NFT News by Thebittimes.Com

The entire crypto -verse was surprised after the Securities and Exchange Commission [SEC] slapped Ripple with a lawsuit for allegedly selling “unregistered sec urities.” Time and again, the firm asserted that XRP wasn’t a sec urity. Almost two years and multiple turns later, the case was expected to reach a conclusion in the first half of 2023. Now, a prominent exchange had come in support of the firm. In a series of tweets, Coinbase’s chief legal officer, Paul Grewal revealed that the platform extended a plea to Judge Torres to file for its amicus curiae brief. JUST IN: #Coinbase files request to support # Ripple in its lawsuit against the SEC. — Watcher.Guru (@WatcherGuru) October 31, 2022 Detailing the reason behind Coinbase’s intention to file an amicus brief, Grewal tweeted, “Our point is pretty simple: this is a textbook case of just how critical fair notice is any reasonable notice of due process under law.” ...

Whitelisted Individuals for the Sale Will Be Able to Purchase VERSE Tokens Using BTC, BCH, ETH and USDT/USDC. November 1, 2022 – Bitcoin.com , a digital ecosystem and secure self -custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that the public sale of the VERSE utility token is now live. VERSE will reward participants for buying, selling, storing, using, and learning about cryptocurrency, while supporting those who are seeking accessible onboarding into Bitcoin and DeFi. VERSE will fuel the growth and expansion of Bitcoin.com ’s ecosystem, which includes over 35 million self-custody wallets created in its multi-chain DeFi-ready mobile app, and an award-winning news portal with over 2.5 million monthly readers. VERSE will provide access to exclusive platform services and act as the cornerstone for new initiatives, ultimately expanding access to decentralized technologies and finance. By interactin...

The Dogecoin price prediction shows that DOGE is likely to break above the upper boundary of the channel. Dogecoin Prediction Statistics Data: Dogecoin price now – $0.125 Dogecoin market cap – $16.73 billion Dogecoin circulating supply – 132.6 million Dogecoin total supply – 132.6 million Dogecoin Coinmarketcap ranking – #8 DOGE/USD Market Key Levels: Resistance levels: $0.150, $0.160, $0.170 Support levels: $0.100, $0.090, $0.080 DOGE/USD is seen refreshing to a new high as the coin spikes to the upside to trade close to the resistance level of $0.150. The Dogecoin price is currently hovering at $0.125 with a bullish movement toward the upper boundary of the channel. Meanwhile, if the coin slides and faces the 9-day and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on the price dips. Dogecoin Price Prediction: Dogecoin Price Ready to Gain More The Dogecoin price can only maint...

Sam Bankman-Fried. Source: a video screenshot, HBO / YouTube Sam Bankman-Fried, the outspoken CEO and founder of major crypto exchange FTX, has offered what he calls his "final thoughts" on the optimal lobbying strategy for the crypto and blockchain industry that could pave the way for more industry-friendly regulation in the U.S.  At the same time, he warned the industry over the potential negative outcome of engaging in "relatively strident/adversarial strategies” The October 29 statement comes shortly after the entrepreneur expressed what could be considered as his support for some of the provisions of the controversial Digital Commodities Consumer Protection Act (DCCPA), a legislative proposal under discussion by the U.S. Congress.  "I really do think that regulation is going to get better, clearer, and create pathways for crypto to come back onshore,” he tweeted on 23 October.  Meanwhile, some industry observers have accused the bill...

The price of meme coins, including Shiba Inu and Dogecoin, has been soaring over the last seven days. Analysts even claim that the bearish stance toward DOGE has ended. DOGE has spiked over 107% in the last seven days. SHIB was also putting on a decent show, with 26% gains during the same period. Alongside the price, the SHIB burn numbers have also been on the higher side. Over the last 24 hours, the SHIB burn rate has reached 1720%, according to the data was put out by CryptEye. The burn numbers are doing fairly well as compared to the first two weeks of October. However, at the time of writing, the burn numbers have fallen to three digits. Shiba Inu burn rate falls as the rally cools down As of now, Shiba Inu burn numbers have cooled down, as the rally seems to have settled. As per the data from Shibburn, the burn rate currently stands at 123.54%. 32,584,180 SHIB have been burned during this period. It should be noted that 32,584,180 SHIB has been sent to a dea...

Binance is one of the largest cryptocurrency exchanges in the world. It has also proved to be one of the most robust businesses to seamlessly ride the “crypto winter”. The firm has also been expanding and investing heavily in other businesses. CZ Binance also invested $500 million in Elon Musk’s Twitter acquisition. Speaking on CNBC’s Squawk Box, CZ conveyed his willingness to help Twitter enter Web3 when they are ready to do so. CZ also spoke about the Twitter deal and why he decided to invest in it. JUST IN: #Binance ceo says he wants to help Elon Musk bring Twitter into Web3. — Watcher.Guru (@WatcherGuru) October 31, 2022 CZ highlighted that Twitter is a “free speech platform” Speaking on several reasons for aiding in concluding the deal, CZ highlights that Twitter is a free-speech platform. He also added that he wants to support strong entrepreneurs and believes that Elon Musk is one of them. Binance’s CEO also m...

1. Canaan today launched its new generation of high-performance bitcoin mining machine, the Avalon Made A13 (“A13”) series. Model A1346 features a hash rate of 110 TH/s and a power efficiency of 30J/TH. Model A1366 is equipped with a hash rate of 130TH/s and a power efficiency of 25J/TH. Read more 2. Since Maple and credit agent Icebreaker launched the miner finance pool a month back, a pipeline of about 6 to 10 mining companies is in place to form the first cohort of borrowers, with another 25 on the waiting list, according to Maple Finance CEO Sidney Powell. Interest rates offered by Maple are going to be around 18%-20% and the loans are being offered on a “full recourse” basis. Powell said Maple has received the first $10 million-$12 million of commitments so far and he expects the pool to reach its $300 million cap by around the middle of next year. In addition to Maple, Binance Pool and Jihan Wu’s Bitdeer have also launched $500 million and $250 million mining funds, respectively...

Decentralized derivatives are a new way for traders to trade crypto assets without directly holding them.  Read on to learn what decentralized crypto derivatives are and where you can trade them.  What Are Decentralized Crypto Derivatives?  In the world of traditional finance, a derivative is an investment contract that derives its value from an underlying asset , enabling investors to hold or trade assets without having to own them directly.  Derivatives allow investors to hedge positions, speculate on market movements, transfer risk to other parties, and take leveraged positions.  Decentralized derivatives, or DeFi derivatives, are blockchain-native derivatives contracts that use smart contracts to automate the terms of contracts, thereby removing the need for brokers. Settlement happens automatically on-chain when the contract terms have been fulfilled.  Decentralized derivatives value often track crypto markets , though, in some cas...

This year has typically been characterized by crypto companies halting customer withdrawals. When the community was dealing with the downfall of crypto lenders like Three Arrows Capital and others, Hodlnaut—a Singapore based start-up— suspended withdrawals and deposits in August citing market conditions. After that, the company filed for creditor protection and a few days later, a Singapore court green-flagged the same. Read More: Crypto: Hodlnaut receives interim creditor protection in Singapore Now, per the latest revelation, the crypto lender lost roughly $190 million in the Terra ecosystem collapse that unfurled earlier this year. JUST IN: #Crypto lender Hodlnaut lost $190 million in the Terra collapse, Bloomberg reports. — Watcher.Guru (@WatcherGuru) October 31, 2022 First report to court, Hodlnaut creditors submitted The Interim Judicial Managers revealed in their first report to the court and the company’s creditors, ...

A member of the defense team of the alleged BTC-e operator Alexander Vinnik has called on the head of the Russian Orthodox Church to intervene in support of his client. The Russian national may be sentenced to over 50 years in prison for his role in the infamous cryptocurrency exchange. Prisoner Swap for Americans in Russian Custody Is Vinnik’s Only Chance to Return Home, Lawyer Says Frederic Belot, the French lawyer who has been representing Russian crypto entrepreneur and alleged money launderer Alexander Vinnik in courts for years, has written to Patriarch Kirill of Moscow and All Russia with a request to help for his client’s return to the homeland. “The Vinnik case for the United States is not a legal, but a political trial,” the attorney said in the letter, quoted by the Russian Tass news agency. In the U.S., he may face imprisonment for more than 50 years, Belot warned and emphasized: Now the only thing that can save Alexander is his exchange, among other Russians, for Ameri...

ETH Could Fall – October 30 The crypto economy could fall soon between the trading values of $1,750 and $1,450, according to the strength of the ETH/USD market indicator. The price is currently trading at $1,605.85 with a minute average rate of 0.90%. ETH Could Fall: ETH Market Key Levels: Resistance levels: $1,750, $1,850, $1,950 Support levels: $1,450, $1,350, $1,250 ETH/USD – Daily Chart The appearance of a bearish candlestick below the trading barrier level of $1,750 on the ETH/USD daily chart indicates that the crypto market could fall soon. A 1-hour chart in the short term will provide an early outlook of getting sell orders at a high point around the value line. The 14-day SMA indicator is at $1,414.34, underneath the $1,497.55 value line of the 50-day SMA indicator. The horizontal drawn at the $1,250 support line shows the actual pivotal line the market has to keep against any downward force that can emanate in the subsequent trading sessions. The Stochastic Os...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Gala Games token is kicking off today and has ravenously pumped over 15% in the last 24-hours. Is the play-to-earn sector paving its way to recovery?  According to Coinmarketcap Gala Games is now trading at $0.042 with a market capital of $297 million. Will Gala Games pump and what alternative options could be stronger for the remainder of 2022?  Gala Games Crypto Price Prediction The vibrant and immersive Gala Games ecosystem is thriving today as the bulls manage to bring the price back up over $0.042.  It comes with no surprise that upon reaching a critical resistance of $0.0492 earlier today there has already been a retracement of roughly 13.1%. GALA/USDT - Daily Time Frame. As we can see the price of Gala Games soared all the way up to $0.049 and the daily candle now has a long wick attached to the bod...

In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, the United States Internal Revenue Service updates tax filing instructions for crypto, and more. Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency, the cedi, continued its slide versus the dollar after the exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this makes it the world’s worst-performing currency. Read More Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is ...

A new study by Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, shows that 58% of institutional investors surveyed invested in digital assets in the first half of this year and 74% plan to invest in the future. Fidelity’s Institutional Investor Digital Assets Study Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, released its fourth annual “Institutional Investor Digital Assets Study” Thursday. The study features a blind survey conducted between Jan. 2 and June 24. A total of 1,052 institutional investors in the U.S. (410), Europe (359), and Asia (283) participated. According to the study: Nearly six in 10 (58%) institutional investors surveyed invested in digital assets in the first half of 2022, while 74% plan to invest in the future. In addition, 88% of institutional investors surveyed “find characteristics of digital assets appealing” and 51% “have a positive perception of digi...

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that stock, bond, and real estate markets will crash as the Federal Reserve continues to raise interest rates. Noting that the Fed will pivot, he advises investors to buy bitcoin. Robert Kiyosaki Recommends Buying Bitcoin Before Fed Pivot The author of Rich Dad Poor Dad, Robert Kiyosaki, has advised investors to buy bitcoin before the Fed pivots, reiterating that the Federal Reserve’s interest rate hikes will destroy the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted early Saturday morning that the prices of gold and silver are plunging as the Federal Reserve continues to raise interest rates. He warned that rate hikes will kill the U.S. economy, caut...