Author: Crypto News Live

Outer Edge Riyadh, a well-known Web3 innovation platform, has recently started an exclusive partnership. As per the company’s announcement, it is partnering with Transak (a Web3 app accessibility forum) to provide seamless support for the crypto assets. The company disclosed its enthusiasm for the integration with the prominent infrastructure providing a platform for web3 entities. 📣 Exciting news! @Transak: the leading web3 infrastructure service provider – will be featured at #OuterEdgeRiyadh. Transak simplifies the crypto buying process with a seamless integration that supports over 170 cryptocurrencies across 75+ blockchains! 👇 pic.twitter.com/S3BY95l14u — Outer Edge – Riyadh 🪐 (Formerly #NFTLA) (@NFTLAlive)…

Magic Eden has surprised its user base by launching its highly anticipated Bitcoin Runes platform ahead of schedule. Initially slated for release on April 23, 2024, the platform quietly went live a day early on April 22.Magic Eden has established a forward-thinking reputation in the NFT space and is now making moves to expand its services further into the growing Bitcoin ecosystem. The launch of the Runes protocol comes just days after Bitcoin’s fourth halving event, indicating a move to capitalize on the heightened attention surrounding the reduced supply milestone.Magic Eden’s Runes ExperienceIn line with Magic Eden’s user-centric approach, the platform has introduced refined…

The second-largest crypto token by market cap, Ethereum (ETH), looks set to make a massive market recovery following recent buys suspected to be made by Tron’s founder, Justin Sun. Sun’s accumulation spree again highlights crypto whales’ recent bullishness on Ethereum despite fluctuating prices.  Sun Allegedly Buys $405 Million Worth Of ETH In an X (formerly Twitter) post, the on-chain analytics platform Lookonchain drew the crypto community’s attention to a mysterious wallet suspected to belong to Justin Sun. This wallet is said to have bought 127,388 ETH ($405.19 million) from Binance and decentralized exchanges (DEXs) since April 8 at an average…

In the midst of the dramatic changes that have occurred in the cryptocurrency space after the Bitcoin halving event, Bitfinex provides a perceptive analysis that reassures investors that the market dynamics of BTC have remained positive in the post-halving period. Bitfinex examines the on-chain data and finds encouraging signs for Bitcoin in spite of the United States economy’s current state of uncertainty in its most recent Alpha report, which was released on April 22. Bitcoin Market Dynamics Remains Bullish According to the Hong Kong-based crypto platform, exchange withdrawals of Bitcoin are currently at levels not seen since January 2023. This…

Bitcoin fees dropped after the halving, reducing miner revenue in the process. Runes might cause a surge in activity on Bitcoin’s block space, and fees might spike again. Bitcoin [BTC] fees have been a major subject in the crypto market since the halving on the 20th of April. The day before the halving, the average fee on the Bitcoin network surged to $128. On halving day itself, the total fees paid to have a transaction processed on the 840000th block was a mind-blowing $2.40 million. This value was equivalent to 37.62 BTC, according to mempool.space. Source: mempool.space But as of…

Meta is set to expand its Meta Quest ecosystem by opening up the operating system of its Meta Quest devices to third-party manufacturers, including industry leaders like Xbox and Lenovo. Utilizing Meta Horizon OS, this move could potentially shape the future of the metaverse and make mixed-reality technologies more accessible to a larger audience.Collaborating for a Larger AudienceMeta has been investing in mixed reality technologies for over a decade, and by partnering with global technology leaders, they hope to bring this experience to an even larger audience. According to a recent blog post, third-party hardware manufacturers can now create a…

Solv Protocol, a decentralized forum to create, manage, as well as trade financial NFTs, has recently partnered with BNB Chain. As included in this collaboration, Solv Protocol has announced the launch of its SolvBTC on the BNB Chain to provide exclusive earning opportunities to the community. With this partnership, the BNB community will get significant benefits. SolvBTC is now live on @BNBCHAIN!As we expand our horizons, we’re thrilled to bring native yield opportunities to the BNB community. Powered by @BNBCHAIN, SolvBTC aims to strengthen the ecosystem and empower its users.To celebrate the launch, we’re offering double XP for… pic.twitter.com/OGtokJEmEi —…

Just days after the launch of Bitcoin’s buzzy Runes fungible token standard, leading cross-chain NFT marketplace Magic Eden has launched its promised Runes platform, aiming to ease some of the early headaches that traders have encountered around the tokens. As enthusiasts grapple with the complexities of new technology, some traders have griped about the frustrations of the bumpy minting and trading experience around Runes. Whether it’s running a node, minting via Xverse on Luminex, or trading on Unisat, the steep learning curve is evident. Monday’s launch of Magic Eden’s Runes platform, in beta, is the latest chapter in the company’s…

The decline in Ethereum’s network activity has turned Ether inflationary. Despite recent price troubles, ETH’s long-term outlook remains significantly bullish. Ethereum’s [ETH] supply has become inflationary, as the general market decline in the last month has decreased user activity on the network.  According to data from Ultrasound.money, the leading altcoin’s supply has risen by over 4,836 ETH in the past 30 days. In the last week alone, this has grown by 9,000 ETH.  ETH’s supply is deemed to have become inflationary when there is an uptick in the number of coins created and added to the circulating supply, thereby increasing…

Iskra, a pioneering force in the realm of Web3 gaming platforms, has achieved a significant milestone by securing a strategic investment from Animoca Brands. This strategic collaboration marks a pivotal moment for Iskra, as it gears up for further global expansion and market penetration. Founded in 2022 and backed by a consortium of prominent technology and gaming companies in South Korea, Iskra had previously raised an impressive $40 million. The infusion of capital from Animoca Brands further fortified Iskra’s position in the burgeoning Web3 gaming landscape, signaling a new phase of growth and innovation. Great news, explorers — Iskra has…