Author: Crypto News Live

Bitcoin Cash’s mining reward per block has been reduced to 3.125. Spot ETF approvals might reduce the impact of BTC halving. In the buildup to the Bitcoin [BTC] halving, which is set to occur in a couple of weeks, Bitcoin Cash [BCH] recently completed its halving process. Leading up to the BCH halving, there were notable fluctuations in its price. Could these movements indicate what to expect with the BTC halving? Bitcoin Cash sees a reduction in mining fee Based on data from Nice Hash, Bitcoin Cash recently halved on the 4th of April at a block height of 840,000.…

Payments platform Ripple is announcing its plans to create a new US dollar-pegged stablecoin on Ethereum (ETH) and the XRP Ledger. In a new press release, Ripple Labs says that its stablecoin, which has yet to be named, will be pegged 1:1 to the US dollar and will be 100% backed up by cash, short-term US government treasuries, and other cash equivalents. According to Ripple, there is excessive customer demand in emerging markets for stablecoins payouts. Though the stablecoin will initially launch over the XRP Ledger and the leading smart contract platform Ethereum, Ripple says it will eventually make its…

GalaChain, known for its diverse blockchain ecosystem, has entered into a strategic partnership with Staynex, a membership-based travel agency. This collaboration comes on the heels of GalaChain’s successful GALAthon hackathon event during GDC 2024, which showcased the platform’s potential and versatility.Web3’s Expanding Influence on TravelGalaChain’s commitment to broadening its reach to developers was reinforced earlier this year when it opened its chain to external development with a Typescript-enabled software development kit (SDK). Consequently, the platform has seen a surge in engagement with various companies and innovative projects. Now, through its partnership with Staynex, GalaChain is venturing into the travel sector,…

In an analysis shared with his nearly 100,000 followers on X (formerly Twitter), the crypto analyst known by the pseudonym Xremlin (@0x_gremlin) has pinpointed Base as the burgeoning hub for memecoin enthusiasts and investors. This proclamation follows a season of unprecedented gains in the Solana memecoin market, with tokens like BOME, WIF, and SLERF achieving returns ranging from 300x to 1000x. Xremlin’s insight into the crypto market dynamics suggests a potential replication of these astronomical returns on Base, underlined by a tweet stating, “Meme traders on Solana printed millions this season: BOME: 800x, WIF: 1000x, SLERF: 300x. BASE season is…

Decentralized taxi app DRIFE has integrated Layer 1 Sui blockchain, to offer seamless and simplified onboarding process for ride-hailing users. The blockchain-based mobility platform operates in India and the UAE providing fair and transparent ride-hailing experience. DRIFE’s key benefit is its ability to eliminate intermediaries, ensuring direct transactions between riders and drivers. By migrating to Sui blockchain, DRIFE will utilize its features including ZKlogin, which enables frictionless user interaction. Per a company release, Sui offers a fair solution for drivers that suffer due to centralization and high commission rates. DRIFE has chosen Sui due to the blockchain’s scalability, security and…

While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading week. Are There Similarities With The Bitcoin Bull Run Of 2020? Though the downward momentum is slowing down, and there has been no confirmation of the April 2 dump, the failure of bulls to convincingly flow back and drive the coin above $71,000 remains a concern for some traders.  Bitcoin price trending sideways on the daily chart | Source:…

Bitcoin price is struggling to recover above the $67,000 zone. BTC could gain bearish momentum if there is a close below the $64,500 level. Bitcoin is facing many hurdles near the $66,500 and $67,000 levels. The price is trading below $67,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now at risk of a downside break below the $64,500 support zone. Bitcoin Price Upsides Remain Capped Bitcoin price started a consolidation phase after there…

On-chain data shows a Solana whale has just moved a massive SOL stack to Binance, which could prove to be bearish for the asset’s price. Solana Whale Has Deposited 1 Million SOL To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, several large SOL transactions have occurred on the blockchain during the past day. More specifically, six massive transfers have been spotted on the network. Out of these, two transactions were gigantic, with tokens worth $362 million and $498 million involved. These extraordinary transfers, though, were both between unknown wallets. Addresses like these are those…

In more recent events in the Ethereum ecosystem, Starknet Goerli has shut down its major testnet after a validator mass exodus. The Starknet development team has communicated the decision through its official X platform on social media. They claimed that the closure is a major transition for developers and other users who have relied on its infrastructure. Starknet Goerli Operations Shift to Sepolia Testne All activities and operations related to the testnet that have previously been conducted on Starknet Goerli have been migrated to Sepolia. This shows how the blockchain is a flexible system that requires stakeholders to adjust according…

Crypto exchange Binance has announced that its NFT marketplace will no longer support Bitcoin Ordinals. In a blog post, Binance noted that the decision to axe support for the NFT-like inscriptions was taken “as part of its ongoing efforts to streamline product offerings” on its NFT marketplace. From April 18th, users will no longer be able to trade Bitcoin Ordinals on the Binance NFT Marketplace. The exchange also advised users to withdraw their Bitcoin Ordinals from the marketplace before May 18th. The exchange also noted that “airdrops, benefits, or utilities” linked to Bitcoin Ordinals will no longer be supported from…