Author: Crypto News Live
Bitcoin undergoes a massive upswing and clinches above $29,000, breaking all the interim resistance. Meanwhile, the altcoins continue to trade with a minor upswing, indicating the flow of liquidity from the altcoins to Bitcoin. Now that the BTC price has received a magnificent bullish push as big players like Blackrock, Fidelity, Deutsche Bank, etc. have entered the crypto space, specifically Bitcoin, altcoins are expected to suffer more pain in the coming days. Every price cycle undergoes multiple phases, which signifies diverse price actions and sentiments. The beginning and end of bull or bear markets are determined based on these phases. The…
beginner Although crypto mining is not as popular or profitable as it once used to be, it can still be worth your time as long as you approach it in the right way. If you don’t want to splurge on a whole warehouse full of mining rigs, then you might instead start mining on a smaller scale or even potentially participate in cloud or pool mining. Hello everyone, I’m Zifa. For over two years, I’ve been navigating the dynamic world of cryptocurrencies, providing my readers with insightful coverage on all things crypto. In this article, we will take a look…
Summary: Bitcoin neared double-digit gain in the past 24 hours following ETF applications from giant TradFi players like BlackRock.BTC traded above $28,800 on Monday, over 7% up in the past 1 day per data from TradingView and CMC.$8 trillion asset manager BlackRock filed a Bitcoin ETF with the SEC galvanizing other applications amid an ongoing crypto crackdown in the U.S. Bitcoin, crypto’s largest token by market cap, edged toward $29,000 during trading hours on June 21 on the back of growing interest from major institutional players in traditional finance. According to data from CoinMarketCap, BTC was almost in double-digit gains…
TL;DRThere’s a ‘quiet accumulation’ of Bitcoin taking place, and it’s worth getting excited about!The accumulation is ‘quiet’ because whoever is buying, is doing so in smaller chunks, over a longer time frame, being careful not to pump prices.Plus: the wallets that are buying this Bitcoin are ‘illiquid.’ Meaning they very rarely sell (if at all) – so there’s a good chance they’ll hold all of this BTC for a hot minute.And lowered supply + increased demand, typically leads to increased prices.The increase in demand might be a ways off yet, but either way – it’s a vote of long-term confidence…
As NFTs continue to reshape the gaming landscape, Yuga Labs, the brains behind the famous Bored Ape Yacht Club, is gearing up to introduce a new chapter in this domain. The company has announced the launch of “HV-MTL Forge,” an engaging workshop-building game set to release on June 29.Introduction to HV-MTL ForgeIn HV-MTL Forge, players are tasked with constructing and customizing a workshop. This process lays the groundwork for the evolution of their HV-MTL robot NFTs. The objective is to create an impressive space that garners community votes, propelling players up the leaderboard.The HV-MTL NFTs hold a significant role in…
On June 20, a bipartisan group of United States lawmakers introduced a bill to establish a commission to study the country’s approach toward artificial intelligence (AI). The bill’s primary objective revolves around establishing regulations in the AI industry. The act comes hot on the heels of consumer protection groups in the European Union (EU) urging regulators to conduct investigations on AI models behind popular chatbots. The bipartisan National AI Commission Act was introduced by Representatives Ted Lieu, Ken Buck and Anna Eshoo. The bill proposes the creation of a national body to formulate a comprehensive framework for regulating AI.The act aims to…
Grayscale’s Bitcoin Trust (GBTC) shares rose 11% on June 20 to $16.85 and narrowed the discount to its net asset value (NAV) to 33.45%—its highest point since the beginning of the year, according to YCharts data. Source: Ycharts Wu Blockchain, citing CryptoQuant data, reported that the increase coincided with a record-high trading volume of $10.24 million—the highest since November 22, 2022. On the year-to-date metrics, a CryptoSlate Insight reported that GBTC has increased by 96%. BlackRock’s ETF application fuels interest in GBTC The renewed optimism surrounding GBTC shares has been linked to BlackRock’s application for a Bitcoin spot ETF. Wu…
Kusama, Polkadot topped the list of blockchains in terms of GitHub commits. DOT’s open interest declined while its price rose by over 3% in the last 24 hours. Polkadot [DOT] has released a new network upgrade, bringing changes to the blockchain. Thanks to the release, DOT’s development activity remained higher than others. Apart from that, Polkadot also proposed a few new referendums, which are currently under voting. Amidst all this, DOT investors were having a good time as the market conditions turned favorable. Read Polkadot’s [DOT] Price Prediction 2023-24 Polkadot ecosystem’s major updates The blockchain released its latest network update,…
All funds and NFTs are safe. No action is needed at this time. The project is suspended and cannot initiate new loans. The suspended state is to protect all assets in the protocol. They confirm that no funds are lost. The project also said that it has successfully executed a white hat recovery script, saving all ERC20 and ERC721 assets of all LPs and borrowers. All information will be updated for users as soon as possible. On June 20th, 4:42 am UTC, @AstariaXYZ was made aware of an issue with the base implementation of BeaconProxy.sol allowing an attacker to manipulate…
Key highlights:The total cryptocurrency market cap increased from $ 1.07T to $ 1.09T in the past 24 hours, representing a 1.01% changeThe Bitcoin price at press time is $ 26,819 after growing by 1.34% in the last 24 hoursThe total crypto trading volume increased by 1.01% in the past 24 hours, and is currently at $ 160.37BAll prices and changes are presented at the time of publication: June 20, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.09T after a 1.01% increase on the day. The total crypto trading volume increased by 1.01% in the same time frame.Bitcoin is trading at…
