Author: Crypto News Live

USDT’s reserves on Tron accounted for more than 52% of its total circulating supply. USDT and Tron have gained notoriety in the past for links to terrorism. Tron [TRX] solidified its position as the most sought-after chain for transacting USDT, the world’s largest stablecoin. Tron and USDT: Match made in heaven? According to on-chain analytics firm IntoTheBlock, USDTs worth a whopping $110 billion were transferred on Tron last week, more than twice of what was settled on Ethereum [ETH]. Source: IntoTheBlock USDT reserves on Tron have expanded sharply in the last year, accounting for more than 52% of its total…

Sales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some experts attribute the renewed interest in NFTs to the rise of real-world assets and NFTs with built-in utility. Wash Volumes, Transactions Decrease According to the latest data from Cryptoslam, the seven-day sales volumes of NFTs as of April 11 were $277 million, a more than 37% increase from the sales recorded in the previous period. During this period, the Uncategorized Ordinals compilation led…

UNI price turned red and declined below the $10.00 support. Uniswap is showing many bearish signs and recoveries could face hurdles near $10.00. UNI started a fresh decline below the $10.00 support zone. The price is trading below $9.50 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $10.25 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair might recover but the upsides might be limited above $10.00. UNI Price Takes Hit After the SEC news, UNI started a major decline. There was an increase…

Signet, a conventional blockchain workflow management software customized for businesses, will alter their interaction with blockchain technology. Developed by Talisman’s team members, the instrument eases businesses’ connection to blockchain functions such as treasury control, payments, staking, and governance. This is done by integrating the proper risk control method, the same as Web2 functions, and it comes with more safety features and decentralization provided by blockchain technology. The Signet platform helps in connecting with the future of enterprise blockchain incorporation. In addition to utilizing multisig, proxy, governance, and staking pallets, Signet was developed on Substrate. It enhances these features with an…

Navigating the complex landscape of Web3 and NFTs can be daunting for startups. This is where incubators and accelerators come in – providing the necessary support, mentorship, and funding to help these startups thrive. In this article, we will explore the role of incubators and accelerators in promoting the mainstream adoption of Web3 through NFTs.Incubators vs. AcceleratorsAt first glance, incubators and accelerators may seem like interchangeable terms. However, there are significant differences between these two programs that cater to startups at different stages of development.Incubators focus on nurturing early-stage startups. They provide support in areas such as product development, team…

Notcoin’s planned token launch on The Open Network (TON) is just over a week away, and the team behind the viral Telegram-based game has shared some key details about how players’ earned in-game coins will be converted to on-chain tokens. Players racked up trillions upon trillions of in-game coins by tapping their phone screens, but that huge tally was sure to make trading crypto tokens a bit of a headache. The Notcoin team had previously said that it planned to knock off some zeros during the conversion process to make things more manageable once minted, and now we know how…

Portofino Technologies, a crypto startup specializing in market making, token services, and Web3 investments, has joined Pyth Network as a new data provider community, according to the info shared with Finbold on April 10. Portofino Technologies brings a unique brand of expertise to the rapidly expanding Pyth Network, offering proprietary data on cryptocurrencies, bolstering the Pyth digital asset price feed coverage, and aligning with its overarching mission of furnishing dependable, real-time access to price data for global blockchain developers. What is Portofino Technologies? Based in Switzerland, Portofino Technologies operates as a market maker with over 25 employees stationed in London…

Suddenly, crypto gaming handhelds are a thing. Last week, the Bitcoin-centric BitBoy One gaming handheld and hardware wallet was revealed—and that was followed on Wednesday by the announcement of the SuiPlay0x1, a Steam Deck-like portable PC gaming device built for crypto games on Sui and beyond. Add last year’s Solana Saga smartphone to the list—and next year’s “Chapter 2” successor—and you’ve got options if you want a portable device that plays games while also playing nice with crypto. But which is the one for you? Some of these devices aren’t out yet, so we certainly can’t give you a firm…

MetalCore Closed Beta 2 is underway, and with it comes a chance to earn Marks, which in turn will let participants claim a portion of MCG token from the upcoming token generation event! It feels like every other news story in web3 gaming these days involves a new token. And this one is no exception! MetalCore launches into phase 2 of their closed beta, offering token rewards for players and those who engage with the community. Officially titled Mech Up, this phase of the beta started on April 9th, 2024, and runs through May 14th, with a one week hiatus…

Bitcoin price found support near $67,500. BTC started a fresh increase and might soon revisit the $72,500 resistance zone in the near term. Bitcoin retested the $67,500 support zone before it started a fresh increase. The price is trading above $70,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $69,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $71,400 resistance zone. Bitcoin Price Holds Support Bitcoin price saw another decline below the $70,000 zone.…