Author: Crypto News Live

The founder of the decentralized finance (DeFi) protocol Curve (CRV) reportedly stared at the prospect of getting liquidated as the altcoin market collapsed during the weekend. According to crypto reporter Colin Wu, Curve founder Michael Egorov faced liquidation in his lending positions after Curve’s native asset dipped to $0.42. “Curve founder Michael Egorov also faced liquidation of his lending positions as CRV fell to $0.42. Michael mortgaged a total of 371 million CRV (approximately $156 million) through five addresses on six lending platforms to borrow $92.54 million in stablecoins. The health rate has dropped to around 1.1.”  In leveraged trading,…

In the realm of blockchain, Mina Protocol stands out since its blockchain is fixed in size, and it is based on the idea of a proving system employing recursive zk-SNARKs. With this method, L1 security is guaranteed, and the synchronization process is rapid as if there were a full node. However, the amount of data to handle will be less. It is not only a layer for smart contracts but also increasingly becomes a hub for zkApps, which are, in fact, many different apps that use unique zero-knowledge features such as modular proofs, extended off-chain computation, and no transaction costs.…

Bitcoin (BTC) took a nasty spill over the weekend. Plunging to a gut-wrenching $60,850 before staging a partial recovery to hover around $64,500, this sudden price drop has left the crypto community scrambling for answers. Veteran trader Peter Brandt, known for his eagle eye on market patterns, has stepped into the ring to offer his insights, sparking debate about what this means for Bitcoin’s future. Bitcoin At A Crossroads: The ‘End Run’ Theory Brandt, a seasoned campaigner in the often-unpredictable world of crypto trading, sees the recent price action as a potential turning point. He uses the intriguing term “end…

Hong Kong has approved the first batch of spot BTC, ETH ETFs.  Some ETFs will have in-kind creation and redemption features.  Hong Kong has followed the US steps by approving crypto ETFs tied to Bitcoin [BTC] and Ethereum [ETH]. At least three asset managers—Bosera, ChinaAMC (HK), and Harvest Fund—have received initial approvals.  Interestingly, Gary Tiu, executive director at Hong Kong-based OSL Securities, noted that the approval could offer Asia an edge over the US. In a recent interview, the exec claimed, “Right now, the U.S. has not approved any spot products. So, the Hong Kong managers are certainly standing in…

Bitcoin adoption is soaring across sectors, emerging as a standard in the sports industry. Demonstrating this trend, a UFC winner has requested his bonus to be paid in Bitcoin, underscoring the cryptocurrency’s increasing prominence within the sports sector.  Bitcoin Becomes Price Of Choice For UFC Winner Brazilian professional Mixed Martial Artist (MMA) and UFC 300 winner, Renato Moicano took to X (formerly Twitter) on April 14, to demand that his $300,000 bonus should be paid in Bitcoin. The declaration came as a pleasant surprise to crypto enthusiasts under the comment, as many supported his new stance on the world’s most…

Ethereum price dived over 10% before the bulls appeared near $2,550. ETH is back above $3,000 and now faces many hurdles near $3,200. Ethereum is attempting a recovery wave from the $2,550 support zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,000 support zone. Ethereum Price Eyes Recovery Wave Ethereum price started a major decline from the $3,550 resistance. ETH declined over 10% and…

In a recent post on the X social media network, Galaxy Digital CEO Mike Novogratz called attention to a recent post by Reddit co-founder Alexis Ohanian, in which the former describes the potential convergence of artificial intelligence (AI) and blockchain. According to Ohanian, one technology is creating “an indisputable need” for the other. He explains that the internet is currently inundated with images that are generated with the help of AI. In fact, a 2023 study shows that 150 years worth of images were created in the span of just a single year with the help of such text-to-image generators…

TL;DRFull StoryEver wondered why no one can agree on the exact time the BTC halving is going to happen?As of this writing, we’re still yet to see the exact same countdown on any two sources (see header pic 👆).So what’s going on? Turns out, there are three elements to this: the block at which the next halving occurs, the current block height, and the average block time. Since the block at which the next halving occurs is a constant, that can’t be it…While the block height may vary, it’s always known so the calculations should be consistent; so that ain’t…

Nova Frontier X is a highly anticipated mobile game that combines NFTs, space combat, and base management. On April 16th, players will have the opportunity to purchase limited edition NFTs and explore a whole new world of gaming.What is Nova Frontier X?Nova Frontier X is a mobile game that takes players on an intergalactic journey through a universe filled with humans, rogue AI, and mysterious aliens. The game revolves around the quest for Dark Nova Crystals, which provide immense power and resources to those who possess them. Players must strategically manage their base and engage in intense third-person space combat…

A closely followed analyst is forecasting when altcoins can recover from their current downturn and enter into another “hype cycle.” The pseudonymous analyst known as Rekt Capital tells his 450,400 followers on the social media platform X that altcoin market cycles tend to happen in quarterly waves, with the last cycle recently peaking this month. According to Rekt, altcoins may bottom out in late May or early June before entering a new “hype cycle” in July. “Altcoins are following the plan… Altcoins bottomed in early February.  Altcoins sold off around the BTC Halving.  Altcoin to bottom early summer.” Source: Rekt…