Author: Crypto News Live
The Solana price has been dropping since April. It has finally lost a key support line at $20, marking the end of the bullish trajectory that began earlier this year in January. Both the price action and wave count hint at a series of falls that are on the way for the high-cap altcoin. A price correction is in progress for SOLPrice predictions for SOL look grim as the current downward trend is likely to stretch into the coming weeks. The coin has lost 8.12% in the last seven days. The performance on the monthly chart is worse at 11.4%. SOL 1-year…
Key Takeaways The DOJ announced today that it seized 50,676.17 BTC from a Silk Road exploiter in November 2021. The haul is one of the largest in DOJ history. The U.S. government is currently one of the largest Bitcoin whales, and owns over 214,046 BTC at minimum. Share this article Over the last few years, the United States government has become one of the largest Bitcoin whales simply by seizing illegally obtained funds. Eventually, it will probably seek to liquidate these funds through private auctions.Over 50,000 BTC SeizedThe United States government owns an enormous amount of Bitcoin.Today, the Department of…
Ethereum’s beacon chain runs into problems. Validators remain undeterred. Traders begin to take short positions. Compared to other cryptocurrency networks, the Ethereum [ETH] protocol has run smoothly for the most part. However, in recent times, it was observed that Ethereum was facing some problems on its beacon chain. Is your portfolio green? Check out the Ethereum Profit Calculator According to 12 May data, the beacon chain of the primary Ethereum network encountered an issue for approximately 30 minutes. It is currently being investigated by the developers. What’s shakin beacon One of the developers stated that the beacon chain stopped finalizing transactions…
In a sudden announcement today, Andy Chorlian, Co-Founder and CEO at the Fractional Token Company, revealed that Web3 platforms Tessera and Escher would begin slowly winding down operations in the near future. Launched in 2021 under the name Fractional Art, Tessera made a name for itself as a Web3 service that specializes in the fractionalized ownership of NFTs, allowing fans to own a piece of blue-chip NFTs like Bored Apes or CryptoPunks. The platform also powers Nounlets, an experimental NFT initiative that allows for the collective ownership of a single Noun. Escher, which launched in March 2023, was designed as…
Blockchain Meria, a prominent player in the French-speaking landscape of blockchain and cryptocurrency technologies, has proudly announced its collaboration with Chiliz, the leading provider of blockchain solutions for the sports industry. As part of the agreement, Meria will participate as a validator in the public launch of Chiliz’s blockchain platform, Chiliz Chain, demonstrating the companies’ joint dedication to extending access to blockchain technology and digital currencies. Félicitations à @Chiliz pour le lancement de la #ChilizChain! 🚀Meria, en tant que l’un des 3 premiers validateurs, est ravi de participer à cette aventure qui transformera l’industrie du sport grâce à la #blockchain.…
NFT Inspect recently announced entering a partnership with Polygon Labs. The collaboration will see Inspect integrating Polygon-based NFTs while cultivating new use cases. At the same time, the Web3 innovator will gain new technologies and tools to drive usefulness in NFT and Web3. As a valuable part of the Polygon Ecosystem, Inspect has reaffirmed its aim to devise an inclusive and multi-chain environment. Polygon informed users about the partnership via an official tweet. On the other hand, Inspect released a full-fledged post that shed light on the development. The post mentioned how the collaboration would focus on the following: Boosting…
TL;DRUniSwap just outpaced Coinbase in trade volume for the fourth straight month.The people who typically use DEX’s are slightly more sophisticated crypto investors than those who trade on a CEX like Coinbase.Either, the only investors left in the crypto space are sophisticated ones; or people are starting to catch on to the idea that it’s dangerous to hold your crypto on a CEX and learning how to use a DEX instead.Full StoryUniSwap just outpaced Coinbase in trade volume for the fourth straight month.Does that sentence get you all giddy inside?(If not, it might by the end of this article).Here’s why…
Implied volatility for Ethereum took a massive plunge. Ethereum Foundation sold some of its ETH holdings. As part of its growth roadmap, the Ethereum protocol is supposed to undergo numerous changes and upgrades. Now, interestingly, every time there is some upgrade on the network, the Implied Volatility (IV) of ETH increases. Realistic or not, here’s ETH’s market cap in BTC terms However, over the last few days, Ethereum’s Implied Volatility has declined. According to data provided by GreeksLive, the long-term implied volatility (IV) for ETH ATM (At-the-Money) options reached a historic low of 50%. Consequently, the IV levels for ETH…
The Sandbox brings another huge event to their growing ecosystem. The May Festival offers more events, more prizes and also coincides with their latest land sale! The Sandbox brings us their latest major event, known as May Festival. It includes over 70 experiences to play, and 1 million in SAND tokens as rewards! This event runs from May 11th through June 12th and offers special rewards for both Land holders, Avatar holders, and even bonuses for other, partner NFTs. May Festival Info 200 is the important number here. 200 quests to be more precise. Both land and avatar owners have…
This is an Op-Ed piece by Evald-Hannes Kree, Swapin CEO. When people think about the future of finance, they often imagine a world where blockchain, smart contracts, and decentralized finance (DeFi) have completely revolutionized the way we interact with money. But as much as we love to envision a future where Web3 technologies dominate the financial landscape, we must acknowledge that the traditional Web2 world will not vanish overnight. As someone deeply involved in the integration of Web3 and Web2 financial systems, I have had a front-row seat to the challenges and opportunities that arise when trying to connect these…
