Author: Crypto News Live
Ethereum, the second-largest cryptocurrency by market capitalization, is currently at a critical juncture as its price enters a consolidation phase. This period of price stability, marked by a narrow trading range, has left traders and investors in a state of uncertainty. With Ethereum’s price hovering around key support and resistance levels, market participants are closely monitoring technical indicators and market signals to anticipate the next move. The current consolidation reflects a balance between bullish optimism and bearish caution, creating an environment of indecision that could lead to significant volatility once a breakout direction is established. This analysis delves into examining…
Azuro will be coming out with an exclusive grants scheme for funding the development of applications with the utilization of Azuro on Polygon PoS. This will include the furthering of on-chain prediction applications targeting sports, as well as entertainment-related projects. Added to that, the scheme will be offering financial and technical backing to the connected builders. This is being seen as a first step towards fortifying the bond with the Polygon community. In the very near future, builders will be provided the option of forwarding their projects for scrutiny. The scheme will entail the allocation of $20,000, coming under two…
Ethereum popularity increased materially according to recent data. Staking participation was on the rise as prices remained stable. Ethereum’s [ETH] price has remained stagnant over the past few days. Despite this traders were showing interest in the altcoin. Ethereum’s popularity grows According to Santiment’s data, the popularity of ETH had soared significantly over the last few days. The current discussions surrounding Ethereum ETFs, SEC investigations, regulatory developments, and Consensys’ advocacy efforts for Ethereum’s status are likely contributing to this increased attention. There were both bearish and bullish perspectives that can be had around the popularity of the rising interest in Ethereum.…
In recent years, Zero-Knowledge Proofs (ZKPs) have emerged as a formidable protector of online identities, particularly within the realm of Web3. By safeguarding personal information from theft and misuse, ZKPs play a critical role in enhancing privacy and security during online interactions. So what exactly are they and how can they improve our day-to-day lives? What are zero-knowledge proofs? Zero-knowledge proof is a cryptographic protocol that allows one party (the prover) to demonstrate to another party (the verifier) that a specific statement is true without revealing the information itself. This unique capability ensures sensitive data remains confidential while still enabling…
TL;DRThe SEC dropped its ETH investigation, along with any potential charges, leading to a 3% bump in ETH’s price.Full StoryTalking back to your mom → getting groundedThese are all natural progressions. Same goes for the SEC’s approval of an ETH ETF → it was expected that they’d then drop their ETH investigation, along with any potential charges.And that’s exactly what just happened.Which gave Ethereum a neat little 3% bump in price.That ain’t much! But given we’re in a short-term market downtrend, it carries a little extra weight.Big picture:This is another positive step forward for crypto in the US.We love to…
Ethereum’s price surged by 6% from its weekly low of $3,381. Metrics indicate a potential price reversal. In an exceptional turnaround, the king of altcoins has witnessed a significant price recovery from its weekly low of $3,381. According to the data from the top platforms, Ethereum’s [ETH] upswing can be attributed to whale activities. Ethereum price was up by 14% in the last 30 days. Ethereum was trading at an average price of $3,527, at press time. Its 24 hour trading volume stood at around $19.5 billion, with a market cap of $433 billion. Ethereum has surged by 6% since…
Monthly active users on Ethereum chain’s Layer 1 and 2 projects have crossed 25 million per Token Terminal data. Despite the rise of Ethereum’s competitors like Solana, with the meme coin narrative, Ether remains relevant among traders. Total value locked in Layer 2 and 3 projects exceeds $43.99 billion at the time of writing. Ethereum’s Layer 1 and Layer 2 chains have noted a consistent increase in activity in 2024. Monthly active users (MAU) have surpassed the 25 million milestone per data aggregator Token Terminal. Despite the rise in different narratives like meme coins and celeb tokens that made Solana…
The blockchain gaming industry is about to experience a significant shift as Ronin, the Ethereum sidechain network used for Axie Infinity, prepares to incorporate zero-knowledge Ethereum Virtual Machines (zkEVM) with the help of the Polygon Chain Development Kit (CDK). This integration is expected to greatly improve the scalability and efficiency of the Ronin network, giving game developers more freedom and power. In this article, we explore the potential impact of this advancement and how it could revolutionize the gaming landscape.Introduction to Ronin Layer-2Sky Mavis’s Ronin has been a major contributor in the world of blockchain gaming, especially in its support…
The percent of ETH supply on exchanges has dropped to an eight-year low. ETH rebounded from its decline in the previous trading session. Not only has Ethereum’s [ETH] price declined in the last few days, but its supply on exchanges has also decreased. This decline aligns with the trend in its Netflow, which has seen a dominance of outflows over the past few days. What percentage of ETH is left on exchanges? The Ethereum balance on exchanges has been declining over the past few weeks, with this decline becoming more prominent towards the end of the previous month. An analysis…
Google Cloud has recently allowed the Tezos Foundation to create a safe, global mirror image of the original Tezos blockchain technology. The standard SDK tools of Google Cloud smoothly performed this strategic implementation across different continents, greatly enhancing the challenges of protecting the blockchain’s stability and security. The Tezos Foundation was ready to deploy new archive nodes in new geographies shortly after leveraging Google Cloud infrastructure. They created these large nodes, each containing more than 1TB of data, in just two hours. Additionally, using the Cloud SDK command-line tools, they also implemented a snapshot service within three days. This swift…
