China News Daily TheBitTimes.com

Nigeria’s SEC declares Binance’s operations illegal in the country, along with other unregistered crypto platforms. The SEC issues a notice ordering all crypto platform providers to cease soliciting Nigerian citizens. Nigeria’s CBDC Digital Naira faces adoption challenges amid the central bank’s efforts to promote its usage. In a significant regulatory development, the Securities and Exchange Commission (SEC) of Nigeria has officially deemed the operations of Binance, the world’s largest cryptocurrency exchange, as “illegal” within the country. The SEC issued a notice on July 28 ordering all crypto platform providers to cease soliciting Nigerian citizens, putting forth a clear stance on the use of cryptocurrencies in the country. The notice specifically mentioned Binance’s website and reiterated that the company, including any platform through which Binance solicits investors, is neither registered nor regulated by the Commission. The Nigerian SEC warned that d

Memecoin traders have been buying up obscure tokens such as Bald and Based, which have each seen staggering price gains despite questionable utility. Memecoin madness has arrived on Coinbase’s Ethereum layer-2 scaling solution Base, bringing with it everything from remarkable shitcoin surges to classic token rug pulls . On July 30, memecoin traders were snapping up a suite of questionable tokens on Base, with one Brian Armstrong-themed memecoin dubbed “BALD” experiencing a 289,000% gain within the first 14 hours of trading. BALD price chart since inception. Source: DexScreener This is despite the Bald token not having any official website, or any discernable purpose, creator, or utility. According to data from blockchain analytics service Lookonchain, a small number of investors managed to score a 100,000% return on a relatively small initial investment. Four separate wallet addresses swapped 0.5 Ether (ETH) — worth roughly $950 at the time — into BALD within the first four minutes

Polygon (MATIC) has been on an upward trajectory after a judge recently ruled in favor of XRP. Meanwhile, one project currently in its presale phase has also made headlines – Tradecurve (TCRV). With over $3.2M raised and 16,000 users onboarded this unique project may see a bright future. Today, we will explore the ChatGPT price predictions for these tokens, focusing on when they might reach $1. Register For The Tradecurve Presale Polygon (MATIC): A Promising Blockchain Project Polygon (MATIC) is a layer-two scaling solution built on the Ethereum blockchain. It aims to enhance the scalability and usability of decentralized applications by providing faster transactions. With its growing ecosystem of projects and partnerships, Polygon has gained significant attention within the crypto community. ChatGPT states that the PR oject’s continuous development, partnerships, and community support contribute to the positive outlook for Polygon crypto. Furthermore, it pointed to the fa

WLD price shows bullish signs amid consolidation at $2.06. Positive divergence suggests WLD may reverse the downtrend. The Aroon indicator points to a potential shift from bearish to bullish. After encountering resistance at the 24-hour high of $2.26, the Worldcoin (WLD) price retraced as bears seized market control. However, the WLD market settled into a consolidation pattern at $2.06. This support level indicates that there is still significant buying interest in the market, which could lead to a bullish reversal soon. WLD was trading at $2.22 as of press time, up 0.59% from its consolidation level. This rise indicates buyers are gaining traction and may push the price above the previous resistance level of $2.26. WLD could see a breakout and upward movement if this bullish trend continues. WLD’s market capitalization fell by 0.70% to $245,872,885, while its 24-hour trading volume fell by 13.12% to $166,094,117 during the. Despite these mild dips, the o

Several meme coins, including Shiba Inu (SHIB) and Pepe (PEPE), are popular in crypto. However, at the moment, a meme token project called Pomerdoge is gaining attention for its anticipated high growth potential . Click here to find out more about the Pomerdoge (POMD) presale Pomerdoge offers more growth potential Pomerdoge is a recently introduced meme coin with decent fundamentals and potential for growth that competes with Dogecoin and Shiba Inu.  In addition to being a meme token, Pomerdoge integrates play-to-earn (P2E) and non-fungible tokens (NFTs). This gives it an advantage over other meme coins and puts it on the path to adoption.  Token holders will receive a share of the game’s revenue proportional to their holdings. Pomerdoge will launch a P2E game where players can battle for rewards.  Their native token, POMD, will be used for in-game purchases, incentives, and for purchases in the marketplace.  The platform will also have a marketplace for minting and trading

NFT experts and enthusiasts expressed their views on the NFT market and recent trends. “With the visual art side of things, blockchain truly revolutionizes the business, which has been archaic for years,” said Shash Gupta, the CEO of Altcoin Buzz. The NFT market has been in a slump with the floor price of major collections dropping over 60%. In Twitter Space’s recently conducted by Huobi with Altcoin Buzz, NFT experts and enthusiasts expressed their views on how art could transform the NFT space and vice versa. “Blockchain truly revolutionizes the Art business,” said Shash Gupta, the CEO of Altcoin Buzz. Gupta believes that Web2 transformed art-based industries in ways that were previously unimaginable. Musicians, he argues, got everything from Napter to Spotify, found new avenues to collaborate with other musicians, and fans got to buy tickets online. Writers and authors gained access to self-publishing and global distribution. And, theatre artists got YouTu

A recent press release reveals that Venom has registered over one million wallets barely three months after testnet launch. Over 1 million wallets registered on Venom Following the launch of the Venom testnet on April 26, there has been a noticeable surge in growth. Specifically, registered wallets connected to the mainnet exceeded the 1 million mark in July. This near-exponential growth, the project says, can be attributed to their base technology, strict regulatory compliance, and secure and user-friendly environment. Combined, these Features have been attracting diverse users, including experts and newbies.  In June, Venom’s growth was evident in multiple planes. For instance, the blockchain processed over 277 million transactions, a 46% increase from May. At the same time, the number of accounts deploying smart contracts rose by 65% to 28 million. You might also like: Venom Foundation launches hackathon with a $225,000 prize pool Moreover, the team observed that

Currently, the DOGE price is trading well above its support zone between $0.070 and $0.076. citing data from IntoTheBlock, crypto analyst Ali Martinez explained that 452,000 wallets acquired 51.4 billion $ DOGE in this support zone. However, DOGE is facing stiff resistance at $0.083 and $0.088.  advertisement Thus, investors looking to capitalize on the current Dogecoin momentum should watch these levels before making any fresh entry. Courtesy: IntoTheBlock Recent data from Santiment revealed that Dogecoin’s price has surged by more than 25% in the last two weeks, resulting in significant profits for many average Dogecoin investors. The Analysis platform also indicated that DOGE traders who have been active in the past year have achieved an ROI of over 2.4%. It further speculated that these investors could potentially see even higher gains when DOGE enters a risky FOMO zone, which it has not reached yet. Courtesy: Santiment Other on-chain metrics

Also Read: XRP , DOGE Among Top Altcoins In Market Depth Spike After Ripple Ruling advertisement Earlier, CoinGape reported that in June 2023, scamsters targeted Deaton’s Twitter account on his birthday. At the time, the hackers fraudulently promoted a cryptocurrency by the name $LAW token, which had a negligible market cap. XRP Lawyer Jeremy Hogan Twitter Account Hacked In a similar event, the attackers are now promoting a rewards program by name RippleX, asking users to claim tokens. The token give away is being pushed in the name of celebrating XRP ’s triumph in the SEC lawsuit. After recognizing that the account was hacked, attorney Deaton warned the XRP holders to not fall for the XRP X rewards give away. “Jeremy has been hacked. Do not fall for this,” he warned. On the other side, the XRP community is weighing in on the options left with the US SEC in the lawsuit. MetaLawMan posted on Twitter that he expects the SEC to file a request for interlo

Elon Musk on Twitter Name Change to X Despite Brand Value CTO Elon Musk on July 25 responded to a post on companies changing their names. Musk explained that Twitter was acquired by X Corp earlier to ensure freedom of speech and as an accelerant for X, the everything app. He argues this is not a simple name change by a company but introducing many changes. advertisement “The Twitter name made sense when it was just 140 character messages going back and forth – like birds tweeting – but now you can post almost anything, including several hours of video.” In addition, he revealed his future plans for X. The company aims to add comprehensive communications and finance and payments-related services to the app. He argues that the name “Twitter” doesn’t match his plans, “so we must bid adieu to the bird.” He also replied to another post by a user saying that even if the company changes the name to a donkey, he would still scroll for hours. Elon Musk said we tried re

In a recent tweet, Shiba Inu’s (SHIB) burn tracker, Shibburn, explained why burns were not helping push the asset’s price. As per the tweet, burns are unlikely to significantly impact the price. Moreover, the platform said that burns need to be coupled with “continuous and substantial token purchases to match the current purchase rate.” "It's burning, but price not moving!" We wanted to address some misconceptions about burns and price. This applies to $SHIB and many other tokens as well. A common question that comes our way is "Why isn't the price moving after "massive" burns?" At this moment, burns are… pic.twitter.com/uMuJQubpNO — Shibburn (@shibburn) July 23, 2023 As per the explanation, even burning 10 billion Shiba Inu (SHIB) tokens a week will not impact the asset’s price. This is because there are “far larger transfers being purchased daily and prices have just sustained.” Additionally, Shibburn explained that SHIB’s price is n

A recent ruling by a US judge has determined that Ripple XRP should not be considered a security, thereby ending the legal dispute between XRP and the SEC. In response to this decision, the price of XRP experienced a significant rise, witnessing an immediate 30% increase in its value. Additionally, the positive news sparked increased trading activity for Ripple XRP, with trading volume surging by over 800% after the announcement. Also read: Ripple XRP Leads Altcoin Market, Leaving Bitcoin Trailing Behind In a recent series of tweets, Ripple CEO Brad Garlinghouse took aim at the Securities and Exchange Commission (SEC), highlighting the need for clear regulations in the crypto space to safeguard retail investors. Garlinghouse criticized the SEC’s handling of the matter, asserting that the agency’s actions have left consumers vulnerable and confused. An important topic has come up about protecting retail. The SEC created this mess by proclaiming it was the cop on the cry

Lookonchain tweeted that a BTC whale address that had been dormant for 11 years was activated. The post revealed that the whale had transferred 1,037.42 BTC to a new address. Meanwhile, Whale Alert shared that another whale transferred 1,890 BTC to Coinbase over the past 12 hours. Lookonchain, the blockchain tracking platform, revealed in a tweet earlier today that a Bitcoin (BTC) whale address that had been dormant for 11 years was activated over the past 24 hours. According to the post, the address transferred its entire balance of 1,037.42 BTC, worth $37.8 million, to a new address. A BTC whale that has been dormant for 11 years transferred all 1,037.42 $BTC($37.8M) to a new address"bc1qtl" an hour ago. The whale received 1,037.42 $BTC($5,107 at that time) on Apr 11, 2012, when the price was $4.92.https://t.co/k8ZmO5vc8X pic.twitter.com/xBaw2dQfY8 — Lookonchain (@lookonchain) July 22, 2023 The tweet added that the whale had received 1,037.42 BTC

While several prominent crypto currencies experienced a decline in the market, the governance token of MakerDAO and Maker Protocol, Maker [ MKR ], stood out as one of the top gainers of the day. The asset is trading at $1,137, showing a remarkable 15% daily price increase. Source – MKR/USD Chart on TradingView The chart above demonstrated the asset’s upward movement. The Relative Strength Index [RSI] indicator indicated a high level of buying activity in the asset market. The RSI is currently situated in the overbought zone. The significant surge in MKR’s price is largely credited to the prominent venture capital firm Andreessen Horowitz [a16z] and CMS Holdings, a private investment firm. a16z is known for its substantial investments in various technology companies. The firm was observed depositing MKR tokens into Coinbase. It was speculated that these tokens were moved with the intention to sell them. Blockchain sleuth, Lookonchain revealed that a16z deposited 12,864 MK