Features TheBitTimes.com

In what is certainly a positive development regarding the health of the meme coin, Shiba Inu (SHIB) has seen its large-scale transactions surge by over 450%. Additionally, the increase in these transactions has equated to 4.5 trillion SHIB actively on the move. Yet, the price has yet to respond to the massive increase in on-chain activity. Specifically, the Shiba Inu token has observed a 454.38% increase in large transactions, according to IntoTheBlock. Indeed, this metric denotes SHIB transactions whose value exceeds a $100,000 threshold. Moreover, the increase occurred in just the last 24 hours. Source – Crypto News Also Read: Shiba Inu (SHIB) Price Prediction for November 2023 Shiba Inu Large Transactions Boom as 4.5 Trillion SHIB Moving The digital asset industry has seen an up-and-down year in relation to its price performance. However, things appear to be turning around amid Bitcoin’s rally above the $34,000 figure. Subsequently, there are some who predict ...

In an Oct. 31 announcement on the Bitget website, the exchange announced the delisting of TokenFi, the tokenization platform from Floki, for reasons around manipulation . Floki has since responded to the accusations on X, stating that it violated the demand for CEX to be listed seven days after launch. An opaque economy In Bitget’s announcement, the exchange shared that in the course of the 60-day valuation period given for all the newly listed pairs in the Innovation zone, where TokenFi was listed, the project team had contributed less than $2,000 worth of tokens, to the liquidity pool of decentralized exchanges (DEXes).  SETTING THE RECORDS STRAIGHT ABOUT THE UNAUTHORIZED BITGET $TOKEN LISTING On October 18, 2023, we put up a DAO proposal to launch the Floki staking program and a reward token that will target a trillion-dollar industry with strong potential. While we didn’t mention it in the DAO… pic.twitter.com/JGnlKmR0lo — FLOKI (@RealFlokiInu) October 31, 2023 ...

At a glance Under cross-examination on Monday, Sam Bankman-Fried was evasive when confronted with his own incriminating comments — seemingly failing what may prove to have been the biggest exam of his life. Judge Kaplan was visibly irritated with Bankman-Fried, at one point snapping at the FTX founder to “just answer the question.” Bankman-Fried’s evasion tactics included splitting hairs and conveniently failing to recall events that would have made a lasting impression on most. On Monday October 30, Sam Bankman-Fried took the stand in his own defense, facing cross-examination by Assistant US Attorney Danielle Sassoon. The proceedings frequently verged on farce, as the FTX founder was again and again confronted with seemingly hard evidence of fraudulent claims made by him over the years. Sassoon presented Bankman-Fried with a relentless catalog of his own direct quotes and official FTX promotional material that touted the exchange as safe, or that denied...

NFT protocol JPEG’d alerted community members to malicious actors targeting holders of its token as phishing scammers continue to target crypto and DeFi operators.  The P2P non-fungible token (NFT) lending platform JPEG’d posted a notice on X following numerous complaints from users citing phishing campaigns and a booby trap revocation tool. These services are typically employed by web3 users to clear out access previously given to decentralized applications. Bad actors launched a number of malicious platforms mimicking genuine services per the update from JPEG’d. The goal is to secure transaction approval before draining NFTs and digital assets in the wallet.  It has come to our attention that scammers are targeting $JPEG holders claiming false approvals on phishing contracts and linking to a malicious revocation tool. The current name they go under is "Trojansec". Please do not interact with them or any contract that you are unsure… — JPEG'd (@JPE...

Binance is hemorrhaging market share as lawsuits and regulatory crackdowns undermine its ability to retain and attract business, according to research by The Block. The world’s largest cryptocurrency exchange’s  market share among exchanges that do not support USD has decreased from 74% in December 2022 to 50% this month, according to data compiled by The Block. Binance's marketshare continues to decline amid rally https://t.co/RpWMXBjn00 — The Block (@TheBlock__) October 28, 2023 Binance’s market share has fallen even after the crypto market experienced one of the most bullish fortnights since March 2022. The “pullback among traders from Binance was particularly evident on October 23,” The Block said, when Bitcoin soared 14% to trade above $34,000 while the exchange’s market share “virtually dropped to zero.” Source : The Block Data In contrast, other exchanges have seen their market shares increasing. Upbit’s ma...

Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project. The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto -related cooperation with some European countries and Japan. The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the United Kingdom’s Financial Conduct Authority (FCA) to promote joint digital asset pilots . The authority specifically seeks to carry out such pilots in relation to fixed income, foreign exchange and asset management products. The initiative builds upon Singapore’s ongoing asset tokenization project known as Project Guardian, which was launched in 2022. Under the MAS Project Guardian, Singapore’s central bank collaborated with 15 financial institutions to complete pilots on asset tokenization, which ...

The price of Qtum (QTUM) has grown by more than 19% in the last 24 hours, accompanied by a 283% rise in its trading volume . The recent bullish market sentiment sparked by expectations around Bitcoin (BTC) seems to have rubbed off on QTUM. The coin, ranked 112 by market capitalization on CoinGecko, is currently trading at $3.10. It had gone as high as $3.21 in the last day. QTUM price chart | Source: CoinGecko Data from CoinMarketCap shows traders moved more than $188 million worth of QTUM in the last 24 hours, a 283% jump from the previous day. QTUM has also showcased a notably robust performance over the past seven days, both in terms of volume and price movement. In that period, the token’s price has risen by nearly 35%. The same growth is reflected in QTUM’s 14-day and 30-day price charts, where it registered improvements of 44% and 41% respectively. Analysts at InvestObservers have given QTUM a “very bullish” rating, citing its recent performance. However, they express...

The crypto currency market has been trading in a consolidation range since the middle of the week after a price surge initiated on October 19. However, three crypto currencies continue to reap significant gains this Saturday (October 28). Notably, THORChain (RUNE), Injective (INJ), and Render (RNDR) demonstrate continuation in a bullish trend for 9.34%, 6.95%, and 6.06% gains, respectively. Finbold retrieved the mentioned data from CoinMarketCap’s top gainers index in the last 24 hours, among the top 100 cryptocurrencies. 24-hour top gainers among the top 100 cryptocurrencies. Source: CoinMarketCap Meanwhile, the CRYPTOCAP index entered the consolidation range between $1.20 trillion and $1.26 trillion total market capitalization. This index created by TradingView measures the market cap of all crypto currencies. At the time of writing, the crypto currency market value is at $1.23 trillion, in the middle of the mentioned consolidation range. Total crypto market capitalization in...

Arbitrum announced the launch of Arbitrum Orbit, a customized chain for developers. Orbit provides developers with the capability of creating their own chains using Arbitrum’s technology. Arbitrum highlighted several advantages of building decentralized applications in Orbit, including EVM+ compatibility and reliable gas pricing. The Arbitrum Foundation has announced the launch of Arbitrum Orbit, a new product offering that allows developers to create their own self-managed Arbitrum Rollup and AnyTrust chains. After months of development, Arbitrum Orbit is mainnet-ready! 🪐 Permissionlessly build a customized chain using the most advanced scaling technology in the world. Why Orbit? pic.twitter.com/yKvVR9eKQQ — Arbitrum (,) (@arbitrum) October 26, 2023 According to Arbitrum’s statement, Arbitrum Orbit offers developers the ability to create their own dedicated chain that settles on one of Arbitrum’s layer two blockchains. Currently, Arb...

Following a Bitcoin price surge over $35,000, a number of other assets have taken on a bullish momentum. Looking at price data from CoinMarketCap, top gainer s in the last day include Neo, the Ethereum of China, Floki and Injective. Double-digit gains Neo has reported the biggest gainer on the top 100 crypto assets in the past week, growing 16.35 percent in the last 24 hours , claiming a price of $9.00 at the time of writing. Top Crypto Gainers And Losers Today | Source: CoinMarketCap Sitting below NEO is Floki, which reported an 11.27 percent price increase to $0.0003634, a product of excitement many believe stems from the announcement of TokenFi (TOKEN), which is said to capitalize on the trillion-dollar tokenization industry. Injective holds the third spot with 9.77 percent gains, where it sits at $13.05 following the news of its official data integration & availability on Google Cloud. You might also like: 5 best crypto in July: XDC, XRP and other top gainer...

Leading fintech innovator, Backed, announced on October 26 its recent integration of Chainlink (LINK) Proof of Reserve (PoR).  This strategic move offers its users a transparent and trust-minimized mechanism to validate the collateralization of their tokenized assets with the integration as well as signifying a monumental leap in reinforcing user trust.  With PoR, Backed’s users now have the capability to independently and on-chain confirm the sufficiency of collateral reserves at any given time. A necessity in ensuring the integrity of tokenized assets, as per the latest information shared with Finvold. Backed has launched its Proof of Reserves (PoR) powered by @chainlink. This means greater transparency and trust minimization for bTokens. Users can now verify collateralization on-chain, confirming token integrity and increasing usability across platforms. Learn more about our… pic.twitter.com/3KBrN2kHNi — Backed (@BackedFi) October 26, 2023 Behind t...

A Shiba Inu marketing specialist dismissed claims that SHIB’s creator owns two whale wallets. The specialist said the two unknown whale wallets couldn’t belong to Ryoshi since they were created in 2021. Shiba Inu continues to sustain its upward trajectory, recording 7% in the past 24 hours. In a recent post on X (formerly Twitter), Lucie, a Shiba Inu marketing specialist, asked Shiba community members to disregard rumors about Ryoshi’s alleged SHIB holdings. Lucie’s statements came in reaction to the growing controversy around SHIB token ownership. The marketing specialist asked community members to be cautious about the spread of misinformation concerning SHIB. Lucie said in a recent post that, There is an abundance of misinformation out there, with self-proclaimed blockchain experts and storytellers spreading false narratives. According to the specialist, blockchain’s anonymous nature, which makes it difficult to identify specific wallets, ha...

The disgraced crypto executive claimed that he merely acted on various lapses in the company's data retention policy. Disgraced FTX founder Sam Bankman-Fried (SBF) tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial's jury on Oct. 26. When prompted as to why he started using corporate communications on the encrypted messaging app Signal by prosecutor Danielle Sassoon of the Southern District of New York, SBF claimed that he only did so with the approval of FTX counsel Daniel Friedberg. However, SBF later said that while counsel approved the use of Signal, he never sought prior approval before utilizing the app's auto-delete feature. "At some point I remember changing my toggle to one week auto delete ," the former crypto executive said, adding that the practice has been in place since 2021. "Did you seek approval?" Asked Sassoon. "No," replied SBF. When asked to exp...

The action coincides with the ongoing breakthroughs in generative AI. The States demand damages up to $25,000 per incident in the ongoing legal battle. 34 U.S. states took legal action against Meta for manipulating minors via Facebook and Instagram. A coalition of 4 U.S. states has initiated legal action against Meta, the parent company of Facebook and Instagram. They allege that the social media giant has been involved in the inappropriate manipulation of minors or young Americans who are active on Facebook and Instagram. This legal action coincides with the ongoing breakthroughs in artificial intelligence (AI), particularly in text and generative AI. Attorneys general from multiple states, such as California, Ohio, New York, Kentucky, Virginia, and Louisiana, accuse Meta of employing its algorithms to promote addictive behaviors. They contend that such behaviors detrimentally affect the mental health of children. The statement read in part: Meta has re...

Shiba Inu spiked double digits on Thursday for the first time in over three months. SHIB remained on the back foot throughout Q3 of 2023 but is turning the tables in Q4. SHIB is currently hovering around the $0.00000812 mark and is now looking to delete its fifth zero in the indices and trade at $0.00001. However, Shiba Inu investors want the token to delete all its zeroes and reach the $0.01 milestone. The 1-Cent dream is the heartbeat of a million investors who aim to turn millionaires when SHIB reaches $0.01. Also Read: Shiba Inu: A Driver Makes $1.7 Million With An investment of $650 Source: Coingecko Shiba Inu: SHIB Must Spike 30% Every Year To Hit $0.01 Source: Pixabay The 1-Cent dream might never turn into reality in our lifetime if SHIB fails to increase in price every year. To reach the $0.01 mark, Shiba Inu must steadily rise 30% and above every year for the next 30 years. If SHIB sustainably spikes by 30% in price every year from 2023, it could reach $0.01 only in 2053...

Bitcoin’s (BTC) recent breakout above the $32,400 level indicates the potential for the ongoing bullish trend to continue. However, the question remains whether traders can maintain the current upward momentum. $34,200. — Bitcoin (@Bitcoin) October 24, 2023 On Oct. 23, Bitcoin made a surprising move by easily surpassing the resistance zone between $31,000 and $32,400. Typically, prices tend to consolidate or encounter hesitation near intense resistance levels, but the market behaved differently this time. Market participants are optimistic as they anticipate the approval of a Bitcoin spot exchange-traded fund (ETF) soon. Bloomberg’s ETF analyst, Eric Balchunas, mentioned on X (formerly Twitter) on Oct. 23 that the inclusion of BlackRock’s spot Bitcoin ETF on the Depository Trust & Clearing Corporation (DTCC) is a significant step in the ETF’s journey to the market. He suggested that this development could be seen as a signal that ...