens to provide liquidity into…

Avant Arte, a curated art discovery and ownership marketplace, has announced a new collaboration with pseudonymous digital art patron Cozomo de’ Medici. The partnership aims to establish an ongoing program that will bring together leading digital artists supported by The Medici Collection and Avant Arte’s expertise in print-making and editioning. This marks a significant milestone for Medici as they venture into supporting digital artists in exploring new mediums. Avant Arte has previously collaborated with esteemed digital artists and partners like G.O.D.A, Nina Chanel Abney, Grant Riven Yun, NessGraphics, and Mpkoz for physical editions. Making art more accessible Avant Arte and…

TL;DRThere’re only so many Discord community chats that folks in the NFT space will be able to bare, before they become fatigued.Which means, at a certain point ‘community access’ is bound to become an over saturated selling point, and turn into a burden.Plus, if NFTs are eventually going to be used by everyone – art and community access can’t be the only applications (it won’t scale).So we figured we’d spit ball a potential timeline between now and the point at which NFTs are everywhere. Here’s the rough timeline of applications we’re imagining:Art & Collectibles → Community Access → Gaming (👈…

Volatility and trading volume jumped sharply over the last 24 hours. ETH held by top non-exchange addresses amassed hit its all-time high. Ethereum [ETH] bulls and bears were locked in an intense battle around the $1900 level on Monday as the second-largest crypto in the market welcomed the long-evasive volatility. Is your portfolio green? Check out the Ethereum Profit Calculator After shuttling within the $1870-$1900 range for the greater part of the day, the coin plunged further to $1840 before recuperating to $1868 at the time of writing, data from CoinMarketCap revealed. The interest around ETH was also reflected in the…

Thanks to low cost and speedy transactions, Algorand has emerged as one of the more popular NFT ecosystems in the industry. The list of the best Algorand NFT marketplaces includes Rand Gallery, ALOGxNFT, and Algogems, while the best NFT collections on Algorand include the likes of Al Goanna M.N.G.O and FIFA Collect. In this article, we are going to examine 5 of the most popular NFT marketplaces and collections on Algorand.  5 Best Algorand NFT marketplaces There are several Algorand NFT marketplaces that allow users to list their own digital collectibles, collect NFTs, and more. In the table below, you…

With talk about integrating artificial intelligence and the cryptocurrency industry mostly focusing on how AI can help the crypto industry combat scams, experts are failing to pay attention to the fact that it could have the complete opposite effect. In fact, Meta recently warned that hackers appeared to be taking advantage of OpenAI’s ChatGPT in attempts to gain entry into users’ Facebook accounts.Meta reported blocking more than 1,000 malicious links masked as ChatGPT extensions in March and April alone. The platform went as far as calling ChatGPT “the new crypto” in the eyes of scammers. In addition, searching the keywords…

A widely followed analyst believes that Bitcoin (BTC) is giving off an immense bullish reading that could propel the crypto king to a fresh 2023 high. Analyst Michaël van de Poppe tells his 659,200 Twitter followers that Bitcoin has managed to keep both the 200-week moving average (MA) and the 200-week exponential moving average (EMA) as support. Traders keep a close watch on these moving averages as they tend to signal the long-term trend of an asset. According to Van de Poppe, Bitcoin now looks poised for a rally to a fresh yearly high of $40,000 before witnessing a major…

Rubble-USDT pair reacts to Wagner paramilitary group going rogue against the Russian government. A look at the historic significance of politically charged events on USDT volumes. Economics and global politics have clearly been having an impact. That is why it is not surprising that the latest happenings in Russia somehow had an impact on Rubble-USDT volumes. The Russia-Ukraine conflict is a perfect example of just how political factors can influence fiat and crypto performance. That has particularly been the situation for the Russian Rubble and USDT currency pair. A recent Kaiko analysis looks at how Rubble and Tether USDT volumes…