Author: Crypto News Live

According to the latest on-chain revelation, the Bitcoin network has been experiencing a steady decline in high-value transactions over the last few weeks. This sluggish activity has been mirrored by the price of the premier cryptocurrency, which has struggled to break out of consolidation throughout the month of April. In the past week, the Bitcoin price struggled to hold above $67,000 despite touching the level multiple times. The price of BTC has since been in a tumble and is down by more than 2% in the last seven days, according to data from CoinGecko. Interestingly, the recent on-chain data suggests…

The Bharat Web3 Association (BWA), an industry body formed to promote and grow the Web3 industry in India, has signed a memorandum of understanding (MOU) with Japan ANICANA Dealers Association (JADA) to explore collaborative opportunities in Web3 technologies. Both the associations would engage in joint initiatives focused on Web3-related advocacy, educational conferences, workshops, and thought leadership activities, the BWA said in an emailed statement. The collaboration aims to foster a conducive environment for knowledge-sharing, innovation, and industry advancement within the Web3 ecosystem. “We hope to leverage our partnership to exchange insights on use cases, manage risks through regulatory frameworks, and…

Bitcoin’s dominance persists amidst growing excitement for altcoins. Retail interest continues to remain significant and should not be overlooked. 2024 has been filled with unexpected twists and turns in the cryptocurrency realm. From the highly anticipated Bitcoin [BTC] halving to the relentless fluctuations in price, investors have experienced significant changes.  Regulatory scrutiny from bodies like the Securities and Exchange Commission (SEC) and now the Federal Bureau of Investigation (FBI) has added another layer of complexity to the landscape.  Despite these critical issues, investors have remained captivated by leading cryptocurrency Bitcoin, per AMBCrypto’s analysis of Bitbo data.  Source: Bitbo Remarking on…

Transak, a leading fiat-to-crypto payment gateway, has recently announced its partnership with VeChain, a blockchain platform for supply chain management and asset digitization. This collaboration will bring Transak’s NFT Checkout solution to VeChain’s Marketplace-as-a-Service (MaaS) platform, opening up a whole new world of possibilities for the adoption and use of blockchain technology.The integration of Transak’s NFT Checkout on VeChain’s MaaS platform will enable users from over 160 countries to purchase NFTs with fiat currency, starting at just $0.01 – a first in the industry. This not only makes it more accessible for individuals to enter the world of NFTs, but also opens up opportunities for businesses to tokenize…

Voluntary exit on Ethereum fell to a one-month low. Despite last week’s price rally, bearish sentiments remain significant in the ETH market. The daily count of validators exiting the Ethereum [ETH] network recently cratered to a 30-day low, data from Glassnode showed.  Source: Glassnode This occurred due to the recent decline in demand for the proof-of-stake (PoS) network. AMBCrypto previously reported that user activity on Ethereum has declined over the last month. This resulted in a low ETH burn rate, which has increased the coin’s supply and made it inflationary once again.  When ETH becomes inflationary, its price experiences significant…

Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may already be in. He made this conclusion based on his “exponential decay” thesis, which he noted may actually be good for the Bitcoin ecosystem. Why Bitcoin’s Price Has Topped Brandt explained that historical data suggests that Bitcoin’s price has topped. He further alluded to an “exponential decay,” which he noted could be used to describe Bitcoin. Brandt’s exponential decay thesis is based on the fact that Bitcoin’s percentage gain has significantly reduced in every subsequent bull cycle.  For context, Bitcoin, according to the crypto…

The firm aims to create a model of collective ownership using blockchain technology. Real-world asset (RWA) tokenization platform 10101.art made its official launch at Dubai’s Ritz-Carlton offering pre-sale access to the attendants to Banksy and Warhol originals. The idea behind the project is to digitally divide famous art pieces and sell them as tokens, creating collective ownership using blockchain. “We believe it’s time for a more welcoming approach to art ownership. 10101.art is using technology and collaboration to create a more enriching experience for everyone,” stated Alina Krot, CEO of 10101.art. “This event marks a significant step in that journey,…

Digital artist Grant Yun debuted his non-fungible token (NFT) collection “Life in Japan” on Solana’s marketplace Exchange Art on April 18, through the drop “A Bright Spring Day”. The NFTs sold out within nine minutes after the mint became public. The collection delves deeply into memories from his time in Korea and frequent visits to Japan. …and theyre all sold! 9 minutes from open!! Excited to join a new community!! ♥️ Greatly appreciate the patience from everyone throughout this turbulent process! Back to work on more art!! pic.twitter.com/Fto8ghoTTl — Grant Riven Yun (@GrantYun2) April 19, 2024 Despite publishing previous digital…

Consensys sued the SEC in Texas over Ether’s classification Org has challenged the SEC’s allegations, while advocating for fairness and clarity With the debate around Ethereum’s [ETH] possible classification as a security becoming long and tiresome, Consensys, a blockchain software giant, recently made news. It did so by taking a bold step and initiating legal action against the United States’s SEC and its five commissioners. Laura Brookover’s insights Remarking on the same, Laura Brookover, Senior Counsel & Head of Litigation and Investigations at Consensys, on a recent episode of “Unchained,” claimed,  “I never expected to one day be suing the…

Increasing calls to sell BTC could fuel a rebound towards $68,600 An important metric revealed that the coin has not yet hit the peak of this cycle In an interesting turn of events, Bitcoin’s [BTC] fall below $63,400 has fueled much Fear, Uncertainty, and Doubt [FUD] in the market. This assertion can be supported by looking at traders’ sentiment over the last 12-24 hours. Using Santiment’s on-chain social tool, AMBCrypto noticed that the calls to sell were much more than the ‘buy the dip’ screams. A few weeks ago, that was not the case. This, because any slight dip in…