Author: Crypto News Live
Investors in Solana’s SOL, Cardano’s ADA, and Polygon’s MATIC, which experienced a sudden sell-off over the weekend, found some relief on Monday. This was due to the relatively stable price of these tokens amidst the overall market turmoil.According to data from CoinMarketCap, SOL saw a 2.7% increase, ADA rose by 4.4%, and MATIC surged by 4.25%. Data also reveals that most of this move was primarily due to the increase in spot trading.Foundations Respond to SEC’s AllegationsIn recent days, the development foundations of these tokens have individually released statements countering allegations made by the U.S. Securities and Exchange Commission (SEC),…
It seems proceedings may soon become even more complex within the U.S. Securities and Exchange Commission (SEC) crypto crackdown. Because today, June 12, House Republicans have begun pushing for significant restructuring of the regulatory body. Last week, the SEC filed civil lawsuits against Binance and Coinbase, citing investor protection failures and customer fund mismanagement. Amidst this landscape, Congressman Warren Davidson of Ohio and House Majority Whip Tom Emmer of Minnesota introduced the “SEC Stabilization Act,” which calls for the removal of the current SEC Chairman, Gary Gensler. SEC Stabilization Act The two GOP lawmakers are accusing Gensler of a series…
Bitcoin’s SOPR could repeat history, helping investors stay profitable ELR indicated renewed interest in opening BTC derivative contracts Expecting a short-term Bitcoin [BTC] recovery is something that many market participants may not hope for. However, a pseudonymous CryptoQuant analyst Crazzyblockk has opined that it is not impossible. How much are 1,10,100 BTCs worth today? According to the analyst, the position of the Spent Output Profit Ratio (SOPR) offers this potential. As a macro market sentiment indicator, the SOPR measures the degree of realized profits moved on-chain. BTC: Offering an advantage to holders Values over 1 of the SOPR suggest that…
What Is Sharding? Sharding is a technique used in distributed database systems to improve performance, scalability, and availability. It involves dividing a large database into smaller, more manageable parts called shards. Each shard contains a subset of the data, and together, the shards form a complete database. In a shared database, data is distributed across multiple servers or nodes. Each shard is responsible for storing and processing a portion of the data, and no single node contains the entire dataset. This allows for parallel processing and increased storage capacity, enabling the system to handle larger amounts of data and higher…
NFT In the ever-revolving NFT world, two significant players have come together to revolutionize the overall experience of traders and collectors: Hominids and Sei. The partnership guarantees to hit new ground in the world of virtual assets by merging Sei blockchain’s power and Hominids’ innovative vision. The fastest growing NFT platform, Hominids, has rapidly developed itself as a major player in the digital industry, owing to its community involvement, technical expertise, and creativity. The Sei blockchain has also made it to the spot offering excellent performance in scalability, security, and speed. The meeting of the two entities guarantees to bring…
TL;DRWe’re noticing a trend…there’ve been seven funding/development announcements in the Web3 gaming/social space, in the past seven days (with $45M raised).We’re not saying it guarantees that Web3 gaming and social will achieve mass-market adoption…but it’s a positive indicator.Full StoryGoing to an Ivy League school doesn’t guarantee success….but it looks good on a resume.The same way that heightened investment/development in a particular market sector doesn’t mean the space is going to take off….but it’s a positive indicator.Of late, we’ve noticed a trend in Web3 investment and development – or at least, a trend in news stories about Web3 investment and development…So,…
Blast Royale kicks off the summer months with a three week event referred to as Multi-Blast. This free to play event offers a number of ways to plan and earn with this mobile-based, battle royale game! Blast Royale introduces a three week, ‘Multi-Blast’ event, offering players numerous rewards for placing in the top leaderboard positions, and for simply playing the game! This event started on June 8th and runs through June 30th. The Multi-Blast event features two leaderboards, and two additional prizes to everyone who meets certain gameplay goals. First up we have the standard leaderboard with players ranked based…
Hong Kong is offering Coinbase the chance to expand to the region as US regulators crackdown on the digital asset industry. Johnny Ng, a member of Hong Kong’s Legislative Council, has offered to help Coinbase and other digital asset companies relocate to Hong Kong. “I hereby offer an invitation to welcome all global virtual asset trading operators including Coinbase to come to Hong Kong for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance.” The invitation over Twitter comes days after the U.S. Securities and Exchange…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bears halted bullish momentum with a break of key trendline support. Shorts held a 51.4% advantage on the long/short ratio. Litecoin’s [LTC] month-long bullish streak was halted by bears over the past 48 hours with a break of the trendline support. This saw LTC close under the $80 psychological level with price trading at $77, as of press time. Read Litecoin’s [LTC] Price Prediction 2023-24 With Bitcoin [BTC] ranging between the $25.6k and $26.2k levels, LTC could experience further…
Andreessen Horowitz (a16z), the venture capital behemoth known for its role in the ascension of Web3 platforms like Dapper Labs, Foundation, and more, has announced plans to establish its first international outpost in London. The strategic move comes amidst an escalating climate of regulatory scrutiny towards crypto exchanges in the United States, highlighted by a recent lawsuit filed against Coinbase, a former Andreessen Horowitz portfolio company, by the U.S. Securities and Exchange Committee (SEC). Responding to the U.S. crypto climate After over a decade of shaping Silicon Valley’s tech landscape from its Menlo Park base, the firm is now extending…
