Ethereum News Daily Official TheBitTimes.com

Following Bitcoin’s (BTC) sell-off earlier in the week, the flagship cryptocurrency is seemingly struggling to break past the $60,000 mark. Notably, there is growing concern regarding the asset’s price trajectory, with an analyst forecasting more challenging times ahead if Bitcoin continues to hover around its current levels. In this context, analyst Ali Martinez warned in an X post on August 31 that the Bitcoin community should be wary of a possible long-term bear market. Picks for you Is the Gold standard coming back? 17 mins ago 2 cryptocurrencies to reach a $5 billion market cap in September 2 hours ago Ripple to unlock 1 bi...

Bitcoin is now a big part of El Salvador’s money plan. The country took a chance on crypto, and it worked. They turned $135 million into $400 million. This El Salvador crypto success story has everyone watching. People wonder if other countries will do the same. Also Read: Ripple: XRP’s $0.64 Target in Sight as Japanese Banks Join the Fray El Salvador Crypto Success: From $135M to $400M in Bitcoin Investment President Bukele’s View on Bitcoin Use President Nayib Bukele talked about El Salvador’s Bitcoin journey. He said fewer people are using it than he hoped. But he pointed out that big businesses now take Bitcoin. This includes places like McDonald’s, grocery stores, and hotels. How It Affects Money and What the Government is Doing El Salvador’s government keeps buying Bitcoin. They buy about one Bitcoin every day. This plan is working well for them. Their first $135 million investment is now worth $400 million. This shows El Salvador’s crypto succe...

The DOGS price dropped 15% in the last 24 hours to trade at $0.001288 as of 3.30 a.m. EST on trading volume that plummeted 64% to $737.6 million. On a weekly basis, the token corrected by over 19%. The DOGS token is closely connected to the Telegram community, as it was created as a community-driven initiative on the TON Blockchain and was designed to leverage Telegram’s massive user base and native meme culture. Its price has recently been strongly influenced by fundamental factors, specifically the fact that Pavel Durov, the founder of Telegram, was both arrested and released within a single week. Durov was arrested shortly after landing in France, due to his connection to Telegram, which was enough to make the French authorities hold him responsible, at least in part, for enabling criminals to share illegal content and organize operations using his privacy-enabled messaging app. The rally in support of Pavel Durov, who was detained in Paris, is ongoing in Moscow. Protester...

The price of Ripple’s XRP has taken several hits throughout this week. The asset dropped to a low of $0.506 following a weekly decline of 4.43%. XRP was trading at $0.575 at press time with no major fluctuations over the last 24 hours. Also Read: FLOKI: Double-Bottom Pattern – Next Big Investment with 20% Surge? XRP’s Performance and Future Predictions Source Yearly Performance Review Looking back at the year, XRP comparatively had a slow 12 months. The altcoin saw an 11.28% growth in the past year. XRP’s counterparts were seen hitting new highs and making immense progress. Despite this sluggish start, the altcoin could close the year better. Also Read: BRICS Countries Dominate List of Top 10 Fastest-Growing Economies How High Can XRP Surge By the End of 2024? A panel of 29 fintech experts from Finder provided their predictions for the price of XRP in the future. They estimate that it will average $0.66 by the end of 2024. However, certain panel members were overly opt...

The Toncoin price surged 5% in the last 24 hours to trade at $5.60 as of 5.10 a.m. EST on trading volume that soared 101% to $1.36 billion. The TON price’s 5% surge is part of a recovery from a drop seen on August 24. This was when the news emerged that Telegram founder, Pavel Durov, was arrested by the French authorities for his ties to Telegram. The French authorities held him accountable for enabling various illegal activities that criminals are organizing through the Telegram app. For example, they alleged Durov was complicit in money laundering, helping spread child pornography, refusing to communicate to authorities, and other illegal activities. Since then, the French authorities have been heavily criticized by Durov’s defenders for taking him into custody, claiming that the move represents an attack on freedom of expression. Since then, Durov has been charged and released after paying 5 million EUR-large bail, and while he is not allowed to leave the country, his ...

UK police issued the country’s first-ever crypto ATM indictment after accusing a man from London of operating an illegal machine and laundering £300,000 ($395,000). Habibur Rahman was charged on Wednesday over a year after he was arrested in April 2023. UK police seized various crypto ATMs from the 37-year-old who ran a mobile phone shop in Chatham, Kent. Rahman is accused of laundering the hundreds of thousands of pounds by converting it into crypto.   The UK’s Finacial Conduct Authority (FCA) issued a crypto ATM ban in 2022, warning machine holders they must be registered with the FCA . The regulator subsequently launched a crackdown on unregistered crypto ATMs. By July 2023, Blockworks had reported, using data from CoinATM radar, that there were fewer than 10 crypto ATMs left in the country. Now CoinATM Radar estimates that there are no longer any of the machines in the UK. FCA tackles ‘operational backlog’ with 100 crypto staff Read more: FCA too slow on crypto enforc...

Multi-Year Partnership Will Showcase Floki’s Valhalla Game Across University of Miami Athletics MIAMI, Fla. (August 27, 2024) – Cryptocurrency organization, Floki, has announced a partnership with University of Miami Athletics. Floki is proud to announce that Valhalla, a groundbreaking MMORPG (Massively Multiplayer Online Role-Playing Game), will be at the forefront of a high-profile, multi-year partnership with the University of Miami Athletics Department. This groundbreaking partnership will see Floki and Valhalla messaging prominently displayed across University of MiamiAthletics.   “We are very excited for this partnership with Floki” said Hurricane Global Partnerships Senior Vice President Chris Maragno. “They share in our commitment to excellence and our continual efforts to elevate the Miami Hurricanes fan experience, and we look forward to bringing this partnership to life.”  The multi-year agreement will showcase Floki...

A recent Wall Street Journal report revealed that German billionaire Christian Angermayer has been connecting Tether to various investment opportunities, including his portfolio companies Northern Data and Blackrock Neurotech. Angermayer takes a fee from firms to introduce them to various investors. Additionally, he makes investments through a variety of entities underneath Apeiron Investment Group, his family office. These entities include Elevat3, which partners with Peter Thiel’s Founder’s Fund, Presight Capital, Apeiron Partners, re.Mind, Cryptology (which he co-founded with Mike Novogratz), and Limestone Capital.  Overlaps with Tether Angermayer owned a stake in Northern Data through Apeiron Investment Group. Northern Data has been accused by former executives of stock manipulation schemes.  He was reportedly paid a 5% fee for transactions that followed from introducing Tether to Northern Data.  Tether and Angermayer are also linked through Angermayer’...

Hex cryptocurrency has fallen victim to the famous quote, “And if you gaze long enough into an abyss, the abyss will gaze back into you.” The Hex cryptocurrency was the most talked about token between 2020 and 2022, attracting investors from around the globe. Its founder, Richard Heart, was a dynamic personality who flexed his wealth on social media at every opportunity. Also Read: Top 2 Cryptocurrencies To Watch in September 2024 The Rise and Fall of Hex Cryptocurrency Source: Pixabay From fancy sports cars to expensive Rolex watches and Louis Vuitton outfits, the founder lived a larger-than-life personality. However, the U.S. Securities and Exchange Commission (SEC) sued him for “misappropriating millions,” and things went downhill from there . For the uninitiated, Hex was the only cryptocurrency that doubled in price every 48 days between August 2020 and September 2021. The surge was phenomenal, making the token bullish and the most sought-after asset in th...

Authorities in France have arrested Pavel Durov, the founder of Telegram and Russia’s largest social network, VK. Last week, he was in Azerbaijan at the same time as Vladimir Putin. Around the world, hundreds of millions of Telegram users are suddenly questioning a fundamental promise of Pavel Durov: “All chats are secure.” As of May 2020, Telegram claimed that Durov was the sole financier of its messenger. The application boasts between 700 and 950 million monthly active users. Since 2017, he has repeatedly assured his fans, “Everything is secure.” However, many cybersecurity experts have questioned this characterization. Although Telegram’s end-to-end encrypted “Secret Chats” are widely regarded as a truly secure messenger between two devices, there are vulnerabilities in Telegram’s group and standard chats – dwarfing the popularity of Secret Chats by orders of magnitude. In Telegram, end-to-end encryption is optional . Creating a Secret Chat requires several extra steps and do...

XRP, Ripple’s cryptocurrency, will star in a new crypto documentary. The film will explore Ripple’s journey and its SEC lawsuit. It may impact the broader crypto market. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market We are excited to announce that we are targeting the release of XRP unleashed for this November! We’ve taken matters into our own hands and are pursuing self distribution. This means the documentary will be available on a few platforms like Apple TV and Amazon without their… — Fruition Productions (@Fruition_Films) August 25, 2024 Crypto Documentary Explores Ripple’s Journey and SEC Battle Fruition Production’s XRP Documentary XRP Unleashed New Docuseries Coming Soon Take a journey into the future of crypto. Learn from experts in the space on the turning tide of Ripple's XRP. @bgarlinghouse @JoelKatz @chrislarsensf @JohnEDeaton1 @StevenNerayoff @Coachjv_ @jvallee2000 @mollyelmore22 @ZachRector7… pic.twitter.com/7a5D5eRyqp...

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