Author: Crypto News Live

BTC’s supply on exchanges increased, suggesting it was under selling pressure  Bitcoin’s price increased by 2% in the last seven days, but miners were selling their holdings The month of May was not in the best interest of investors, as Bitcoin’s [BTC] price registered quite a decline. BTC was 8% down as May closed out, the worst month since the last crypto winter. With roughly 6% down so far this quarter; is this the perfect time for investors to accumulate more Bitcoin?  Sell in May and go away was correct. #Bitcoin 8% down as May closes out, worse month since…

Fidelity Investments’ global macro director Jurrien Timmer says that the alternating bullish and bearish cycles of crypto assets are similar to the tech bubble. Noting that Amazon and Apple are some of the tech stocks that emerged as winners from the tech bubble, Timmer says that the crypto industry is in similar circumstances where some digital assets will rise while others die. According to Timmer, Bitcoin (BTC) could be the “Apple” of crypto assets. “Crypto’s boom-bust cycle can be compared to the dot-com bubble of the late 1990s. The internet bubble took many unqualified stocks to astronomical heights, only to…

Bitcoin found strong support levels that coincided with Long and Short-term Holder Cost Basis. Over 30% of BTC holders were in profit, indicating positive market dynamics. Bitcoin [BTC] has been grappling with a persistent psychological hurdle regarding its price. However, a recent Glassnode report indicated that Bitcoin had discovered pockets of support in significant regions despite this stubborn obstacle. These regions aligned with the consensus among long-term and short-term holders. Bitcoin maintains key support areas The price of Bitcoin has experienced some ups and downs recently, undergoing a test of the $30,000 price range only to lose momentum and drop…

Blockchain Blockchain platform Polygon (MATIC) has announced a partnership with telecommunications giant Deutsche Telekom. As part of the partnership, Deutsche Telekom will become one of 100 validators on the Polygon Proof-of-Stake (PoS) network. The collaboration will allow Deutsche Telekom to explore the potential of blockchain technology while ensuring the security and decentralization of Polygon. Through its subsidiary Deutsche Telekom MMS, the company will provide staking and validation services for both Polygon’s PoS network and Supernet solutions, according to a press release. Dirk RÖDER, Head of Deutsche Telekom’s Blockchain Solutions Center, highlighted Polygon’s developer-friendly and secure nature, expressing enthusiasm for the…

NFT Find Satoshi Lab (FSL), the parent company behind popular Web3 game STEPN, is rolling out an artificial intelligence (AI) powered non-fungible token (NFT) generator. Called GNT V3, the tool aims to place creativity within the technological intersections of AI and Web3. Working in collaboration with MOOAR, FSL’s recently-released NFT marketplace, GNT V3 takes a user’s selfie as input to create AI-generated images that are minted on the Solana blockchain. Yawn Rong, co-founder of FSL, said in a press release that GNT V3 has the capability to redefine digital identity in Web3. “This is the advent of a new era…

EngineeringMay 26, 2023·Last updated on May 26, 2023By Paul Costas, Mobile QA Engineer, Stanislav Havrosh, Lead Android, and Oleg Kuplin, Lead iOS EngineerThe Unstoppable mobile app is a powerful tool that enables our community to manage their domains, interact with dApps, and login to websites and applications using their Unstoppable digital identities. We’re excited to announce a number of improvements that allow you to do even more with the Unstoppable Android app, including support for the popular WalletConnect (WC) V2, the ability to connect with external wallet apps, connecting to WalletConnect V2 compatible dApps, and the ability to Login with Unstoppable. In…

While generative artificial intelligence (AI) is capable of doing a vast variety of tasks, OpenAI’s ChatGPT-4 is currently unable to audit smart contracts as effectively as human auditors, according to recent testing.In an effort to determine whether AI tools could replace human auditors, blockchain security firm OpenZeppelin’s Mariko Wakabayashi and Felix Wegener pitted ChatGPT-4 against the firm’s Ethernaut security challenge. Although the AI model passed a majority of the levels, it struggled with newer ones introduced after its September 2021 training data cutoff date, as the plugin enabling web connectivity was not included in the test.Ethernaut is a wargame played within…

Inscriptions accounted for over 39% of transactions and fees on the Bitcoin network. BTC price declined by over 1% as volume remained neutral. Recent reports indicated that the Bitcoin [BTC] network witnessed an unabated surge in inscriptions. These remarkable services on the network have been generating substantial transaction volumes and fees. Inscriptions impact Bitcoin transactions and fees Glassnode’s report sheds light on the continuing significance of inscriptions on the Bitcoin network. The data revealed widespread adoption of BRC-20 tokens largely drove this impact. Remarkably, inscriptions accounted for nearly 40% of all transactions on the Bitcoin network, as outlined in the report. …

XRP, the cryptocurrency associated with Ripple, has sparked renewed interest among investors as it aims to conquer the elusive $1 price milestone. Analyst DonAlt, known for his insightful perspectives, has entered the conversation, offering valuable insights on XRP’s recent rally. With resistance and anticipation in the air, let’s delve into the latest news surrounding XRP’s journey to $1.XRP Struggles, but HopefulXRP finds itself at a critical juncture as it grapples with stern resistance above the $0.50 level, which has impeded its progress toward $1. Despite this challenging hurdle, industry experts and market observers remain hopeful about XRP’s future prospects. Analyst DonAlt recently…

Blockchain Centralization: the hideous enemy of freedom and progress in the realm of distributed ledger technology. It often rears its head as soon as developers encounter scaling challenges. In decentralized protocols, the fastest way to move from point A to point B often ironically involves resorting to some sort of centralized mechanism. Forget ideals like censorship-resistance and independence, devs might cry out, we just want this thing to be quick and cheap! The quest for further decentralization in the blockchain space continues, but for some elements, Stephane Gosselin says, centralization might not be such a bad thing, after all. The…