Author: Crypto News Live

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

As the cryptocurrency market continues to navigate a mixed period of price stagnation and volatility with no clear path forward, all eyes are on the highly anticipated Pectra upgrade for the Ethereum (ETH) network.  Scheduled for the first quarter of 2025, this major upgrade is gaining significant attention from bullish analysts who believe it could be the catalyst to propel Ethereum’s price to new heights. A Potential Gamechanger For Ethereum?  According to decentralized finance (DeFi) researcher DeFi Ignas, optimism is mounting around Ethereum’s prospects thanks to the Pectra upgrade.  In a recent social media post examining this upcoming milestone for…

Yield Games has recently announced an exclusive partnership with Sui Network. The collaboration reportedly denotes an endeavor to contribute to the growth of blockchain-backed gaming. The platform took to its official X account to provide the details of the respective partnership. Our friends from @SuiNetwork are coming over to play!🎮 Any games you guys think we should try out?🤔#TogetherWePlay https://t.co/2COnxnyDjE — Yield Guild Games (@YieldGuild) August 20, 2024 Yield Games Start a Unique Partnership with Sui Network to Revolutionize Web3 Gaming In its latest X post, Yield Games expressed excitement over this endeavor. As a well-known sponsor backing the “Games:…

Ethereum demonstrated signs of recovery, though it remained below previous highs amid cautious market sentiment. Rising Ethereum exchange outflows indicated investor confidence, possibly pointing to a bullish trend ahead. Ethereum [ETH], the second-largest cryptocurrency by market capitalization, has recently experienced a modest recovery in its price, trading at $2,661 at the time of writing. This marked a 1.6% increase over the past day. Prior to this, Ethereum had been on a downward trajectory, reaching a low of $2,545 last week.  Despite the recent uptick, Ethereum’s price remained significantly below its March high of $4,070 and was still down by approximately…

Bright Star Studios, the developers, behind the anticipated MMORPG Ember Sword caused a stir with their announcement of switching from Immutable X to the Mantle Network. This bold decision aims to elevate the gaming experience by harnessing Mantles technology. What impact will this move have on the game, its players and the future of blockchain integrated gaming? Lets explore these aspects in detail.Background and PartnershipBright Star Studios has carved out a presence in the gaming industry. Ember Sword, their flagship MMORPG title offers a gaming experience with a player driven economy, vast open world exploration opportunities and thrilling fast paced…

CryptoPunks returned to CryptoSlam’s daily NFT throne on Monday with US$825,446 in sales. CryptoPunks has the third-highest all-time sales volume in the industry with US$2.87 billion. The Ethereum-based collection snatches the top position from DMarket which ranked second on Monday’s sales chart with US$746,474. DMarket is less than $10 million away from becoming the 14th NFT collection in history to join the half-billion dollar club, while Mythos Chain — where the collection resides — is about US$2 million from the US$500 million mark. Mythos Chain is on pace to breach the mark this week, which would make it the 11th…

Ethereum gas fees has fallen below $100,000. The total supply of ETH has increased in the last few months. Ethereum [ETH], once notorious for its significantly high gas fees, has recently seen a massive decline in transaction costs. While this reduction in fees has made the network more accessible and affordable for users, it has also sparked concerns about the potential impact on ETH value. Ethereum gas fees hit five-year lows  A report from Kaiko, dated the 19th of August, revealed that Ethereum’s gas fees have plummeted to five-year lows. This development is driven by increased activity on Layer 2…

MetaLine X, a fully on-chain game platform, has teamed up with the Oneness Labs. The aim of this partnership is to enhance the gaming experience in the high anticipated SparkFest gaming event. Happy to announce our partnership with @Oneness_Labs#Oneness Sparkfest 2 is here!️🌞🌊 This season, we will join @Oneness_Labs in the most exciting gaming event of the year!🎁Rewards Giveaway event info & how to participate :🌟 Follow @Oneness_Labs and @Metaline001 🌟… pic.twitter.com/OVcHwsj03R — MetaLine X (@Metaline001) August 20, 2024 MetaLine X is a modular computing platform powered by DePIN. It is a comprehensive platform built upon MetaLine’s core products. It…

Outflows from spot Ether ETFs have totaled $433M after three consecutive days of outflows.  The declining demand for ETH alongside a rising supply has hampered Ethereum’s efforts to gain. The cryptocurrency market made a strong rebound on Tuesday during the Asian trading session. Ethereum [ETH] has gained around 2% to trade at $2,678 at the time of writing. However, despite the recent gains, the largest altcoin has lost 23% of its value since spot Ether exchange-traded funds (ETFs) launched in the US last month.  So, what is weighing down Ethereum’s price?  Ethereum ETF outflows hit $433M  The cumulative net outflows…

The number of addresses holding more than 10,000 ETH has declined. ETH’s price has been unable to reclaim the $3,000 price level. The $3,000 price range for Ethereum [ETH] is now beginning to feel like a distant memory as the cryptocurrency continues to struggle to reclaim that level. Despite attempts to rally, ETH has consistently fallen short, leading to growing concerns among investors and market participants. Amidst this ongoing struggle, some large holders, often referred to as “whales,” have begun to reduce their holdings.  Ethereum whales reduce holdings An analysis of Ethereum addresses holding 10,000 or more ETH on Glassnode…