Author: Crypto News Live

Crypto enthusiasts are eagerly watching Ethereum (ETH) and Bitcoin (BTC) as a top analyst, Justin Bennett, shares valuable insights on their current status. Ethereum at $1,890 next week?According to Bennett in his recent tweet, Ethereum is at a critical point of around $1,835. This level controls ETH’s next move. Will it rise above $1,890 next week? Will they resist? Ethereum is currently valued at $1,831, below Bennett’s important threshold. However, breaking above $1,835 might push Ethereum to $1,890 in the coming week, while resistance could spell a struggle. Ethereum’s price is currently at $1,831, close to this critical level.Bitcoin Price AnalysisIn relation…

Blockchain A commercial open chain Fibonacci, which deals with the social sector and develops an economic ecosystem for creators, has collaborated with Alchemy Pay. The latest collaboration is focused on the provision of smooth fiat off-ramp and on-ramp solutions that consumers can leverage on its platform. The respective partnership enables Alchemy Pay to offer a consumer-friendly plugin straight to developers to develop apps on the blockchain platform of Fibonacci with the least expenses. The fiat-crypto ramp solution is now available on @FIBOGlobal, offering a seamless transfer between fiat and crypto via users’ preferred payment methods. $FIBO can also be purchased…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bitcoin (BTC) trading can be both lucrative and challenging. Developing effective trading strategies that can help traders navigate complex and ever-changing market conditions is one way to go about it. This is especially true as far as the world’s largest cryptocurrency is concerned, an asset that is no stranger to volatility over the years.  For a long time, the crypto’s price hovered between $200 and $1,000 on the price charts. However, in late 2017, BTC’s value exploded, hitting an…

NFT Binance is releasing an NFT lending feature. The new feature plans to give NFTs more utility. Binance’s new feature directly rivals Blur’s NFT lending protocol Blend. In the fiercely competitive landscape of NFT marketplaces this year, platforms like Blur have set the bar high, pushing other marketplaces such as OpenSea, Magic Eden, and LooksRare to compete for relevance. Now, Binance looks to intensify the race for dominance with its entry. Throughout this year, Binance has been actively expanding its NFT offerings, experimenting with different initiatives, including generative AI. In a strategic move to establish its presence in this high-octane…

Blockchain tokenization is the process of converting real-world assets into digital tokens on a blockchain, representing ownership or rights over the assets.What types of assets can be tokenized?Various assets can be tokenized, including real estate, artwork, collectibles, intellectual property, financial products, and even supply chain components.What are the main types of tokens?There are three main types of tokens: security tokens (representing ownership), utility tokens (providing access to a product or service), and non-fungible tokens (NFTs, representing unique digital items).How does tokenization benefit investors and asset owners?Tokenization offers benefits such as enhanced liquidity, fractional ownership, increased security, reduced costs, and global…

In a recent Twitter thread, blockchain educator Tobias Ilskov offered a comprehensive update on Hydra, Cardano’s Layer 2 scaling solution. Ilskov’s insights, coupled with a detailed explanation of Hydra by Matthias Benkort, Technical Director of Open Source Development at Cardano Foundation, provide a clearer understanding of Hydra’s current status and future prospects. Benkort describes Hydra as an open-source framework designed to create off-chain ledgers, thereby enhancing the efficiency of blockchain usage. Developed jointly by the Cardano Foundation and IOG, Hydra is a state-channel solution that allows for fast-paced transactions on a private network, known as a Hydra Head. The transactions…

Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities. According to an announcement sent to Cointelegraph, Cronos Labs handpicked eight projects to participate in their accelerator program. Each of the selected projects — namely Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network and CorgiAI — received upfront seed funding of $30,000 to commence a 12-week program.The chosen projects cover a diverse range of areas, including Web3 game development, decentralized social…

BitMEX founder Arthur Hayes says that the macro environment is starting to look favorable for Bitcoin (BTC). In a new interview on the “What Bitcoin Did” podcast, the crypto veteran says that the government will do what it usually does during a debt deadline crisis, which is wait until the last moment and before raising the limit. According to Hayes, lawmakers will likely use the debt ceiling crisis as an opportunity to get what they want from their political rivals. “Usually what happens is they delay, delay, delay… Then you know, they get to the date… The market starts tanking,…

With over 900,000 users, Uniswap registered its highest monthly increase since the year began. Avalanche and StarkNet followed suit, but Uniswap’s liquidity decreased. May has proven to be a remarkable month for the Uniswap [UNI] protocol, as its monthly users grew from around 800,000 at the beginning to 969,466 as of this writing. The data, acquired from Token Terminal, revealed that this was the highest growth the Ethereum [ETH]-based Decentralized Exchange (DEX) has seen all year long. Realistic or not, here’s UNI’s market cap in AVAX terms Increasing participation and competition For most of the first quarter (Q1), the project…

Blockchain Data indexing plays a vital role in the functioning of the crypto market, enabling efficient and reliable access to blockchain data. It involves the organized and structured categorization of blockchain information, making it easily retrievable and usable for developers and users. To provide more accessibility to users, SubQuery has announced its indexing support for Evmos, a proof-of-stake (PoS) network that facilitates seamless value transfer between the Ethereum and Cosmos ecosystems. SubQuery Extends Its Indexing Support For Evmos In a significant move, SubQuery, a leading provider of flexible and decentralized data indexing solutions, has announced its indexing support for Evmos,…