Author: Crypto News Live

BitMEX co-founder Arthur Hayes is launching a Bitcoin Ordinals collection dubbed Airhead, entering the market for Bitcoin-based collectibles by releasing a clutch of ballooned characters. Comprising 10,000 NFT-like assets, the batch of inflated profile pictures (PFP) stem from a collaboration with Oyl Wallet. The digital wallet for Bitcoin launched earlier this month, and on Thursday began allowlisting would-be buyers for the Airhead drop. The startup counts Hayes’ family office Maelstrom as an investor. “It’s not like you’re just offering them an NFT but on Bitcoin,” Hayes said in an interview with Decrypt. “It’s a completely different thing that speaks to…

Ethereum fundamentals reach all-time highs, yet the price rally remained inconsistent. Analyst Boomer Saraga predicted that Ethereum’s price will soon reflect its strong on-chain activity. Ethereum [ETH] has remained inconsistent with its bullishness, even despite the recent launch of its spot exchange-traded funds. So far, the asset has continued to see an increase that ends up being shortened.  For instance, although the asset is up 8.3% in the past week, it was in a decline at press time, down by 3.7% in the past 24 hours with a current trading price of $2,624. Is Ethereum’s price lagging? Boomer Saraga, the…

ETH looked bearish as it experienced a price drop of over 4% in the last 24 hours. Nearly $163 million worth of short positions will be liquidated if ETH falls below $2,596. In the last 24 hours, the overall cryptocurrency market has experienced a notable decline, including Bitcoin [BTC] and Ethereum [ETH]. Amid the market downturn, on the 15th of August, on-chain analytic firm Spot On Chain made a post on X (formerly Twitter) that the Ethereum’s co-founder Vitalik Buterin has moved a notable amount of ETH to Kraken. Notably, Vitalik deposited a substantial 200 ETH worth $530,000 to the…

Confiction Labs, the developer behind the Web3 co-op multiplayer shooter Riftstorm, has introduced a new in-game verification system aimed at curbing what it views as increasing bot activity in the sector. The initiative, dubbed “Proof of Exposure,” integrates non-fungible tokens into the game’s lore as a method to distinguish genuine players from automated bot accounts. The move comes as Web3 games grapple with a rising bot problem, with a recent report from marketing platform Cookie3 suggesting that up to 70% of airdropped rewards are funneled to bot accounts. Confiction Labs, which recently rebranded from Mythic Protocol, claims its new verification…

Jump Trading’s ETH selloff could impact Ethereum price and overall market sentiment negatively. Despite selloffs, most ETH holders were “in the money,” suggesting potential price recovery. In a recent development involving Jump Trading, Lookonchain reported on X (formerly Twitter) that the prominent crypto market maker has ramped up its sale of Ethereum [ETH] assets. Jump Trading’s move This move indicated a significant shift in Jump Trading’s strategy, as the firm began to offload more of its Ethereum holdings amidst a period of market volatility. The post from Lookonchain asserted,  “They claimed 17,049 $ETH($46.44M) from #Lido and transferred it out for…

Confiction Labs, developer of the shooter game Riftstorm, has rolled out Proof of Exposure, a system aimed at combating Web3 gaming bots by integrating NFT allowlist verification. This initiative comes in response to the rising issue of automated bot accounts causing disruptions for both developers and genuine players.The verification process ensures that only genuine users are granted access to the allowlist for minting the NFT collection, XPSR-24, within Confiction Labs’ FICT ONE: Occultical universe.Proof of Exposure; An Innovative SolutionThe increasing demand for NFT authentication methods is evident as botting continues to present challenges in the Web3 gaming industry, diverting rewards…

Cyber Fighters, a popular RPG game with a over 8 million players worldwide is getting ready to launch it’s play to airdrop event. This will allow players to compete on leaderboards and win rewards.What is Cyber FightersCyber Fighters is a Web2 game that is in the process of transitioning to Web3, with the help of Immutable. This collaboration leverages Immutables zkEVM technology to provide players with transparent ownership of in game items. The move, to Web3 has the potential to completely change the Cyber Fighters experience.In the setting of post World War III Detroit Cyber Fighters merges action RPG features,…

Ethereum layer 2s have been pulling off impressive transaction activity lately Improving stats could have a significant impact on Ethereum too ETH may still be a long way off from its historic all-time high, but Ethereum is hitting new highs on other fronts. The network’s layer 2 transactions touched new highs recently. Ethereum layer 2s’ aggregate daily transaction count reportedly hit a new high of 12.2 million transactions. Note that this only accounts for data on layer 2 networks, and not on exchanges. According to Growthepie, the Base network contributed the highest transaction activity in the last 24 hours. It…

Are you on the hunt for the best crypto casinos in 2024? Look no further! In this comprehensive guide, we’ll introduce you to the most trusted Bitcoin casinos worldwide, ensuring you make informed choices. Whether you’re a seasoned player or new to the world of crypto casinos, this article will help you find the perfect platform for you and avoid those that aren’t worth your time. Bitcoin gambling sites can be a good way to earn crypto without having to trade or look for new altcoins to invest in. However, please remember that crypto gambling carries a certain amount of…

Crypto analyst Poseidon (@CryptoPoseidonn) has released a detailed price prediction for Ethereum (ETH). His analysis, delivered to his 123,000 followers on social media platform X, revolves around the pivotal $2,160-$1,900 price range which has historically served as a significant high-timeframe (HTF) support since the summer of 2021. ETH Price Analysis: $8,000 Is Possible If … According to Poseidon, Ethereum recently retested what he describes as the “most crucial support level on the chart” after a significant breakout earlier in the year. This price zone has consistently acted as a key battleground for bulls and bears, making it a central focus…