Author: Crypto News Live
Crypto analyst Crypto Rover has provided insights into what could happen if the Bitcoin price drops below $58,000. The flagship crypto has continued to suffer price declines lately and risks dropping to that price level if it manages to break the crucial $60,000 support level. What A Drop Below $58,000 Would Mean For The Bitcoin Price Rover mentioned in a video on his YouTube channel that Bitcoin dropping below $58,000 would mean a breakdown for the flagship crypto token. He, however, quickly added that there’s still a lot of liquidity in the market, which he believes Bitcoin can take in…
Earlier today, Frederik Gregaard, CEO of the Cardano Foundation, outlined the upcoming governance structure for Cardano, marking a pivotal moment in the evolution of this blockchain platform. The Cardano Foundation is a nonprofit organization based in Zug, Switzerland, that oversees and supervises the development of the Cardano blockchain ecosystem. Its primary roles include driving adoption, shaping legislation and commercial standards, growing the global Cardano community, ensuring stakeholder accountability, and facilitating partnerships. The Foundation is dedicated to protecting and promoting Cardano and to advocating on behalf of the users and community of the protocol. Gregaard announced the development of an interim…
Veyond Metaverse, a specialist in AI-driven Extended Reality (XR) healthcare technologies, has announced the integration of Apple Vision Pro into its XR 5D Digital Surgery platform. Through its Veyond Connect platform, it hopes to transform anatomy education and remote-assisted surgeries. Addressing Global Cadaver Shortages with Digital SolutionsThe global pandemic has worsened the shortage of cadavers for medical training. In response, Veyond Metaverse has created a 5D anatomy platform that mimics traditional cadaver-based education. This platform allows for interactive and repeatable dissections, providing ongoing training and helping meet the increasing global need for anatomical study resources.The integration of Apple Vision Pro into…
Accounting firm EY launched an Ethereum-based blockchain solution on Wednesday. It aims to help businesses execute complex agreements, reduce costs, and maintain security. Called the EY OpsChain Contract Manager (OCM), it is designed to tackle hurdles like managing business agreements spanning internal and external operational and technology silos. It also enables multiple parties to synchronize data among various business partners. Additionally, it enforces critical terms through smart contracts, including standardized pricing, volume discounts, rebates, and strike prices. The Big Four firm referenced data from Zion Market Research, which predicts the global smart contracts market is projected to reach $1b by…
BTC accumulation climbs ahead of the halving event. The past few days have seen an uptick in market volatility. Bitcoin’s [BTC] accumulation has reached a new milestone, with the next halving event just a few hours away. In a new report, pseudonymous CryptoQuant analyst IT Tech found that on the 16th of April, inflows into BTC accumulation addresses exceeded 27,000 BTC. The analyst described an accumulation address as an address with no record of outgoing transactions, a balance exceeding 10 BTC, no link to any centralized exchanges or miners, received more than two incoming transactions. Its most recent transaction had…
TL;DRFutures contracts are an agreement to buy or sell an asset at a specific price at a later date; and since the value of BTC has dropped in the past month or so, huge futures liquidations have happened.Full StoryLet’s talk about futures contracts (but we’ll make it fun).Futures contracts are an agreement to buy or sell an asset at a specific price at a later date.For example, say Seb thought after BTC hit $73k last month, it might hit $80k by the 17th of this month (yesterday).He might set up a contract to buy BTC at $73k, and come the…
ETH has corrected as much as 17% over the week, and could fall further below $2,400. The market sentiment for ETH was neutral as of this writing. Ethereum [ETH] dipped below $3,000 in the last 24 hours, following a 3.24% fall in its price, according to CoinMarketCap. The second-largest cryptocurrency has corrected as much as 17% over the week, as bulls struggled to overcome the downward volatility in the broader market. However, market participants seem to be reacting differently to the ongoing slump, with some profit-taking on their investments while others accumulating ETH at lowered prices. To buy or to…
Changelly has recently partnered with cold wallet NGRAVE. As a gift for new and current NGRAVE users, Changelly and NGRAVE prepared a fun questionnaire — participate now to win the NGRAVE Combo pack. Moreover, we’ve created a step-by-step guide for you to feel comfortable while swapping cryptocurrencies. Dive in! NGRAVE offers a 3-tier crypto security solution. ZERO, an air-gapped touch-screen hardware wallet, allows users to store and transact their crypto securely. GRAPHENE, a stainless steel encrypted backup solution, ensures that users never lose their keys. LIQUID is a convenient mobile app that connects users in real time to the blockchain…
Bitcoin has seen its price suffer from the tremendous selling pressure that has filled the market over the last few weeks. However, as investors hope for relief, it seems that the sellers are far from done, with one notable Bitcoin sell transaction in particular sending the market into a frenzy. Whale Dumps $1 Billion Worth Of Bitcoin Whale tracker Whale Alert took to X (formerly Twitter) to inform the crypto community of a large Bitcoin transaction that was participating in the sell-off. The transaction was carrying a total of 16,276 BTC which was worth around $1 billion at the time…
API3 has unveiled a strategic collaboration with the launch of XLayerOfficial. This collaboration marks a pivotal moment for both entities as they join forces to revolutionize decentralized data provision in the crypto space. The announcement, made public earlier today, outlines API3’s commitment to supporting the builders of XLayerOfficial, signaling a new era of innovation and collaboration within the industry. We’re excited for the launch of @XLayerOfficial and are committed to supporting their builders. 💪API3’s oracle stack will be deployed on X Layer soon, giving developers access to over 160 decentralized data feeds integrated with @OEVNetwork to recapture protocol MEV. pic.twitter.com/nr5lrBMJS1…
