Cryptocurrency News Official TheBitTimes.com

JPMorgan Chase & Co (JPM), using one of the most famous blockchain technologies in modern banking, has just implement ed a new feature that lets companies immediately carry out their transactions. JPM Coin now enables clients to program their accounts by incorporating a set of crucial conditions. This functionality empowers them to transfer funds to address overdue payments and margin calls. Additionally, there are prospects for leveraging this feature to capitalize on variances in exchange rates, as reported by Bloomberg on November 10. Leveraging blockchain technology, transfers are nearly instantaneous and available 24/7, in contrast to traditional banking, where transactions are typically batched during working hours. The recent addition to JPM Coin eliminates the necessity for setting standing orders at specific times or amounts. Instead, the function activates when the pre program med criteria are met. “If you think of the current bank account provided by any financia...

The ORDI token, which was not developed by the creator of Bitcoin Ordinals, has surged by 41% in the past 24 hours. Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance. According to Binance's Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), and the Turkish Lira (TRY). Binance claims that it did not charge developers any listing fees for the ORDI token and that withdrawals will open on Nov. 8. As part of initial incentives, the first 1,000 users who deposit at least 72 ORDI to the exchange received a 50 USDT trading rebate voucher.  "ORDI is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility." Bitcoin Ordinals is a numbering system that assigns a unique number to each individual Satoshi, or 1/100 million of a Bitcoin, enabling tracking and tran...

Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program. As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfect embodiment of the current state of traditional finance. By comparison, decentralized finance (DeFi) has the potential to provide similar services, including fund transfers, payments and storage, much quicker and at lower costs. However, the majority of financial technology (fintech) applications offered by TradFi services win the users in terms of user experience and simplicity, leaving the unnecessarily complex and obscure DeFi apps with limited adoption. Mainstream users require a friendly experience and easy-to-use applications to dip their toes in decentralized waters before becoming full-fledged ...

The TON team conducted public testing of the blockchain speed. The developers reported that during the 12 minutes of the experiment, about 42m transactions were carried out, and the maximum speed was 108,409 transactions per second (TPS). In 11 minutes, 43,012,970 transactions were reportedly sent on the test network of 256 validators. The maximum transaction speed per second is 108,409 (TPS), which is a record among all currently existing blockchain s in the world . For example, this figure for Bitcoin is 5-7 TPS, for Ethereum – 15 TPS, Solana – 65,000 TPS (the previous record holder). TON now claims to be the fastest blockchain in the world , completing 104,715 transactions per second. At the time of writing, the Toncoin (TON) is trading near $2.18, gaining 3.14%. Source: CoinMarketCap In September, the appearance of the TON wallet in the Telegram messenger contributed to the growth of quotes for the Toncoin cryptocurrency. It came close to the $3 mark ...

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...

The recently unveiled “Masterpiece” collection , a curated assembly of digital artwork endorsed by Coca-Cola, generated $543,660 in proceeds from Coinbase’s “Onchain Summer” event.  The event, dedicated to celebrating the inaugural emergence of the Base blockchain, witnessed fervent interest as more than 80,000 collectors zealously acquired eight distinct digital works over the course of 72 hours. The collection interweaves revered classics, such as Edvard Munch’s “The Scream” and Johannes Vermeer’s “Girl with a Pearl Earring,” with contemporary creations from emerging talents including Fatma Ramadan, Aket, Vikram Kushwah, Stefania Tejada, and WonderBuhle. Pratik Thakar, Coca-Cola’s senior director of generative AI, praised the campaign:  “At Coca-Cola, our history of collaboration with the artistic community spans eras, and today’s technology and innovation open new and captivating aven...

Unstoppable Domains and Ethereum Name Service have dominated the decentralized domain name space as competitors until now. Two of the biggest platforms powering Web3 decentralized domain s have partnered up after Unstoppable Domains announced support for .eth domain names from Ethereum Name Service (ENS). The two service providers have been central pillars in the Web3 domain space, allowing users to create human-readable domain names and cryptocurrency wallet addresses. Decentralized domain s also act as a profile across the Web3 ecosystem unlocking a host of functionality. .eth is coming to Unstoppable. Unstoppable is now your one-stop shop for Web3 domains. Buy and manage your .eth, .nft, or .x domains all in one place. Better yet? We’re introducing new functionality that makes buying .eth domains easier and more seamless. pic.twitter.com/lKB5yNwuD7 — unstoppable.polygon (@unstoppableweb) July 17, 2023 As Cointelegraph previously explored, Unstoppable Domains and ENS acc...

InQubeta, an AI-based crowdfunding platform, is gaining attention as a potential competitor to ethereum (ETH), leading to a shift in investor sentiment . InQubeta introduces a crowdfunding platform that connects crypto investors with AI start-ups, creating a novel way for investors to participate in AI-driven projects. The platform’s fractional investment model, powered by its native token QUBE, provides investors with transparent and accessible access to the AI market. This approach has attracted retail investors previously limited in their investment options. While Ethereum has long been the leading smart contract platform, InQubeta is positioning itself as a contender. Focusing on the intersection of AI and blockchain, InQubeta brings new features that differentiate it from Ethereum. The project’s emphasis on AI technologies, a secure investment ecosystem, and strategic partnerships with AI start-ups make it an appealing alternative for investors seeking fresh op...

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...

The wallet developer also raised $4.5 million from HackVC and other firms to further advance ZK-based enterprise solutions. Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year. According to the announcement, Demox also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks. Over 40,000 users signed up for the Leo wallet waitlist in the period leading up to its debut. Congratulations to Demox Labs, creators of @theLeoWallet for securing $4.5m in funding. We are proud to have a top-notch team building the future of privacy on @AleoHQ https://t.co/4P5bNVx4Ea — Aleo (@AleoHQ) June 2, 2023 The funding round was led by venture capital firm ...

The platform is part of Air Nippon Airways' ongoing expansion into the intersection of airlines and Web3. On May 30, Air Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed nonfungible tokens (NFTs) marketplace with its subsidiary ANA Neo.  Dubbed the "ANA GranWhale NFT Marketplace," the platform will feature an inaugural collection created by aerial photographer Luke Ozawa. As told by developers:  "From May 30, aerial photographer Luke Ozawa's first digital photo will be converted to NFT. One of them will be sold with a positive film, which is the source of photo development. The price is 100,000 yen, and the NFT with positive film will be sold at auction." Meanwhile, the second collection of NFTs will be released on June 7, representing the NFT image conversion of the first Boeing 787 operated by AMA. "Selling ​​as a 3D model airplane. There are 787 items each of the two types, for a total of 1,574 items, and the pr...

The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marketed to the general public. Elon Musk’s brain -computer interface (BCI) startup, Neuralink, reportedly received approval from the United States Food and Drug Administration (FDA) to conduct some form of “in- human ” trials for its surgically implanted brain device.  Congratulations Neuralink team! https://t.co/AWZGf33UDr — Elon Musk (@elonmusk) May 26, 2023 It’s unclear at this time what kind of trials the Neuralink tweet is referring to — the only other information mentioned was that the company isn’t accepting applicants yet. Neuralink was denied the FDA’s approval for human trials in early 2022 over several concerns related to safety, which, at the time, the company was reportedly working to resolve. The FDA’s apparent U-turn would indicate that such concerns have been worked out, and the company should then be free to conduct limited testing of its sur...

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency division of Societe Generale has released Coinvertible, a stablecoin of its own. Because the stablecoin has legal support, its intended users can trust it. With the introduction of Coinvertible, the first institutional stablecoin implemented on a public blockchain, the aim to float a widely accepted stablecoin has taken a new direction. Societe Generale-Forge, a division of the French multinational banking behemoth in charge of its digital assets division, is the company behind Coinvertible. The Coinvertible stablecoin is supported by the Euro and protected by the Ethereum blockchain protocol, as stated by the major provider of financial services. Stablecoins, which are digital assets with stabilization mechanisms built on a solid banking-grade framework, will be a crucial component in boosting trust and confidence in the native crypto ecosystem. This issuance is a significant step in So...

The liquidity hub aims to offer a pool of liquidity to businesses in addition to Ripple’s popular cross-border payments service called on-demand liquidity. Fintech firm Ripple has launched its liquidity solution for businesses to bridge the gap between crypto and fiat. Ripple liquidity hub was launched on April 13 after a successful pilot last year. The service operates as a stand-alone solution in addition to Ripple’s popular cross-border payments service called on-demand liquidity (ODL). This makes it a global liquidity network offering its partners access to payout rails worldwide. The liquidity hub has been developed from an enterprise point of view to offer digital assets from various market makers, including crypto exchanges and over-the-counter trading desks. When an enterprise partner requires liquidity, it can source it from these large pools of deep liquidity, including United States dollars, Bitcoin (BTC), Ether (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH) and Litecoin...

With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation. In one of the more striking early scenes from P.T. Anderson’s 2007 film, There Will Be Blood, there is a gas explosion that destroys the drilling rig set up by oil tycoon Daniel Plainview. Noticing one of his employees observing the situation dejectedly, Plainview rebukes the man, saying: “What are you looking so miserable about? There’s a whole ocean of oil under our feet. No one can get at it except for me!” Access to and possession of that oil would catapult Plainview, like it did many of his real-world counterparts, to the highest stratosphere of wealth. These days, rather than turning paupers into princes, oil more often serves as a means of transforming princes into the owners of the world’s biggest sports teams. But one can be forgiven for seeing parallels in the mania of that time and today’s focus on what is currently one of the most ...

Opportunity cost is the potential benefit that is missed out on when choosing one option over another. Opportunity cost, explained Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen. Consider the scenario when you have a limited budget and are debating between buying a new laptop or going on vacation. The value of the vacation you could have taken with the same amount of money would be the opportunity cost if you decide to buy the laptop. Similarly, if you decide to take the vacation, the opportunity cost would be the laptop you could have purchased with the same amount of money. Everyone is gambling, all the time. The "risk takers" have the courage to attempt something and gamble with the possibility of failure. The "risk averse" avoid failure, but gamble with the opportunity cost of what they could have achieved—had they...

Universities in the U.K., including Cambridge, Imperial, Edinburgh, Oxford and University College London, offer blockchain-related programs. Universities in the United Kingdom have started offering cutting-edge research programs, courses and practical experience in various aspects of blockchain technology, including cryptocurrencies, smart contracts, privacy, security and scalability. Students who graduate from these programs will be well-equipped with the knowledge and skills necessary to become leaders in the field of blockchain technology and drive innovation and adoption in various industries. Here are top five universities to study blockchain in the United Kingdom. University of Cambridge The University of Cambridge is a public research university located in Cambridge, and its Cambridge Centre for Alternative Finance (CCAF) is a leading research center in the field of alternative finance, which includes research on blockchain and cryptocurrencies.  The CCAF conducts research on ...

Blockchain security firm Peckshield on Twitter said it has found dozens of pump-and-dump tokens purporting to be related to ChatGPT. Blockchain security firm Peckshield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT. In a Feb. 20 post, the firm revealed at least three "BingChatGPT" tokens appear to be part of honeypot schemes — a smart contract that tricks a user into sending Ethereum (ETH), which the attacker then traps and retrieves. Some of the addresses reportedly associated with the BingChatGPT tokens. Source: PeckShield According to Peckshield, at least two of the tokens identified have already lost nearly 100% of their value, while a third is at a 65% loss — in what is often referred to as a “pump and dump” scheme or “rug pull.” A pump-and-dump scheme typically involves the creators orchestrating a campaign of misleading statements and hype to persuade investors into purchasing tok...