Author: Crypto News Live

Ethereum price is struggling to recover above the $3,360 resistance zone. ETH is now showing signs of more losses below the $3,300 and $3,250 levels. Ethereum is facing many hurdles near the $3,350 and $3,360 levels. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,200 support zone. Ethereum Price Signals Downside Ethereum price traded below the $3,300 level before the bulls appeared.…

DeepBook, a provider of liquidity solutions on the Sui network, is launching its new native token, DEEP. Designed for institutional and professional traders, DEEP aims to solidify DeepBook as a player in the Web3 financial landscape. With its official release set for later this year, early adopters can get their hands on a unique soulbound NFT, paving the way for an innovative token claim process.DEEP Token and Soulbound NFTsThe DEEP token system operates through four primary mechanisms: volume-based fees, maker incentives, stake-dependent participation, and stake-based governance. The details of these mechanisms are provided in the DeepBook token whitepaper, giving transparency to all participants. The token…

Assets Under Management Growth: Valour has experienced a significant rise in its AUM, reaching a record of C$838 million. This represents an increase of 19.8% since February 28th and builds upon a 57.8% growth from January 2, 2024. Surging Demand for Regulated Digital Asset Products: The surge in AUM highlights robust demand for Valour’s comprehensive suite of regulated exchange-traded digital asset products. This indicates the effectiveness of the company’s strategy in aligning offerings with investor interests. Recently launched ETPs include Valour Internet Computer (ICP), Valour Ripple (XRP), and Valour Binance (BNB) ETPs. TORONTO, March 14, 2024 /PRNewswire/ – DeFi Technologies…

Gold and silver enjoyed upsides as BTC losses extended 10% from March.  Peter Schiff claimed BTC’s Q2 performance will be “worse” than gold and silver.  Macro headwinds at the start of Q2 2024 haven’t favored Bitcoin [BTC] bulls. The largest crypto asset by market capitalization was down 10% since its mid-March record high of $73.7K.  On the quarterly front, the drop translated to a 7% drop in Q2. But BTC barely held on the $66K level at press time. Long-time Bitcoin opponent and financial commentator, Peter Schiff, slammed the crypto asset’s constrained performance and praised Gold and Silver.  “So far…

Powerloom, a pioneering composable data network facilitating protocols to index and query blockchain data in a decentralized fashion, has announced its expansion to the Base ecosystem. This strategic move coincides with the company’s celebration of surpassing 5,200 Snapshotter Lite nodes, underscoring its dedication to delivering actionable onchain data across both Layer-1 (L1) and Layer-2 (L2) networks. Powerloom’s integration with Base, an Ethereum Layer-2 scaling solution incubated by Coinbase, signifies a groundbreaking opportunity for Base users. It introduces the capability to mint a data node, presenting a unique avenue for users to contribute to and gain from onchain data. Powerloom’s one-click…

Parallel, a science fiction trading card game with support for non-fungible tokens (NFTs), is coming to Epic Games Store following its latest $35 million funding. The developers of Parallel announced on the project’s X account on Apr. 3 that the NFT card game will be added to the lineup of video games available on the Epic Games Store (EGS) marketplace. Although a specific timeline wasn’t provided, the developers mentioned that the integration would enable players to download the game directly from the EGS platform, adding that players can already wishlist the game. Parallel is Coming to Epic Games Store!Soon you’ll…

Short-term Bitcoin holders began to sell their holdings. Interest in Bitcoin ETFs remained high despite price fluctuations. Bitcoin’s [BTC] fall from $70,000 has inspired mixed reactions from the cryptocurrency market. Many addresses, who were not expecting this kind of volatility, were observed to be panicking. Short-term holders panic Based on recent data, over the past forty-eight hours, Short Term Holders (STH) sent $5.2 billion worth, equivalent to 76,000 Bitcoin, to exchanges at a loss. This action increased selling pressure on BTC. The influx of Bitcoin into exchanges may temporarily saturate the market with supply, leading to downward pressure on prices.…

A venture capital firm co-founded by an executive of Coinbase is reportedly looking to raise between $750 million and $850 million for a new fund. According to a new report by Bloomberg, anonymous sources familiar with the matter say that crypto venture capital firm Paradigm – founded by Coinbase Global co-founder Fred Ehrsam and ex-Sequoia Capital partner Matt Huang – is currently in talks to raise the sum, which would make it one of the industry’s largest VC firms since 2022’s crash. Previously, in 2021, Paradigm raised $2.5 billion, at the time making it the largest-ever crypto investment firm. Last…

Crypto Live NewsAuthor: Nidhi KolhapurNidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Mar 15, 2024 20:16 In the dynamic and volatile crypto world, there has to be sudden unpredictable dips. The current market crash which took nearly all the crypto assets down had 3 reasons: Liquidation issues, market correction, and Panic Selling.There were substantial liquidation issues for cryptos like Bitcoin, Ethereum, and Solana. Over $666 million worth of crypto has been liquidated in the market.  Ethereum which surged over 4k…

Gala declares that Common ground World Nodes are transforming into the initial tokenized node licenses within the GalaChain ecosystem. The requirement was maintaining maximized node networks for boosting inventive projects, products, and platforms within Web3. These networks help strengthen users’ ability to do their bit for computing power to the decentralized network via GalaChain’s established DePIN (Decentralized Physical Infrastructure Network). This provides the option for transforming community computers into workers about the blockchain and rewarding operators for their efforts. At a time when GalaChain was being developed, the focus remained on the tokenization of node licenses. A major advantage of…