Author: Crypto News Live

Bitcoin is now hovering around the $70,000 threshold after a notable recovery it witnessed a few days ago. Due to the recent momentum, crypto enthusiasts are becoming less pessimistic about the digital asset’s growth prior to the halving event. With the fast approaching much-anticipated Bitcoin Halving, Rekt Capital, a well-recognized cryptocurrency analyst and aficionado, has offered his market insights mapping out three distinct stages of the event for investors. 3 Distinct Aspects Of The Bitcoin Halving Rekt Capital’s analysis delves into Bitcoin‘s movement before and after the halving takes place, which is expected to happen this month. In the seven…

The blockchain gaming sector faced a rough start of the year, as venture capital deals dropped by nearly 60%, totaling $288 million, signaling caution among investors. Developers in the blockchain gaming industry are facing a mix of caution and optimism, as indicated by a decrease in venture capital deals compared to previous quarters. According to data gathered by DappRadar, the sector secured $288 million in funding in Q1, marking a 57% decrease compared to Q4 2023. “The focus of these investments has largely been on web3 games and infrastructure. This surely highlights a period of foundational building aimed at enriching…

Solcraft, a new crypto project that fuses Minecraft and Solana, is intensively preparing these days to launch their utility token, $SOFT.In recent weeks, anticipation has been steadily building as the project team has strategically released teasers through their official X (Twitter) account. $SOFT To Be Launched Now in AprilAfter putting in plenty of effort, Solcraft, a project that brings together the excitement of Minecraft with the advantages of cryptocurrencies, has some big news to share. Their official token, known as $SOFT, is gearing up for its launch on April 16, 2024, and it’s happening on the Raydium platform. This launch marks a…

Ethereum price is consolidating above the $3,450 support zone. ETH must clear $3,560 and $3,620 to start a fresh increase in the near term. Ethereum is trading in a range above the $3,450 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,420 support zone. Ethereum Price Eyes Upside Break Ethereum price attempted another increase above the $3,550 resistance. ETH even…

The jump in hash rate came in response to mining difficulty hitting an ATH. Revenue raked in by miners on the 11th of April was close to $69 million, up 70% YOY. Bitcoin’s [BTC] hashrate bumped to a new all-time high (ATH) on 11th April as miners pressed their machines into full strength to boost revenues ahead of the halving. The 7-day moving average of hash rate, used for measuring the total computational power invested by miners, hit 642 exahashes per second (EH/s) on 11th April, according to Hashrate Index, representing a 5% increase over the week. Source: Hashrate Index…

As layer 1 chains become more meticulous, it’s clear that layer 1 protocols form the bedrock of blockchain technology. These blockchains are essential worldwide, ensuring fundamental security and agreement. The upcoming upgrades in Layer 1 also pave the way for developments in Layer 2 and Layer 3 protocols. Birdeye recently included Sui in their chain offerings alongside SOL and key EVM chains, showcasing their expansion into cutting-edge technologies with Sui transaction speeds and scalability. This move allows Birdeye to tap into newer horizons and expand its user base within an evolving network. Sui operates as a Layer 1 (L1) blockchain…

Immutable, a leader in blockchain integration in the gaming industry, recently announced Immutable Nexus. This ecosystem aims to support AAA game studios by combining the public Immutable zkEVM blockchain with Dedicated zkEVM chains. Immutable Nexus is designed to be a cohesive ecosystem that combines the public Immutable zkEVM blockchain and Dedicated zkEVM chains. This integration seeks to provide shared liquidity, accessibility, and security, creating an enhanced experience for both game developers and players. By mirroring the technology stack of Immutable zkEVM, Nexus will allow for game-specific customization, such as specific block space and configurable native ERC-20s.Bridging the Gap Between Games and…

Bitcoin, the world’s largest cryptocurrency, has caught the attention of the ultra-wealthy elite, as individuals with assets worth millions and billions of dollars are setting their sights on entering the digital asset market, eager to become part of Bitcoin’s innovative and revolutionary ecosystem.  Wealth Titans Are Shifting Focus To Bitcoin Investments In a recent interview with CNBC Last Call, Barbara Goldstein, the Managing Partner at R360, an invite-only networking and investment club for the uber-rich, discussed a new shift among wealth titans towards Bitcoin investments.  Shedding light on the growing appeal for digital currencies among the elite echelons of the…

MoonPay is delighted to announce a new strategic cooperation agreement with Base, a layer two solution, and a project incubated by Coinbase. Its mission is to improve the digital payments ecosystem on Base. Users and developers should enjoy a seamless, safe, and dependable purchasing experience as a result of this coordination, which is expected to transform the way traditional markets—like OpenSea, the top peer-to-peer NFT marketplace in the world—handle transactions. A plethora of benefits targeted at lessening the stress of obtaining digital artifacts are brought about by the integration of MoonPay Checkout into the Base ecosystem, which significantly improved user…

TL;DRFull StoryGen Z is more likely to own crypto than stocks. (Surprised? Neither).A new survey came out dissecting the crypto landscape by generation.And no generation is left behind!1 in 5 Americans under 42 invest in crypto.Gen Z may lead the pack at 21% of them owning crypto, but Gen Y’s are right behind them.And Boomers are investing in crypto too! (Well, at least 5% of them are).Gen Z’s fascination is with crypto makes sense:Not only are they the most chronically online generation out there, but with Web3’s perks of having:It’s way easier to onboard into the space in comparison to, say,…