NFT News by Thebittimes.Com

Newcomer meme coin Scotty the AI has landed on crypto ex change MEXC’s pre-launch kickstarter program today and already the project’s early investors are posting tidy returns. According to the announcement, users can commit their MEXC tokens before the listing of Scotty The AI ($SCOTTY) tomorrow to take part in an airdrop with up to $50,000 USDT up for grabs. On its launch last week, Scotty the AI’s $SCOTTY token shot up 150% in the space of an hour, hitting highs of $0.02597. The price has since somewhat stabilized to change hands $0.01335, a glowing ROI for early investors, since it’s about 33% higher than its initial listing price of $0.01, with 10.5% of those gains coming from price movements since the MEXC announcement, according to data by CoinGecko.  .@ScottyThe_Ai, an innovative crypto project centered around AI, is coming to #MEXCKickstarter 🚀 🗳Vote with $MX to share massive airdrops 📈 $SCOTTYAI/...

Chainlink, a decentralized oracle network, has come under scrutiny for altering the security measures of its multi-signature ( multisig ) wallet . Crypto researcher Chris Blec was one of several users on X (formerly known as Twitter) who criticized Chainlink for discreetly lowering the number of necessary signatures on its multi-signature wallet from a 4-of-9 configuration to 4-of-8. The 4-of-8 multisig configuration serves as a security protocol, requiring at least four out of eight signers to approve a transaction. In a Sep. 24 post, Blec highlighted a message from a pseudonymous user revealing that a wallet address had been quietly removed from Chainlink’s multisig wallet without any formal communication from the company. Chainlink multisig has removed a signer and is now a 4-of-8 multisig. This multisig can change *any* Chainlink price feed to provide *any* price that it wants it to provide. Completely centralized under this multisig. https://t.co/GOAtJXShIV — Chri...

Join Our Telegram channel to stay up to date on breaking news coverage Hong Kong is swimming against the global anti-crypto waves. As the rest of the world shies away from crypto due to its volatility and high risk, Hong Kong through its authorities is encouraging its finance sector to embrace it. Hong Kong Pursues Global Crypto Hub Status The city’s banking regulator, the Hong Kong Monetary Authority(HKMA), is urging financial institutions like HSBC and Standard Chartered to accept cryptocurrency exchanges as clients. According to Financial Times sources, during a meeting last month, the authority asked UK-based lenders and the Bank of China why they did not accept cryptocurrency exchanges as clients. In a letter dated April 27th, the HKMA advised the banks to avoid imposing an undue burden on prospective crypto clients during the due diligence process, particularly for those establishing a presence in Hong Kong to pursue regional possibilities. The authority specific...

“When you think about Bitcoin, it's potentially the largest country or one of the largest countries today. But it's digital in and it's spread out everywhere,” Jeff Booth told Cointelegraph. If Bitcoin (BTC) were a country, it might be one of the biggest in the world. That’s according to Jeff Booth, general partner at Bitcoin venture fund Ego Death Capital and author of “The Price of Tomorrow.” Cointelegraph spoke to Booth to better understand–and visualize–the state of the Bitcoin movement in 2023.  Booth sat down to enjoy a pint and a chat about Bitcoin in Bedford, a small suburban town that has attracted Bitcoin advocates and key opinion leaders from all over the world. Booth commented on the emergence and resilience of the Bitcoin community in the 2020s decade and how people can get involved personally. Jeff Booth (right) speaks to Cointelegraph's Joe Hall Booth suggested that the Bitcoin community could usher in a fundamental change to the world if its members de...

A large amount of cryptocurrency kept in a wallet associated with crypto ex change Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions. Bitcoin Stored in Dormant Wex Wallet Moves for the First Time in Five Years The unknown holder of a bitcoin wallet linked to the now-defunct Wex, once the largest cryptocurrency exchange in the Russian-speaking market, has withdrawn 10,000 coins. Funds at this BTC address last moved in September 2017, when the same amount was sent out. Wex was established in that year, following the collapse of BTC-e, which closed down after the arrest in Greece of one of its operators, Alexander Vinnik. The Russian IT specialist, who is currently in U.S. custody, is accused of laundering up to $9 billion through the ex change . The transfer of the digital mone...