Cryptocurrency News Official TheBitTimes.com

Join Our Telegram channel to stay up to date on breaking news coverage Worldcoin, a cryptocurrency project centred on identity and co-founded by Sam Altman, set a record for single-day sign-ups in Argentina this month. Worldcoin signed up 9,500 people in Argentina in a single day, it said in an Aug. 31 blog post. That translates to roughly one verified individual every 9 seconds. The achievement came despite ongoing investigations into the project’s data handling practices by Argentina’s authorities and data protection agencies worldwide. Argentina is one of the world’s leading countries for blockchain innovation & crypto adoption. That reputation was reinforced recently, as demand for World ID led to 9.5K Orb verifications in 24 hours—a new global record. https://t.co/DEMx1Yda2O — Worldcoin (@worldcoin) August 31, 2023 The project, which was officially launched on July 24, has garnered attention for its unique approach to online identity verification using iris scans

A distressing incident occurred during a live webcast by Fraternidade Crypto, a YouTuber from Sao Paulo, Brazil, on Aug. 30. ️ O Youtuber Ivan PERDEU TODO O DINHEIRO ao vivo por abrir sem querer um bloco de notas com a sua Chave Privada. Autocustódia é algo que demanda extremo cuidado. Jamais guarde suas seeds e senhas no computador ou em local de fácil acesso. Perder todas as criptos é bem mais… pic.twitter.com/AxPsgQ7LWu — Guilherme Rennó (@RennoGuil) August 30, 2023 The content creator accidentally disclosed his coins’ private keys. Recognizing the error, he promptly ended the stream and rushed to check his wallets. However, by then, the damage had been done. According to PolygonScan data, an unknown individual had illegally withdrawn 86,399 MATIC (worth roughly $60,000). Shortly after, and visibly shaken, the streamer reappeared on a different livestream, appealing to his audience for assistance in reclaiming funds. He also quickly involved law enforcement and submitted a

STX outperformed other assets in the top 50 except for BCH following the Grayscale announcement. STX hit an overbought point but still has a better performance than BTC. If the MFI reaches 80, then STX may plunge, and the target could be between $0.44 and $0.47. After Grayscale’s partial win over the U.S. SEC, with regard to the Bitcoin (BTC) ETF application, the price of Stacks (STX) surged. According to CoinMarketCap, STX performed much better than other coins in the top 50, except for Bitcoin Cash (BCH). $STX is the top mover post Grayscale win. Is Stacks becoming the high beta Bitcoin play? — Ethan Kravitz (theycallme.eth) (@EthosVentures) August 29, 2023 At press time, STX’s value is $0.52— an 8.28% hike in the last seven days. Although Stacks enjoys a surge in price when Bitcoin has a positive outlook, it also has its own fundamentals backing it. STX and BTC: One of a Kind For the unfamiliar, Stacks is Bitcoin Layer Two (L2) for smart cont

According to Nailwal’s X platform post, the imminent POL evolution represents more than a name change. POL encapsulates advancements that offer the allure of multi-chain staking minus the risks traditionally associated with restaking.  advertisement POL is a massive technical upgrade to MATIC POL delivers the benefits of multi-chain staking without the added risks of restaking. With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s that can easily interoperate and share… — Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) August 28, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read

The SEC has requested permission to submit undisclosed documents under seal in its civil lawsuit against Binance, Binance.US, and CEO Changpeng Zhao. The U.S. Securities and Exchange Commission (SEC) submitted a request to the U.S. District Court for the District of Columbia, asking for permission to file certain documents under seal in its civil case against Binance, its U.S. subsidiary Binance.US, and the CEO, Changpeng Zhao (CZ). The content of the SEC’s motion itself is sealed , sparking speculation around the possibility of sensitive or potentially incriminating details. Former SEC official John Reed Stark weighed in on the issue, suggesting that the SEC’s sealed motion could be linked to an ongoing criminal investigation by the U.S. Department of Justice. What’s Up With The Secret U.S. SEC Motion Relating to Binance? In the U.S. SEC/Binance litigation, the U.S. SEC has filed a sealed motion for leave to file documents under seal, according to an SEC court filing late yes

Nuvei, a Canadian fintech company, partners with credit card giant Mastercard to offer instant payout capabilities in Asia-Pacific. The partnership will allow Nuvei to offer instantaneous payout capabilities for their customers in the APAC region by using Mastercard Send. Nuvei’s users will be able to process payouts, including business-to-consumer operations and funding transactions of 1.5 billion for credit, debit, and prepaid Mastercard cards. You might also like: Mastercard and Binance to terminate partnership in September Mastercard is one of the biggest credit card companies, established in 1966. In recent years, the company has been actively involved in the cryptocurrency industry. It has recognized the potential of digital assets and taken steps to integrate cryptocurrencies into its network. In February 2021, Mastercard announced its intention to support a limited number of cryptocurrencies on its network. This move was seen as a significant step towards mainstre

The SEC is set to make imminent rulings on Bitcoin ETF applications from five firms, with decisions expected before the Labor Day weekend . A cluster of filings for Bitcoin (BTC) exchange-traded funds (ETF) sits on the desk of the U.S. Securities and Exchange Commission (SEC), with decisions expected imminently—before the onset of the Labor Day holiday next week. Among the applicants are high-profile financial firms like Bitwise, BlackRock, VanEck, WisdomTree, and Invesco. Bitwise’s submission is slated for review by Sept. 1, while the remainder have until the following day for their applications to be assessed. It is widely speculated that the SEC will render its judgments before the long weekend kicks off. Prolonging decisions: A familiar tactic of the SEC? Not many are optimistic about swift approvals. The SEC’s track record suggests a tendency for deferring decisions on crypto-related filings. Just earlier this month, the regulatory body postponed its judgment on a spot Bitco

Crypto analyst Crypto Banter says Bitcoin could increase or decline further in the coming days. The analyst says the current bear has spanned 490 days, making it the longest. Bitcoin needs to hold its $24k support to avoid a steeper decline. Crypto analyst Miles Deutscher, known as Crypto Banter on YouTube, in a recent post, said the world’s largest cryptocurrency is tittering on the edge of a potential bull run or a much worse bear fall. According to the analyst, Bitcoin’s price actions in the next few days will determine the trend the token will follow. Notably, the analyst said the current bear market is the longest ever since. Since its start, the bear decline has stretched a cumulative 490 days, making it one of the worst ever seen. While Bitcoin has held itself against the selloff pressures, the token gave in this August, becoming a catalyst for a wider market selloff. According to Crypto Banter, chart Analysis shows that a low of $16k price is sti

Out of the six new countries that are being inducted into the BRICS alliance, five of them are oil-producing nations. Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia export millions of barrels of oil each year to the West. Argentina is the lone country that doesn’t produce oil but gained entry as it allows multinational corporations to settle trade in local currencies. Therefore, BRICS is now equipped with the best, and China and Russia are likely to gain the most out of the new development. Also Read: US & Europe To Pay in Local Currencies For Oil After BRICS Expansion? BRICS: China & Russia Gain The Most From Inducting 6 New Countries Source: TheWire.in Prof. Dr. Daniela Schwarzer, an Executive Board Member at Bertelsmann Stiftung, an independent foundation based in Germany, said that China and Russia see a strategic win in adding the six new countries to the bloc. According to Schwarzer, top Oil -producing countries could bail out China and Russia ’s economic woes as

DeSantis gains in post-debate poll as Trump touts lead over Biden https://t.co/f0mslVknVc pic.twitter.com/tJFAcjRmr1 advertisement — New York Post (@nypost) August 26, 2023 A New Contender in the GOP Race An InsiderAdvantage survey unveiled that DeSantis now commands 18% of the support from likely Republican primary and caucus voters, an impressive leap from his pre-debate score of 10%. The debate, marked by discussions surrounding crime, immigration, and the economy, was a platform where DeSantis’s views stood out. Ryan Girdusky, a political consultant, remarked, “On the significant issues of this cycle, DeSantis outshined the rest and appeared highly presidential.” Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots

Legal Troubles for Binance Over Russia Post the onset of Russia ’s offensive in Ukraine, Binance publicized a decrease in its Russia n endeavors, adhering to the European Union’s stringent sanction regime. However, the authenticity of this assertion has been challenged.  advertisement Data sources, notably the Wall Street Journal (WSJ) and the Russia n Central Bank, present contrasting narratives. Records reveal that despite Binance ’s announcement, there’s an enduring ruble trading footprint on its platform. Peer-to-peer trades by Russia n entities averaged a monthly total of $428 million over half a year. The current system in place at Binance is under the lens for its possible multi-layered intermediaries, which might facilitate sanctioned Russian organizations in converting their funds into Binance balances. Read More: Binance ’s Acquisition Deal With Gopax Reportedly Failed Recommended Articles

The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case. Defunct crypto exchange FTX has announced a cybersecurity breach involving its bankruptcy case claims agent , Kroll, in which limited, non-sensitive customer data of specific claimants was exposed. FTX said it is actively overseeing the situation, assuring that account passwords, systems and funds remain unaffected. The struggling crypto exchange utilized the X platform on Aug. 25 to notify its customers, creditors and the public about a cybersecurity breach involving its claims agent Kroll. The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case. FTX has stated that Kroll is presently informing the individuals impacted by the cybersecurity event about the steps they can take for their protection. The crypto exchange in bankruptcy clarified that its account passwords and s

Join Our Telegram channel to stay up to date on breaking news coverage John DeSalvo, a former New Jersey corrections officer, was charged by the Securities and Exchange Commission with devising two ”brazen” crypto fraud schemes that targeted police officers and first responders. He falsely promised huge returns to obtain hundreds of thousands of dollars from unsuspecting investors, said US Attorney Philip R. Sellinger. In one scheme, DeSalvo is alleged to have targeted law enforcement and first responders to invest in a digital token that he falsely claimed was SEC-approved and listed on cryptocurrency exchanges. In the other, he is alleged to have obtained investments by promising extraordinary rates of return.  Once DeSalvo got the funds, he is alleged to have spent it on himself, paying personal expenses and funding his own investments. Sellinger said his office intends to “prevent him from potentially victimizing anyone else.” The Blazar Token Fraud According to the co