Author: Crypto News Live
Portal, a next-generation gaming forum, has recently announced a development for the stakers. The platform has asserted that it has obtained access to the launch of an exclusive sale in partnership with Somo (a web3 platform that offers in-game transactions). The company disclosed that the stakers on Portal can utilize the Portal Launchpad to participate in the event. Portal has secured access to the hottest launch of the year: $SOMO.In 24hrs, $PORTAL stakers will receive guaranteed access to the sale, as well as larger tickets. Only via https://t.co/ovaX7HJPgQ.This is a benefit exclusive to Portal stakers. How to access the sale:…
Bored Ape Yacht Club creator Yuga Labs continued its recent shake-up by announcing a restructuring initiative on Friday, which will include a new round of layoffs following a previous wave last October. Yuga Labs co-founder Greg “Garga” Solano, who returned as CEO in February, announced the news via Twitter on Friday, sharing screenshots of a Slack message sent to the team. “I owe everyone a frank and honest explanation of what led to this decision. To put it simply: Yuga lost its way,” he wrote. “Getting ourselves centered and on the right path means being a smaller, more agile, and…
The following is a guest post by Alexander Mamasidikov, the CEO of CrossFi.The world of financial transactions is transforming, driven by the rising solutions in Web3 payments. While this evolution is being witnessed worldwide, it’s particularly noteworthy that developing countries are spearheading this change.This proactive approach reflects the agility and adaptability of these economies and positions them at the forefront of financial innovation. From revolutionizing decentralized money transfers to democratizing payment instruments, the rise of Web3 payments in the developing world heralds a seismic shift in how we perceive and engage with financial transactions.As they navigate the uncharted waters of…
Selling pressure on Ethereum rose over the past week Most market indicators looked bearish on ETH’s charts Ethereum’s [ETH] price managed to climb past $3.2k last week. Soon after, however, the altcoin turned bearish as ETH was unable to hold its position on the charts. Given how everything has panned out, if the worst scenario is to be considered here, ETH might fall to its $2.7k support level. More red for Ethereum According to CoinMarketCap, ETH’s price appreciated by 2% last week, allowing it to go past $3.2k on 24 April. However, the uptrend didn’t last long as its price…
Life Beyond is back with an early access preview for those with Founder’s Watches NFTs in their wallets. And though the game is limted and somewhat basic at the moment, the gameplay is generally smooth and we also get our first view of the open world of Dolos! This early access preview brings us to a new point in the space-time continuum of Life Beyond. After initially exploring the world during alpha back in July of 2022, Life Beyond has held a number of alpha playtests. But none before with an open world concept! After losing our planetary base during…
The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism. Bitcoin Price Stagnant, But AI Model Foresees Bright Future For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the $64,000 mark. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. But a deep learning model developed by CryptoQuant, a leading blockchain analytics…
Decentralized Physical Infrastructure (DePIN) is utilizing blockchain technology to enable users to take ownership of their data. Tokens incentivize users to provide services in the real world using physical infrastructure and systems. A popular example of a DePIN project today is Helium, a wireless Internet of Things (IoT) network. According to Scott Sigel, the chief operating officer of the Helium Foundation, anybody can buy a helium-compatible gateway — which is similar to a traditional WiFi hotspot in everyday homes — and install it around their properties or in commercial spaces. Read more: Unlimited Helium Mobile cell plan goes nationwide for…
Ethereum topped Thursday’s non-fungible token (NFT) market with over US$23 million in sales, CryptoSlam data shows. Over half of those sales came from CryptoPunks 635, which was sold for US$12.4 million at Larva Labs marketplace. Ethereum saw a total of 16,363 transactions conducted by 1,770 unique buyers and 1,354 unique sellers. Ethereum ended a 20-day streak of daily sales below US$10 million. This daily performance contributes to Ethereum’s all-time sales volume, which now stands at approximately US$43.64 billion from nearly 47.56 million transactions. Bitcoin and Solana followed, with daily sales reaching US$6.67 million and US$3.72 million, respectively. This marks the…
TL;DRFull StoryAlright, time for a much belated bi-weekly (ish) check in with Bitcoin and the broader crypto market.Bitcoin sold off between Wednesday night, dipping as low as $62.8k on Thursday morning, after a bunch of long positions got liquidated.Translation: once Bitcoin started falling, a bunch of BTC holdings that were bought using borrowed money were automatically sold off to cover each account’s losses.(And that additional sell pressure only helped to push prices down even further, triggering more position closures, until prices bounced back).Meanwhile, altcoins followed suit — ETH took a trip from ~$3.3k to ~$3k, while SOL moved from ~$159…
Bitcoin and Ethereum recorded a decline in volatility over the last few days Bearish sentiment retained dominance across the market After noting massive fluctuations in terms of price over the last few weeks, both Bitcoin [BTC] and Ethereum [ETH] saw a period of stagnancy on the price front. Calm before the storm? In fact, Bitcoin trading calmed down significantly this week, with volatility dropping on the back of trading volumes being compressed from 70% to 50%. When a market is consolidating, many traders prefer to accumulate long positions. Despite this trend, however, most traders have decided to be bearish as…
