NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage The BTC price is back above $17k for the first time since mid-November. It happened in response to Fed Chair Powell setting grounds for a 50 BPS hike, stating that now might be the time to increase the interest rates at a moderate pace. These dovish comments leave buyers more time with their current buying power  — which has directly translated to a happy December entry for Bitcoin as more investors turned up. BTC Price Trajectory In November November was nothing but a bucket of bad news for the crypto market. As Sam Bankman-Fried’s fake facade of the most charitable billionaire came to light soon after the FTX collapse, Bitcoin became a seller’s market. After riding the highs of above-$20k due to the Fed’s earlier minutes of the meeting, and the CPI data, FTX’s betrayal proved to be the second bomb to implode crypto prices this year. The BTC price quickly went down to its 2-year low, lower than what it br

Buyers’ momentum is increasing Bitcoin (BTC USD) Price Analysis – 01 December The Bulls may push up the Bitcoin to penetrate the $17,538 level and target $20,489 provided the resistance level of $18,439 does not hold. In case the just mentioned level holds, the price may continue a ranging movement. BTC/USD Market Key Levels: Resistance levels: $17,538, $18,439, $20,489 Support levels: $15,724, $13,456, $11,450 BTC/USD Long-term Trend: Ranging Bitcoin price is ranging on the medium-term outlook. The Bitcoin price reached the resistance level of $21,481 on 05 November. A bearish engulfing candle pattern formed at the same level; this is a bearish reversal candle pattern that triggered the Bears’ momentum. The price dropped to the $15,724 support level. It pulled back shortly to retest $17,528 but was unable to break up the level. Since then, the price has been ranging movement within $17,538 and $15,724. The Bitcoin price is currently increasing toward the $17,538 price level

T amadoge buyers are setting the stage for another bullish run. This is because after the buyers found a new higher support level for the market at $0.19, the buying pressure becomes evenly matched with the selling pressure. This intensifying market struggle at this new level increases the probability of a bullish price breakout.  Tamadoge Market Price Statistic: TAMA/USD price now: $0.0193 TAMA / USD market cap: $32,889,481 TAMA/USD circulating supply:1.05Billion TAMA/USD total supply: 1,049,733,333 TAMA/USD coin market ranking: #2715 Key Levels Resistance: $0.0255, $0.0260, $0.0270 Support: $0.0180, $0.0170, $0.016 Tamadoge Market Price Analysis: The Indicators’ Point of View As the tug–of–war nears the climax, the market, according to the RSI indicator, climbs to the midrange with a momentum measurement of 49.3. And the bands of the Bollinger indicator continue to increase contraction. At the climax of this, the market should explode to the upside with the price reac

Join Our Telegram channel to stay up to date on breaking news coverage Elon Musk, the billionaire entrepreneur, has confirmed his intention to integrate payments into what he calls Twitter 2.0 — “The Everything App,” fueling a brief 19.4% price increase for meme-inspired cryptocurrency Dogecoin (DOGE). In a Nov 27, 2022 tweet to his 119.2 million followers, the new Twitter CEO revealed his plans, sharing several slides from a recent “Twitter company talk.” While Musk made no mention of DOGE in the tweet or the accompanying slides, some investors appeared to be hopeful that Dogecoin would be involved in some way. According to CoinGecko data, Dogecoin’s price jumped 19.4% from $0.089 to $0.107 in the hours following the tweet before settling at $0.1 at the time of writing. Dogecoin Surges – An Analysis Dogecoin is an open-source, peer-to-peer digital currency created in 2013. It was initially conceived as a joke but has since grown to become one of the most recognized cryptocu

Join Our Telegram channel to stay up to date on breaking news coverage The bull market of Kyber Network finally breaks the long-term downward-moving market. The tide begin to turn around on November 8 and 9 when a very significant bearish price move brought the price down to $0.5 from $0.8. This strong bearish move immediately trigger the bull market at the demand zone of $0.5, and the buyers also significantly pushed the price upward in the following trading session. However, they hit a brick wall at the$0.6 price level. For several days, the bulls continue to try to break through the resistance level. It was not until today that the bullish price breaks the resistance level. Kyber Network Classic Market Price Statistic: KNC/USD price now: $0.7 KNC/USD market cap: $120,438,631 KNC/USD circulating supply:164,893,760.00 KNC/USD total supply: 223,368,900 KNC/USD coin market ranking: #164 Key Levels Resistance: $0.75, $0.8, $0.85 Support: $0.6, $0.55, $0.50 Kyber Net

BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable? Bitcoin (BTC) has shrugged off the weakness in the United States equities markets and is attempting to start a recovery on Nov. 30. Buyers are attempting to achieve a monthly close above $17,000. This suggests that the selling that had picked up due to the FTX crisis may be reducing. Usually, smaller investors panic and dump their holdings in a bear market but it has been the opposite with Bitcoin investors. According to Glassnode data released on Nov. 27, investors holding less than one Bitcoin, also called shrimps, bought 96,200 Bitcoin since the FTX crash. Along similar lines, investors holding between 1 to 10 Bitcoin, classified as crabs, bought 191,600 Bitcoin over the past 30 days. This shows investors are continuing to accumulate at lower levels. Daily cryptocurrency market performance. Source: Coin

Bo Shen, co-founder of venture capital firm Fenbushi Capital, shared via Twitter on Wednesday that his wallet had suffered an attack. A malicious actor carted off assets worth $42 million from the Chinese investor’s personal holdings on November 10. Hacker Gains Access Via Compromised Seed Phrase Per the tweet, the stolen funds included 38M USDC. Shen made sure to clarify in his post that the hack was isolated to his own accounts and Fenbushi wallets remained unaffected.  A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST. The stolen assets are personal funds and do not affect on Fenbushi related entities. — Bo Shen (@boshen1011) November 23, 2022   Blockchain security firm SlowMist verified news of the attack and shared a report detailing how it occurred. SlowMist explained that they began their investigation with an on-chain Analysis of the stolen assets and the exploit

Numerous cryptocurrency businesses have been parading their operations in Europe. While many people believe that Europe may become the next hotspot for cryptocurrencies, another exchange joined the euro bandwagon. Gemini, the Winklevoss twins’ exchange, recently succeeded in getting approval from regulators in Italy. Gemini had recently acquired a virtual asset service provider registration in Ireland. Now, as per the recent announcement, the exchange has now registered as a virtual currency operator in Italy and Greece . Gemini registered as a virtual currency operator in Italy and Greece “We are thrilled to announce that Gemini has registered as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM), and as a custodial wallet provider and provider of exchange services between virtual and fiat currencies with Greece ’s Hellenic Capital Markets Commission (HCMC).” As per the details, the exchange can now offer sec

Researchers were able to decrypt all of Secret's internal transactions using an exploit. On Nov. 30, Guy Zyskind, CEO of privacy smart contract blockchain Secret Network, said that developers had patched a privacy-related vulnerability and users' funds remain secure. In a document dated Nov. 29, Secret Network wrote that users or developers required no action and that all active nodes were upgraded to correct the exploit on Nov. 2.  2/ You can read the post for the main details, but the important part is that the vulnerability was mitigated and unlikely to have been exploited. Most importantly, funds were never at risk, because Secret intentionally does not rely on SGX for correctness – only privacy. — Guy Zyskind (@GuyZys) November 29, 2022 The sequence of events, unveiled late yesterday by the Secret Network developers, began when a group of white-hat computer science researchers contacted the Secret team on Oct. 3 regarding a recently disclosed xAPIC (Advanced Programmab

Input Output and the Cardano Foundation have both confirmed that Cardano’s Vasil upgrade will take place on September 22nd.  Input Output revealed the upgrade date in a tweet on Friday, after completing “extensive testing” and verifying “community readiness”. We along with the Cardano Foundation can today announce 22nd September for the Vasil upgrade on the Cardano mainnet,” said the company. Cardano founder Charles Hoskinson said last week that Vasil would launch in September, but didn’t reveal a specific date until today.  Vasil will be the largest Cardano upgrade to date. It is expected to lower transaction costs while empowering developers to create more efficient blockchain applications.  Thus far, the Cardano network looks ready for the update. 75% of blocks are being created by the final Vasil node candidate (1.35.3), and 25 exchanges are already on board. According to Input Output, most leading exchanges have already begun to update. Vasil was originally schedule

On Nov. 29, 2022, the crypto supporter and reporter, Tiffany Fong, published an interview with the former FTX CEO Sam Bankman-Fried (SBF) that was recorded 13 days before the interview was released. During the interview, SBF discussed who he thinks may have hacked FTX and he further denied he had a backdoor installed to funnel funds between FTX and Alameda Research. “I don’t even know how to code,” SBF stressed to Fong during the conversation. Additionally, the New York Times claims to have obtained a slew of emails and text messages between FTX’s legal counsel, other top executives, and SBF while the exchange was in the midst of collapse. SBF Claims Backdoor Accusations Are ‘Definitely Not True,’ Probably a ‘Poorly Labeled Accounting Thing’ Roughly two weeks ago, the co-founder and former CEO of FTX, Sam Bankman-Fried (SBF), decided to do a phone interview with Tiffany Fong. The telephone interview (here and here) was revealed by Fong a few days before she published it, and on Tuesd

Steering away from the FTX contagion, Bitcoin [BTC] was making its way onto $17K. After residing in the bearish arena for quite some time, BTC managed to figure its way out. The asset even hit a low of $15,599.05 stirring panic among investors. However, bringing back some hope into the market the king coin revised it’s two-week high earlier today. Source As seen in the above chart, the sudden spike took Bitcoin from a low of $16,366.66, all the way to a high of $17,021.67. At press time, however, the asset encountered a slight correction which pushed BTC to $16,899. The asset’s daily price gain was at 2.54 percent. Out of all its investors, Bitcoin miner s were expected to be the ones at relief. The BTC mining industry took a major hit as the king coin continued to plummet. Amidst this, the latest surge was expected to be beneficial to these miner s. Despite this surge, the hash rate of the Bitcoin network continued to plummet. It was further brought to light that the hash r