Ethereum News Official TheBitTimes.com

Bitcoin miners make moves in preparation for the BTC block reward halving, which is scheduled for April 2024. In July, Bitcoin  mining stocks continued their positive 2023 run, with the top 10 stocks by market cap gaining 23.10% on the month on average, with a year-to-date return of 277.34%. In comparison, the Bitcoin (BTC) price lost 3.59% in July as it failed to build support above $30,000 for the sixth week since June. Despite a difficult July, the BTC price is still up 78.88% in 2023. Bitcoin mining stocks performance. Source: Cointelegraph The decline in Bitcoin’s price reduced the profitability of miners. To make conditions more challenging for miners, the mining difficulty reached a new all-time high, reducing miner profitability. Historical trends show that the network’s hash rate could continue to rise leading up to the halving on April 26, 2024 as miners increase their hashing power by installing new efficient machines. Besides adding to their processing power, miners ar

The Aptos Foundation is set to host the Global Aptos Hackathon in Singapore in September 2023. The event will cover various crypto verticals including decentralized finance, NFTs, GameFi, payments, etc.  Participants stand to win as much as $30,000 from the hackathon’s several hack tracks. Aptos Foundation, the crypto organization behind layer 1 proof of stake blockchain Aptos, has announced that it will host a global hackathon in Singapore between September 11-13, 2023. The three day event will see participants design, code, and demo their web3 ideas with other builders in the crypto community and network with industry leaders.  According to Aptos’ official website, the hackathon will cover several hack tracks including non-fungible tokens (NFT), decentralized finance (DeFi), infrastructure, GameFi, payments, and tooling among several others. Participants can win as much as $30,000 in every hack track, with awards paid out at the end of the event. The ha

Also Read: Michael Saylor’s MicroStrategy Buys Another 12,333 Bitcoin s, Bull Run On? advertisement Grayscale: Bitcoin ETF Approvals Should Be Fair The company published the letter which detailed its position on the recent developments around Bitcoin ETF filings with the US SEC. The letter also mentions the Coinbase surveillance sharing agreements from the seven filings. However, it flagged the US SEC’s previous comment that questioned the relevance of pricing data produced by “unregulated Bitcoin trading venues,” which in this case is the crypto exchange Coinbase. “The SEC is already in a position to approve spot Bitcoin ETFs based on its previous approval of Bitcoin futures ETFs. The SEC’s actions related to Bitcoin ETFs should be made in a fair and orderly manner.” More importantly, Grayscale categorically stated that its spot Bitcoin ETF application deserves to be approved if and when the SEC is ready to approve other Bitcoin ETF applications.

Grayscale is urging the Securities and Exchange Commission [SEC] to simultaneously approve all proposed spot Bitcoin exchange-traded funds [ETFs]. Grayscale aims to prevent any single entity from gaining an unfair advantage over others. On July 27, Grayscale’s Chief Legal Officer, Craig Salm, stated in a post that their legal team had submitted a letter addressing eight spot Bitcoin ETF filings. This included Grayscale’s own application. The letter emphasized that the SEC should decide on being fair and refrain from selecting “winners and losers.” The SEC should approve spot # bitcoin ETFs to trade in the US. What’s more, their previous approval of bitcoin futures ETFs shows that they are already in a position to do so. Read more about the latest from our legal team: https://t.co/UC8ksqNcwy $GBTC $BTC — Grayscale (@Grayscale) July 27, 2023 Salm wrote, “Whether the SEC ultimately approves a spot bitcoin ETF following a Court mandate or through an evolution in its position

Meta officially reported its Q2 earnings on Wednesday and uncovered troubling realities for the company. Specifically, Mark Zuckerberg ’s Metaverse has lost more than $21.3 billion since 2022. Specifically, Reality Labs noted an operating loss of $3.7 billion in its most recent earnings report.  Conversley, Reality Labs, the name for Meta’s Metaverse development sector, had noted $276 million in sales during that same quarter. The unit was created to operate as MEta’s foray into virtual and augmented reality technology. However, it has proven to be a troublesome venture since its arrival a year ago. Mark Zuckerberg 's Metaverse has lost over $21.3 billion since 2022. pic.twitter.com/c8wtcfxozY — Watcher.Guru (@WatcherGuru) July 27, 2023 Also Read: Meta’s Metaverse Division Loses $3.7 Billion in Q2 Zuckerberg’s Metaverse Continues to Lose The metaverse has long been an idea with immense potential. Moreover, it has presented enormous potential for companies that see

Chairman Patrick McHenry of North Carolina praised the legislation as well as the potential for cryptocurrencies. “This is a software revolution and a financial revolution if done correctly,” he said. The Republicans had warned that without a clear regulatory bill, all crypto companies will be heading to overseas destinations. Last week, the Republicans introduced this landmark crypto bill by making a few changes after the XRP ruling. advertisement Passing the initial step is a victory for crypto supporters who argue that current regulations lack clarity and are trying to hinder the U.S. Securities and Exchange Commission’s actions against the industry, especially after the failures of prominent companies like FTX. The House Agriculture Committee, led by Pennsylvania Republican Glenn Thompson, will review its part of the bill on Thursday. This includes providing an extra $120 million to the Commodity Futures Trading Commission. Thus, the additional funding would

Also Read: Bitcoin Price Holds $29k Support: Is BTC Sweeping $25k Lows After FOMC? advertisement Gold Set To Outperform Bitcoin? Peter Brandt, a veteran trader offered a recommendation for investors who have exposure to Gold (XAU). Gold Spot is trading at an average price of $1960, at the press time. XAU price is up 0.27% in the last 24 hours. Brandt highlighted that Gold which is trading at around the $1970 price level is set to breach the $2100 price level. He expects the Gold price to hit $2189. The veteran added that since September 2020 XAU has been forming a right angled broadening triangle. As per the veteran, the Gold price linked chart from Edwards & Mage confirms an explosive upside for the precious metal. However, huge volume remains crucial to confirm the bullishness for Gold. Recommended Articles Crypto Presale Projects For 2023 To Invest;

How To Check An Ethereum Transaction: A Comprehensive Guide Navigating the world of blockchain can be challenging, especially when you’re trying to keep track of your transactions. In this guide, we’ll explain how to check an Ethereum transaction by walking you through the process step-by-step. We’ll also answer common questions like “How do I track an Ethereum address?”, “How do I check my crypto transaction?”, and “How long does an Ethereum transaction take?”. Also read: Investor Poll Shows 47% Confidence in Ethereum’s Rise Above Bitcoin Understanding Ethereum Transactions Before we delve into how to check an Ethereum transaction, it’s essential to grasp what Ethereum transactions are. Ethereum is a decentralized platform that permits users to conduct transactions with digital assets. Each Ethereum transaction is recorded on the blockchain network, providing transparency and public accessibility. Validators or miners on the network verify these transactions, making Et

Binance’s CEO and former Chief Compliance Officer seek dismissal of CFTC complaint. The exchange will submit a response to the CFTC lawsuit on July 27, seeking dismissal. Reportedly, Binance’s social image was impacted by the CFTC accusations, and from facing FUD from influencers. After Binance was accused of breaching the regulations stipulated in the Commodity Exchange Act, Binance’s CEO Changpeng Zhao and former Chief Compliance Officer Samuel Lim intend to pursue the dismissal of a complaint filed by the Commodity Futures Trading Commission (CFTC). Bloomberg revealed that according to a court filing on Monday, Binance is scheduled to submit its response to the CFTC complaint on July 27, with the intention of seeking dismissal. The defendants have also requested permission to exceed the 15-page limit on supporting briefs. Moreover, they cited the complexity of the case and the anticipated number of arguments they need to present. The filing read: Give

Also Read: Elon Musk Hints At Dogecoin Support on X (Twitter), DOGE Price Jumps advertisement Dogecoin Price Decouples From the Market The global digital asset market printed red indexes on Monday. However, amid the massive sell-off and increased selling pressure, the biggest meme crypto, Dogecoin performed a decoupling event by registering green indexes. Dogecoin price surged by almost 5% in the last 24 hours making it the second highest gainer among the top 100 crypto. DOGE’s 24 hour trading volume took a giant leap of 353% to stand at $1.3 billion. It is trading at an average price of $0.075, at the price time. According to Ali, a crypto analyst Dogecoin whales were on an accumulation spree over the last three weeks. Crypto whales scooped around 3 billion Dogecoins (approx worth $225 million) over this period of time. The accumulation has led DOGE to surge by more than 12% in the last 30 days. Read More Dogecoin News Here… Recommend