Author: Crypto News Live
NFT NFT trading volume rose 230% in Q1, 2023 with over $4.54B in sales compared to $1.97 billion in Q4, 2022. According to Nansen Data Journalist Martin Lee, the NFT marketplace Blur accounted for most of the volume in the quarter. The number of NFT users also grew significantly during the quarter, although the past few weeks are seeing a decline in volume and user numbers. An analysis of the NFT market by Nansen, a leading blockchain analytics firm, has hinted at a resurgence in the sector in the first three months of the year. Data comparing market performance in…
Web3 • April 26, 2023, 10:00AM EDT Solana wallet Phantom is adding support for the Ethereum and Polygon blockchains on May 1 in its first step to go multichain. Phantom is an app and in-browser wallet extension that has always been focused on providing a clean user experience by showing NFTs within the wallet. It lets users swap and stake tokens within the wallet extension. Now that it’s multichain, each user will see an Ethereum and Polygon address for each wallet address. They can see all their funds on the three networks in one place for each wallet. They will…
The Ethereum Foundation sells a large sum of ETH leading to bearish speculation. Address activity suggests that there is some accumulation despite the FUD. The amount of FUD in the crypto market in the last few days intensified, as investor confidence evaporated. This has been the case, particularly for ETH following the Ethereum Foundation’s large sale. Is your portfolio green? Check out the Ethereum Profit Calculator Recent prevailing sentiments especially regarding ETH suggested that it recently hit a local top. As such, downside expectations are notably higher this week. The Ethereum Foundation has historically offloaded a sizable amount of ETH…
Mini-Royale brings a new create and earn system to their user base. You don’t even need to be a player. Anyone with the eye and skill to create cool, custom skins can earn money by selling them in-game! It’s the time for modders in Mini-Royale as they open up a new create and earn system. This system allows users to create custom skins for the game’s characters and weapons, and receive a percentage of the sales income! Getting paid as a modder is not always easy in the world of regular gaming. But web3 gaming is breaking those old molds…
Memes, internet jokes and popular culture references have become an integral part of online communities. Because of this, cryptocurrencies inevitably gave birth to a new wave of assets called “memecoins.” While some argue that these coins are just a fad, others might also believe in their potential to bring financial gain to their investors. One of the most popular memecoins that was recently launched is a frog-themed token called PEPE. The token has gained traction amid the bear market and garnered a lot of support from various members of the community despite its official website saying “The coin is completely useless…
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BTC’s price fell to $27,400 following the sale of BTC holdings by the US government. Price chart readings suggest that the current price might be a good buying opportunity. Bitcoin’s [BTC] price surged following the Bureau of Labor Statistics release of the Consumer Price Index (CPI) report on 10 May, which indicated a drop in annual inflation to 4.9% in April from March’s 5% and less than the anticipated 5%. However, the gains were short-lived as news spread that the US government divested its Bitcoin holdings, causing the cryptocurrency to rapidly lose value. The US Government just sold 9.8k of…
Key Takeaways Binance has signaled that it plans to acquire FTX as the younger exchange battles a “liquidity crunch.” Crypto prices are plummeting in the fallout from the bombshell announcement. FTX’s demise is likely to have a negative impact on crypto for many years to come, but the industry has weathered many harsh storms in the past. Share this article Yet another disaster has hit the crypto space, but there are reasons to stay positive, Chris Williams writes. FTX and Alameda Go BustNews of Binance’s plans to bail out FTX as the exchange faces a “liquidity crunch” has panicked the cryptocurrency…
Solana’s network activity began to surge. However, its earnings continued to decline. Solana [SOL] has seen extremely turbulent times in the past. With a large number of downtimes and various prominent NFTs migrating to other protocols, the odds were stacked against the protocol. Is your portfolio green? Check out the Solana Profit Calculator Will Solana make a comeback? Despite the failures, there was a surge in activity on the network. Even though the surge in Solana’s activity was high, it wasn’t enough to keep up with competitors on the network such as Ethereum [ETH] and Arbitrum [ARB]. However, according to…
Web3 has a bad habit of leveraging its niche, insulated existence as cover to engage in objectionable behaviors. While the nascent state of the crypto and NFT market allows for seemingly boundless opportunities for all types of creatives and builders, its relatively unregulated nature (and promise of earning millions in a moment) can tempt people to act in ways that would result in fines or even jail time in other industries. That Web3 is not beyond the reach of regulatory or punitive oversight is something that the community is reminded of with increasing frequency these days. On May 3, Nathaniel…
