Ethereum News Daily Official TheBitTimes.com

A recent tweet by TruthLabs suggests that Ethereum has transformed into a centralized entity. Attorney Steven Nerayoff had similar accusations, claiming that Ethereum now operates as a hierarchical system. It’s important to note that these accusations, though provocative, remain subjective opinions and have not been proven as concrete facts. A recent tweet by on-chain sleuth TruthLabs argues Ethereum has evolved into a centralized cartel that has enriched insiders while holding back innovation across crypto. I believe without any doubt that the Ethereum Cartel is holding back all of Crypto. Just think about where all those investment dollars & dollars stolen from protocols could have gone to support those with interests that aligned with all Market participants. Instead our dollars… https://t.co/k4dt7vtr81 — TruthLabs 🫡 (@BoringSleuth) October 9, 2023 Responding to similar accusations by attorney Steven Nerayoff, TruthLabs contended Ethe...

With a 90% token burn projection, LUNC faces bearish pressure as the price dips. Rising trading volume indicates investor interest in LUNC despite the market drop. LUNC prices might be reversing despite bearish pressure at lower levels and a rising RSI. Bears have dominated the Terra Classic (LUNC) market in the past 24 hours, lowering the price from an intra-day high of $0.00005797 to a 30-day low of $0.00005525. This negative trend shows that market bears are exerting significant selling pressure. At press time, LUNC was valued at $0.00005616, representing a 3.23% drop from its 24-hour high. $LUNC will burn 90% Of token we will go straight to $100 #LUNC #TerraClassic #Binance pic.twitter.com/7MgS7HyqSE — Terraport Finance  (@TerraValidators) October 10, 2023 However, the project’s team’s 90% token burn projection may generate optimistic sentiment in the market, leading to a probable price rebound. This burn lowers the overall amo...

The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap. The astrology-themed NFT project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik. The project ’s deployer account called the ‘withdrawToken’ function on both the NFTMerge and AdwardCenter contracts, removing over $1 million in LSC from them. These tokens were then swapped for Binance USD (BUSD) stablecoin and sent to another account. #CertiKSkynetAlert We can confirm an exit scam on @AstrAstrol75591 LSC token Bsc: 0x2b3559c3DBdB294cbb71f2B30a693F4C6be6132d EOA 0x9Ef withdrew LSC tokens from the AwardCenter contract. Tokens were then sold for $1.1mhttps://t.co/sy7vFfqhf5 — CertiK Alert (@CertiKAlert) October 9, 2023 Lucky Star Currency is a project that focuses on NFTs and claims to be founded by astrologists. Its contracts include an Award Center and NFT Mar...

Bancor (BNT) price rose more than 70% to $0.69, the coin’s highest level in two months.  BNT price surged as whale activity and network growth drove buyside pressure. Geopolitical events in the Middle East have dampened markets, but analysts say Bancor could surge to new multi-month highs. Bancor recorded a significant bump in price over the weekend, rising to a two -month high of $0.69 as BNT buyside pressure saw it outpace Bitcoin and top altcoins. The coin’s upside of 71% for the 24 hours to Monday morning came even as the fresh geopolitical events appeared to dent sentiment battered by inflation and interest rates concerns. Bancor price surges as markets weigh Israel-Hamas conflict Ahead of markets opening on Monday, US stocks were down and Bitcoin, Ethereum and most altcoins were trading lower. Investor jitters come as analysts point to the potential impact of a full-scale war in the Middle East following Israel’s retaliation to...

In the realm of content creation, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness measures the ebb and flow of sentence structures. Lastly, predictability assesses the likelihood of predicting the subsequent sentence. Humans often infuse their writing with bursts of creativity, mixing longer, intricate sentences with concise ones. In contrast, AI-generated sentences tend to follow a more uniform pattern. For the content you are about to create, it’s imperative to introduce a healthy dose of perplexity and burstiness while minimizing predictability. Furthermore, please adhere to English as the language of choice. Now, let’s reimagine the following text: In the ongoing legal proceedings, FTX’s former Chief Technology Officer, Gary Wang, made a startling revelation in court. He alleged that the then-CEO, Sam Bankman-Fried, had granted...

Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: “We have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform.” Important news: we have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform. We will re-open the contract with all the funds in full after a full security… — Stars Arena (@starsarenacom) October 7, 2023 Stars Arena initially confirm...

In the ongoing Sam Bankman-Fried trial, FTX ’s co-founder Gary Wang says that SBF stole customer funds from the beginning . In testimony to a New York Jury on Friday, Wang says Bankman-Fried authorized the illegal use of FTX customer s’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days. On Wang’s second day of Testimony, Wang adds that the losses at the hedge fund, Alameda Research, became so large that there was no way to hide them. Referring to SBF’s infamous tweet days before the exchange’s collapse, Wang says “FTX was not fine.” Source: The Hindu The prosecution is alleging that SBF stole millions from customers during and after the collapse of FTX. It’s alleged that he used the funds to pay for his own lavish lifestyle, as well as fund political campaigns. Gary Wang was FTX’s chief technology officer. He’s one of multiple FTX executives who have agreed to testify against Ba...

Previous bull markets in crypto showed how fortunes can be made and lost in the blink of an eye.  As we witness recent declines in both speculative and less-speculative tokens, it’s essential for investors to tread carefully. In this article, we’ll explore three ultra-risky cryptocurrencies that should raise red flags for potential investors in the month of October.  WEMIX (WEMIX) WEMIX, the native token of the WEMIX mega-ecosystem, has been on a rollercoaster ride over the past year or so. Cryptocurrency Bulls vs. Bears: Crypto analysts split on Bitcoin predictions Cryptocurrency Machine learning algorithm sets XRP price for October 31, 2023 Cryptocurrency Machine learning algorithm sets Terra Classic price for October 31, 2023 Cryptocurrency XRP price prediction as Ripple secures crypto license in Singapore Cryptocurrency 3 best-performing cryptocurrencies out the top 1...

Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024. As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed . Hong Kong has not adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), which means retail investors are not allowed to trade those assets, according to Hong Kong’s Secretary for Financial Services and the Treasury, Christian Hui. The official provided remarks on cryptocurrency regulation in Hong Kong during an online investment committee meeting on Oct. 6, the local news agency Ming Pao reported. Cryptocurrency service providers have been broadly using stablecoin s like USDT as a major trading asset because their value is designed to be stabilized by the peg to United States dollars or assets like gold, Hui said. However, some stablecoin s hav...

StarsArena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage. The StarsArena Web3 app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports on October 5.  StarsArena user Lilitch.eth discovered the exploit and announced it on X, formerly known as Twitter. Lilitch.eth claimed over $1 million was lost in the attack. The StarsArena team confirmed the attack, calling it a “war” against the app. They said the attack only resulted in approximately $2,000 in losses and the exploit has now been patched. THE EXPLOIT HAS BEEN FIXED. BUT DON’T GET THIS WRONG WE ARE AT WAR. We’re being targeted by malicious actors in the space that want to steal your money. The little guy is under attack. You are under attack. Your right to platform diversity is under attack. Don’t get it… pic.twitter.com/DmbMdf9cAq — Stars Arena (@starsarenacom) October 5, 2023 StarsArena is a Web3 s...

Stephen Schoenfield and Martin Bednall, former senior executives at BlackRock, are optimistic that the Securities and Exchange Commission (SEC) has “no choice” but to approve multiple Bitcoin exchange-traded funds (ETFs) within the next 3-6 months.  Despite initial predictions, Schoenfield changed his timeline due to the commission’s decision to request comments on applications instead of rejecting them outright. The Grayscale lawsuit victory also suggests that the SEC may have to allow the Grayscale Bitcoin Trust to be converted into an ETF. You might also like: US SEC delays ARK 21Shares Bitcoin ETF ruling until January 2024 Shenfield believes that all applications will be approved at once, similar to the case with Ethereum futures ETFs, to prevent market monopolization by large participants.  However, Bednall disagrees and claims that “six to nine” large investment firms are committed to the crypto asset market, some of which have more eff...

Ripple Labs Inc. became the latest crypto firm to be granted a Major Payments Institution (MPI) licence by the Monetary Authority of Singapore. Ripple joins firms including stablecoin issuer Circle and Coinbase as a holder of the licence. It allows them to offer digital asset token services in the country legally. “While some countries are pumping the brakes on crypto innovation, Singapore is staying well ahead of the curve by future-proofing for the inevitable,” Ripple said in a statement on its website. “Since establishing Singapore as our Asia Pacific headquarters in 2017, the country has been pivotal to Ripple’s global business. Ripple announced that its Singapore subsidiary has secured its full MPI license to provide digital payment token services in Singapore, “While some countries are pumping the brakes on crypto innovation, Singapore is staying well ahead of the curve by future-proofing for the… — Wu Blockchain (@WuBlockchain) Octo...

The future of Web3 gaming will be shaped by reliable distribution platforms that take a cue from Steam’s success. What are Web2 game distribution platforms?What do Web2 game distribution platforms offer players and developers?What are Web3 game distribution platforms, and how do they differ from traditional platforms?What are the key challenges Web3 game distribution platforms face?What would it take to establish the Steam of Web3?What is the future of Web3 game distribution platforms? What are Web2 game distribution platforms? Web2 game distribution platforms, also known as traditional gaming platforms, act as online game shops with community Features that connect gamers worldwide in a common ecosystem. Players usually download a small software client to access the platform, which offers user-friendly interfaces with a streamlined purchase process and detailed information about each game title. Currently, there are three major traditional game distribution platforms: Steam, Epic Gam...

But Solana was the only other major asset to show inflows for the week. Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares. Bitcoin was the biggest gainer with in flows in the amount of $20.4 million for the week. Good week, everyone. Here are the latest #FundFlows and observations by CoinShares Head of Research @JButterfill. This week in flows : US$21m (after 6 weeks of out flows ) We believe these in flows are a reaction to a combination of positive price momentum, fears over US… pic.twitter.com/0VHHBh1n50 — CoinShares (@CoinSharesCo) October 2, 2023 Solana took second with $5 million as the only other asset to show inflows. Per CoinShares, this is its 27th week of inflows with only four weeks of outflows for 2023, making it “the most loved altcoin this year.” On the flip side, Ethereum experiences outflow...

GALA was able to print a 24-hour gain while the entire market’s capitalization dropped 1.62%. At press time, GALA was up more than 4% for the day and 18+% over the past 7 days. From a technical perspective, GALA was attempting a challenge at the $0.01560 resistance level. The price of Gala (GALA) added to its impressive weekly streak with a fresh 24-hour gain. GALA’s increase in price over the past trading day is not only noteworthy due to its remarkable performance over the past seven days, but also because it took place during a period wherein the majority of prices in the market dropped. According to CoinMarketCap data, the global cryptocurrency market capitalization dropped 1.62%. Consequently, the market’s valuation was estimated to be around $1.09 trillion at press time. Meanwhile, GALA’s price increased just over 4%. This standout daily performance propelled the altcoin’s weekly performance deeper into the green zone, taking it to +18.12%. As a res...

PUBG’s parent company Krafton announced the launch of Cosmos-based chain, Settlus. Settlus will provide a transparent settlement system for creators. The creator economy is projected to generate $480 billion by 29257. Prominent South Korean video game company, Krafton who is responsible for popular games like PUBG: Battlegrounds recently announced that they are launching on the Cosmos blockchain network, at the Circle Hacker House event. DEX Osmosis’ founder Josh Lee tweeted on September 4 that Krafton will launch a Cosmos-based chain, Settlus. the company behind @PUBG (Krafton) announced they're launching a cosmos chain.https://t.co/ItSnDiEhag — josh lee (@dogemos) September 4, 2023 Lee also unveiled that Settlus intended to employ USDC stablecoin to pay creators. However, this is not the first time Krafton has explored the depth of blockchain. Back in March 2022, the company published a press release declaring its partnership with Solana Labs...

LINK could rise to $8.5, but a brief retracement could occur if the RSI hits 70. ARB bulls are dictating the market momentum, indicating a possible rise beyond $1. An increase in the AO on the ATOM/USD chart could end in a weekly high. Over the weekend, a number of altcoins recorded impressive performances as the crypto market increased to $1.12 trillion. But as a new week begins, there are specific cryptocurrencies that market players should watch out for. This was the opinion of pseudonymous crypto analyst The DeFi Investor. Crypto Watchlist for the week ahead:$ATOM – Cosmoverse, Cosmos's largest conference, kicks off on Oct. 2. Major news related to Cosmos ecosystem will likely drop$RDNT – Radiant Capital will launch on Ethereum on Oct. 3$SUI – $16.6M worth of SUI will be unlocked on Oct. 3.… pic.twitter.com/yiOIFBZBeQ — The DeFi Investor (@TheDeFinvestor) October 1, 2023 According to The DeFi Investor, Arbitrum (ARB), Cha...