Ethereum News Official TheBitTimes.com

The Shiba Inu [SHIB] community hosts a diverse range of whales, encompassing both significant and minor investors who make varying levels of substantial purchases. While it is not unusual for whales to engage in substantial buying, there has been a surprising development in the market. A massive whale has accumulated an impressive fortune of $33.6 million. The whale has set up a wallet that remains undisclosed and was only created a few days ago, currently possessing a notable 4.596 trillion SHIB tokens. Source Currently, this wallet holds the rank of the 25th largest holder of Shiba Inu tokens. This recently emerged whale is gaining attention for multiple reasons, with the most significant being its exclusive focus on SHIB tokens. Furthermore, it seems to have no connections to any crypto addresses, and the only confirmed transaction it has engaged in is with another undisclosed wallet. This further facilitated the transfer of trillions of SHIB tokens. Additionally, reports revea...

Shiba Inu [SHIB] unquestionably stands out as one of the most adored cryptocurrency assets. This relatively recent meme coin created quite a buzz in the market and managed to climb the crypto ladder. Nevertheless, its growth was stunted by the prevailing market conditions. The introduction of Shibarium didn’t have the desired impact on the coin’s performance. Over the past month, the asset experienced a 10.3% decline. Despite the challenging month of September, the SHIB community is optimistic about the potential for an eventful October. At press time, Shiba Inu was being traded at $0.00000732, showing a slight 0.8% decrease in its daily value. It’s worth mentioning that earlier today, the asset experienced a rise from its low point of $0.00000728 to reach as high as $0.00000741. Additionally, it’s important to note that this meme coin currently stands at a price level that is 91% below its all-time high of $0.00008616. Also Read: Shiba Inu: AI Predicts SHI...

Glassnode Alerts revealed in an X post today that the number of addresses holding 1+ ETH has dropped to a 3-month low. The previous 3-month low of 1,743,795 addresses was recorded on 23 September 2023. Technical indicators on ETH’s daily chart suggested that the altcoin’s price may drop in the coming few days. The number of investors holding 1+ Ethereum (ETH) has dropped to a 3-month low. According to an X post shared by the on-chain analytics platform, Glassnode Alerts, the number of addresses holding 1+ ETH has dropped to 1,743,744. The X post also shared that the previous 3-month low was reached on 23 September 2023, and stood at 1,743,795 addresses. #Ethereum $ETH Number of Addresses Holding 1+ Coins just reached a 3-month low of 1,743,744 Previous 3-month low of 1,743,795 was observed on 23 September 2023 View metric:https://t.co/IuKpD48IXd pic.twitter.com/JjYRNd80nd — glassnode alerts (@glassnodealerts) September 24, 2023 Despite this drop i...

Glassnode Alerts revealed that the Mean Liquidated Volume for Long Positions in BTC Futures Contracts on Okex has surged. Meanwhile, the on-chain analytics platform also shared that the number of addresses holding 100+ BTC has dropped. BTC’s price was trading between the 9-day and 20-day EMA lines at press time. The Mean Liquidated Volume for Long Positions in Bitcoin (BTC) Futures Contracts on Okex has surged to a 19-month peak of $730,576.07, according to an X post shared by the on-chain analytics platform Glassnode Alerts. This surpasses the previous 19-month high of $607,216.06 which was recorded on 8 September 2022. #Bitcoin $BTC Mean Liquidated Volume in Futures Contracts Long Positions just reached a 19-month high of $730,576.07 on #Okex Previous 19-month high of $607,216.06 was observed on 08 September 2022 View metric:https://t.co/tj77GIdcs8 pic.twitter.com/grYR4JKKxq — glassnode alerts (@glassnodealerts) September 10, 2023 Glassnode Aler...

Bitcoin and the major altcoins are down from their weekly highs, but the bulls are trying to form a higher bottom, indicating buying on dips. The Federal Reserve did not hike interest rates in its meeting on Sep. 20 but hinted that rates could remain higher for longer. At the post-meeting press conference, Fed Chair Jerome Powell cautioned that “the process of getting inflation sustainably down to 2% has a long way to go.” This possible scenario may have triggered the sell-off in the United States equities markets and also in the cryptocurrency space. Risk assets typically tend to underperform in a high-interest-rate environment. While the S&P 500 is down more than 2% and the Nasdaq about 3% this week, Bitcoin (BTC) has a remained flat. Daily cryptocurrency market performance. Source: Coin360 The altcoins have been unable to hold on to their intra-week gains due to a risk-off sentiment. Still, an encouraging sign is that Bitcoin and the major altcoins have largely managed to stay ...

The UK’s Financial Conduct Authority (FCA) has issued a final warning to crypto firms, urging them that if they don’t comply with upcoming regulations, the consequences will be severe. The strongly worded letter, sent on Thursday, explains that unregistered crypto firms serving UK customers after October 8 must get all promotions approved. However, the FCA expressed serious concerns over the lack of communication by many of these crypto companies — particularly those operating overseas. Despite “constructive and productive” discussions with “some firms,” many more have “refused to engage with the FCA” despite its best efforts. The FCA said that, as an example, only 24 firms out of 150 responded to a survey. FCA is absolutely done being ghosted Penalties for continuing to evade the UK ’s financial regulator will be… unpleasant moving forward. “We will take robust action where we identify that firms are commun...

Uniswap’s launch of Uniswap University, in partnership with the Do DAO underscores its commitment to user education and engagement. This initiative offers a structured learning pathway and practical experience opportunities, empowering users to navigate the intricacies of the V3 exchange. With a legacy of innovation and growth, Uniswap continues to be a pivotal player in the world of decentralized exchanges. Uniswap, the decentralized exchange (DEX) powerhouse, has rolled out an education al initiative called Uniswap University in collaboration with the Do Decentralized Autonomous Organization (DAO), a blockchain education -focused entity. 📢 Announcement: Uniswap University is LIVE We're thrilled to unveil Uniswap University, a comprehensive education al platform tailored for everyone, from beginners to seasoned Uniswap v3 liquidity providers. 🎉 Kudos to @dodao_io for spearheading this project 🫡 Explainer &#12...

Gas prices on Ethereum’s mainnet temporarily skyrocketed on Sept. 21 following a series of “inefficient transaction s” carried out by an address labeled Binance 14 on block explorer Etherscan. The wallet made over 146,000 transactions within a 24-hour timeframe and overpaid for Ethereum transactions, spending as much as 300 gwei on regular transactions. The average gas fee at the time was around 10 gwei meaning that Binance spent $840,000 on gas fees in less than a day. The crypto exchange ended up paying 530 Ether (ETH), according to a Dune dashboard, on what Scopescan described as consolidation from “long-inactive deposit addresses” by the Binance 14 Ethereum wallet. Due to #Binance consolidating funds from long-inactive deposit addresses, the #Ethereum network is experiencing congestion, causing Gas fees to surge to 300 gwei. Address:https://t.co/sdDEs8Okxb pic.twitter.com/9rq9SVww07 — Scopescan (🪬 . 🪬) (@0xScopescan) September 21, 2023 Martin Köppelmann, co-founder o...

An electronics design manager who made his own Trezor One has assessed the difficulty of building a DIY crypto wallet from scratch. The open-source nature of many hardware cryptocurrency wallet s allows one to build a do-it-yourself (DIY) wallet like Trezor from scratch, but it requires certain skills. Florin Cocos, an electronics design manager from Romania, built his own DIY Trezor with the wallet’s open-source code in 2018, without having access to a “real” Trezor device. On his YouTube channel, Voltlog, Cocos demonstrated the process of creating the DIY Trezor Model One, using electronics components purchased from distributors like Farnell. The engineer specifically used a Farnell microcontroller and a printed circuit board (PCB) ordered from a production house in China, extracted from a Gerber file available on Trezor’s GitHub. “The parts can be purchased from any reputable distributor like Farnell, DigiKey, RS, Newark, TME. It really depends on your location, get them from yo...

Wormhole integrated with Circle’s Cross-Chain Transfer Protocol, allowing USDC to be sent between Ethereum, Avalanche, Arbitrum and Optimism. Wormhole has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), allowing USD Coin (USDC) to be transferred between Ethereum, Avalanche, Arbitrum and Optimism via Wormhole-based bridges, according to a Sept. 20 announcement. The new feature is available to end-users via the Portal bridge, and developers can integrate it into their own apps using Wormhole Connect. Portal USDC bridge. Source: Portal The Wormhole team claimed that the new integration will reduce liquidity issues and user confusion. “On these new and emerging chain s, multiple versions of these bridged USDC tokens can exist,” it stated, “which can lead to fragmented liquidity, poor pricing, and a confusing experience for users and developers alike.” CCTP will help fix this problem by “creating a native ly cross- chain USDC that can be burned and minted across connected chain...

With the majority of the cryptocurrency market making an upward move after a period of stagnation that culminated with a significant dip, XRP is no exception, and one cryptocurrency analyst has identified a few potential catalysts that could move the needle in either direction for the token. As it happens, pseudonymous crypto expert Cryptoinsightuk has pinpointed several upcoming events and influences that could act as catalysts for the price of the XRP token – positive or negative – depending on their outcome in an Analysis shared on September 19. Events to watch Specifically, the first of these two events is the decision of Judge Analisa Torres in the legal battle between blockchain company Ripple and the United States Securities and Exchange Commission (SEC) regarding the regulator’s motion to appeal, which the analyst said could happen anytime. The second is Ripple’s grand celebration party that is set to take place on September 29 in New York City, as announce...

Amid a backdrop of increasing regulatory scrutiny, Binance’s European payments provider, Paysafe, has started restricting euro withdrawals for some users ahead of its planned cessation of support on Sept. 25. This move that has left many European customers of Binance puzzled and frustrated, with some users finding themselves unable to access their accounts well before the specified end date. Ervin Ursic Kovac, a Binance customer, told CoinDesk that he had “sent some ether (ETH) to his account on Sept. 12 and sold it for euros, but was unable to withdraw the currency, and was instead greeted with a pop-up message that my account had been closed early with no prior warning.” @binance promised "no impact until Sep 25th". My fiat is locked today, without the possibility to withdraw OR buy back crypto. Without any prior warning.@BinanceHelpDesk @Paysafe pic.twitter.com/cALjAfYI7O — Ervin K. Ursic (@the_euk) September 12, 2023 A message from Pays...

The Bitcoin (BTC) community’s HODLing culture is taken seriously by some known entities that are firmly holding their own Bitcoin stash in these over 15 years of existence of the leading cryptocurrency. On September 19, Finbold collected data from multiple sources in order to provide an updated Analysis of the current state of known Bitcoin holders in the world. Most of the consolidated data used in this story was provided by Arkham Intelligence and the Buy Bitcoin Worldwide website. Satoshi Nakamoto holdings (estimations): 750,000 to 1.1 million BTC Binance holdings: 643,546 BTC Grayscale holdings: 627,779 BTC US Government holdings: 207,189 BTC Mt. Gox holdings: 200,000 BTC Bitfinex holdings: 196,252 BTC China Government holdings: 194,000 BTC MicroStrategy holdings: 152,800 BTC Block.one holdings: 140,000 BTC Robinhood holdings: 118,300 BTC Together, these top 10 Bitcoin holders have 3,479,866 (3.48 million) BTC. Accounting for 16.5% of the maximum supply of 21 ...

Sep 19, 2023 at 05:10 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the price of Shiba Inu (SHIB) has been steadily declining. Shiba Inu price long-term forecast: bearish On September 11, SHIB dropped to the low of $0.00000698 as bulls bought the dips. The upside correction was staved off at the high of $0.00000750. The cryptocurrency is making its final push lower. If the price breaks the current support, the decline will extend to the low of $0.00000635.  According to the price indication, the altcoin will decline...

With recent advancements in technology bringing web3 closer to becoming a reality, some governments may be unwilling to cede control to the people. Web3 is a catch-all term that refers to the next iteration of the internet: an open-source, decentralized, permissionless, and trustless system built on top of blockchain technology.  However, even as the reality of web3 draws closer, there seems to be an unwillingness among government authorities to embrace it. Some observers have hypothesized that this seeming hostility stems from government fears of losing control and oversight of the internet and the data carried within. You might also like: SEC accuses Binance US of hampering securities violation probe Why governments might be worried about web3 On a fundamental level, the internet provides a platform for unrestricted and immediate communication, which should benefit global connectivity. However, various nations have adopted a trend of surveillance and regulation, result...