Author: Crypto News Live

Are you on the lookout for high-quality stocks that promise not only a stable store of value but also significant economic growth? The best stocks to buy now are not confined to a single sector; instead, they cover a diversified range of industries, each distinguished by unique factors that make them particularly appealing to those looking to enhance their portfolios. The selections in this article are based on a mixture of current market conditions and stock prices, future growth potential, and industry-specific trends. Each company has its reasons for being considered a top pick, from technological innovations and market dominance…

L2 scaling recently saw an all-time high. Ethereum’s overall fee was over 13.4 million. The Ethereum [ETH] Layer 2 (L2) ecosystem has been expanding, with a recent surge in the number of transactions per second (TPS). Notably, within the L2 space, Base has emerged with particularly impressive performance metrics. Ethereum L2 registers more scale  Based on information from L2 Beat, Ethereum scaling experienced a notable increase at the beginning of April, reaching a new peak on the 2nd of April. AMBCrypto’s look at the Layer 2 data indicated a surge in the transaction count, surpassing 156 transactions and marking a…

Bitcoin and its proof-of-work algorithm have long been criticized for its excessive energy consumption by environmental groups. A new Bitcoin layer-2 staking network called Social Network aims to change this using an Ethereum Virtual Machine (EVM) and an NFT-based mobile scavenger hunt tied to its mainnet launch. While some Bitcoin fans may jump at the chance to own another digital collectible, Social Network—a network for earning staking rewards, not a “social network” in the Facebook/Twitter-like sense of the term—says its aims are more socially beneficial. “Social Network is one of the projects we’re contributing to the most right now, which…

Animoca Brands Japan, a subsidiary of the global blockchain leader Animoca Brands, has announced a new move to assist international Web3 projects in entering and expanding into the Japanese market.  This includes the launch of “De: Centralized Cat (D:CC)” NFTs on Nine Chronicles M, a popular blockchain game available on Coincheck NFT starting from April 3, 2024.Overcoming Market Entry ChallengesEntering Japan’s Web3 space can be daunting for foreign companies, with challenges such as the legal landscape, business customs, and language barriers. However, the country’s thriving entertainment culture presents untapped opportunities for overseas entities.Animoca Brands Japan has said it aims to leverage…

Cathie Wood emphasized the approval of 11 ETFs, boosting Bitcoin’s mainstream acceptance. Wood foresaw Bitcoin’s rising demand amid concerns of interest rates and global stability. Amidst a slight downturn where Bitcoin [BTC] experienced a 0.84% dip in the last 24 hours, reaching $65,494.96, the optimism among various Bitcoin maximalists regarding its future trajectory remained unaltered.  Adding to the fray, Cathie Wood, founder & CEO of Ark Invest, in a recent conversation with Anthony Pompliano at the Bitcoin Investor Day in New York, shed light on how Bitcoin could reach $1.5 Million.  Acknowledging the remarkable energy surrounding the simultaneous approval of…

TL;DRThe US Gov. plans to sell $1.9B worth of seized BTC, but the market doesn’t seem to care (meanwhile, Jerome Powell’s ‘nothing burger’ speech helped push prices up).Full StoryThe Federal Government just slapped the crypto market across the face.…right before giving it a hug.The slap: when the feds took down Silk Road, they seized a whooole bunch of Bitcoin along with it…and on Tuesday, they transferred ~30,000 BTC (~$1.9B) to sell on Coinbase.(And that level of potential sell pressure usually spooks the market into a sell off, in anticipation of the sale).The hug: Yesterday, Jerome Powell (Chair of the Federal…

SINGAPORE, March 15, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 15, 2024. OKX today announced that its OKX Wallet is now integrated with Portal, a bridge that offers transfers across chains for tokens and NFTs wrapped by Wormhole, enabling the users to complete cross-chain transfer for crypto assets, via OKX Wallet. Portal Bridge is a bridge leveraging Wormhole’s interoperable platform that offers brilliant features and advanced technology, including: Cross Chain Exchange:  Using Wormhole Connect, developers can build an exchange that allows deposits from any Wormhole connected chain, massively increasing the liquidity their users…

Over the last year, Bitcoin Ordinals have taken the digital collectible world by storm, and they’ve now garnered the attention of financial titan Franklin Templeton. The digital assets division of the global investment firm today featured the rise of Ordinal inscriptions in a new prospectus. “In the past year, Bitcoin innovation and development has seen a renaissance in activity,” Franklin Templeton Digital Assets wrote. “Positive momentum in innovations is primarily driven through Bitcoin NFTs, known as Ordinals, new fungible token starts such as BRC-20 and Runes, Bitcoin Layer 2s, and other Bitcoin DeFi primitives.” The firm recapped the acceleration in…

Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology. Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks are expected to soar to the aforementioned market valuation by 2030. Leading the comprehensive prediction were Patrick Bush, the senior investment analyst at VanEck, and Matthew Sigel, the head of digital research. Specifically, the bold forecast was carried out while evaluating Ethereum Layer 2s in five…

Powell admits difficulty in stabilizing inflation at 2%, citing its volatile nature. Kiyosaki recommends gold, silver, and Bitcoin as hedges against inflation and fiat devaluation. In a recent discussion, Federal Reserve Chairman Jerome Powell addressed the current state of inflation in the United States. Despite a slight uptick of 2.5% in February, Powell highlighted the challenges in stabilizing inflation at the desired 2% level, citing its volatile nature.  Expressing apprehension in response to Powell’s recent remarks regarding inflation, Robert Kiyosaki, author of “Rich Dad Poor Dad,” added,  “Fed Chairman Powell finally told the truth. Last week he finally admitted inflation…