Bitcoin News Thebittimes.Com

TLDR Bitcoin’s track record and exciting future developments offer investors hope. Solana and NuggetRush are undervalued cryptocurrencies to consider for investment. NuggetRush is a promising ICO project, expected to increase by 100% during its presale phase and by 2,000% after launch. Bitcoin (BTC) is often used interchangeably with cryptocurrency. This is because it is the first crypto in the world. However, since its inception, several other cryptocurrencies have been launched. Recently, investors have been turning their attention to competitive tokens like Solana (SOL) and NuggetRush (NUGX) . These coins are way cheaper than Bitcoin and have significant growth potential. NuggetRush (NUGX): A promising player NuggetRush (NUGX) is a new player in the crypto space. It is currently in its ICO (initial coin offering) stage, round one. However, it has significant growth potential, resulting in a frenzy in its ongoing presale. The token...

Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply, saying its valuation was absurd and that he was surprised to see people treat the token like a meme coin. Adams launched HayCoin five years ago before Uniswap V1’s release. He used a tiny fraction of the token’s supply to create a small test liquidity pool. The remainder, more than 99.9% of the supply, remained in his wallet. Five years ago, before the launch of Uniswap v1, I deployed a token called HayCoin to use for testing. This was back when gas was so cheap that mainnet could be used as as a testnet. After the launch of v1, I created a small test liquidity pool with a tiny fraction of the total… — hayden.eth 🦄 (@haydenzadams) October 20, 2023 Adams said he was “extremely surprised” to see people trading high volumes of the token in recent weeks and treating it like a meme coin. He expressed discomfort owning nearly the entire supply of HayCoin and would therefore ...

The Financial Crimes Enforcement Network (FinCEN) published a notice of proposed rule making that would escalate the mixing of convertible virtual currencies to a “primary money laundering concern.” If implemented, these new and more stringent rules will impact not only dedicated tumblers like Tornado Cash but service providers that use basic privacy protocols like Bitcoin ’s coinjoin. FinCEN cited malicious actors’ use of crypto-mixing services to launder illicit proceeds. The bureau highlighted Hamas, Palestinian Islamic Jihad, Russian criminal groups, and the Democratic People’s Republic of Korea. The Palestinian Islamic Jihad, for example, recently received millions of Tron-based USDT. Hamas reportedly received some $450,000 in digital asset donations which Israeli authorities have since seized. The notice of proposed rule making explains FinCIN’s goals of greater compliance practices for coin mixers. It says heightened transparency will improve FinCIN’s ability to deny stat...

This week, U.S. regulators dropped charges against Ripple’s executives; Coinbase addresses Hamas’ use of crypto; Bitcoin crosses $30,000 amid discussions surrounding spot ETFs. SEC waves the white flag This week, the U.S. Securities and Exchange Commission (SEC) dropped its charges against Ripple’s executives Brad Garlinghouse and Chris Larsen. However, court documents confirmed that this dismissal does not signify the conclusion of the SEC’s case against Ripple.  Both parties are actively engaged in negotiations to address Ripple’s alleged violations related to its Institutional Sales of XRP. They have established a deadline of Nov. 9 to establish a briefing schedule, or they may face court intervention. XRP responded with a rally. The asset surged 7.6% in an inter-day uptick, conquering the $0.50 and $0.51 price thresholds in one fell sweep. Separately, Ripple is seeking a Senior Manager of Shareholder Communications. The move generated significant...

BRICS member China is pulling every trick up its sleeve to stall the growth of the US dollar and stocks. China is dumping both US treasuries and equities to keep the Yuan from ending at a new low against the US dollar. In August alone, China sold $21.2 billion worth of US treasuries and stocks to stop the rising dollar. The BRICS alliance combinedly indulged in a $123 billion worth of sell-off in US government bonds and treasuries this year. China is the flag-bearer for BRICS in its quest to free the world from the US dollar supremacy. Also Read: BRICS : Chinese Yuan Surpasses Euro, Becomes Second Main SWIFT Currency While the Communist government challenging the US dollar wasn’t enough, institutional Chinese investors are now hand-in-glove with the Jinping administration. Chinese investors also indulged in massive sell-off by dumping billions worth of US stocks, according to Bloomberg. BRICS: Institutional Chinese Investors Dumped $5.1 Billion Worth of US Stocks Sou...

Considering the widespread appeal of Shiba Inu [SHIB], the meme-inspired crypto currency, and the relentless efforts of its development team to expand its ecosystem, a fundamental inquiry arises: Could this digital asset potentially attain a value of one cent in the future? Moving beyond its 1-cent dream, several have been betting on the possibility of Shiba Inu hitting the $0.50 mark. Within the Shiba Inu community, there’s a bold ambition taking shape: a target of 50 cents per SHIB token. This ambitious vision is based on an optimistic outlook presented by Telegaon, a platform employing AI-driven technical Analysis akin to Gov Capital and Wallet Investor. Telegaon envisions a positive path for SHIB, suggesting that between 2040 and 2050, Shiba Inu may potentially hit a valuation of $0.50. The forecast predicts a peak price of $0.089 by 2040, with speculation that the asset could surge to $0.62 by 2050. Consequently, it is proposed that SHIB might touch the $0.50 milestone at...

LBRY announces winding down but assures network remains unaffected. Deaton suggests the LBRY case should be taught in law schools” across the U.S. The legal expert also critiques the SEC for targeting LBRY while ignoring FTX, Celsius, and others. The winding down of LBRY, a prominent blockchain firm targeted by the U.S. regulator for unregistered security offerings, has attracted the attention of John Deaton, a prominent crypto lawyer. Deaton reacted to the development by emphasizing the role the U.S. Securities and Exchange Commission (SEC) vs. LBRY case could play in guiding the coming generation of legal counsel. Deaton remarked, “The LBRY case should be taught in law schools” across the United States. The lawyer believes the case highlights the Howey Test’s application to modern blockchain technologies alongside the regulatory overreach of the SEC. The LBRY case should be taught in law schools across the country, and not just regarding the a...