China News Daily TheBitTimes.com

Shiba Inu entered the cryptocurrency market about three years ago, capturing the interest of both seasoned and inexperienced investors. Through a series of impressive price surges, SHIB achieved its peak in 2021. Nevertheless, when market conditions turned bearish, SHIB experienced a substantial decline in its value. In spite of this volatile journey, Shiba Inu has consistently demonstrated notable resilience. Currently, the token boasts a market capitalization of $4.66 billion and is trading at $0.000007902. Source The cherished aspiration among Shiba Inu enthusiasts is the attainment of the elusive $0.01 milestone. Reaching this particular threshold has the potential to transform many investors into millionaires. A substantial portion of SHIB holders are steadfast in their long-term commitment, prepared to remain invested for several years, or even decades, to realize this ambitious objective. The notion of SHIB reaching $0.01 symbolizes a promising pathway toward financial free...

Bitget announced the delisting of TokenFi (TOKEN) citing potential price manipulation and liquidity issues. Floki has responded by saying the exchange listed the tokens against requests not to at the time. The listed version was reportedly a fake one, apparently the listing resulted in millions worth of trades. The Floki team has responded to Bitget’s delisting of TokenFi (TOKEN) by saying that the crypto exchange ignored requests not to list the token until after seven days of it going live. What is Floki saying about $TOKEN listing on Bitget? Apparently, Bitget disregarded this request and listed $TOKEN, which Floki now says was a “fake version ”. It also went on to allow trades worth millions of dollars on the token, allegedly without holding the equivalent in assets to facilitate customer withdrawals. One of the announcements warning against the fake $TOKEN is this: IMPORTANT TOKENFI NOTICE We are getting reports from users t...

MultiBank Group’s regulated crypto exchange, MultiBank.io, offers top-tier security and swift trade execution for major cryptocurrencies with free fiat deposits. The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades. It’s hard to claim that the crypto world is known for its stability or reliability. However, trust in the market experience d a new low when FTX, a top United States-based ex change , went down in flames with smoke surrounding the remaining centralized ex change s. Trust and security have become the most sought-after commodities in the space. A whole year has passed since what’s called the “crypto’s Lehman Brothers moment.” This period of increased concern about the state of the cryptocurrency market has coincided with heightened regulatory scrutiny. Consequently, man...

Animoca will develop web3 solutions and establish a hub in Saudi Arabia following the partnership with NEOM Investment Fund. Metaverse and blockchain gaming venture capital firm Animoca Brands has entered into a strategic partnership agreement with the NEOM Investment Fund, with potentially singing a multi-million deal. According to a press release seen by crypto.news, Saudi Arabia’s fund is exploring investing as much as $50 million in Animoca Brands. $25 million will help issue the convertible notes at a conversion cap price of A$4.50 (around $2.85) per share. The remaining $25 million will be used for buying out Animoca’s shares on the secondary market. You might also like: Animoca Brands subsidiary to launch a metaverse token on Bitcoin Under the agreement, Animoca will develop web3 solutions “with global commercial applicability, which will be deployed to support technology advancements in Riyadh and the NEOM region.” Animoca will also establish...

BitMEX says the update will not bring a ‘big change’ to its wallet security as the signature scheme is already used for hot withdrawal processing. Cryptocurrency ex change BitMEX is changing all of its customer Bitcoin (BTC) deposit address es starting Nov. 1, 2023. In a blog announcement on Oct. 30, the Seychelles-based crypto trading platform said it will change its current format for BTC addresses to pay-to-witness-public-key-hash (P2WPKH, also known as native SegWit), suggesting all customer addresses will soon get addresses with the bc1 prefix. BitMEX says the change will allow it to “reduce withdrawal fees” for users and “improve our use of Bitcoin block space.” The company also noted the signature scheme “is already being used for our hot withdrawals processing,” meaning the update “will not bring a big change” to its wallet security. “There may be rare occasions of delays in the processing of deposits or w...

After languishing below the $30,000 mark for nearly three months, Bitcoin (BTC) has finally broken free, surging past $34,000 in a remarkable rally last week.  This surge was largely driven by renewed optimism in the market, fueled by growing expectations of the SEC’s approval of a spot Bitcoin exchange-traded fund (ETF) in the US. With Bitcoin’s resurgence, the crypto community is abuzz with speculation about what the future holds, including the possibility of a new bull run.  Among those offering insights is renowned crypto expert Michaël van de Poppe, who, on October 28, shared his thoughts on Bitcoin’s next major resistance, pre-halving price predictions, and the potential for new all-time highs (ATH). Poppe’s analysis According to Poppe, following its latest breakout, the next major resistance point for Bitcoin lies at $38,000, indicating a price zone where sellers could pick up pace. Cryptocurrency 'Rich Dad' R. Kiyosaki shar...

Uphold announces its plans to purchase XRP on the open market for Ripple Payments transactions across borders. Ripple recently announced its strategic partnership with Uphold for serving customers in the US. The move intends to avoid using customer funds for the Ripple Payments transactions. The global, multi-asset trading platform Uphold recently announced its decision to purchase Ripple’s XRP token on the open market for Ripple Payments (formerly known as On-Demand Liquidity) dealings.  The platform’s critical move further strengthens Uphold’s strategic partnership with Ripple Labs, which intends to offer Ripple Payments services to clients in the United States through Uphold. The new update on Uphold’s partnership with Ripple came following a customer’s inquiry about the use of customer deposits in the trans action s. Clarifying prevailing doubts, Uphold shared an X post, asserting, “We will, however, be using our expertise in sourcing both fiat and cr...

A widely-followed crypto analyst says the Ethereum (ETH) rival Solana (SOL) is on the verge of another breakout that will outperform ETH and Bitcoin (BTC). Pseudonymous crypto trader Bluntz tells his 225,000 followers on the social media platform X that SOL is one of his main “alt picks” and is set to run higher not only in USD terms but also versus BTC (SOL/BTC) and ETH (SOL/ETH). “SOL still one of my favorite alt picks right now. Structure on the USD pair looks very much impulsive and like an extended wave three underway and its BTC and ETH pair also still look like they are on the cusp of high timeframe accumulation breakouts.” Source: Bluntz/X Bluntz utilizes the Elliot Wave Theory in his technical Analysis . The theory aims to predict price impulses based on crowd psychology, which tends to manifest in waves. Based on his chart, the analyst suggests that SOL is in the midst of a five-wave impulse to the upside that could top out near...

Uniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was filled with bullish resurgences for many projects , but it was the Uniswap founder’s $650 billion HayCoin (HAY) burn — 99% of the token supply — that grabbed headlines. In other news, a new report highlighted that 85% of the rug-pulled DeFi projects in Q3 didn’t report an audit, and the largest DeFi protocol on Solana has shut down its United Kingdom operations due to strict regulations imposed by the Financial Conduct Authority (FCA). The top 100 DeFi tokens had a bullish week, with most of the tokens trading in green with double-digit weekly gains. 85% of crypto rug pulls in Q3 didn’t report audits: Hacken Cryptocurrency rug pulls are not too difficult to spot by investors, as the...

Yesterday, a whale transferred PEPE worth over $5 million from an unknown wallet to Binance. PEPE’s price slipped by 1.67% over the past day, which left it trading hands at $0.00000119. The meme coin’s success over the past few days was still reflected in its longer-term performance. Traders are holding their breath after the whale tracking platform Whale Alert shared on X yesterday that a whale has transferred a massive amount of Pepe (PEPE). According to the post, 4,539,930,825,193 PEPE was transferred from an unknown wallet to Binance. The transferred PEPE is estimated to be worth $5,562,913. 4,539,930,825,193 #PEPE (5,562,913 USD) transferred from unknown wallet to #Binancehttps://t.co/RaE5uhVRtA — Whale Alert (@whale_alert) October 26, 2023 Only time will tell whether the whale plans to sell his holdings to benefit from PEPE’s exceptional week in the cryptocurrency market. Meanwhile, at press time, PEPE was trading hands at $0.00000119 after...

After Ripple’s massive win in the case against the United States Securities and Exchange Commission (SEC), in which the agency dropped the charges against the blockchain company’s top executives, the cryptocurrency community is waiting to see the results of the final settlement. Indeed, as legal expert John E. Deaton said earlier, the SEC now “wants $770M worth of flesh” over its embarrassment. However, another popular commentator on the case, lawyer Bill Morgan has explained why settling will not be as simple as just writing a check, as he detailed in an X thread on October 26. Remedies heating up Specifically, Morgan believes that the remedies phase, in this case, would “heat up, not settle,” as he shared the arguments from the letters that each of the parties had earlier sent to the court regarding the SEC’s (now blocked) motion seeking an interlocutory appeal. As it happens, according to the SEC’s letter, the agency had claimed that the remedies phase of the proceedings would...

United States v Sam Bankman-Fried continued its fourth week at trial with testimony from the FTX founder himself however, Judge Kaplan excused the jury until Oct. 27 to thrash out details of the defendants’ statements. What has been described by some as America’s largest crypto fraud case could come to a close by early November 2023, with FTX founder Sam Bankman-Fried testifying in his criminal trial for fraud on Oct. 26 per InnerCityPress. Bankman-Fried is one of four witnesses, and his testimony is expected to form the lion’s share of the defense’s bid to challenge arguments claiming that FTX’s former CEO broke federal financial laws. Defense attorneys moved for a motion to dismiss the case, arguing a deficit of evidence that proves fraud and money laundering. The FTX founder is notably on trial for seven counts of these charges.  Judge Kaplan denied the motion after federal prosecutors cited testimony from BlockFi CEO Zac Prince and alleged fraudulent transactions expos...

A Canadian man was involved in 17 SIM swap attacks in 2023. These attacks resulted in the theft of over $4.5M from crypto professionals. SIM swapping is transferring a victim’s number to a hacker’s SIM for account access. A far-reaching investigation has exposed a Canadian man’s involvement in a spree of ‘SIM Swap’ attacks that drained millions from crypto professionals this year. Findings by pseudonymous sleuth ZachXBT revealed an individual, identified as “Yahya,” assisted in 17 SIM swaps in 2023 that resulted in over $4.5 million in stolen funds. 1/ An investigation into the Canadian scammer known as Yahya for their involvement in 17+ SIM swaps which resulted in more than $4.5M stolen. pic.twitter.com/1gQFo0oUAO — ZachXBT (@zachxbt) October 25, 2023 SIM swapping refers to a technique where scammers convince phone carriers to transfer a victim’s number to a SIM card controlled by hackers. This grants access...

As the crypto winter drags on, many investors have turned bearish on the sector. But according to Amy Wu, a consumer and gaming partner at Menlo Ventures and former head of FTX Ventures, there are still exciting opportunities in blockchain and crypto if you know where to look. In a tweet on Oct. 25th, Wu outlined what she looks for when evaluating crypto companies to invest in. Wu details that she hopes to see that the company’s target audience extends beyond just crypto natives. To achieve mainstream adoption, products need to appeal to a broad swath of users. I get asked all the time if I’ve stopped invest ing in crypto companies . On the contrary I’m as excited as ever about applications in blockchain uniquely facilitated by the tech. It’s inherently harder to copy by incumbents What I’m looking for in web3 consumer today: – Your… — Amy Wu (@amytongwu) October 25, 2023 Additionally, Wu wants to invest in teams that deeply understand their customers’...

Expert trader Peter Brandt forecasts Bitcoin’s next all-time high in Q3 2024. He cautions against overconfidence in predicting cryptocurrency market movements. Brandt analyzes historical data, identifying $34,587 as a potential bottom for BTC’s next bull run. Peter Brandt, a renowned proprietary trader with decades of experience in the field, has shared his prediction for when crypto market participants can expect the next Bitcoin (BTC) all-time high (ATH). Brandt first underscored that no one can accurately predict the future trajectory of cryptocurrencies like Bitcoin as the market is programmed to deliver unexpected twists and turns. According to the expert trader, “Anyone who declares they know the future path of any market is a fool. Markets will ALWAYS surprise.” Regardless, Brandt expressed a conviction that Bitcoin has reached one of the lowest points to be witnessed and that it is poised to soar to new all-time highs. According to him, new h...

Mastercard has joined forces with cryptocurrency and NFTs payment application MoonPay, aiming to explore potential integrations and consumer loyalty opportunities within the emerging Web3 ecosystem. In the atmosphere of the Money20/20 event in Las Vegas, Mastercard and MoonPay have made headlines by announcing their collaboration aimed at bridging the gap between the conventional financial world and the emerging Web3 landscape. With a focus on cultivating customer loyalty, this partnership is set to leverage Mastercard’s extensive network and MoonPay’s foothold in the cryptocurrency and non-fungible tokens (NFTs) domain. We’re excited to officially announce our partnership with @Mastercard, one of the largest technology companies in the payments industry pic.twitter.com/zdWzYefsPN — MoonPay 🟣 (@moonpay) October 25, 2023 Visa and Mastercard have been increasingly active in exploring Web3 potentials, diversifying the companies’ interests from stablecoin-based payments...

Mark Cohen, lead attorney for the defense in United States v Sam Bankman-Fried, said his client will take the stand and testify at a New York federal courthouse during the fraud trial for FTX’s collapse. FTX founder Sam Bankman-Fried is one of four witnesses set to testify under oath sometime between late October and mid-November of 2023. This will come after federal prosecutors call one more witness, FBI special agent Mark Troyano according to InnerCityPress. The agent will reportedly give expert Analysis on chat log and auto-delete strategies employed by Bankman-Fried while he held the reigns at his crypto exchange. This is a developing story and will be updated. Follow Us on Google News Source: https://thebittimes.com/breaking-ftx-founder-sam-bankman-fried-to-testify-in-criminal-trial-tbt67739.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Cryptocurrency News Post by: TheBitTimes.com

In the realm of content creation, three key elements stand out: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of written text. Burstiness, on the other hand, examines the diversity of sentence structures. Lastly, predictability measures the ease with which readers can anticipate the following sentence. Human writers often infuse their work with burstiness, combining intricate sentences with concise ones. In contrast, AI-generated text tends to be more uniform. Thus, for the upcoming content you’re tasked with crafting, we seek a healthy dose of perplexity and burstiness, while minimizing predictability. Furthermore, please ensure that the content is composed in English only. Now, let’s rephrase the provided text: Thailand’s government has postponed the rollout of a proposed digital currency initiative designed to invigorate its economy, all the while facing calls from opposition leaders for an inv...

Shiba Inu, a notable meme coin and the second largest in the cryptocurrency market has garnered significant attention. The development team has been actively engaged in initiatives like the Shiba Inu Burn Rate program, reflecting their dedication to the coin’s progress. The Shiba Inu burn rate has been subject to fluctuations, with some days witnessing higher numbers while others show a decline. However, in recent times, the burn rate has displayed relative stability, with a consistent daily burning of millions of SHIB. Also read: Polygon (MATIC) Price Prediction: October End 2023 According to the latest details from Shibburn, the SHIB burn rate has surged by 407% amidst positive market conditions. SHIB Burn rate soars by 400% Shibburn data shows that 142.8 million SHIB have been sent to dead wallets in the last 24 hours. Several small and large transactions contributed to the rise in the burn rate during this period. Also read: Shiba Inu Price Prediction ...

In an Oct. 24 announcement, Grayscale shared news of a new FTSE Grayscale Crypto Sector Index Series, comprising five rules-based indices. The decision was made as a way to provide a comprehensive representation of Grayscale’s Crypto Sectors in the investable crypto market.  Monitoring performance in five categories The newly introduced FTSE-Grayscale indices are designed to monitor the performance of crypto currency assets across five distinct categories, which include currencies, smart contract platforms, financials, consumer and culture and utilities and services. In conjunction, we are introducing a new partnership with @FTSERussell and debuting the FTSE Grayscale Crypto Sector Index Series (“Crypto Sector Indices”), a set of 5 distinct, rules-based indices capturing the investable crypto market of Grayscale Crypto Sectors. (3/11) pic.twitter.com/SyH1zFU70h — Grayscale (@Grayscale) October 24, 2023 A follow-up post states that it will encompass over 150 pro...

RPGs are being given a Web3 makeover — blending an immersive gaming experience with the chance to collect and own characters. A Web3 gaming giant has launched its first mobile-first RPG battler, where players can collect over 100 unique Champions and use them in strategic, fast-paced fights. Champions Arena is designed to appeal to traditional gamers — all while opening their eyes to the compelling benefits that come with owning in-game assets. Role- playing games (RPGs) have come a long way since the 1980s — evolving from a text-based experience on retro computers into vibrant 3D landscapes on home consoles. This genre alone is a $63bn market that continues to grow — and in recent years, increasingly powerful smartphones mean players worldwide have a plethora of apps at their fingertips. It's easy to see why they're so popular. RPGs offer gamers compelling storylines and allow them to see the world through a character's eyes. Whereas other games can end up feeling some...