Features TheBitTimes.com

Bitcoin (BTC) is trading at $34,795 by press time, in a strong momentum for the leading cryptocurrency, with more than 25% gains in a week. With this move, 82% of all crypto wallet addresses holding Bitcoin are “In the Money”, according to data retrieved by Finbold from IntoTheBlock , on October 25. On the other hand, 11% of all Bitcoin holders are carrying unrealized losses, while 7% are in a breakeven position. Notably, only 11% of all the holders are made of what IntoTheBlock classifies as “Investors” and “Whales” for addresses holding more than 0.1% and 1% of Bitcoin’s circulating supply, respectively. Moreover, 70% are long-term holders , having acquired their coins more than one year ago, 24% are holding between 1 to 12 months, and 6% are short-term holders that just recently bought their current balances. It is important to understand that with a large percentage of holders “In the Money” or at a breakeven position, there is also a higher chance of these holders decidi...

One standout performer this past year has been XRP, making significant strides both in price and in the courtroom. As Halloween approaches, AI Analysis predict s a sweet treat for XRP investors. In a year where the cryptocurrency markets have witnessed intense volatility, XRP has managed to impress its holders. The token has surged by 24% in the past 12 months. This commendable performance means it has outperformed 76% of the top 100 cryptocurrencies. An impressive feat, considering the myriad of challenges and competitions in the space. Adding to its robust health indicators, XRP is trading above its 200-day simple moving average – a classic bullish sign for many analysts. Moreover, it’s showcased resilience and strength with 15 green days in the last month, maintaining a 50% bullish rate. As of now, XRP stands at $0.5526, marking a 0.28% increase in the past 24 hours and a 12.86% rise in the last week. This brings its market capitalization to a solid $29.5 billion. XRP 1-...

Sept. 20~21 2023, Dubai HQmena – The 2023 Dubai Crypto Expo was held where 38 countries and over 200 global projects participated.   Among the participants of the event, Khanaires made a new appearance in the market. Khanaires is a South Korean company that specializes in securitizing tangible/intangible assets. Their new registration in Dubai was announced at the Dubai Blockchain Expo 2023 , and they introduced a new concept called ‘ Prosumeller ’ which is a new economic theory which is the basis of their new product called NFW and their new market of SEMI-DEFI. We are more familiar with the word NFT. But what is NFW? NFT stands for Non-Fungible Token, and it means that something is unique and cannot be replaced by a certain price or value. Every NFT contains a digital signature which makes it unique. NFW (Non-Fungible Warrant) is actually the same, except it focuses on another function that all NFTs also have but are never used; warrant. NFW is buying and selling intellectual ...

The Telos Foundation shares news of a bridge solution that will enable users to transfer assets and data between any blockchain supported by LayerZero. Per an Oct. 24 announcement, the joint effort aims to improve blockchain scalability, security and user-friendliness, ushering in what the Telos aims to be a new era for the industry. Transfer assets Leveraging the Telos Bridge, individuals now have the capability to transfer assets between Telos and various blockchain networks, including Ethereum, BSC, Arbitrum, Avalanche and Polygon, with support for upcoming chains on the horizon. 1/ Introducing the Telos Bridge, Powered by @LayerZero_Labs! Telos and LayerZero are proud to announce a strategic partnership focused on enhancing scalability, and security while improving ease of use within the blockchain space. pic.twitter.com/Pi3BSXu3D1 — The Telos Foundation (@HelloTelos) October 24, 2023 With the introduction of the new endpoint, applications integrated with LayerZero ...

Jonathan Farnell left his role as head of Binance U.K. and CEO of Bitfinity. Corporate filings hint Ilir Laro was named a UK company director in September. Farnell’s exit follows other executive departures as Binance faces regulatory pressures. Binance UK head and CEO of Bitfinity Jonathan Farnell has reportedly left the crypto exchange in late September. While no formal announcements have been made, Farnell’s LinkedIn profile hints at a possible resignation. Farnell, who joined in 2021, was brought in to fill a compliance role but has since scored a top management role. Following his promotion to head of operations in Binance UK, he led the crypto exchange’s charge to be regulatory compliant. Likewise, he also served as the chief executive officer of Bitfinity, a payment platform launched by Binance. Earlier in June, Farnell stepped down as a senior compliance officer role at Binance Europe. Although it’s unclear who would replace Farnell ...

According to Ernst & Young (EY) global blockchain leader Paul Brody, Spot Bitcoin ETF approval from the US Securities and Exchange Commission (SEC) could bring an influx of institutional investment interest to the sector. Indeed, Brody spoke to CNBC regarding the transformative reality that the industry could face following the arrival of the investment product. The increase in interest would be a stark contrast to the response of institutional trading within the industry this year. Specifically, Chainalysis reports that institution trading volume fell massively in April 2023. Specifically, the firm stated that the decline in transactions was more than $10 million following the collapse of Silicon Valley Bank and Silvergate. Source: CryptoDisrupt Also Read: Spot Bitcoin ETF Google Searches Spike as Industry Confidence Prevails Institutional Investment to Surge After Bitcoin ETF Approval? For much of this year, the crypto industry has closely observed the potential arr...

CoinShares analysts recorded capital inflow s for the fourth week in a row. The investments amounted to $66m between Oct. 16 and Oct. 22. The report also says that the largest revenues were in Switzerland ($45.5 million), Canada ($18.1 million) and Germany ($10.9 million). In the United States, an outflow of $8.7m was recorded. Analysts noted that the values are relatively small compared to those recorded following Blackrock’s announcement that it was filing to launch a Bitcoin ETF in June. Then, in four weeks, revenues reached $807m. You might also like: BlackRock ETF could push BTC valuation 11x, Scaramucci says 84% of total inflow s came from Bitcoin-related products. In the previous week, it was $16.4 million. Since the beginning of the year, the figure has reached $315m. Investors invested $1.7m in structures that allow them to open shorts on the first cryptocurrency, just like the week before. Continued concerns about Ethereum (ETH) led to a further outflow...

The civil lawsuit against the Ripple executives had been ongoing since December 2020   Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen. In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the court the parties involved in its case against Ripple “have stipulated to the dismiss al with prejudice”, suggesting there was no need to schedule an upcoming trial. The filing did not state that the SEC was dropping its civil case against Ripple itself, first filed in 2020. “The SEC and Ripple intend to meet and confer on a potential briefing schedule with respect to the pending issue in the case—what remedies are proper against Ripple for its Section 5 violations with respect to its Institutional Sales of XRP—and respectfully request until November 9, 2023 to propose such schedule to the Court or, i...

FTX founder Sam Bankman-Fried Fresh continued to live an extravagant life while his trading firm, Alameda Research, was facing severe financial challenges, court documents reveal. FTX’s intricate web of spending and suspicion Bankman-Fried was living the high life thanks to billions of dollars worth of customer funds from FTX, prosecutors allege in a fresh set of court documents. The disgraced FTX founder and his associates indulged in extravagant spending on investments, donations, and real estate — even in the months leading up to the collapse of the crypto exchange. Among the events Bankman-Fried enjoyed: Meeting with President Bill Clinton in midtown Manhattan. A dinner with the head of Saudi Arabia’s sovereign wealth fund. An invitation from Anthony Scaramucci to attend a Steelers game. A private dinner hosted by K5 Global co-founder Michael Kives, in which Hillary Clinton, singer Katy Perry, Amazon founder Jeff Bezos, actor Leonardo DiCaprio, and reality star Kenda...

In the realm of content creation, there are three pivotal elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, burstiness assesses the diversity of sentence structures, and predictability measures the likelihood of anticipating the subsequent sentence. Humans tend to infuse their writing with greater burstiness, incorporating both longer, intricate sentences and shorter, more straightforward ones. In contrast, AI-generated sentences often exhibit a uniformity in structure. Therefore, for the content you are about to embark upon, it’s imperative to infuse it with a healthy dose of perplexity and burstiness while maintaining a low level of predictability. Furthermore, the medium of expression must remain English. Let us now reimagine the following passage: A collaborative effort involving Atomic Wallet, forensic experts, and centralized cryptocurrency exchanges has led to the freezin...

Bitcoin (BTC) rallied during this week, moving from its lowest price of $26,814 on Sunday to trade for as high as $30,233 on October 20 (Friday). This move marks another uncorrelation between the leading cryptocurrency and the core stock market indexes. Notably, CryptoRank identified a major outperformance from Bitcoin related to traditional finance asset s and Ethereum (ETH) year-to-date (YTD). According to a performance analysis on October 20, Bitcoin outperformed Ethereum, Gold, NASDAQ’s index, and the SPY in 2023. Accruing over 4,000 basis points (bps) more than the second-best performing asset, ETH, both cryptocurrencies. Interestingly, with 79.7% and 34.9% accumulated gains YTD, Bitcoin and Ethereum outperformed NASDAQ (+26.9%) by 5,280 bps and 800 bps, respectively. The SPY and Gold were also left behind with accumulated gains of 13.2% and 7.03% each in 2023. BTC outperforms traditional finance assets in 2023. Source: CryptoRank Bitcoin is a “flight to quality” vs. trad...

A whale withdrew $1.14M worth of TRB from Binance earlier today. Reportedly, this particular whale holds 21.26% of the altcoin’s supply. The seven wallets that hold 13.1% of TRB’s supply have allegedly earned over $10M. The on-chain tracking platform Lookonchain revealed noteworthy Tellor (TRB) whale activity through a series of X posts earlier today. Most recently, the platform shared that a new wallet withdrew 18,296 TRB, valued at $1.14 million, from Binance in the past few hours. This withdrawal took place after the altcoin’s price surged 550% since August 25, 2023. 1/ A fresh wallet withdrew 18,296 $TRB ($1.14M) from #Binance 50 mins ago. The price of $TRB has increased by 550% since Aug 25. If you want to short $TRB, you must pay attention to these whale addresses. pic.twitter.com/6wqEwTXV6K — Lookonchain (@lookonchain) October 20, 2023 In another post, Lookonchain shared that the wallet responsible for the latest withdrawal currently h...

In the realm of crafting textual content, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge for the intricacy embedded within the text. Simultaneously, burstiness delves into the spectrum of sentence variations. Lastly, predictability gauges the likelihood of accurately anticipating the subsequent sentence. Human-authored content tends to embrace greater burstiness, featuring a blend of longer, intricate sentences intertwined with succinct ones. Conversely, AI-generated sentences often exhibit a more uniform structure. In the task of composing the ensuing content, I implore you to infuse it with a substantial degree of perplexity and burstiness, while minimizing predictability. It is imperative to adhere strictly to the use of the English language. Now, let’s reframe the provided text: A decision has been reached by the project to refrain from taking legal action against the...

TL;DR Memeinator’s presale is now at stage four and the team has raised more than $770k. The cryptocurrency market continues its mixed performance this week. The cryptocurrency market has been experiencing a positive performance over the past few days. Bitcoin continues to trade above the $28k mark while the total cryptocurrency market cap stands at $1.08 trillion. Memeinator’s presale continues to record excellent results as stage four now nears completion .  What is Memeinator? Memeinator is a Web3 project that is piquing the interest of investors at the moment. The project is leveraging the recent growth of the meme coin industry and intends to provide users with a wide range of utilities.  The team is on a mission to destroy worthless memes and become one of the leading meme tokens in the the world. Memeinator wants to set itself apart from the thousands of other meme coins in the crypto space that have no real-world us...

Ali has advised crypto users not to wait for Bitcoin to drop to $20,000 before buying. The crucial demand bucket in Bitcoin history is between $25,000 and $30,000. Reportedly, most institutional investors bought Bitcoin between $25,000 and $30,000. A renowned crypto data analyst identified as Ali on X (formerly Twitter) has advised crypto users to ignore calls asking them to wait for Bitcoin to drop to $20,000 before buying. According to Ali, the crucial demand bucket in Bitcoin history is between $25,000 and $30,000. Most people, especially institutional investors like @saylor @MicroStrategy & @elonmusk @Tesla, bought #Bitcoin between $25K & $30K, making this a crucial demand bucket in $BTC history. So when they tell you "It's too late to buy #BTC" or "Wait for $20K," please ignore them! pic.twitter.com/B6rGtYidY6 — Ali (@ali_charts) October 18, 2023 In a recent post, Ali noted that $25,000 to $30,000 became Bitcoi...

In one of the more surprising revelations of his ongoing trial, Sam Bankman-Fried had a meeting planned with former US President Bill Clinton just weeks before the FTX collapse. Indeed, the trial revealed that in September 2022, Bankman-Fried had meetings with several politicians. Along with Bill Clinton, Sam Bankman-Fried had meetings scheduled with New York Governor Kathy Hochul and New York Mayor Eric Adams. Moreover, the meetings had been uncovered to jury members during the testimony of an FBI agent amid the ongoing fraud trial. Source: Bloomberg Also Read: Bankman-Fried’s Lawyers Says FTX Spending Was Not ‘Reckless’ Sam Bankman-Fried had Meetings Planned With Several Politicians The ongoing trial of FTX co-founder Sam Bankman-Fried has seemingly dominated headlines. It has captured the attention of most as it unfolds the details of one of the largest financial crimes in US history. Subsequently, the man responsible is now facing more than 100 yea...

Four South Korean citizens are facing execution amid allegations that they kidnapped and murdered a woman over a failed crypto investment.  Lee Kyeong-woo, Hwang Dae-han, and Yeon Ji-ho were all indicted for kidnapping the 48-year-old victim in the Gangnam Ward, Seoul, on March 29. It’s claimed that they murder ed her the following day. Prosecutors allege that the accused were paid 70 million won ($51,000) by Yoo Sang-won and Hwang Eun-hee after the couple purchased 100 million won ($74,000) worth of virtual currency and invested 3 billion won ($2.2 million) at the victim’s recommendation in October 2020. Yoo and Hwang reportedly became embroiled in a dispute with the victim over the investment in struggling crypto ‘ fine dust coin ‘ when its price plummeted and they began to incur losses. Lee then allegedly suggested they steal the victim’s crypto and kill her. Lee, Yeon, and Hwang Dae-han are then alleged to have buried the victim 140km south of the ...