Author: Crypto News Live
Avail, a closely watched blockchain data-availability project currently running on a test network, is sketching out the eligibility criteria for a token airdrop – a move that would follow in the footsteps of the rival data project Celestia, whose own token has gained a market capitalization of more than $1 billion. A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the tweet to CoinDesk, describing it as a “leak.” A project spokesperson said that the Avail team was not available to…
BTC retested $60K amidst an escalation in Middle East tensions over the weekend. Peter Schiff claims a drop below $60K will be risky for Bitcoin and its holders, including MicroStrategy. Bitcoin [BTC] temporarily dropped to $60K on what market watchers link to escalated Middle East tensions over the weekend. BTC has bounced from this level thrice since March, making it a critical psychological support level. Despite reversing some weekend losses, Peter Schiff cautioned that a break below $60K could expose BTC and MicroStrategy to massive losses. “$60K is critical support for Bitcoin. A decisive break below that level will create…
ETH’s fall has caused holders to rethink their belief in the coin’s potential. The MVRV ratio showed that altcoin was undervalued. Long-term holders of Ethereum [ETH] have signaled that they are also concerned about the cryptocurrency’s potential, AMBCrypto discovered. We found out after examining the Long-Term Holders Net Unrealized Profit/Loss (LTH-NUPL). The metric considers the behavior of investors with a UTXO of at least 155 days. Holders are not calm If the metric displays red, then investors are scared that the cryptocurrency might capitulate. Color blue suggests euphoria or greed. At press time, the LTH-NUPL had moved from green to…
Wilder World has teamed up with Samsung to extend the reach of its Web3 gaming metaverse through Samsung’s Smart TV offerings.What is Wilder World?Wilder World is a free-to-roam metaverse ecosystem centered around a competitive racing game. It offers users the opportunity to explore, compete, and create in a virtual world filled with endless possibilities. The platform underwent alpha testing in December 2023 and is scheduled for a wider rollout later this year.With its incorporation of blockchain technology, Wilder World provides a decentralized experience for its users. This means that players have true ownership of their in-game assets, which are represented…
Solana tumbled and declined toward $110. SOL price is now correcting losses above $140 and facing hurdles near the $160 resistance zone. SOL price gained bearish momentum and declined below $150 against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to recover if it clears the $150 and $160 resistance levels. Solana Price Starts Recovery Solana price started a major decline below…
One of the prerequisites for the mass adoption of blockchain technology is interoperability — the ability to pass data between distinct blockchain and blockchain-like systems. Numerous interoperability projects have established themselves today, and many are growing at an incredible rate. Indeed, it’s only a matter of time before the number of cross-chain messages is measured in trillions. Blockchain interoperability has never been more ubiquitous. In January 2024, more than $23 billion worth of assets were locked in cross-chain bridges on Ethereum alone. Clearly, our industry’s early adopters — affectionately called Web3 enthusiasts — are keen to explore new ecosystems as…
TL;DRThe crypto markets took a nose dive over the weekend, BTC went from $71k to $61k, ETH went from ~$3.5k to ~$2.8k, and SOL went from ~$175 to ~$120.Full StoryWe’re going to start this one by quoting ourselves from early December, because it’s eerily relevant…“You know that lady from YouTube that swims with tiger sharks and pets them almost as if they’re dogs?If you watch enough of her videos, you almost forget that these sharks are wild animals capable of ripping your face off…Over the weekend, the crypto community got a similar reminder of Bitcoin’s wild/face ripping tendencies.“ICYMI: the crypto…
Octavian Studios, known for its veteran team drawn from top industry giants like EA, Ubisoft, and Bandai Namco, is gearing up to redefine gaming with its latest venture, “The Fabled”. This promising title is designed to blend the deep, engaging combat of Dark Souls with the rich storytelling akin to Skyrim, all powered by the cutting-edge web3 technology provided by Immutable. Revolutionizing Gaming with The Fabled “The Fabled” is not just another addition to the gaming universe. It is a culmination of intense gameplay, meticulous world-building, and gripping narratives. Set for a Q4 release this year, the game has been…
Top US crypto exchange Coinbase is looking to file an interlocutory appeal in its lawsuit with the U.S. Securities and Exchange Commission (SEC) regarding the definition of an “investment contract.” In a new thread, Coinbase chief legal officer Paul Grewal says that the crypto exchange is filing an interlocutory appeal because they and the SEC disagree on the definition of “investment contract.” “Today Coinbase filed a brief asking the Court’s permission to seek an interlocutory appeal in our SEC case on this controlling question: whether an “investment contract” requires something contractual – we think it does, the SEC disagrees.” An…
RWA Inc., a prominent platform for tokenization of real-world assets, has recently started an exclusive partnership. As per the announcement, the company is collaborating with Prom (a popular and cutting-edge gaming NFT platform) to provide convenience in the tokenization of real-world assets. The company took to its official account on X to disclose the latest development. Major News 🗞 It’s a great pleasure to announce our integration into the @prom_io, leading EVM ecosystem.Prom user will now be able to #tokenize real world assets with ease@RWA_inc powering the new economy https://t.co/u1hcO4Nrtz pic.twitter.com/heLahHHC7w — RWA Inc. (@RWA_Inc_) April 12, 2024 RWA Inc.…
