Author: Crypto News Live

A widely followed trader who has remained bearish on crypto markets this year despite the bounce is getting more confident on his calls for lower prices for several altcoins. The pseudonymous trader known as Capo tells his Telegram followers that when Bitcoin (BTC) breached the $25,000 level to the downside last week, it was the beginning of a capitulation to much lower levels. Looking at Binance Coin (BNB), Capo has a main target of around $40, which is about an 83% drop from current prices. “BNB update: Bad news coming in, and they never come alone. Expecting more bad news…

Ethereum has navigated a turbulent path in recent weeks, with its price exhibiting considerable volatility. ETH has seen its value both skyrocket to unprecedented levels and plummet in reaction to market dynamics and investor mood. With Bitcoin currently stealing the spotlight by surpassing the $27K mark, it’s prompting ETH holders to seize the opportunity to accumulate more coins during the price dip, anticipating a potential bullish surge. However, despite the enticing prospect of ETH mirroring Bitcoin’s ascension, market signals indicate that a downward correction could be on the horizon.Ethereum Developers May Trigger A SurgeThe escalating wait times and burgeoning interest…

Companies in the Web3 space are increasingly looking to incorporate artificial intelligence with blockchain-related technologies. On June 19, Etherscan, the popular Ethereum block explorer, took a significant step in that direction when it announced the integration of OpenAI’s ChatGPT into its suite of tools. The move is aimed at enhancing the understanding and interpretation of Ethereum source code, something seen by many as a crucial step in the democratization of blockchain technology. Etherscan’s new tool, which is currently in beta, is called Code Reader and is designed to leverage the capabilities of AI to help users retrieve and interpret the…

TL;DRUp until now, the Web3 gaming space has been largely dominated by casual play-to-earn gaming titles….which has lead to the space gaining a pretty bad reputation for being full of lackluster money-grabbing titles.Good news is: Animoca Brands CEO Robby Yeung told us to expect exactly that, in 2024! Why are these kinds of games so important?Currently in Web3 gaming, players often need to buy expensive NFTs to start playing, then grind through hours of gameplay just to make their money back.’Buy this game and work your way out of debt’ is not a compelling sales pitch.’Buy this game because it’s…

The amount of ETH staked surged to nearly 23 million at the time of writing. Due to Coinbase’s legal troubles, the growth of ETH staking has stalled. The much-awaited but delayed Shapella Upgrade, which went live on the Ethereum [ETH] mainnet about two months ago, has begun to progressively advance towards its goal of boosting ETH staking. Is your portfolio green? Check out the Ethereum Profit Calculator Data from on-chain analytics firm Nansen showed that the amount of ETH staked on the largest proof-of-stake (PoS) network surged to nearly 23 million at the time of writing. This amounted to an increase…

My Neighbor Alice, the web3 farming and building game reminiscent of Stardew Valley, prepares to launch into season 3 of their alpha. And this season brings a number of big updates, including crafting, connection to the Chromia appnet, and a free trial system for players who don’t own any land plots for the game! Customization is the theme of season 3. After already introducing resource gathering through activities such as fishing and farming, My Neighbor Alice is now ready to open up crafting in their game. Players will have access to a new crafting system, allowing them to create wearable…

The crypto space has been facing waves of uncertainty in recent months between impending regulations from regulators across the world and a lingering market downturn. Despite the state of the industry investors are still backing new ventures in the space. Data shows that in 2022 alone, European DeFi startups experienced an increase in venture capital (VC) funding by up to 120%. Cointelegraph spoke with Martin El-Khouri, a senior director at Bertelsmann Investments, during the Proof of Talk blockchain conference about why major investment firms still see Web3 as a way forward. Proof of Talk 2023 blockchain conference in Paris. Source: CointelegraphBertelsmann…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ATOM’s 19.5% gains saw it reclaim key support level. The futures market leaned towards bearishness despite recent gains. The past seven days have seen Cosmos [ATOM] shake off some uncertainty after it was named in the US SEC lawsuit against major cryptocurrencies. ATOM posted gains of 19.5% within the seven-day period to reclaim the $8.53 support level. Read Cosmos [ATOM] Price Prediction 2023-24 With Bitcoin [BTC] consolidating at the $26.5k price zone, bulls could be looking to register further…

Most investors were moving coins out of the market to HODL. The number of BTC coins across exchanges has dropped to its lowest level since January 2018. The crypto market’s slump has put the spotlight back on one of the most-talked about topics in the sphere – Bitcoin’s [BTC] volatility. How much are 1,10,100 BTCs worth today? According to data provider Kaiko, the 90-day annualized volatility for the largest digital asset on the planet has plunged to 50%, nearly halving from the highs observed during the 2021 bull market. Volatility is perhaps the best lagging indicator of #crypto activity. 90D…

The interplay between resilience and volatility often shapes the fortunes of projects in the crypto market. In a compelling turn of events, Uwerx (WERX) has witnessed its presale gather remarkable attraction, while Hydro (HYDRO) and Solana (SOL) grapple with tightening activities due to SEC sanctions.This article delves into the contrasting narratives of Uwerx’s surging presale and Ducat’s regulatory challenges, highlighting the dynamic nature of the crypto market. Published: 19 June 2023, 1:16 pm Updated: 19 Jun 2023, 1:16 pm Hydro (HYDRO) To Pay $2.8 Million in FinesHydro (HYDRO) faced SEC accusations of selling unregistered tokens and manipulating prices. The CEO…