Press Release Today TheBitTimes.com

Grand Cayman, Cayman Islands, November 30th, 2023, Chainwire Sui, the pioneering Layer 1 blockchain and smart contract platform created by the technology team that emerged from Meta’s Diem Blockchain project, has accelerated beyond expectations in just over six months since its mainnet launch, surpassing $150 million in Total Value Locked (TVL) according to leading DeFi aggregator DefiLlama . This key milestone, which currently places Sui within the top 20 blockchains in TVL, signifies a growing DeFi ecosystem backed by a deep pool of developer talent and a community that is strengthening by the day.  In addition to its TVL trajectory, which is up over 500% since the start of September, the Sui Network has surged past $100 million in bridged stablecoins. Sui has also surpassed Bitcoin in total historical on-chain transaction count, affirming its capacity for scalability and efficiency, and underscoring the blockchain’s ability to facilitate seamless, secure, and lightning-fast transact

Hong Kong, Hong Kong, November 30th, 2023, Chainwire LBank recently wrapped up its third Launchpad event, this time for the ACGN Protocol ($AIMEME), and the results were remarkable. The event attracted significant attention, following in the footsteps of the successful MetaExpand and PINS Network Launchpads. A total of 95,098,311 USDT was raised by 61,005 participants, demonstrating the growing interest in this creative sector. $AIMEME, the native token of the ACGN Protocol, is scheduled to be listed on LBank and will commence trading on December 1st at 06:00（UTC）, marking a new milestone for this emerging ecosystem. Background and Significance LBank's decision to host the ACGN Protocol ($AIMEME) Launchpad mirrors its previous successes, such as the $PINS Launchpad, which not only raised substantial investment but also saw a 2003% increase in value, rewarding its 34,587 participants handsomely. LBank has established itself as a key player in the cryptocurrency market, especially in

Changpeng Zhao shared his enthusiasm for exploring the wider space of DeSci. According to a tweet, Binance’s former CEO intends to invest crypto in biotech, fostering research. Messari CEO Ryan Selkis and the Etica protocol acknowledged Zhao’s interest in DeSci. Changpeng Zhao, the former CEO of Binance, has hinted at his initiative to explore the wider space of decentralized science (DeSci). In his recent tweet, Zhao unveiled his thoughts on the ways in which crypto and biotechnology could go hand in hand. Been reading about biotech, thinking about how to use crypto to accelerate research funding there. Keep building! — CZ BNB (@cz_binance) November 27, 2023 Shedding light on his potential step to invest cryptocurrencies in biotechnology to “accelerate funding” in biotech research, the former Binance CEO signaled his future plans following his departure from Binance. Zhao’s enthusiasm for collaborating in crypto with biotech has received great acc

Twitter founder Jack Dorsey has once again seemingly embraced digital assets as he has made a sizeable investment into a decentralized Bitcoin mining firm. Indeed, the co-founder of the platform now known as X led a $6.2 million funding round for the parent company of mining pool Ocean. The firm is working to enable miners to get block rewards from Bitcoin itself. Dorsey is a well-known name in the tech space, mostly for his creation of Twitter. The social media platform became one of the most popular in the world under Dorsey’s direction. Yet, he sold the platform to Elon Musk in 2022 and has begun to carve out a space for himself within the digital asset sector. Also Read: Comparing Jack Dorsey ’s Block vs. Elon Musk’s PayPal For Q2 2023 Jack Dorsey Makes Big Investment Into Decentralized Bitcoin Mining The digital asset industry has long been a leader among the plethora of tokens available to consumers. However, the distance has begun to extend even further, as Bitcoin

The International Monetary Fund (IMF) is concerned about the fragmentation of crypto currencies as people across the world are adopting private cryptos over Central Bank Digital Currencies (CBDCs). That’s the view of managing director Kristalina Georgieva, who also urged central banks to quicken their efforts to roll out CBDCs before private cryptos fill the gap. “We may be at a point where the public sector needs to offer a little more guidance,” she said during a speech in Singapore earlier this month.  “Not to crowd out, not to disrupt, but to act as a catalyst, to ensure safety and efficiency – and to counter fragmentation.” With more than 120 countries already exploring CBDCs as an option, only 11, comprising Nigeria and other Caribbean players, have already launched their own “If anything, we need to raise another sail to pick up speed,” she said. “The world is changing faster than most imagined.” IMF Managing Director endorses centralised digital currencies and says CBDC

ADA could not breach the $0.38 resistance despite its 3.71% jump in the last 24 hours. If the Awesome Oscillator indicator turns positive, ADA’s rise to $0.40 may be confirmed. Analyst says ADA may hit $3 if it maintains its 1% dominance in a potential future $10 trillion crypto economy. Despite the recent recovery of the crypto market, Cardano (ADA) has not been able to breach the $0.40 region. According to the ADA/USD 4-hour chart, the inability of the cryptocurrency to build on its 3.71% 24-hour increase was because of selling pressure. Initially, ADA’s momentum had turned bullish after buyers made a way for a higher high from $0.374. As bulls tried to push ADA toward $0.40, sellers rejected the attempt by resisting the price movement at $0.387. The $0.38 Zone Is Now Crucial At the time of writing, bulls are back and are making another attempt at flipping the resistance. As a result, the $0.38 region has become a critical area for ADA. If buyers fa

Litentry enters SpaceID Ecosystem a universal name service builder network with a one-stop identity platform. IdentityHub has recently integrated SpaceID’s SDK and completed domain resolution without any issues. This collaboration will allow both teams to elevate decentralized identity management within the Web3 eco system . SPACE ID is developing a universal name service network that provides a convenient one-stop identity platform. This platform will allow users to discover, register, trade, and manage web3 domains. Additionally, developers across blockchains will have access to a Web3 Name SDK & API. The platform also offers a multi-chain name service that makes it easy for anyone to build and create a web3 identity. The SPACE ID 3.0 platform empowers communities with robust resources to launch their desired Top-Level-Domain without requiring any development effort. The Web3 Name SDK is equipped to support various TLDs like .eth, .lens, .crypto, .bnb, .arb, and the verified dom

Singapore, Singapore, November 28th, 2023, Chainwire BinaryX today announced the official launch of AI Hero , an AI-based battle royale adventure game. The team initially released an Open Beta version of the game in October this year. The game combines the best elements of AI technology, Battle Royale and GameFi, offering an immersive and personalized gaming experience for players. AI Hero - Driven by AI Offering a Dynamic Gaming Experience  AI Hero uses AI-generated content to dynamically alter the game world, generates quests, NPC interactions, and world events, ensuring that each playthrough offers something unique. In AI Hero, players will be part of an exciting adventure, with 20 participants simultaneously entering the game and shaping the world, a feat that can only be achieved by incorporating AI.  "We are thrilled to launch AI Hero with exciting new gameplay elements and improvements from the open beta test," said Adam, Head of Product of BinaryX. "The game exp

Are you interested in learning more about where XRP stands right now and what the future holds for it? Then, you need to read this blog post! We'll talk about what's new with the blockchain token and what it might turn into in the future. A detailed XRP fair market value white paper on its fair market value will be used for this. In the past few years, XRP has become more valuable and well-known. Adoption rate, scalability issues, and use case partnerships can help us guess what Ripple will do next. Check out how far XRP has come and what possibilities it offers investors, people who want to work together, and tech experts. What is XRP The cryptocurrency and token XRP is used by Ripple Labs to make transfers easier on its network. XRP's main purpose is to make international money trades and currency exchanges faster and easier. People who are interested in cryptocurrencies are always looking for new news and information about the subject. The XRP fair market v

HSBC and Hang Seng Bank have officially joined China’s digital Yuan pilot. HSBC China customers can now utilize their debit cards to access personal digital Yuan wallet services. There have been collaborative efforts between foreign banks and China’s financial authorities. International banking giants HSBC and Hang Seng Bank have officially joined China ’s digital Yuan pilot, signalling a pivotal moment for foreign banks in the digital currency space. This comes barely a month after HSBC launched digital asset custody services. This move underscores a growing trend of traditional financial institutions embracing Central Bank Digital Currencies (CBDCs) globally. Foreign banks enter Digital Yuan pilot program Being foreign banks, HSBC and Hang Seng Bank have made headlines as part of the first group of foreign banks to officially announce their participation in China ’s digital Yuan pilot. Reports from the 21st Century Business Herald reveal that the banks

Embarking on a thrilling journey through the world of digital currencies, this guide introduces readers to an exhilarating arena where the innovative realm of cryptocurrencies intersects with the excitement of winning. It delves into the dynamic and fast-paced environment where virtual assets hold the potential for real financial gains.  Through expert insights and engaging narratives, the guide offers a comprehensive exploration of strategies, tips, and the sheer thrill of participating in this modern fusion of technology and fortune. Whether you're a seasoned crypto enthusiast or a newcomer eager to learn, this resource promises to provide valuable knowledge and an engaging experience in the ever-evolving world of digital currency gaming. How Cryptocurrency is Transforming Online Gambling In the ever-evolving landscape of online gambling, the integration of cryptocurrency is revolutionizing the way bets are placed and winnings are secured. This insightful exploration delv

Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers. Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27. However, lower levels are likely to attract buyers as the bulls will want to maintain the momentum going into the final month of the year. The bears are likely to have other plans as they will attempt to deepen the correction. That could boost volatility in the last few days of November as both the bulls and the bears try for a monthly closing in their favor. Daily cryptocurrency market performance. Source: Coin360 While near-term uncertainty remains, Rich Dad Poor Dad author Robert Kiyosaki reiterated his long-term bullish view on Bitcoin, gold and silver in a X (formerly Twit

According to Aaron McDonald, all rXRP tokens on the Root Network are backed 1:1 by XRP. McDonald explained that the project is consolidating accounts to make it easier to track. The Futureverse CEO promised to release a more formal report on the topic. According to Aaron McDonald, the founder and CEO of Futureverse,  developer of The Root Network, all rXRP tokens on the Root Network are backed 1:1 by XRP tokens on the XRP Ledger (XRPL). He noted this in a post on X (formerly Twitter) while responding to a user who sought clarification over the recent airdrop by The Root Network. Hey thanks for asking we have had several iterations of bridging process and accounts during the development of the network, especially during the pre public launch phase. All rXRP tokens are backed 1:1 by XRPL XRP in our vault accounts. We are consolidating these so that it’s… — Captain McDonald (@aaronmcdnz) November 24, 2023 The user, Thomas Silkjaer, asked how the network d

Ever felt that tingling sensation when you're on the verge of discovering something monumental? That's the crypto world for you. A universe filled with mind-boggling opportunities, where every decision can either lead to a goldmine or a landmine. Among the glittering stars of this universe, Solana and Avalanche have been the North Stars for many. But, there's a new comet in the sky, Slayboy Token (SLAY) , that's promising not just a spectacle but a potential gold rush. Here are three 10x cryptocurrencies that will change your life. Solana & Avalanche: The Blockchain Bros Breaking Boundaries Let's set the stage. Imagine two powerful titans, each ruling their own domain. Solana is not just another name in the crypto market; it's a phenomenon. Often referred to as the 'Usain Bolt' of blockchains, Solana's transaction speeds are unparalleled. But it's not just about speed. Solana's DeFi ecosystem is a bustling metropolis, holding b

Bitcoin is facing resistance at $38,000, but UNI, IMX, VET and ALGO may extend their up-move in the short term. Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and the bears about the next directional move. With Bitcoin maintaining near its 18-month high, BitMEX co-founder Arthur Hayes retained his bullish stance. In a X (formerly Twitter) post, Hayes said that the United States dollar liquidity was increasing, which is likely to push Bitcoin higher. Crypto market data daily view. Source: Coin360 Another bullish projection came from PlanB, creator of the stock-to-flow family of BTC price models, who said in a post on X that Bitcoin may not stay at the current levels for long. PlanB expects Bitcoin to maintain an average price of at least $100,