Cryptocurrency News TheBitTimes.com

Economist Peter Schiff has predicted that the U.S. Federal Reserve will ultimately throw in the towel on its inflation fight to confront “something it fears even more, which is a complete economic collapse, another financial crisis, or a sovereign debt crisis.” He stressed, “The months of declining inflation are in the review mirror,” emphasizing that now “we’re going to see accelerating inflation.” Peter Schiff on Potential Economic Collapse Economist and gold bug Peter Schiff shared some dire warnings about where the U.S. economy is headed and the consequences of the Federal Reserve’s fight against inflation in an interview with Greg Hunter on the USAWatchdog show, published Saturday. Citing recent economic data, including the personal consumption expenditures price index which rose 0.6% in January, Schiff said: “The months of declining inflation are in the review mirror. And now we’re going to see accelerating inflation a...

VeChain is attracting heavy bullish sentiments this year as the cryptocurrency has doubled in price since the start of January 2023. VET is consolidating in price and is looking to climb above the $0.030 mark in the days leading up to the HiVe launch. The launch is scheduled for Mar. 4, 2023, and the blockchain will enter the Web3 and NFT spheres through collaborations. You can read more details about the developments here. Due to The HiVe updates, a small number of whales have been seen entering VET. In this article, we will highlight who owns the most VET tokens. Also Read: VeChain Price Prediction For March 2023 Source: CoinGecko.com VeChain: Who Owns The Largest Number of VET Tokens? Source: Unsplash VeChain has a total circulating supply of 88 billion tokens and boasts nearly 664,998 and growing holders. VET is available for a fraction of a penny, making it among the most affordable cryptocurrencies on the market. According to recent data from VeChain Stats, the hi...

Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered approximately $770,000 which belonged to MTI. Liquidators’ Fees Liquidators of the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) have so far spent approximately $4.9 million (90.2 million rands) on lawyers and consultants since assuming control, a report has said. According to a Mybroadband report, a total of approximately $6.1 million has so far been disbursed while a further $7.3 million is earmarked for liquidators’ fees. In April 2021, a Bitcoin.com News report said more than $70 million was raised from selling 1,281 bitcoins belonging to MTI. A few months later, another report said more than 8,000 BTC belonging to MTI had been “traced” and ...

Author：Lily Editor：Colin Wu 1. South Korea’s weekly summary 1.1 MTL becomes the new Korean MEMECOIN link Upbit MTL/KRW, South Korea’s largest exchange, had a trading volume of $260m. Binance MTL contract annualized negative funding rate is as high as 1430%. MTL is the token of Metal Pay, which allows users to buy, sell, transfer, and pay for cryptocurrencies. 1.2 Prosecutors are holding Bithumb’s largest shareholder Vident in custody link South Korean prosecutors held and searched Vidente, the largest shareholder in Bithumb, in an investigation into the alleged misappropriation of funds by Bithumb-related companies. on February 20, prosecutors formally charged Kang Jong-hyun, the actual owner of Bithumb. 1.3 South Korean authorities scrutinize Gopax previously acquired by Binance link After Binance acquired the South Korean exchange Gopax, regulators may require it to reapply for virtual asset operator certification; banks are considering whether to continue to provide accounts. But i...

The Securities and Exchange Commission [SEC] and Ripple ’s dispute have gone through several stages. The cryptocurrency community is speculating about the case’s outcome as it approaches its conclusion. The case has been ongoing for more than two years, and the conflict seems interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.3785 with a 3.35% drop in value over the past 24 hours. Also read: Shiba Inu: Burn Rate Drops as Prices Plummet XRP is down by 8.4% over the last 30 days and is 90% down from its all-time high of $3.84. Here is our Price Prediction for Ripple for March 2023. Source: CoinMarketCap Ripple price prediction for March 2023 Cryptocurrency experts at Changelly predicted the price of Ripple for March 2023. According to the analysts, XRP is forecast to reach a minimum of $0.39996 and a maximum of $0.43995...

Google Cloud, the remote services division of the software giant, has announced a partnership with blockchain company Tezos to become a block validator (“baker”) in its network. As part of this partnership, Google Cloud will also offer Tezos validation services through its platform, allowing easier deployment for customers worldwide. Google Cloud Partners With Tezos Google Cloud announced a partnership with Tezos, a decentralized Web3 company, that aims to make it easier for Google customers to build and maintain services on top of the Tezos blockchain. The company will become a validator (also known as a “baker”) in the Tezos network, allowing it to be part of, and contribute to, the operation of the system. The partnership encompasses the inclusion of the Tezos blockchain in Google Cloud’s platform, simplifying the task for companies and developers that build and maintain applications on top of Tezos. This integrates Tezos as another network that can b...

In mid-2022, crypto broker Voyager Digital filed for bankruptcy, citing market conditions. A host of companies lined up to throw Voyager a life jacket and help it avoid insolvency. At the time, FTX was a top contender. Post its collapse, the planned acquisition failed. In January 2023, Binance.US managed to garner the court’s approval for the same. Binance.US was supposed to acquire the crypto assets and customer deposits of  Voyager Digital via a $1.02 billion deal. Also Read: Binance garners court approval to acquire bankrupt firm Voyager Digital At press time, the SEC has now opposed Binance.US’s deal to purchase Voyager’s assets. The regulatory agency, via its recent court filing, said that the deal could end up being unlawful and discriminatory. Additionally, other proposed tangents in the Binance.US Voyager  deal might also be non-compliant with the law. The SEC indicated that the means of repaying back Voyager ’s former customers was one such aspect. Ela...

Join Our Telegram channel to stay up to date on breaking news coverage eCash is down in the market today , trading at $0.00003694 in the last 24 hours. The asset’s price finally broke above the $0.00002 price level on January 23, 2023, at $0.00003028.  Also, the last 30 days have been positive for the asset, with its 30-day high at $0.00004428 and its 30-day low at $0.00003424. Despite the current slump, it has recorded progress in February 2023. The eCash network was created to bring Decentralized Finance (DeFi) solutions to crypto users and to support Ethereum Virtual Machine (EVM) compatibility. The network aims to scale up transaction speed while reducing costs. The recent price gains are due to different factors on the eCash network. eCash Network Updates Possibly Influencing Its Price Trend Avalanche Post-Consensus A Game Changer For eCash   Avalanche Pre-Consensus , was announced on the eCash network on January 30, 2023. This upgrade offers almost ins...

If the final tally remains in favor of the purchase, the LinksDAO acquisition committee will officially put out a “compelling offer” to purchase the golf course. The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO, may soon put in an offer to purchase the newly marketed Spey Bay Golf Club in Scotland worth about $900,000.  LinksDAO — self-described as a “global group of golf enthusiasts” that is on a mission to build the “world’s greatest golf community” — officially opened the proposal vote on Feb. 20, which came after a few weeks of informal deliberation. It would be the DAO’s first ever golf course purchase. few things in life are more fun than doing what you said you were going to do, regardless of adversity i will love the @linksdao core team, contributors and members forever for delivering 110% bear markets mean nothing when passion meets greatnesshttps://t.co/1iqvi1sHIx pic.twitter.com/qQGLYxlB9F — Mike Dudas (@mdudas) February 21, 2023 While ...

Jaime Leverton has led digital asset mining player Hut 8 over the past two years, wading through the waters of the bull market of 2021 and the bear market of 2022. In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her views on the recent shakeout in the cryptocurrency market and reflected on how Bitcoin (BTC) mining fares during the current turbulent period for the industry. Throughout 2021 and 2022, the crypto industry experienced significant growth, followed by bear market struggles, bankruptcies and job cuts. Leverton took on the position of leading Hut 8 Mining as CEO a little over two years ago and experienced those ups and downs from the front line. Jaime Leverton CEO of Hut 8 (left) and Kristina Lucrezia Cornèr (right) during Crypto Summit 2023 i...

Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told investors. Crypto Hedge Fund Shuts Down Due to FTX Collapse Crypto hedge fund Galois Capital is shutting down as nearly half of its assets are trapped on FTX, the collapsed cryptocurrency exchange which filed for bankruptcy in November last year. “Galois Capital is a crypto hedge fund that specializes in over-the-counter trading and algorithmic market-making,” its website describes. Galois Capital told investors that all trading has been halted and all its positions unwound, according to documents seen by the Financial Times. Galois co-founder Kevin Zhou wrote: Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and cu...

The overall cryptocurrency markets were off to a strong start in 2019, but the most popular meme coin, Dogecoin (DOGE), has yet to rise significantly. Lido DAO is one of the top-performing large-cap cryptocurrencies this year (LDO). The liquid staking protocol began trading in 2023 at $0.959 and is currently trading at $1.97, a startling 105% increase in less than two weeks. Solana (SOL), an innovative contract platform, has also had a banner year. The main competitor to Ethereum (ETH) gained more than 59%, rising from $10.15 on January 1 to $16.17 at the time of writing. Cardano is a different large-cap token that will become popular in 2023. (ADA). As of this writing, the innovative contract protocol has risen sharply from $0.249 to $0.327, a respectable 31% increase in less than two weeks. Litecoin (LTC), a peer-to-peer payment network, started 2023 at $70.06 and is currently trading at $82.43, representing a respectable 17% gain thus far this year. ...

The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. Russia’s Monetary Authority to Trial Actual Settlements With Digital Ruble The Central Bank of the Russian Federation (CBR) is going to proceed to the next phase of the digital ruble pilot project on the first day of April. Testing will involve real transactions with the new form of the national fiat, Deputy Governor Olga Skorobogatova told journalists. The plan is to start with transfers between individuals and payments between trade and service companies, the top official detailed. Skorobogatova emphasized that these will be “real transactions” and “real customers” of 13 banks that are ready to take part. However, she also noted that the initial number of these transactions, as well as the number of...

Join Our Telegram channel to stay up to date on breaking news coverage Klaytn (KLAY), the native cryptocurrency of the Klaytn blockchain network, has recently been on an impressive upward trajectory. Over the past few weeks, KLAY has surged by a staggering 62%, outperforming many of its peers in the cryptocurrency market. This impressive performance is attributed to the growing popularity of the Klaytn blockchain network, a public blockchain for metaverse, gamefi, and the creator economy. It’s popular in South Korea and expanding globally from Singapore, supported by the Klaytn Growth Fund and managed by the Klaytn Foundation. KLAY Soars Steadily on the Backbone of Ethereum Max Partnership  Recently, Klatyn Blockchain partnered with the U.S. metaverse concert organizer Animal Concerts (Ethereum Max). This partnership is meant to bring leading global music entertainment stars to the Metaverse. With this partnership, the value of KLAY has picked up steadily since the ...