Ethereum News Official TheBitTimes.com

In his most recent video update, Alessandro De Crypto provides valuable insights into the ongoing presale of Meme Kombat (MK). Even in the face of a bearish market sentiment towards digital assets like Bitcoin, meme coins continue to sustain their popularity. Furthermore, investors have promptly taken notice of meme coins with utility. Meme Kombat, a project abundant in memes that transforms popular meme-coin mascots into characters within its Play-to-Earn game, is approaching its presale hard cap. The project’s progress, active engagement with the community, and coverage in crypto news outlets have propelled its success. Consequently, its native $MK token could emerge as one of the most promising new meme coins to watch this 2024. Meme Kombat presale has raised $7.8 million toward its goal In a market downturn, it’s rare for projects to become popular and quickly reach their presale stage. Yet, that’s exactly what Meme Kombat accomplished. The main reason behin...

The Manta Network price plunged 6% in the last 24 hours to trade for $3.3789 as of 2:45 a.m. EST time on trading volume that dropped 8%. Nevertheless, it remains bullish, consolidating within a bullish flag pattern, with the technical formation setting the stage for a strong move north. #MANTA development looks solid! Price retested previous highs, now forming a bullish flag Anticipating a pump continuation #CryptoUpdate #Crypto pic.twitter.com/j9Cm7K5P1u — Trade Byte (@Official3Byte) January 31, 2024 Investors remain bullish on the Manta Network price, with the altcoin displaying a bullish outlook on the lower timeframe. #PREMIUM_SIGNAL$MANTA looking good in 4H timeframe at that moment ✅#MANTA $3 is coming soon then we can see $4 or $5 if $BTC stable 🚀🚀🚀 pic.twitter.com/ylpAwDnR2j — TOP GAINER TODAY (@RoccobullboTTom) January 24, 2024 With the Manta Network price looking bullish, MANTA token has merited the list of top five hot to...

Kraken wins court battle to protect user transaction data in an XRP lawsuit. The legal dispute involves Ripple Labs and plaintiff Vladi Zakinov. It pertains to whether XRP should be designated as a security or a currency. U.S.-based exchange Kraken has triumphed in its quest to safeguard the personal data of its users amid the XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. On-chain investigator “Mr. Huber” took to X to laud Kraken’s stance, highlighting the exchange’s proactive efforts to shield its customers’ identities. Last month, Kraken filed a plea in response to a court directive requiring all U.S.-based crypto exchanges to furnish private trading data about their XRP clientele. In addition to trading data, the court-mandated the disclosure of customer identities associated with XRP transactions conducted between July 3, 2017, and June 30, 2023.  In a recent post on X, Mr. Huber brought to notice that the U.S. court h...

Justin Bons, the Founder and CIO of Cyber Capital, Europe’s oldest crypto currency fund, is known for challenging comments on X. The full-time crypto researcher dropped another controversy on January 29, describing Bitcoin (BTC) as a meme coin. However, Bons’ claims are not empty. He justifies his take by Bitcoin’s lack of “purpose and serious utility” beyond price speculation – similar to meme coins. Moreover, Cyber Capital’s founder blamed BTC’s low scalability, mentioning no “capacity” in allusion to its maximum capacity of 7 transactions per second (TPS). Additionally, Just Bons mentioned no “programmability” or “long-term security” for the leading crypto currency, concluding BTC has “no utility.” BTC is a meme coin Without capacity, programmability, or long-term security; BTC has no utility! Purely speculative, without purpose or reason BTC is now the opposite of what Bitcoin was supposed to become Betraying Satoshi's original vision laid out in the Bitcoin whitepaper ...

Victoria, Seychelles, January 30th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of API3 (API3) in Innovation Zone and DeFi Zone, reinforcing its commitment to providing cutting-edge opportunities to users. This strategic move signals Bitget’s dedication to supporting the development of diverse blockchains and ecosystems while enhancing its market offerings. API3 addresses a critical challenge in the blockchain industry: the reliable and seamless access of smart contracts to essential real-world data. The platform aims to facilitate the creation, management, and monetization of decentralized versions of APIs on a large scale. As blockchain technology continues to permeate various sectors, ranging from decentralized finance to supply chain management, the necessity for smart contracts to deliver timely and dependable real-world data has become increasingly paramount. With its unveiling in...

Bitcoin demonstrated resilience by maintaining a price above $42,000, rebounding from a dip over the weekend. With the crypto community closely monitoring Bitcoin’s movements, the digital currency encounters resistance at key levels, particularly at $43,600 and $45,589. The recent launch of the first spot Bitcoin exchange-traded fund (ETF) in the United States has generated a mix of excitement and skepticism. Economist and Bitcoin critic Peter Schiff seized the moment to reiterate his warnings about the fate of the crypto currency. Fallout from the Bitcoin ETF Launch Despite high expectations surrounding the debut of the first spot BTC ETF in the U.S., BTC fell short of meeting projections, prompting Peter Schiff to assert an ‘I told you so’ sentiment. Schiff, known for his skepticism of BTC, had previously cautioned about the ‘buy the rumor, sell the news’ sentiment. Now, he contends that the crypto industry is downplaying the significance of the de...

A spate of ETF fund managers, including Proshares, Grayscale, Roundhill, and Simplify are announcing interest-bearing spot bitcoin ETFs that promise bitcoin exposure along with generous dividends.  For example, another firm, Purpose Investments, is offering 11.9% yield on its Bitcoin yield ETF in Canada, while other ETF sponsors are aiming for highly variable rates starting at 0.49% and going as high as 33.19% (an annualized figure that is expected to decrease soon). Grayscale hasn’t announced a yield but jotted 5% as a placeholder in its prospectus. These new yield strategies are particularly salient given the decline in bitcoin’s price since the SEC approved 11 spot bitcoin ETFs on January 10. Since that date, bitcoin has declined about 8% from approximately $46,000 to near $42,300. Many bankrupt or troubled entities held GBTC and have been selling after its conversion to an ETF. All of these sales are anomalous stressors on the thinly traded bitcoin options market. S...

Harvest Fund Management’s Hong Kong branch has reportedly filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission. According to a Tencent News report, Harvest Fund Hong Kong has filed for a spot Bitcoin ETF with the Hong Kong Securities Regulatory Commission (SFC), as the local authorities have signaled their willingness to greenlight spot crypto ETFs. As of press time, Harvest Fund made no public statements on the matter. The report suggests that the SFC is leaning towards approving the ETF for listing on the Hong Kong Stock Exchange post the conclusion of the Chinese New Year, slated to end on Feb. 11. According to Tencent News, there is a possibility that the SFC might follow the U.S. in the way of approving applications from multiple companies simultaneously. As of now, Harvest Fund stands as the exclusive institution to have formally submitted an application for a spot Bitcoin ETF, the report notes. Earlier, crypto.news reported that...

Experts believe IOTA has a bright future, given recent positive trends like a 8% surge in the last 24 hours and a 30% increase over the past three days. This indicates potential for substantial growth in the upcoming bull market, even though its performance in the previous cycle was not as strong. This article seeks to give a detailed Analysis of IOTA’s recent market activities, past performance, and its outlook in the wider cryptocurrency scene from an expert perspective. Taking a step back to look at the broader cryptocurrency market, recent trends suggest some instability. In the past week, there was a significant shift with $5.8 billion worth of crypto options expiring within the last 24 hours. However, examining the past 3-4 hours reveals a positive trend, especially with various cryptocurrencies, including the leading Bitcoin (BTC), showing promising movements. Bitcoin, being the primary player in the crypto space, is currently striving to surpass the $42,000 mark. It...

The SatoshiVM price has bounced back with a 17% pump in the last 24 hours to hold a spot price of $4.13 as of 1:00 a.m. EST. This comes amid a new upgrade on the network called S VMZK, a comprehensive, non-interactive, zero-knowledge proof toolbox designed to validate L2 block transactions and prevent sequencer manipulation by efficiently submitting succinct proofs to Bitcoin. It supports operations like addition, subtraction, multiplication, division, and comparisons, ensuring integrity between sequencer and validator mempools and mitigating prover-verifier collusion.  We describe SVMZK, – an efficient NIZK proof toolkit. Given commitments [a], [b], [c], the prover is able to convince the verifier of various relations, such as addition, subtraction, multiplication, division, or comparisons between them. In order to solve the possibility of… — SatoshiVM (@satoshivm) January 25, 2024 SatoshiVM Price Prediction Looking at an in-depth Analysis of 1-hour...

The hacker who took over the X (formerly Twitter) account belonging to Algorand’s CEO is gloating that they were able to take a nap in the 11 hours since the foundation announced it would kick them out.  Staci Warden’s X account was apparently hacked this morning and subsequently posted a series of irregular comments. A number of changes were also made to the account.  At 3:23 AM GMT, one hour before its first irregular post, the Algorand Foundation warned users to avoid interacting with the compromised account , saying that “[ Algorand ] are in the process of recovering it.” However, despite Algorand appearing to be on top of the situation, 11 hours later the account gloated, “how long is this process,” adding that whoever was responsible “took a nap and I’m still here.” ️ @StaciW_DC’s account has been compromised. Please do not click on any links on her account or respond to DMs. We are in the process of recovering it. — Algorand Fo...

The Bitcoin price has climbed 0.8% in the last 24 hours to trade at $40,175 as of 11:05 p.m. EST on daily trading volume that dropped 12% to $17 billion. This comes as JPMorgan says investors might have finished taking most of their profits from the Grayscale Bitcoin Trust (GBTC), which could help reduce selling pressure on Bitcoin’s price. JPMorgan’s observation follows a notable event on January 24, where the ten approved spot Bitcoin ETFs experienced a significant net outflow of $158 million. This marked the largest net outflow since their launch, according to information from BitMEX research shared on the social media platform X. Bitcoin Spot ETF Flow – Day 9 – UPDATE Data out for all providers $158m net outflow for day 9 pic.twitter.com/5UZmgoyK28 — BitMEX Research (@BitMEXResearch) January 25, 2024 The Grayscale fund has consistently been worth less than its net asset value since early 2021. Analysts believe the $4.3 billion taken out of the...

A Solana-based (SOL) wireless crypto project is skyrocketing after partnering up with a telecom firm. In a new press release, Nova Labs, the team behind Helium Mobile (MOBILE), says it’s collaborating with Spanish telecom firm Telefónica to launch mobile hotspots in select parts of Mexico. According to Nova Labs, Helium and Telefónica together will not only boost the mobile phone network’s service area but will also offer a unique feature – the ability for users to access mobile WiFi using just a phone’s SIM card. “Nova Labs, a pioneer in decentralized wireless communication technologies, have partnered to launch Helium Mobile Hotspots in Mexico. The solution, implemented with select customers in Mexico City and Oaxaca, will extend Telefónica’s coverage and enable the offloading of mobile data to the Helium Mobile Network and improve overall mobile coverage service for customers… Helium Mobile Hotspots are connected to a proprietary management system ...

Polygon introduces AggLayer protocol for seamless blockchain integration. AggLayer aims to unify liquidity and enhance user experience across platforms. Potential MATIC decline could be offset by the positive sentiment surrounding AggLayer launch. Polygon Labs is set to launch a game-changing protocol named AggLayer, aimed at transforming blockchain integration and enhancing interoperability across platforms. This innovative development comes at a crucial time as Polygon ’s native cryptocurrency, MATIC, faces potential bearish pressure. AggLayer promises to streamline blockchain operations, addressing fragmentation and scalability issues prevalent in the current ecosystem. AggLayer: simplifying blockchain integration AggLayer, a pioneering blockchain aggregation layer, is slated to debut in February. Designed as a centralized protocol, AggLayer aggregates zero-knowledge (ZK) proofs from connected chains, thereby improving interoperability across ...