NFT News by Thebittimes.Com

Michael Saylor’s digital software giant bought 16,130 BTC, increasing the worth of the company’s total Bitcoin holdings to over $6 billion at current prices. MicroStrategy, one of the largest corporate holders of Bitcoin (BTC), bought more of crypto’s leading token by market cap according to founder Michael Saylor and a Nov. 29 filing with the Securities and Exchange Commission (SEC). Saylor’s firm purchased an additional 16,130 BTC at an average price of $36,785 per Bitcoin. This scoop raised MicroStrategy’s total Bitcoin portfolio to some 174,530 coins acquired for  $30,252 on average. As crypto.news reported, MicroStrategy spent $5.3 million bolstering its BTC holdings following the close of Q2 2023. MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per #bitcoin. As of 11/29/23, @MicroStrategy now hodls 174,530 $BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. $MSTR https://t.co/3XHhpIvsuA ...

TerraClassicUSD is up 290% amid a positive ecosystem outlook. Memeinator is a new AI meme token currently priced at $0.014 and in presale. Could the MMTR beat USTC to $1? TerraClassicUSD (USTC) is a token on the rise. In the past week, USTC price surged 290%, with the upside coming amid multiple positive catalysts. Meanwhile, the meme coin Memeinator continues to grind through its presale – currently in stage 7 with over $1.6 million raised. USTC is priced at $0.05 today. Will it reach $1 in 2024? Or will the Memeinator’s MMTR that’s expected to hit a final presale price of $0.049 beat it to the coveted level? What is TerraClassicUSD and why is its price rising? TerraClassicUSD (USTC) is one of the tokens to see significant price uptick this past week. The token’s impressive 290% spike saw its value reach $0.07. The upward momentum pushed its price to highest level since June 2022. Developments in the Terra ecosystem and recent new...

Bankrupt cryptocurrency exchange FTX has been given the green light to sell around 32 million shares held in various digital asset trusts as part of its efforts to recover funds. According to a Nov. 29 filing in a Delaware bankruptcy court, crypto exchange FTX has received approval to sell approximately $873 million of trust assets, with the proceeds earmarked for repaying creditors affected by the exchange’s downfall in 2022. “The debtors are authorized, but not directed, to execute sales of the trust asset s, in their reasonable business judgment, in accordance with the following sale procedures,” the filing said. Galaxy, a prominent crypto investment firm, has seen its role expanded in assisting FTX with the asset sales, as per the latest court filings. Earlier this year, FTX had appointed Galaxy to manage its extensive digital asset holdings, a decision that now seems pivotal in the ongoing recovery process. You might also like: FTX token rises sharply...

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000. Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.” While many analysts believe that the ETF listing will be a watershed moment for Bitcoin, Genesis Trading head of derivatives Joshua Lim cautioned in a X post that traditional finance investors have already bought the rumor and may exit the trade close to the ETF announcem...

Soccer star Cristiano Ronaldo is facing a class-action lawsuit that alleges the plaintiffs lost money because he promoted unregistered securities with embattled crypto exchange Binance. The lawsuit, filed with the U.S. District Court in Florida on November 27, says that Ronaldo “participated in the offer and sale of unregistered securities in coordination with Binance.” It further alleges that by working with Binance, Ronaldo encouraged millions of fans to invest in unregistered securities with the exchange giant. The plaintiffs claim that Ronaldo should have known that Binance sold unregistered crypto securities, given his investment experience and ability to hire advisers. The plaintiffs in the lawsuit, Michael Sizemore, Mikey Vingdara, and Gordon Lewis, seek damages and funds to pay legal fees. Binance Mired In Regulatory, Legal Battles Binance signed a multi-year partnership with Ronaldo in mid-2022 to promote a series of non-fungible tokens (NFTs). Several of the...

Author: defioasis Note: This article is for information sharing only, not an endorsement of the mentioned projects, nor is it any investment advice. As Binance launches ORDI and OKX Web3 Wallet provides an excellent Ordinals chain experience, more and more users are flocking to BRC-20 and into the Bitcoin ecosystem, with Bitcoin network on-chain volume and fee capture climbing steadily. Bitcoin NFT/Inscription 0n-chain volume historically exceeded $30 million for the first time on November 17th, and pushed this figure to $35 million on the 18th, setting new highs for several consecutive days. During this continuous rise, the inscription fever gradually spread from BRC-20 to BTC NFT, and radiated to multi-chains and L2 networks. On November 17th, Bitcoin Frogs’ volume reached $3.444 million, setting a new historical high; its floor price also rose from 0.06 BTC a week ago to 0.15 BTC, an increase of 150%, making it the undisputed leader in the current BTC NFT market. The Story of Bitcoi...

The crypto market has been recovering. Experts are bullish on Cardano (ADA) because of its research-oriented approach and expanding decentralized finance (defi) ecosystem. FTX Token (FTT) has also registered gains despite challenges facing Binance.  On the other hand, Borroe Finance (ROE) is introducing an AI-powered fundraising marketplace to enhance defi while highlighting practicality and transparent leadership. Cardano’s bullish potential In a recent YouTube video, Crypto Jebb outlined why ADA could rally .  At press time, the coin is changing hands at $0.38, down by over 80% from its all-time high of $3.09 but up by over 30% in the past month. You might also like: Cardano “coiling up” says analyst, warning of pending volatility Cardano supports dapps, and its total value locked (TVL) is up from $50 million to $250 million in the past year. Projects like Indigo, Minswap, and Optim Finance are gaining traction in this ecosystem.  FTX token surges...

The integration of web3 wallet s into mainstream trading platforms heralds a new era in digital finance, blending the realms of cefi and defi while also raising concerns about increased vulnerability to crypto fraud . According to Bitrace and WuBlockchain, the integration of web3 wallets into mainstream trading platforms like OKX and Binance signals a significant shift. This fusion of centralized finance and decentralized finance is reshaping user interaction with digital assets and decentralized applications. However, this transition is not without its pitfalls, particularly regarding fraud risks. Bitrace: Beware as Trading Platforms Launch Web3 Wallets, Intensifying Cryptocurrency Fraud Risks The launch of Web3 wallets by platforms like OKX and Binance signifies the integration of Centralized Finance (CeFi) and DeFi as an industry trend. However, while breaking down the… — Wu Blockchain (@WuBlockchain) November 28, 2023 You might also like: Report reveals reason ...

Mining company Bitfarms has placed an order for 35,888 Ant miner T21 Bitcoin mining devices from Bitmain at a price of $2,660 per unit. According to the statement, the transaction amount will be about $95.5 million. Equipment delivery is expected in March-May 2024, and Bitfarms also received an option to purchase an additional 28,000 Antminer T21. After deploying the purchase d installations, the company expects to increase the hashrate to 12 EH/s with an installed capacity of 310 MW in the first half of 2024. By the end of the year, the figures should reach 17 EH/s and 391 MW, respectively. Hashrate is directly proportional to the profitability of a miner or mining pool. The higher the miner’s hashrate, the higher the block mining speed and the chance of receiving a reward for its creation. The new devices are expected to significantly increase the ability for miners to mine Bitcoin (BTC). Source: Bitfarms You might also like: Bitmain fired employees after salary da...

Bitcoin experienced its first-ever halving 11 years ago today, and since then, its price has soared from $12 to its current price of $37,000. Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving , it’s timely to revisit some of Bitcoin's historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago on Jan. 3, 2009, a few months after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, published the Bitcoin white paper in October 2008. On Nov. 28, 2012, or three years and ten months after Bitcoin’s initial block was mined, the first-ever halving event took place. At the time, BTC traded at just around $12, according to data from StatMuse, or 308,200% below Bitcoin's current price, according to data from CoinGecko. Though Bitcoin halving — as well as the digital currency...

The US housing is now beyond reach for the average American as prices have skyrocketed in the last four years. According to a new report, 99% of Americans cannot afford to buy a house anywhere in the country. This includes even smaller counties and places that are far from the CBD areas. Data shows that prices of 575 US counties which were cheaper before have now become unaffordable after the pandemic. Also Read: GTA 6 Trailer Launch: 15 Million PlayStation 5 Consoles Sold in 2023 An average earner who makes $71,214 per year is not in a position to buy a house even in the most remote areas in the country. Even people making $407,100 a year are finding it difficult to own a house in both the cities and the countryside. The mortgage rates climbing above 7% in 2023 is also the cause to back off from owning a house. In addition, home sellers and real estate builders are charging exorbitant prices for basic housing in the countryside. Also Read: BRICS: US Dollar Top Loser as Saudi...

Crypto exchange HTX has skipped a Dutch court hearing after being accused of ignoring a scam victim and has been ordered to reveal the scammer’s identity — or face a hefty fine. According to the Netherlands’ financial crime unit, a scammer stole €1.2 million ($1.3 million) from a local with an HTX wallet that has been connected to several other Crypto investment scams. HTX allegedly ignored the Dutch victim’s reports, leading them to contact authorities and seek legal action. The scammer’s full name, address, zip code, and place of residence must be handed over, an Amsterdam court ruled in a hearing earlier this month. HTX didn’t attend. HTX was fined €500,000 ($550,000) and can be ordered to pay €100,000 ($110,000) more each day it doesn’t comply, up to €2 million ($2.2 million). HTX hacked week after Poloniex — now Justin Sun only posts as AI Read more: Justin Sun in no hurry to tell China about HTX hack HTX is owned by Tron founde...

Not long after sharing the details regarding the decentralization of the Cardano (ADA) ecosystem, Charles Hoskinson, the founder of its blockchain development firm Input Output Global (IOG), has criticized Ethereum (ETH) plans for staking structure redesign shared by the platform’s co- founder Vitalik Buterin. As it happens, Hoskinson took a jab at Ethereum as he commented on a video of Buterin admitting to the overly centralized nature of current staking on the platform and describing plans to redesign its staking operations in an X post shared by user Stake with Pride on November 24. No worries, Ethereum 3 will have it all sorted! https://t.co/Td0Hm58eic — Charles Hoskinson (@IOHK_Charles) November 24, 2023 Furthermore, responding to the comment noting that he was “fuelling hostility” with Ethereum, Hoskinson refuted such observations, arguing that Vitalik was “rediscovering what we’ve been working on for almost a decade, and it’s like a new revelation,” adding that it...

Gateway.fm’s CEO says the SEC needs to consult with industry stakeholders on regulatory issues. According to Weber, the evolving nature of crypto has presented the SEC with challenges in formulating comprehensive regulations. Weber noted the need to strike a balance between fostering innovation and preventing illicit activities. Co-founder and CEO of Gateway.fm, Cuautemoc Weber, has suggested a solution for the U.S. Securities and Exchange Commission (SEC) if its goal is to create a framework that safeguards investors while promoting responsible growth within the crypto industry. According to Weber, the regulator would need to consult with industry stakeholders who want the crypto space to evolve with the principles of transparency and security.  Weber said this during an exclusive chat with Coin Edition, where he addressed the SEC’s current pattern on crypto projects and regulatory issues. The Gateway.fm CEO acknowledged how the evolving ...

Paradigm, one of Blast’s seed investors, criticized the protocol’s decision to launch a bridge before its L-2 and withdraw capability. Crypto venture capital firm Paradigm criticized Blast’s protocol marketing strategy, claiming the startup “crossed lines in both messaging and execution." The VC firm is a seed investor in Blast. The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly Twitter) expressing disagreement about Blast’s decision to launch a bridge before its layer-2 network and to not allow withdrawals for three months. “We think it sets a bad precedent for other projects,” Robinson wrote, adding that “much of the marketing cheapens the work of a serious team.” There are a lot of components of Blast that I’m excited about and would be interested in engaging with people on. That said, we at Paradigm think the announcement this week crossed lines in both messaging and execution. For example, we don’t agree with the decision to launch the… — D...

According to Lookonchain, SUPER increased by approximately 230% in the past seven days. Spark Digital Capital deposited a total of 1.93 million SUPER on the Binance exchange. The crypto fund sold super after waiting 469 days. According to Lookonchain, the smartmoney on-chain platform, the price of SuperVerse (SUPER) has increased by approximately 230% in the past seven days. Superverse is a blockchain solution focused on building and delivering Web3 products that empower crypto natives with next-generation NFT functionality. The price of #SuperVerse( $SUPER ) has increased by ~230% in the past 7 days. 2 wallets tagged #SparkDigitalCapital deposited a total of 1.93M $SUPER ($784K) to #Binance in the past 3 days.https://t.co/cFw1aXIyLThttps://t.co/g7vldcwirN pic.twitter.com/8uUl7JDkkK — Lookonchain (@lookonchain) November 26, 2023 In a recent post on X (formerly Twitter), the smartmoney platform noted that two wallets tagged Spark Digital Capital, a ...

APE’s price jumped by 17%, with an analyst suggesting a breakout for the token. APE retraced to $1.65 but bulls’ presence may help its recovery toward $1.90. If the overbought condition leads to a reversal, then an entry could appear around $1.60.  According to crypto analyst Crypto Kaleo, ApeCoin (APE) may soon break out because of the positive narrative growing around cryptocurrencies linked to NFT projects.  Kaleo made his opinion known in a post on X (formerly Twitter), noting that the APE could be next to follow the path of Blur (BLUR) and LooksRare (LOOKS). In the last 24 hours, the price of APE has increased by 17.52%, data from CoinMarketCap revealed.  ApeCoin (APE) 24-Hour Price Performance (Source: CoinMarketCap) APE to Reclaim August High? But compared to the performance of LOOKS and BLUR, ApeCoin still lagged behind. However, Kaloe explained his bias using the APE/BTC chart. From the chart shared, the analyst highlighted that High Ti...