Press Releases Daily News TheBitTimes.com

The White House pressed sanctions against Russia in February 2022 for its role in invading and waging war against its neighboring country Ukraine. The Russian economy came to a standstill as it struggled to conduct business with other countries without the US dollar. However, BRICS came to the rescue of Russia, as the alliance kick-started the de-dollarization initiative and began using local currencies for crude oil payments sidelining the US dollar. Also Read: BRICS : 15 Countries to Ditch US Dollar for Oil Trade? BRICS members China, India, Saudi Arabia, and the UAE, among others, paid the Chinese Yuan for Russian oil and not the US dollar. Russia is now exporting crude oil to BRICS and other developing countries without accepting the US dollar as payment. The majority of the cross-border transactions are settled in local currencies like the Chinese Yuan and Ruble. Additionally, Saudi Arabia procured cheap Russia n Oil and also laundered it throughout Europe. Russia n cr...

Robinhood announced that it plans to launch its platform in the UK. The Robinhood UK platform will offer 6,000 U.S. stocks that people can choose from. UK residents are encouraged to join a waitlist that will inform them in advance when the platform is officially launched. The online trading and investment platform Robinhood shared on its official X page today that it will be making its way to the United Kingdom (UK) in early 2024. This will be the company’s third attempt to expand its business internationally. Robinhood is making its way to the with @Robinhood_UK! UK residents: Join the waitlist and get set for around the clock access to US stocks and 5% interest rates on cash — protected up to $2.25M https://t.co/7ycKF12k5Q All investment involves risk, including loss of principal pic.twitter.com/hPLSNmixQm — Robinhood (@RobinhoodApp) November 30, 2023 One of the standout Features of Robinhood’s UK platform is the fact that users will be able t...

Swiss asset manager Pando Asset seeks SEC approval for a spot Bitcoin ETF, a step towards integrating crypto into mainstream finance. Swiss asset manager Pando Asset has filed for approval of a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). The proposed Pando Asset Spot Bitcoin Trust, if approved, would be listed on the Cboe BZX Exchange, leveraging Coinbase as its custodian. The trust plans to use the CME’s CF Bitcoin Reference Rate for Bitcoin (BTC) pricing. JUST IN: Pando Asset AG officially files for spot #Bitcoin ETF with the SEC. pic.twitter.com/uq9z10c4Xn — Bitcoin Magazine (@BitcoinMagazine) November 29, 2023 Pando’s move aligns with its current offerings in Europe, where it provides exchange-traded products tracking major cryptocurrencies on the SIX Swiss Exchange. This expansion suggests a strategic move to cater to a broader range of investors globally, especially in the cryptocurrency market. However, the SEC has historically ...

ScapesMania :  Innovatively positioned for growth in the crypto market. Ripple (XRP):  Resilient despite legal challenges, with fluctuating market performance. Cardano (ADA): At a pivotal point, with potential for significant price movements based on market trends. The cryptocurrency market has pulled back from recent highs, but overall sentiment remains bullish. Bitcoin and major cryptocurrencies like Ether show resilience, with Bitcoin experiencing a 30% rally since early October.  This surge is attributed to the anticipation of a spot BTC Exchange-Traded Fund (ETF) approval and a favorable macroeconomic backdrop. Technical indicators suggest a positive outlook, with predictions of Bitcoin breaking out above $38,000 and testing the $42,000 level if momentum continues. This bullish trend extends beyond Bitcoin, presenting opportunities for altcoins such as Ripple ( XRP ), Cardano ( ADA ), and the innovative project ScapesMania . While Ripple...

CoinShares reports that $346 million was injected into the digital asset market last week. Bitcoin had the lionshare by attracting $312 million in investments, according to the report. The report noted that Ethereum’s $34 million weekly inflow brought its monthly inflow to $103 million. A recent CoinShares report showed that $346 million was injected into the digital asset market last week in investment products. With that amount, it became the highest weekly inflow into the crypto market since the bull run of late 2021. Source: CoinShares Of the recorded weekly inflows into the digital assets market, CoinShares reported that Bitcoin had the lionshare by attracting $312 million in investments, bringing the flagship crypto’s year-to-date inflows to just over $1.5 billion. Ethereum, the largest altcoin by market capitalization, attracted $34 million in investments. This week’s inflow brings Ethereum’s 4-week investment inflow to $103 million, nearly overturn...

As if news of Binance‘s former CEO Changpeng Zhao resigning and facing criminal charges wasn’t enough, football superstar Cristiano Ronaldo is being sued in Florida for advertising this platform. According to the lawsuit , Michael Sizemore, Mikey Vongdara, and Gordon Lewis allege they experienced financial losses due to Ronaldo’s promotion of the exchange. The platform is accused of failing to implement adequate anti-money laundering measures. Additionally, the exchange is currently facing a demand from US authorities to pay $4.3 billion in settlements. Charges consist of “ promotion , assisting, and/or actively participating in the offer and sale of unregistered securities in coordination with Binance.“ Partnership between Ronaldo and Binance In 2022, the football player established a long-term collaboration with the exchange. Under the partnership, Ronaldo was to endorse a set of his non-fungible tokens (NFT). Cryptocurrency Bybit reaches 20 million ac...

The surge in adoption of Dogecoin (DOGE), the well-known humorous cryptocurrency, persists, marked by the number of crypto addresses holding DOGE exceeding 5 million for the first time. This growth, witnessed two years post the initiation of the COVID-19 pandemic, suggests an enduring interest in less serious digital assets. Nevertheless, despite a substantial increase in active addresses and confirmed transactions within the DOGE network, concerns linger regarding the concentration of ownership within the DOGE ecosystem. Elevated Metrics and Ongoing Concerns Data provided by on-chain analytics firm IntoTheBlock indicates a significant rise in DOGE adoption, with the number of addresses holding the cryptocurrency surpassing 5 million. The count of active addresses has more than doubled, reaching 168,000, the highest since March 2022. Additionally, confirmed transactions on the Dogecoin blockchain have surged, registering a remarkable 1,000% increase in the past 10 days, reaching l...

Canaan reports significant mining loss in Q3 2023 but reflects a resilient year-on-year performance. Bitcoin mining solution provider Canaan has reported a total revenue of $33.3 million and a net loss of $80.1 million for Q3 2023. The revenue , primarily from the sale of 3.8 million Thash per second of computing power, represents a year-over-year increase of 8.6% despite a decrease from previous quarters. .@canaanio Reports 48% Decline in Q3 #Bitcoin Miner Sales$CAN #BitcoinMining https://t.co/GSmM25fn0D — TheMinerMag (@TheMinerMag_) November 28, 2023 You might also like: Bitcoin advocates cite BTC mining as key tool for clean energy and grid balance A significant development in the quarter was the launch and pre-sales of the new A14 product series, characterized by high computing power and energy efficiency. This release has been well received, indicating growing customer interest. However, the company faced increased pricing competition. Canaan also obtained ...

The founder of the Bitcoin S2F model claimed “ETFs like BlackRock” are adopting a front-loading strategy for BTC acquisition.  The founder argued that institutional investors acquire BTC indirectly from miners rather than through exchanges. The turnout has supposedly led Bitcoin’s mining difficulty to an all-time high. Recently, the creator of the Bitcoin Stock-to-Flow (S2F) model, known by the X username “PlanB,” shared insights into Bitcoin’s surging mining hash rate, arguing the involvement of significant asset managers like BlackRock. According to PlanB, financial institutions seeking Bitcoin exchange-traded funds (ETFs), such as BlackRock, are adopting a front-loading acquisition strategy. He claimed these institutional investors opt to accumulate BTC indirectly through miners instead of purchasing the crypto directly on exchanges. PlanB argued that acquiring Bitcoin directly on exchanges could significantly impact its price. On...

The recent PEPE crash has prompted panic among investors and developers. This once-soaring meme cryptocurrency, lauded for its 10,000% surge and remarkable feat of hitting a $1 billion market cap in a mere three weeks, is now in a downward spiral. Unfortunately, PEPE has plunged by approximately 80% from its all-time high (ATH) of $0.00000431, reached on May 5th. As jittery PEPE investors clutch their frog-themed plushies, a glimmer of hope emerges on the horizon. Savvy traders are shifting their attention toward promising alternatives, including the successful presale project Wall Street Memes (WSM) and the up-and-coming Slayboy Token (SLAY) . Pepe Coin in Turmoil as Developers Dump Over 16 Million Tokens The Pepe Coin market cap and overall performance find themselves in a state of unrest as its value nosedives amid a potential PEPE crash. This once high-flying meme cryptocurrency has astounded the crypto world with a jaw-dropping 100x crypto ascent and 10,000% rally in April...

A new alternative to the popular artificial intelligence (AI) chatbot ChatGPT has just been deployed on the Cardano ( ADA ) blockchain. The team behind the Cardano GPT project, which builds blockchain-focused AI products, says the first internet-enabled generative chatbot called Girolamo is now in the beta phase.  The AI is named after Italian polymath Girolamo Cardano, one of the most influential mathematicians during the Renaissance.  “We are incredibly excited to announce that Girolamo, our state-of-the-art AI-powered general knowledge chatbot, has officially entered its beta phase and is now live for testing! This marks a significant milestone in our journey to position ourselves on the front line of AI revolution.” Cardano GPT says Girolamo can generate content and images as well as provide answers to questions spanning industries, though the information given may not be 100% accurate yet since the AI is still under development. “Our team has worked tirele...

Crypto analyst ‘The DeFi Investor’ dropped its weekly watchlist, highlighting launches, halvings, and more! LINK, ATOM, DYDX, FXS, SUI, VRTX, and EMP are the purportedly ‘must-watch’ tokens this week. Notably, ATOM’s halving proposal has been approved, while FXS’ halving event will transpire on December 20. Cryptocurrency analyst ‘The DeFi Investor’ shared in an X post on Sunday what to expect in the world of decentralized finance and crypto. The analyst hinted at a busy week for crypto assets, protocols, or platforms such as Chainlink, Cosmos, dYdX, Frax, Sui, Vertex, and Empyreal. Crypto Watchlist for the week ahead:$LINK – Chainlink Staking v0.2 will go live on Nov. 28$ATOM – ATOM Halving proposal was approved + other token upgrade proposals will be made soon$DYDX – $524M worth of DYDX will be unlocked for investors & team on Nov. 28. Yet those… pic.twitter.com/Qv6gtKjdrq — The DeFi Investor (@TheDeFinvestor) November 26, 2023 ...

Ripple's triumphant stand against the SEC reignited the crypto flame following a chilly season. Yet, by September 2023, the market touched a low, with volumes across spot and derivatives plummeting to $1.4 trillion — a stark 60% drop from the previous year. Historically, Q4 has been a beacon of hope, and true to form, Bitcoin has surged by over 7%.  Fueling the optimism, Polygon (MATIC) and Avalanche (AVAX) kicked off October with a bang, boasting a 10% gain in just a week. Interestingly, the 2021 internet sensation GameStop Memes (GSM) is clawing its way back to social media hype in the form of crypto presales. Let’s take a deep dive into crypto news updates and unravel the mystery. Polygon 2.0 Hype Vs AVAX’s Grip On SocialFi Polygon as always is making strides in the crypto world. Its latest updates emerge as a beacon of hope for its ecosystem. For instance, the activation of POL contracts on the Goerli Testnet not only shows Polygon's unwavering pr...

Singapore | Nov 24th, 2023 UXLINK is the pioneering web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It encompasses a series of highly modularized Dapps, spanning from onboarding to graph formation, group tools, to socialized trading—all seamlessly integrated within Telegram. Since the launch of its first feature in late April 2023, the project has garnered over 1 million users and established a community globally. Supported by top-notch investors such as Sequoia Capital and ZhenFund , the founding team boasts extensive startup experience and a proven track record in social and socialized trading. In contrast to other web3 social projects that often lack real-world application scenarios, UXLINK addresses this common question by deploying Groups as its landing application scene. Groups are the most human-friendly and minimum units in real-life social activities, however, there is longstanding conflict of interests...

As the cryptocurrency landscape continues to evolve, decentralization stands at the forefront of discussions. This article takes a deep dive into analyzing the decentralization strategies of the Euler Network ($EUL) . With an impressive $3 million success in just 24 hours, we'll compare these strategies with industry players TRON (TRX) and Toncoin (TON). We'll delve into the significance of these networks in the crypto space, shedding light on their unique attributes. For enthusiasts seeking the latest insights into new and promising cryptos, this analysis serves as a compass through the decentralized cosmos. TRON - Traversing the Centralization Debate In the tapestry of decentralized technologies, TRON has been a subject of both acclaim and scrutiny. Initially criticized for its perceived centralization due to a delegated proof-of-stake (DPoS) consensus mechanism, TRON has undertaken substantial steps to address these concerns. The platform has been actively working towa...

Square Enix is launching its first Ethereum-based NFT game, Symbiogenesis. The game’s character auction will be held in three stages starting November 27. The three-wave distribution will see ten characters in the first, 90 in the second, and 400 in the third and final waves.  Square Enix, renowned for its iconic video game franchises like Final Fantasy and Kingdom Hearts, is set to debut its inaugural Ethereum-based NFT game, Symbiogenesis. The team behind Symbiogenesis disclosed the NFT minting schedule for the game’s characters in a recent post on the X platform. It noted that the auction process will commence on Monday, November 27.  Starting next week, it's finally time for the start of the auction! Phase 1: 11/27 12:00 – 11/28 11:59 (JST) Phase 2: 11/30 12:00 – 12/1 11:59 (JST) Phase 3: 12/2 12:00 – 12/3 11:59 (JST) More details herehttps://t.co/MFprrApwio#SYMBIOGENESIS — SYMBIOGENESIS -NFT Art＆Game Project- | SQUA...

Ethereum (ETH) was able to break back above the key $2K resistance over the past few days. The leading altcoin also escaped a short-term negative price channel that had formed on its daily chart. At press time, technical indicators suggested that ETH’s price may continue rising in the next few days. The leading altcoin, Ethereum (ETH), was trading above the psychological $2K mark at press time, despite a slight 0.13% drop over the past 24 hours. This latest drop in the cryptocurrency’s price does not tell the full story, however, as its weekly performance was still well in the green at +5.12%. Daily chart for ETH/USDT (Source: TradingView) From a technical standpoint, ETH was able to break out of a short-term negative price channel that had formed on its charts over the past two weeks. This was after the altcoin bounced off of the $1,945 support level throughout the past 3 days. Following this rebound, ETH’s price surged more than 6%, allowing it to trade...

Bitcoin is in its "pre-bull market" phase and the days of BTC price trading at current levels are numbered, the Stock-to-Flow creator says. Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is ticking on $40,000 resistance Bitcoin is destined to go much higher than its recent 18-month highs, PlanB believes, and time is ticking to increase BTC exposure below $40,000. Known for his optimistic takes on long-term BTC price growth, PlanB this time used realized price data to support the case for bulls. Realized price is Bitcoin’s realized cap — the sum total price at which all BTC last moved — divided by the current supply. It is currently at just below $21,000. Bitcoin bear market bottoms are characterized by spot price dipping bel...

KyberSwap is yet to get back the $7 million that was stolen on November 22. The decentralized exchange has offered a 10% bounty to the hacker in a bid to get the funds back. Security firm Beosin unveils the intricacies of the exploit, attributing the attack to a vulnerability in Kyber’s liquidity pools. Following the $47 million KyberSwap hack on November 22, the decentralized exchange protocol has made a bold move in an attempt to recover the funds. The protocol has offer ed a bounty in a bid to encourage the hacker to return the stolen assets. Incentive for the hacker In response to an on-chain message left by the perpetrator, KyberSwap has offered a 10% bounty (amounting to $4.7 million) to the hacker who executed the exploit. The hacker had hinted at negotiations with the KyberSwap team, stating, “Dear Kyberswap Developers, Employees, DAO members, and LPs, negotiations will start in a few hours when I am fully rested. Thank you.” ...