Ethereum News Official TheBitTimes.com

In the realm of content creation, three key elements play a pivotal role: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the diversity in sentence structures. Finally, predictability measures the likelihood of predicting the succeeding sentence. When it comes to human-authored content, there’s a noticeable tendency for greater burstiness, with a blend of lengthy, intricate sentences intermingling with concise ones. In contrast, AI-generated sentences often lean towards uniformity. Now, as we venture into the creation of the forthcoming content, it’s imperative that we infuse it with a healthy dose of perplexity and burstiness while keeping predictability to a minimum. Our language of choice is English. Let’s proceed with the rewrite: Within the dataset, we unearth two transactions in which the malefactor orchestrated the movement of 2,500 ETH, each of which held a valuation of a staggering $4 million. Fast for

Ripple Labs Inc. has backed out of its decision to buy Fortress Trust without citing a reason. CEO Brad Garlinghouse said in a tweet that Ripple would nonetheless remain an investor in Fortress. A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since made the decision not to move forward with an outright acquisition, though Ripple will remain an investor in @Fortress_io. — Brad Garlinghouse (@bgarlinghouse) September 28, 2023 “The Fortress team is incredibly talented, and has built products solving real customer problems,” he said. “While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future!” The Fortress team is incredibly talented, and has built products solving real customer problems. While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future! — Brad Garlinghouse (@bgarlinghouse) September 2

Web3 is set to revolutionize OTT and film, transforming passive viewing into an interactive experience by leveraging blockchain infrastructure and tokenomics. With a fusion of blockchain wizardry, cutting-edge tokenomics and top-tier security, EarnTV is on a mission to revolutionize the streaming and film industry. In an era marked by ever-expanding technologies, traditional broadcasters, including Web2 stream ing platforms and classic TV channels, appear to have fallen behind the curve. Web2 streaming has long been the standard for delivering digital content. Services like Spotify, Netflix, and Hulu have become household names. However, they are all centralized platforms controlled by a single company. This centralization gives these companies significant influence over what content is available, how it is presented, and the pricing models imposed on users. Furthermore, Web2 streaming lacks the interactive elements that many modern viewers crave. Unlike some newer platforms, which fo

Clay thinks Proposal 11820 could hurt the growth of the Terra Classic community. The ClayBro host believes the industry’s current situation is not ideal for uncalculated spending. Proposal 11820 is crucial and could shape the future of the Terra Classic ecosystem. According to Clay, the host of the ClayBro YouTube investment channel, passing the Terra Classic Infrastructure Proposal could hurt the growth of the Terra Classic community. Clay believes the crypto industry’s current situation is not ideal for uncalculated spending. He thinks the Terra Classic community needs to budget and work with people willing to sacrifice for the project. Clay highlighted LUNC’s newly-found bullish momentum amid a new proposal from the project’s community, the Terra Classic Infrastructure Proposal. According to Clay, this proposal, with the numerical identity 11820, is a community pool spending proposal by Allnodes, remarkable for its contributions to the growth of the Terra

Once Ethereum futures ETF and spot Bitcoin ETF applications get approved, there will be a marketing war like we've never seen says, Bloomberg ETF analyst Eric Balchunas. Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could be launch ed as early as Oct. 2. On Sept. 28, VanEck released the two “Enter the Ether” themed TV commercials, revealing that its Ethereum Strategy ETF — tickered EFUT — is “coming soon.” AI, AI, Uh Oh! Follow for updates on how to Enter the Ether. pic.twitter.com/wM69nVtbWC — VanEck (@vaneck_us) September 28, 2023 The commercials came on the same day VanEck published a press statement about its upcoming EFUT, stating it will be listed on the Chicago Board Options Exchange and be managed by Greg Krezner, VanEck’s Head of Active Trading. Bloomberg ETF analysts Eric Balchunas and James Seyffart believe the TV ads could hint that Ethereum futures ETFs are “hap

PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider. PayPal made major progress toward creating its own blockchain ecosystem by filing a patent application for a nonfungible token (NFT) purchase and transfer system. The application, filed in March and published Sept. 21, describes a means of carrying out transactions with NFTs, both on- and off -chain .  The patent application, which is still pending, describes a system where users can buy and sell NFTs through a third-party service provider. That provider is not specified, though Ethereum is mentioned in the text. Related: PayPal enables US users to sell cryptocurrency via MetaMask wallet PayPal envisioned using the full potential of NFTs for tokenization, going far beyond the exchange of electronic collectibles: “The NFT in this example may represent any unique piece of digital data that can be tracked using a decentralized blockchain ledger. […] Exam

Spurred on by user requests, traditional Bitcoin lending firm Ledn is rolling out an Ethereum yield product. Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ethereum (ETH) yield offering following user requests for a shielded alternative to manually staking Ether. The Cayman Island’s firm has added an ETH offering to its Growth Accounts products, which currently offers users ring-fenced facilities to earn interest on Bitcoin and USD Coin (USDC) deposits. An announcement shared with Cointelegraph highlighted user calls for a means to earn interest from ETH holdings without having to manually stake and manage Ether through liquid staking pools. The lending firm also notes that its Growth Accounts are specifically “ring-fenced” from Ledn’s other products and services. Deposited ETH is only exposed to the counterparty that generates yield off the staked amount, which means that users deposits will remain unaffected if Ledn was t

New research unveils the best countries and industries for finding your ideal crypto job, even in unexpected regions. Cryptocurrencies, once the realm of tech enthusiasts and niche investors, now have a significant foothold in the global job landscape. Anchored by blockchain technology, the cryptocurrency domain is generating roles for those well-versed in its nuanced architecture. According to a study by Coin Kickoff’s spanning over 150 countries, about half of all crypto jobs are hosted by prominent exchanges like Coinbase and Binance. Highlighting this surge, software engineers at these exchanges can earn up to an impressive $900,000 a year. Which regions offer the most opportunities in this dynamic field? Let’s delve into the leading cities and nations in cryptocurrency employment and explore the industries most eager to tap into crypto talent. Countries leading in crypto employment The global map of cryptocurrency employment shows that while crypto has its dominance in the

Will Ethereum Recover? A Deep Dive into the Future of ETH Cryptocurrencies have taken the financial world by storm, and Ethereum (ETH) has been at the forefront of this revolution. As one of the largest cryptocurrencies by market capitalization, Ethereum has gained significant attention from investors, traders, and enthusiasts alike. However, the recent market volatility and regulatory concerns have left many wondering: Will Ethereum recover and continue its upward trajectory? In this article, we will explore the future of Ethereum, analyzing key factors such as its transition to a proof-of-stake (PoS) blockchain, price forecasts, and the overall market sentiment. Also read: Cloud & Crypto-Based Gaming the End for Xbox, PlayStation? Source: CNN Understanding Ethereum’s Current Challenges Before diving into Ethereum’s recovery potential, it’s essential to understand its current challenges. One of the main concerns is the transition from a proof-of-work (PoW) to a pro

A former CEO of a local bank in the U.S. lost the company to a crypto scam. A bank client raised the alarm after the CEO approached him for a $12 million loan. The company’s customers are not affected, but shareholders face heavy losses. A former chief executive officer of a local bank in the U.S. sank the company after using the company’s money for a cryptocurrency investment, which later turned out to be a scam, a Bloomberg report revealed. According to the report, signs of the CEO’s troubles appeared after he asked one of his wealthiest clients for a $12 million loan. The said CEO, Shan Hanes, led the Heartland Tri-State Bank, which sits in Kansas, U.S.A. The report detailed that the bank mostly offers lending services to local farmers and businesses. Precisely, the report alleged the CEO had poured the company’s money into a cryptocurrency investment in Hong Kong. However, the CEO ran into trouble and needed extra funds to get the money out. The r

The US dollar reached a 10-month high on Wednesday against other currencies in the foreign exchange markets. Local currencies from BRICS countries are weakening against the US dollar, reaching new lows at the end of the day’s trade in September 2023. The US dollar index touched 106 this week, reclaiming its 10-month high, and it is only 8 points away from touching its 52-week high of 114. Also Read: BRICS : Top Oil Producer Ditches US Dollar, Accepts Only Local Currency The US dollar is strengthening as government bond yields have jumped to a 16-year high. The US government bond yields spiked despite BRICS dumping $123 billion in US Treasury bonds this year to stop their growth. The robust economic data pushed the dollar up against other local currencies despite battling higher interest rates in the homeland. US Dollar Rises Against All BRICS Currencies, Reaches 10-Month High Source: nationalinterest.org The markets expected the economy to deteriorate, but the recent job

Crypto insurance provider AnchorWatch has announced a $3 million round led by investment firm Ten31. AnchorWatch offers Trident Vault, a protocol native custody solution for commercial entities holding Bitcoin. The platform will use the funding to undertake key regulatory and capital requirements. AnchorWatch, a US-based provider of bespoke insurance products for commercial entities that hold Bitcoin, has closed a $3 million seed round led by Ten31, a firm that invests in companies and platforms building Bitcoin-focused infrastructure. The round attracted participation from Bitcoin Magazine ’s UTXO Management, Axiom BTC , Timechain, and Bitcoin Opportunity Fund among others. Building a protocol native custody solution AnchorWatch revealed in a press release on Tuesday that it will use the capital injection to “complete all regulatory and capital requirements.” This is part of the company’s effort to bring Trident Vault, a protocol-native custody solutio

In the second half of 2020, Bitcoin’s (BTC) supply held by US entities surged with the start of the bull market that led to all-time highs in 2021, following a constant uptrend since 2014. However, this historic trend has shifted with the BTC supply fleeing the United States. Data shared on September 26 by an on-chain analyst’s pseudonymous ‘ SimonaD ’ on CryptoQuant illustrates the historic trend and the current trend reversal — with a bearish divergence among BTC price’s historic correlation with this metric. After the peak of the amount of Bitcoin’s supply held by US entities in 2021, which was correlated with the first top in April, the trend reversal started. Showing a lower level of a similar divergence as the one seen at the time of publication: Supply distribution to US entities slightly starts falling, and the price goes to its all-time high in November 2021. Bitcoin: Geographical Supply Distribution by Entities | US. Source: CryptoQuant Notably, the real shift in supply

Around $56.5 million worth of ARB in unclaimed tokens were sent back to the project’s treasury. ARB may continue to move between $0.80 and $0.83 in the short term. If the OBV fails to rise, then ARB could drop to $0.79. The Arbitrum (ARB) Foundation has ordered that the 69.44 million un claim ed ARB tokens be returned to the DAO’s treasury. The tokens represent what is left of Arbitrum’s decision to distribute rewards to its early users earlier in the year. ARB Goes Back to the Initiators In March, when Arbitrum’s Mainnet launched, the project allocated a sizable portion of the tokens to its Testnet users. Within the first hour of launch, over 42 million ARBs were claim ed, and on the first day, users had claim ed $120 million worth of the token. Despite the impressive number, there was still about $56.5 million worth of ARB left unattended. For the Arbitrum Foundation, six months is enough to claim the tokens. Hence, the decision to take back the to