NFT News Official TheBitTimes.com

Lawyer John Deaton supports claims of China’s influence on Ethereum. Deaton recently shared an article wherein the author alleges ties between Chinese company Wanxiang and Ethereum. The article also claims Ethereum took donations from Chinese companies in return for undisclosed favors. Pro-XRP lawyer John Deaton recently reposted a viral article that alleges China’s influence on Ethereum. While agreeing with the views in the blog, Deaton also brought up how former the SEC chairman William Hinman testified that he knew how much ETH Vitalik Buterin, the Ether Foundation, Joseph Lubin, and Consensys owned, but had forgotten the percentages of ownership.  “This metronomic pattern led Byrne to conclude that the bulk of the tokens were likely sold “to one person or, more likely, a handful of close associates working in concert.” Hinman testified he had learned how much #ETH @VitalikButerin, the Ether Foundation, @ethereumJoseph and… https://t.co/vNmtm3CKUp — ...

This week’s episode of Market Talks discusses whether it will ever be “too late” to buy Bitcoin and why BTC could take over the financial world. On the latest episode of Cointelegraph’s Market Talks , host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin invest ment thesis and his unique perspectives on how the asset’s price could eventually rise into seven-figure territory. Broyles said that in 2020, he realized the bond market was broken. While searching for alternative invest ments, he discovered Bitcoin as a sound option. When asked about his Bitcoin invest ment strategy and how he stomachs the volatility, Broyles said:  “I do not own bonds. I have sold off 97% of my stocks over the past three years, and I’m selling off the last 3% this week actually, so it’s funny that you ask that. By the end of this week, the only three assets that I will own will be U.S. ...

The Swiss bank SEBA received an in-principle license approval from the Hong Kong Securities and Futures Commission (SFC). The in-principle approval from the financial authority will allow the entity to operate in the crypto industry. The company can offer advisory services in the crypto industry and products like over-the-counter derivatives. The Asia-Pacific CEO of SEBA Hong Kong, Amy Yu, explained that Hong Kong has big potential thanks to the new approvals that local financial regulators are currently giving. She added that while China is currently facing a ban on the crypto industry, Hong Kong is positioning itself as a strategic location. You might also like: Hong Kong’s financial secretary Paul Chan sees web3 as future SEBA is the Hong Kong arm of crypto-friendly Swiss bank SEBA Bank. The entity helps companies by giving financial advice and consulting services to manage crypto assets. The Swiss SEBA bank works with traditional banking and crypto services in Swi...

Grayscale’s legal victory against the Securities and Exchange Commission (SEC) renews optimism for a US Bitcoin exchange-traded fund (ETF), boosting trading, investor sentiment , and overall financial market s. The crypto and wider crypto-related stock markets are relatively firm hours after Grayscale’s win against the Securities and Exchange Commission (SEC) at the District Court of Colombia. On Aug. 29, a trio of federal judges in Washington, effectively overturned the SEC’s decision to block Grayscale’s sport Bitcoin ETF rollout. With this landmark victory, the crypto community senses that the first-ever Bitcoin ETF in the US is imminent, and it has triggered cascading impacts on market sentiment and dynamics. JUST IN The D.C. Circuit ruled in favor of @Grayscale in our lawsuit challenging the SEC's decision to deny $GBTC's conversion to an ETF! Thank you to everyone who has been on this journey with us, especially our investors. We are grateful for your suppo...

TinyTap, a subsidary of Animoca Brands, rolls out new AI features for educations and parents to generate educational games and images based on prompts. TinyTap, an ed-tech subsidiary of Web3 developer Animoca Brands, announced on Aug. 30 the integration of new artificial intelligence (AI) and nonfungible token (NFT) tools aimed at educators and parents.  The integration of AI will now allow educators, and anyone using the platform, to create an educational game via a topical prompt which will then generate the game within minutes. It also introduced a text-to-image tool allowing for the creation of dynamic educational images to enhance games and graphics. A text prompt being entered into the TinyTap AI game generator. Source: TinyTap A TinyTap AI generated game based off the text prompt entered. Source: TinyTap It says the data used in the AI generator tools draws on over a decade of data within the TinyTap system based on the “ learning architecture of over 250,000 games, million...

Clockwork, a Solana-based smart contract automation project, will cease key operations by the end of October due to a lack of commercial viability . The announcement came via a series of Twitter posts on Aug. 27, where Clockwork founder Nick Garfield revealed that active development of the protocol would cease and its nodes on both devnet and mainnet would be turned off on Oct. 31. Hi all, bittersweet news today. The team and I behind @clockwork_xyz have decided to step away from active development of the protocol. 1/ — Nick (@time_composer) August 27, 2023 Garfield pointed to “simple opportunity cost” as the driving factor behind the move, acknowledging that the team sees more potential in exploring other avenues. Clockwork enables users to schedule Solana (SOL) network transactions and automate smart contracts to execute applications based on specific triggers. Despite the shutdown, Clockwork’s code will remain open-source and freely accessible, wit...

Web3 infrastructure firm MoonPay branches off to create MoonPay Ventures, which will direct the firm to invest in web3 infrastructure and gaming. MoonPay, a web3 infrastructure firm, has launched an investment division named MoonPay Ventures. This new branch aims to focus on nurturing early-stage startups specializing in web3 technology, gaming, and closely related fintech sectors. The news comes as the company acknowledges the increasing significance of web3 and its role as a catalyst in the emerging digital ecosystem. / Today, we unveil MoonPay Ventures! Our invest ment arm is committed to MoonPay’s mission – forging vital infrastructure for leading wallets, exchanges, and brands – all accelerating Web3 adoption pic.twitter.com/DcDevCLLdw — MoonPay 🟣 (@moonpay) August 29, 2023 MoonPay Ventures plans to invest sums ranging from $100,000 to $1 million, primarily in seed and Series A funding rounds. Abhay Mavalankar, the vice president of corporate development...

Verasity is the home to one of the fastest-growing communities at the intersection of a variety of gaming, esports, and blockchain. They are intentional about building an international community that is currently supported in 18 languages with more to come. Verasity Unique Features VeraEsports — Accelerating the Evolution of Esports with Blockchain VeraEsports is creating unlimited possibilities for users at the intersection of gaming and crypto by introducing esports enthusiasts to in and out of game NFTs and rewards for watching and competing in your favorite esports tournaments. VeraWallet — Guaranteed Security and Growth for Your Portfolio Furthermore , VeraWallet is an ultra-secure all-in-one digital currency wallet for people who love esports and NFT. As a result, with VeraWallet, you can buy VRA, redeem earned VRA, and send VRA to other wallets and exchanges. VeraViews — solving the ad-fraud problem with an end-to-end ad stack based on unparalleled transparency. In a...

Shiba Inu (SHIB) has had a host of collaborations this year. One of the most anticipated is the one with renowned fashion designer John Richmond. The two are all set to take over the Milan Fashion Week 2022, which has already begun rolling out the carpets and setting up the runways. To kick off the big event, the Shiba Inu and John Richmond family invited everyone to a party held on the evening of the 21st of September. Richmond took to Twitter to invite the Shib Army and his fans. The Shiba Richmond family is inviting you all to the private party for the #MilanFashionWeek in Milan tonight. The Richmond team is hoping to see you starting from 7.30 PM. #MFW#LegendsLiveForever #SHIB #fashion #ShibaJohnRichmond #Richmond #SHIBARMY #JR pic.twitter.com/yBkQiuk1Q3 — John Richmond (@JRichmondstyle) September 21, 2022 Not much was known about what went on at the party, until today when Richmond shared a video clip of the evening. Well, let us just say, the Shib Army sure see...

The Drip Teddy Club is integrating Chainlink Verifiable Random Function (VRF) into the NFT project to help power fair NFT mint. By integrating the industry-leading decentralized oracle network, we can obtain access to a tamper-proof and auditable source of randomness needed to help randomly determine NFT traits. Ultimately this creates a more exciting and transparent user experience, as each user has a fair chance of minting an NFT with the most desirable traits. Drip Teddy Club is a project that is bringing the cool factor back to NFTs. Each Drip Teddy is dripped with their own style, charisma, and Meta-verse swagger that will become a blockchain celebrity similar to NFT projects such as the BAYC, Crypto Punks, etc. Drip Teddy Club will not only deliver a digital collection of 10,000 uniquely designed teddies, but each teddy will also feature it’s own soundtrack provided by the platinum and legendary producer Lex Luger who has produced hits like Waka Flocka Flame “Hard In The Paint”...

In an exclusive interview, Feng Qiya, a Chinese deputy to the National People’s Congress (NPC), said she would propose establishing a digital collection regulatory system in the annual Beijing meeting called “Two Sessions.” Two Sessions is the nation’s most important annual political gathering with the NPC and the Chinese People’s Political Consultative Conference (CPPCC). Part of Qiya’s proposition would be clarifying the legal characterization of digital collections, NFTs. Additionally, Feng intends to ask the government to clamp down on NFT speculation so that digital collectibles would not be turned into investments and sold as securities. Qiya was quoted saying: While the digital collection industry is developing rapidly, the current supervision is still based on industry self-discipline and local regulations, lacking a top-down supervision system coordinated by multiple departments. Furthermore, the report highlighted that digital collections in ...

The crypto market can present opportunities for discerning invest ors. At the moment, invest ors are looking at Maker (MKR), THORChain (RUNE), and Borroe (ROE), considering their growth potential. ROE is the newest of the three tokens, and analysts maintain a bullish preview of this project.  This article digs deeper, exploring why. Maker’s revenues soar to a 2-year high MakerDAO’s rising network activity has pushed its revenue to $165 million, a 2-year high. The increase follows the surge of DAI deposits, which currently stand at 5.5 billion DAI, a near 4-fold increase. You might also like: Coinbase to delist USDT, DAI, and RAI for Canadians As more DAI holders lock their stablecoins, MKR prices are edging higher. At this pace, analysts expect even more gains towards $1,350, spurred by rising deposits. THORChain and defi TVL expands The decentralized finance (defi) market is mixed. With regulatory issues in the equation, several projects, including THOR...

The Shiba Inu [SHIB] ecosystem has been navigating through the contentious release of its layer-2 protocol, Shibarium. In the midst of this situation, SHIB faced a significant decline and was unable to rally. Nevertheless, there are those who maintain optimism about the meme coin’s potential for an upward movement. While the possibility of SHIB reaching $0.01 might seem ambitious, it is certainly not beyond the realm of possibility. The topic of whether Shiba Inu can achieve a value of $0.01 is a prevalent conversation among novice investors. Judging from the market cap alone, Shiba Inu would need a considerable expansion from its present value of $4.76 billion. To reach a token price of $0.01, SHIB would require a market capitalization of $5.9 trillion. It’s important to emphasize that achieving a market capitalization of $5.9 trillion would position Shiba Inu as a larger entity than Apple. This aspiration is highly speculative and falls beyond the conceivable realm, at...

John Deaton questioned many SEC seniors’ ethics and mentioned instances of conflicts of interest. Former SEC director William Hinman benefited financially from a law firm while working at the SEC. Jay Clayton, former SEC chairman, made profits alongside Hinman from Alibaba’s IPO. In a detailed thread, John E. Deaton, attorney and founder of Crypto Law, shared the existing conflicts of interest among the U.S. Securities and Exchange Commission (SEC) staff. Deaton’s statement is prompted by a tweet that emphasized how improper it was for former SEC chairman Jay Clayton’s financial interests to not be looked into after Clayton filed the XRP lawsuit on his last day of work. Immediately after, Clayton began working for a hedge fund that had made $1 billion on competing tokens three months earlier.  Deaton praised honorable SEC officials such as retired attorney Marc Fagel, who specialized in SEC enforcement and securities litigation. According to De...

Binance announced the suspension of its crypto debit card services in Latin America and the Middle East starting Aug. 25. Crypto debit cards allow users to make purchases using their crypto . Binance Card enabled its users to cover daily expenses using crypto assets. The news was known first when a Colombian user sent a query about using the card to Binance via X. Binance Customer Support replied that the service would be suspended starting Aug. 25. Hey Binance Colombia could you further explain what happened with the Binance card? What were the hurdles? Could we expect another card soon? — Le gamin immigré (@Legaminimmigre) August 23, 2023 Crypto.news reached out to Binance to understand the reasons behind the decision. The company explained that the change affects less than 1% of users in the specified regions. You might also like: Binance accused of violating sanctions placed on Russia Affected users can utilize the card until Sept. 21, 2023, but Binance a...

KEKKAI partners with Conflux Network. KEKKAI became the first Japanese Web3 Security Company to join the ecosystem of L1 blockchain Conflux. The collaboration between KEKKAI and Conflux aims to cultivate a secure Web3 environment on the Conflux network. By enhancing coordination and implementing comprehensive security programs, they strive to strengthen overall ecosystem security. KEKKAI is a free anti-scam tool designed for Web3 users. Its mission is to create a “safe and secure Web3 for everyone.” In the realm of Web3, which includes NFTs and metaverses, fraud and theft have emerged as major concerns. In 2022, the industry suffered approximately $3.8 billion in damages, a 289% increase compared to the previous year. Addressing this issue is crucial for the future growth of the market. The KEKKAI Ecosystem Introducing KEKKAI, a free browser extension specifically designed to prevent damages of this nature. Before executing any transactions, KEKKAI simulates the transactions within its...

Top 25 accounts on FriendTech have reported high earnings, with the top account earning over $144k.  The top 25 accounts average $1.2k to $6.3k daily earnings. The platform has now recorded over $39 million in trade volume and over 100k active users. Days after its beta launch, top users on the Social Fi platform FriendTech are already raking in high earnings through royalties, according to a CoinGecko Analysis . The report shows the earnings of the top 25 earners on the platform from August 10 to August 22, 2023. Per the report, the top account has earned over $144k, while the 25th ranked has earned $14.9k. Also, the report reveals an average of $1.2k to $6.3k made per day by the top 25 accounts. The report shows that most top royalties earners are crypto influencers with a high popularity on X (formerly Twitter). Thus, many influencers have successfully migrated their fan base from the platform to FriendTech. Interestingly, the report detailed t...

Also Read: Russia’s Putin Says US Dollar Losing Global Role; Bitcoin To Gain? advertisement Attorney Caleb J. Robertson Appears For Garlinghouse In a filing dated August 22, 2023, Attorney Caleb J. Robertson of Cleary Gottlieb Steen & Hamilton LLP appeared on behalf of the Ripple CEO in the lawsuit against the US SEC. In the filing, the attorney requested the court to provide all papers and communications in the lawsuit. Besides the Ripple litigation, attorney Robertson has experience working in enforcement space for a cryptocurrency platform “In connection with multiple government investigations.” He also represents financial institutions, securities trading firms, investment managers, and public companies in regulatory issues. Ripple CEO’s Role In XRP Lawsuit In its December 22, 2020 complaint against the company, the US SEC named Garlinghouse along with Christian Larsen, the company’s co-founder for raising capital t...

First-gen blockchain games prioritized crypto-earning over gameplay, leading to an unsustainable growth model. Now, a Web3 gaming platform is about to change that. Many first-generation blockchain games were more concerned with crypto-earning than providing a great gaming experience. In contrast, Gala Games, a blockchain gaming platform with a proven history in the Web3 space, prioritizes fun and aims to address concerns about GameFi adoption. Decentralized gaming, better known as GameFi, has been quickly identified as one of the clear use cases for blockchain technology that has yet to see mass adoption. However, while the benefits of GameFi, like greater control and offering tangible rewards, have been well marketed, most gaming is still done on a centralized platform. To put things in perspective, Fortune Business Insights estimates that the global gaming market size was valued at $249.55 billion in 2022 and will grow from $281.77 billion in 2023 to $665.77 billion by 2030. In ...

On-chain threat monitoring system AegisWeb3 has issued a warning on X, alerting the community against phishing attacks imitating Friend.tech. According to AegisWeb3, a phony X account called @friendtech_web3 recently announced an airdrop for the Friend token and directed users to a fraudulent website. ️ Beware of phishing websites impersonating @friendtech️ A FAKE Twitter account @friendtech_web3 recently posted a tweet promoting an airdrop for $FRIEND and directing users to a phishing website. This tweet has garnered significant attention, with 674.2K views so far.… pic.twitter.com/9w7lWHKKxR — AegisWeb3 (@AegisWeb3) August 21, 2023 The bogus tweet has received much attention, with over 674,000 views thus far. You might also like: What is Friend.tech, social platform earning over $1m in fees Aegis’ warning comes on the heels of another scam update from Certik, a platform known for sending real-time tips about crypto scams and hacks. #CertiKSkynetAlert We have...