NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage One of the most impactful blockchain concepts that have been gaining traction lately is that of Eco-friendly cryptocurrencies. With the increasing growth of the blockchain sector, there has been a surging demand for projects that can be sustainable in nature. For the same reason, top Eco-friendly cryptos have been introduced into the market in decent quantities in the past. However, it has been seen historically that most of these have simply been cash-grab opportunities for developers. Despite these activities, investors have actively demanded and have been looking for tokens that can provide real value while contributing to a better environment. This requirement has now caused pre-existing projects too, to take a greener approach in the future developments of their operations. Although several such new projects have flooded the market recently, only some have managed to position themselves as high-fundame...

Source: AdobeStock / MigrenArt Ripple Labs CEO Brad Garlinghouse has recently expressed his "outrage" at the US Securities and Exchange Commission (SEC) over the regulator&rsquo ;s lawsuit against Ripple. In response to a user's tweet on Saturday, Garlinghouse lashed out at the SEC for suing the company, noting that there won't be any consequence to those who started it even if they prove to be wrong. He also claimed that the SEC's lawsuit was a show of power rather than a legitimate attempt to enforce the law.  "My outrage has grown as the litigation has unfolded," he said. "There is no recourse, there is no consequence to those that brought this lawsuit. The SEC’s pursuit of a policy objective isn’t about “a faithful allegiance to the law”. It’s about power." Garlinghouse also mentioned there will be no "regard" for those affected by the SCE's actions, drawing attention to the agency's blatant lack of...

It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June, Terra’s total value locked (TVL) in decentralized finance (defi) has increased from $350,174 to today’s $41.55 million. A Look at Terra’s Blockchain Ecosystem Over the Last 5 Months Since the Collapse The Terra ecosystem fallout was a dark day for the crypto community when Terra’s stablecoin terrausd (UST), now known as UST classic (USTC), depegged from the token’s $1 parity. Before the collapse, Terra’s luna, now known as luna classic (LUNC) was a top ten crypto asset by market capitalization and Terra’s stablecoin also held a top ten position. Prior to the fallout, luna held the seventh position in terms of crypto market caps, and on April 28, Terra...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin experienced one of its most severe crashes in 2022, with the BTC price falling below $20,000 since June of this year, after peaking at $68,000 in 2021. However, the current market sell-off does not imply that Bitcoin crashes and bear markets will be limited to 2022. Since the first Bitcoin block, or the genesis block, was mined in January 2009, Bitcoin has seen its fair share of crypto winters. As we zoom out on the Bitcoin price chart, we notice five of the most notable price drops in the cryptocurrency’s history. Bitcoin’s price plummeted from $32 to $0.01 in 2011 20 months to retest previous high: (June 2011–February 2013) Bitcoin’s price broke its first major psychological barrier of $1 in late April 2011, launching its first-ever rally to $32 on June 8, 2011. But the happiness didn’t last long, as Bitcoin’s value dropped to $0.01 in a matter of days. The s...