Bitcoin News Thebittimes.Com

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. One of crypto projects’ most significant concerns and criticisms, particularly in blockchain-based games, is the threat of scams, frauds, and cyberattacks. Several scams and vulnerability exploits in web3 gaming projects have reinstated the security emphasis on the industry this year. In October, a popular web3 game allegedly pulled an exit scam worth $1.6 million in user funds, according to a recent report from blockchain security platform CertiK. In fact, a recent survey of active web3 gamers found that 41% of gamers are concerned about potential scams and fraudulent activities in the sector. You might also like: Scammers on the rise: three on-chain cybersecurity predictions for 2024 | Opinion These rising concerns have driven more investment in blockchain security solutions. In October alone, $103 million was rai...

Mathew McDermott, head of digital assets at Goldman Sachs, says that a spot Bitcoin (BTC) and Ethereum (ETH) ETF (Exchange Traded Fund) will increase institutional interest in cryptocurrencies. While speaking to Fox Business, McDermott stated, “ One, it broadens and deepens the liquidity in the market. And why does it do that? It does that because you’re creating institutional products that can be traded by institutions that don’t need to touch the bare assets. “ Also Read: Bitcoin ETF Sparks Fears of Cryptocurrency Exchange Bloodbath However, McDermott does not anticipate a sudden transformation with a spot ETF approval. Instead, the Goldman Sachs exec expects a gradual shift in the landscape over the next year. Moreover, McDermott says that the increasing acceptance of cryptocurrencies will decrease risks. He added, “ It can have a lot of very positive impacts in terms of business model. “ How high can Bitcoin go if a spot ETF is...

Crypto analyst MartyParty emphasizes the importance of understanding blockchain technology. MartyParty dismisses wishful thinking around Ethereum Virtual Machines (EVMs) and their potential for parallel transaction processing. EVMs like ADA, XRP, AVAX, BNB, and INJ didn’t achieve parallel transaction processing, according to the analyst. Crypto analyst Martin Folb, known as MartyParty, takes a deep dive into transaction processing, emphasizing the significance of understanding the underlying technology rather than succumbing to speculative fervor. In a recent tweet, MartyParty dismissed wishful thinking surrounding Ethereum Virtual Machines (EVMs) and their potential for parallel transaction processing. The focus, he asserts, should be on the technological prowess of the asset class. He also urged enthusiasts to look beyond the hype and delve into the core of blockchain functionality. The analyst singles out prominent EVMs and EVM clones, including ADA, X...

The native token of a little-known Ethereum (ETH) scaling solution has soared by triple digits amid the announcement of an incentive program. Ethereum layer-2 Metis (METIS) is up nearly 20% over the past 24 hours and up 261% in seven days from December 20th’s opening price of $25.67. METIS is trading at $92.58 at time of writing. The explosive rise in the token’s price comes a little over a week after the Metis crypto project announced the launch of the Metis Ecosystem Development Fund (Metis EDF). “The Metis Ecosystem Development Fund (Metis EDF) is a 4.6 million METIS fund dedicated to accelerating adoption in the Metis ecosystem. The Metis EDF will be used to fund grants for new project deployments, product development for existing DApps, Builder Mining rewards, sequencer mining, and more.” At the current price of $92.58 per METIS the fund’s allocation is currently worth nearly $426 million. The Metis Ecosystem Development Fund is expected to comm...

As the year 2023 nears its end, two assets in the cryptocurrency sector have recently been racing against each other to reach the coveted (at least for them) price level at $1 – XRP (XRP) and Cardano (ADA) – and crypto traders and investors are beginning to wonder which one will get there first. Indeed, both the XRP token and Cardano have strong foundations for further price appreciation, with their technical Analysis (TA) and developments that involve them suggesting they, indeed, could surpass the $1 price mark in the near or distant future – so which one will win the race? XRP vs. Cardano As it happens, XRP and Cardano were “neck and neck in that race to $1,” as observed by the pseudonymous crypto market expert CoinsKid in an X post he shared on December 28, when XRP was recording a price of $0.6374, while Cardano stood at $0.663141, suggesting that the latter could be in the lead. XRP vs. Cardano price. Source: CoinsKid On the other hand, the technical Anal...

The meme coin Bonk (BONK) has been on a strange journey in late 2023, having experienced several veritable price explosions that brought it as much as 10,000% in the green over the past 52 weeks. Despite this, and despite even briefly surpassing Dogecoin (DOGE) as the most-traded meme coin after getting listed on the largest publicly-traded cryptocurrency exchange, Coinbase (NASDAQ: COIN), it still remains an underdog among cryptocurrencies. As a meme coin launched on the Solana (SOL) blockchain, it also benefited from the developments that saw SOL itself rise more than 800% in a year. Additionally, the recent surge in sales of the Solana Saga smartphone and the associated BONK airdrops, have spearheaded a recent increase in the demand for the meme coin. Given its significant volatility and impressive yet brief price surges, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of CoinCodex on where Bonk might stand when the New Year rolls around in jus...

Key takeaways The cryptocurrency market has been consolidating in recent days, with BTC still below $43k. Memeinator’s presale has officially crossed the $2.5 million barrier as stage ten moves on smoothly.  Bitcoin consolidates around $42k Bitcoin and other leading altcoins have been underperforming in the last 24 hours. The poor performance comes as the market consolidates following a positive start to the week.  At press time, the price of Bitcoin stands at $42,65, down by less than 1% in the last 24 hours. Other major altcoins are also trading in the red zone. Memecoins including Dogecoin have also been underperforming.  What is Memeinator? Although the broader crypto market is underperforming today, Memeinator’s presale continues to surge ahead. Memeinator is a Web3 project that is launching as a meme token.  The project aims to help content creators generate better content. This will be achieved by changing how ...

A mysterious Shiba Inu (SHIB) whale is suddenly shifting trillions of SHIB as the leading memecoin grinds up this month. New data from the whale-surveying platform Whale Alert reveals that a deep-pocketed crypto investor abruptly moved 4,254,147,213,294 SHIB, worth about $46.46 million at the time of the transaction, from an unknown wallet to another unknown wallet. The massive SHIB transfer comes as the dog-themed memecoin’s burn rate has seen a massive surge during the last 24 hours. According to data from Shiba Inu token tracker Shibburn, the protocol’s burn rate has risen 2,183% in the past day. Shibburn also reveals that 54.6 million SHIB have been rendered obsolete during the last day, bringing the overall amount of discarded tokens to a staggering 410 trillion. Earlier this year, the Shiba Inu development team released Shibarium, the Dogecoin (DOGE) rival’s layer-2 scaling solution. Soon after its release, however, the protocol experienced technical issu...

Mt.Gox creditors have reportedly started receiving repayment of their bitcoins that got stuck on the exchange. In 2014, more than 24,000 users’ Bitcoin holdings were trapped on Mt.Gox when the firm collapsed. Many creditors holding a PayPal account have received Japanese-Yen-denominated repayments. Creditors of the fallen Bitcoin exchange Mt.Gox claimed that the firm has started reimbursing their BTC, which got stuck on the exchange on February 24, 2014. According to the creditors’ statement on Reddit, Mt.Gox has initiated the re payment procedures via PayPal, sending Japanese yen to the creditors’ accounts. Launched in 2010, Mt.Gox emerged as the world’s largest Bitcoin trading exchange. However, in 2014, the platform collapsed, causing more than 24K customers’ Bitcoin holdings to be trapped on the exchange. In November 2023, some of the creditors received official mail from the Mt.Gox bankruptcy trustee confirming the commencement of the reimbursement ...

Late October 2023 brought a major resurgence across the crypto market spearheaded by the world’s foremost cryptocurrency – Bitcoin (BTC). The ongoing rally saw massive inflows as well as different coins and tokens reaching highs not seen in well over a year. The bull run brought the industry back into the public consciousness – if it had ever indeed truly left – as evidenced by the fact that a recent Grayscale poll found that as many as 70% U.S. voters want a president knowledgeable about blockchain, artificial intelligence, and other innovative technologies. This rise in traffic also, unfortunately, brought about a renaissance in crypto hacks and scams, as evident to anyone actively following the comings and goings of the digital assets community and as evidenced by the fact that institutions like the U.K.’s Lloyds Bank (LON: LLOY) issued warnings of the most common types of crypto fraud. Or so it would appear. Cryptocurrency Bitcoin adds 70,000 mil...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For decades, self -driving vehicles have been the stuff of sci-fi movies, but now that we’ve outfitted vehicles with all sorts of sensors, chips, and software. Well, they still kind of are.  You might also like: Decentralized communication is the antidote to an Orwellian dystopia | Opinion That’s not to say the industry is not moving forward—it is producing headlines for exciting new initiatives and concerning incidents. But even some of its pioneers question this progress, and the stories under these headlines feature the all too familiar headliners: Google’s Waymo, Apple, General Motors, among others. One would and should have expected to have more actual disruptors in a market as disruptive as this. The truth is some of the underlying technologies in the stack of a driverless car heavily favor centralization and hug...

The cryptocurrency market continues to present various investment opportunities, having recently rallied, led by Bitcoin (BTC). Despite the perception that digital assets like Bitcoin are often considered out of reach for many investors due to their high unit prices, numerous affordable options are still available in the market.  With the new week on the horizon, investors may find potential opportunities in cryptocurrencies valued below the $10 mark. Therefore, Finbold has compiled a list of three promising digital assets that could be worth considering for investment as we head into the next week. NEAR Protocol (NEAR) The native token of NEAR Protocol (NEAR), a platform that offers a scalable and developer-friendly environment for decentralized applications (DApps), has emerged as one of the standout crypto projects in the past week. Notably, NEAR has exhibited double-digit gains on the weekly chart, and onchain metrics fuel optimism that these gains may be sustainable in the...

Several potential issuers met with the SEC to discuss their spot Bitcoin ETFs, adding to hopes that harmonized approvals may be on the horizon.  The United States Securities and Exchange (SEC) held calls with spot Bitcoin ETF filers, including BlackRock, Valkyrie, ARK 21Shares, Franklin Templeton, Fidelity, VanEck, and Grayscale on Dec. 21 regarding their respective bids for investment vehicles that would hold crypto’s largest token. According to documents on the Commission’s website, issuers reportedly spoke with staff from the SEC’s divisions of corporation finance, trading, and market. Fox Business initially reported the news and noted multiple conversations between companies and the SEC. JUST IN: BlackRock had it's 6th official meeting with the SEC about its spot #Bitcoin ETF yesterday pic.twitter.com/j3MmrXm8vl — Bitcoin Magazine (@BitcoinMagazine) December 22, 2023 Filings at press time had confirmed SEC meetings with seven of 13 potential Bitcoin ET...

BitMEX co-founder Arthur Hayes claims to have received a divine message during meditation. Hayes sold off his Solana holdings amidst a 16.1% increase in Solana’s price over 24 hours. He predicts Ethereum (ETH) will reach a price of $5,000. BitMEX co-founder Arthur Hayes took to Twitter to disclose a revelation he claims to have received during meditation. According to Hayes, the divine message advised him to divest from the Sam coin Proof-of-Stake (POS) project and express his allegiance to Archangel Vitalik. Hayes is referring to former FTX CEO Sam Bankman-Fried’s favorite coin, Solana, and Ethereum co-founder Vitalik Buterin. In his tweet, Hayes confessed to selling off his holdings in Solana (SOL) and redirecting his investments towards Ethereum (ETH). The co-founder declared that ETH would reach a price of $5,000. Hayes declared his change of heart amidst Solana’s notable price performance. Over the past 24 hours, Solana has sh...

There has been a slight rally in BTC’s exchange reserve in the past two weeks. BTC’s past performance shows that whenever this happens, a price fall is imminent. A key on-chain metric shows that the BTC market sentiment has changed from capitulation to belief. According to crypto analyst Ali Martinez, Bitcoin (BTC) might experience a significant decline in value following the recent surge in bullish sentiment. From capitulation to belief, the mood in the #Bitcoin market has seen a full spectrum of changes. However, it's worth noting that historically, every time sentiment has shifted from capitulation to belief, $BTC has experienced a retracement. Could history repeat itself? pic.twitter.com/NvfqSWjOVo — Ali (@ali_charts) December 21, 2023 Martinez assessed the historical performance of BTC’s Long Term Holder Net Unrealized Profit/Loss (LTH-NUPL) and how the metric movement impacts the coin’s price. The NUPL metric assesses the profitabilit...