NFT News Official TheBitTimes.com

This week, a decentralized finance (DeFi) altcoin based on Ethereum (ETH) dropped by more than 82% while most other crypto projects moved sideways. InSure DeFi (SURE) is an insurance ecosystem for the blockchain world that helps protect users of DeFi, non-fungible tokens (NFTs), and metaverse gaming. At the time of writing, the project’s own token, SURE, is worth $0.00798. The 182nd-ranked crypto asset by market cap is up 82.4% in the last week, 203.5% in the last 30 days, and more than 320% since the beginning of 2023. On Monday, the crypto asset was added to the Hotbit exchange, which is based in Hong Kong. This month, Vulkania, a dashboard and data aggregation platform for crypto, released a dashboard for inSure. On March 4, SURE was added to a decentralized exchange (DEX) called O3 Labs. InSure wants to protect DeFi traders’ portfolios from scammers and losses that come out of the blue. Describes the whitepaper for the project, “The proj...

The country’s supreme court released two decisions for cases in which different crypto users gained profits from sales of BTC “made for the purpose of speculation” and mining. The Justices of the Supreme Court of Denmark have handed down two judgements on whether the sale of Bitcoin (BTC) under certain circumstances qualifies as a taxable event. In a March 30 notice, Denmark’s Supreme Court said a party who gained profits from selling Bitcoin acquired through several purchases and donations was required to report the sale as a taxable event, adding the purchase was “made for the purpose of speculation.” In a separate case, the court ruled a user who mined their own BTC and later sold the coins would be subject to the same tax consideration. Both cases considered by the supreme court involved the acquisition of BTC between 2011 and 2013, with sales between 2017 and 2018, suggesting a price difference in the thousands of dollars. The court cited sections of the country’s National Ta...

Rango Exchange integrates Allbridge Core for Enhanced Cross-Chain Liquidity. Rango Exchange, a cross-chain DEX/Bridge aggregator, announce a strategic partnership with Allbridge Core, a stablecoin cross-chain swap solution that enables users to swap between dollar-pegged tokens across different blockchains without wrapping or unwrapping them . This integration is a significant step towards enhancing cross-chain liquidity and interoperability in the crypto space, as it allows users to access more stablecoin markets and arbitrage opportunities with low fees and high speed. How does Allbridge Core work? Allbridge Core operates by maintaining liquidity pools for the supported stablecoins on each chain. When a user sends tokens via Allbridge Core, the bridge exchanges incoming tokens into their dollar value in the token pool for that particular token. This value is then sent via the underlying messaging protocol to the destination chain. The bridge contract on the destination chain swaps t...

New data from research by eBit Labs and LiveArt marketplace reveals that the previous estimates of creator royalty losses, which were around $35 million, may be much higher. The nonfungible token (NFT) space has been a proven gateway for helping users take their first steps into the Web3 space. This is particularly true when it comes to artists and creators using Web3 tools to enhance their work.  However, new data from eBit Labs and LiveArt marketplace reveals that the loss of creator royalties over the past year in the NFT space could be higher than estimated. According to the data, after the emergence of the Blur marketplace in October 2022, two of the leading NFT collections - Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) - experienced shortcomings in royalties of around $20 million alone The new data involving BAYC and MAYC shortcomings then points to previous estimates of $35 million in royalty shortcomings likely being too small. Figure 1: Fees paid vs shortfall ...

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with the help of state officials, “turned to the task of purging their accounts from each of the banks subject to their supervision.” Constitutional Issues Raised by Operation Chokepoint 2.0: Depriving Businesses of Due Process and Key Structural Constitutional Protections Five days ago, Bitcoin.com News published an article that examines recent discussions in the crypto community regarding “Operation Chokepoint” and why crypto proponents believe the U.S. government aims to eliminate access to cryptocurrencies. On Monday, the Washington D.C. law firm Cooper & Kirk p...

The cryptocurrency market has seen the biggest and most expensive transactions worth billions of dollars. The Director of Coinbase, Conor Grogan took to Twitter to explain the biggest transactions of all time and Shiba Inu tops the list. The data shows the most expensive crypto-transactions-by-chain ranging from 2018 to 2023. While an Ethereum transaction topped the list with $4.4 billion in 2022, Grogan corrected the data by highlighting a SHIB transaction worth $7 billion. Also Read: Shiba Inu: The Road to $0.01 Is Now on Shibarium’s Shoulders Alone Shiba Inu: A Transaction of $7 Billion Is The Most Expensive In Crypto History Source: EconomicTimes.com Grogan tweeted the list of the most expensive transactions in the history of crypto and corrected himself in the thread. The director stated that Ethereum founder Vitalik Buterin burning 410 trillion Shiba Inu tokens worth $7 billion is the most expensive transaction ever recorded. “Here’s a list of the most expensive t...

Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency. Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency (CBDC). Florida Governor Ron DeSantis — expected by many to throw his hat into the ring for the 2024 U.S. presidential race — has called for a ban on a digital dollar in the state. DeSantis spoke out against the Federal Reserve issuing and controlling a CBDC, claiming the initiative would grant “more power” to the government.  Texas Senator Ted Cruz went even further, introducing a bill to block the Fed from launching a “direct-to-consumer” central bank digital currency. Cruz stated it’s “more important than ever” to ensure U.S. policy on digital currencies protects “financial privacy, maintains the dollar ’s dominance and cultivates innovation.” The anti- CBDC bill is a second attempt by Senators Cruz, Braun and Grassley, who introduced a similar bill on March 30, ...

The founder of Hex, Richard Heart is all set to launch PulseChain blockchain with PLS being its native token and PLSX , the DEX application. The much-awaited PulseChain testnet V3 was released last week and the mainnet could be released “any time now” tweeted Heart. Read here to know more details about the PulseChain testnet launch for a better and more in-depth understanding. Now that the V3 testnet is launched, deploying the mainnet could be faster than imagined, according to Heart’s latest tweet. The founder took to Twitter to announce that PulseChain could be released “without warning”. “This is your warning that PulseChain and PulseX can launch at any time now without warning,” he tweeted. Also Read: VeChain: VET Price Prediction For April 2023 This is your warning that PulseChain and PulseX can launch at any time now without warning. https://t.co/tyQE8i8y5h, https://t.co/vZIuPqXDpo — Richard Heart (@RichardHeartWin) March 26, 2023 Reading between the lines, ...

Mar 25, 2023 at 11:23 // Price Author Coin Idol Quant (QNT) is currently trading in the downtrend zone and continues to encounter rejection at the $135 resistance zone. Quant long term price forecast: bearish The cryptocurrency asset was trapped between the moving average lines for a week after the initial rejection. As selling pressure increased on March 24, the bears broke through the 21-day line SMA. QNT hit a low of $120.93 at the time of writing, and as sellers crossed the 21-day line SMA, the altcoin will fall and retest the next support level at $1...

The living and breathing dream of all Shiba Inu investors is to see their favorite token reach $0.01. That’s the ultimate goal which could change their finances and unlock a life full of comfort and ease. The 1 cent dream is alive and kicking and SHIB investors will not rest until it reaches that extraordinary milestone. If SHIB was a person and if a doctor checked its heartbeat, it would beat ‘1 Cent, 1 Cent’. Such is the enigma of the token and its investors while the objective of $0.01 is talked about every day. So when and how will Shiba Inu reach $0.01? How many years would it take for it to reach there and what could drive its price up? Several questions remain unanswered at this time, leaving investors confused about its prospects. Then comes Shibarium . Also Read: Shiba Inu: If You Invested $100 in Jan 2021, You Could Make $14 Million Today Shiba Inu’s Journey Towards $0.01 Rests On Shibarium’s Shoulders Source: Twitter The Shiba Inu community has seen third-par...

Ledger CEO Pascal Gauthier said that anyone trying to centralize crypto will fail, saying that centralization and crypto are "two magnets that’s just not going to stick together." The collapse of major banks highlights the need for Bitcoin (BTC) and self-custody according to Pascal Gauthier, the CEO and Chairman of hardware wallet provider Ledger.  In an interview with Cointelegraph reporter Joseph Hall at the Paris Blockchain Week, Gauthier spoke about how recent events show how BTC can be a safe haven against the threat of central authorities. He explained that: “Bitcoin was designed in reaction to Lehman Brothers in the 2008 crisis. It was designed because you can't trust central authorities. And, it's designed because it's clear that central authorities will fail. It's not a question of if. It's more a question of when.” According to Gauthier, whenever incidents like Celsius, FTX and bank collapses happen, people, flock to self-custody and to crypto...

Your crypto wallet will become your mailbox and offer functionalities that Web2 messaging platforms like Discord and Telegram can only dream about. A new era of messaging applications will soon cross the chasm of Web3 mass adoption. Web3 messaging applications will become an integral part of the Blockchain ecosystem, allowing users to communicate with each other and interact with decentralized applications (DApps) and the protocols themselves in a secure, direct, decentralized manner. This editorial will discuss the benefits and challenges of Web3 messaging applications and their impact on the future of communication. Web3 messaging protocols, such as the Extensible Message Transport Protocol (XMTP), are implemented on a decentralized communication network, using a peer-to-peer architecture to facilitate communication between verifiable identifiers like an Ethereum public address or an Ethereum Name Service domain. Unlike traditional messaging platforms such as Telegram or Discord...

Ted Cruz said it is “more important than ever” to ensure the financial privacy of American citizens is preserved. Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency (CBDC). In a March 21 statement, Cruz said he introduced the bill to prevent the Fed from developing a retail CBDC “which could be used as a financial surveillance tool by the federal government.” Cruz stated it’s “more important than ever” to ensure U.S. policy on digital currencies protects “financial privacy, maintain’s the dollar’s dominance and cultivates innovation,” and added: “CBDCs that fail to adhere to these three basic principles could enable an entity like the Federal Reserve to mobilize itself into a retail bank, collect personally identifiable information on users, and track their transactions indefinitely.” Cruz claimed the federal government has “no authority to unilaterally establish” a CBDC. “We ...

Mar 21, 2023 at 08:12 // News Author Nina Lyon An annual inflation rate of 100% is prompting Argentines to increasingly opt for cryptocurrencies. Bitcoin becoming a haven for Argentines The latest data points out that Argentina's annual inflation rate surpassed 100% in February 2023, reaching the highest level since the country's hyperinflation in 1991. Bitcoin and other cryptocurrencies have become a haven for Argentines trying to save their assets. However, Argentina's Federal Public Revenue Administration (AFIP) points out th...

DLT Science Foundation opened its call for grant proposals, offering up to $5 million for eligible individuals or organizations. The non-profit organization DLT Science Foundation (DSF) has launched with the aim of fostering the adoption of distributed ledger technology (DLT).  In an announcement sent to Cointelegraph, the DSF highlighted that it will offer support in several areas including education, innovation and research. This means that it will create educational material, workshops and open innovation programs as well as grants and fellowships for academics. The organization will also be providing support through grants to members of its university network. The network includes universities like the Indian Institute of Technology Madras, the London School of Economics, the National University of Singapore, the University College London and the University of Zurich. The DSF is also supported by the open-source public ledger project Hedera. According to the announcement, Hedera w...

Mar 19, 2023 at 09:59 // Price Author Coin Idol The following cryptocurrencies had the worst week of all altcoins. In the last few days, the price of Bitcoin has seen a dramatic rise as it broke above the overhead resistance level. Many cryptocurrencies have been performing well and climbing to new highs. The prices of the following cryptocurrencies failed to rise despite the recent upward trend . We will discuss a handful of these additional coins in more detail later. Huobi Token Huobi Token (HT) is in a down trend but consolidating above the $4.00 ...

Following an announcement last month of its impending arrival, Instagram has officially begun selling verification for $11.99 to users based in the US. Moreover, Mark Zuckerberg announced the Meta Verified system is rolling out today and will allow users to gain access to the coveted verification badge. The decision to implement a paid verification system follows a similar approach taken by the Twitter Blue subscription model. Similarly, users are set a monthly fee for them to gain access to the verified check. Conversely, Twitter has been forced to implement safeguards to protect from false identity accounts; something Instagram will also introduce. JUST IN: Instagram officially begins selling verification for $11.99 / month in the US. pic.twitter.com/sRsIxl3OQd — Watcher.Guru (@WatcherGuru) March 17, 2023 Instagram Selling Verification Last month, Mark Zuckerberg announced the impending arrival of a Meta verification feature. Moreover, the development would allow us...