NFT News Official TheBitTimes.com

The number of Bitcoin wallet addresses in profit hit a record 39.1 million on October 30, surpassing the previous high of 38.1 million in November 2021. The in-profit BTC addresses are currently at an 18-month high of 81.1%, according to Glassnode data. This percentage increased from 60% to 80% in just two months. The BTC addresses at a loss have also dropped to a little over 9 million. In December 2022, as the crypto market plunged due to FTX’s bankruptcy, more than 20 million addresses were at a loss. The significant increase in in-profit addresses comes as BTC nears an 18-month high. Bitcoin is currently up by around 26% in just one month and was trading at $34,526 at 08:00 ET on October 31. The total number of non-zero BTC addresses currently sits at 48.3 million despite Bitcoin’s spot price remaining 50% lower than its ATH. Bitcoin Shows Strength Above $34K Bitcoin’s price continues to show strength at the $34K level despite market chatter on spot BTC exchan...

As Bitcoin (BTC) takes a little break from its previous gains, the relationship between the largest cryptocurrency by market capitalization and the stock market is often a matter of interest among analysts, and recently this correlation has hit a record low for more than two years. Specifically, the weekly correlation of the maiden crypto asset to the Nasdaq index has dropped to -0.39, its lowest point since August 2021, or 26 months, as observed by the co-founder of crypto market analytics platform Reflexivity Research, Will Clemente, in an X post published on October 30. Bitcoin’s correlation with stocks since early 2021. Source: Will Clemente Meanwhile, stocks have experienced a massive turn for the worse in recent weeks, shedding a significant portion of their gains due to increased macroeconomic challenges, whereas Bitcoin witnessed a major rally that managed to flip the market capitalization of electric vehicle manufacturer Tesla (NASDAQ: TSLA). At the same time, the fina...

Scams and hacks are preventing new users from entering the crypto industry. Crypto theft will continue until users become adequately educated. Escalating cyber threats signals an urgent need for fortified security measures. According to Rosco Kalis, founder of Revoke.cash, it will be hard to attract enough new users for crypto to become mainstream as long as scams and hacks are prevalent within the crypto industry. Kalis said this to Coinedition while analyzing the increasing cases of crypto hacks occurring in the blockchain industry. The security expert noted that the trend would continue until crypto users become adequately educated on the workings of the industry. He proposed that solving this prevalent problem would require educating new crypto users on the security topics peculiar to the industry. Kalis also noted that the better solution would be to provide users with the right tools to protect themselves without too much time spent on education. To...

A former National Security Agency ( NSA ) employee may face life in prison after pleading guilty to attempting to sell US defense secrets to R US sia in exchange for crypto .  31-year-old Jareh Sebastian Dalke leaked four top secret files and excerpts of three more while working as an information systems security designer for the NSA.  Dalke shared these files with an FBI online covert employee (OCE) whom he believed was a Russian Federation agent. Last week’s plea agreement says he shared the top secret documents with the intent to “injure the United States and to benefit [Russia].”  Dalke requested $85,000 in crypto for the documents and promised he could supply more in the future. For the three excerpts, the OCE sent Dalke $16,499 in undisclosed crypto. Protos reported last year that the crypto was likely Monero. The crypto was received through his Kraken account. Then he converted some of it into US dollars before sending the funds to a Colorado bank in his name. ...

Billy Markus, Dogecoin co-creator, said Bitcoin ATMs are rip-offs after a user said they tried to use one.  Bitcoin ATMs have boomed in the U.S., with over 27,394 in the country, growing at a daily rate of 3.7.  Markus, in a separate tweet, said he is holding 0.01 BTC and hopes Bitcoin gets to a trillion dollars. In a recent tweet on X, Dogecoin Co-Creator Billy Markus, also known as Shibetoshi Nakamoto, expressed his displeasure with Bitcoin automated teller machines (ATMs), calling them rip-offs. His statement came in reaction to a tweet by a user who said he tried out the ATM for the first time.  First time I’ve seen one of these out in the wild pic.twitter.com/rXLyD0FQ7a — Sir Doge of the Coin ️ (@dogeofficialceo) October 29, 2023 Notably, the user shared a picture of a store’s poster that said “Bitcoin ATM Inside.” The user said it would be their first time seeing a Bitcoin ATM.  In response to the post, Markus remarked, ...

The crypto world continues to surge with innovation and investment. On October 25, 2023, several exciting crypto projects and companies secured significant funding rounds. Let’s dive into the details of these game-changing investments. 1. TonUP – Seed Overview: TonUP, a pioneering DeFi launchpad, announced a Seed funding round on October 24, 2023. Investor: The round was led by TONcoin.Fund, with participation from Foresight X, Waterdrip Capital, BitFund DAO, and angel investors. Company Profile / Project Introduction: TonUP serves as the ultimate launchpad for promising assets on The Open Network, aiming to identify and support groundbreaking projects in the Crypto space. 2. Virtual Labs – Pre-Seed Overview: Virtual Labs raised $1.2 million in Pre-Seed funding on October 24, 2023, with a valuation of $20 million. Investor: OP Crypto led the round, joined by Byzantine Marine, Koyamaki Ventures, NEAR Foundation, and angel investors. Company Profi...

The conflict in the Middle East between Israel and Palestine is proving to be expensive for new BRICS member Egypt , as the US dollar sharply spiked by 50% in the country’s foreign exchange black market. The development is stunting the growth of an already ailing economy in Egypt making the US dollar stronger in both the legal and forex black market. Also Read: BRICS: Global Power Dynamics Shifting From the West One US dollar is officially worth 30.90 Egyptian Pounds (EGP), according to the traditional foreign exchange market. However, the same value puts the Egyptian Pound range from 45 to 47 EGP against the US dollar. BRICS member Egypt’s currency is at a record low against the US dollar in both the traditional and black market. The move brings inflation into Egypt as basic commodities, mostly exports, will rise tremendously. Egypt is directly impacted by the ongoing Israel and Palestine conflict as it shares a border with the country. Also Read: BRICS: Indi...

Dubai, October 25, 2023 – The 11th edition of the Block chain Life Forum, widely recognized as the premier meeting point for global cryptocurrency leaders, concluded with a gathering of over 7000 attendees from 120 countries. Block chain Life has become the center of crypto activities, as well as one of the largest and most important Events in the world, summing up the Crypto Year. Once again, traditionally accompanied by the growth of Bitcoin and a bunch of side Events , Blockchain Life 2023 took place in Dubai. The main stage provided a platform for more than 100 distinguished speakers, and exemplars of the industry, to share their market insights and insider Analysis . These luminaries included founders and С-level of Binance, TRON, Ripple, Bybit, Animoca Brands, Circle, Tether, OKX, HTX, Kucoin, Mastercard, ICP, Trust Wallet, Sandbox, Near, Litecoin, Bitmain, Marathon, Canaan, WhatsMiner, Bitfury, Consensys, BNB chain , Mantle. Moreover, H.E. Justin Sun gave an exclusive...

Santiment shared that some tokens are drifting under the radar despite their positive price performances over the past week. ETH’s social volume has decreased by more than 17% despite its 13+% price rise over the past seven days. The post shared by Santiment also pointed out that ADA and XLM are also being overlooked. The market intelligence platform, Santiment, shared on X today that although many cryptocurrencies have flourished in the second half of October, price performance is no guarantee of social media interest. Some top performing tokens are being left in the background. It's no secret that the vast majority of #crypto has flourished here in the second half of October, particularly large and mid cap assets. While assessing your portfolio, be mindful of assets that may be under the radar compared to their averages, such as $ETH, $ADA, or $XLM. pic.twitter.com/FWodboPEmQ — Santiment (@santimentfeed) October 26, 2023 Santiment warned tra...

In the realm of crafting written content, three fundamental elements reign supreme: “perplexity,” “burstiness,” and “predictability.” Let’s delve into what these mean. Perplexity gauges the intricacy of the written word, measuring its labyrinthine nature. Burstiness, on the other hand, dissects the variance in sentence structures, comparing the expansive and the concise. Lastly, predictability navigates the terrain of foreseeing the forthcoming sentence, or how adeptly one can anticipate it. Human authors tend to weave their narratives with bursts of complexity, interspersing intricate sentences with succinct ones. In contrast, AI-generated sentences often follow a more uniform trajectory. Hence, in the composition that follows, we aim to infuse it with a healthy dose of perplexity and burstiness while minimizing predictability. The canvas upon which we shall paint is the English language, and the text in question is as follows: “Envisio...

Anthony Scaramucci, founder of SkyBridge Capital, anticipates a challenging criminal trial for Sam Bankman-Fried, predicting that experienced prosecutors will find weaknesses in his defense. In an Oct. 25 interview on CNBC’s Last Call, Scaramucci expressed his belief that the United States Department of Justice prosecutors will easily dismantle Bankman-Fried’s defense, potentially adding years to his sentence. “He’s gonna get skinned alive ; there’s no way to escape. He thinks he’s going to outfox the prosecutors, but they’re very, very well experienced with this stuff.” Anthony Scaramucci, founder of SkyBridge Capital Scaramucci’s comments come amid growing scrutiny of Bankman-Fried, who was once viewed as a philanthropic figure in the crypto industry. “A year ago, he was considered a congenial nerd who planned to give all his money away,” Scaramucci said. However, recent testimonies from former executives at FT...

Applications will be accepted for consideration until November 30. Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26.  Title simply “Solana Incubator,” the program will offer fundraising , development, networking, and marketing support for web and blockchain projects seeking to build on Solana’s platform. Building a web3 startup on the Solana network? ️ Today, @SolanaLabs introduces their Solana Incubator, so you can get hands on technical, go-to-market, and funding support! Learn more and apply https://t.co/W10WnEgDwQ — Solana (@solana) October 26, 2023 The Solana Incubator will accept applications through Nov. 30. Those accepted will purportedly receive support from the Solana Labs team and its partners throughout the development, marketing, and launch phases of their projects. According to Emon Motamedi, Product Manager at Solana Labs: “Our priority with the Incubator program is to remove the biggest obstacles current...

The FCA issued a statement on Oct. 25, warning crypto firms that they still need to comply with the new rules on financial promotions for crypto assets. The FCA said it has identified 221 breaches of the rules by crypto firms since then and will take “robust action” against them. The new rules require crypt o firms to provide clear and prominent risk warnings, accurate and balanced information, and appropriate safeguards for consumers when they market their products and services to UK consumers. The papers also classify crypto assets as “Restricted Mass Market Investments, ” meaning they can only be promoted to certain types of investors, such as professional clients or high-net-worth individuals. You might also like: Impact of FCA’s new crypto rules: market shifts and high-profile exits The regulator said it found that many crypto firms still need to comply with these rules and are making misleading or inaccurate claims about the benefits, safety,...

When delving into content creation, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the diversity of sentence structures. Finally, predictability determines the likelihood of anticipating the following sentence. While humans tend to write with a blend of long and complex sentences interwoven with shorter ones, AI-generated text often tends to be more uniform. Thus, in crafting the content you’re about to embark upon, it’s imperative to infuse it with a healthy dose of perplexity and burstiness while minimizing predictability. This creative endeavor should exclusively employ the English language. Now, let’s reimagine the following passage: The settlement service, though not the pioneer in the issuance of digitalized securities, marks a significant milestone due to its magnitude. Euroclear has introduced a digital securit...

Oct 25, 2023 at 10:10 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the price of Cardano (ADA) has regained upward momentum after breaking above the moving average lines. Cardano price long-term forecast: bullish The cryptocurrency asset has continued its up trend and has retraced above the $0.27 support level in search of a new upside momentum. At the time of writing, the price of ADA/USD is at $0.28. Cardano's action radius has been exhausted. The altcoin moved between $0.24 and $0.27 in the last price movement. The b...

MKR saw its price drop 7.45% over the past 24 hours according to data from CoinMarketCap. The latest drop in price comes after MKR was rejected by the $1,605 resistance level. Technical indicators on MKR’s daily chart were also flagging bearish at press time. The price of Maker (MKR) underwent a strong correction over the past 24 hours according to data from the cryptocurrency market tracking website CoinMarketCap. At press time, the altcoin was down 7.45% and was changing hands at $1,448.66 as a result. Daily chart for MKR/USDT (Source: TradingView) MKR’s price had been in a consolidation phase between $1,385 and $1,488 over the past 2 weeks. During this period, the altcoin’s price had briefly broken out of the sideways channel more than once. The first breakout was recorded on 27 September 2023, when a 5+% move propelled the cryptocurrency’s price to above the $1,488 mark. It then continued to rise in the following 24 hours and attempted to flip the ...

Crypto-based firms like Coinbase and MicroStrategy experience notable upticks on the stock market and Bitcoin rallies. Companies with significant cryptocurrency holdings or operations are experiencing a positive market response as Bitcoin rallies over the $35,000 mark on Oct. 24th.  Crypto exchange Coinbase Global Inc. and corporate Bitcoin investor MicroStrategy Inc. saw their stock prices swell by 14 percent and 12 percent, correspondingly, as the market commenced. Similarly, cryptocurrency mining companies Marathon Digital Holdings Inc. and Riot Platforms Inc. also reported over 13 percent in gains during the early hours of trading. Crypto mining infrastructure provider Bit Digital also experienced a 4 percent increase on the stock market today, as Robinhood shares also experienced a notable 2 percent increase. The Bitcoin Fear and Greed Index has also shifted to green, which was mostly in the ‘fear’ zone throughout last month.  This upward trajectory in both...

Cathie Wood’s investment company, ARK Invest, sold shares of the Coinbase crypto exchange and the Grayscale Bitcoin Trust (GBTC) worth about $5.8 million. The transactions took place through several of the firm’s funds. Thus, ARK Next Generation Internet ETF sold 100,739 GBTC at $24.71 and 32,158 COIN at $77.21. ARK Fintech Innovation ETF sold out 10,455 COIN at $77.21. Cathie Wood and Ark Invest's trade activity from today 10/23 pic.twitter.com/3SilCpHQFG — Ark Invest Daily (@ArkkDaily) October 24, 2023 The investment firm is likely taking profits from the recent crypto rally. On Oct. 24, Bitcoin (BTC) reached $35,000. Following BTC, other assets from the top 10 by capitalization also went green. Source: CoinGecko At the time of writing, the first cryptocurrency is trading at $34,416.41, having increased by more than 20% over the past week. According to MarketWatch, Coinbase is valued at $83.85 in premarket trading, up 8.6% overnight. ARK Invest and ...

Coinbase has denounced rumors of it imposing Bitcoin withdrawal limits circulating on social media as inaccurate. Crypto exchange Coinbase has refuted rumors it had imposed a $5,000 per week limit on Bitcoin (BTC) withdrawals after a user's post claiming as such gained traction on social media.  An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted his withdrawals of Bitcoin from Coinbase to a maximum threshold of $5,000 a week. The post gained over 250,000 views, with more than 420 retweets and nearly 2,000 likes. The post also gained attention of crypto researcher Chris Blec, who asked if anyone could verify the claim being made. . @Coinbase is limit ing bitcoin withdraw ls. I just tried to send BTC from Coinbase to my cold wallet, and encountered a NEW $5k/wk withdraw l limit policy (implemented 10/13). I've been a Coinbase customer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!! — Colin Brown (@thecolin...