Author: Crypto News Live
RIT Capital Partners Plc, a £3.6 billion ($4.6 billion) UK investment trust, marked down the value of investments in several high-profile crypto startups earlier this year. The trust, founded by Jacob Rothschild, had invested tens of millions of pounds in crypto firms since 2021, in addition to backing numerous tech startups. Its 2021 annual report shows positions of £27.8 million, £33.2 million and £20.8 million in Animoca Brands, Kraken and Paxos, respectively. In accounts for the following year, published in February, those positions had shrunken to £14.2 million, £16.2 million and £16.2 million. It is possible that part of RIT’s…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure and trend remained bearish. Ethereum could drop toward $1500 if the bulls fail to hold on to $1700 over the next week. Ethereum had a bearish market structure on the daily timeframe. Investors were pulling Bitcoin and Ethereum off of centralized exchanges and putting them in DEXs or self-custody and buying pressure was depressed, although the platform’s gaming sector saw a boost. Read Ethereum’s [ETH] Price Prediction 2023-24 Hence ETH bulls can wait for an opportunity,…
Bitcoin registered two consecutive days of price increases for the first time in a while as it pumped from under $25,000 to just shy of $27,000 within this timeframe. ETH’s performance is rather similar, as the second-largest crypto now sits at $1,750. Most other altcoins are in the green as well. BTC Soars to Weekly High The SEC’s lawsuits against Binance and Coinbase took their toll on the cryptocurrency market, with BTC slumping last week to $25,400, even though it wasn’t even mentioned in the filings. Despite its instant recovery attempts to $27,400, the landscape remained grim for the past…
BNB Chain’s daily NFT sales volume touched the $1 million mark on 14 June after nearly two months. BNB was trading green at the time of publication, showing signs of recovery. The BNB Chain [BNB] added yet another non-fungible token (NFT) collection to its arsenal, solidifying its position as one of the largest NFT ecosystems. BNB Chain took to Twitter to announce the release of Hyena Warriors, the sequel collection to Tiger Warriors and the second in a series of hand drawn NFT collections from the Planet ZUUD brand. According to data from CryptoSlam, the collection recorded a total sales…
Ethereum inscriptions launch with 10,000 Ethereum punk inscriptions in 24 hours. Ethereum dominance of the NFT space continues with blue-chip NFTs. Recent reports suggest Ethereum is treading a similar path to Bitcoin when pioneering the inscription of NFTs on its platform. In line with the concept of Bitcoin inscriptions, a new feature called Ethscriptions has recently been introduced, and it has garnered a favorable response from users. Realistic or not, here’s ETH’s market cap in BTC terms Ethereum inscriptions Capsule 21’s co-founder, Middlemarch, made an exciting announcement on June 16. He introduced Ethscriptions, an Ethereum-based inscription system inspired by Bitcoin’s…
Introduction This report provides a comprehensive analysis of Solana’s (SOL) price dynamics, covering technical indicators and moving averages. Price and Volume Overview As of 7:41 a.m. UTC on 17 June 2023, on Binance, the price of SOL is $15.810, which is an increase of $0.960 (+6.46%) from the previous close. The volume of SOL traded is 3,594,186. The highest price of SOL in the last 24 hours was $16.120, and the lowest price was $14.380. The bid price and the ask price are $15.810 and $15.820, respectively. Technical Indicators Technical indicators are mathematical calculations that use historic price, volume, and…
Top US crypto exchange Coinbase plans to integrate Bitkey, a self-custody wallet developed by Jack Dorsey’s fintech company, Block. In a recent announcement, Coinbase says it has entered a global partnership with Bitkey in an effort to foster the growth of self-custody usage. Dorsey, the billionaire co-founder and former CEO of Twitter, plugged the new partnership online. “Buy Bitcoin from an exchange and move it to a hardware key you control.” News of the partnership comes in the wake of Bitkey’s announcement to open applications for its beta program that will allow users to try the product before its public…
Cryptocurrency expert Nicholas Merton of Data Dash offered a sobering perspective on the current state of the crypto market in a recent video. He addressed the question on every crypto investor’s mind – when will it be time to buy Bitcoin and other altcoins?Liquidity: The Fundamental Driver of Price ActionMerton’s theory hinges on one key principle: liquidity. According to him, the fundamental element that drives crypto prices higher or lower is the liquidity within the market, specifically, stablecoin liquidity.He explained how in periods of increasing stablecoin liquidity, prices across the crypto market tend to rise. Conversely, when stablecoin liquidity begins…
The music NFT platform Sound.xyz has acknowledged Vitalik Buterin, a co-founder of Ethereum, with a Eurodisco dance tune nicknamed “V-Buterin.” Importantly, the music is free to listen to till June 19 at 7:00 p.m. Sound.xyz, a Web3 music portal, provides it as a free-to-mint NFT for interested investors and NFT aficionados. According to Dune analysis, since the announcement of Optimism’s debut on June 13, the music NFT distribution network Sound.xyz has minted more than 150,000 music NFTs on Optimism this month, which is about the same as the number of music NFTs minted on Ethereum over the last year. The…
New York-based digital assets platform Baakt is delisting Solana, Polygon and Cardano, citing regulatory uncertainty. The company’s general counsel and secretary Marc D’Annunzio told Fortune it was taking action “until there is further clarity on how to compliantly offer a more extensive list of coins.” The delisting decision follows the recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) this month against crypto exchanges Binance and Coinbase, in which the SEC alleged both platforms were offering unregistered securities to their customers, including Solana, Polygon and Cardano. The SEC’s actions have also led to a reassessment of token listings…
