Features News Today TheBitTimes.Com

Monero price moved sideways in the past few days as the recent rally faded. The coin retreated to a low of $152.18, a few points below this week’s high of $157.16. It has risen by more than 12% from the lowest point in September.  Monero, like other cryptocurrencies, are reacting to the ongoing war in Israel, which started on Saturday. The fear is that this war will push energy price s higher, forcing the Federal Reserve to continue hiking rates in the coming months.  The price of Brent rose to $87.40 while West Texas Intermediate (WTI) soared to $85.60. Natural gas has also risen in the past few days. The next key catalyst for Monero and other cryptocurrencies will be the upcoming FOMC minutes scheduled for Wednesday. These minutes will provide more information on the last meeting and provide more color on what to expect in the next meeting. The other important data to watch will be the upcoming US consumer price index (CPI) data.  Econo...

Key takeaways Bitcoin’s market dominance now stands above 50% as Ether and other major altcoins underperform . The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East. Bitcoin’s market dominance now stands at 50.3% Bitcoin, the world’s leading cryptocurrency by market cap, has seen its market dominance increase in recent years. BTC’s market dominance now stands at 50.3%, a three-month high for the cryptocurrency. This  latest Cryptocurrency News comes as Ether and other major cryptocurrencies have underperform ed in recent days. Ether has seen its market dominance decline from 19% to around 17% over the last few months.  Ether’s market dominance has been declining despite the Ethereum Merge upgrade going live a few months ago.  Ether has underperformed compared to Bitcoin since Ethereum transitioned into a proof-of-stake protocol.  Altcoins have been fa...

Bitstamp is negotiating with major European banks to offer crypto currency service s, fueled by optimism over the EU’s forthcoming MiCA regulations. Bitstamp, one of the oldest cryptocurrency exchanges, is negotiating with three leading European banks to provide cryptocurrency services. This initiative aligns with the imminent European Union regulatory structure, known as Markets in Crypto Assets (MiCA), designed to integrate digital currencies into traditional financial systems. Institutions such as Deutsche Bank and HSBC have made headlines for their growing interest in digital assets, a trend corroborated by Bitstamp’s new partnerships. You might also like: Binance executive flags potential EU stablecoin removal amid MiCA uncertainty The MiCA effect  The forthcoming MiCA regulations appear to be instilling confidence among traditional financial institutions in Europe. This is in marked contrast to the climate in the United States, where regulators are...

Memeinator aims to destroy and take weak meme tokens to oblivion. Memeinator will deliver a 132% return during the presale . A 10x to 50x increase in MMTR value is expected. Memeinator (MMTR) went on presale on August 29th at an attractive price of $0.01. A week later, investors have bought over $650,000 worth of tokens. Investors particularly look at Memeinator’s immense potential and a 132% ROI during the presale. By the recent buying strengths, Memeinator could be the ultimate meme for 2023 and beyond.  What is Memeinator and its value proposition?  Memeinator is an upcoming  cryptocurrency that rides the meme mania and frenzy to become viral. The team will invest heavily in branding and marketing to make Memeinator among the most popular projects. But Memeinator carries a huge value proposition. The project is dubbed as a futuristic meme. Having travelled back from 2077, Memeinator focuses on destroying memes that won...

In the wake of the lending institution’s financial collapse in July 2022, American authorities found themselves contemplating a decisive response against Stephen Ehrlich, accusing him of breaching derivatives regulations. Rumors swirl within the corridors of the United States Commodity Futures Trading Commission (CFTC), hinting at a potential crackdown on Stephen Ehrlich, the erstwhile chief executive officer of Voyager Digital, a crypto lending firm. Per an illuminating Bloomberg report dated October 6, CFTC ’s staff members are in the throes of deliberation, pondering the notion of pursuing punitive measures against Ehrlich. Their investigation, which culminated just before Voyager ’s bankruptcy filing, suggests that the former CEO transgressed U.S. derivatives regulations. It’s worth noting that Voyager sought refuge under Chapter 11 in July 2022, coinciding with the turbulence in the cryptocurrency market. Ehrlich, evidently perturbed and mystified by th...

On-chain activity suggests Ethereum (ETH) and two altcoins could be primed for short-term price rallies, according to the crypto analytics firm Santiment. Santiment notes that ETH, Shiba Inu (SHIB) and SushiSwap (SUSHI) traders displayed “mild signs of panic” on Thursday. All three networks displayed some of the highest levels of trader loss-taking (versus profit) in 2023, according to the analytics firm. Santiment notes the loss-taking indicators are big capitulation signals and are “typically signs of a short-term rebound opportunity.” Source: Santiment/X ETH is trading at $1,648 at time of writing. The second-ranked crypto asset is up nearly 2% in the past 24 hours. SHIB, a Dogecoin (DOGE) rival, is trading at $0.000007 at time of writing. The 19th-ranked asset by market cap is up 0.67% in the past 24 hours. Sushiswap is a multi-chain decentralized exchange (DEX). The project’s native asset, SUSHI, is trading around $0.578 at ti...

New data reveals that deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of Bitcoin (BTC) and other digital assets. According to data from whale-surveying platform Whale Alert, just over $400 million worth of the top crypto asset by market cap has moved to top US-based crypto exchange platform Coinbase or unknown wallets. The BTC transactions on Whale Alert’s radar include: 2,893 BTC worth $78,928,228 transferred from an unknown wallet to Coinbase. 6,000 BTC worth $165,715,403 transferred from an unknown wallet to another unknown wallet. 3,000 BTC worth $82,661,035 transferred from an unknown wallet to Coinbase. 2,811 BTC worth $77,197,592 transferred from an unknown wallet to Coinbase. Whale Alert also finds that millions of dollars worth of altcoins Ethereum (ETH), Dogecoin (DOGE), and XRP, the crypto asset used to operate Ripple Labs’ payments platform, were moved to and from prominent exchange platforms...

According to the analyst, ETH/BTC is a key trading pair to keep an eye on in the next few weeks. He also shared that a drop in BTC’s dominance may be an early indication of the altcoin market entering a rally. Altcoin Sherpa revealed in an X thread yesterday that December and January are ideal times to trade cryptocurrencies. The cryptocurrency trader and analyst Altcoin Sherpa revealed in an X thread yesterday that December and January are “some of the absolute best times of the year to trade/buy crypto.” According to the post, Bitcoin (BTC) nearly always does well during this period, even in bear markets. December and January are some of the absolute best times of the year to trade/buy Crypto. $BTC nearly always does well (even in bear markets) and $ETH outperforms. Altseasons are born during these times. Quick thread: pic.twitter.com/nHxnBulans — Altcoin Sherpa (@AltcoinSherpa) October 5, 2023 The analyst mentioned that the leading altcoin Ether...

FTX Co-Founder Gary Wang’s admitted guilty to financial fraud and implicated Sam Bankman Fried. Former FTX software developer Adam Yedidia’s testimony revealed that FTX was using customer deposits to repay Alameda’s loans. Yedidia said, “FTX defrauded all its customers.” October 5 was the third day of Sam Bankman-Fried’s trial, and three people testified.  FTX Co-Founder Gary Wang, Former FTX Software Developer Adam Yedidia, and Paradigm Co-Founder Matt Huang. Gary Wang was the co-founder of FTX and Alameda Research, and he pleaded guilty to committing wire fraud, securities fraud, and commodities fraud. The prosecution began the testimony by asking Wang, “Did you commit financial fraud while working at FTX?” which Wang confirmed. The prosecution asked Wang if he saw any of the people with whom he committed fraud in the courtroom, to which “he stood up, spotted Sam Bankman-Friend, and said yes,” according to CNBC. Furthermore, Wang was al...

Amid what has been a fragile economic reality for citizens, US Mortgage rate s have officially risen to their highest levels in more than 22 years. The housing market has continued to be incredibly tough, with an average of 7.5% for a 30-year loan marking the highest figures since the year 2000. JUST IN: 🇺🇸 US Mortgage rate s rise to highest level in over 22 years. — Watcher.Guru (@WatcherGuru) October 5, 2023 The United States has continually fought inflation through interest rate hikes in order to fend off a recession. Yet, those actions are set to have robust consequences that begin to manifest over the course of the next several years. Now, the Mortgage rate increases are poised to be a massive concern for citizens in the market for a new home. Also Read: Former Treasury Secretary Predicts Future of the US Dollar US Mortgage Rates Climb to Heights Not Seen Since 2000 The entire world is navigating rather vulnerable economic circumstances, and...

Oct 05, 2023 at 09:01 // Price Author Coin Idol Bitcoin (BTC) price has once again started to rise after crossing the moving average lines. Cryptocurrency price Analysis by Coinidol.com. Bitcoin (BTC) Price Long-Term Forecast: Bullish Bitcoin price has started a series of higher highs and higher lows. BTC rose to a high of $28,611 on Oct. 2, but was then pushed back. Today, the price of the largest cryptocurrency is at $27,662. Bitcoin is now trading below resistance of $28,400. Bitcoin is benefiting from the possibility of a rise as it is trading abov...

South Korea has joined the ranks of nations launching pilot programs for central bank digital currency (CBDC). The pilot project, aimed at exploring the technical infrastructure for a CBDC, will involve the participation of private banks, public institutions, and the invaluable technical support of the Bank for International Settlements (BIS). The joint announcement regarding the CBDC pilot program was made on October 4th by the Bank of Korea (BOK), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS). According to the announcement, the project’s primary objective is to evaluate the feasibility of a future monetary system built upon “wholesale CBDCs.” The pilot program encompasses not only private banks and public institutions but also includes comprehensive testing of both retail and wholesale CBDCs. Within the experimental framework of the wholesale CBDC, participating banks will tokenize their deposits and circulate them within a ne...

The BRICS summit ended on a high note in August after the bloc inducted six new countries into the group. Leading oil-producing nations Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia will join the alliance in January 2024. Also, Argentina is the only new BRICS member that does not produce and export oil. The one common thing between the 11-member BRICS group is their disdain for the U.S. dollar. Moreover, BRICS is looking to end dependency on the U.S. dollar by promoting their local currencies for cross-border transactions. Also Read: South African President Makes Huge Announcement on BRICS Expansion In this article, we will highlight the 10 American sectors that could be severely affected if BRICS stops using the U.S. dollar for trade. The American economy could be significantly impacted if other local currencies grow stronger in the international markets. BRICS: 10 U.S. Sectors To Be Impacted If Dollar is Ditched As Payment Source: energyintel.com / rustamxakim/ Sh...

Despite stepping into “Uptober,” the crypto market is not yet out of the bearish woods. Most assets have been struggling to make northward strides on the price front. Even amid the humdrum environment, community members have been keen about Dogecoin . At press time, the ticker DOGE was a trending topic in the business and finance genre on X [formerly Twitter]. Source: X Also Read: Crypto: After Coinbase, Singapore grants MPI License to Sygnum Towards the end of September, Dogecoin initiated an uptrend. It ended up appreciating by almost 7%, and claimed $0.0642. However, it started wiping out its gains right after, and formed a downtrend on its short timeframe chart. DOGE/USDT by TradingView Also Read: Bankman-Fried Faces 115 Years in Prison: Trial to Begin on Oct. 3 What’s In Store For DOGE? The DOGE market has been quite volatile of late. Even so, new derivatives traders have not been looking to step into the market. DOGE’s futures OI has been ho...

Blockchain analytics firm Chainalysis said it’s laying off 15% of its workforce, or about 150 employees, amid difficult market conditions. It marks the second round of layoffs for the company this year, after it cut 5% of its workers in February. Amid an ongoing cryptocurrency bear market, it said it feels it’s necessary to cut expenses. “This reorganization reflects our ongoing strategic shifts to balance our growth aspirations,” said Madeleine Kennedy, vice president of communications. “We are going to focus on profitability and maturity and to ensure that we are agile in light of evolving market forces.” Chainalysis is laying off approximately 150 employees, or slightly more than 15% of its staff of 900. Chainalysis was valued at $8.6 billion in 2022. The company reduces investment in the private sector and focuses on the government sector, which provides 70% of revenue.… — Wu Blockchain (@WuBlockchain) October 3, 2023 Forbes re...

For the first time in six weeks, institutions have bought more crypto than the amount SOL d. After registering outflows for 1.5 months, crypto asset investment products registered positive flows for the first time last week. CoinShares’ latest weekly report highlighted that the inflows were worth around $21 million. Chalking out the reason for the trend flip, the report highlighted, “We believe the inflows are a reaction to a combination of positive price momentum, fears over U.S. government debt prices and the recent quagmire over government funding.” Source: CoinShares Also Read: Crypto: After Coinbase, Singapore grants MPI License to Sygnum Bitcoin and Solana were the biggest beneficiaries. Bitcoin inflows summed up to $20 million last week, while Solana ’s number flashed a value of $5.1 million. The report brought to light, “Solana continues to shine, with inflows of US$5m, marking its 27th week of inflows and just 4 weeks of outflows th...

FTX founder Sam Bankman-Fried’s trial is all set to begin tomorrow, i.e. on Oct. 3, 2023, in a federal courtroom in Manhattan. He currently faces up to 115 years behind bars. The executive faces fraud and conspiracy accusations related to the operation and subsequent collapse of FTX. Unlike his colleagues, the FTX founder has pleaded ‘not guilty’ against all charges against him. Tomorrow, Sam Bankman-Fried will stand trial for one of the biggest frauds in US history. SBF is facing up to 115 years in prison. pic.twitter.com/jPM8zMf7sj — Watcher.Guru (@WatcherGuru) October 3, 2023 Also Read: Sam Bankman-Fried: Being Sent to Jail Violates ‘Free Speech Right’ Bankman-Fried was granted a $250 million bail towards the end of Q4 2022. That had been recognized as the highest pre- trial bail bond in the history of the U.S. In August, U.S. prosecutors asked the court to revoke Bankman-Fried ’s $250 million bond. The executive...

Sam Bankman-Fried considered offering Donald Trump $5 billion to stop him running for the US presidency again, Michael Lewis said. Lewis, the author of books including “The Big Short,” told CBS News that Bankman-Fried saw Trump’s potential candidacy as a significant threat to American democracy. Lewis revealed the information in a wide ranging interview with CBS in connection with the Oct. 3 release of his new book on Bankman-Fried, ” Going Infinite: The Rise and Fall of a New Tycoon.”  “Sam’s thinking, ‘We could pay Donald Trump not to run for president. Like, how much would it take?'” Lewis said. “ So he did get an answer. He was floated– there was a number that was kicking around. And the number that was kicking around when I was talking to Sam about this was $5 billion, Sam was not sure that number came directly from Trump.” Michael Lewis reports that Sam Bankman-Fried considered paying Donald Trump n...

A man in Dubai purchased Shiba Inu tokens in August 2020 worth $4,000. The investor got to accumulate nearly 5 trillion SHIB tokens with his $4,000 investment back in the day. However, SHIB was among the least-performing cryptocurrencies in 2020, and the majority of early investors did not believe in the token’s capability. Investors purchased Shiba Inu just to earn quick profits and jumped ship without thinking about the long term. Also Read: Shiba Inu Forecasted To Delete 2 ‘Zeroes’, Spike 1,500% & Hit $0.0001 Similarly, the investor who resides in Dubai did not think that Shiba Inu would generate life-changing profits. It’s not his fault either, as SHIB was just another token in the cryptocurrency markets making its way after the rise of Dogecoin. Shiba Inu: Dubai Investor Nearly Makes $70 Million in SHIB, Unfortunately, Sells For $4,000 Source: Pexels Shiba Inu barely performed in 2020, making the investor nervous about its future prospects. SHIB dipped i...