Author: Crypto News Live
Two CryptoQuant analysts have opined that BTC’s price will fall below $25,000. BTC’s selling pressure has outweighed its buying pressure in the past few days. As Bitcoin’s [BTC] weighted sentiment lingers in the negative territory, CryptoQuant analyst Baro Virtual, in a new report, opined that the king coin’s price could fall below $25,000 as long as bearish sentiments remain in the market. Baro’s conclusion was based on an assessment of BTC’s Coin Days Destroyed (CDD) on a 21-day moving average. This metric tracks the number of cryptocurrency coins that have been inactive for a certain period of time and then…
Summary: A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network.This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was created by developer Casey Rodarmor.ORDI was introduced earlier this year using the BRC-20 standard after developer Rodarmor designed a protocol for embedding digital data like art on every satoshi and pseudonymous builder Domo unveiled a token format akin to ERC-20 on Ethereum. A trader spent 35 BTC buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network due to BRC-20 memecoins and…
Meta: Is it an NFT? Is it a crypto? No, it’s BRC-20, the new fungible token taking crypto by storm. Learn what they are, how they work, and if you should invest. You know all about non-fungible tokens (NFTs). You’ve heard about memecoins and why they’re all the rage. You’re even caught up on Bitcoin Ordinals (yeah, they’re supposed to be a kind of NFT and they’re on Bitcoin, right?). But the hottest thing to hit crypto in mid-2023 isn’t an NFT. It is on Bitcoin. It sounds like the familiar tokens floating all around the Ethereum blockchain. And yes,…
beginner In recent years, cryptocurrencies have been a topic of interest, excitement, and debate, with both supporters and detractors expressing strong opinions on their future. The question on everyone’s mind is: Is crypto dead? Recently, a billionaire tech investor Chamath Palihapitiya claimed that crypto is pretty much dead in the United States — mainly because of the strict regulations imposed by the SEC. It remains to be seen how much those regulations will actually do to destroy the crypto market in the States and whether crypto assets will be able to weather this storm. However, we can still examine things…
Fiat-crypto payment gateway Alchemy Pay and its co-founder and majority shareholder, Shawn Shi,have been officially recognised by Forbes with the Web3 Innovation Pioneer award on 11 January. The Singapore-based payment solutions provider has a major research and development hub across Asia that has pioneered new payment systems at the very edge of modern fintech – convenient payments that seamlessly enable movement of funds between traditional fiat currency and cryptocurrency.After its establishment in 2018, Alchemy Pay became the number one crypto payment system in Southeast Asia. 2022 saw Alchemy Pay move to d2c solutions for the first time. Its on and off-ramp and…
Summary: Smart contracts for Curve Finance’s crvUSD stablecoin went live on Ethereum’s mainnet, the team shared via a Twitter update on May 3.“This is not finalized yet because UI also needs to be deployed. Stay tuned!” said crvUSD developers promising a user interface for the stablecoin.crvUSD enters a highly competitive Ethereum stablecoin market with names like DAI, USDT, and USDC. Ethereum’s stablecoin market welcomes a new contender built by the developers of decentralized trading venue Curve Finance. On May 3, the DEX developers confirmed that smart contracts for crvUSD were deployed on Ethereum’s mainnet. The team minted 20 million crvUSD…
GameFi Play-to-earn games may have faded from view, but Web3 gaming start-ups are plowing ahead with functional NFT integrations, and Web2 game publishers are preparing to incorporate some of the same concepts into their existing franchises. In the “if you build it, they will come” mold, Unioverse has debuted its first playable proof-of-concept, Proving Ground, a single-player time trial which makes use of the would-be franchise’s first “hero” character, Reyu. Game designers at Random Games are combining traditional game development with world building and cultivating a community through ownership of playable characters. The hope is that external developers partners will…
The mobile gaming landscape is experiencing a breath of fresh air with the introduction of DEFY, a play-and-earn blockchain game. DEFY provides an immersive experience for players by bridging the virtual and physical worlds. Its distinctive fusion of hyper-casual code-cracking gameplay and tangible exploration via augmented reality (AR) distinguishes DEFY in the gaming industry.What is DEFY?Set in the near-future dystopian world of 2049, a Revolutionary Movement led by kha0s and his crew aims to take down the faceless corporation Future Systems. This sinister corporation has gained dangerous levels of control over global networks that run cyberspace, leaving the general population…
Inspired by success in 2022 and an impressive list of designers who attended that year’s Metaverse Fashion Week, Decentraland held another event this year from March 28–31. The week’s theme, “Future Heritage,” aimed to connect the next generation of creators with traditional fashion designers.It’s the second time digital fashion’s core members — including Zero10, DressX and The Fabricant — have participated in MVFW, though the total number of brands declined. There were two shows worth noting: Dundas, which distinguished itself with beautiful avatars last year, and Adidas, which joined this year as a first-time participant. Decentraland and HBO also participated.Real…
OpenSea Pro Supports PEPE OpenSea Pro, an NFT aggregation marketplace, announced on the 10th that it has started accepting payments using the crypto asset (virtual currency) Pepe Memecoin (PEPE). NFTs are dead? Wait until frogs learn how to collect NFTs with $PEPECheck it out on OpenSea Pro! pic.twitter.com/8eSwZOOYCZ — OpenSea Pro (@openseapro) May 9, 2023 OpenSea Pro is a dedicated platform for traders launched by the NFT marketplace OpenSea in April 2023. This is a renamed version of the NFT aggregation platform Gem, which was acquired by OpenSea in April 2010. It provides high-performance tools for efficient trading by linking…
