Author: Crypto News Live
The much-anticipated Bitcoin halving has finally happened. It’s a major event in the cryptocurrency world, where the rate at which new coins are created is cut in half. This phenomenon occurs every four years and has a significant impact on the entire crypto market. But what does this mean for the world of gaming, specifically the emerging field of Web3 gaming?The Impact of Bitcoin Halving on GamingTo understand the potential impact of the Bitcoin halving on Web3 gaming, we need to look at how games have reacted in the past. In previous halvings, there was a spike in interest and…
The altcoin market was performing well in the past five months, but the halving fears stalled it. The next such run could take a while to materialize, but will leave telltale signs. The altcoin market has lost a lot of value in the past month as fears swirled around a Bitcoin [BTC] halving. Prominent crypto analyst Ali Martinez observed on X (formerly Twitter) that altcoin seasons start shortly after Bitcoin halving. An alt season is when the market capitalization of altcoins multiplies. Given how capital rotation is believed to work in the crypto space, this usually does not last more…
An increase in exchange withdrawal and a negative MVRV ratio suggested a potential UNI rally. The project’s TVL increased, indicating that traders had recovered from the earlier FUD. If the recent action of a whale is anything to go by, Uniswap [UNI] could be set for a big rally in the coming weeks. According to Spot On Chain, a whale withdrew his UNI holdings from Binance for the first time. The total tokens were 121,871, valued at $954,000. Withdrawing the tokens from the exchange implied that the participant does not plan to sell anytime soon. For the price action, this…
Automata Network, a platform that provides private web facilities to dApps, has recently announced an exclusive development. The company has disclosed the launch of Horizen EON, an EVM-compatible sidechain that runs a smart contract forum focusing on scalability, on 1RPC. 1RPC operates as a Web3 relay that intends to safeguard the privacy of the consumers. EON Launches on 1RPC, Says Automata Network The company disclosed the development in a recent blog post. The firm mentioned that 1RPC shields the metadata of the consumers from any leakage and exposure. In addition to this, the company has revealed that 1RPC has effectively…
Bullish Ethereum whales got liquidated due to highly volatile price movements. Holders remained unprofitable despite rising prices. Ethereum [ETH] has experienced massive volatility over the past week, causing traders to lose money left right and center. Whales see red Not only retail investors, but some whales have also been subject to liquidations over the past few days. According to Lookonchain’s data, a whale, despite previous losses totaling $4.5 million, doubled down on its ETH position, demonstrating confidence in the asset’s potential, and ended up losing money. The investor also made a move involving the withdrawal of 8,249 ETH from Binance…
Recently, Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC), made a major move by burning 4,295 HV-MTL NFTs. This decision was made in response to the acquisition of two gaming IPs from Yuga Labs by the blockchain gaming studio Faraway. What Led to the Burning of HV-MTL NFTs?In a surprising move, Yuga Labs announced that they would be burning 4,295 HV-MTL NFTs. This represents 14% of the total supply of HV-MTL NFTs, reducing the overall supply from 30,000 to 25,705. While this may seem like a drastic move, it was done with the intention of increasing the…
Buying sentiment remained dominant in the market. Market indicators hinted at a few more slow-moving days. The Bitcoin [BTC] halving triggered a bull rally for altcoins, but BTC itself did not showcase much volatility. However, if historical data is to be believed, then things might turn bullish for BTC as well. Therefore, AMBCrypto analyzed BTC’s state to understand what to expect from it after a few days of halving. Bitcoin remains calm post-halving Just a few days after the much-awaited BTC halving, altcoins began bull rallies, allowing several cryptos to register double-digit growth. Meanwhile, BTC laid low, as it didn’t…
Aethir has detailed insights about Aethir Edge, the centerpiece of its solution for making it big in one of the fastest-growing segments—DePIN, an acronym for decentralized physical infrastructure. The idea is to support the AI and gaming sectors with GPU cloud computing. Plans are in line for Aethir to roll out rewards and native tokens—ATH—in the second quarter of 2024. Aethir Edge has been defined by Aethir as a visionary hardware cloud computing device that can anticipate the rapid expansion of user bases and enterprises. Also working in favor of Aethir Edge is that it attempts to bank those who…
TL;DRFull StoryICYMI the Rune protocol is a new project by the creator of Bitcoin Ordinals (we wrote about how it works here) that launched at the same time as the BTC halving.Like Ordinals, it lets people ‘etch’ (i.e. mint) tokens on-chain. The two main differences are:Ordinals are ‘non-fungible’ (one-of-a-kind) while Runes allow you to create fungible tokens on the Bitcoin network. This opens up all kinds of possibilities like stablecoins built on top of BTC, or new types of governance tokens.The Rune protocol reduces the amount of ‘Unspent Transaction Outputs’ (UTXO’s – more on that here). In theory this means…
Ethereum sees more outflow but fewer new stakes. ETH continued its recovery post-BTC halving. As the Bitcoin [BTC] halving approached, altcoins experienced a price decline. Analysis indicated that Ethereum was among the assets that witnessed substantial recovery following the halving. However, the recovery of ETH staking remained elusive. Ethereum daily staking drops AMBCrypto’s examination of Ethereum’s staking chart showed a significant downturn in the volume of new stakes over the past few days. The chart indicated that at the beginning of the previous week, there was an uptick in the volume of staked ETH, peaking at over 115,000 by the…
