Cryptocurrency News Official TheBitTimes.com

Join Our Telegram channel to stay up to date on breaking news coverage The recent surge in the price of Litecoin (LTC) has caught the attention of investors, bringing this cryptocurrency back into the spotlight. Just last week, EDX Markets, a Wall Street-backed platform, listed Litecoin and Bitcoin Cash, sparking renewed interest in these digital assets. Silver to Bitcoin’s Digital Gold Litecoin, often referred to as the “Silver to Bitcoin’s Digital Gold,” has experienced a remarkable ascent, reclaiming its position among the top 10 cryptocurrencies by market capitalization. In the past 24 hours, its value has soared by 23.6%, reaching $104.63 per coin. Over the course of the past week, Litecoin has appreciated by 15%, solidifying its position as a significant player in the digital asset market, with a market cap of $7.7 billion. One key reason behind the renewed investor interest in Litecoin is its selection as one of only four cryptocurrencies availab...

New Zealand’s central bank is trying to exercise caution in taking a regulatory approach towards crypto and stablecoins, stating that the government is monitoring the development of crypto regulations globally. The Reserve Bank of New Zealand’s (RBNZ) Director of Money and Cash, Ian Woolford, released a statement on June 30, based on the summary of submissions from 50 stakeholders. It stated that while risks are associated with crypto currency and stablecoins, there were uncertainties around the growth trajectory of the burgeoning asset class globally. Woolford stated part of the submissions believed it was essential to regulate the sector to protect investors from scams and implosions. Still, most submitters called for a more flexible regulatory approach that would encourage innovation. Woolford states, “We agree that caution is needed, reinforcing the need for enhanced data and monitoring to build understanding.” You might also like: Coinbase advocat...

The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law. A bill bringing crypto currencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent on June 29, the final step required for a parliamentary bill to become law. Approved by the upper chamber of the U.K. parliament on June 19, the Financial Services and Markets Bill has been discussed in the British Parliament since July 2022 and is expected to increase legal clarity and support the adoption of crypto currencies in the country. The new law will give the Treasury, Financial Conduct Authority (FCA), Bank of England and Payments Systems Regulator the power to introduce and enforce regulations for crypto businesses. #HouseOfLords conducts ‘tidy up’ of the #FinancialServicesBill from 3.15pm before it is returned to @HouseOfCommons to consider Lords cha...

Join Our Telegram channel to stay up to date on breaking news coverage Gate.io, a cryptocurrency exchange s, just raised $64 million for its new cryptocurrency . Entering the cryptosphere As one of the oldest Chinese crypto exchanges in existence, the project’s asset will serve similarly to Binance’s Binance Coin (BNB) in that the asset is there to ease the investment process on its respective platform. The cryptocurrency will is called Gatechain Token (GT), and so the exchange has raised $64 million to fund it. The group recently said that there were tons of backers looking to jump into the asset. Gate Token will help pay for transaction fees just like BNB. Despite this investor interest, the project won’t be live until Q4. In an interview with CoinDesk, Gate.io Chief Marketing Officer Marie Tatibouet revealed that it sent out 150 million tokens during the first phase of its fundraiser. This period went from April 8 to April 14. Making it in this world G...

Bitpanda Pro cryptocurrency exchange has undergone a significant transformation. It has been spun out into a standalone company called One Trading. A successful Series A funding round accompanied this development. The funding was led by Valar Ventures, a venture capital firm co-founded by renowned entrepreneur Peter Thiel.  Bitpanda Pro is now One Trading  Bitpanda Pro, a division of the Austrian cryptocurrency company catering to institutional and professional traders, has emerged as a separate entity called One Trading, led by Josh Barraclough, previously a digital innovation executive at JP Morgan. The investment demonstrate the growing confidence and support in Bitpanda Pro’s future prospects. According to a June 28 announcement, One Trading has successfully secured €30 million in a Series A funding round. Valar Ventures, the investment firm of Peter Thiel, primarily led the funding. Other participants in the funding round include MiddleGame Ventures, Speedinvest,...

ADA, the token native to the Cardano ecosystem, was mentioned among the 64 cryptocurrencies the SEC alleged to be securities. advertisement The regulator filed several lawsuits implicating two of the most prominent exchanges, Binance and Coinbase, for listing and facilitating the trading of unregistered security tokens. As expected, such developments tend to cause instability in the market, with Cardano price falling from highs above $0.45 toward the end of May to $0.22 on June 10. Despite the many recovery attempts over the last couple of weeks, it has been increasingly difficult to sustain the trend reversal above $0.30. ADA is trading at $0.275 on Wednesday amid the intensifying danger of losses extending to $0.22. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Bitfinex announced the commencement of a peer-to-peer trading platform in Argentina, Colombia, and Venezuela, in an effort to cater to the growing market for digital assets in Latin America. Bitfinex, a global cryptocurrency exchange, has initiated a peer-to-peer (P2P) trading service in Argentina, Colombia, and Venezuela. As per the company’s statement, users from these regions now have the ability to trade in various cryptocurrencies, including bitcoin (BTC), ether (ETH), tether tokens linked to the euro (EURT) and USD (USDT), and tether gold (XAUT), which mirrors the price of gold. The firm further stipulated that consumers can opt for their preferred payment method and national currency for transactions. Something BIG is happening! #BitfinexP2P is redefining P2P trading , driving economic growth, and promoting financial inclusivity in LATAM. Learn more: https://t.co/xHloxLnbTh pic.twitter.com/gw2Y9X4CfP — Bitfinex (@bitfinex) June 27, 2023 Bitfinex has been pr...

Jeremy Allaire, the co-founder and CEO of Circle, expressed optimism about the potential approval of bitcoin exchange-traded funds (ETFs) during an interview at the World Economic Forum in Tianjin, China. Allaire believes that regulators’ previous concerns regarding bitcoin ETFs will soon be resolved, paving the way for authorized ETFs. He noted the progress in developing more mature market structures to support these financial instruments. Allaire told Bloomberg, “You have mature spot markets, well-regulated custody infrastructure, and good market surveillance.” He noted that many of the concerns raised in the past are now being addressed, increasing the likelihood of approval for general investor access to bitcoin ETFs. You might also like: Grayscale launches Funds Trust, files for three new crypto ETFs Prominent asset managers like BlackRock and Invesco have submitted applications to the Securities and Exchange Commission (SEC) for spot bitcoin ETF...

Join Our Telegram channel to stay up to date on breaking news coverage Kendall Jenner, Kate Moss, J Balvin, Jeff Koons, and Baz Luhrmann are among a group of celebrities who have joined the judging panel for an upcoming digital art competition. The selected artworks will be incorporated into a non-fungible token (NFT) collection, the proceeds from which will go to The Foundation for AIDS Research (amfAR). The competition, organized through the digital platform Prospect 100, invites creators globally to submit original digital backgrounds. These will be reviewed and the top 100 selected will be integrated with amfAR’s pre-designed characters to create the organization’s inaugural NFT collection. The funds raised from the sale of this collection, whose date has yet to be disclosed, will be directed towards AIDS research. The submitted designs will initially be open to a public vote via Prospect 100. The project’s celebrity jury will then choose the finalists, considering the...

Join Our Telegram channel to stay up to date on breaking news coverage On Monday, the Shanghai Clearing House, a financial services clearing counterparty under China’s central bank, began digital yuan clearing and settlement services for trading in commodities. Shanghai Clearing House Lets Users Make Cross-Bank Clearances In Digital Yuan According to an announcement by the Shanghai Clearing House, the services allow users to make cross-bank clearings and settlements in commodities with the digital yuan. The digital yuan has made headway in the commodities market, with Shanghai Clearing House saying it would launch digital yuan clearing and settlement services for bulk commodity trading starting Monday. https://t.co/14jifgi1qf pic.twitter.com/X6b4X4usfN — Global Times (@globaltimesnews) June 25, 2023 The director of the Finance and Securities Institute of the Wuhan University of Science and Technology, Dong Dengxin, said: The launch of the services will make cr...

Zachery Ty Bryan, who played Brad Taylor on “Home Improvement,” faces accusations of involvement in a crypto currency scam. Allegedly, he took $50,000 from multiple individuals by falsely promising to invest it in a crypto currency opportunity for a startup named Producers Market. Bryan faces crypto scam charges Several individuals have accused the former child actor of taking $50,000 under false pretenses, promising to invest it in a non-existent crypto currency opportunity for a startup called Producers Market. According to The Hollywood Reporter, Bryan had convinced four individuals to contribute funds for purchasing digital coins related to the Producers Market. These individuals claim that Bryan, leveraging his status as an advisor to the company, convinced them to invest their money in a crypto opportunity that ultimately did not materialize. Bryan’s association with Producers Market began when the company, having learned of the former child actor...

Russian citizen Alexander Vinnik, currently facing money laundering charges in the US, is leading a campaign to be included in a prisoner exchange agreement between his home country and the US.  Part of the aim of this exchange is to secure the release of Wall Street Journal reporter Evan Gershkovich, who is currently detained in Russia for alleged espionage. In 2017, Vinnik was charged with a 21-count indictment, alleging that he laundered over $4 billion worth of bitcoin through crypto exchange BTC-e. The Department of Justice claimed that he also obtained funds from the Mt. Gox hack and proceeded to launder them through various exchanges. In a notable development first reported by the Wall Street Journal on Wednesday, Vinnik’s counsel outlined his intentions in federal court filings in California on May 19. His lawyers are looking to modify a protective order in his case so that he can publicly push for a prisoner swap. “Mr. Vinnik should be permitted to use discovery that is ...

Michael Saylor’s firm MicroStrategy recently activated a special Bitcoin “Lightning Address” mapped to his corporate email. Rather than QR codes or complicated strings of characters, Lightning Addresses allow users to direct bitcoin (BTC) to standard internet identifiers, such as email addresses or usernames. So, BTC can now be sent to Saylor via [email protected] .  Saylor shared a screenshot showing a steady stream of bitcoin tips flowing from fans, each one 21 satoshis (the smallest bitcoin unit, otherwise known as sats). Bitcoin’s Lightning Network is a layer-2 scaling solution that makes BTC transactions faster and cheaper, although there are security trade-offs. Lightning balances and transactions are somewhat private compared to Bitcoin mainnet. It’s not possible to reverse engineer either MicroStrategy or Saylor’s transactional history to determine just how “rich” Bitcoin fans are making Saylor (whose net worth is already valued at $1.2 billion). Still, as of Monday ...

Analyst Cypress de Manincor states that digital assets that provide real-world utility would survive the current purge. Manincor’s conclusion comes from the fact that several industry leaders over the past year have talked about crypto at financial conferences.  “This is all by design,” said the analyst, “you all need to pay attention to detail.” In his latest video, crypto analyst Cypress de Manincor stated that digital assets that provide real-world utility would survive the current purge. The analyst used conversations of several prominent industry leaders to prove that elite market participants are actively interested in pursuing crypto. “The devil is in the details,” said Manincor as he introduced a video of Tom Zschach, the Chief Innovation Officer at Swift. In the short clip, Zschach stated that he had decided to focus his efforts on interoperability and the interlinking between existing payment rails of today, and the new evolving digital asset ne...

Cameron Winklevoss believes that the value of Bitcoin will soon overtake that of precious metals like gold. The Gemini founder cited the possibility of space mining for precious metals like gold. Winklevoss believes that the abundance of precious metals on earth will make Bitcoin a more valuable commodity. Cameron Winklevoss, the co-founder of American crypto exchange Gemini, believes that the value of Bitcoin will soon overtake that of precious metals like gold, as well as other valuable commodities like oil. In a video posted by Gemini on Twitter, Winklevoss cited the simple laws of supply and demand to make his case for the flagship cryptocurrency. According to Winklevoss, Bitcoin is the first commodity in the universe that is “truly fixed”. He stated that BTC’s supply doesn’t expand when demand increases, making it a limited commodity with a better prospect for price appreciation. The Gemini co-founder also compared Bitcoin’s supply and demand to that of ...

Coinbase is one of the largest cryptocurrency players in the United States. Despite the recent lawsuit from the Securities and Exchange Commission, the exchange has been holding up well in terms of development and expansion. Even though the regulatory hurdles in the US have tampered with the growth of the exchange, Coinbase CEO Brian Arm strong seems unaffected by the SEC‘s actions. strong >Also read: Pepe Coin Resurrects With 90% Gains: Is PEPE Making a Comeback? strong > In one of his recent statements at the State of Crypto Summit organized by Coinbase in the Financial Times in New York, I’m strong stated that he envisions Coinbase becoming a global Super app. Source: Inc. Magazine Coinbase CEO envisions the exchange to become a super-app Arm strong stated that he has set a vision for the exchange to become a super-app, which will aid the Web3 economy. Super-apps are nothing but those that let users do a bunch of stuff and offer numerous services. strong >“In Asia for “s...

A captivating forecast for the crypto currency market from respected former Goldman Sachs executive, Raoul Pal, is creating a stir in the financial world. According to Pal, a bullish phase is on the horizon, with bitcoin (BTC) at the helm, marking the dawn of what he calls the “ exponential age.” According to Pal, we’re on the cusp of a significant bull run for digital assets, ushering in what he describes as the “exponential age” – a time of swift and substantial technological advancements. The Exponential Age theme, continues, well exponential ly…. The Exponential Age basket is up over 60% YTD… 1/ pic.twitter.com/zFrGQPS1HM — Raoul Pal (@RaoulGMI) June 21, 2023 Delving into Pal’s insights, he contends that technology stocks will overshadow other types of investments, but cryptocurrencies, particularly bitcoin, are poised to take center stage.  My thesis is crypto will outperform tech and tech will outperform all other equities. BTC is up 75% YTD pic....

Join Our Telegram channel to stay up to date on breaking news coverage Terra Luna Classic’s (LUNC) price has increased by 2% in the last 24 hours. The price has risen 13% in two weeks to reach $0.00009119. Taking legal action against the SEC has led to some losses, but this growth is helping to make up for them. LUNC’s price has increased 20.1% over the past month, going from 0.00007592 to 0.00009133. Compared to the beginning of the year, the coin is down 53.5%, dropping from 0.0001961 to 0.00009119. Terra Luna Classic’s value has declined due to a lack of enthusiasm among the community to maintain the price. The Terra Luna Classic community recently aligned its blockchain’s technical capabilities with Cosmos’. It’s sparked renewed interest in LUNC, as the market sees it as having a bright future. Terra Luna Classic is picking up momentum again. As LUNC attempts to regain some value it lost since it collapsed in May 2022, we may see more ra...