Press Release Today TheBitTimes.com

Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours. A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as $220 for a high-priority transaction on Ethereum while other screenshots showed figures around the $100 mark. Bitcoin users meanwhile, reported fees that were around $10 for high-priority transactions. While this is relatively low, the average Bitcoin (BTC) transaction cost has hovered around $1 over the last three months, according to BitInfoCharts. BTC fees haven’t been this high since May. #Saitama #SaitaRealty To Add to Below Post This isn't even Height of Bull Run Already #ETH Gas Fees are Extortionate $175.79 T...

Block, Inc. reported a significant 37% increase in Bitcoin revenue in Q3 2023, reaching $2.42 billion, with an overall net revenue boost of 24% to $5.62 billion year-over-year. Block, Inc., spearheaded by Jack Dorsey, has made headlines with a notable 37% surge in Bitcoin (BTC) revenue in Q3 of 2023, amassing $2.42 billion as opposed to the $1.77 billion reported in the same quarter of last year. This leap in revenue is paralleled by a 22% increase in Bitcoin gross profit, escalating from $37 million in Q2 2022 to $45 million in Q3 2023. The uptick in revenue stems from two key factors: a higher average market price of Bitcoin and a spike in the volume sold through Block’s Cash App. Such growth indicates a robust customer demand within Block’s ecosystem. Additionally, Block has witnessed an appreciation in its corporate treasury’s Bitcoin holdings. Despite cumulative impairment charges, the carrying value of its Bitcoin investment reached $102 million, whereas...

Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives. The tokenization of real-world assets has been tipped as a major use case of blockchain technology that could drive Web3 adoption. In episode 35 of Cointelegraph’s  Hashing It Out podcast ,  host Elisha Owusu Akyaw interviews Sanjay Raghavan, vice president of Web3 Initiatives at Roofstock onChain, about tokenized real estate on the blockchain and how digital real estate investing interacts with the nonfungible tokens market and the decentralized finance landscape. Raghavan also talks about fractional nonfungible tokens (NFTs), regulations and the risks related to Web3 real estate platforms. Raghavan explains how real estate is sold on the blockchain using NFTs. Companies that sell real estate on-chain must first purchase the property and create a limited liability company (LLC). An NFT is then created, which is associated with t...

Curve Founder Expedite To Pay Off Debt Curve Finance founder Michael Egorov is almost halfway to paying off his $80 million debt through OTC sales of CRV tokens. advertisement According to a post by on-chain data analyst Ember on August 5, Curve Finance founder Michael Egorov sold 8 million CRV to 5 investors again in the past few hours. Since the sale of CRV through OTC began on August 1, Curve founder has sold 114.025 million CRV to 24 investors and institutions in exchange for $45.61 million in funds. Source: EmberCN Investors and institutions including Wintermute Trading, DWF Labs, Tron founder Justin Sun, yearn.finance, and Cream Finance have purchased CRV tokens in OTC from Michael Egorov. It helps him pay off some of his borrowing from Aave, Abracadabra, FraxLend, and Inverse Finance, as per DeBank data. Michael Egorov is under liquidation pressure if CRV price hits $0.368. It will cause DeFi platforms such as Aave to sell CRV collaterals, which co...

Spielworks CEO Adrian Krion said that the NFTs will also provide mining power and material drops to players of their Dungeon Worlds game. Blockchain gaming startup Spielworks has partnered with the Web3 platform Mycelium Network to launch a program that allows full refund s for nonfungible token (NFT) purchases.  In an announcement sent to Cointelegraph, the team explained that within the program , users who acquire NFTs called "Reverties" are eligible to get a full USD Coin (USDC) refund . The project also allows users to stake this new series of NFTs in Spielworks’s game called Dungeon Master and purchase them using USDC via a separate minting mechanism. Through the partnership, Spielworks will leverage Mycelium Network to support USDC purchases. Within the minting transaction, the USDC will be transferred to a decentralized finance (DeFi) lending pool at the Aave protocol. The team said that the interest earned in the lending pool will be used to buy back Spielwork...

Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support.  The SEC actions are actually a double-edged sword for Ethereum and on crypto Twitter, some analysts attributed the bounce in Ether as a result of it not being listed as a security in either of the cases brought against Binance and Coinbase. For instance, the SEC explicitly mentioned BNB, Solana (SOL) and Cardano (ADA), which are direct competitors to Ethereum’s smart contract processing capabilities. However, as noted by analyst Jevgenijs Kazanins, Ether’s omission does not mean that it has the green light from the SEC. SEC did not mention #ETH in the list of tokens that i...

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...

While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether's price in the mid-to-long term, according to Vivek Raman. While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be extremely bullish for Ethereum's native token, as it will attract more capital to staking and increase the network's security, according to Ethereum researcher Vivek Raman.  The Shanghai upgrade , scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since December 2020. The upgrade will complete the network’s transition to a proof-of-stake system, which started last October with the Merge. Around 18 million ETH will be available for withdrawal following Shanghai. According to Raman, that may lead to some selling pressure on ETH's price in the short term. However, in the long run, the ability to unstake Ether will “de-risk...

Blockchain courses and certifications help individuals understand the underlying principles and applications of blockchain technology. Blockchain courses and certifications can play an important role in helping individuals gain a comprehensive understanding of blockchain technology and its applications. By completing these courses, individuals can develop technical skills, stay current with industry developments, enhance their career opportunities and increase their earning potential. Here are seven blockchain courses and certifications for beginners. INE’s Blockchain Security INE’s Blockchain Security course is an online course offered by Internetwork Expert (INE) that provides a comprehensive overview of the security aspects of blockchain technology. The course covers various topics such as consensus algorithms, cryptography, network security, smart contract security, and blockchain attacks and defenses. Related: What is a smart contract security audit? A beginner’s guide This cours...

The attacker appears to be attempting to cash out funds using Binance and Changenow. The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink. The report stated that the attacker set up several fake Bitkeep web sites which contained an APK file that looked like version 7.2.9 of the Bitkeep wallet. When users “updated” their wallets by downloading the malicious file, their private keys or seed words were stolen and sent to the attacker. 【12-26 #BitKeep Hack Event Summary】 1/n According to OKLink data, the bitkeep theft involved 4 chains BSC, ETH, TRX, Polygon, OKLink included 50 hacker addresses and total Txns volume reached $31M. — OKLink (@OKLink) December 26, 2022 The report did not say how the malicious file stole the users’ keys in an unencrypted form. However, it may have simply asked the users to re-enter their seed words as part of the “update,” which the s...