Author: Crypto News Live
A prominent crypto analytics firm says that Bitcoin (BTC) and Ethereum (ETH) fees are plummeting as the speculative frenzy around digital assets loses steam. New data from market intelligence platform IntoTheBlock reveals that the total fees associated with the crypto king and the leading smart contract platform have dropped 32% and 24.4% this week, respectively. “Bitcoin and Ethereum fees have taken a notable dive this week, dropping by 32% and 24% respectively. Looks like the speculative frenzy might be simmering down. Will this trend continue or is it just a temporary pause?” Source: IntoTheBlock/Twitter IntoTheBlock also notes that whale activity…
Bitcoin’s recent price drop led to increased supply in loss, with 2.71 million BTC affected. The press time MVRV showed an undervaluation of BTC, as the price slightly declined. Following its surge to the $30,000 price range earlier this year, Bitcoin [BTC] experienced a subsequent decline that caused a portion of its supply to incur losses. A recently released report by Glassnode provided detailed insights into the number of BTC affected by this price drop and the corresponding percentage of loss incurred. Read Bitcoin’s [BTC] Price Prediction 2023-24 Bitcoin supply in loss increases On 11 April, the price of Bitcoin…
Blockchain The proposal seeks to install Uniswap on the Fantom chain using the Axelar cross-chain interoperability protocol, a strategic move that will capitalize on existing market possibilities and boost Uniswap’s position in the DeFi domain. Fantom Chain is a smart-contract platform that is extremely scalable and secure, allowing for the quick deployment of dApps. Fantom provides quick, safe, and low-cost transactions because of its unique Directed Acyclic Graph structure and powerful consensus process. Fantom is EVM compatible, letting developers port and deploy their current Ethereum dApps on the Fantom Chain with ease. Because of this compatibility, as well as Fantom’s…
NFT Non-fungible token (NFT) lending platform Astaria is launching publicly after a lengthy closed beta period. The platform, co-founded by former decentralized finance (DeFi) protocol SushiSwap CTO Joseph Delong, allows NFT holders to lease their assets to traders who may not be able to afford a blue-chip NFT in a single purchase. With support for over 300,000 NFTs, Astaria seeks to pump liquidity into the greater Ethereum-based NFT ecosystem. However, unlike other NFT lending platforms that operate peer-to-peer with borrowers and lenders, Astaria is utilizing a third party to facilitate its lending market, tapping NFT appraisal service Upshot to serve…
TL;DRTo recap on ‘Pig Butchering’ scams: Scammers find vulnerable people, usually on dating apps, build trust with them (known as ‘fattening them up’) and then get them to invest in crypto.Where in the past, all communication has been virtual, there’s been a recent spike in luring vulnerable people to in-person jobs.When the FBI puts out a Public Service Announcement about off-shore crypto scams, its worth sharing.Full StoryPretty intense title, we know….We’ve written about the ‘Pig Butchering’ scam before.To recap: Scammers find vulnerable people, usually on dating apps, build trust with them (known as ‘fattening them up’) and then get them…
Meta AI recently published pre-print research showing off a radical new “Megabyte” framework for building generative pre-trained transformer (GPT) systems. Dubbed “promising” by OpenAI’s Andrej Karpathy, former director of artificial intelligence at Tesla, the new architecture is designed to process large volumes of data — such as images, novels and video files — without the use of a process known as tokenization.Promising. Everyone should hope that we can throw away tokenization in LLMs. Doing so naively creates (byte-level) sequences that are too long, so the devil is in the details.Tokenization means that LLMs are not actually fully end-to-end. There is a…
Bitcoin has been going up in price since the start of 2023, but it has started to show signs of a possible reversal. It faced strong resistance at the $30K level and couldn’t break through. Moreover, it hasn’t been able to maintain support above the previous levels of around $26,500, which is not a good sign.However, according to Altcoin Sherpa, Bitcoin may slip down to the $25k level. He discussed the current market situation and highlighted that Bitcoin and other cryptocurrencies are experiencing a significant decline in value.He mentioned the importance of the 24K to 25K price range, which has…
Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value.A study published by CoinGecko shows that popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value during the period studied, from January 1, 2022, to May 24, 2023. Metaverse land prices comparison. Source: CoinGeckoAs shown above, the most expensive property at the time, Otherdeeds by Otherside, which once sold properties for 5 Ether (ETH), is currently selling at 1.09 ETH, down by 78.2%. The Sandbox and Decentraland…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Balaji’s Bitcoin bet was never about just the prices. Bitcoin to $1.2 million by 2029, according to our bold predictions (take it with a bucket of salt). In March, Balaji Srinivasan, former Coinbase CTO, and cryptocurrency advocate, made a bet that Bitcoin [BTC] would reach $1 million in mid-June. When the bet was made, he insisted that the US economy would enter hyperinflation soon. Later in March, he warned that hyperbitcoinization could arrive faster than anticipated if the government…
Blockchain Payment giant Mastercard finds that crypto and blockchain are useful and can bring much more value to financial industries as a whole, but only when they tackle the security and ease of use issues in order to build trust. Raj Dhamodharan, Mastercard’s EVP and head of crypto and blockchain, spoke during a North America Innovation Day event, and said that the novel technologies of blockchain and crypto are becoming more popular globally. However, Dhamodharan noted, the lack of security and complex user interactions limit the technologies’ use cases and utilities. Therefore, while crypto technology has the ability to store…
