Press Releases Daily TheBitTimes.com

Decreased BTC Supply on Exchanges The decline in Bitcoin supply on exchanges can be attributed to several factors, including the recent development of a spot Bitcoin ETF application by BlackRock and the launch of the EDX Markets crypto exchange. These developments have sparked institutional interest and prompted financial giants to consider resubmitting their Bitcoin ETF applications with the US Securities and Exchange Commission (SEC). Also Read: US SEC Gives Nod To First Ever Leveraged Bitcoin ETF The regulatory green light by SEC allows investors to gain leveraged exposure to Bitcoin’s price movements, potentially amplifying their returns. The introduction of such a financial instrument has sparked renewed optimism and confidence in Bitcoin, contributing to its sustained position above the $31,000 mark . Bitcoin wallet addresses acquired 910,000 Bitcoin s as more people are choosing to hold Bitcoin outside of exchanges, contributing to the decrease in the percentag...

Join Our Telegram channel to stay up to date on breaking news coverage Magic Eden, a multi- chain digital marketplace for crypto and non-fungible tokens, has teamed up with the web3 payment platform Helio Pay to launch a pre-sale platform for NFT creators. This platform is the first multi- chain platform in the short history of NFTs. Magic Eden Taps Helio To Launch Pre-sale Platform For NFT Creators In a June 29 press release, the digital asset marketplace confirmed partnering with Helio Pay to launch the new pre-sale platform for NFT creators. The joint project is believed to be a game changer in the world of art. The project is the first multi- chain pre-sale platform for NFT creators. Announcing HELIO x MAGIC EDEN 🔥 We're teaming up with @helio_pay to deliver the FIRST EVER multi- chain presale platform for creators! 🤝 Oh and this is completely integrated into our website 🪄 Read more 👇 pic.twitter.com/LziC46ek2b ...

Recently, Tradecurve reached a major milestone where it hit a record 12,500 users, even despite being in the PR esale period. This signifies a bullish outlook for the upcoming hybrid exchange, as it has gained a lot of attention from investors and traders globally. As a point of comparison, Floki and Pepe have begun losing holders, worrying other investors and potentially initiating a panic-sell period. Today, we will analyze each one’s potential for growth. Summary Floki and Pepe have begun to lose holders Tradecurve is being accumulated by crypto whales and saw a spike in value of 20% Analysts are bullish that Tradecurve can spike to 100x at launch Floki (FLOKI) Losing Holders On June 22, Floki published a 2023 roadmap update, where they went over how they will introduce native payments, a referral program, burn functionality, lock extension, and support for V3 positions liquidity providers (LPs). They also noted how the ecosystem would introduce a major DeFi lendin...

Creditors of failed cryptocurrency lending platform BlockFi are seeking liquidation of the firm’s assets, citing allegations of fraud and misconduct against the company and its CEO, Zac Prince. The unfolding financial crisis at BlockFi, a former cryptocurrency lending institution, has entered a new chapter with its creditors petitioning for the company’s liquidation. Allegations of misconduct, including “ fraud , dishonesty, incompetence or gross mismanagement,” have been directed at the company and its CEO, Zac Prince. Furthermore, it is claimed that the bankruptcy resolution process is being intentionally delayed to buy time for the senior management to negotiate legal safeguards. blockfi creditor committee not mincing words here damn pic.twitter.com/dSc48bGUf4 — Spreek (@spreekaway) June 28, 2023 Details outlined in a document lodged at the New Jersey Bankruptcy Court earlier this week, suggest that BlockFi is exploiting this delay to negotiate i...

Terra Luna Classic (LUNC): Seeking a Resurgence after Price Fluctuations Terra Luna Classic (LUNC) is a cryptocurrency that has recently experienced price fluctuations. Over the last two weeks, it’s gone up 13%, but it’s important to note that it’s been up 4.19% in the last 24 hours. LUNC’s price has dropped 53.5% since the beginning of the year, from 0.0001960 to 0.00009118. A lack of enthusiasm among the community can explain this drop. Terra Luna Classic has made some progress, though. The community decided to align its blockchain with Cosmos, another blockchain platform. A step towards LUNC’s future has sparked renewed interest in the company. As LUNC tries to recover from its collapse in May 2022, there could be more rallies. Terra Luna Classic fans believe the cryptocurrency will regain its value and experience an upward trend. LUNC’s chances of making a comeback will be interesting to observe. LUNC Altcoin Gains Momentum Amid Regulatory Un...

Michael Shaulov believes that while recent Bitcoin ETF filings could see new institutional money flow to Bitcoin, that in itself didn't drive previous price surges. While an approved BlackRock spot Bitcoin (BTC) exchange-traded fund (ETF) will funnel new institutional money to Bitcoin, it's going to be the retail investors that ultimately drive any significant price surges, according to Michael Shaulov, the CEO and co-founder of institutional custody platform Fireblocks. On June 15, investment colossus BlackRock filed for a spot Bitcoin ETF, leading to other financial firms filing their own, along with Bitcoin's price reaching its highest levels in a year. However, while many are hopeful that institutional involvement in crypto will further rocket price s, Shaulov notes that may not necessarily happen. "When institutions come in to participate in the market and they're doing it in a quiet way, they're able to do it almost without moving the price," Sha...

A citizen of Croatia and Serbia, suspected of establishing and managing the now-inoperative darknet market place Monopoly Market, has been indicted by a grand jury in the District of Columbia. 33-year-old Milomir Desnica is alleged to have operated Monopoly Market since late 2019, enabling the sale of illegal substances such as opioids, stimulants, psychedelics, and prescription medications via the platform. The indictment, filed on July 26, 2022, also accuses Desnica of laundering the proceeds from the marketplace’s operations. The marketplace was taken offline in December 2021 when law enforcement agencies in Germany and Finland seized its servers. This seizure granted investigators unrestricted access to transaction records and communications that had occurred on the platform. Following an “extensive Analysis ” of the data obtained from the servers, investigators reportedly identified Desnica as the market place administrator. They determined that between Apri...

The new rigs will add 7.6 EH/s to the firm’s self-mining capacity. However, the rigs won’t be installed until the first quarter of next year. Riot Platforms (RIOT) — one of the world's major Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners to add to its Texas facility for $162.9 million. The rigs — which were sourced from mining manufacturer MicroBT — will boost the firm’s self-mining capacity by 7.6 exahashes per second (EH/s) and comes “in advance” of Bitcoin’s next halving cycle, which is set to take place in mid-2024. Riot Purchases 7.6 EH/s of Next Generation Miners from MicroBT, Manufactured in the United States. Read more in today’s press release: https://t.co/esLToy798H — Riot Platforms, Inc. (@RiotPlatforms) June 26, 2023 Riot Platforms CEO Jason Les stated on June 26 that the deal will increase the firm’s self-mining capacity to 20.1 EH/s once the machines begin to be installed in the first quarter of 2024: “These new miners will c...

Join Our Telegram channel to stay up to date on breaking news coverage The Bank for International Settlements (BIS) revealed a trailblazing CBDC blueprint showing their use of controlled crypto technology. Using this groundbreaking blueprint, BIS is redefining the landscape of central bank digital currencies and shaping the future. Trailblazing the Future: BIS Reveals Strategic Plan for Central Bank Digital Currencies (CBDCs) BIS, which oversees central banks worldwide, shared a plan for central bank digital currencies (CBDCs). Different countries can use their blueprint to develop and implement CBDCs. IN ITS LATEST YEARLY REPORT, the BIS uses words commonly used in the blockchain and smart contract industries. Converting traditional currency into digital tokens has a lot of potentials, but it would need a unified system that’s privately controlled to work. As well as improving existing processes through the seamless integration of transactions, a unified ledger could ha...

ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures. Bitcoin (BTC) exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflow s from institutional investors. On June 26, a surge of inflow s to the ProShares Bitcoin Strategy ETF (BITO) — a Bitcoin futures fund — was observed by Bloomberg senior ETF analyst Eric Balchunas. The fund had its largest weekly inflow in a year at $65.3 million with its assets topping $1 billion. BITO was the first BTC-linked ETF in the United States and is one of the most popular among institutional investors. Balchunas claimed BITO “pretty much has tracked Bitcoin perfectly,” lagging spot prices by 1.05% annually and has a fee of 0.95%. The Bitcoin Futures ETF $BITO had its biggest weekly inflow in a year as assets top $1b again. It also traded half a billion in shares on Friday, which it's only done about 5 time...

The Monetary Authority of Singapore is moving forward in researching digital money — including central bank digital currencies (CBDCs) — and its use cases. MAS released the new white paper on digital money in partnership with the Bank of Italy, Bank of Korea and the International Monetary Fund.  The paper outlines purpose-bound money (PBM), which means money programmed to be used for a specific purpose without programming it directly. The research seeks to ensure that ”programmability does not come at the expense of digital money’s ability to serve as a medium of exchange.” PBMs have two core components: the wrapper and the store of value. The wrapper “implemented in the form of smart contract code, specifies the conditions upon which the underlying digital money can be used.”  The paper states that a PBM alone is limited to “intended purposes.” However, with the wrapper, the PBM can be programmed to release and transfer the digital currency when specific conditions are fulfilled....

Australia’s top bank by assets, Commonwealth Bank (CBA), is enhancing customer protection aimed specifically at payments to crypto exchanges. Starting Thursday, the bank will either reject or temporarily withhold specific payments made to crypto trading platforms.  CBA will also implement a monthly limit of A$10,000 ($6,664) for customer payments intended for purchasing cryptocurrencies from exchanges. James Roberts, general manager of group fraud management services at the bank, said in a statement: “With the incidences of scams increasing and in many cases customers suffering significant losses from being scammed, the introduction of 24-hour holds, declines and limits on outbound payments to cryptocurrency exchanges will help reduce both the number of scams and the amount of money lost by customers.” The move follows CBA’s announcement that it would share its NameCheck anti-scam technology with government organizations and other financial companies involved in payment processi...

The top 100 DeFi tokens broke out of a three-week-long bearish momentum amid a marketwide surge led by Bitcoin. 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 artificial intelligence (AI)-centered developments on Etherscan, Polygon’s latest security update and on-chain sleuth ZachXBT’s ongoing lawsuit supported by multiple crypto personalities. Etherscan launched an AI- power ed code reader to retrieve and interpret the source code of specific contracts, while the Polygon co-founder proposed a zero-knowledge Ethereum Virtual Machine (zkEVM) upgrade to improve the protocol’s security. Binance CEO Changpeng Zhao rallied behind ZachXBT and donated to his lawsuit fund, which has now grown to over $1 million. The community-funded effort is to help the blockchain investigator fight a defamation case brought against...

Jun 23, 2023 at 07:37 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Ripple (XRP) price is falling as it encounters fresh selling pressure at the $0.50 high. Long-term forecast for the Ripple price: bearish Before the second rejection of the recent high, the cryptocurrency asset was already trapped between the moving average lines. XRP fell to a low of $0.46 after the initial rejection at the $0.55 overhead barrier, but the bulls bought the dips. The second resistance at $0.50 hit the upside correction. As a result, XRP...

Shiba Inu, a meme coin that holds a significant position in the cryptocurrency realm, has become well-known. The team responsible for SHIB has shown dedication to its growth through various endeavors, including the implementation of the Shiba Inu Burn program. The burn rate associated with Shiba Inu has acquired a reputation for its fluctuating pattern. Certain days witness notable increases, while others experience a decline. Notwithstanding this variability, the burn rate is used to maintain consistency. However, in recent times, the burn rate has not been that impressive. Also read: Bitcoin Breaches $30,000, Surges By 11% Setting the record straight, the burn rate has spiked in the last 24 hours. According to data from Shibburn, the burn rate has soared by 6936% during this period. Source: Shibburn Shiba Inu burn numbers touch millions Shibburn data shows that 341,504,320 SHIB has been sent to dead wallets in the last 24 hours. The biggest transaction occurred 20 hours ago in a sin...

Decentralized wallet provider Atomic Wallet has left its users seeking further clarification despite releasing a comprehensive event statement . A significant exploit in June is estimated to sum up to $100 million in losses . In a blog post on June 20, Atomic Wallet provided its first major update since the June 3 exploit, claiming that no new confirmed cases have emerged following the initial reports of the hack. The company reiterated its previous assertion that less than 0.1% of app users were affected, which has been met with skepticism and criticism from many online. June 3rd event Statement. To summarise, less than 0.1% of Atomic app users have been affected. Since then, no new cases have been reported. None of the possible issues are confirmed as potentially causing massive breaches, at least in the latest app versions. Builds are verified… pic.twitter.com/YTcOFpo3M3 — Atomic – Crypto Wallet (@AtomicWallet) June 21, 2023 Atomic Wallet did not disclose the exact...

Bitcoin and other cryptocurrencies have encountered notable price fluctuations recently, influenced by various factors. Furthermore, one significant factor contributing to this volatility is the ongoing regulatory dispute involving the US Securities and Exchange Commission (SEC) and Coinbase and Binance. Additionally, this clash has had a broader impact on the cryptocurrency market as a whole. Also read: Nike’s .SWOOSH Collaborates With Fortnite to Unveil Airphoria Following a period of market turbulence, the crypto market faced additional challenges due to regulatory uncertainties in the United States. Bitcoin, which had reached a monthly high of $28,432, experienced a significant decline, reaching a low of $24,797. Additionally, this downturn had an observable effect on the entire market, as the performance of altcoins is often influenced by the movement of Bitcoin, widely regarded as the leading cryptocurrency. From a level of $27,000 two days ago, BTC has climbed its way up to $28,...

Join Our Telegram channel to stay up to date on breaking news coverage Riot Blockchain, a platform “focused on building, supporting and operating Blockchain technologies,” has purchased 1,040 Bitmain S19 Antmiers for $1.9 million. This is on top of the group’s 1,000 purchased on April 30 of this year, according to a press release from the group. Once these are all ready and deployed out, Riot claims it will be able to increase its hashrate over 80% to around 457 petahashes per second. This should take up around 16.5 megawatts of energy. Ideally, the goal here is to be more energy-efficient than Bitcoin’s previous ASIC miners. “The May 6 th purchase of 1,040 Bitmain S19 Antminers boast a hash rate of 95 TH/s and an energy efficiency of 34.5±% 5 joules per terahash (J/TH),” the release notes. As InsideBitcoins has previously reported on, Riot Blockchain was also in the news for partnering with Coinmint to “positively impact its power cos...

FIFA, the international governing body of soccer, has submitted trademark applications regarding the metaverse as part of its “WE ARE” initiative. In a display of its expanding interest in virtual reality (VR), the Federation Internationale de Football Association (FIFA) has filed for trademarks across nine additional categories. The recently revealed trademarks, shared on Twitter by intellectual property attorney Mike Kondoudis, highlight FIFA’s growing emphasis on using VR in gaming, fashion, and entertainment. #FIFA has filed 9 more Metaverse trademark applications as part of its “WE ARE” campaign. The filings claim plans for: ️ VR Gaming ️ Virtual Clothing, Footwear, Sports Great ️ Entertainment Services … and more!#FIFA #Football #Soccer #Web3 #Trademark #Metaverse #FIFA23 pic.twitter.com/ZwLxgNKXs6 — Mike Kondoudis (@KondoudisLaw) June 20, 2023 The trademark s serve to safeguard a diverse array of potential online services. They encompass ...