NFT News by Thebittimes.Com

The price of BTC rose sharply and fell almost as fast over the past three days amid two recent events impacting pending applications for spot Bitcoin ETFs. In less than a day, Bitcoin (BTC) has shed nearly all the gains it made from Grayscale Investment's court victory against the United States Securities regulator. On Aug. 29 Bitcoin popped to a two-week high after a judge ruled that the Securities and Exchange Commission was “arbitrary and capricious” when it rejected Grayscale’s spot Bitcoin ETF application. However, the SEC’s recent delay to seven pending spot Bitcoin ETF applications has sent Bitcoin’s price downwards, falling nearly 5% in the last 24 hours. Cointelegraph Markets Pro data shows Bitcoin’s price is currently around $26,000, falling steeply from around the $27,300 level it had been sustaining since the Grayscale win. BTC's seven-day price chart shows its gains erased. Source: Cointelegraph Markets Pro BlackRock, WisdomTree, VanEck, Bitwise, Valkyrie and Fid

How to Sell Stuff for Bitcoin: A Comprehensive Guide As Bitcoin continues to gain popularity, more and more people are exploring the possibility of selling their goods and services for this digital currency. Whether you want to increase your Bitcoin holdings, reach a wider audience, or simply tap into the growing cryptocurrency market, selling stuff for Bitcoin can be a rewarding venture. In this comprehensive guide, we will walk you through the process step by step, providing valuable tips and insights along the way. Also read: PayPal UK to Halt Bitcoin and Crypto Purchases Bitcoin cryptocurrencies and graph statistic background Why Sell Stuff for Bitcoin? Before diving into the process of selling stuff for Bitcoin, let’s explore why it can be advantageous for individuals and businesses: No Banking Fees : Unlike traditional fiat currency transactions, Bitcoin transactions do not involve any banking fees. This means that you can save money on transaction costs and kee

Airline passengers can get rewards such as flight upgrades or airport lounge access after completing NFT collections. Lufthansa, one of the largest airline groups in Europe, has launch ed its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards like miles and business lounge vouchers.  On Aug. 31, Lufthansa announced the Uptrip mobile application, a project by Lufthansa Innovation Hub, the airline group’s digital innovation unit and Miles & More, the airlines’ frequent flyer program. Lufthansa's @Uptrip_app loyalty program is building #onPolygon to turn flights into rewards Collect NFT trading cards for every flight and claim rewards Learn more about the new Miles & More and @LHInnovationHub experience: https://t.co/MjQihK8xUx pic.twitter.com/JfUEoUJxNR — Polygon (Labs) (@0xPolygonLabs) August 31, 2023 According to the announcement, airline passengers can scan their b

As per on-chain data, the trading volumes have sustain ed, even a day after Tuesday’s pump. On-chain data provider Santiment explains that trading activity remains substantial following the recent price increases across the cryptocurrency market. advertisement Notably, there is a significant resurgence of trader attention on Bitcoin. If Bitcoin maintains its current range between $27,000 and $28,000, the situation should stabilize. However, if the price deviates beyond this range, increased volatility is probable. courtesy: Santiment Large holders in the cryptocurrency space, often referred to as whales and sharks, might have had insights about the Grayscale and SEC legal case’s result. On the day prior to the news, wallets holding 10,000 to 10,000 Bitcoin (BTC) collectively acquired around $388.3 million worth of BTC. Watch Out for Bitcoin Technical Indicators Over the last few weeks, Bitcoin has been showing weakness on the technical charts. The BTC p

Renz Chong explains why AI technologies like Midjourney have the potential to revolutionize the creative process in metaverse projects. “AI enables almost anyone to become a creator without formal training,” says the CEO. The tech entrepreneur adds that AI speeds up the content creation cycle. In a recent TechWire interview, Renz Chong, the CEO of NFT startup BreederDAO, explained why he believes AI technologies like Midjourney have the potential to revolutionize the creative process in metaverse projects. When asked about how AI was improving the creative process for those seeking to build interesting characters and worlds in the metaverse, Chong pointed out that AI was effectively changing the space in two ways. The first way, according to Chong, was how AI enables almost anyone to become a creator. Enthusiasts, even those without much training or technical know-how can now create characters, digital assets, in-game objects, avatars, and even games.

Also Read: Terra Luna Classic L1TF All Set For v2.2.0 Core Upgrade, LUNC Price Jumps 5% advertisement Robinhood Wallet Support for Bitcoin and Dogecoin The company had announced it was launching custody, send, and receive support for Bitcoin and Dogecoin to all users. The Wallet had also enabled in-app swaps on the Ethereum network. With this, users can now own, send, and receive crypto on Arbitrum, Bitcoin , Ethereum, Dogecoin, Optimism, and Polygon networks. Besides, they can swap crypto on Ethereum and Polygon, and connect to a wide range of decentralized applications (DApps). In a statement, the company said it was encouraged by the adoption and hence expanded support for new networks and tokens. Johann Kerbrat, the general manager of Robinhood Crypto, said, “We have been really encouraged by the adoption so far, and are excited to keep building for our customers around the world as we ship new Features and expand support for new networks and tokens.”

The S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective resistance levels. Bitcoin is down about 11% in August, just shy of the 13.88% fall seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September, either. History shows that every year since 2017, Bitcoin has declined in September.  Bloomberg Intelligence senior macro strategist Mike McGlone is even more bearish on Bitcoin. While speaking to Kitco News, McGlone warned that in case of a “global economic reset,” Bitcoin could nosedive to as low as $10,000. Daily cryptocurrency market performance. Source: Coin360 Although analysts have been giving both bullish and bearish targets, it is better to wait for the price to break out of the range before taking large bets. Typically, after a low-volatility period, the volatility picks up, but it is difficult to predict the direction of the bre

Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer. Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform. It is understood Tether has instructed clients to send money to Britannia’s bank account over the last few months, according to an Aug. 29 report by Bloomberg, citing people familiar with the matter. However, it isn’t clear when Tether’s banking relationship with Britannia Bank started, but its other reported banking partners include Deltec Bank and Capital Union Bank. In recent months, United States- based cryptocurrency firms have had to increasingly look offshore for banking partners amid increased scrutiny by U.S. regulators following the shock collapse of FTX in November. Tether’s unwillingness to publicly disclose the full extent of its balance sheet and banking relationsh

The U.S. SEC accused Impact Theory of issuing unregulated securities. The regulator said the nonfungible tokens issued by the company qualified as investments contracts. The company reached a $6 million settlement with the regulator. The U.S. Securities and Exchange Commission on Monday announced its first enforcement action against NFTs after it accused Impact Theory of offering investment contracts to hundreds of investors. The wall secret regulator claims the non-fungible tokens the company offered to the investors were investment contracts, and thus unregistered securities. According to the SEC, Impact Theory offered three tiers of NFTs, which it told investors to view as investments in its business. The SEC said the company should have registered the tokens with it before offering them to the investors. The LA-based media and entertainment company raised $30 million from investors who purchased the NFTs. The company said the NFTs were part of its pla

Oscar Franklin Tan, the chief legal officer of NFT platform Enjin, told Cointelegraph that it’s very problematic to imply that all NFTs are securities, as it could hold back creators. The United States Securities and Exchange Commission’s (SEC) first enforcement action on a nonfungible token (NFT) project triggered responses from community members, who pointed out how the decision could be “problematic” for many NFT projects that fit the description and might be next on the SEC’s hit list.  On Aug. 28, the SEC charged the entertainment company Impact Theory for allegedly conducting the sales of unregistered securities . According to the SEC, the NFTs called “Founder’s Keys” were sold as an “investment into the business.” The company allegedly raised around $30 million through the sales. The SEC believes that the NFTs sold were investment contracts and qualified as securities. The filing noted that the firm violated the Securities Act of 1933 for selling the NFTs without registration.

With the bears taking over the crypto market, NFTs and other crypto-related products took a backseat. This came as a shock to many considering the fervor around the NFT business. Several in the community, shunned discussions about how NFTs were the future following the plummet in its sales. Non-fungible tokens were a mere fad in the eyes of many. However, prominent platforms continued to see potential in the market. Apple’s latest move noted how the ardor around NFTs hadn’t subsided. Tech giant Apple was clearly one among them. Just last week, the firm announced that it would allow the purchase of NFTs through apps that were found on its marketplace. While this got the community elevated, the information that followed suit in the announcement came as a disappointment to many. Apple’s latest NFT initiative came with a 30 percent commission on NFTs sold through the apps listed on its marketplace. This exorbitant number garnered immense hate considering the standard NFT marketplace co

Rarify now become a data provider on the Chainlink Network, bringing real-time NFT price data to blockchains. By leveraging Linkpool, Chainlink’s leading ecosystem developer, we can now provide our Smart Floor Price data to smart contracts to unlock dApps and merge the DeFi and NFT economies across multiple blockchains. Smart contract developers can now leverage Rarify’s premium NFT floor price data to support a wide range of NFT-based projects that rely heavily on high-quality data for pricing NFT collections. This includes decentralized prediction markets, lending protocols, yield farming products, and more! Chainlink provide a host of Features that help unlock Rarify’s price data to make it ubiquitous across Web3, such as: Credential Management  — Chainlink nodes can securely manage API keys and account logins, leading to a seamless integration in which the nodes can purchase Upshot API subscriptions in the same manner that traditional users do today. Blockchain Agnostic  — Chain

The top five NFTs experienced a significant sales drop in the past 24 hours. That development further compounds the continued crash of the overall NFT market. The affected NFTs include BoredApeYachtClub, MineablePunks, Dreadfulz, MutantApeYachtClub, and DeGods. The top five NFTs by market capitalization experienced a significant sales drop in the past 24 hours, according to data from CoinMarketCap. The development further compounds the continued crash of the overall NFT market, which was highly energized in the last few years. The NFTs in question include BoredApeYachtClub, MineablePunks, Dreadfulz, MutantApeYachtClub, and DeGods. BoredApeYachtClub (BAYC) Besides being the top NFT by market cap, BAYC is one of the most popular NFT collections. It is a limited NFT collection where the token doubles as the holder’s membership to a swamp club for apes. BAYC sales dropped by 33.33% in the last 24 hours despite a 16.07% rise in average price. BAYC’s average pr

This week, Binance takes the spotlight amid allegations of market manipulation and sanction violations. Meanwhile, regulators ramp up enforcement actions against a backdrop of crypto-related crimes — the latest involving Pepe Coin. Binance’s SEPA concerns Binance emerged as a focal point of attention this week, owing to a sequence of circumstances.  The official Twitter support of the exchange alluded to a momentary cessation in EUR transfers, indicating the temporary suspension of SEPA transfers, without specifying a definite timeline for reinstatement. Despite the lack of explicit reasons, Binance’s efforts to keep users informed maintain an air of anticipation about whether external factors might be at play. Following reports of the concerns related to SEPA transfers, the company promptly addressed the situation through an official statement provided to crypto.news. According to a Binance representative, the SEPA deposit and withdrawal services will be available until Sep. 2