Features TheBitTimes.com

If Bitcoin price breaks above $30,000, several altcoins such as SOL, ATOM, ICP and HBAR are well-positioned for a rally of their own. Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to end the month with gains of more than 4%. Could the rally continue in May or is it time for a pullback? The recovery could face headwinds if the United States banking woes escalate further. JPMorgan Asset Management chief investment officer Bob Michele said in an interview with Bloomberg that the turmoil at First Republic Bank is unlikely to be limited to the bank only, and could cause a domino effect. Crypto market data daily view. Source: Coin360 If that happens, then the U.S. equity Markets may witness a correction. However, it is difficult to predict how Bitcoin will react to such a crisis because, in the past few days, BTC price rose while legacy banking troubles deepened. But in case of a major upheaval in the ...

This will be a major boost for the community’s plan related to LUNC and USTC revival. The community looks for a short-term target of $0.0005 and a long-term target of $1. advertisement Terra Classic Network To Undergo Major Upgrades After core developers professor Edward Kim and Tobias “Zaradar” Anderson left the Joint L1 Task Force developer group, the community speculates whether the new developer team can pull off the responsibilities of Terra Classic and meet targets. Joint L1 Task Force project manager LuncBurnArmy in a medium post on April 29 revealed the updated timeline for the Q2 roadmap and milestones. The developer team targets the v2.0.0 mainnet network upgrade on May 17. A proposal will be published on agora for voting to complete the upgrade on time. While only a few validators have agreed to join the testnet, the developer team plans to conduct the Cosmos SDK upgrade and Tendermint upgrade the Rebel-2 testnet. ...

Join Our Telegram channel to stay up to date on breaking news coverage Green Satoshi Token (GST) is one of the two tokens used by the STEPN app. According to the project’s whitepaper, STEPN integrates social media and gaming. It is built around essential activities for various people moving around. Launched in December 2021, it was the first move-to-earn (M2E) nonfungible token based on the Solana (SOL) blockchain. The users equip themselves with NFT sneakers, and they can either jog, walk, or run outdoors to earn the GST tokens. Players can lease or sell their NFT sneakers on the in-app marketplace. However, the two tokens powering the STEPN ecosystem include GST and GMT. The two tokens are used differently within the platform. The GST tokens can be used to level up new NFT sneakers and cash out for some profit. STEPN has a burn mechanism, meaning the tokens are available in limited supply. Green Satoshi token price history With a launch price of $1.8451 on December 22,...

Regulatory oversight over the crypto currency industry has been rising by the day. Amidst this, the government has been able to track down hacked or scammed funds over the years. So what happens to the illegal money found through these exploits? They are taken into custody and confiscated by the authorities. Thanks to this, the U.S. government is one of the biggest holders of Bitcoin [BTC]. Following multiple raids over the years, the government entails a significant amount of Bitcoin. Recent data from Glassnode shows that the U.S. owns a total of 205,514 BTC at the moment. This is worth over $6 billion at the king coin’s current price. Source Data shows that the U.S. government has increased its BTC holdings to around 1% of the total supply. This growth is attributed to three major cases that occurred over the years. The first seizure dates back to June 2020 when the Department of Justice [DOJ] seized 69,370 BTC. It was reportedly acquired from an unidentified dark web market a...

UK-based charity organizations accepting cryptocurrencies are mandated to keep accurate records of incomes and comply with tax and money laundering regulations. The UK Charity Commission stated the policy in a guidance published on Wednesday, April 26, 2023. The Commission warned charities about the risks associated with dealing in cryptocurrencies. According to the regulator, crypto assets like Bitcoin (BTC) and Non-fungible tokens (NFT) can be volatile. It noted that they are prone to hacks and can be hard to trace. Hence, they will need to make proper considerations before accepting such assets as payments or donations. Helen Stephenson, the Commission’s CEO, said: Our guidance stresses the risks involved in the use of cryptocurrency and advises trustees to exercise caution. Several months ago, the Commission’s Assistant Director of Policy, Sam Jackson reportedly identified crypto as a potential “mainstream route to investing, trading, and moving assets.” Jacks...

The past 24 hours have been a period of significant trading activity for MultiversX (EGLD). According to CoinMarketCap, the daily trading volume for EGLD has surged approximately 674.76% in the last 24 hours – taking the total trading volume for the last day to around $164,413,201. This spike in EGLD’s trading volume has had a positive effect on the altcoin’s price, as EGLD currently trades at $47.15. This is a 24-hour gain of more than 20% for the crypto. Furthermore, the crypto displayed similar performances against the two crypto giants Bitcoin (BTC) and Ethereum (ETH). At press time, EGLD is up 17.53% against BTC and 17.87% against ETH. 4-hour chart for EGLD/USDT (Source: TradingView) The recent increase in EGLD’s price has launched it past the resistance level at around $44.25, flipping the mark into support in the process. The crypto’s price then attempted to do the same with the $50 benchmark but instead received a rejection – causing it to retrace to i...

Binance Starting Ethereum Withdrawals Crypto exchange Binance in a tweet on April 19 revealed that it is enabling the withdrawal function for ETH 2.0 staking. The participants who staked Ethereum with Binance can redeem ETH with their BETH holdings at a 1:1 ratio from the ETH 2.0 staking page. After availing an ETH withdrawal request, users can’t cancel their requests after submission. Due to processing limitations on the Ethereum network, staked ETH withdrawals request can take 15 days to several weeks. While making a withdrawal request, a customer can view the expected distribution date. As per a new update by Binance customer support, users will be able to get their ETH faster than earlier expected due to shorter timeframe processing. “We completed the ETH 2.0 withdrawal process ahead of schedule. While initial estimates suggested it could take 15 days to several weeks, we made the process completed in a shorter timeframe! so our users are able to access their fun...

Also Read: Ripple Exec Opts For EU’s Progressive Crypto Laws As XRP Case Verdict Closes In advertisement Coinbase Still Seeks Clear Crypto Rules European Parliament on Thursday approved the first of a kind set of crypto oriented regulations. As many as 517 European lawmakers voted in the favor of the MiCA, while 38 decided to vote against it. Amid this major development in the crypto industry, Coinbase CEO in a Tweet mentioned meeting with Congress members in Washington DC. He asserted that they need regulatory clarity in the United Nations for the reasons like consumer protection, national security, and more. Read More Crypto News Here… Brian Armstrong stated that the SEC has caused untold harm to America with its policy of regulation by enforcement. We will fight to fix that. Trending Stories PEPE Price Prediction: This Chart Pattern may Determine if PEPE Token Price will Rally 70% or Fall 40% 24/7 Cr...