Author: Crypto News Live

Bitcoin’s slip below its STH Realized Price might capitulate the price to $53,000. Maintaining support at $69,178 may drive BTC to $92,237. Bitcoin [BTC] is set to end the month with a negative price return for the first time since the year began. According to data from CoinMarketCap, Bitcoin’s price was $63,431 at press time. On average, this represents a 9.71% decrease in the last 30 days. As May approaches, there have been questions if the coin would recover from this decline.  While some analysts suggested respite, others painted a gloomy picture for BTC. But hearsay and personal opinion won’t…

One of the fundamental concepts to understand in order to deepen the knowledge of the world of blockchain and cryptocurrencies is that of the so-called Proof-of-Stake (PoS). In order to delve deeper into this topic, it is necessary first of all to know what is meant by blockchain. The Proof-of-Stake Blockchain: the difference between centralized and decentralized Blockchain: The Proof-of-Stake (PoS) consensus mechanism The difference with Proof-of-Work (PoW) The main features of Proof-of-Stake The differences The Proof-of-Stake Blockchain: the difference between centralized and decentralized By itself, a blockchain would simply be, as the name suggests, a chain of blocks linked…

Bitcoin transactions have dropped. Miners are currently underpaid as Runes transactions dropped. After the halving event, Bitcoin [BTC] fees experienced an unexpected spike, leading to a corresponding increase in miner fees. Runes had emerged as a significant contributor to the network’s transactions post the halving event. However, this spike has since subsided, resulting in declining transaction fees and miner revenue. Runes continue to contribute to Bitcoin transactions According to data from Glassnode, Runes has contributed approximately $117 million to transaction fees thus far. Notably, more than half of these fees were generated on the day of the Bitcoin halving. These transactions…

Millions of dollars have been spent on rare mementos from Bitcoin’s past — with some auctions for NFTs breaking records. Bitcoin’s now a teenager — and that means there’s a growing appetite for memorabilia from the cryptocurrency’s early days. It’s like when an unsealed, first-generation iPod hits the market. Bidders go absolutely berserk and end up paying $29,000 for sentimental value. Here, we’re going to look at five of the biggest (and craziest) crypto-related auctions of all time. Janet Yellen in 2017 | Source: Bloomberg 1. The ‘Buy Bitcoin’ sign Being a digital asset, there aren’t all that many tangible…

TL;DRRemember, 10-30% drops are normal in a bull run, we’re still ahead of schedule as far as price action goes, and sideways prices are an opportunity to touch grass.Full StoryWe’re going to keep this one short and sweet, cause that first article was a DOOZY.We’ve noticed a trend, and we can’t tell if it’s just Crypto Twitter being Crypto Twitter, or if its a broader reflection the broader crypto space’s current mood…The trend is that we’ve seen a bunch of “the market has topped, we’re now in a bear market” takes.Which might be true (we don’t have a crystal ball)…

A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions.  Analyst Predicts ETH/BTC Bottom Timeline In a recent X (formerly Twitter) post, crypto analyst and founder of ITC Crypto, Benjamin Cowen, shared his forecast regarding the Ethereum to Bitcoin price ratio, projecting the timeline for when ETH/BTC would hit its lowest value in the current market cycle.  Sharing insights on the market conditions, Cowen noted striking similarities between the present market’s dynamics and the one seen in 2019. He disclosed that ETH/BTC’s recent bounce mirrored the market’s behavior in 2019, two…

Web3 games have a shaky track record. It’s easy to see the appeal: There are literally billions of people playing games, and most of them do it for free. They spend countless hours — and often their own cash — to create content that grows the ecosystem, and they get nothing while the gaming companies get everything. Web3 games, in theory, give power (and equity) to the players. Or, that was the pitch in the last bull cycle, when Web3 games like Axie Infinity seemed to create new economies and even lift players from poverty. Then prices tumbled, games crumbled.…

Early Bitcoin investor has been arrested in Spain over this weekend for alleged tax evasion charges in the United States This is the second time Ver is arrested by the US authorities Just as the crypto space mules over the fate of former Binance CEO – Changpeng Zhao, the United States Department of Justice has announced charges against another prominent crypto player. The person under the DoJ’s radar is Roger Ver aka Bitcoin Jesus who gained his moniker for being an early Bitcoin investor. The US DoJ has claimed that Ver has “evaded nearly $50M in taxes”. The charges against…

In a monumental stride towards revolutionizing asset management, Jiritsu Network, in collaboration with Avalanche, has announced the launch of the Jiritsu Layer 1 blockchain. This innovative platform, powered by Zero-Knowledge Multi-Party Computation (ZK-MPC) technology, aims to reshape the landscape of asset management by enabling the verification and tokenization of previously unverifiable assets. The introduction of Jiritsu Layer 1 represents a paradigm shift in the industry, particularly in sectors such as private equity, real estate, and supply chain logistics. By leveraging ZK-MPC technology, the platform facilitates secure verification and on-chain authentication of assets, significantly reducing the barriers to tokenizing real-world assets…

Moonbirds NFT collection, now under Yuga Labs’ umbrella, has taken a significant turn in its copyright strategy. As of today, the collection will move away from the open Creative Commons CC0 status and grant exclusive commercial rights to its holders, a shift that aligns it with other Yuga Labs properties like Bored Ape Yacht Club and CryptoPunks.From Open Access to Exclusive RightsThe new policy was outlined in a recent announcement by Moonbirds on X: “You’re going to need a character. A character that you own. Starting today, Moonbirds will join Mythics as a collection with commercial rights. If you’ve made stuff during the…