Cryptocurrency News Official TheBitTimes.com

Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears. Bitcoin (BTC) starts the last week of October in classic style as 3% BTC price gains take cryptocurrency markets higher. In what could yet turn out to be a classic “Uptober” for Bitcoin and altcoins, BTC/USD is back near 2023 highs as a resistance battle brews. Can bulls win? That is the key question for traders and market observers going into the week’s first Wall Street open as Asia sets the tone for a crypto comeback. Given the extent of resistance to overcome, however, traders are playing it safe — lofty BTC price predictions are less evident than might be expected, and few believe that the road beyond $32,000 will open up quickly or easily. Bitcoin must also dodge potential headwinds in the form of macroeconomic data prints at a time when inflation continues to beat expectations. Ahead of the United States Federal Reserve’s interest rate decision on Nov. 1, the ...

JPEX’s attempt to transition into a DAO has sparked controversy and frustration among some users. The users who claim their assets were converted without their consent. The exchange is also facing scrutiny from authorities in Hong Kong. In a surprising move, the JPEX cryptocurrency exchange has initiated a contentious DAO Shareholder Dividend Scheme, leaving some users in distress as their assets reportedly get converted without their consent. JPEX recently announced its intention to transform into a decentralized autonomous organization (DAO) and offered users the opportunity to convert their frozen asset s into DAO Stakeholder dividends at a 1:1 ratio. Additionally, the exchange introduced a repurchase option, allowing users to recover 30% of the conversion price after one year and 100% after two years. Disquiet among customers JPEX’s scheme was seemingly devised to tackle JPEX’s ongoing liquidity challenges, providing an incentive for...

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...

Bitcoin and select altcoins continue to face selling at higher levels, a sign that the bears have not yet given up. The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels. After Bitcoin’s sharp rally in 2023, some traders seem to be planning to book profits. Coinglass reported that the Bitcoin balance held at Binance soared by 50,000 Bitcoin in the past 30 days. While this could add to short-term pressure, bulls can take solace because the increase is not identical across exchanges. Coinglass said that the aggregate increase of Bitcoin balance across exchanges was 14,000 Bitcoin. Daily cryptocurrency market performance. Source: Coin360 The next major event for the market is likely to be the U.S. Federal Reserve’s meeting on...

Blur’s liquidity heist on OpenSea continues as each project competes in royalties, fees and decentralized governance. Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated 12% toward an early user airdrop in the first season that ran from the marketplace’s gated launch in March 2022 to February 2023. Blur trading volumes (in ETH). Source: Dune  Blur has made a significant dent in OpenSea’s position as the leading market place. Analytics from data scientist Hildobby shows that Blur is eating into the market share of OpenSea and other aggregators like X2Y2. Blur's incentive program and advanced NFT trading Features are causing users to shift from OpenSea to Blur. The share of NFT marketplaces by trading volume. S...