Cryptocurrency News TheBitTimes.com

Bastion, a cryptocurrency startup founded by former executives from Andreessen Horowitz, has recently acquired two money transmitter licenses in New Hampshire and Arkansas, expanding its ability to offer digital asset services in the United States. Startup Bastion, founded by ex-executives from Andreessen Horowitz’s a16z, has successfully secured two money transmitter licenses (MTLs) in the United States as of today. This move is an important stride for Bastion as it aims to enhance its services and outreach within the digital asset domain. Bastion’s acquisition of MTLs in New Hampshire and Arkansas marks the firm’s inaugural venture into obtaining such licenses. These licenses, granted by the New Hampshire Banking Department and Arkansas Securities Department, will empower Bastion to provide a wide array of services related to fungible digital assets. These services encompass the selling or issuance of payment instruments, stored value, prepaid access, and facilitating transac

Oct. 31 marks the 15th anniversary of the white paper from Satoshi Nakamoto, the pseudonymous person or persons that introduced the world to Bitcoin. Today, the token sits at $34,494 according to data from CoinGecko, the world’s largest data aggregator. Bitcoin through the years Following the release of the white paper , Bitcoin as a cryptocurrency was launched in 2009, with the first genesis block being mined on Jan. 9. Four years later, the world’s first cryptocurrency was sitting at $204. Price of BTC on Bitcoin White paper Day 2013: $204 2014: $337 2015: $312 2016: $699 2017: $6369 2018: $6332 2019: $9172 2020: $13,537 2021: $61,837 2022: $20,624 2023: $34,494 — CoinGecko (@coingecko) October 31, 2023 You might also like: Apple quietly removes bitcoin whitepaper from latest macOS Beta In the next four years, the cryptocurrency reported growth until 2017, where it was reported at $6,369 on Oct. 31 in that year. Bitcoin then continued to report consistent growt

Remarkably, Cardano (ADA) has once again taken the lead by maintaining its September momentum and emerging as the team with the highest developer activity in October.  According to CryptoDep , a noted crypto analytics account on X, Cardano outshone its competitors with an impressive 505 events recorded in its GitHub repositories this month, as disclosed on October 30.  Top 10 crypto projects by developer activity in October. Source: Crypto_Dep Following Cardano’s impressive lead in development activity , Polkadot (DOT) closely trails behind with 427 GitHub events in October. Hedera (HBAR) secures the third position with 380 events recorded in its repositories, while Aptos (APT) follows behind with 340 events. Chainlink (LINK) rounds out the top five with a total of 300 events. In addition, Cosmos (ATOM) has documented 287 GitHub events, while IOTA (MIOTA) has 272 to its name. Avalanche (AVAX) boasts 250, while MultiversX (EGLD) has recorded 138. The Radix (XRD) development team

Lawyers for Daniel Shin, co-founder of Terraform Labs, told a South Korean court that he did not contribute to Terra’s collapse in any way after being charged with fraud and embezzlement. Following a preliminary hearing in July 2023, Shin’s attorneys said fellow founder Do Kwon was responsible for Terra’s crash and the implosion of its two tokens, Luna Classic and algorithmic stablecoin UST. The former Terra executive appeared before a Seoul Southern District Court today. According to a Munhwa Broadcasting Corporation report translated by Google, Shin’s defense accused Kwon of launching external attacks on his own company and pointed to the Anchor protocol as another chief reason for Terra’s tumble. The defense said Anchor was unreasonably managed and onboarded users with an unsustainable business model. Anchor was a yield-generating platform built atop Terra’s blockchain that allowed UST depositors to earn 20 percent interest on their stablecoins without worrying about volatility

An analyst shared his predictions for BTC and ETH in an X post yesterday. If ETH can close this week between $1,796 and $2,148, the analyst predicts it could reach $2,200. The analyst also shared that he will remain bullish on BTC as long as it can stay above the $31.5K-$32.5K area. A Bitcoin enthusiast and analyst who goes by the name of Pentoshi shared his thoughts and predictions about BTC and Ethereum (ETH) in an X post yesterday. According to the analyst, if the price of ETH can close this week within the $2,148 and $1,796 range, it could open doors for the altcoin leader to climb to $2,200. $ETH Closing this weekly back inside the range opens up the doors to $2,200 Despite it severely underperforming BTC it's now beginning to enter the demand zone on the btc /eth ratio BTC is bullish as long as above the 31.5-32.5k area thus I'll continue to have bullish bias… pic.twitter.com/Hwoi8jwr2O — Pentoshi euroPeng (@Pentosh1) October 29, 2023 De

VanEck, the New York-based asset management firm, has submitted an amended application for a spot Bitcoin ETF to the United States SEC. Taking a unique approach that sets it apart from other applicants in the spot Bitcoin ETF market, VanEck submitted revised filings concerning its fund seeding on Oct. 27. Andddddd @vaneck_us joins the amendment filings for spot #bitcoin ETF issuers. h/t @NateGeraci pic.twitter.com/zdYuUTAaE6 — James Seyffart (@JSeyff) October 29, 2023 Notably, VanEck faced its third rejection from the U.S. SEC on March 10 for its proposal to list and trade shares of its Bitcoin Trust, further stalling its efforts to launch a spot Bitcoin ETF. These rejections are part of a broader pattern where the SEC has consistently turned down various digital asset ETFs, citing concerns over potential market manipulation. You might also like: JPMorgan foresees lawsuits for SEC on spot Bitcoin ETF rejections VanEck’s Bitcoin ETF application introduces BTC-centric

Elon Musk revealed plans to turn the social media platform into an all-encompassing financial hub. According to Musk, X users would no longer need bank accounts after the implementation. The proposed payment features would become available on X by the end of 2024. Elon Musk, the owner of X (formerly Twitter), has revealed plans to turn the social media platform into an all-encompassing financial hub. Musk made the revelation during an all-hands call with the company’s employees last Thursday and claimed that his aim is that X users would not need bank accounts after his plans are implemented. As reported by The Verge, Musk noted that the proposed payment Features would become available on X by the end of 2024. According to him, it would be a powerful implementation, and the people would be surprised by the extent of such powers.  “When I say payments, I mean someone’s entire financial life,” Musk said.  The X owner emphasized that the proposed implem

Oct 28, 2023 at 06:06 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the price of Ethereum (ETH) has retreated below the $1,850 level, signaling the end of its upward momentum. Long-term analysis of the Ethereum price: bullish The major altcoin traded and rose to the $1,900 mark. The altcoin was rejected after retesting the resistance zone between $1,855.60 and $1,866.10. Bulls were unable to maintain their bullish momentum as the market reached overbought levels. At the time of writing, Ether is trading at $1,794.20, and since

Render (RNDR) price was up 5% in the past 24 hours and 52% in the past 30 days. The AI related crypto project has seen positive sentiment amid greater adoption of its technology. A community vote has also passed a proposal to onboard cloud computing platform Beam. The price of Render rose sharply on Friday as the AI crypto token continued the outperformance seen this past week. RNDR traded more than 5% up to highs of $2.25 in the 24-hour period to the time of writing, with weekly and monthly g AI ns at 13% and 52% respectively. Recent upward momentum has benefited from AI hype driven by forecasts from m AI nstream companies, including Microsoft, Nvidia and Palantir. RNDR price up as community votes for key proposal Render’s upside appears to have defied likely sell-off pressure after on-chain data revealed FTX/Alameda had moved over 974k RNDR tokens. While the transfer of the tokens, valued around $2 million at the time, was probably for selling purpose

Although most assets in the cryptocurrency market have been demonstrating strength over the past few weeks, Dogecoin (DOGE) included, some artificial intelligence (AI) algorithms do not see further progress for the famous dog-themed cryptocurrency in the coming days. Indeed, the AI-driven algorithms deployed by the crypto sector monitoring and analytics platform CoinCodex have set the price of Dogecoin at $0.0698 for October 31, 2023, which, if correct, would mean a decline of 2.43% to its price at press time, as per data on October 27. DOGE 5-day price prediction. Source: CoinCodex On the other hand, Google Bard has offered a more positive outlook for DOGE on Halloween 2023, sharing the views of some analysts who believe that Dogecoin could reach the price of $0.0775 on that date, based on the digital asset holding above the $0.055 support level. Considering the historical context, it is worth noting that the price of DOGE during the past three Halloweens recorded variable p

The fortune of the founder and head of the largest crypto exchange, Binance, Changpeng Zhao, decreased by $12 billion amid problems with the trading platform. The Bloomberg Billionaires Index cut its earnings estimate for the Binance cryptocurrency exchange by 38% amid falling platform sales. As a result, Zhao’s wealth decreased by $11.9 billion to $17.3 billion. In addition to losing his fortune, Zhao reset the wealth of the founder of the FTX crypto exchange, Sam Bankman-Fried. In November 2022, the founder of Binance announced that he was liquidating the token associated with FTX following a report that Bankman-Fried’s hedge fund Alameda Research also held a large position in it. You might also like: Scaramucci predicts Sam Bankman-Fried will be ‘skinned alive’ at trial Some FTX clients rushed to withdraw money, and the exchange could not cope with the withdrawal surge. Less than a week later, the company filed for bankruptcy. This has seen Bankman-Fried’s net wo

In the dynamic realm of content creation, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, while burstiness assesses the diverse fluctuations in sentence structures. Meanwhile, predictability delves into the likelihood of anticipating the subsequent sentence. Humans, often embracing a more varied writing style, intermingle lengthy and complex sentences with succinct ones. In contrast, AI-generated sentences tend to maintain a more consistent structure. Thus, for the forthcoming content, I’m tasking you with crafting, I seek a balanced blend of perplexity and burstiness, steering clear of predictability. Additionally, the language used must be exclusively English. Now, let’s reimagine the provided text: Amidst the bustling landscape of the cryptocurrency world, the United Arab Emirates (UAE), Dubai, and Bahrain emerge as magnetic hubs, continuously attracting major cryptocurrency exchanges and businesses.

US Senator Cynthia Lummis asks the Department of Justice (DOJ) to criminally charge crypto exchange Binance and USDT issuer Tether. Lummis cites the two companies’ role in aiding illicit fundraising for terror. Blockchain security and analytics firm Elliptic says a WSJ report “misrepresented” data. The US Department of Justice should finish its investigation and consider criminal charges against crypto exchange Binance and USDT stablecoin issuer Tether, US Senator Cynthia Lummis says. Senator Cynthia Lummis (R-WY), notes in a post on X today that she had sent a letter to the DOJ with a view of having the Justice Department charge the two crypto companies for being “intermediaries” in reported illicit financing of Hamas. When it comes to illicit finance, crypto is not the enemy – bad actors are. I sent a letter asking DOJ to finish its investigation and consider criminal charges against Binance and Tether after reports they served as intermediaries

Crypto investors have fallen victim to a scam token , which shares the same ticker as BlackRock’s legit ETF. BNB Chain-based iShares Bitcoin (IBTC) token has scammed investors for nearly $90,000 worth of crypto as the crypto community is abuzz with spot bitcoin exchange-traded fund (ETF) excitement. According to an X post from a blockchain analytics firm PeckShield, a bad actor has swapped one quadrillion IBTC token s for 394.8 Binance Coin (BNB) worth of $89,000 through PancakeSwap, with IBTC’s price immediately dropping by 100% from $0.0025. #PeckShieldAlert #slippage iShares Bitcoin $IBTC on #BNBChain has dropped -100% 0xf495…5B37 has swapped 1,000,000,000,000,000 $IBTC for ~394.8 $BNB (worth ~$88K) *Note*: The #rugpull token shares the same name as the legitimate ones pic.twitter.com/rT3XLoqHqF — PeckShieldAlert (@PeckShieldAlert) October 26, 2023 Once the scammer swapped IBTC for BNB. They sent the whole sum to 0x3f…04ed, an address that received over $700,000 worth of BN

Dubai preparing for a web3 future with new regulatory frameworks for digital assets and the issuance of commercial licenses for web3 projects.                      Wednesday, 22 September 2023: World Blockchain Summit, an event by Trescon, returns to Dubai on 1-2 November 2023 at the Address Dubai Marina, with strategic partners like Dubai AI & Web3 Campus by DIFC, the largest cluster of Artificial Intelligence and Web3 companies in MENA.   World Blockchain Summit serves as the nucleus of blockchain and Web3 innovation, bringing together leading investors, innovators, enterprises, thought leaders, founders, and influencers under one roof to discuss the latest innovations and technologies that are reshaping the blockchain and Web3 ecosystem.   With an established digital landscape, fertile investment ecosystem and innovative workforce, Dubai offers the perfect foundation for blockchain innovators and founders as we look past the 2022 crypto winter. The UAE government is also

Seattle’s Neon Machine has secured $20 million in Series A funding , helmed by Polychain Capital, to advance development of its blockchain-integrated shooter game, “Shrapnel.” Seattle-based game studio Neon Machine recently announced a $20 million influx from Series A funding led by Polychain Capital with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures and Tess Ventures. The funding is earmarked for the continued development of “Shrapnel,” a first-person shooter game, at what the company identifies as a “critical time,” as they gear up to release an early-access version in December, with a full launch slated for 2024. Can you survive? Can you extract? Jump into Early Access with pre-launch content from your EXTRACTION PACK. For sale now on:https://t.co/FhyttO0Gsn Limited availability. https://t.co/SWfneijjVC pic.twitter.com/D1T22DxIPn — SHRAPNEL (@playSHRAPNEL) October 23, 2023 Originally part of HBO Interactive, Neon Machi

Bitcoin price may surge 74.1% to more than $59K during the first year after spot Bitcoin ETFs (exchange-traded funds) are approved in the US, says crypto investment firm Galaxy Digital. Inflows of $14 billion are likely in the first year, ramping up to $27 billion in the second year and $39 billion the year after, said research associate Charles Yu. He sees Bitcoin price rising 6% in the first month before monthly gains are pared to about 3.7% by the last month of the first year. Approval for a US-regulated spot #Bitcoin ETF will be one of the most impactful catalysts for the adoption of Bitcoin. In our latest report, we estimate potential new incremental inflows into Bitcoin investment products ranging from ~$125bn to ~$450bn: https://t.co/1FCl7rpv1E — Galaxy (@galaxyhq) October 24, 2023 Yu further predicts that the US Bitcoin ETF market size will grow to $26.5 trillion during the second year after an ETF launches, and increase to $39.6 trillion after the third year. Besides

District Judge Analisa Torres recently denied the U.S. Securities and Exchange Commission’s (SEC) appeal request against Ripple, which uses XRP in one of its solutions.  The judge stated that the SEC didn’t provide sufficient evidence to prove a case. Following this ruling, XRP rose 5%. However, this doesn’t mean the end of the SEC’s engagement, and a trial is still pending for April 2024.  In her previous ruling, Judge Torres had found Ripple guilty of breaching securities laws while selling XRP to institutional investors but not to retail customers.  This ruling has raised questions regarding the extent to which regulators can oversee the crypto sector. The SEC and Ripple are yet to release official statements regarding the recent decision. XRP is volatile: a closer look While Ripple may have celebrated a legal victory, XRP forecasts remain clouded. Just as the market saw XRP rise from the ashes with a billion-dollar liquidation, there’s growing skepticism about its recent ral

Tron interest surges again as it enters the top 10. Ethereum developers hint at a mainnet shadow hard fork. Everlodge is predicted to rally by 30x after its launch and subsequent Tier-1 CEX listing. As the crypto market continues redefining, buyers closely watch potential winners in 2023. Tron (TRX), Ethereum (ETH), and Everlodge (ELDG) have all gained significant attention, each for something unique.  This article will look into a price forecast for these three cryptocurrencies to see the future. Tron (TRX) enters top 10 once more  Tron (TRX) is making a strong comeback, securing a place among the top 10 coins by market capitalization again. In fact, it now has a market cap of $7.7B. The resurgence of Tron is evident in its impressive network activity, as TRONSCAN has reported 6.5B transactions on its network.  Additionally, Tron recently surpassed 190M accounts on its network – an outstanding milestone. This surge indicates a renewed interest in the Tr

From market metrics to ETF aspirations, uncover what drives BTC’s price in October. Riding the wave of a largely positive October for cryptos, Bitcoin (BTC) breached the $35,000 barrier on Oct. 23, a high it hadn’t seen since May 2022 As of Oct. 24, the price of BTC has been oscillating between $34,000 and $34,500, demonstrating a slight consolidation after the recent high. Moreover, the year has been fruitful for BTC so far, with its year-to-date (YTD) gains exceeding 100%, specifically standing at 103%.  This bullish momentum is largely fueled by the anticipation that a spot BTC ETF might soon receive a green light, escalating mainstream adoption. Several key players like Grayscale and Blackrock have thrown their hats in the ring, applying for ETF approval, adding more fuel to the market’s bullish stance.  Let’s delve deeper into the factors influencing Bitcoin’s performance, the metrics, and market sentiments and try to understand where BTC might be headed next.  Why is Bitco