Author: Crypto News Live

Bitcoin miners faced selling pressure as revenues declined. Inflows for Bitcoin ETFs grew significantly. Bitcoin [BTC] has remained stagnant at the $62,000 price level for quite some time. However, things could take a turn for the worse for the king coin going forward. Miners face the heat According to recent data, there were clear indications that the average Bitcoin miner is feeling the strain post-halving. With a significant drop in revenue since the halving, miners are currently facing the most challenging conditions they’ve encountered since March 2020, during the COVID-19 crash. This pressure is evident in the declining hashrate, which…

The Inco project will allow developers to create intranet products in Telegram mini-applications securely. According to the Inco team, developers of a universal privacy layer for Ethereum and other networks, the project partnered with Privy for these purposes. A few weeks ago, Telegram founder Pavel Durov announced important plans to tokenize functions, distribute advertising revenues with users, and introduce the Tether stablecoin into The Open Network (TON) blockchain. Inco’s universal privacy will allow developers to create quarantine-free apps and mini-games with hidden information that is still fully verifiable, including prediction markets, card games, and guessing games that will work with…

Legendary trader Peter Brandt believes Ethereum’s price chart is ‘intriguing’ Ethereum’s price showed signs of recovery, with an increase in new addresses Ethereum has so far exhibited a volatile mix of price movements, initially dipping below the $3,000-threshold in recent days before rallying above it once again.  This price behavior has caught the attention of traders and investors alike, with the asset appreciating by a 1.4% in the early hours of Friday. This recovery signifies a pivotal moment for Ethereum as it strives to maintain its momentum above this key price level. Analyzing Ethereum’s chart patterns and broader market sentiment…

The volume of Bitcoins contributed by miners has dropped since 19 April This has fueled the low rate at which new Bitcoins are created and entered into circulation The share of Bitcoin’s [BTC] volume contributed to by the miners on its network has declined steadily since the last halving event, according to IntoTheBlock’s latest finding.   Bitcoin’s last halving event occurred on 19 April. Aiming to reduce the amount of BTC in circulation, the event halved miner rewards from 6.25 BTC to 3.125 BTC. Following the halving, the share of the total $BTC volume coming from miners has started to decrease…

African-inclined Layer-1 blockchain Tórónet has partnered with NexeralID. The alliance aims to bolster user compliance with KYC solutions using NexeralID’s technology. Tórónet, Africa’s first Layer-1 blockchain developed for underserved markets, announced a strategic partnership with NexeraID to improve digital transaction security in Africa. This partnership marks a breakthrough for Africa, establishing new standards for secure and convenient financial transactions. Tórónet to Integrate KYC Protocols As revealed in a press release shared with Crypto News Flash, a key feature of this partnership is the integration of Know Your Customer (KYC) protocols. KYC standards ensure that transactions are secure and compliant with…

Animoca Brands, a leading blockchain investment firm, has recently unveiled significant updates to its Mocaverse Non-fungible Token (NFT) collection. This development is aimed at enhancing the interoperability across various Decentralized Applications (DApps) and blockchain networks. The initiative is a response to the community’s numerous requests for Animoca to develop a dedicated chain for the expansive Animoca ecosystem. However, the firm maintains its chain and ecosystem-agnostic stance, which has been a fundamental principle since its inception. Over the years, Animoca Brands has made strategic investments in a myriad of organizations to bolster the Web3.0 ecosystem. The firm now plans to integrate…

TL;DRFull StoryIt’s ok.You can say it.We’re fully aware of it:We get weirdly excited about crypto integrations within legacy payments systems.Why? Because right now (for the most part) crypto is building outside of the existing system. That is to say, it doesn’t play nice with established infrastructure.It’s hard to buy with a credit card, banks don’t like you moving money to exchanges, and you need to learn a whole bunch of terminology when starting.(E.g. ‘gas fees’ = ‘transaction fees’ — why? No idea).Glass half empty:This separation from existing systems is a weak point for web3 & crypto.Glass half full:The more legacy…

The number of new ETH staked daily has dropped on the charts This can be attributed to the altcoin’s meek price performance The daily amount of new Ethereum [ETH] staked fell to a year-to-date (YTD) low on 6 May, according to Glassnode’s data.  Information from the on-chain data provider revealed that the number of coins transferred to the staking deposit contract address on that day totalled 11,285 ETH (valued at approximately $34 million). This figure marked a 92% decline from the YTD peak of 192,008 ETH coins staked on 28 March. Source: Glassnode Assessed using a 30-day moving average, the…

Blockchain games dominated the first quarter, representing 30% of all on-chain activity in this period, according to the “State of the Dapp Industry Q1 2024” report by DappRadar. The report highlights that an average of 2.1 million wallets were active daily during Q1. This dominance in gaming activity on the blockchain could mean that analysts’ expectations about Web3 games focusing on entertainment this cycle are being fulfilled. MetalCore is a blockchain shooting game from this new batch of titles focused on entertaining gameplay, and it is finding success in its second closed beta testing. “[The number of players] It’s actually…

After the recent drop to $56.8k, Bitcoin seemed to have a short-term bearish bias. Signs of accumulation and demand were present, but the consolidation period might not end soon. Bitcoin [BTC] was up 4.6% in the past week. The Bitcoin ETF inflows chart also suggested that the bulls were gaining strength. The Grayscale Bitcoin ETF GBTC, which was notorious for consistent outflows, saw a change earlier in May. Source: Farside Investors This does not mean that its short-term bias has shifted bullishly. The technical structure remained bearish. It is worth examining the on-chain metrics to understand where prices could be…