Author: Crypto News Live

As we commemorate the third anniversary of the Inter-Blockchain Communication (IBC) protocol, it’s a pleasure to have Susannah Evans, the IBC Product Lead at Interchain Foundation, with us.— IBC has emerged as a stalwart in the realm of interoperability, boasting reliability and a proven track record. Its inception, rooted in the pursuit of seamless communication among diverse blockchain networks, has significantly minimized the need for third-party intermediaries, setting a benchmark for best practices in the field.With 115 blockchain zones currently integrated through IBC and an impressive $2.9 billion in transfers recorded in the past month alone, the protocol’s growth trajectory…

Bitcoin’s bullish price trajectory ensures profitability amid challenges Halving could cause supply shock, driving volatility and price rise  The year 2024 has proven to be an exceptional one for Bitcoin [BTC], boosted by ETFs and capped off by its 4th halving. However, that’s not all as interestingly, there has also been a significant change in miner behavior. In fact, recent data from CryptoQuant’s researcher revealed that miners have been sending approximately 374 BTC to spot exchanges daily over the past month. This amount was less than one-third of the daily average observed back in February.  Source: CryptoQuant How will Bitcoin’s…

Whale activity around Bitcoin has remained high over the last seven days  Technical indicators hinted at a few low volatility days ahead  After a considerable hike in value on 19 April, Bitcoin [BTC] once again flashed red within hours of its much-awaited 4th halving. In the meantime, however, whales made their move as they increased their accumulation and built on their existing holdings.  Bitcoin whales are active Hours before the halving, the crypto’s price action turned bullish as its value surged past $65k. However, the scenario changed soon after the episode had transpired.  At press time, Bitcoin was trading at…

Tencent Cloud has introduced a new blockchain infrastructure solution aimed at easing the transition for developers into the Web3 space, in collaboration with MultiversX. This initiative is part of a broader effort by both tech giants to enhance the development of blockchain-based gaming. Their collaborative efforts include the provision of startup grants and support for ecosystem hackathons, fostering a robust environment for innovation. 2/ Learn more about the newly released 1-click node service and how @tencentcloud helps ecosystem developers take a shortcut to market and utility 👇https://t.co/9UUaQlKgnV pic.twitter.com/fsjBHuRZtp — MultiversX (@MultiversX) April 18, 2024 The latest development from Tencent Cloud…

Bitcoin’s post-halving hours saw a 2.31% dip, but ETF inflows surged and boosted investor confidence Potential expansion of crypto-ETFs beyond Bitcoin and Ethereum could drive mainstream adoption Looks like Bitcoin’s [BTC] halving brought its own share of surprises! After all the hype surrounding Bitcoin’s halving, BTC hit a bump on the road, falling by 2.31% in just 24 hours. This, despite the Bitcoin ETF market noting such a significant change. After five days of outflows, there was a sudden influx of positive net inflows right before the day of the halving. In fact, according to Farside Investors’ data, five out…

Vertex, a top decentralized exchange operating on the busy Arbitrum network, has taken a big step towards optimal operations and improved user experience by integrating Chainlink Data Streams on its mainnet. This release indicates an important milestone for Vertex as it moves swiftly to benefit from Chainlink’s pull-based oracles that set the industry benchmark and transform its trading platform. Thrilled to announce that we have integrated @chainlink’s low-latency data streams on mainnet!Data Streams will provide high-fidelity, sub-second market data across the DEX, securing robust performance with Chainlink’s battle-tested infra.Learn more 👇https://t.co/CB4nk68bcS — Vertex 🏔 (@vertex_protocol) April 18, 2024 Chainlink Data…

BTC might hike to $67,269 in the first phase of the projected upswing The liquidation levels showed a bearish bias that may soon be invalidated Things might have changed for Bitcoin [BTC] after the completion of its 4th halving. However, in terms of its price, the more things change, more they remain the same. AMBCrypto came to this conclusion after tracking its coin transfers to derivative exchanges. According to data from CryptoQuant, the number of BTC sent to derivative exchanges has increased significantly. Specifically, we observed that this has been the handwork of whales. Historically, when this happens at a…

Noble_xyz, a specialized blockchain platform, is set to expand the presence of the digital currency USDY within the Cosmos and IBCProtocol ecosystems. Noble will facilitate this integration as the platform responsible for on-chain asset issuance. However, officials emphasize that USDY is not intended for marketing, sale, or distribution within the United States or to U.S. persons. Additionally, USDY has not undergone registration under the U.S. Securities Act of 1933. ⚠️ Important: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY also has not been registered under the US…

With Bitcoin finally completing its fourth-year halving cycle, many users are aggressively competing for halving blocks, paying exorbitant amounts of fees to mine a single block.  Bitcoin Mining Pool Pays Over $2.4 Million In Block Fees Earlier today, the 840,000th block was added to the Bitcoin blockchain, triggering the onslaught of the highly anticipated halving event. While the price of BTC did not witness a dramatic change following the halving, transaction fees spiked to unprecedented highs.  Amidst the massive competition, a mining pool identified as ViaBTC had successfully mined the 840,000th Bitcoin block. Cumulatively, BTC users had spent a staggering…

Riding in the coattails of a broader market resurgence, the NFT trading space witnessed in 2024 Q1, with volumes across the top 10 marketplaces soaring to $4.7 billion. According to CoinGecko’s latest report, Blur maintained its stronghold as the leading NFT marketplace during this period. During the first quarter of 2024, Blur recorded $1.5 billion in volume while at the same time, capturing a 27.6% market share, up from the previous quarter. Closely following behind is Magic Eden, which has emerged as a major competitor, surpassing Blur in March. The growth is primarily driven by its Diamond reward program as…