NFT News Official TheBitTimes.com

On Oct. 5, Binance Research released a monthly market report with numbers indicating a continuous decline on stablecoins, which hit a low of US$123.8b. The report reveals that this month marks the 18th month in a consecutive decline. Dives deeper  The full report  shares that in September, the cryptocurrency market remained remarkably steady, exhibiting minimal fluctuations in total market capitalization. Notably, the announcement of FTX asset liquidation and the FOMC meeting briefly disrupted this tranquility; however, the market went on to absorb these disruptions. Binance Research adds that stablecoins are now at a level which has not been seen since September 2021, which the firm attributes to a combination of factors, with one example being elevated interest rates. You might also like: Binance’s 2017 ICO flopped, exchange reportedly raised $5m Other findings show that September saw significant changes in DeFi perpetuals as ApolloX surged to promine...

NYU Stern’s Center for Business and Human Rights stresses the need for a comprehensive privacy law, warning of significant privacy threats in the burgeoning metaverse. Despite all of its benefits, the next iteration of the internet poses “unprecedented” risks of the “potential erosion of privacy” and the proliferation of abuse in virtual environments. According to a report from NYU’s Stern Center for Business and Human Rights (CBHR), experiences in virtual reality (VR) may result in profound and lasting psychological harm. The scheme of how VR devices collect data from a user | Source: NYU Stern The report says the main issue is not how emerging devices like VR headsets work but how they use the collected data from users. For instance, scientists at the University of California at Berkeley and Unanimous AI have recently found that even the most basic VR headset with a motion tracker can collect lots of data from a user, including their identity,...

MicroStrategy plans to sell 750 million shares of stock to acquire more Bitcoin (BTC). Its current portfolio holds a total of 152,800 BTC. The company report ed its intention to acquire more BTC in an SEC filing on August 1. MicroStrategy report ed $22.2 million in net income, increasing its revenue by far compared to last year’s period, with a net loss of 1.1 billion. The company had 152,800 bitcoins by July 31, valued at 4.5 billion USD. MicroStrategy’s CEO, Michael Saylor, shared updates on Twitter regarding the company’s intention to acquire more Bitcoin. In July, @MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Please join us at 5pm ET as we discuss our Q2 2023 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/SCHeBJ80TH — Michael Saylor️ (@saylor) August 1, 2023 Bitcoin performance during Q2 The second quarter of the year has been a good peri...

In Huobi’s most recent industry report, dissects the most discussed crypto-related terms, countries with high levels of activity in the industry, regulations and more. Over the last year the crypto, and greater Web3 industry has seen a rollercoaster of loss, growth and innovation - and the data shows. In the latest industry report from cryptocurrency exchange Huobi, "Global Crypto Industry Overview and Trends", trends and stats were pulled from the industry on everything from nonfungible tokens (NFTs) and the metaverse, to centralized exchange (CEX) usage and regulations. Despite the turmoil of major events like the FTX collapse, LUNA’s implosion, and 3AC bankruptcy, the industry still accounted for approximately 320 million crypto users worldwide in the last year. While the total amount of investment and financing in the “primary market” surpassed $27.7 billion, the total amount of market capitalization of crypto assets shrank by over $2.2 trillion. 1. NFT becomes the most...