Author: Crypto News Live

Join Our Telegram channel to stay up to date on breaking news coverage Solana (SOL) price has not recovered from the November dip, an outcome that linked to the prolonged bear market. The absence of a proper catalyst has also left SOL overly volatile as bears and bulls grapple for control. This was seen between January 15 and June 8, when the altcoin consolidated horizontally within a fixed range. Upward, Solana price was rejected from the $26.30 resistance level while it floated above the $17.14 support level. Based on the price action within this range, SOL could be coiling up…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The daily timeframe structure and trend favored the sellers. A reversal was a possibility but another 12% drop appeared more likely. Bitcoin [BTC ] had a strong bearish outlook on the higher timeframe price charts. The $25.2k level was a critical support level- it had acted as resistance in February and March, but the bulls were exhausted by the relentless selling pressure in recent weeks. Read Bitcoin’s [BTC] Price Prediction 2023-24 Investors fled toward self-custody and supply on exchanges…

On-chain activity like user activity and transactions surged higher for Arbitrum.  At the time of writing, ARB was down 7.82% over the past 24 hours. Popular layer-2 (L2) rollup Arbitrum [ARB] has been on a roll since the launch of its native token in March. It recorded an uptick in most of its key performance indicators (KPIs), according to a report by on-chain analytics firm Nansen. Nansen noted that unlike many of its predecessors who failed to sustain traction following their AirDrop, the largest Ethereum [ETH] scaling solution managed to buck the trend. Realistic or not, here’s ARB’s market cap in BTC…

In August 2021, Ringers #879 became one of the most expensive NFTs ever sold at 1,800 ETH ($5.9 million). Two years later, the NFT from Dmitri Cherniak’s groundbreaking generative art project, affectionately known as the “Goose,” has found a new home with Punk6529 via Sotheby’s Grails: Part II auction. The winning bid was $5.4 million, but with the buyer’s premium, the total is actually over $6.2 million. Knowing the history of Ringers #879 is critical to understanding why it sold for such a high amount and why the auction has just about everyone in Web3 captivated. What is Ringers? Ringers is…

However, the reliance on AWS is concerning.While Ethereum itself is a Layer-1 blockchain network (and is therefore entirely decentralized), when we look down the tech stack, the majority of nodes that run it are reliant on AWS.The good news is that some node operators recognize this; and over time, less and less Ethereum nodes use AWS for their cloud hosting service.The ultimate solution would be for node operators to move over to a decentralized protocol like Internet Computer (ICP – which we did a deep dive on in a recent edition of Over The Shoulder).But until then, let’s hope for…

Deep-pocketed Dogecoin (DOGE) investors have abruptly moved hundreds of millions of dollars worth of the meme asset during the last 24 hours. According to new data from whale-tracking platform Whale Alert, high-net-worth DOGE traders have moved about $335,000,000 million dollars worth of the dog-themed memecoin during the last day. Of the seven notable transactions on Whale Alert’s radar, which were similar in nature, just one of them was under the $48 million mark. The transactions include: 800,000,000 DOGE worth $48,253,834 transferred from one unknown crypto wallet to another unknown crypto wallet. 800,000,000 DOGE worth $48,286,187 transferred from one unknown crypto…

Animoca Brands, in collaboration with NFT platform Rarible, has launched a dedicated marketplace for its membership NFT collection – Mocaverse. The Mocaverse Marketplace operates on the decentralized infrastructure of Rarible Protocol, gaining authorization from RARI token holders via the RARI Foundation.The primary goal of the Mocaverse Marketplace extends beyond offering a trading platform for Mocas. It aims to reinforce trading security, validate the authenticity of these assets, and reduce the risk of encountering malicious software.For a limited time, Mocaverse will offer 0% platform fees on native listings of its collection. The marketplace is committed to respecting royalties on all transactions.…

World’s largest asset management firm files a Bitcoin ETF registration statement with the US SEC.  The crypto custodian for this trust would be Coinbase and the cash custodian will be Bank of New York Mellon.  Blackrock – the world’s largest asset management firm with over $10 million in AUM – has filed spot Bitcoin Exchange Traded Fund [ETF] registration statement. This could soon be followed by the firm filing an SEC application for a spot Bitcoin ETF. Notably, the firm has joined the effort of getting a spot in Bitcoin ETF in the market despite the US Securities and Exchanges…

Avalanche and Solana are among the most credible Ethereum competitors on the market today. The two blockchains are similar in terms of user experience, as they both offer very fast and cheap transactions to users transfering tokens and interacting with smart contracts. However, there’s also a number of key differences between Avalanche vs. Solana. In this article, we’ll compare the two projects and recommend which one you should choose based on your needs.  Avalanche vs Solana — Side-by-side comparison Before we take a closer look at the differences between the two blockchains, let’s go through a quick comparison of Avalanche…

The recent altcoin crash has been a significant setback for many cryptocurrencies, and Cardano is no exception. The SEC’s security claims have sparked a wave of uncertainty in the market, leading to a widespread sell-off. This sell-off has been particularly harsh on altcoins, which have seen their prices plummet. Amidst this turmoil, Bitcoin’s dominance continues to rise, casting a long shadow over altcoins, largely impacting the Cardano (ADA) price.Cardano Network’s Developments Give Bullish PromisesRecent lawsuits by the U.S. SEC against Binance and Coinbase, labeling Cardano as a security, led to a drop in its price to $0.23. Despite this, some…