Author: Crypto News Live
The bridge uses Chainlink’s CCIP tech, which is used by SWIFT, to move a large value of tokens and critical messages safely across blockchains. Bridges serve a key role in connecting individual blockchains, but often are targets of exploits. At the start, Transporter is available for Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX. Data provider Chainlink (LINK) unveiled Thursday its blockchain bridge application called “Transporter,” which allows users to move crypto assets and data across multiple networks. Chainlink’s bridge is available for both individual users and institutions and aims to allow “a cost-efficient way to make high-value…
Ethereum’s price fell while network growth and velocity plummeted On a macro level, Ethereum’s network continues to see growth Ethereum [ETH] recorded a massive decline in price over the last 24 hours, along with the rest of the cryptocurrency market. At press time, ETH was trading at $3,267.60, with its value down by 7.22% on the charts. Ethereum takes a hit Over this period, the network growth for Ethereum declined significantly. This indicated that new users were losing interest in ETH and the number of new addresses willing to buy ETH at this rate was very low. Moreover, the velocity…
As the countdown to the much-anticipated 2024 bitcoin halving event nears its climax, the cryptocurrency world finds itself amidst a whirlwind of excitement and speculation. Social media platforms have become abuzz with discussions surrounding the impending halving, according to data from Santiment. This increase in social media chatter indicates a potential for significant price movements in the volatile crypto market, sparking both FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt) among investors. Social Media Surge Fuels Speculation On Bitcoin’s Fate The surge in social media chatter around the halving event has not gone unnoticed by analysts, who suggest…
The Rusty Robot Country Club just launched the latest upgrade to the RRCC website and dApp suite that includes support for Wallet Connect. Introducing an integration that can facilitate multi-chain and omni-chain expansion in the near future. Wallet Connect allows multiple-wallets to connect to the RRCC website and interact with the numerous dApp tools such as Multimeter wallet portfolio, Breaker bulk burn, Transmitter bulk transfer, Rusty Raffle, and everything in between. The introduction of Wallet Connect is the first in a string of new upgrades and releases that will move the RRCC ecosystem to Multi-Chain and Omni-Chain capabilities, echoing in…
TL;DRFull StorySo, turns out retail investors aren’t that interested in Bitcoin this bull run?Which doesn’t sounds great – but there’s an angle here: For the last few bull runs, crypto has onboarded quite a large amount of folks hoping to make ‘easy money.’But we are now at the point where BTC’s potential returns aren’t as alluring as other established projects (making newcomers harder to attract). “Great, so where’s the angle?” – youThere’s this idea that: because new investors are moving away from Bitcoin and further out on the risk curve (aka: making riskier investments in smaller projects with greater upside) — that…
Historical trends suggest that Bitcoin’s price might rise in the coming months Metrics and technical indicators turned red after major price correction The last 12 hours saw Bitcoin [BTC] record major price corrections on the price charts. Even so, it’s not too far off its recent all-time high. However, BTC’s price wasn’t the only metric to hit an ATH recently. In fact, its demand also increased sharply. The newfound interest in Bitcoin among investors could play a pivotal role in propelling further growth. Let’s have a closer look at what’s going on. New investors are demanding Bitcoin Bitcoin is expecting…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As Bitcoin surges to unprecedented heights, casting a bullish shadow over the cryptocurrency market, a significant yet often overlooked sector poised to reap the benefits of this resurgence is GameFi. In the wake of the Bitcoin halving, the GameFi landscape stands at the precipice of a renaissance, with the potential to transcend the ghosts of its tumultuous past in 2021. The confluence of renewed investor confidence, technological advancements, and shifting market dynamics sets the stage for a…
A widely followed crypto analyst says one Bitcoin (BTC) ordinals token that has skyrocketed in the last few weeks still possesses more upside potential. Pseudonymous crypto strategist Bluntz tells his 254,300 followers on the social media platform X that he has entered a long position on PUPS (Ordinals) amid an ascending channel breakout on the token’s four-hour chart. In technical analysis, a breakout occurring on the upper border of an ascending channel is considered a bullish move. Source: Bluntz/X PUPS is trading at $78 at time of writing, up a staggering 4,656% from its March 17th low of $1.64. Bluntz…
The crypto market took an unexpected hit on April 12 as a spontaneous decline in the price of Bitcoin and prominent altcoins resulted in massive liquidations. The origin of this widespread price dip remains largely unknown, among a plethora of plausible reasons, including a recent price correction in the US stock markets. Almost $500 Million Liquidated In An Hour Amidst Crypto Flash Crash According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last day, falling as low as $66,052. As expected, BTC’s decline reverberated through the market, with prominent altcoins Ethereum and Solana recording daily losses to the…
cheqd, a pioneering startup focusing on empowering users and organizations with control and portability of their data, has announced major partnerships with Andromeda and Devolved AI. These partnerships aim to bolster the growth of Trusted Data economies, emphasizing user-centric approaches in areas like re-usable KYC in Web3 and preference data markets. Andromeda, a company dedicated to building an on-chain suite of products through its decentralized operating system aOS, aims to simplify Web3 interactions. The partnership with cheqd is a vital step for Andromeda in equipping developers with secure, user-controlled data solutions. On the other hand, Devolved AI is leading an…
