Author: Crypto News Live

A popular cryptocurrency analyst known as Javon Marks on the microblogging platform X (formerly known as Twitter), has recently suggested that the price of the native token of smart contract platform Cardano ($ADA) could surge over 1.500% in the near future. In a post shared with their nearly 40.000 followers, the analyst noted that the price of Ada has showed “major progress since breaking the resisting trend” surging more than 200$ toward “its first target at $2.7709,” with a recent pullback potentially “streghtening them for even more climbing.” The analyst added that if the breakout holds ADA could see a…

Many Americans got their first glimpse behind the machine learning curtain when details of Amazon’s “Just Walk Out” technology went public. Instead of pure technology tallying up customers’ purchases and charging them when they left the store, the sales were manually checked by about 1,000 real people working in India. But these workers were the human-half of what most AI really is — a collaboration between reinforcement learning and human intelligence. The human element tends to be ignored in discussions of AI safety, which is a little disturbing given how much of an impact AI will likely have on our…

Bitcoin’s NodeMonkes led the non-fungible token (NFT) market in daily sales with US$876,936 on Thursday. NodeMonkes rose 21% from the previous day’s sales total of US$725,058. It was the third best-selling collection on Wednesday. Thursday’s sales total pushes NodeMonkes’ all-time sales volume to US$215.16 million. It’s ranked as the top NFT collection in the Bitcoin network and is less than US$1 million away from overtaking CyberKongz for the 26th spot in the market, CryptoSlam data shows. CryptoPunks, an Ethereum collection, led the market for two straight days this week but fell out of the top 10 on Thursday with sales…

Low UTXO Age Bands and dominant short liquidations suggest that the price can hike Old hands have reverted to accumulating too Bitcoin [BTC] has not hit the top of this cycle, according to signals from the Realized Cap. For context, the Realized Cap tracks the value of each UTXO based on the price at which it was last moved, compared to the current value of the coin. UTXO stands for Unspent Transaction Output and represents the amount of Bitcoin left after a transaction. AMBCrypto’s analysis of CryptoQuant’s data revealed that the UTXO Age Bands, at press time, were not close…

Ghana’s national postal service is commemorating the silver jubilee of its king’s coronation by introducing a unique set of crypto stamps linked to NFTs, which are verifiable over the blockchain. This blend of tradition and technology celebrates the king’s 25 years on the throne.A Bridge Between Tradition and TechnologyThe crypto stamp collection, limited to 7,200 pieces and priced at 250 Ghana Cedi ($18) each, embodies a significant technological leap by merging physical stamps with digital counterparts on the blockchain. This ensures the longevity of the commemorative issue, preserving the memory of the king’s reign indefinitely. The process involves linking each physical…

ETH has struggled to initiate an uptrend on the charts Most market indicators and metrics looked bearish  At press time, Ethereum’s [ETH] daily and weekly price charts remained green. However, the trend might be short-lived. In fact, as per a recent analysis, there may be chances of ETH dropping to $2.7k before it even begins a bull rally. Hence, AMBCrypto checked ETH’s current state to better understand what to expect in the short-term.  Bears v. Bulls for Ethereum Ethereum was somewhat bullish on the charts in the last 24 hours, with its price hiking by just over 1%. According to…

BTC’s price has appreciated by over 6% as it approached $63k on the charts Most metrics and indicators flashed green too Bitcoin’s [BTC] price action once again turned volatile as it swiftly approached $63k on the charts. In the meantime, however, a pattern seemed to be forming on the cryptocurrency’s price chart – A sign that BTC’s price might hit $75k in the coming weeks.  Bitcoin’s price action looks promising According to CoinMarketCap, BTC has gained by more than 6% over the past week, with it appreciating by 3% in the last 24 hours alone. At the time of writing,…

Art de Finance and Sei Network have collaborated to shape the future of Art DeFi and multichain innovation. This latest partnership is a milestone in the Art de Finance and Sei Network collaboration, marking a new era for NFTs and digital art around the world. 🔴 Art de Finance x SeiArt de Finance Forms Strategic Partnership with @SeiNetwork to Drive Innovation in the Art Defi and Multichain Sectors.Art de Finance is leveraging this initiative with Sei Network to set new standards in the digital art and RWA sector, anticipating… pic.twitter.com/i2I1zIi0Br — Art de Finance | Digital Renaissance with web 3.0…

Magic Eden has surpassed Blur to become the top NFT marketplace in terms of trading volume, marking a significant shift in the competitive landscape of digital asset exchanges. This development comes as Blur, previously a dominant player in the Ethereum-based NFT market, sees a decline in its market share. According to DappRadar’s Dapp Industry Report for April 2024, Magic Eden’s trading volume exceeded Blur’s by $108 million. This surge is attributed to Magic Eden’s strategic expansion into Bitcoin Ordinals and its robust rewards programs, attracting traders and collectors alike. The platform’s integration of Bitcoin Ordinals trading, which now constitutes 70%…

The Ethereum Foundation, a non-profit organization that supports the Ethereum ecosystem, recently transferred a significant amount of ETH. Given what this transaction could imply, it has drawn the crypto community’s attention, which is already speculating about whether the market top might be in.  Ethereum Foundation Moves 1,000 ETH On-chain analytics platform SpotOnChain revealed in an X (formerly Twitter) post that the Ethereum Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9) on May 8. This development is more concerning as SpotOnChain revealed that the Foundation has made other transactions since the start of 2024. Related Reading According…