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...

Canadian securities regulator CSA has clarified terms and conditions for stablecoin trading on exchanges. Crypto platforms and issuers have to adhere to set conditions before they are allowed to offer stablecoin related services. Several crypto exchanges, including Binance, exited Canada earlier this year following CSA’s new stablecoin guidelines. The Canadian Securities Administrators (CSA) has provided further guidance to the trading of Stablecoin s on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country over regulator y developments. Canada clarifies stablecoin trading rules Although the CSA previously noted in an interim framework that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives, its latest update include the acknowledgement that the asset is an important component of trading on crypto exchanges. ...

The global trading landscape has evolved significantly over the past fifty years, expanding accessibility from exclusive wealthier groups to everyday individuals through online platforms. The rise of artificial intelligence (AI) has reshaped trading, contributing to the emergence of platforms like Immediate Edge. What is Immediate Edge Immediate Edge is an AI-driven trading platform designed for automated monitoring of market trends, risk assessment, and precise trade execution. You might also like: Venture capitalist: blockchain is not ready for mainstream gaming While AI can make mistakes depending on the quality of training data, Immediate Edge rely on its team of industry experts and funding, which enabled a smooth launch. Still, traders exploring the platform must still exercise caution before investing. Analyzing Immediate Edge’s security Immediate Edge claims to provide higher average profits while prioritizing client privacy and regulatory compliance. How...

Blockchain analysis reveals a 19-day journey of an anonymous crypto wallet that turned $3.2k into $313k by investing in ICOs and meme tokens. In a stunning 19-day run, an anonymous crypto wallet owner turned an initial investment of $3,200 into a staggering $313,000. The meteoric rise was mainly due to a series of astute trade s, most notably in the FINE token, according to crypto analyst dealer.eth.  In just 19 days, this #crypto wallet went from $3.2K to $313K I've been closely tracking him to uncover his secret. Here's how he did it pic.twitter.com/Wz1YZ0Z4bc — dealer.eth (@dealerdefi) September 17, 2023 From humble inceptions to becoming a whale Arguably, the most consequential move came when the trade r ventured into FINE tokens. Acquired just a day after the token’s listing on Sept. 8, this savvy investor purchased 6 billion FINE for roughly $29,787. This single trade swelled in worth to a net profit of $148,663 within a week, constituting a sizable ...

The Hangzhou Intermediate People’s Court has convicted a former Chinese party official , Xiao Yi, for abuse of power and bribery. Xiao Yi has received a life imprisonment sentence . Officials clarified that he misused his authority to support the growth of Bitcoin mining by facilitating financial support and power supply arrangements. You might also like: China’s SparkPool Ethereum Mining Pool Shutters Operations An Aug. 22 report reveals that the offender accepted bribes totaling almost $17.4 million. The report noted that the bribery charges were categorized as notably substantial, while the abuse of power charges were deemed exceptionally serious. In September 2017, the Chinese authorities banned Bitcoin trading and other crypto currencies. In 2019, the National Development and Reform Commission (NDRC) classified crypto mining as undesirable due to its negative impact on the environment. Later on, in 2021, China’s state council announced that crypto mining was bann...

Quiztok (QTCON), the native token of the fast-growing chatbot project, has rallied by over 237% in the last seven days. This substantial surge has solidified the token ’s position as the top gainer among the 500 largest crypto assets. Commencing in July, QTCON’s recent surge followed a subdued first half of the year. Despite intermittent upswings in the broader crypto market, the token lingered below the crucial $0.0024 threshold, dampened by bearish sentiment and waning investor interest. The asset’s initial upward movements began in June as it saw a resurgence of interest from market participants. However, this ascent maintained a moderate pace until July, coinciding with a series of ecosystem developments associated with the project. You might also like: Kraken dominates US altcoin market liquidity in July The Quiztok development team unveiled a range of initiatives during Q2 2023. These encompassed an AI-driven quiz system and the Quiztok non-fungib...

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...

‘Crypto-pimps’ are exploiting Eastern European refugees fleeing the Russia/Ukraine conflict and training them to become high-end sex workers specialized in trading crypto, an undercover journalist has claimed. According to Canadian journalist Ian Halperin, while conducting covert research at Crypto conferences, attendees revealed to him a network of female refugees being recruited to become Crypto trading escort s.  These crypto pimps “would go on and on about the sex trade, how that was the most profitable… They said it was so simple. It’s so easy,” he told the Mirror. “They were telling me how they were making millions of dollars on the sex trade via Crypto .” Halperin claims that women are being scouted in countries including Belarus, Russia, and Ukraine by an agency known as StarModels before being offered free flights and a promise of a better life . StarModels has since changed its name.  “The truth is the agency takes a rid...

The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application. South Korean tech company LG Electronics has filed a patent application for its blockchain-based Smart TV that allows users to trade nonfungible tokens (NFTs).  The information was published on WIPO's global database for intellectual property on May 11. According to WIPO's documentation, a patent application is published 18 months after the filing date or the priority filing. Based on this timeline, LG's application was submitted in November 2021. The next steps include substantive examination, followed by granting or refusing legal protection to the invention. According to LG's application, its technology allows devices to connect with a crypto wallet and an NFT market server to enable transactions. When connected to an NFT market server, the device incorporates onscreen QR codes that let users complete transactions via a crypt...

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...