Features TheBitTimes.com

Circle’s CEO praised Avocado Multisig, a multi-chain wallet, calling it a USDC “gas tank.” Circle CEO Jeremy Allaire lauded the launch, highlighting the wallet ’s unified USDC “gas tank,” allowing all signers to pool resources to cover transaction fees across supported blockchain networks. This feature simplifies the often complex issue of gas fee management in the defi ecosystem. Great example of a multi-sig direct custody wallet with a unified $USDC gas tank for all chain fees. Well done @Instadapp ! https://t.co/vCGwfEjLpG — Jeremy Allaire (@jerallaire) August 29, 2023 The announcement came on Aug. 29. The protocol launched its Avocado defi wallet in March. The new wallet can cater to many users, including individuals, teams, and institutions. Multi-signature wallet s, commonly known as multisig, require multiple private keys to access crypto assets or execute transactions. This feature enhances security by eliminating the risk of a ...

The United States Securities and Exchange Commission (SEC) has postponed its ruling on six spot Bitcoin exchange-traded fund (ETF) applications from WisdomTree, Invesco Galaxy, Valkyrie, VanEck, Fidelity, and BlackRock. In a filing on Aug. 31, the regulator said they will be taking another 45 days to consider the proposed rule changes. That means they have until October 2023 to approve, deny, or announce a delay of the decision. This postponement follows reports suggesting that the SEC might consider applications with surveillance-sharing agreements, prompting several firms to resubmit their applications . Additionally, it comes after speculation by Bloomberg analysts Eric Balchunas and James Seyffart that a spot Bitcoin ETF might be approved in the US following this week’s court ruling favoring Grayscale’s appeal. You might also like: Analysts: chance of SEC approving spot Bitcoin ETF in 2024 is at 95% Excluded from this determination is Bitwise’s Bi...

Worldcoin, one of the world’s most discussed ID projects, broke an all -time high user record . The company registered 9,500 new users in the country in 24 hours. This means that every 9 seconds, a new user has registered on the platform. Worldcoin is a digital currency project that aims to create a global universal basic income (UBI) system. Sam Altman, who stands behind OpenAI, is its founder. Worldcoin’s vision is to distribute cryptocurrency to every person on Earth, providing them with a basic income to help alleviate poverty and promote economic equality. Worldcoin has received funding from prominent venture capital firms such as Andreessen Horowitz and Coinbase Ventures. Additionally, Worldcoin has attracted advisors with expertise in various fields, including cryptocurrency, economics, and technology. You might also like: Worldcoin unlocks tokens for unverified users Worldcoin’s investigation in Argentina The project aims to create a system wher...

The President of France , Emmanuel Macron , cautioned the U.S. and Europe, saying that the world order is changing after the BRICS expansion. Macron warned that the new BRICS alliance could weaken the West and Europe and turn the tides in their favor. He added that the global financial situation is getting “tougher” as BRICS countries become more “complex” to trade with. Also Read: US & Europe To Pay in Local Currencies For Oil After BRICS Expansion? The latest BRICS expansion runs the risk of “weakening the West and Europe in particular”, said Macron to French Ambassadors in Paris. “Our international order is being challenged,” he said referring to BRICS using local currencies for trade settlement. BRICS Expansion Could Dethrone the US & Europe, Warns France’s Macron Source: Teresa Suarez, AFP France settled an LNG gas trade with China in March by paying the Chinese Yuan and not the US dollar. BRICS members China, Russia, and In...

Shares of cryptocurrency exchange Coinbase saw a dramatic late-day rally on Monday, closing up over 15% following positive news for the crypto industry. Coinbase stock hit $85.13 at market close, a jump of nearly 13% from its opening price. The surge came after reports emerged that crypto asset manager Grayscale won a legal dispute with the Securities and Exchange Commission (SEC) over a proposed bitcoin exchange-traded fund (ETF). According to the latest data, Coinbase stock has plunged by 1.1% and stands at $83.71 at press time. Also read: Crypto Asset Manager Grayscale Wins Lawsuit Against the SEC Grayscale CEO optimistic about Bitcoin ETF approval On Monday, a federal judge ruled the SEC must re-evaluate its previous rejection of Grayscale’s application to convert its Bitcoin Trust into a spot Bitcoin ETF. The court decision was seen as a watershed moment in the yearslong battle for regulatory approval of crypto ETFs. In an interview after the ruling, G...

EOS Token Jumps 9% After The News The news has made the EOS token jump 9% and now trading at $0.6279. This JVCEA clearance is critical because it broadens EOS’s reach and accessibility to a larger audience of Japanese end users, developers, and investors. Scheduled to begin trading in mid-September, EOS will make its debut on BitTrade, a respected cryptocurrency marketplace that holds licenses and regulations from Japan’s Financial Services Agency (FSA). advertisement Japan’s stringent regulatory framework governing digital tokens is well-known for its thoroughness and strength. Governed by the Payment Services Act, the JVCEA and FSA meticulously oversee and regulate crypto-asset providers, requiring a meticulous pre-screening process for new digital assets. The fact that EOS Network has met these stringent criteria demonstrates the company’s commitment to transparency, security, and innovation. Yves La Rose, Founder and CEO of the EOS Net...

Indonesia had formally applied to join BRICS and was one of the 23 countries that expressed their desire to be a part of the bloc. However, the alliance inducted only six countries and left out the other 17 nations. The six new countries inducted into BRICS are Saudi Arabia, the UAE, Argentina, Egypt, Iran, and Ethiopia. So why was Indonesia left out of BRICS , and what made the alliance keep the application pending? In this article, we will explain the reasons why Indonesia was left out of being inducted into BRICS at the 15th summit in Johannesburg. Also Read: BRICS GDP Reaches $31 Trillion With New Members BRICS: Why Was Indonesia Left Out? Source: tempo.co Indonesia ’s President Joko Widodo said days before the summit that the country does not wish to “rush” membership despite formally applying to join the bloc. Many diplomats advised the government against entering the alliance without knowing the benefits it offers beforehand. It is reported that...

DCG and its subsidiary, Genesis, reach ed a pivotal legal agreement that may reimburse creditors up to 90% and stabilize the volatile cryptocurrency market. In a pivotal development, Digital Currency Group (DCG) and its subsidiary, Genesis, have reach ed a legal agreement with far- reach ing implications for the cryptocurrency market. The deal addresses the bankruptcy issues facing Genesis, a crypto lending firm that filed for bankruptcy earlier this year amid market instability worsened by the collapse of FTX in November 2022. You might also like: FTX and Genesis reach settlement in bankruptcy case Genesis has proposed a revised recovery plan to reimburse creditors up to 90% of their initial investments. Specifically, the plan outlines a recovery range for unsecured creditors between 70% and 90%, and a potential for in-kind recovery between 65% and 90%, depending on the current value of digital assets. The agreement also offers solutions to DCG’s pressing financia...

Dogecoin and most of the crypto market, especially Bitcoin and the top altcoins, have come under heavy selling pressure, with investors seeming disinterested in the usual buy-the-dip narratives due to fears that more losses are likely before the crypto market begins the run into the 2024/2025 bull market. advertisement BTC price, as previously mentioned, risks bowing to another sell-off below $25,000 before it can make its bullish case above $30,000. As for Dogecoin, support at $0.06 is playing a critical role in the ongoing stability and must be defended at all costs. Otherwise, trading below this level might push DOGE price into an extended downtrend targeting $0.044 and $0.04 areas, respectively. Navigating DOGE Price Weakening Market Structure Dogecoin sits below all three major moving averages, starting with the 50-day EMA (red), the 100-day EMA (blue) and the 200-day EMA (purple). This position implies that DOGE price is vulnerable to declines unless b...

Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital. The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “ limited commercial upside ." In a series of X (Twitter) posts on Aug. 27, Clockwork founder Nick Garfield Garfield said he and the team will stop active development of the protocol and on Oct. 31 will turn off its nodes on devnet and mainnet. Garfield cited “simple opportunity cost” as the reason for the team stepping back from Clockwork, admitting there were limited commercial benefits to continuing its development and the team had a growing interest in exploring other opportunities. Clockwork is a protocol that allows users to schedule transactions on the Solana network and create smart contracts automated to run applications when triggered by an event. Garfield said Clockwork’s code will remain ...

Panos Mekras believes that XRP poses a significant threat to traditional banking giants. The crypto influencer stated that blockchain tech like XRP is destroying the banks’ monopoly. The influencer highlighted XRP’s utility as an alternative to the SWIFT messaging system. Panos Mekras, the founder of DigitalGen Financial Services, believes that XRP is one of the biggest threats to traditional banking giants. The crypto influencer recently highlighted how blockchain technology and cryptocurrencies like XRP are destroying the monopoly enjoyed by big banks that dominate the global payments scene. Mekras took to X (formerly Twitter) recently to demonstrate how XRP is disrupting the traditional banking system and its associated global payments network. According to him, the need for connection, accessibility, and interoperability has never been greater than it is in today’s interconnected global economy. Mekras took issue with the Society for Worldwide Interba...

Online courses have become one of the most popular ways to learn about a new area of interest or a specific topic. Naturally, you can also find cryptocurrency online courses that teach students about Bitcoin, crypto, blockchain, web3, and more.  Read on to discover five high-quality crypto courses you could sign up for today.  Introduction to Digital Currencies by the University of Nicosia (UNIC) Introduction to Digital Currencies is a course that’s offered by the University of Nicosia (UNIC) and is taught by Andreas Antonopoulos, Antonis Polemitis, and George Giaglis. Antonopoulos is a well-known Bitcoin advocate, tech entrepreneur, podcast host, and teaching fellow. Some of the books he has (co-)authored include Mastering Bitcoin , Mastering Ethereum , and The Internet of Money . Besides being a free online course, Introduction to Digital Currencies is also the first course in the MSc in Digital Currency offered by UNIC. The e-learning course is a...

Deflationary meme currency Pepe Coin is embroiled in a web of controversy surrounding a significant token theft and accusations of insider trading. As the Pepe Coin saga unfolds, an on-chain analyst known as Yazan alleges that individuals with privileged access have commenced the liquidation of their PEPE holdings, with a substantial volume of approximately 400 billion PEPE tokens already divested.  Update: The number is now up to 665 billion $PEPE and the wallet selling still has 346 billion $PEPE. 0x22f6215b40434D9135B06f1C676fd9291936Aac3 — Yazan (@YazanXBT) August 26, 2023 Yazan has issued a fervent call to action, urging prominent cryptocurrency trading platforms such as Binance and OKEx to take proactive measures to quell the alleged insider trading practices. The claims come on the heels of a post on social media from the official Pepe account detailing how 16 trillion Pepe tokens — valued at $15 million — were illicitly transferred to crypto exchanges OKX, Binanc...

A recent tweet from Tether CTO Paolo Ardoino in which he claims work on one of the company’s new sustainable bitcoin mining projects is “coming along well” has given rise to a curious new conspiracy theory. The tweet featured what at first glance looked to be an innocuous image of a number of shipping containers that had apparently been converted hold crypto miners. However, it didn’t take eagle-eyed viewers long to spot that something wasn’t quite right — namely that the Tether logos on the side of the containers looked Photoshopped. This led to speculation that not only were the logos fake, but the site itself was a fabrication . One of #Tether energy production and #Bitcoin mining sites coming along well. pic.twitter.com/6Z8o6A5OaE — Paolo Ardoino (@paoloardoino) August 24, 2023 “Is this a real Mining site owned by Tether ? Tether ’s logo looks poorly photoshopped, there. What’s going on?” wrote one, while another said, “lol you really trying to pass that off as...

FTX Claimants Data Compromised in Kroll’s Security Incident Beleaguered crypto exchange FTX took to X on August 25 to inform its customers, creditors, and the community that its claims agent Kroll has suffered a cyber security breach. The incident has compromised non-sensitive customer data of certain claimants in the pending bankruptcy case. advertisement FTX said Kroll currently notifying individuals affected by the cyber security incident measures they can take to protect themselves. The bankrupt crypto exchange cleared that its account passwords and systems are safe. “The incident occurred at Kroll, and Kroll is notifying affected individuals directly with measures that customers can take to protect themselves. FTX account passwords were not maintained by Kroll, and FTX’s own systems were not affected.” Moreover, FTX Debtors have reached out to Kroll and closely monitoring the situation. Kroll disclosed to debtors that they have prom...

Pantera Capital, a prominent figure in the cryptocurrency investment realm, has unveiled a captivating forecast for Bitcoin’s future value, underpinned by historical trends and the impending Bitcoin halving event, slated for April 20, 2024. At the heart of Pantera Capital’s prediction lies the Bitcoin halving cycle, which unfolds approximately every four years. During these halving events, the influx of new Bitcoins into the market is cut in half, leading to a substantial reduction in the rewards miners receive per block. This deliberate supply reduction constitutes a pivotal element of Bitcoin’s economic landscape, wielding significant influence over its supply dynamics and, by extension, its price. Pantera Capital delves deep into the concept of the stock-to-flow ratio, a metric designed to gauge the existing supply of an asset relative to the fresh supply entering the market. A higher stock-to-flow ratio is an indicator of scarcity, a factor histori...

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce? When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is better to wait on the sidelines with patience, or else traders may lose money due to choppy random moves in either direction. Bitcoin’s (BTC) sideways price action since the sharp fall on Aug. 17 shows that the bulls and the bears are unsure about the next directional move. Therefore, it is better to wait for the breakout to happen before waging large bets. Daily cryptocurrency market performance. Source: Coin360 In the short term, institutional traders also seem to be taking a cautious approach. A CoinShares report showed an outflow of $55 million from digital asset investment products for the week of Sept. 13. What are the important support and resistance levels that need to be crossed for a trending move to start in Bitcoin and altcoins? Let’s study the charts ...