Features TheBitTimes.com

Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations. Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our operations or withdrawals as rumored.” The statement comes after numerous Twitter channels had alleged that the exchange was experiencing insolvency due to an alleged connection between it and the cross-chain router protocol Multichain (MULTI). The Gate.io team said the company's "operations are running healthy" and that it is focused on establishing an affiliated trading platform in Hong Kong called Gate.HK. Rumors about Gate.io's insolvency erupted after a series of events relating to Multichain. On May 24, blockchain analytics firm Arkham Intelligence posted data showing large inflows of MULTI to Gate.io, which Arkham said was related to rumors of the protocol's team "allegedly bein...

Glassnode revealed that Bitcoin has emerged as the strongest performing asset as compared to other major commodities. Over the last 90-days, Crude Oil (WTI) declined -4.0%, whilst Gold (XAU) and Silver (XAG) have rallied 7.5% and 12.7%, respectively. #Bitcoin however, continues to outperform, remaining 14.5% above the February close. #Bitcoin performance is weaker than the peak first quarter… pic.twitter.com/Gj1cbJa6Wy — glassnode (@glassnode) May 30, 2023 According to data from Glassnode, a prominent market intelligence firm, recent trends in the financial markets show mixed performance across various assets. Over the last 90 days, crude oil (WTI) has experienced a decline of 4.0%. In contrast, gold (XAU) and silver (XAG) have shown positive momentum, with gains of 7.5% and 12.7%, respectively, during the same period. Interestingly, Glassnode stated that Bitcoin (BTC) has continued to outperform other assets, remaining 14.5% above its February closing price. How...

On-chain data shows that an imminent Bitcoin rally could drive its price up to $32,000, says Glassnode lead-analyst James Check. After a long period of unusually low volatility, Bitcoin's next major price move is likely imminent and could drive BTC to $32,000, according to James Check, the lead on -chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cointelegraph.  To calculate Bitcoin's average cost basis – the average price at which BTC was bought – Check and his team removed the coins that are lost forever from the calculation and focused on active Bitcoin investors.  “It's where the mean reversion level would be, so a rally to that level, to be honest, wouldn't surprise me,” he said. Despite this bullish scenario, Check also points out there is likely a large number of investors who are tired of the bear market and are waiting for Bitcoin to reach that level before sellin...

In an exciting development, DWF Labs has pledged long-term financial support to the Outer Ring MMO, injecting a substantial seven-figure investment. This strategic funding infusion will accelerate the development of their groundbreaking video game and PR opel the growth of their immersive blockchain ecosystem. Prepare for an exhilarating 3rd-person shooter MMORPG experience like never before.⁣ Having already raised an im PR essive $15M in 2022, Outer Ring MMO continues to forge ahead with their ambitious plans to create a massively multiplayer online game (MMO) enriched with a tokenized layer. Boasting a dedicated team of over 250 talented individuals, they are now poised to expand into a flourishing ecosystem centered around the $GQ token. The timing of this long-term financial support couldn’t be better, coinciding with the eagerly anticipated Early Access Pre-Alpha playable on June 28th.⁣ OUTERRING GAME Daniel Valdés, CEO of Maniac Panda Games, ex PR essed ...

In a recent video, the analyst and crypto trader Dan Gambardello expressed his bullish sentiment towards Bitcoin (BTC) and Cardano (ADA), stating that he sees tremendous opportunities in both cryptos. He emphasized that his confidence lies not only in the prices of BTC and ADA, but also in the overall crypto ecosystem and its developments. The video highlighted the ongoing movement on the Bitcoin daily chart, where the price faced resistance at the 50-day moving average and the upper trend line of a symmetrical triangle. The analyst mentioned the possibility of a breakout to the upside to just below $32K, though he also acknowledged the potential for pullbacks along the way. Weekly chart for BTC/USD (Source: TradingView) Gambardello also emphasized the significance of Bitcoin’s support at the 200-week moving average on the weekly chart, considering it a crucial level to watch. Switching to Cardano, he discussed the importance of the 20-week moving average and its r...

While Ethereum (ETH) experiences a 5% dip following the Ethereum Foundation’s sale of $30M in Ether, Collateral Network (COLT) is making waves with a 40% surge during its presale phase. As the market reacts to these developments, investors are keeping a keen eye on Collateral Network’s potential for growth. BUY COLT TOKENS NOW The Fallout from the Ethereum Foundation’s $30M Ether Sale This May, the Ethereum Foundation sent a huge amount of Ether — estimated to be worth $30 million — to the Kraken exchange, which caused concerns in the market about a potential selloff. The price of Ethereum (ETH) declined by almost 5% to $1,900 on that day, with a further drop to the current price of $1,828. Traders may consider a support confluence created by a multi-month ascending trendline and the 200-day EMA around $1,700 as a potential downside target if the price falls beneath the 50-day Exponential Moving Average (EMA). BUY COLT TOKENS NOW In November 2021, the E...

Starting May 31, TradeBlock will commence the official procedure of winding down its operations. Venture capital conglomerate Digital Currency Group (DCG) is closing its prime brokerage subsidiary TradeBlock, citing the state of the broader economy and an uncertain regulatory environment for crypto in the United States.  According to a May 25 report from Bloomberg, TradeBlock, led by Breanne Madigan, will officially begin the process of shutting down effective May 31. Barry Silbert’s crypto conglomerate, Digital Currency Group, is shuttering its TradeBlock institutional trading platform https://t.co/duE4YnknrR — Bloomberg Crypto (@crypto) May 25, 2023 “Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the US, we made the decision to sunset the institutional trading platform side of the business,” a spokesperson reportedly told Bloomberg.  DCG and its portfolio of companies have faced chal...

Also Read: Ripple Counsel Withdraws From Case; US SEC To Gain Upper Hand? advertisement Shiba Inu Faces Selling Pressure As per Spot On Chain, a crypto whale shifted 499.6 billion Shiba Inu Coin (approx price $4.2 million) to crypto exchange Hotbit in a single transaction. It is important to note that the whale wallet came from a dormancy of 7.5 months. The whale is looking to take an exit from its accumulation spree in 2022. Shiba Inu price is on a constant decline despite the announcement of its much anticipated “SHIB THE METAVERSE”. SHIB price is trading at an average price of $0.000008, at the press time, down by 32% in the last 90 days. However, the whale is still in profit on its SHIB holding by 200%. Source: Spot On Chain As per the data, the whale wallet made an estimated profit of $70 million in 2021 Shiba Inu hype. It moved around 900 billion to Hotbit when Shina Inu was trading at an average price of $0.000065, making a profit ...

Polkadot made the announcement on Twitter, highlighting that Binance users can now effortlessly transfer USDT to Polkadot, making transactions with the stablecoin more convenient. advertisement 1/ 📢 Another big landmark for the Polkadot ecosystem! @Binance, a leading centralized exchange, now supports deposits and withdrawals for @Tether_to ( USDT ), the top stablecoin by market cap, on Polkadot. pic.twitter.com/WCaUTlFckO — Polkadot (@Polkadot) May 25, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks ...

The U.S. is making quite some noise for an array of reasons. Issues related to its debt ceiling have been surfacing as BRICS continue to take down the dollar. Amid this economic uncertainty, Ron DeSantis, the Governor of Florida, has taken a stance in favor of cryptocurrency by advocating for pro- crypto policies as part of his 2024 Presidential campaign. JUST IN: Ron DeSantis vows to protect #Bitcoin rights as president. — Watcher.Guru (@WatcherGuru) May 24, 2023 In a recent Twitter Spaces conversation with Elon Musk , the topic of discussion revolved around their views on the crypto industry. The conversation then shifted towards the potential impact on the crypto space if Joe Biden were to be reelected as President. Elon Musk expressed regret for voting for Biden in the 2020 election, noting that he preferred a regular person as the President and wasn’t particularly interested in supporting Trump. DeSantis wasn’t pleased with the current government either. He warned the l...

Join Our Telegram channel to stay up to date on breaking news coverage Terra Luna (LUNA) remains one of the most criticized cryptocurrencies since the collapse of its sister token TerraUSD (UST) in May last year. The community members remain committed to building what is left of the Terra ecosystem and its native token LUNA. The embattled project still boasts of commendable milestones and achievements made in recent months. On May 18, the Terra team took to Twitter listing a number of events that took place on the network during the month of April. The official Terra (LUNA) handle tweet posted on May 18 gives recent updates on Ecosystem, Governance, Integrations & Listings, Media Features , and Community Thread Highlights. Get a quick read on everything that happened in the Terra ecosystem in April in this month’s Community Update!👇 ✅ Ecosystem Updates ✅ Governance Updates ✅ Integrations & Listings ✅ Media Features ✅ Commun...

The hype associated with Artificial Intelligence [AI] is far from cooling down. Companies from different sectors have been trying and testing this technology. In fact, several prominent names have also started integrating AI into their core business models. Solana Labs is one such company. Solana Labs officially integrated AI into its network via a ChatGPT  plug-in. The add-on/extension has been developed by Solana Labs itself. The plug-in will be geared toward end users at first. It will initially focus on NFTs. This means it can be used to buy and list NFTs, transfer tokens, check out transactions, interpret data and find NFT collections by floor price. As analyzed in an article yesterday, Solana is currently clasping onto the third spot on the NFT sales front. Over the past week, it managed to foster $7.7 million in sales. On the monthly, the number currently stands around $55.5 million. Thus, it can be contended that users are quite reliant on Solana and are heavily using t...

Join Our Telegram channel to stay up to date on breaking news coverage Pascal Gauthier, CEO of Ledger, confirmed that governments could access the sharded wallet keys of users who choose to enable Ledger’s controversial Recover upgrade if subpoenaed.  Ledger’s latest firmware update and hardware wallets have recently been contentious topics. The Recover upgrade, an optional firmware update, allows users to back up their seed phrases with third-party entities.  Sharded Wallet Keys Disclosure: Ledger CEO’s Remarks on Government Access The Ledger Recover service assists users in recovering their seed phrases if they are lost. Users who opt for this service have their seed phrase divided into three encrypted fragments called “shards.” These shards are stored with three separate parties: Coincover, Ledger, and an independent backup service provider. While appearing on Peter McCormack’s What Bitcoin Did podcast, Gauthier acknowledged th...