Author: Crypto News Live

Ethereum led Wednesday’s non-fungible tokens (NFT) market with a daily sales volume of over US$7.13 million, according to data from CryptoSlam. Despite recording the highest sales volume for the day, the leading NFT blockchain hasn’t topped US$10 million since April 4. Following Ethereum, Bitcoin followed closely behind in the second spot for daily NFT sales, just under US$7.13 million. Bitcoin had its third consecutive day under US$10 million despite NodeMonkes, a Bitcoin Ordinals NFT, leading Wednesday’s collection rankings. Solana took the third spot in daily NFT sales, posting a daily sales volume of over US$5.08 million, driven by a higher…

A collaboration between SEALSQ and WISeKey has paved the way for a revolutionary approach to securing high-value items, such as Swiss watches and artworks. Through integrating digital certification with NFT technology, this partnership aims to enhance protection against fraud and counterfeiting, setting new standards in the luxury goods market.Ensuring Authenticity through Digital CertificationThe partnership has introduced a “Product Birth Certificate” for luxury items, assigning a unique digital identity to each product. This certificate is secured with cryptographic keys that prevent duplication and ensure data integrity, making it nearly impossible to clone or counterfeit the item. With this technology, brands can…

Ethereum’s Supply on Exchanges increased in the last few days.  ETH was down by over 2%, and indicators looked bearish.  Ethereum [ETH] has witnessed a considerable amount of outflow from exchanges over the last week. This happened while its price action was bullish. However, the market turned bearish in the last 24 hours. Did this have a negative impact on ETH’s outflow?  Ethereum’s outflow surged! Ethereum’s price rested comfortably above the $3k mark as its price rallied by more than 6% in the last seven days. While that happened, investors stockpiled ETH, hinting that they expected the token’s price to…

Puffverse, a gaming project built around NFT characters minted on Binance’s BNB Chain, announced Wednesday that it will migrate its collections to Ethereum gaming network Ronin, and launch a play-to-earn party game called PuffGo on the network. Alongside the migration news, Puffverse announced a $3 million funding round led by metaverse investment giant Animoca Brands, with participation from Ronin creator Sky Mavis along with Arcane Group, Spartan Group, Foresight Ventures, HashKey Capital, and Xu Family Office. The funds will support development of the flagship party game PuffGo, as well as the creation of a cloud gaming platform for building personalized…

BTC’s key on-chain metric hinted at price volatility. However, technical indicators on a price chart refuted that claim. Bitcoin’s [BTC] spent outputs for investors that have held their coins for one to twelve months have witnessed a spike, hinting at the possibility of a price swing, according to CryptoQuant’s data. Source: CryptoQuant BTC’s spent outputs for different age bands of investors offer insights into coin holders’ spending behavior. For example, it can track whether coins held by short-term holders are being moved, indicating an uptick in profit-taking activity. Volatility in the BTC market? When the amount of spent output for…

Shiba Inu (SHIB) has soared 17% in the past week. The rally of Shiba Inu extends beyond its native token, SHIB, with companion tokens like LEASH and BONE. In a remarkable resurgence, Shiba Inu (SHIB), the famed meme coin, has recovered from recent losses and soared by 17% in the past seven days, currently trading at $0.00002524. This resurgence comes on the heels of significant growth within the Shiba Inu ecosystem during the first quarter of 2024, with SHIB, alongside its companions Doge Killer (LEASH) and Bone ShibaSwap (BONE), witnessing substantial price hikes. Further, the widely-used cryptocurrency trading platform Robinhood…

Consensys has sued the SEC for wanting to take action against the firm for its MetaMask products The blockchain firm has also asked the court to declare Ethereum as not a security In a fresh move, Consenys, a blockchain software technology company, has taken the first step in bringing clarity on Ethereum’s status as ‘not a security’. The blockchain company, founded by Ethereum’s co-founder, Joseph Lubin, has sued the United States Securities and Exchange Commission (SEC) and its five commissioners. Today, Consensys filed a lawsuit against the Securities and Exchange Commission. The goal behind this is to ensure that Ethereum…

The Xai Foundation announced Wednesday that it has teamed up with game publisher Mimunga and developer Honig Studios to bring the trading card game The Lost Glitches to the Xai layer-3 Ethereum gaming network built on Arbitrum. Alongside the alliance, The Xai Foundation has also invested an undisclosed sum in the project to help bring it to the gaming network. Decrypt’s GG asked for clarification on the investment, but did not receive an immediate response. “We’ve partnered with Xai due to the tremendous support from its team, who share our vision of creating games that are accessible to all gamers,”…

The recent Bitcoin halving event, which cut the block reward for miners in half on April 20, 2024, has sparked a wave of optimism in the cryptocurrency market. While a brief dip in a key futures metric hinted at potential short-term bearishness, overall market indicators suggest a bullish trend taking hold. Analysts at Kaiko, a market data provider specializing in crypto derivatives and futures, reported a shift in Bitcoin’s funding rate leading up to the halving. The funding rate is a fee paid between long and short position holders in futures contracts. A negative rate signifies that short positions are…

Bitcoin miners confront uncertainties amidst price surges preceding the fourth halving. Strategic decisions on Bitcoin holdings and regulatory challenges impact mining profitability. Amidst the dynamic landscape of the cryptocurrency market, Bitcoin [BTC] miners find themselves at a crossroads. The fourth halving saw a departure from the norm as Bitcoin’s price surged beforehand, sparking speculation within the industry. With Bitcoin hitting new all-time highs even before the halving, there was a looming question: is this a boon or a bane for miners?  Bitcoin halving impacts miners  Shedding light on the same, Adam Sullivan, the CEO at Core Scientific, one of the…