Author: Crypto News Live

Crypto companies suffered a dramatic year-on-year decrease in venture funding in the first quarter of 2023, according to the data analysis firm PitchBook. PitchBook notes in a new quarterly report that crypto companies raised $2.6 billion in global venture capital in 2023 Q1, a 78% decrease from the first quarter of last year and the lowest amount of money invested in the sector since the fourth quarter of 2020. The firm also reveals that crypto companies closed 353 deals in Q1, which represents a 64.4% decrease from the number of deals in the same period last year. PitchBook says that…

Bitcoin selling pressure rose as short-term holders saw profits. MVRV ratio indicated that long-term holders may not sell. Over the last month, Bitcoin’s [BTC] price fell after reaching the $30,000 mark. Inasmuch, many short-term traders capitalized on this price correction and began accumulating BTC after the prices fell. Read Bitcoin’s [BTC] Price Prediction 2023-2024 BTC under pressure However, over time, these short-term traders saw profits. According to Glassnode’s data, most short-term holders began seeing profits after BTC’s price surpassed $25,200. At press time, BTC’s price was $26,765.18, according to CoinMarketCap. This indicated that many short-term holders were already profitable. This…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The sentiment remained bearish behind DOGE on higher timeframes. The defense of this zone in 2023 meant that a brief move beneath it could trap early short sellers. In a 12 May report, the bearish bias of Dogecoin on the higher timeframes was highlighted. The on-chain metrics showed increased selling pressure in May and the possibility of DOGE being undervalued. This has not changed. Read Dogecoin’s [DOGE] Price Prediction 2023-24 Bitcoin’s foray beneath the $26.2k mark showed that the…

Blockchain Flare Network (FLR), a Ripple-backed Ethereum Virtual Machine (EVM) protocol, has unveiled its latest partnership with multinational tech giant Google Cloud. As reported by the protocol, its API Portal is now integrated with the Google Cloud Marketplace, a move that allows anyone who uses Google Cloud can enjoy easy access to all of the API Portal’s current APIs via their existing Google Cloud account. With #Flare’s @APIPortal now integrated with @googlecloud Marketplace, anyone who uses Google Cloud can enjoy easy access to all of the API Portal’s current APIs via their existing Google Cloud account. 1/5 https://t.co/Cb2zhnNN4Q — Flare…

NFT Digital mental health collective Peace Inside Live is releasing a wellness-inspired non-fungible token (NFT) collection to raise funds for mental health in the Web3 space. The company is teaming up with 11 partners, including alternative wellness advocate Deepak Chopra’s metaverse organization Seva.Love, TIME magazine’s Web3 arm TIMEPieces, crypto domain provider Unstoppable Domains, digital artist Adam Bomb Squad and NFT platform House of First, to release the JOMO Effect NFT collection in honor of May’s Mental Health awareness month. With over 40 creators contributing digital art works to the collection, the tokens are available to mint as an open-edition on…

The race for WEB3 has begun. Venture capitalists, cryptocurrency startups, engineers, and visionaries are developing WEB3 (or Web 3.0) powered by blockchain. A new frontier arose, more democratic, decentralized, independent, and ideal for data recovery.But is everything so perfect regarding decentralization and security of infrastructures? No, and numerous cases of man-in-the-middle attacks are proof of that.But to solve the security issue, let’s remember what WEB3 is. The core concept of WEB3 is to solve the security problems caused by centralization and to provide people with authority over their data and identification. So at what level of technology are these unfortunate…

Early stage investment opportunities With the growth of the crypto asset (virtual currency) market, new projects are appearing one after another as of May 2023. These projects generally use a method called “token sale” for the purpose of raising funds, but the selling method has become more diversified and complicated in recent years. For general investors, there are many times when it may be difficult to understand how the token sale works and how to participate. In this article, we will explain the overview of the token sale, types, sales locations (platforms), and points to check when participating. table of…

BlockGPT, a recently launched Web3 company, announced the launch of its ‘chat to earn’ artificial intelligence (AI) service and related blockchain ecosystem on May 11. According to the company, BlockGPT aims to create a decentralized, token-governed chatbot on the blockchain with similar functionality to OpenAI’s ChatGPT.$BGPT is not the only token in #BlockGPT ecosystem. We’re excited to introduce $AIBGPT, a free airdrop token belonging to the BlockGPT community. It has a total supply of 10,000,000,000,000. But act fastit’s first come, first serve!Threads#AI #Airdrop #memecoins #BNB pic.twitter.com/j03IeT0gVY— BlockGPT BSC (@BlockGPT_BSC) May 10, 2023 The AI model’s launch comes alongside the offering of…

Bitcoin futures market experiences mixed reception post-FTX crash, impacting price volatility and utility. Recent data showed a decline in crypto-margined collateral, improving derivative collateral structure. Ever since the dramatic FTX crash, Bitcoin [BTC] has been on a rollercoaster ride of price volatility.  This has impacted its utility in the futures market significantly. According to the most recent data, Bitcoin’s reception in the futures market is a bit of a mixed bag. Also, it has made traders’ interaction with it cautious. Read Bitcoin (BTC) Price Prediction 2023-24 According to recent data, Bitcoin’s reception in the futures market was a bit of…

Key Takeaways The cryptocurrency market has jumped off the back of the Federal Reserve’s latest 0.75% interest rate hike. ETH and other Ethereum-related tokens have rallied on the bounce. The Ethereum ecosystem could have high upside in the next crypto bull market. Share this article Many Ethereum-related tokens are outpacing ETH in the latest market rally. Market Surges Off Back of Fed HikeMacro conditions may still look bleak, but that hasn’t stopped the crypto market from surging today. Ethereum-related tokens are the big winners in the latest market bounce, defying another week of bad market news in which the Federal Reserve announced…