Press Release Today TheBitTimes.com

The era of declaring the NFT market dead is a thing of the past. Recent data serves as a strong testament to the resilience of the Ethereum NFT market, unveiling a thriving landscape with a transaction volume reaching an impressive $34.786 million. This surge, the highest since June 29, is underscored by remarkable performances from various NFT projects, including double-digit percentage gains within the last 24 hours for DeGods and others. The breakdown of this dynamic activity reveals that Blur constitutes a substantial 80% of the transaction volume, while OpenSea contributes 18%, emphasizing the diverse and expanding nature of the Ethereum NFT ecosystem. Source Notable Successes in Prominent NFT Ventures Several significant NFT projects have experienced substantial price increases, enhancing the overall vibrancy of the market. Pudgy Penguins, Azuki, and Milady are notable examples, with Pudgy Penguins achieving a new high by surging over 18% to exceed 10 ETH. Golden Finance re...

Sam Altman’s newly established crypto currency venture, Worldcoin , has been drawing regulatory attention, with France being the latest country to take notice. The French privacy watchdog, CNIL, has acknowledged the launch of Worldcoin by the co-founder of ChatGPT. However, the regulator has raised concerns about the legality of the company’s biometric data collection practices. According to a recent report, CNIL suggested that the iris scanning that Worldcoin requires “seems questionable.” CNIL said, “Worldcoin collected data in France, and the CNIL initiated investigations.” This distinctive project has garnered attention due to its unique verification process. This involves iris scanning, setting it apart from typical crypto projects. To achieve full verification, users are required to scan their irises using a customized device called Orb. This German-manufactured product creates a unique identifier. Currently, there are about 200 Orb...

Since its inception, the Shiba Inu [SHIB] network has been actively introducing a series of updates. This has kept the community intrigued and engaged. The lead developer of the network, Shytoshi Kusama, recently published a blog post. In this, he unveiled a new event called “Shibapendence Day,” adding to the excitement surrounding the project. What is Shibapendence Day? In the recently released blog post titled Shibapendence Day, Kusama drew attention to the longstanding presence of a centralized system that has endured for centuries. The network aims to disrupt this centralized model by introducing decentralization through the launch of ShibaSwap. The blog post further stated, “With the imminent release of ShibaSwap, we are proud to lead the charge towards the dawning of a new era by presenting the first truly decentralized exchange and declaring our Shibapendence!” “Shibapendence Day” by Shytoshi Kusamahttps://t.co/YSLFQP38of $SHIB...

Verge (XVG) was once a popular crypto but it had lost relevancy, until now. The token has rallied by 39.7% in the last 24 hours . Moreover, it has gained 305.9% over the previous two weeks. It is also up by 108.2% on the yearly charts.  Source: CoinGecko According to Santiment, Verge’s market cap more than tripled in 48 hours, accounting for more than a 209% increase. The crypto analysis platform noted that XVG is currently at the top of its trending list. However, the firm cautioned users to “watch for the FOMO effect.” Also Read: Pepe Coin Emerges as a Top 3 Gainer, Surges By 18% 🥳 The market cap of #Verge has more than tripled (+209%) in just 48 hours, and it's unsurprisingly the top trending asset in #crypto. $XVG is seeing tremendous #bullish sentiment, as our #AI bot explains. But watch for the #FOMO effect. 👀 https://t.co/SesIpSIXlh pic.twitter.com/RKCqHrW7lo — Santiment (@santimentfeed) July 4, 2023 Verge...

Re serve currencies hold great value in the global economy as they serve as crucial facilitators of international trade and finance. These currencies are held in substantial quantities by various central banks and financial institutions, enabling them to fulfill their role in supporting global economic transactions. For centuries, global re serve currencies have played a pivotal role in international trade and finance. The origins of the concept can be traced back to the 15th century when the Dutch introduced the guilder as a re serve currency. Throughout history, various currencies have risen to become dominant global re serve currencies. However, they eventually lose their status over time. This pattern noted the evolving dynamics of the international financial system. Along with this the changing likes and economic circumstances that shape the reign of re serve currencies are also highlighted. Britain’s reserve currency status endured for 105 years, while France’s lasted fo...

One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams. Westpac, one of Australia’s ’Big Four’ banks, is launching its first trial of scam protection measures designed to combat fraudulent activities related to cryptocurrencies. The protection measures aim to mitigate losses from scams and reduce potential risks. According to the announcement, investment scams account for approximately 50% of all customer losses linked to scams, while around one-third of all scams involve direct transfers to cryptocurrency exchanges, making them extremely difficult to trace. The Westpac ban comes on the same day Binance customers were told they could no longer use PayID to transfer Australian dollars to their accounts. Binance said a “third-party provider” had placed restrictions on the exchange, affecting bank transfer withdrawals for now. According to Scott Collary — Westpac’s group executive of customer services and technology — whi...

Elon Musk’s tenure as the CEO of Twitter has been surrounded by controversy for various reasons. Against this backdrop, Musk recently announced that a new CEO would be taking over the social media giant. Today, he confirmed his plans to step down as Twitter’s chief within the next six weeks. While Musk mentioned that the next CEO would be a “she”, he did not disclose her identity. This led to a flurry of reports speculating on the potential candidate for the role. According to a recent report by the Wall Street Journal, Linda Yaccarino, who currently serves as the head of advertising at NBC Universal, has been identified as a potential candidate for the role of CEO. For starters, Yaccarino’s LinkedIn profile mentioned that she has been a longstanding executive at NBC Universal. She joined the company in 2011. Her current role is Chairperson for Global Advertising and Partnerships, indicating her extensive experience and leadership in the advertising domain within the organization. S...

Artificial intelligence [AI] has evidently been taking over the world. While most of them were employing AI tools to predict the price movement of assets, Fetch.ai decided to take it up a notch. Decentralized exchanges (DEX) are getting a new set of improved trading goods from Fetch.ai. The Cambridge, UK-based company has been sticking to developing AI tools for crypto . Now, the network seemed to be taking over the decentralized finance [DeFI] space as well. Fetch.ai hopes to make it easier for DeFi users to carry out peer-to-peer [P2P] transactions by utilizing “agents” powered by AI to conduct trades based on user- defi ned criteria. The slew of trading tools is expected to launch later this quarter. Humayun Sheikh the CEO of the firm said, “Users submit their orders to an agent, which then puts it in escrow or an atomic transaction while it works out where it can do the order matching. The ability of the platform to find and create liquidity is where the platform comes into itse...

The Beginner’s Guide: How to Buy Bitcoin on eToro Looking to buy Bitcoin? With eToro and Twitter partnering to enable crypto purchases, you might wonder how to buy Bitcoin on eToro. Let us guide you through the process and get you started on your crypto journey. In recent years, cryptocurrency investments have become popular with growth investors and those seeking to diversify their portfolios. Buying and trading cryptocurrencies can be high-risk, especially for new users. That’s where eToro comes in: an award-winning social trading platform that offers a wide range of digital assets, including Bitcoin. Whether you want to buy Bitcoin using your credit or debit card, bank account, or wire transfer, eToro is one of the best options available. With low fees, a user-friendly mobile app, and various payment methods, eToro makes it easy for anyone to get started. In this beginner’s guide, we’ll show you the basic overview of how to buy Bitcoin on eToro to help you research...

Cryptocurrency adoption has significantly increased over the last few years. More and more stores and businesses are opening their doors to the emerging new asset class. American fashion brand Ralph Lauren has revealed that they will accept crypto currency payments at their Miami store. The Miami store will be the first outlet for the fashion brand to accept crypto payments. The move to accept digital currencies comes with a partnership with BitPay, the popular payments application. Customers can use popular crypto currencies such as Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) at the Miami Ralph Lauren store. Moreover, the store will also process refunds in the crypto used to make the original payment. The company is also working with Poolsuite, an NFT-gated membership that encourages the Miami lifestyle. All 3,000 members of the Poolsuite community will get a co-designed Ralph Lauren x Poolsuite NFT as the first component of the partnership. This will grant entry to a part...

Time and again, Bitcoin [BTC] has been compared to GOLD as they share several similarities. Both these assets have been noted to entail store-of-value characteristics. As skeptics continue to suggest that GOLD will remain a much more significant investment than BTC, the king coin surged to a high of $28,000 for the first time in months. Amidst this, the correlation between GOLD and Bitcoin was inching close to its highest level in over 5 years. #Gold breaks 2000, #Bitcoin at $28.5k, with a correlation of 84% approaching the highest correlation in over 5 years pic.twitter.com/BxlH4mi7XR — James V. Straten (@jimmyvs24) March 20, 2023 Bitcoin and GOLD ’s surge was attributed to the ongoing turmoil in the U.S. banking system. The downfall of centralized financial institutions prompted investors to explore other sectors. This correlation could certainly prove to be beneficial for the king coin. Investor confidence in Bitcoin as a store of value has historically bee...

It has been a difficult week for the entire cryptocurrency market. Several assets witnessed a major plummet. Meme coins like Shiba Inu [SHIB] saw immense volatility. After its January gains, SHIB dipped to a low of $0.00001189 all the way from a high of $0.00001562. At press time, SHIB was trading at $0.00001238 with a 7.39% daily drop. According to My Gov Capital, Shiba Inu’s price might linger around the $0.000015 zone. However, if the bears take over, the meme coin might dip to $0.000014. Prominent indicators were inclining toward the bears and this trend might persist through the weekend. Source – SHIB/USDT Chart on TradingView As seen in the one-day chart of Shiba Inu, the asset was currently in a downtrend. The MACD indicator further strengthened this notion as it formed a bearish crossover. The signal line took over the MACD line on Thursday. The Relative Strength Index [RSI] indicator, however, noted that buyers were still in the SHIB market. The RSI mark...

2022 will go down as one of the worst years for the cryptocurrency industry. With Bitcoin [BTC] witnessing a major plummet to mid $15K levels, the market experienced a significant correction phase. However, the narrative seems to be changing with BTC moving beyond $24,000 at press time, While many claims that the bull market has already started, a few others continue to put forth the bull trap speculation. But how long will the bear market last? Historic data points out that the Bitcoin bull run has lasted for 2.5 years on average. Bear markets, on the other hand, have time and again existed for just 1 year following the bull market. Source Market cycles usually consist of four phases. It starts off with accumulation, followed by markup, and then distribution. The last one is the markdown phase which usually is associated with the bear market. Therefore, when Bitcoin enters its accumulation phase once again, a bear cycle is usually inching toward its end. Several analysts b...

Cryptocurrencies are gaining popularity day by day. The ease of making payments and the sending and receiving of funds has been one of the reasons for this popularity. Every now and then we witness payment merchants collaborating with others to incorporate cryptocurrency payments. Read more: Shiba Inu: Burn Rate Soars by 937%, Keeping the Burn Game Up In one of the recent announcements, it has come to light that a new partnership between CoinGate and WIX will allow thousands of merchants to accept Shiba Inu alongside 70 other cryptocurrencies. The merchants will now be able to receive payments in the popular meme coin, Shiba Inu. Source: Crypto Morning Shiba Inu: When Shibarium? The Shiba Inu team has been teasing the launch of Shibarium for over six months, and the expected launch date has not yet been revealed to the community. Shibarium is definitely going to pave the path for new developments in the ecosystem. Source: Scotsman The launch could also be the ma...