Author: Crypto News Live

Miners have been investing in more efficient machines to tackle post-halving financial stress. Miners’ sell-offs increased in recent months. With less than three days to go for the pivotal Bitcoin [BTC] halving event, the focus has shifted to miners and their economic sustainability in the aftermath. What next for miners after halving? Historically, miners’ revenue streams take a big hit immediately after the halving, owing to slashing of block rewards by half. This was exemplified by on-chain analytics firm IntoTheBlock. Source: IntoTheBlock However, the pain was observed to be temporary, as the king coin progressively increased in value following the…

OKX, the fourth-largest crypto exchange, said its new layer-2 blockchain, called X Layer, has gone live on its public mainnet, a continuation in the era of major crypto companies starting their own distributed networks. X Layer, previously known as X1, makes use of Polygon’s Chain Development Kit (CDK), a customizable toolkit that lets developers build their own chains by making use of zero-knowledge technology. The news comes as other major cryptocurrency exchanges have pursued their own layer-2 networks over the past year. In August, Coinbase launched its “Base” blockchain, which is built with Optimism’s OP Stack. Kraken is reportedly also…

In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and equally swift rebound. This is followed by a more rounded,…

TL;DRFull StoryStrap in and hold tight, cause we’re about to take the first train directly to Nerd Town.You’ve probably heard of Ordinals (we’ve written about it a bunch of times). Ordinals uses the token standard, BRC-20 which just sounds like a bunch of letters and numbers – and it is – but they’re important letters and numbers because they meant that data could be hosted on the Bitcoin network (which many refer to as ‘BTC NFTs’).Now there’s a new player in town, and they go by the name of ‘Rune.’To explain how Runes can be more efficient than the BRC-20…

Inspect, a leading Web3 social intelligence platform in the crypto market, has announced the official integration of its esteemed partner, MultiversX, across its entire platform. This collaboration aims to provide users with enhanced tools and insights to explore the MultiversX ecosystem seamlessly. One of the standout features of this integration is the introduction of a dedicated collection ranking system for MultiversX-based NFT projects. Users can now filter collections based on floor price, unique Profile Pictures (PFPs), PFPs per NFT, and community reach. This new ranking system promises to streamline the process of discovering and assessing MultiversX NFT collections, making it…

The Xai Foundation, which supports the Xai layer-3 gaming network built with Arbitrum scaling tech on Ethereum, has announced the launch of a new staking pool system designed to reward user involvement in the ecosystem. The Xai staking pools allow XAI token holders in eligible regions to stake their tokens in a pool, thus earning rewards for their participation. The update introduces a new token, esXAI, which serves as an escrowed staking representation of the XAI token. Users can convert their XAI to esXAI and then stake the tokens to participate and earn staking rewards. Staking pools can be created…

Manta Network, a leading modular blockchain for zero-knowledge (ZK) applications, has announced its inclusion in Cyberport, Hong Kong’s premier digital technology flagship and entrepreneurship incubator. Managed by the Hong Kong Cyberport Management Company Limited, a wholly-owned entity of the Hong Kong SAR Government, Cyberport is a highly selective program that serves as a launchpad for innovative tech startups. 🇭🇰 @MantaNetwork joins Hong Kong’s exclusive digital technology flagship and incubator, Cyberport.Manta continues its commitment to expansion in Asia through this program. With resources from HK’s Cyberport, Manta will establish a strong local presence.https://t.co/OWVpj5MLxz — Manta Network (🔱,🔱) #MantaRenewParadigm (@MantaNetwork) April 15,…

PayPal has updated its user protection policy to specifically address transactions involving non-fungible tokens (NFTs).Changes to PayPal’s Purchase Protection ProgramStarting on May 20, 2024, PayPal will no longer cover NFT transactions under its purchase protection program. This means that buyers will not be able to file claims for issues such as non-matching NFTs or fraudulent refund claims. Additionally, sellers will also lose the protection previously offered by PayPal’s Seller Protection Program for transactions over $10,000.PayPal cited several reasons for these policy changes. One of the main concerns is the complexity and uncertainty surrounding NFT transactions. Unlike physical goods, there is…

Illuvium has announced plans to distribute 250,000 ILV tokens worth approximately $25 million in an airdrop program. This initiative aims to reward its community members and further strengthen their engagement within the ecosystem. In this article, we will dive into the details of this airdrop and how it benefits both the Illuvium and its community.How Will the Illuvium Airdrop be Distributed?An airdrop is essentially a marketing strategy used by startups to distribute free tokens or coins to their target audience. It is seen as an effective way to raise awareness and generate interest in a project or platform. In the…

The joint infrastructure by the two teams will be used for NFTs and value transfer between various blockchains while accessing gaming mechanisms and designs. Oasys teams up with LayerZero’s omnichain ecosystem According to the official statement by the two teams, Oasys, the first-ever programmable blockchain tailored for gaming use cases, has entered into a long-term tech partnership with LayerZero Labs, a developer of omni-blockchain crypto and the NFT ecosystem. LayerZero is live on @homeverse_games !HOME Verse is the L2 of @oasys_games, offering an experience tailored to gamers and game developers. The network features high transaction speeds and zero gas fees,…