Author: Crypto News Live
ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed that Ethereum’s [ETH] average transaction size had fallen to $2,767. This was a 54.13% decline from the metric when the month began. At that time, the average transaction size was $5,893, according to data from IntoTheBlock. For the uninitiated, the average transaction size checks in dollar terms the mean transaction value for an asset on a particular day. Historically, spikes in this metric signal high user activity—Especially…
The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, completed a pilot project with blockchain oracle Chainlink (LINK) and multiple major U.S. financial institutions, aiming to help accelerate the tokenization of funds, according to a Thursday report published by DTCC. The purpose of project called Smart NAV was to establish a standardized process to bring and disseminate net asset value (NAV) data of funds across virtually any private or public blockchains using Chainlink’s interoperability protocol CCIP. Market participants included American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust,…
Magic Square has launched Magic Launchpad, an Initial DEX Offering (IDO) platform that aims to transform fundraising for early-stage projects. With over 4.5 million unique user wallets and more than 1400 registered projects in its community-driven platform, Magic Square is well-positioned to provide a robust solution for growth hacking, brand awareness, user acquisition, and fundraising.How does Magic Launchpad work?Magic Launchpad is a multi-chain platform that integrates deeply with Magic Square’s ecosystem. The platform offers a variety of IDO options, including whitelist events and private rounds, to cater to diverse investor preferences. One unique feature of Magic Launchpad is the ability for users…
B² Network and Merlin Chain, two leading Bitcoin Layer 2 solutions, have entered into a strategic partnership to bolster the security and liquidity of the ecosystem. This collaboration is set to play a pivotal role in ensuring the long-term success of BTC Layer 2s, a critical component of the ongoing bull market cycle. Excited to announce our partnership with @bsquarednetwork, which unites Bitcoin builders in enhancing and prospering the Bitcoin ecosystem. As pioneers in the Bitcoin Layer2 space, Merlin Chain and B² Network share a deep commitment to expanding Bitcoin’s utility while preserving… https://t.co/uCLSLEFDUc pic.twitter.com/3LfvcsmaCe — Merlin Chain (@MerlinLayer2) May…
What is zero knowledge proof, and how does it ensure privacy online? Learn what it is and why it’s important. Imagine you hold a secret, and someone wants to verify that you know it, but you don’t want to reveal what the secret actually is. How is that possible? Enter zero-knowledge proofs (ZKP), a cryptographic concept that allows exactly that. Zero-knowledge proofs, despite their complex-sounding name, offer a simple yet powerful idea: proving knowledge of something without disclosing the specifics. Introduced in the 1980s, zero-knowledge proofs have since become a cornerstone of modern cryptography, offering a path to secure and…
Fantom disclosed that Ethereum would enable the token migration. While FTM’s price increased, reaching $1 could be challenging in the short term. Layer-1 blockchain Fantom [FTM] has disclosed a new set of important details as it approaches the final stages before the Sonic upgrade launch. For those unfamiliar, Sonic upgrade is the next iteration of Fantom that the project claims would boost the number of Transactions Per Second (TPS) to 2000. However, besides improved performance, the recent upgrade mentioned Ethereum [ETH] as a major player in the development. Ethereum to aid the switch According to the memo directed at FTM…
Core Chain, one of the leading Layer-1 blockchains built directly on Bitcoin, has just collaborated with Kiln. It has already established its name through handling staking operations. The partnership is part of the network’s commitment to strengthening security and decentralization. Kiln is an enterprise-grade validator dedicated to flawless staking. 🔶 @Kiln_finance is now a validator on Core Chain This means enhanced security and decentralization of the network, leveraging Kiln’s expertise from managing extensive staking operations.https://t.co/4ZIHKDkdHb pic.twitter.com/N9I0IcTUWW — Core DAO 🔶 (@Coredao_Org) May 16, 2024 Kiln Boosts Bitcoin Security and Programmability on Core Chain Through Bitcoin blockchain, Kiln has safely staked…
Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum’s dominance and performance are at a low, suggesting a need for positive development soon. It is generally believed that the U.S. SEC will not approve any applications for the spot Ethereum [ETH] ETF due to several factors pointing to the fact that the agency’s new crypto enemy is Ethereum. But still, no real confirmation has been gotten from the agency itself on what it’s planning. So there is still a chance, no matter how slim, that the SEC would approve these ETFs. However, if they do, is the…
Speaking to crypto.news, Paul O’Leary, CTO of Polygon Labs, discussed how Polygon’s zkEVM technology aims to enhance Ethereum’s scalability by reducing transaction costs and increasing throughput. Polygon’s zkEVM technology is set to significantly enhance Ethereum’s scalability by reducing transaction costs and increasing throughput. Launched as an open-source mainnet beta in March 2023, Polygon’s zkEVM batches transactions off-chain and posts cryptographic proofs to the Ethereum mainnet, alleviating network congestion and reducing costs. The recent transition to Stage 2 of the Mainnet Beta in January 2024 emphasizes responsible dApp growth and on-chain activity. The Elderberry upgrade, which has been live since March…
ETH was up by more than 6% over the last seven days. A few of the metrics suggested that the bullish momentum might not last. Ethereum [ETH] caught investors off guard as its price gained bullish momentum on the 17th of May. While the token’s price moved up, it broke above a bullish pattern that could allow the king of altcoins to touch $4k in the coming days or weeks. Ethereum eyes $4k again CoinMarketCap’s data revealed that ETH investors enjoyed profits last week, as the token’s price had surged by more than 6%. Things heated up in the last…
