Bitcoin News Thebittimes.Com

Also Read: United States Set To Vote On Debt Limit Bill, Rep. McHenry Confident On Majority advertisement In the context of banning CBDC use in Florida, the Governor said the current US administration is looking to regulate the Crypto Market so hard that it will not be able to operate in the US. He added that “Bitcoin represents a threat to the current regime.” Binance CEO CZ Welcomes Ron DeSantis Running For President Speaking in an Ask Me Anything event on Wednesday, Changpeng Zhao, the chief executive officer of top Crypto exchange Binance welcomed the open support to crypto industry by the likes of DeSantis. CZ applauded DeSantis and Francis X. Suarez, the Mayor of Miami, for their pro-crypto stance. On the prospect of DeSantis running for president, he responded, “That would be great.” Recommended Articles Crypto Presale Pr...

Qredo partners with CryptoEconLab on a revised tokenomics framework. CryptoEconLab is a renowned crypto-economic services company within Protocol Labs. The primary focus of Qredo’s new tokenomics is to offer advanced token utility, create powerful economic incentives for token holders and builders, and bolster the overall security of the network in preparation for upcoming decentralization initiatives that will introduce external validators, protocol fees, and enhanced QRDO staking solutions to the Qredo network. By working closely with the CryptoEconLab team, Qredo will leverage its blockchain research and development expertise to finalize designing and implementing a robust token economy that aligns with the network’s decentralized vision. Some Features that we are considering for the revised tokenomics framework include staking pools to enable network governance where staking users receive interest payments and validators earn a commission from public goods funds, networ...

While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask. Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule. On May 30, major Japanese crypto exchange bitFlyer announced the adoption of measures in response to the enforcement of stricter AML standards targeting crypto transactions in Japan. BitFlyer has introduced restrictions on deposits and transfers, disabling transactions to and from exchanges that are not part of the Travel Rule Universal Solution Technology (TRUST) network. Adopted by major industry firms like Coinbase and Crypto.com, Trust is a platform allowing exchanges to securely manage customer data legally required by the Travel Rule. How the TRUST network works. Source: Notabene BitFlyer’s latest restrictions relate to 21 countries and regions that require inform...

Dogecoin  is a popular meme coin that has inspired many other animal-themed cryptocurrencies. DOGE paved the path for the numerous cats and dogs that are flooding the meme coin realm. Meme coins were primarily developed as a joke, as their name suggests. However, over time, they have gained prominence as an important niche. While other meme coins come and go, Dogecoin has earned its reputation among the meme coin community. Even amidst the recent meme coin frenzy, DOGE has not been its best-performing situation. However, Bollinger Bandwidth, a technical Analysis indicator, indicates that it could be the silence before the volatile jump. Source: MarketWatch Is Dogecoin bracing for a volatile jump? The Bollinger Bandwidth is a measure of volatility in relation to price movements. It is determined by dividing the difference between the Bollinger bands by the 20-day simple moving average (SMA) of the crypto asset price. According to TradingView, the daily chart of ...

We compare the performance and PR ospects of 3 crypto coins: Enjin Coin ($ENJ), a utility token, Blur Coin ($BLUR), a governance coin, as well as the high-flying newcomer ApeMax Coin. In the past few days, the cryptocurrency market has experienced a surge of interest in new digital currencies, with several tokens generating extraordinary returns of over 100 times their initial value within a short span of time. In response to this trend, a wave of new meme coins has emerged, aiming to emulate the success of high growth coins like Pepe Coin ($PEPE). However, some new crypto coins also exhibit interesting tokenomics and possibly longer-term perspectives, distinguishing them from purely speculative or joke meme coins. In the past few weeks, Pepe Coin made a significant impact on the cryptocurrency landscape by swiftly surpassing a remarkable market cap of over $1.6 billion in an exceptionally short period. However, after its rapid ascent, Pepe Coin’s price and market cap both...

Web3 is the next-generation internet comprising innovative technologies and research fields including artificial intelligence (AI), blockchains, machine learning, cryptocurrency, metaverse, NFTs, virtual reality, etc. The companies working on Web 3.0 will be the leaders of tomorrow. advertisement Also Read: Binance Ceases Bitcoin, ETH, DOGE, XRP, And Other Crypto Trading Against AUD Binance CEO on China Web 3.0 Approach Amid Hong Kong The Beijing Municipal Science and Technology Commission and the Zhongguancun Administrative Committee officially released the “ Beijing Internet 3.0 White Paper on Innovation and Development (2023) ” during the 2023 Zhongguancun Forum Parallel Forum “Internet 3.0: Future Internet Industry Development” hosted by the Beijing Association for Science and Technology. According to the white paper, the government will actively support Web 3.0 developments and research to establish China’s leadership in these...

OpenAI, the renowned artificial intelligence research organization, has voiced its concerns over the proposed AI regulation by the European Union (EU) AI Act, stating that it may consider leaving the EU if the regulation becomes overly restrictive. According to sources, OpenAI CEO Sam Altman said, “The current draft of the EU AI Act would be over-regulating, but we have heard it’s going to get pulled back.” The potential impact of the EU AI regulation on AI crypto coins has become a subject of significant interest, given the increasing role of artificial intelligence in the cryptocurrency space. The EU’s proposed AI regulation is still in the early stages of development, and the EU is currently working on a draft — which could be the first set of rules globally. It is not clear whether the regulation will be finalized in its current form. However, if the regulation is finalized, there could be a significant impact on the AI industry, including AI crypto coins...

In what was a surprising development, Nvidia short sellers have suffered a $2.3 billion loss in a single day as the stock has reached a record high. Moreover, the stock increase arrived after forecasts showed its sales exceeding the average estimation.  Now, those who had bet against the chipmaker are facing paper losses following the 27% stock jump on Thursday. Additionally, Bloomberg notes that Nvidia has seen its price more than double this year.  Source: CNBC NVidia Rally Punishes Short Sellers An unexpected rally that took place today has certainly hurt a host of investors. Specifically, Nvidia short sellers have seen a $2.3 billion loss in a single day following an unexpected surge in the chipmaker’s stock.  Now, those same short sellers have seen $8.1 billion in losses for short bets against the company. Consequently, many short sellers have seemingly dropped their position on the company following the remarkable rally. Specifically, the last 30 days have shown sh...

Ron DeSantis, the Floridan Republican Governor, and the US Presidential candidate advocated safeguarding Bitcoin, assuring to protect the rights of individuals to hold and trade crypto currencies if he is elected as the US President. During a Twitter space with the American entrepreneur Elon Musk and the venture capitalist David Sacks, DeSantis promised more than 520,000 live audiences to support them hold their every right for being a crypto trader, adding that crypto is a case of civil liberties. He affirmed that he would “protect the ability to do things like Bitcoin,” as a President. DeSantis strongly criticized the US regulators who restrict the development of digital currencies , claiming: The only reason these people in Washington don’t like it is because they don’t control it. And they’re central planners, and they want to have control over society. And so Bitcoin represents a threat to them. As a governor, DeSantis has proposed to ban the central bank di...

Join Our Telegram channel to stay up to date on breaking news coverage Core Scientific, a bankrupt Bitcoin miner, is making significant moves towards its September bankruptcy exit and expects a substantial boost of $46 million. The company’s lawyers recently filed a May 22 statement in a Texas Bankruptcy Court, highlighting the improved liquidity position of Core Scientific since the initial filing.  As a result, the company intends to file a reorganization plan in the near future. This positive development comes as creditors demand an expedited process for the insolvent crypto miner to emerge from Chapter 11 bankruptcy. Core Scientific Negotiating the Reorganization Plan The reorganization plan is currently under negotiation with key stakeholders, with the aim of building as much consensus as possible regarding the future outlook of the revitalized Core Scientific after emerging from bankruptcy proceedings. The company’s legal counsel has indicated that a r...

Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised. A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions. In a May 22 filing in a Texas Bankruptcy Court, Core Scientific’s lawyers said its liquidity position has improved considerably since it filed for bankrupt cy and as a result, it plans to file a reorganization plan in the near future. The plan is currently being negotiated with key stakeholders, and according to the filing, the firm is “seeking to build as much consensus as possible” about how a new Core Scientific would look after emerging from its bankruptcy proceedings. The next steps in Core Scientific’s Chapter 11 proceedings. Source: Stretto A Chapter 11 bankruptcy allows a firm to continue operating until stakeholders are able t...

In a public service announcement published on Monday, the US Federal Bureau of Investigation ( FBI ) warned citizens of fake job ads that lure people to Southeast Asia, where they’re held against their will and forced to commit international crypto scams on unsuspecting victims . The fake jobs could be anything from tech support, call centre customer service, and beauty salon technicians, the FBI stated. In order to lure victims, lucrative benefits, salaries, and accommodation are offered. But once they land in the country wherein they believe they’ll be working, victims have their passports confiscated and they’re threatened with violence unless they commit crypto scams online. What’s more, they’re told they must pay off mounting debt — travel fees, room and board, and on occasion, their debt gets worse when they’re sold to other criminal groups. These types of scams often target Asia-based victims, the FBI noted. Indeed, reports of crypto scam rings using enslaved individuals r...

Pepe Coin has been the trend over the last month. The new meme coin had amassed a great following with its exceptional price performance in a short span of time. However, the hype seems to have been neutralized as PEPE Coin has dropped in value, and its trades are in the red. According to CoinGecko data, PEPE is down by 6.3% in the last 24 hours. Pepe Coin is also down by 5.3% in the last seven days and 24.6% in the last 14 days. Source: CoinGecko PEPE is also down by 64% since its all-time high of $0.000004354 on May 5, 2023. Is the meme coin frenzy over for PEPE? Let us find out. Pepe Coin ROI in a month stands at 5500% The new meme coin has delivered significant returns to its early investors in just a few days since its launch. Prominent crypto exchanges, including Binance, also went ahead to list the new meme coin . This has also pushed the community to buy PEPE. Pepe Coin’s price experienced a remarkable surge, starting from a low of $0.00000002764 on April...