Author: Crypto News Live
The number of Dogecoin transactions spiked higher thanks to the recent introduction of the DRC-20 token standard.Dogecoin transactions spikeUsing data compiled from bitinfocharts.com, Mishaboar noted that daily Dogecoin transactions had gone parabolic recently — peaking at around 630,000 on May 14.While this peak fell marginally short of Bitcoin, it was still enough to surpass Litecoin — which had around 350,000 daily transactions then.It was noted that Bitcoin and Litecoin daily transactions have since trended upwards, as Dogecoin’s daily transactions take a dip.Behind this move is the introduction of the DRC-20 fungible token standard, with Mishaboar saying users are piling into…
AGIX crypto did something that perhaps less than a handful of cryptocurrencies managed to achieve so far this year. It bounced back to a new historic high, compared to its highest level towards the last bull market peak in 2021. Read AGIX crypto price prediction for 2023/2024 The reason for the strong AGIX performance is quite simple and noteworthy for those wondering about its future. Artificial intelligence has been one of the hottest topics since the start of 2023. As such, it is only logical that many in the crypto-industry would seek out projects that are AI-oriented. AGIX happens to…
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s becoming increasingly difficult to keep up with all the news, launches, and general happenings. Well, you can put the days of endless Twitter and Discord scrolling behind you as we pull together a weekly list of upcoming NFT drops you definitely don’t want to miss.…
Blockchain Threshold Network is now working with cross-chain token protocol Wormhole in an effort that hopes to allow the easy movement of a tokenized representation of bitcoin (BTC) to some twenty blockchain ecosystems. Wormhole proposed the integration to the Threshold community in mid-April, saying its objective was to help threshold bitcoin (tBTC) become the dominant bitcoin representative token in on-chain DeFi ecosystems. That agreement won strong community support and was fully approved on April 29 after a governance vote. tBTC is a Bitcoin-backed token that allows users to access the Ethereum and cross-chain DeFi ecosystem. Each tBTC token is fully…
NFT The ‘mainstreamification’ of NFTs initially gained traction in the art world, addressing the industry’s inherent problems and presenting a use case that was relatively easy for the average consumer to grasp. Since then, new trends have emerged, shaping the face of NFT art today and impacting its future trajectory. Notably, the recent popularity of Bitcoin NFTs and open edition collections demonstrates that artists, collectors and the art community still value NFTs, despite the criticism these assets have faced since their rise to prominence. An industry marred by tradition and middlemen The art world is notoriously challenging to break into,…
TL;DROf the roughly 4.25 million BTC that are considered ‘ancient supply’ (meaning they were mined more than 7 years ago), only ~356k of them have ever changed hands!On Thursday, 139 BTC, which hadn’t been touched since June 2011, moved into a newly created segregated witness (SegWit) address.The owner of the BTC has lost their conviction about the cryptocurrency and are gearing up to sell (at a huge profit).The owner may have simply moved the BTC for their own security.Full StoryFun fact of the day: of the roughly 4.25 million BTC that are considered ‘ancient supply’ (meaning they were mined more…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The first quarter of the new year brought a stop to the heartbreak investors repeatedly experienced in 2022. However, the balance of the crypto-market has been nothing close to the AI hype of the same period. What is the sole reason, though? ChatGPT! In fact, the natural language processing tool has accustomed itself to providing human-like conversations. As luck would have it, ChatGPT has proven to be worthwhile for traders and analysts too. Here, it’s worth noting that these…
OpenAI boss Sam Altman is reportedly in “advanced talks” of securing $100 million funding for Worldcoin, a project aimed at creating a collectively owned and globally distributed cryptocurrency.A Financial Times report published on May 15, which cited sources with knowledge of Worldcoin’s funding talks, stated that the $100 million will be sourced from a mix of “existing and new investors.”When it was first revealed to the world, the startup boasted a Series A funding round led by a16z, with investors that also included Digital Currency Group and Coinbase Ventures as well as former FTX CEO Sam Bankman-Fried and LinkedIn co-founder…
Several macro factors could stop BTC from a quick resurgence. The UTXO signaled a possible preparation for a pre-halving hike. Bitcoin’s [BTC] recent recovery might have brought hope to many investors and enthusiasts, signaling a potential reversal of the bearish trend that has plagued the cryptocurrency market. Is your portfolio green? Check the Bitcoin Profit Calculator However, short-term investors might need to approach this recovery with caution. This is because there are factors that may restrict Bitcoin’s revival, MAC_D, a CryptoQuant analyst opined. The on-chain analyst mentioned that the coin’s prospect could be limited significantly because of the macroeconomic factors.…
Dogecoin transactions surpassed 650,000 on a day some of the older cryptocurrencies lagged behind. The hike has caused challenges on the Dogecoin blockchain. Dogecoin [DOGE] experienced a significant surge in daily transactions, outpacing that of Bitcoin [BTC] and Litecoin [LTC]. Mishaboar, a prominent Dogecoin community member, made the update known on 5 May. Daily #Dogecoin transactions have skyrocketed to ATH (650k), surpassing #BTC and #LTC transactions today due to folks trying to cram tokens (DRC20 “standard”) and other stuff on top of the Dogecoin network. Many have been rushing to mint these “tokens” over the past two days. pic.twitter.com/Vt60MxX1no —…
