Author: Crypto News Live
Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens have seen a short hype this week. The NFT market began soaring last week after renowned crypto investor and Twitter Boss Elon Musk tweeted about Milady Maker NFT collection. Below we have listed some of the top-selling NFT collections this third week of May. 10 Top Selling NFTs This Week: Ten top-selling NFTs. Source: CoinGecko.com 1. Wrapped CryptoPunks Wrapped CryptoPunks, an NFT collection from digital asset firm Larva Labs, takes the top rank this week. In the past 24 hours, the NFT collection is up…
Bitcoin’s sum coin age distribution chart displayed a strong decline since 2 May, 2023. BTC’s exchange reserve declined while supply outside of exchanges went up. The overall crypto market took a sideways path recently, restricting most cryptos from showing high price volatility. Bitcoin [BTC] was also not spared, as its price kept hovering below the $28,000 mark for quite some time. Read Bitcoin’s [BTC] Price Prediction 2023-24 Interestingly, CryptoQuant’s analysis pointed out a factor that could have influenced BTC’s relatively restricted price movement over the past few weeks. The BTC price movement was discouraging as after the last price pump,…
On-chain data reveals that Bitcoin (BTC) whales have accumulated tens of thousands of the crypto king over a period of a little more than a month as the flagship digital asset sits in a consolidation zone. According to blockchain analytics firm Santiment, whales, or entities who hold between 1,000 and 10,000 Bitcoin, have accumulated over $2.32 billion worth of the top crypto asset in just the last five weeks. Santiment says that the price of the leading crypto asset went up over 30% earlier this year after BTC whales embarked on a similar accumulation spree between late December of 2022…
Over the past two weeks, Cardano’s price has experienced a significant decline due to bearish sentiment that has taken over the overall cryptocurrency market. During this period, there was a notable decrease in the value of Cardano, with the price dropping by almost 10% from $0.38 to $0.34. However, the coin gained strength and is now trading at the $0.37 level. Based on the data from IntoTheBlock, there is a prediction that ADA may drop to around $0.30 in the upcoming days. However, it all depends on ADA breaking below the crucial support level at $0.35.Within that price zone, approximately 127,000…
Established in 1989, the Renault Company has revolutionized the automotive industry — from the brand’s 1906 Grand Prix win to breaking speed records with turbocharged engines. While the French automaker may be known for its iconic cars and cutting-edge technology, its mission to drive innovation isn’t limited to the road. In December 2022, the team dropped its genesis NFT collection, genR5. Now, they’re making waves in the fashion space with their latest NFT collection, the Racing Shoe5 series. This latest drop is all part of Renault’s larger goal of continually advancing its brand in the Web3 space and beyond. We…
NFT Grammy-winning electronic musician RAC recently teamed up with HIFI Labs to launch the CULT Pass, a dynamic, blockchain-enabled membership pass for his Web3 supporters. Rather than a static digital image, the NFT orb morphs depending on the contents of an owner’s wallet, using special generative seeds based on the artistic vibe of digital artist Andres Reisinger plus visual prompts from text-to-image AI model Stable Diffusion—and audio triggers by RAC himself, of course. “This project tests what’s possible at the intersection of Web3 and AI,” Joe Barham, co-founder and CEO of HIFI Labs, told Decrypt. i’m so proud to announce…
A recent House of Commons Treasury Committee report has stirred a heated debate by recommending that retail trading and investment activity in “unbacked crypto assets, such as Bitcoin and Ether,” be regulated as gambling. The government’s insistence in referring to crypto assets as “unbacked’ during a time of high inflation of a FIAT currency backed only by trust in the Bank of England and the power of the military is a frustratingly common occurrence throughout the report. For example, the phrase “unbacked crypto assets” appears 26 times in the first 20 pages of the main section of the report. However,…
Join Our Telegram channel to stay up to date on breaking news coverage Aevo, the decentralized exchange by Ribbon Finance, has unveiled an innovative addition called the Aevo OTC marketplace. Aevo To Introduce Improved Altcoin Options Trading This development from Aevo expands the trading possibilities beyond the traditional Bitcoin and Ethereum options. The altcoin options available for trading on Aevo OTC will be rotated monthly based on their popularity in the market. Aevo OTC users have the flexibility to customize their options by selecting the strike price and duration. They can also receive real-time quotes from renowned crypto market makers,…
Key Takeaways Rishi Sunak has emerged as the next expected Prime Minister of the United Kingdom. Rishi Sunak appears to hold a positive view of crypto, blockchain, and distributed ledger technologies. While the path forward is not certain, his appointment could well lead to pro-crypto policy change in the U.K. Share this article Rishi Sunak’s appointment as the new British Prime Minister could benefit the U.K.’s burgeoning crypto industry. The U.K. Gets a New PMRishi Sunak will become the U.K.’s next Prime Minister. The news broke Monday after rival candidates Penny Mordaunt and former Prime Minister Boris Johnson dropped out of the…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion DOT faced rejection at 23.6% Fib level ($5.378) after BTC dropped below $27k. Volume dipped below late April’s level; sentiment improved slightly. Polkadot’s [DOT] short-term downtrend persists amidst Bitcoin [BTC] price fluctuations. At press time, BTC lost hold of $27k, setting DOT for price rejection at the 23.6% Fibonacci retracement level ($5.378). Read Polkadot [DOT] Price Prediction 2023-24 DOT has been consistently dropping after losing hold of the $7 psychological level on 18 April. Price action since late April…
