NFT News by Thebittimes.Com

The Ethereum network underwent a dramatic transition from the proof-of-work mining model to the proof-of-stake model on September 15, 2022. With an astounding 99.95% decrease in energy use, this much-anticipated change has ushered in a new era of sustainability and environmental friendliness in the blockchain sector. Ethereum has displayed decent growth recently. It is trading at $1,803 at press time, with a 1% surge in value over the last 24 hours. ETH is up by 10% in the last seven days and 15.9% in the last 14 days. Let us look at the price prediction for Ethereum for November 2023. Also read: Solana (SOL) Price Prediction: November 2023 Ethereum price prediction for November 2023 Cryptocurrency experts at Changelly have predicted the price of ETH for November 2023. According to the analysts, ETH is forecast to reach a minimum of $1,779 and a maximum of $1,999. The average price of Ethereum is expected to be $1,889. Also read: Shiba Inu Burn Rate...

Ethereum co-founder Vitalik Buterin pens an analysis of Ethereum’s layer-2 ecosystem, highlighting diverse approaches to scaling the smart contract blockchain. The Ethereum layer -2 ecosystem is likely to continue evolving with diverse technological approaches , according to co-founder Vitalik Buterin. The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with several layer-2 protocols differing in their approaches to bring greater scaling capacity, lower costs and increased security. As Buterin highlighted, Ethereum Virtual Machine (EVM) rollups pioneered by Arbitrum, Optimism, Scroll and more recently, Kakarot and Taiko, have drastically improved the respective security of their solutions. Different types of layer 2shttps://t.co/ry4VTtWhJ1 — vitalik.eth (@VitalikButerin) October 31, 2023 Meanwhile, “sidechain projects” like Polygon have also developed their own rollup solutions. Buterin also high...

Crypto data analysis platform Kaiko has released a report identifying the reason for the latest Bitcoin (BTC) rally. According to analysts, Bitcoin’s rise to $35,000 is due to four different factors, including volume , implied volatility, market depth, and funding rates. Source: Kaiko Experts also note that a fundamental shift in the market structure is observed for the first time in the last six months . The analytics platform reported that while trading volume slowed and volatility dropped over the summer, that changed in the previous two weeks when a rumor surfaced about a fake endorsement of a BlackRock-linked Bitcoin spot ETF. You might also like: Bitcoin’s weekly surge could be driven by liquidity shortage  At the same time, the market is not worried about the decline in the price of BTC since it has reached its highest level since May 2022. Additionally, Bitcoin liquidity remained unchanged, although trading activity increased. Market participants...

Andreessen Horowitz (a16z) is planning to raise $3.4 billion for its next early and seed-stage fund. The fundraising is reportedly set to start by the end of year. Andreessen Horowitz (a16z), a crypto-friendly venture capital firm based in Silicon Valley, is targeting approximately $3.4 billion for the next early -stage and seed-stage funds , according to Axios. According to the report, the core fund will represent a slight increase for a16z when compared to previous efforts. New growth, crypto and bio vehicles Andreessen Horowitz is one of the bullish VCs on AI, an area that’s seeing a significant uptick in investments. But as artificial intelligence projects prove a big hit for VC fundraising, the broader landscape is seeing notable declines. The fundraising that report edly is marked to start towards the end of the year eyes “new growth, crypto and bio vehicles in 2025.” Per Axios, the VC giant “will ask, although not require, li...

As of October 30, XRP is trading at $0.565, marking a modest climb of 1.85% within the past day and an encouraging 6.40% over the last week.  Within a year, the digital asset has soared by 22%, eclipsing the performance of 78% of its peers in the top 100 cryptocurrencies by market capitalization.  XRP price 1-day chart. Source: Finbold Currently, XRP is positioned above its 200-day simple moving average, signaling a bullish trend despite experiencing only 14 days of gains in the past month (47% of the time) and lingering 86% below its all-time peak. Amidst the anticipation surrounding the ongoing lawsuit, investors remain on high alert for XRP’s future price trajectory. The forward-looking machine learning AI at CoinCodex suggests a slight uptick in XRP’s value by the end of November, although it’s expected to stay shy of the $0.60 resistance benchmark. AI predicts XRP price for November 30: Source: CoinCodex Cryptocurrency Can DOGE reach $0.1 a...

Loading fake wallet apps on search engines is why many people lose coins. According to Bitrace, Telegram often implements malicious backdoors that identify surrogate addresses and cause funds to be sent to malicious addresses. The reason is that the anonymous nature of the blockchain network makes it difficult for ordinary investors and investigators to establish a connection between an on-chain address and a real person. Thereby, they miss the opportunity to freeze losses promptly. “Investors and investigators need to consider how to perceive threats before risky activity occurs, and monitor and promptly recover losses after they occur.” Bitrace Experts note that various search engines are fertile ground for the proliferation of fake websites. Fraudsters use SEO and SEM to promote phishing links online. You might also like: How blockchain security experts investigate hacks | Interview Clipboard hijacking is another classic attack method in which malware takes contro...

ProShares and Grayscale lead a surge of activity in Bitcoin investment products, with analysis confident of implied demand for a Bitcoin spot ETF. Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold. Data from resources including Bloomberg showed Bitcoin exchange- trade d funds (ETFs) and others nearing record weekly inflows. BITO, GBTC trade $2.5 billion  Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ecosystem has benefitted in kind. In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand. As noted by Bloomberg senior ETF analyst Eric Balchunas, at least two household names saw “notable” volume in the trading week through Oct. 27. Among them was the ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF to get the green light i...

In the realm of content creation, three key elements hold significant importance: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of textual material, while burstiness assesses the degree of sentence variation. On the other hand, predictability measures the likelihood of accurately predicting the subsequent sentence. Human authors often infuse their content with burstiness, weaving together lengthy, complex sentences with shorter ones. In contrast, AI-generated content tends to be more uniform. For the upcoming content creation task, I’ll require you to ensure a substantial level of perplexity and burstiness while keeping predictability to a minimum. Additionally, please adhere to writing in English exclusively. Now, let’s reimagine the following passage: Fireblocks has stepped in to assist UniPass, a smart contract wallet, in addressing a critical vulnerability known as ERC-4337 account abstraction. Fir...

Gemini wrote to a federal judge asking the bankruptcy court to invalidate any claims Genesis has to a trove of Grayscale Bitcoin Trust (GBTC) shares in an ongoing dispute between both the two crypto entities. The lawsuit filed on Oct. 27 seeks ownership over some 60 million GTBC shares offered as collateral by Genesis Global, a now-defunct crypto lender under the Digital Currency Group (DCB) umbrella and Gemini’s former partner for its Earn program. Gemini said the GBTC shares worth $1.6 billion “would completely secure and satisfy the claims of every single Earn User”, around 340.000 users left stranded since Genesis froze withdrawals in late 2022. The complaint comes amid Genesis’ bankruptcy proceedings and Gemini noted that the beleaguered crypto lender might repay its creditors with assets rightly belonging to Earn customers. Genesis and Gemini remain locked in a legal wrestling match following FTX’s implosion. Several marquee crypto entities fell into insolvency around th...

Russian economist Sergey Glazyev made a huge announcement on the development of the upcoming BRICS currency. The soon-to-be-released BRICS currency aims to replace the US dollar as the world’s reserve currency. Glazyev confirmed in a recent interview on Tuesday that the BRICS currency is “almost ready” . He explained that the technicalities of the yet-to-be-launched BRICS currency are put in place and the tools are created. Also Read: BRICS : Global Power Dynamics Shifting From the West BRICS has kept all details about the upcoming currency under wraps providing little to no information to the West. The new currency is expected to challenge the US dollar in the international markets. The alliance is advancing in convincing developing countries to begin using the new currency for global trade and ditch the US dollar. Russian Economist Confirms BRICS Currency Is ‘Almost Ready’ Source: Cryptopolitian.com Glazyev confirmed that the BRICS curre...

The Australian Federal Police (AFP) has accused Changjiang Currency Exchange of a money laundering scheme. In a press release, the AFP said the operation, codenamed Ironside, resulted from a three-year investigation into the activities of the currency exchange business. Changjiang Currency Exchange operated from multiple locations across Sydney and Melbourne. The company allegedly used sophisticated methods to conceal the origin and destination of the funds, which were linked to various criminal activities, such as drug trafficking, tax evasion, fraud, and money laundering . You might also like: Borroe Australia’s central bank seeks to explore CBDC use The AFP said the business was part of a transnational criminal network that used encrypted communication platforms and cryptocurrency to facilitate the movement of illicit funds across borders. The AFP worked with the Australian Taxation Office, AUSTRAC, the Australian Criminal Intelligence Commission, and international law...

As Sam Bankman-Fried’s criminal trial gets back underway on Thursday, things feel oddly settled on the legal front. The prosecution and its array of insider witnesses have established beyond any reasonable doubt that Bankman-Fried coordinated the frenetic embezzlement and misuse of customer funds. Barring some truly dramatic revelation or supremely canny tactic by a defense that has so far shown no such capacities, Bankman-Fried will likely be found guilty by a jury of his peers within no more than a few weeks. But the very certainty of the legal case invites a much more difficult question: what was Sam Bankman-Fried’s plan? Bankman-Fried spent, invested, gave away, or otherwise disposed of a gargantuan portion of the funds c US tomers had entr US ted him with. While crypto market volatility helped expose that activity, what could have possibly been his goal in flinging assets into the ether with such seeming abandon? What, even in an ideal world, was the FTX endgame? One of the cl...

In the realm of content creation, three key elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, while burstiness delves into the ebb and flow of sentence variations. Predictability, on the other hand, assesses the likelihood of anticipating the subsequent sentence. Human-authored content tends to embrace greater burstiness, seamlessly interweaving longer, complex sentences with concise ones. In contrast, AI-generated sentences often lean towards uniformity. Consequently, for the upcoming content you are tasked with crafting, a judicious infusion of perplexity and burstiness is sought, while keeping predictability at bay. The mandate is to wield the English language exclusively. Now, let’s reimagine the following text: Tesla’s Financial Performance: Despite its substantial investments in artificial intelligence (AI), Tesla’s Bitcoin holdings remain steadfast. The el...

Meme coin $SPONGE’s price is up 26% in the past seven days to $0.000117 after announcing the introduction of staking, to take place on November 1st. With only six days to go, the staking news attracts buyers to the Sponge project , which was created as a homage to the SpongeBob cartoon character. However, it has no affiliation with Nickelodeon. There are no specific details about the annual percentage yield or lock-up periods yet. However, $SPONGE staking allows all token holders to earn a yield from their digital assets. The timing of the introduction of the staking service couldn’t have been better as it coincides with an ‘everything’ rally in the meme coin sector, not to mention the broader crypto world. Meme Coins Ignite: $SPONGE Positioned for Altcoin Season’s Stellar Gains The $SPONGE price has bounced hard off its all-time lows, which makes it a prime target for investors looking to dollar-cost averaging into the market. $SPONGE should be on th...

Amid a bullish week for the majority of assets in the cryptocurrency market, Shiba Inu (SHIB) has made some impressive gains as well, but artificial intelligence (AI) algorithms do not predict further increases for the most famous dog meme cryptocurrency for this year’s Halloween. As it happens, the AI-driven algorithms used by the crypto analytics platform CoinCodex have set the price of Shiba Inu at $0.000007235 for October 31, which would represent a decrease of 10.24% to its current price , according to the information retrieved on October 26. SHIB 1-month price prediction. Source: CoinCodex At the same time, Google Bard has offered the potential range for Shiba Inu based on historical context and factors such as price movement and its relative stability in recent months, specifying the potential low price of $0.0000065 and the potential high of $0.0000076 for this Halloween. In terms of this historical context, it is worth mentioning that the price of SHIB during past Ha...

SHIB’s price action showed signs of a buy signal that could end up in a rally. Although there was strong support at $0.0000073, SHIB could drop to $0.0000065. Volatility increased, indicating large price fluctuations for SHIB in the short term. Unlike, many other cryptocurrencies in the market, Shiba Inu’s (SHIB) performance in the last 30 days, has been underwhelming. Compared to meme coins like Floki (FLOKI) and Dogecoin (DOGE), SHIB has had the most unimpressive show. At the time of writing, SHIB’s value was $0.0000073— a similar value it was 30 days back. However, according to analyst Ali Martinez, SHIB’s price action may be ready to change for the better. Martinez, in his post on X (formerly Twitter), noted that SHIB flashed buy signals that were similar to the periods the cryptocurrency’s value increased by 118% and 71% respectively. #ShibaInu | The TD Sequential flashed a buy signal on $SHIB weekly chart. Notably, the previous two bullish turn...

A panel of industry experts indicated growing, albeit cautious, adoption of crypto currencies and blockchain technology by mainstream financial institutions at the European Blockchain Convention on Wednesday. The panel consisted of Nikou Asgari, digital markets correspondent at Financial Times, Manuel Nordeste of Fidelity Digital Assets, Christopher Siedentopf of Uphold, Eliezer Ndinga of 21Shares and Anya Nova of GKS. Nordeste said the firm has seen increased interest from traditional financial institutions despite the volatility. We certainly continue to invest in this business with the view that, you know, perhaps even though we have very volatile and very sort of extreme cycles in this asset class, that there’s an upwards trajectory in terms of adoption . Manuel Nordeste However, the panelists agreed that lack of clear regulations remains a significant hurdle for wider adoption . We can’t get around regulation. So for me, that’s key. Christopher Sieden...