Ethereum News Daily Official TheBitTimes.com

Entering the new year, Ripple’s XRP is positioned uniquely within the cryptocurrency market. The digital asset has shown limited growth since the mid-November crash, resulting in a 19% decrease in its value. Despite the introduction of a new XRP trading pair on Binance Spot, external influences have not provided the necessary boost to propel Ripple forward. It is crucial to acknowledge, however, that XRP has not remained entirely stagnant, boasting an 80% surge over the past year. As of the current moment, XRP is traded at $0.641082, reflecting a 3.5% daily increase. The burning question for investors is how high XRP can climb in January 2024, taking into account the prevailing market conditions and the trajectory it followed throughout 2023. XRP in 2023 Reflecting on 2023, technical Analysis offers insights into the price range of XRP. The minimum cost stood at $0.630, with the expected maximum level reaching $0.688. Throughout the year, the average trading price was estimat...

Big banks’ influx into the stablecoin market could spell an end for stablecoin issuers. Stablecoin issuers like Tether rely on banks for custody of their funds and business. Arthur Hayes says the reliance on the banks is what makes a takeover very probable.  In a recent interview with renowned cryptocurrency journalist Laura Shin, Arthur Hayes, co-founder of BitMEX and CIO at Maelstromfund, stated that an influx of big banks like JP Morgan into the stablecoin market could spell an early demise for centralized stablecoin issuers.  Amidst the anticipated traditional companies’ influx into crypto, Hayes stated that banks will start looking into issuing stablecoins themselves. The founder said stablecoin issuers like Tether currently back their assets with treasury bills and deposits to ensure 1:1 parity with the US dollar.  To do so, the issuers rely on banks to take their deposits and allow them to trade debit instruments. Ultimately, Hayes ...

The Bitcoin price remains within a defined trading range, whereas specific alternative cryptocurrencies recently experienced significant increases and are now witnessing investors booking profits. Bitcoin has managed to maintain its gains for the year so far; however, it is facing a formidable challenge in surpassing its peak from 17 months ago, which stood at $44,700 and was reached earlier this month. This situation suggests that market participants are exercising caution and refraining from aggressive buying ahead of the decision regarding spot Bitcoin exchange-traded fund (ETF) applications expected in January. The outcome of these ETF approvals remains uncertain, and predicting how traders will react is complex. If one or more spot Bitcoin ETFs receive approval, the market’s response is uncertain; it could lead to a “sell the news” scenario if there isn’t strong demand for the ETFs after approval. Conversely, a substantial influx of funds in...

FTX Exchange bankruptcy and customer claims turmoil. FTT’s price rollercoaster: bullish momentum, bearish setbacks, technical signals. Pullix emerges as a DeFi alternative: PLX token’s Trade-to-Earn model. A recent court filing has revealed that FTX is seeking approval to repay customer claims in US dollars, sparking debates among creditors. Meanwhile, FTT’s unpredictable journey adds intrigue to the bankrupt crypto exchange. Amid this chaos, a hybrid cryptocurrency exchange Pullix is attracting crypto enthusiasts with its ongoing PLX token presale. FTX Token’s rollercoaster ride The FTX Token (FTT) has embarked on a rollercoaster ride in recent months, characterized by volatility and uncertainty. After a brief consolidation phase, the token showcased resilience by breaking out of its range, resulting in a notable 60% surge. However, the bullish momentum faced a setback as the price encountered resistance at $6 and succumbed to a bea...

According to on-chain data, a crypto wallet associated with the former U.S. president has transferred millions of dollars worth of Ethereum to Coinbase. An Ethereum wallet, which has been accumulating royalties from Donald Trump‘s NFT collection for months, has started moving the funds to the centralized crypto exchange. According to Arkham Intelligence, the wallet has transferred 1,075 ETH (around $2.4 million at the time of the transaction) to Coinbase. Looks like Donald Trump is selling his ETH. 3 weeks ago he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million. Based on the deposits, so far he's sold 1,075 ETH for $2.4 million. pic.twitter.com/JZzA3cS2je — Arkham (@ArkhamIntel) December 27, 2023 While the purpose behind transferring the funds to Coinbase remains unclear, data suggests that the Trump-associated wallet still holds multiple cryptocurrencies valued at over $2.2 million. You might a...

South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI. Pullix disrupts crypto exchange norms: PLX token presale, hybrid approach, and unique incentives. Governmental transparency and crypto innovation converge, shaping the future of finance. In a groundbreaking move, South Korea’s Ministry of Personnel Management announces plans to launch an integrated asset disclosure service for public officials, ensuring unprecedented transparency starting next year. Simultaneously, the crypto space witnesses Pullix’s assertive foray with an ongoing PLX token presale, challenging conventional trading norms. South Korea’s push for transparency South Korea is poised to revolutionize transparency in public service with an upcoming integrated asset disclosure service. In a press release, the Ministry of Personnel Management, under Director Kim Seung-ho, revealed that around 5,800 public officials will disclose details ...

Shiba Inu (SHIB), often positioned as the purported Dogecoin competitor, recently gained significant attention in the crypto currency market due to a surge in whale activity. This occurrence has fueled extensive speculation within the crypto community regarding the future trajectory of the token. Current Status of the Market As of the most recent update, Shiba Inu’s price has experienced a modest 1.17% decline in the past 24 hours. It is currently standing at $0.00001067. Despite this short-term decrease, the token has displayed resilience, boasting a weekly increase of 1.58% and a monthly surge of 27.23%. However, the trading volume witnessed a 7.06% decrease over the past day, settling at $184.11 million. Also Read: Shiba Inu Forecasted To Reach 1 Cent, Here’s When Predictions for January 2024 Cryptocurrency experts have shared their forecasts for Shiba Inu’s price in January 2024. Projections indicate a potential minimum trading cost of $0.00000950 during thi...

Crypto platform Telcoin has seemingly experienced a significant security breach, resulting in the apparent theft of millions of TEL tokens. Although the nature of the exploit remains unclear, hackers have managed to withdraw millions of TEL tokens, nosediving the token’s price by 40% to $0.0013, according to CoinGecko data. In an X post on Dec. 26, Telcoin confirmed issues with its Telcoin App, without elaborating on the matter. We are aware of the situation with the Telcoin App. We have temporarily frozen use of the app while we look into the issue, and will provide an update as soon as we can. — Telcoin (@telcoin) December 25, 2023 In response to the incident, the company has temporarily suspended the app’s usage to conduct a thorough investigation. The project’s team reassured users that they are working on resolving the issue, promising to provide updates as soon as possible. You might also like: Major crypto hacks of 2023: how industry lost ov...

Chinese virtual bank ZA Bank has revealed plans to offer crypto trading services with fiat currencies to retail customers. In an interview with the Hong Kong Economic Journal, ZA Bank CEO Ronald Iu said the Hong Kong-based company eventually plans to start offering crypto trading services with fiat via its mobile application ZA Bank App, although he did not provide a timetable. The ZA Bank CEO noted that the company is set to double down on web3, as the virtual bank has already provided commercial banking services to over 80 crypto firms, including OKX’s branch in Hong Kong. In addition to OKX, ZA Bank is also a banking partner for local licensed virtual asset trading platforms HashKey and OSL. Since its inception in 2020, ZA Bank has undergone an expansion of its customer base, reaching a milestone where one in ten adults in Hong Kong now owns a ZA Card. Ronald Iu also said that as of the end of June, customer deposits have surpassed 10 billion yuan (~$1.4 billion), marki...

Yellow Card Exchange plans to apply for a license in Nigeria to expand its crypto services to the country. The exchange’s move follows the CBN’s decision to lift its ban on crypto trading. Though the platform previously intended to launch an exchange in Nigeria, the country’s stringent rules restricted them. Yellow Card, Africa’s largest centralized crypto exchange, has announced its plans to apply for a license in Nigeria following the Central Bank of Nigeria’s (CBN) strategic move to lift the crypto ban. Though the platform had previously sought support from Nigeria’s Securities and Exchange Commission (SEC), the stringent regulatory conditions of the country restricted Yellow Card from launching a crypto exchange in Nigeria. In an interview with Bloomberg, Ogochukwu Umeokafor, Yellow Card’s Director of Product Management, commented on the company’s preference for a “regulated environment.” The Director cited, “You’ve waited for something and it h...

A Studio in Distress An update regarding Insomniac and Marvel's #WolverinePS5. pic.twitter.com/CMkCCoZwwj — Insomniac Games (@insomniacgames) December 22, 2023 In the aftermath of a devastating cyberattack, Insomniac Games opens up about the emotional toll on its dedicated development team. Over a week after the breach came to light, Insomniac Games finally broke its silence and issued a public statement addressing the attack. The studio expressed deep sadness and anger over the incident, emphasising its emotional toll on their dedicated development team. In the age of digital interconnectedness, such attacks do not disrupt business operations and impact the lives of those working tirelessly behind the scenes. Data Exposed and the Resilience of ‘Marvel’s Wolverine’ Amid the breach’s fallout, sensitive data is laid bare, but Insomniac Games remains steadfast in its commitment to its fans and the gaming community. ...

FixedFloat celebrates its fifth year with a record-breaking 1.5 million trades. FixedFloat expanded crypto pairings, redesigned its platform, and hosted European community events. Gearing up for the future, FixedFloat announces a mobile app launch in 2024. FixedFloat, a leading non-custodial automated exchanger, has released a report capturing its accomplishments, expansion, and active community involvement for 2023 as it clocks its fifth year in the crypto exchange business. Commemorating its fifth anniversary, FixedFloat reflected on the remarkable milestones it attained in 2023. According to the report, FixedFloat processed over 1,500,000 exchanges from over 100,000 loyal customers this year. Additionally, it highlighted that FixedFloat responded to user preferences by expanding its list of available pairs. Notable additions in 2023 include VeChain (VET), Toncoin (TON), KuCoin Token (KCS), Tether (USDT), Arbitrum (ARB), and USDC Arbitrum. Meanwhile...

Victoria, Seychelles, December 22nd, 2023, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the listing of Bitcoin Cats (1CAT) the GameFi platform for the BTC Ecosystem. The BRC20 Ordinals-based ecosystem is listed in the Bitcoin ecosystem Innovation zone through which users can trade the token on Bitget. Spot Grid Trading will go live within 24 hours after the listing. As a Bitcoin-based GameFi platform, BitcoinCats maps through the Bitcoin Assets (BRC20, Ordinals NFT, and others) to Ethereum (and other Layer2) networks. BitcoinCats brings a newer element to the Bitcoin Assets and expands it to Play2Earn, Staking, Farmland, SocialFi, and many others. As the next-gen gaming ecosystem across Bitcoin and EVM networks, BitcoinCats combines both crypto communities. The native token of BitcoinCats ecosystem 1CAT was originally inscribed on Bitcoin and part of it is bridged/wrapped to Ethereum to benefit from the well-...

On December 21, io.net, an AI innovation company, announced the successful launch of the BC8.AI platform .  In the weeks since its inception, the platform has executed over 10,000 inferences and facilitated 50,000 on-chain transactions, showcasing its strong performance and broad user participation. BC8.AI demonstrates the comprehensive capabilities of io.net’s advanced AI computing platform , from data aggregation to model deployment and inference, io.net powers BC8.AI’s model end-to-end. The BC8.AI enables users to generate photorealistic images with ease. Users can create pictures based on prompts, upload their own, and specify negative prompts to avoid, all while having the option to view a detailed demo on YouTube. The extent of BC8.AI capabilities Cryptocurrency ChatGPT predicts Litecoin price for the start of 2024 Cryptocurrency 70% of Americans want a President knowledgeable about crypto Cryptocurrency ...

The U.S. Court of Appeals has approved a confiscation order for cryptocurrencies associated with the darknet platform Silk Road. The resolution was adopted on Dec. 20. The court approved the confiscation of 69,370 Bitcoins (BTC) and other cryptocurrencies as part of the Silk Road case. The defendants include Silk Road founder Ross Ulbricht and the U.S. government as plaintiffs. Even though the decision was made in August, it will only come into force after the U.S. Court of Appeals ruling. According to the initial complaint, the U.S. government controlled the cryptocurrency after it was transferred by so-called “Individual X,” who hacked Silk Road and gained control of its funds. You might also like: 10 high-profile crypto fraud cases that aren’t Bankman-Fried’s In 2020, the U.S. Department of Justice seized and began seeking formal confiscation of the cryptocurrency, valued at more than $1 billion (more than $3 billion at current rates). Ulbricht was taken into custody o...

Amid positive sentiments from the Federal Reserve regarding interest rate cuts, the gold price is set to surpass $2050 , with experts expecting no downward correction in sight. Indeed, the metal has seen increased volatility since its all-time high in early December. However, it could be poised for a continued upswing into the new year. Currently, the gold price is trading at $2038, up more than 0.5% over the last 24 hours. However, some forecasters believe the asset could reach last week’s high of $2048. Subsequently, it is set to face a key resistance level at that price, with support emerging at $2027. Also Read: Gold Price Predicted To Hit $2,150, Here’s When Gold Price Approaching $2050 With No Reverse Correction Impending The entire gold market has seen massive developments this month, despite growing instability in price. Indeed, on December 4th, the asset reached a new all-time high of $2150. Moreover, the metal had not reached similar levels since 2020, mark...

Bitcoin’s market capitalization has experienced substantial growth in 2023, rising from $320 billion to $827 billion, an increase of $500 billion for BTC holders , Matrixport says. In a recent report by Matrixport, the Singapore-headquartered crypto investment firm argues that significant attention should be given to the pivotal role of U.S. inflation as a critical variable in the accumulation of Bitcoin wealth . Over the last year, official inflation in the US has decreased from 8% to 3.1%, with analysts expecting a further decline to 2% in 2024. Despite the Federal Reserve indicating a reduction in interest rates in 2024, analysts project that the gap between Fed Funds rates and the Consumer Price Index (CPI) will likely remain constant, leading to the accumulation of further Bitcoin wealth . “While the Fed has guided the market in cutting interest rates by 75 basis points in 2024, the gap between Fed Funds rates and CPI is significantly wider, notably 220 basis poin...

Pix is a digital payment system from Brazil’s Central Bank that offers fast, anytime money transfers as a low-cost alternative to traditional methods. The digital payment system emerged in Brazil in mid-November 2020, allowing individuals and businesses to transfer money between accounts within seconds, 24 hours per day, 365 days a year. Developed by the Central Bank of Brazil, Pix is being promoted as an instant, convenient, and low-cost payment method compared to legacy options. The Pix platform links bank account information to registered “keys” — typically phone numbers, emails, or ID numbers. To make transfers, users provide a recipient’s key instead of account details, allowing money to move almost instantly without disclosing sensitive information. Proponents highlight Pix’s ease of use and real-time settlement as major advances. However, the long-term impacts on banking, commerce, and consumers remain uncertain. You might also like: Norway’s central bank advanc...

Before creating the popular meme-inspired cryptocurrency Dogecoin, Billy Markus first developed an experimental digital token in 2013 called BELLS. However, this predecessor to Dogecoin was quickly abandoned after Markus launched Dogecoin just days later. DOGE would rapidly attract a large following. Now, nine years later, a small group has miraculously revived the long-dormant cryptocurrency network. On December 5th, 2023, Dogecoin celebrated its 10th birthday. Inspired by this milestone, Adam McBride, an avid Dogecoin supporter, came across Markus’ 2013 Bitcoin Talk forum post announcing a new cryptocurrency. That project was BELLS. Before Dogecoin, its founder – @BillyM2k – had another project. A coin and its blockchain abandoned since 2014. Until now 🧵⤵️ pic.twitter.com/8mHthKvWO6 — Adam McBride (@adamamcbride) December 13, 2023 Intrigued, McBride reached out to his friend and “uber dev” Luke Wright to investiga...