Author: Crypto News Live

Solana-based prediction market BET has hit a new milestone of $20 million in its daily volume, according to Dune Analytics data.However, a deeper look reveals a downward trend in BET’s trade count over the past three days, raising questions about how the $20 million volume was achieved.Despite this, the milestone is noteworthy as BET launched less than two weeks ago. This suggests that BET successfully engages Solana users interested in blockchain-based prediction markets.Notably, BET users have wagered more than $23 million across four political bets. Over $20 million of this is on Kamala Harris winning the popular vote in the…

Ethereum showed signs of recovery after testing the $2,400 zone and surged by 4%, outpacing Bitcoin.  Does this mean the altcoin could challenge BTC’s dominance? Ethereum [ETH] showed signs of strength, outpacing Bitcoin with a gain of over 4% in the last 24 hours. Historically, a bullish divergence between Ethereum and Bitcoin has been a strong indicator of a price trend reversal for ETH.  Put simply, such divergences have frequently led to significant surges in Ethereum’s price, with ETH often outperforming Bitcoin during market volatility.  So, is history repeating itself? AMBCrypto investigates. History shows ETH outperforms in September Source :…

Are you looking forward to the X Empire airdrop? If so, then you’d better log into the Telegram tap-to-earn game, as the creators are about to purge the coins of inactive users. The viral, Elon Musk-themed Telegram crypto game, formerly known as Musk Empire, has a token coming around the end of September or early October. In an announcement Thursday, the project confirmed that it will soon start burning (or eliminating) the in-game tokens of users who haven’t played in a while. “On September 1, we’ll be conducting our first in-game currency burn for users who haven’t logged into the…

Celebrities may seem like they have the world at their feet—but like the rest of us, they’re at the mercy of centralized gatekeepers, in their case the social media platforms that connect them with their fans. Those platforms can cut creators off from their audiences at a stroke, explained Andras Kristof, CEO of “unstoppable communities” platform Galaxis. “If YouTube gives you three strikes because their AI mistakes something, or for any reason, the owner of a platform decides that he doesn’t like you, you’re cut off from the community you built on that platform,” he said. Web3 offers creators the…

If you’re considering getting involved in cryptocurrency, you might wonder about the age requirements for buying and selling crypto.Do you know the minimum age needed to purchase cryptocurrencies in 2024 legally? Are there different age rules for selling crypto than for buying it?Understanding these age restrictions is essential for complying with legal requirements and making informed decisions in the crypto market. Let’s look into these questions to find out what you need to know before you start trading cryptocurrencies.What Does It Mean to Buy Crypto?Purchasing cryptocurrency involves exchanging traditional currency for digital assets like Bitcoin or Ethereum, typically through a cryptocurrency…

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke…

Former U.S. President Donald Trump has released a fourth series of non-fungible token (NFT) digital trading cards. The collection includes 50 unique cards, featuring images such as Trump holding bitcoin. Collectors may receive a physical trading card containing a piece of a suit worn during the presidential debate with Joe Biden and could be invited to a gala dinner. Trump markets the collection as an opportunity to own a unique piece of American history. Trump Launches New NFT Collection Former U.S. President Donald J. Trump announced on his Truth Social platform Tuesday the release of his fourth series of digital…

Spot Ethereum ETFs flipped positive on 28th August after two weeks of consecutive outflows. ETH price has also made a strong rebound, with the RSI bouncing from oversold levels. US spotEthereum [ETH] exchange-traded funds (ETFs) posted inflows on Wednesday, 28th August, after two weeks of consecutive outflows. The ETFs have had only nine days of positive flows since they started trading on 23rd July. Per SoSoValue data, inflows to these products hit $5.84M on Wednesday, coinciding with a strong rebound in Ethereum prices. They currently hold $6.9 million in net assets. Source: SoSoValue The BlackRock iShares Ethereum Trust (ETHA) largely…

Polymarket and BET are two crypto prediction markets gaining significant attention. Each leverages blockchain technology to offer unique features and user experiences. Polymarket has accrued over $750 million in bets on the US election this year, while the newcomer BET has acquired around $22 million since its launch this month.How do Polymarket and BET work?Polymarket operates on the Ethereum blockchain and utilizes Polygon as a Layer-2 scaling solution to enhance scalability and reduce transaction costs. This setup allows Polymarket to efficiently handle a high volume of trades without congesting the Ethereum network or incurring high gas fees.The platform features mostly…

The markets expect the Federal Open Market Committee to cut interest rates at its next meeting on 18 September. However, escalating geopolitical tensions in the Middle East and Africa are making investors fearful. Consider this – After the easing of U.S inflation, traders expected BTC to change hands at a premium. However, the coin instead lost its $60,000 psychological support and was trading at a discount of 3.10%, at the time of writing. A silver lining emerges Interestingly, AMBCrypto’s August 2024 report found that whales have been buying the dip and adopting a HODLing strategy. In fact, the number of…