NFT News Official TheBitTimes.com

The crypto and Web3 community has mobilized to support relief efforts in Israel in response to the recent wave of Hamas terrorist attacks. The grassroots initiative, Crypto Aid Israel, has raised over $185,000 to date, with participation from over 30 companies worldwide. According to an announcement shared with crypto .news, the funds raised have gone towards immediate aid distribution to organizations providing essential services to Israelis impacted by the conflict . Two rounds of contributions have already been made, totaling 200,000 NIS (approximately $50,000 USD). Recipients include the Foundation for Advancing Citizens of Eshkol Regional Council, which supports communities near Gaza often excluded from government assistance. Crypto Aid Israel provided funds for transportation and shelter for evacuated citizens. Zaka, Israel’s volunteer emergency response organization, received support to secure medical equipment and protective gear for volunteers operating in combat zon...

Cryptocurrency and blockchain companies continue to attract significant funding in the ever-evolving digital landscape. On October 18, 2023, two noteworthy funding rounds took place, showcasing the industry’s vitality and potential. Let’s dive into the details of these funding rounds: 1. Prove Identity – Securing the Digital Realm with $40M Date: October 18, 2023 Financing Amount: $40 Million Valuation: Undisclosed Category: Others Subcategories: Identity, Privacy, Security About Prove Identity, Inc. – A Leader in Digital Identity Solutions Prove Identity, Inc. (“Prove”) has established itself as a global leader in digital identity solutions, and its recent funding round underscores its significance in the field. This $40 million funding round, led by MassMutual Ventures and Capital One Ventures, will further propel Prove’s mission to reshape the digital identity verification and authentication landscape. Prove’s succ...

Jim Cramer, a prominent TV financial commentator, recently discussed potential investment opportunities, including his views on Bitcoin and the broader financial landscape. Jim Cramer, a notable TV personality and financial advisor known for his lively discussions on CNBC’s “Squawk on the Street,” recently shared his reservations about potential investment opportunities. On a recent show, Cramer expressed skepticism about gold and shifted his focus to the ever-popular cryptocurrency, Bitcoin (BTC). Jim Cramer thinks #Bitcoin is about to crash! Is this another buy signal?pic.twitter.com/FvsToPdcvm — Crypto Rover (@rovercrc) October 10, 2023 Cramer remarked, “I can’t be in something where Mr. Bitcoin is about to go down big,” sparking debate and speculation among viewers. While his usage of the term “Mr. Bitcoin” remains ambiguous, some suggest that it might be a nod to the ongoing criminal trial of Sam Bankman-Fried in New York....

Juan Agustín D’Attellis Noguera, Director of the Argentina Central Bank, supports developing a local CBDC. The Minister of Economy, Sergio Massa, brought the initiative, aiming to create a CBDC to solve the country’s complex economic situation. D’Attellis Noguera said creating a local CBDC could help stabilize the Argentine economy. Noguera stated: “By having traceability of operations with a digital currency because it is not known who does them, but there is evidence that they were done, you broaden the tax base. This will allow you to raise more without having to raise taxes and even lower them.” You might also like: Worldcoin breaks an all-time high user record in Argentina Noguera said that the CBDC could help to improve the local monetary system. He added that the digital peso will be introduced gradually and coexist with cash, aiming to replace fiat currency. Massa, the current Minister of Economy and presidential candidate, said th...

In the latest Cointelegraph Report, we assessed the value AI is bringing to the crypto industry, by separating the hype from real use cases. In the latest Cointelegraph Report, we sought to find out the real value AI brings to the crypto industry beyond the hype surrounding the technology. To do so, we looked into three main areas where AI is impacting crypto : trading, data analytics, and user experience.  For many years, trading bots have allowed users to execute trades in an automated way based on certain pre-set parameters.  With the recent development of Large Language Models such as ChatGPT, AI-powered bots are capable of processing large amounts of historical data, which can be helpful in predicting future price movements.  However, despite the latest advancements, AI-powered bots are still not sophisticated enough to elaborate complex trading strategies. “It's basically like having a bunch of dumb partners who can, who can adhere to very basic commands, but they can'...

Blockware Solutions account executive David Gamble told Market Talks host Ray Salmond that the crypto market will hit a $10 trillion market cap in the next few years. On the latest episode of Market Talks , host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price , and his views on how the decentralized finance (DeFi) sector needs to evolve.  Gamble described himself as a staunch believer in DeFi, but he added that protocols within the industry need to find ways to incorporate tokenized real-world assets instead of relying on mercenary capital and the attraction of liquid staking. According to Gamble, the steady entry of institutional investors and even central bankers experimenting with tokenized bonds and other yield-bearing assets could be a step in the right direction. The best time to buy Bitcoin is now Bitcoin’s block reward halving is less than 300 days away, and many i...

Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Decentralized exchange LeetSwap, which operates on Coinbase’S Base network has announced a sudden pause to trading , citing concerns of a potential exploit . LeetSwap tweeted on Aug. 1 that it noticed some of its liquidity pools may have been compromised and has temporarily able stopped trading to investigate. Algorithmic market maker Wintermute’s research head Igor Igamberdiev was among those sharing theories on how the exploit may have worked, saying the attacker could have used an exposed smart contract function. Related: Pro-XRP lawyer Jeremy Hogan’s scam tweet bonanza finally falls silent The function would have allowed them to undertake a series of token swaps eventually allowing them to drain liquidity pools on LeetSwap. It was easy: - swap a bit of WETH for X tokens (should have fees) - call _transferFeesSupportingTaxTokens(address, uint256) to move tok...

The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience. The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX design ers. Over the years, discussion around mainstream adoption of Web3 has centered around the need to improve crypto’s user experience and “ease of use.” However, in a July 12 Twitter post, Web3 UI/UX design er “0xDesigner” argued that certain properties of blockchain make it challenging to build easy-to-use Web2-like applications. Web2 vs Web3 UX I was asked by a reporter from a crypto publication about the disparity between web2 and web3 UX. It’s a meaningful line of questioning that isn't covered enough. So I’m going to share some half-baked thoughts in hopes that it triggers more discourse. Why is… — 0xDesigner (@0xDesigner) July 12, 2023 Acco...

The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation. A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “ travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing — explained that “many” member states have failed to implement the rule. The call comes after a series of FATF meetings at its headquarters in Paris. The FATF plenary has concluded. Delegates of governments from around the world discussed a range of money laundering and terrorist financing issues. See the outcomes of the plenary here️ https://t.co/s0nmYw1ca6#FATFWeek #moneylaundering #terrorismfinancing #followthemoney pic.twitter.com/DTerSET5QT — FATF (@FATFNews) June 23, 2023 FATF claimed “more than hal...

The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities. South Korean authorities are seeking the extradition of the co-founder and former CEO of Terraform Labs, Do Kwon. The prosecutor overseeing the investigation believes his repatriation would best serve the victims of the TerraUSD (USTC) and LUNA token collapses, The Wall Street Journal reported.  South Korea is the place where most of the crimes Kwon is accused of took place, according to Dan Sung-han, leader of South Korean prosecutors investigating the crash of the two cryptocurrencies, which erased nearly $40 billion from the Terra ecosystem. “Given the nature of this incident, we think investigating the case in South Korea would be the most efficient way of bringing justice” to investors, the prosecutor said in an interview with the newspaper. Do Kwon, also a South Korean citizen, was arrested in Montenegro in March and indic...

Check out these five tips for landing a tech job, including building your skills, networking, customizing your resume and more. In today's tech industry, there is a high demand for professionals with expertise in fields such as artificial intelligence, data science, cybersecurity, and cloud computing. Companies are seeking individuals with a combination of technical and soft skills, including strong communication, problem-solving, and collaboration abilities. Here are five tips to land a tech job. Build a strong online presence In the tech industry, having a strong online presence is crucial. This includes having a well-crafted LinkedIn profile, a personal website or blog, and active engagement on relevant online communities and forums. Many companies now use online platforms like LinkedIn to search for potential job candidates. By having a strong online presence, you increase your chances of being discovered by potential employers who are actively searching for candidates with y...

DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said. Russia’s largest bank Sberbank is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3. Currently being tested in private beta, Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, Klimenko said. The exec noted that the blockchain platform will be compatible with the Ethereum blockchain, allowing customers to use major wallets like MetaMask to move their assets. Klimenko also noted that users will be able to transfer their assets from other platforms. The blockchain executive stated that Sberbank’...

With the start of a new year, the crypto market is bracing itself for the unknown. What are the main challenges and goals? If 2022 was any kind of template for gauging what the crypto market might offer for investors going forward, it proved to be terribly difficult to predict. The space saw a brutal shock to the global crypto market capitalization, which fell just over 60% from $2.2 trillion to about $797 billion year to date. It also saw the two largest cryptocurrencies by market cap, BTC and ETH, fall by 64% and 67%, respectively, during the same time frame, with the concurrent slide in the alt market too. These price drops, combined with the demise of the FTX exchange, were not events that many, if any, foresaw. Furthermore, the fallout from the FTX debacle is not yet over, given that some crypto projects and venture funds have retained treasury accounts on the exchange. That said, if 2022 was indeed messy, then 2023 has to offer something more positive, but growth is likely to be...

The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC. Mike Belshe, the CEO of digital asset custodian BitGo has confirmed that Alameda Research attempted to redeem 3,000 Wrapped Bitcoin (wBTC) in the days before FTX’s bankruptcy filing on Nov. 11.  During a Dec. 14 Twitter Spaces hosted by decentralized finance (DeFi) researcher Chris Blec, Belshe confirmed the firm knocked back the redemption request because the unknown Alameda representative involved didn’t pass Bitgo’s security verification process and seemed unfamiliar with how the wrapped-Bitcoin burning process worked. Full convo here. This part starts at 1:09:30. https://t.co/0KQg6bzd8k — Chris Blec (@ChrisBlec) December 14, 2022 “[The security details] didn't match the process. So we held it up and we said no, no, no, no. This is not what the burn looks like. And we need to know who this person was.” “So we held it and while we were hol...