Author: Crypto News Live

XION, a multi-chain cryptocurrency payment processor, has recently announced its latest partnership. As per the company, it is collaborating with Saga, an L1 blockchain protocol, to offer Chain Abstraction for chainlets for more scalability and increased mainstream adoption. On its official account on the social media platform X, the company revealed its latest endeavor. XION is bringing Chain Abstraction to @Sagaxyz__’s ChainletsThe integration combines XION’s Generalized Abstraction with SAGA’s infinite horizontal scalability to further boost mainstream adoption through frictionless ecosystem composability.Learn more ↓ pic.twitter.com/jklsmU0vvb — XION 🔥 (@burnt_xion) May 9, 2024 XION Integrates with Saga for the Provision of Chain…

PALM BEACH, FL. — During his first stint in the White House Donald Trump was no fan of cryptocurrencies; he once tweeted they were “based on thin air.” He later sold millions of dollars worth of NFTs. This week, he rebranded himself as crypto’s candidate of choice. “If you’re in favor of crypto you’re gonna vote for Trump because they want to end it,” he said at a Wednesday night party in Mar-a-Lago, referring to Democrats and President Joe Biden. He also vowed to make sure his campaign can accept crypto donations. The 77-year-old candidate’s apparent turnabout came as little…

Banks shift to Bitcoin investments, signaling changing views. US House passes bill easing SEC guidelines, showing crypto acceptance. In a new Form F13 filing, J.P. Morgan revealed an investment of $731,246 in spot Bitcoin ETF on behalf of its clients.  They allocated the majority, $477,425, to IBIT in BlackRock, alongside investing in Bitwise’s BITB, Fidelity’s FBTC, and Grayscale’s GBTC. Joining the fray was US banking giant Wells Fargo, holding 2,245 shares of GBTC valued at $121,207. At the time of writing, BTC was trading at $60,864 after seeing a 3.34% decline but still, there has been a notable shift among…

Ethereum’s fees hit a six-month low in the past seven days. ETH was down by 6%, and metrics looked bearish.  As L2s gain popularity, Ethereum’s [ETH] network usage plummets, reaching a six-month low. This aligned with Vitalik Butarin’s 2020 roadmap, which aimed to enhance scalability by offloading transactions from the mainnet. In the meantime, ETH bears entered the market and pushed the token’s price down.  Ethereum’s network activity dwindles  IntoTheBlock recently posted a tweet highlighting the fact that ETH’s fees plummeted to a 6-month low this week as it dropped by over 29%. The drop in ETH’s fees reflected a…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 gaming industry stands at an inflection point. While the promise of decentralized gaming and true digital ownership holds immense potential, the industry’s current focus on browser-based PC gaming represents a glaring missed opportunity—one that threatens to relegate it to the periphery of the gaming world as the mobile gaming juggernaut continues its inexorable rise. If we want web3 gaming to rival the web2 games industry, it’s time to bridge the mobile gap. You might also…

Casio, a Japanese multinational electronics company known for its innovative products such as calculators, watches, and high-end gadgets, is celebrating its 50th anniversary in a unique way – through the launch of its NFT collection. The company has joined forces with Astar zkEVM, a leading Ethereum scaling solution provider, to create a one-of-a-kind digital collectible experience for its customers.Casio’s interest in NFTs can be traced back to 2023 when the company filed for trademarks related to digital collectibles. Since then, they have been actively exploring ways to incorporate Web3 technologies into their products. This led to partnerships with Polygon Labs,…

Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.  When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC could hit $1 million in 2030 and beyond. In addition to predicting Bitcoin’s future trajectory, Dorsey took time to appreciate the Bitcoin ecosystem. He remarked that besides its history, “the most amazing thing about Bitcoin” is how those who work on it, earn from it…

Euclid Protocol has stepped out of the shadows to introduce a pioneering shared liquidity layer powered by Nibiru Chain. With substantial backing from a $600,000 pre-seed funding round and support from Nibiru, Euclid is poised to address the persistent challenge of fragmented liquidity across diverse blockchain ecosystems.—Led by Founder and CEO Georges Chouchani, Euclid’s Unified Liquidity Layer represents a paradigm shift, leveraging the Virtual Liquidity Pool (VLP) model to unite liquidity virtually across chains. This innovative approach eliminates the need for cumbersome migration processes, ensuring scalability and efficiency while fostering a seamless market environment.The recent pre-seed funding round, supported by…

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics for NFT sales show a decline, falling 11.35% from the previous week. The total sales recorded over the last seven days amounted to $145.41 million, with Bitcoin-based NFTs contributing $49.8 million to this volume. NFT sales figures from May 4 to May 11, 2024, according…

The crypto market is down today due to a significant correction phase. Bitcoin struggles around the $56,000 support level, with technical indicators suggesting a potential reversal. Checking the crypto market today, you will see nothing but red. The entire market seems to have tumbled, with Bitcoin [BTC] and Ethereum [ETH] taking most hits, dropping far below their critical support levels. Bullish sentiments in the community seem to be almost completely gone. Once again, investors are panicking, possibly at the edge of giving up. So, what is going on? Why is the crypto market down now? 2024 is generally expected to…