Author: Crypto News Live

Another NFT mint is upon us. This one is from Paradise Tycoon and gives users a chance to mint a Gold Pass NFT, which will act as a premium battle pass for the game and provide other benefits, potentially including future token or NFT airdrops! Free mint? That’s right! The mint for the Paradise Tycoon Gold Pass will be completely free. In fact, since the mint is taking place on the Immutable zkEVM network, there won’t even be a gas fee! If you don’t already have the Immutable zkEVM network setup in you wallet, you can read the official instructions…

Bitcoin’s recent price drop has led to significant market liquidations. Poor performance of the Hong Kong and U.S. spot ETFs underline market struggles. As Bitcoin [BTC] continued to struggle under significant market pressure, dipping below the $58,000 mark, analysts are now projecting a substantial price correction of 30-40% in the current market cycle. This potential drop could see the leading cryptocurrency adjust to values not seen since earlier bullish runs, sparking concerns and anticipatory strategies among investors. Bitcoin dangles close to $55K Bitcoin’s recent market behavior has been less than favorable, with a 10% decline over the past week, bringing…

Vitalik Buterin, co-founder of Ethereum, has introduced significant advancements in cryptographic proofs, notably enhancing verification speeds and simplifying the process. These developments leverage new techniques in STARKs and introduce innovative tools like Plonky2 and Binius. These changes are set to improve the efficiency of blockchain technologies drastically. Fast and Easy to Verify Cryptographic Proofs In the spotlight are STARKs — scalable, transparent arguments of knowledge. According to Buterin, these cryptographic proofs stand out for their ability to efficiently verify complex statements, such as an Ethereum block’s validity. A notable innovation in STARKs is the use of smaller field sizes, which…

Ethereum closed Wednesday’s non-fungible token (NFT) sales as the top blockchain in the market, with US$6.87 million, CrptoSlam data shows. The platform witnessed a slight decrease in total transactions to 14,840, compared to 14,987 the previous day, yet it maintained a high level of activity with 4,229 unique buyers and 3,304 unique sellers. Ethereum closed its worst monthly NFT performance since October 2023. In April, Ethereum recorded US$241 million in sales, which is more than half of the US$489 million it had in March, according to CryptoSlam data. Bitcoin was Wednesday’s second-ranked position for NFT sales. Its gap from Ethereum…

The first closed beta for Wanderers opens on May 3rd. This beta playtest will only be open to accounts who hold RAM cards. Holders will have a chance to dive into this action-packed, sci-fi dungeon adventure to try and defeat the menacing, Dark Entity! Perhaps even with rewards for doing so! Known as First Jump, this playtest is the first closed beta for Wanderers and open only to RAM Bundle holders. The playtest runs from Friday, May 3rd 12pm ET to Tuesday May 7th 12pm ET. Players are tasked with finding and defeating the Dark Entity. Supposedly there will be…

The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed that $51,800 is now the most important support level for Bitcoin. Norok pointed out that Bitcoin has since returned to…

EMURGO is a global blockchain technology company. It acts as the official commercial and venture arm of the Cardano project, which is a decentralized blockchain platform that runs the ADA cryptocurrency. EMURGO aims to foster the development of the Cardano ecosystem by investing in startups and companies that are building on the Cardano platform. The company provides solutions and services to businesses and governments in industries ranging from finance and healthcare to education and retail, helping integrate blockchain technology into their operations. The precious metals industry involves a complex network of stakeholders, including mines, ports, refineries, and exchanges. As EMURGO…

Omnity, an omnichain interoperability protocol, announced Runes integration. The Omnity team told crypto.news that it had integrated Runes, an efficient UTXO-based Bitcoin meta-protocol that allows the trading of fungible tokens on Bitcoin. With the new update, Omnity reduces network congestion, supporting the evolution of the Bitcoin network towards serving broader economic functions. At launch, Omnity provides core functionality for Runes tokens, including transferring them between chains. This is achieved through introducing a twin token, which ensures that the integrity and functionality of Runes assets are maintained across different chains. “In addition to interoperability, the Omnity development team also has extensive…

Bitcoin has recently dipped to $57,770, marking a 21% decline from its peak. There is a shift in BTC Cumulative Volume Delta (CVD) to sell side pressure. The cryptocurrency market has recently witnessed significant volatility, with Bitcoin leading the downturn. Over the past week, Bitcoin [BTC] has seen a decline of about 21% from its March peak, which stood above $73,000, marking a considerable shift in market dynamics. As of now, Bitcoin trades at approximately $57,770, continuing its downward trajectory with a slight 0.2% drop in the last 24 hours. Market mechanics and the role of derivatives James Check, an…

TL;DRFull StoryIf there are two things we know to be true, it’s:Everybody hurts, sometimes. (Thank you R.E.M.)Every cool new technology will eventually snitch on its usersTo that last point: Blockchain snitched on us by making all of our transactions public, smartphones snitched on us by sharing our data w Google and Facebook…And now, right on cue:AI is snitching on us.Why is this in our ‘This is cool’ section?Because in this very specific use-case, AI is being used to deter bad actors from transacting on the Bitcoin network.(That said, the contents of this article could also fit under the title of…