Cryptocurrency News Official TheBitTimes.com

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto traders have seen the highs and lows of four crypto bull markets in the past. With Bitcoin (BTC) doubling from its recent lows, we have concluded the first part of this fifth bull market and have reached a critical juncture. Up until now, Bitcoin dominated, but as this bull market progresses, we will likely see altcoins outperforming as crypto traders are becoming more confident that this bull market has many months left. What is changing? After many quarters of declining revenues for the Ethereum (ETH) ecosystem, those revenues are bottoming out from depressed levels; this could signal a tradeable bottom for ETH. While revenues have only climbed back into the summer 2023 range of $30 million in weekly fees, the shocking number of just $12.1 million during the week of Oct. 9 might be behind us. A tactical bullish trade could...

The cryptocurrency ecosystem witnessed “pump and dump” after false news around the BlackRock Bitcoin (BTC) spot exchange-traded fund (ETF) emerged on Oct. 16. According to CoinMarketCap (CMC), the global crypto market capitalization reached a two-week high of $1.12 trillion just a few minutes after Cointelegraph shared the fake news of the iShares BTC ETF approval.  Crypto market cap briefly touching $1.12b | Source: CoinMarketCap The 24-hour trading volume of the digital currency market also reached a local top of around $63 billion. However, after BlackRock officially denied the approval of its ETF application, the crypto ecosystem witnessed a sudden deep dive. You might also like: Genesis ordered to comply with subpoena in TerraUSD collapse case Consequently, the global market capitalization dropped to $1.08 trillion shortly, with the 24-hour market trading volume currently standing at $61 billion. According to crypto.news report on Oct. 16, YouTube crypto an...

KeyRock has secured anti-money laundering compliance clearance from the Swiss Financial Services Standards Association (VQF). The startup is expanding its OTC services via new on ramp/off ramp fiat currencies, including GBP and AUD. Belgian crypto market maker Keyrock has secured a key regulatory approval from the Swiss Financial Services Standards Association (VQF). The approval follows a comprehensive review of the company’s structure and processes with regard to compliance with the Swiss Anti-Money Laundering Act (AMLA) regulation. 📢 Keyrock expands its OTC services with more fiat on/off-ramp solutions. Through our Swiss VQF membership, we're now offering GBP, AUD, and 10+ other currencies alongside the standard USD and EURO. Read more about these significant milestones 👇https://t.co/4v5SRzpftY — Keyrock 🔑🪨 (@KeyrockTrading) September 26, 2023 KeyRock expands OTC desk Compliance with AMLA guidelin...

Minutes from the Federal Reserve’s June policy-setting meeting have market s in the red as investors speculate how many more rate hikes might be up central banker’s sleeves.  The pace of rate hikes is expected to slow, central bankers said on Wednesday, but hikes nonetheless should be expected.  “Many also noted that, after rapidly tightening the stance of monetary policy last year, the Committee had slowed the pace of tightening and that a further moderation in the pace of policy firming was appropriate in order to provide additional time to observe the effects of cumulative tightening and assess their implications for policy,” the minutes read.  Minutes from last month show that central bankers are still concerned about persistent inflation, and what some traders were hoping would be a conclusion to the recent era of tight monetary policy might simply be a pause. In June, committee members elected to keep rates the same, marking the central bank’s first rate increase pause i...

Despite the prevalent consolidation observed across the market , the Rari governance token (RGT) has rallied by over 26% in the last 24 hours. The recent up surge comes after the asset traded within a range for the most of last month. RGT is up 26.27%, which ranks 788 on CoinMarketCap (CMC), and has witnessed higher gains over the past 24 hours than the majority of mainstream assets on the top 100 list. RGT price – July 3 | Source: CoinMarketCap Notably, bitcoin (BTC) is seeing a meager 0.45% increase. This impressive rally has skyrocketed the token to a two-month high of $0.76. You might also like: On-chain data suggests the rise of long-term BTC investors The rari governance token’s bullish momentum picked up at the start of July, per CMC data, following an observable spike in its value on July 2. This spike was preceded by an extensive consolidation that continued throughout June. The market-wide rally in June provided minimal support for the asset. Not...

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 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...

Join Our Telegram channel to stay up to date on breaking news coverage In a lawsuit filed against Binance on March 27, the Commodities Futures and Trading Commission presented allegations that Changpeng “CZ” Zhao has rejected. According to Binance CEO Changpeng “CZ” Zhao, the cryptocurrency exchange “does not trade for profit or’manipulate’ the market under any circumstances,” in contrast to claims made by the Commodities Futures and Trade Commission. The chief executive addressed the CFTC’s action against Binance and CZ in a blog post on March 28 and called the claims “an incomplete recitation of facts,” referring to the trading and compliance practices that were allegedly unlawful. The CFTC claimed in its complaint that Binance had used 300 “house accounts” to trade on its own platform without properly disclosing to its clients that it was doing so in its Conditions of Use. The CFTC has also ch...

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...

Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin. The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs.  BUSD market cap drops by $2 billion The SEC asserts that BUSD, a U.S. dollar-backed stablecoin , is a security, noting that Paxos has violated investor protection laws by white-labeling it. Related:  Paxos ‘categorically disagrees’ with the SEC that BUSD is a security Since Feb. 13 when the news broke, the BUSD market cap has lost roughly $2 billion, down to around $14 billion as of Feb. 16 — the lowest since January 2022.  BUSD circulating supply. Source: Messari As Cointelegraph reported, Binance has seen its withdrawals and BUSD redemptions surge post-Paxos crackdown. USD Coin market cap...

Crypto sentiment is "hysterical" with Bitcoin under $22,000, but no major trend lines have been lost yet, one analyst argues. Bitcoin (BTC) edged closer to $22,000 over the weekend as traders and analysts urged caution on overly bearish sentiment.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst dismisses "hysterical" crypto sentiment Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeing small spurts higher into Feb. 12. After hitting three-week lows the week prior, Bitcoin was a target for opportunistic whales, on-chain analytics resource Material Indicators explained. Uploading a chart from the BTC/USD order book on Binance, Material Indicators captured resistance shifting higher, with the potential uptick in spot price offering a more advantageous selling level for large-volume players. “FireCharts shows Crypto Weekend whales seem interested in trying to exploit the upside illiquidity in the Bitcoin order book to sell high...