Ethereum News Official TheBitTimes.com

Lawyer And XRP Community In Defense Of Judge Torres’ Decision There have been heated debates between lawyer John E. Deaton and Charles Gasparino related to Ripple vs US SEC lawsuit and XRP. In response to Gasparino’s latest tweet attacking the decision by Judge Torres, Deaton said “Some of the same folks behind the ‘attack the judge’ narrative were the ones attacking me prior to the ruling.” advertisement Deaton in a long Twitter thread on July 24 slammed those who attacked him for supporting Ripple and XRP. Despite being an early Bitcoin and Ethereum hodler, he had been attacked by Bitcoin and Ethereum Maxis and supporters calling him a conspiracy theorist and “shitcoin attorney.” Deaton says his investment in BTC and ETH is many times larger than in XRP. “SEC threatened me and requested I be thrown off the case! The Maxis ignored the gross government overreach because they disliked Ripple and its executives ...

Indonesia has introduced a national crypto asset exchange and clearing house to foster transparency and security for digital asset investors in the region.  The bourse, which has been operational since July 17, 2023, will list existing licensed crypto companies such as Binance’s Tokocrypto and Indodax as traders. Indonesia fostering crypto adoption  When nations like Kuwait are imposing blanket bans on crypto, the Indonesian government has introduced a new national crypto exchange to enhance transparency and foster investor protection.  Operated by PT Bursa Komoditi Nusantara (BKNI), a subsidiary of the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti), the platform will offer a variety of cryptocurrencies such as Bitcoin, Ethereum, and Tether.  This initiative aims to provide Indonesian investors with a trusted platform to engage in crypto transactions. BREAKING: Indonesia Launches National #Crypto Exchange (CEX) and clearing house — G...

The Smart Network Operator Platform enabling Shared, Integrated and more Sustainable Urban Freight Logistics (SENATOR) is leveraging the Ardor, a block chain , for urban planning policies to design sustainable last-mile operations, latest reports on July 20 shows. SENATOR and urban planning policies SENATOR is funded by the European Commission and leverages blockchain technology in urban planning policies. Its main objective is to design decentralized and transparent last-mile operations, focusing on sustainability and security. Coordinated by Correos, an international consortium is managing the affairs of the SENATOR project, the platform aims to create a smart network operator integrated with an advanced urban freight logistics system, with a primary focus on optimizing freight delivery services in urban areas.  You might also like: Ardor V2.4 Introduces New Innovative Features to the Decentralized Asset Exchange By reducing the distance and number of freight delivery ...

Sequoia Capital’s longtime partner Michael Moritz has departed, recent reports reveal.  After 37 years, Moritz is redirecting his efforts towards Sequoia Heritage, a wealth management business he co-founded in 2010.  Managing assets of over $15 billion, the fund will become his primary focus, encompassing a significant portion of his family foundation, Crankstart’s resources. For a seamless transition, sources have confirmed that Moritz will remain on the boards of several Sequoia-backed companies, including Stripe Inc., even though he is no longer involved in day-to-day operations.  Crypto investment missteps trigger departures Sequoia Capital’s venture into the crypto currency market resulted in some major setbacks, prompting significant investor departures.  The venture capital had invested in FTX, a crypto currency exchange that collapsed, resulting in a massive loss of $214 million from its global growth fund. Although the loss is a ...

CoinMarketCap released an analysis of the crypto sector at the end of the first half of 2023. The second quarter of 2023 is addressed as a lost quarter with no major developments. The report shed light on the diverse sectors of the market, placing meme as the most popular sector. A recent report addressed the second quarter of 2023 as a “lost quarter” in the crypto world, asserting that the strong market narratives Q1 experienced were absent in Q2. The leading crypto data authority CoinMarketCap recently released a crypto market Analysis , providing a deeper understanding of the crypto sector. As per the data, though Q2 resembled Q1 in terms of market cap, Q2 had been comparatively inactive, failing to create any groundbreaking developments like BTC price doubling, effective NFT market, the launch of Layer 2 networks, etc. Though the second quarter could be hailed as a “memecoin season”, the impact created was comparatively less. The data aggregator also ...

Bitcoin mining is becoming more sustainable thanks to things like hydro-cooling farms and associated petroleum gas — undermining environmental criticism. Bitcoin (BTC) mining’s environmental impact has always been a controversial topic. On the one hand, critics emphasize that securing the Bitcoin network takes more power than some whole countries’ annual electricity consumption. On the other hand, much of the crypto community argues that it is a necessary activity that has enabled the Bitcoin blockchain to remain extremely resilient against external attacks with an almost 99.99% uptime throughout over 14 years of its history. However, recent developments in the market have provided an opportunity for participants to make Bitcoin mining finally sustainable. Bitcoin mining doesn’t deserve its bad reputation Before going over the benefits themselves, it’s essential to first get some facts straight about Bitcoin mining . With comparisons to nations’ energy consumption and estimates that a...

The BRICS alliance is all set to decide on the formation of a new currency in August next month. The currency is touted to dethrone the U.S. dollar by sending it on a path of global decline. BRICS is advancing to eliminate the dollar’s supremacy by making the new currency acceptable to other countries for cross-border transactions. However, Russia’s Central Bank Governor Elvira Nabiullina has given a reality check on the formation of the soon-to-be-released BRICS currency. Also Read: BRICS: 130 Countries Move Towards CBDC Currency, US Dollar in Jeopardy Nabiullina made a huge announcement that undercut Russian President Vladimir Putin’s goals of sidelining the U.S. dollar globally. The Central Bank Governor poured cold water on Russia and China’s quest to capture the international markets even before launching the currency. Russia’s Central Bank Governor Says BRICS Currency Needs More Work Source: imf.org The Governor of Russia ’s Central B...

Crypto inheritance planning can be a confusing yet essential task due to digital assets’ complex and non-tangible nature. There are various obstacles, such as privacy, security, regulatory issues, and digital decay. As crypto-assets become an integral part of our lives, let’s explore how to ensure your digital wealth outlives you. Inheritance is as much a part of human civilization as the common cold – it’s ubiquitous, often unpleasant, and can sometimes lead to ugly family squabbles that would put a Spanish soap opera to shame. The strange cousin in this family gathering of human experiences is crypto-inheritance. For starters, the biggest peculiarity of crypto-inheritance is its intangible nature. There’s no physical key to pass on, no lockbox hidden beneath the floorboards of an old, rickety mansion. Instead, we are dealing with cryptographic keys stored on hard drives or written down on pieces of paper stashed away in secret locations. Crypto assets...

“They referred to me as a hero after I published the XRP crowd adored. Gasparino remarked in a tweet, “When I reported a few things they hate, I’m public enemy No. 1,” highlighting the explosive reaction he receives from the XRP community. Gasparino recently offered his thoughts in his tweets on the repercussions the cryptocurrency industry would experience if the SEC won the case.  advertisement Ripple’s Strategy In Question Ripple could face a fine of $1 billion in this case. Gasparino recently questioned Ripple ’s handling of this big payment in tweets. He mentioned that the business might have to either use some of its $1 billion in cash on hand or reduce its XRP holdings. When the Fox Business host unintentionally promoted an XRP -related scam, his tense relationship with XRP backers recently got worse. Gasparino quote-tweeted a post purporting to be from Ripple to draw attention to the company’s purported...

One internal roadblock that blockchain as an industry can’t seem to consolidate is an inability to simplify fiat and cross-network transfers. While the advent of smart contracts did PR ovide a solution for Ethereum-based blockchains, they come along with serious blind spots and limitations. For one, its security gaps accounted for more than $3.1 billion in stolen funds from hacks in 2022. Additionally, the lack of network support for Bitcoin immediately diminishes the scope of what smart contracts can realistically achieve. In order for crypto to function as a viable currency option, there must be an alternative to streamline how everyday users interact with it for common financial tasks. Kima makes common financial services, such as money transfers, transactions, and escrow services between blockchains and bank accounts as seamless as possible by using funds from anywhere. It does this by using key building blocks to bolster settlement security directly in its protocol, ...

1. Multichain Incident Report link On July 14th, Multichain released an incident report via their official Twitter account. According to the report, on May 21, 2023, Multichain CEO Jun Zhao was taken away by Chinese authorities from his home and has since been unreachable by the global Multichain team. On July 7th, it was discovered through login information from an IP address in Kunming on a cloud server platform, along with a series of fund transfers from MPC addresses. On July 9th, Jun Zhao’s sister transferred the remaining user assets from the router pool and subsequently informed the team and several project parties about the asset preservation action. The funds were transferred to an EOA address controlled by Jun Zhao’s sister. On July 13th, Jun Zhao’s sister was also taken away by the authorities, and she is currently unreachable. The status of the assets she had preserved remains uncertain, leading the team to believe it necessary to inform the community of all known details....

Renowned luxury brand Gucci and 256-year-old auction house Christie’s are teaming up to release an NFT (non-fungible token) collection. The collection is titled “Future Frequencies: Explorations in Generative Art and Fashion.” The collection will contain 21 pieces by artificial intelligence (AI) artist Claire Silver, generative artist Emily Xie, decentralized autonomous artist Botto and more. Moreover, the NFT collection draws inspiration from Gucci textiles, color palettes, and the Bamboo 1947 collection. Furthermore, the collection aimed to expand creativity by merging art, fashion, and technology. To achieve its goal, the collection uses generative systems, such as algorithms and AI. According to Sebastian Sanchez, Manager of Digital Art Sales at Christie’s, the collaboration will inspire both artists and the fashion industry to take part in Web3 initiatives. He stated that “My goal with this auction is to show the intersection – it’s a ...