Author: Crypto News Live
Former Goldman Sachs executive and macro expert Raoul Pal is bullish on Solana (SOL) based on his interpretation of the technical analysis. Pal says in this week’s Global Macro Investor (GMI) newsletter that the Ethereum (ETH) competitor and 11th-largest crypto asset by market cap is “getting ready” for an upward move. The macro guru says that Solana has undergone consolidation after completing a pattern that indicates a reversal from a bearish to a bullish trend. “Solana looks like it’s getting ready to make its next move higher after a period of consolidation following the inverse head and shoulders breakout in…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ATOM’s bearish momentum had the bears with the upper hand at the time of writing However, ATOM could see a reversal as more traders held longer positions ATOM’s bearish momentum from mid-March has seen the altcoin’s price drop by over 20%. Despite a bullish rally in mid-April, the intense selling pressure has seen ATOM crash to $10.51, as of press time. Read Cosmos’ [ATOM] Price Prediction 2023-24 While Bitcoin [BTC] and the general crypto market experienced mild gains in…
As the summer fast approaches, the 1/1 exhibition season is almost upon us. And as the first in a growing roster of events celebrating the constantly evolving fine art NFT space, SuperRare has announced an exciting two-month exhibition takeover at 0x.17 Gallery located in New York City’s Seaport. Opening its doors on June 1, SuperRare at the Seaport aims to unite digital artists, collectors, and enthusiasts in a captivating space that offers an immersive environment for experiencing the exceptional artists that populate the prominent curated marketplace. Here’s what you should know. SuperRare at the Seaport During the gallery’s two-month pop-up, the…
Blockchain Milkomeda, a Layer 2 protocol that brings EVM capabilities to non-EVM blockchains, has announced the news of a major deployment to the Cardano Ethereum-compatible sidechain, Milkomeda C1. According to it, the newest bridge contract, v5 on mainnet C1, was just successfully deployed. It notes that this is one of the most important steps toward the upcoming Milkomeda C1 v2 release. The newest bridge contract v5 on mainnet C1 was just successfully deployed 🎉Congrats to the team and the validatorsThis is one of the most important steps towards Milkomeda C1 v2!More info about what’s v2 here 👇 — Milkomeda (there…
NFT NFT smart contracts are digital agreements that use computer code to enable the creation, ownership, and transfer of non-fungible tokens (NFTs) on a blockchain ecosystem. Without them, NFTs wouldn’t exist. They are the backbone of an industry that’s worth billions of dollars, and they play a fundamental role in keeping the NFT ecosystem secure and transparent. NFT smart contracts are not so different from regular smart contracts regarding their underlying technology —the difference lies in their functionality. Let’s wind back and have a quick refresher of what smart contracts are, then we’ll see how they apply to NFTs and…
The smart contract platform Cardano ($ADA) has seen significant growth in its transaction volume so far this year, as the network keeps on growing amid what appears to be a resurgent wave of investor interest. In a newly published analysis by data analytics firm IntoTheBlock, Cardano was recognized for its robust on-chain performance in recent months. According to the analysis firm, Cardano’s transaction volume has seen a 205% increase year-to-date, amid a steady wave of whale accumulation of ADA that’s been observed. The figure shows over 26 billion ADA are now transacted daily. 5/ We also see a clear increase…
BTC’s growing dormant supply demonstrated investors’ lack of willingness to sell. Investors’ sentiment was tilted towards the negative side, in sync with the low volatility phase. Bitcoin [BTC] has entered a phase of consolidation, with trades over the past week hovering within the narrow range of $26,600- $27,500, according to on-chain analytics firm Glassnode. This phase was similar to the one witnessed during the first week of 2023, when the volatility of the king coin plunged to record low levels. How much are 1,10,100 BTCs worth today? Due to the absence of volatility in either direction, Bitcoin’s market witnessed significantly…
On May 24, Art Blocks will release its latest collaboration, a unique, multi-stage NFT project with the Lumen Prize-winning artist duo Operator. The project, titled Human Unreadable, is a 400-piece avant-garde exploration of art, choreography, and technology. It forms the latest addition to Operator’s critically acclaimed Privacy Collection, which explores themes of transparency and privacy in Web3. Ania Catherine and Dejha Ti — the minds behind Operator — have meticulously crafted an embodied generative art experience with Human Unreadable, with each unique work being driven by the motion data of an underlying on-chain choreographic sequence. This fusion of code, choreography,…
Blockchain MIAMI BEACH, Florida – TBD, a division of Jack Dorsey’s financial-technology company Block (SQ), has launched a new open-source toolkit for its Web5 project, designed to make it easier for developers to create decentralized Internet applications. The collection of technologies includes tamper-proof, self-owned identifiers similar to email addresses or usernames called decentralized identifiers (DIDs); secure digital certificates called verified credentials (VCs) that provide legal proof of things like name, age and ownership of assets; and decentralized web nodes (DWNs) that store data in a decentralized way. The full Web5 platform is expected to launch later in 2023, but with…
NFT Sotheby’s on Friday concluded its sale of several rare non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC) expansive collection, bringing in $2,482,850 to recoup some of the lost funds. The auction house launched its multi-part sale featuring NFTs from the Grails collection, formed as part of 3AC’s asset portfolio primarily in 2021. The Singapore-based hedge fund filed for bankruptcy in July. Teneo, 3AC’s liquidator, published a notice in February outlining its intent to sell an expansive list of NFTs estimated to be worth millions. Sotheby’s refers to the contents of the Grails collection as…
