NFT News by Thebittimes.Com

The altcoin sector is gaining attention, and various parts of the crypto world are seeing a resurgence in demand. Similarly, Metaverse tokens are picking up speed, hinting at an upcoming bull run and signaling the potential start of an altseason. With expectations of a bull market, altcoins are poised for significant gains this week. Analysts think this might produce more explosive performance for meme coins, too. However, Bitcoin’s dominance has overall gone up this year, showing that the market is mixed. Next Cryptocurrency To Explode Attention in the crypto market in the coming month will be directed toward altcoins and meme coins as the market anticipates a bull run. Investors can capitalize on the moment and take a position in upcoming tokens like the 99Bitcoins token. 99Bitcoins token’s transition from the ERC-20 to the BRC20 token standard enables developers to create a new token standard. This post covers the details of its presale. 1. Stellar (XLM) Today, XLM ...

There have been multiple major developments since the start of 2024 for the crypto markets, with digital assets seemingly advancing on all fronts.  For the first time in history, cryptocurrencies are a prominent, though not yet pivotal, topic of the presidential race and major financial institutions are becoming increasingly receptive to digital assets. Some of the biggest victories of the year, however, arguably came on the regulatory front as the U.S. Securities and Exchange Commission (SEC) – after years of delay and denial – approved Bitcoin (BTC) exchange-traded funds (ETFs) in January and, half a year later, did the same for Ethereum (ETH) ETFs. Picks for you Bitcoin price is set for expressive growth, according to key indicators 37 mins ago ...

The crypto currency market witnessed recovery over the weekend. Even though most assets started July 2024 on a bad note, they might be trying to end it on a rather good one. Bitcoin [BTC] was seen trying to hike above the $60,000 level. At press time, the king coin was trading at $59,880 with a 3% surge over the day. Amidst this volatility, a prominent crypto currency analyst Sheldon The Sniper urged the market to purchase three specific crypto currencies before it is too late. On his YouTube channel, the analyst listed a few assets that he thought would be a good idea to buy. He even said that given his belief that the bottom is almost in, now may be a good moment to start purchasing these tokens. crypto currencies-to-buy-this-altcoin-season">Cryptocurrencies To Buy This Altcoin Season Dogecoin [DOGE] – Elon Musk’s favorite crypto currency recorded a major dip throughout the month. But the meme coin was turning things around with a 5% daily surge. At press time, DOGE was ...

Illegal Malaysian crypto miners stole $722 million worth of electricity between 2018 and 2023, according to the country’s deputy minister of energy transition and water transformation. As reported by Malay Mail, Akmal Nasrullah Mohd Nasir revealed the figure at an event to mark the disposal of 2,022 seized items, including bitcoin mining equipment. “The theft of electricity by those who mine cryptocurrency occurs because they believe this activity cannot be detected due to the absence of meters on their premises,” said Akmal Nasrullah. He added, “Energy supply companies have various methods to detect unusual energy consumption in an area.” Weed and crypto behind record electricity theft in England and Wales Read more: Europol says alleged crypto miner made millions from stolen electricity He also claimed that stopping crypto miners from stealing electricity is a priority for Malaysia’s government. This is alongside boosting the production of renewable ...

After falling below $60,000, the crypto currency market saw a dramatic collapse, with Bitcoin [BTC] leading the way. The rest of the market fell more sharply. The last 24 hours saw a roughly 9% decline in Shiba Inu [SHIB]. The meme currency dropped from a peak of $0.00001685 to a low of $0.00001541. The asset was still trading at about $0.00001545 at press time. This takes SHIB one step away from achieving its 1-cent dream. Source Also Read: Shiba Inu: Expert Says Hold SHIB Before Bitcoin Skyrockets To $75K shib a-inu-s-dip">Are Whales Making Use of Shiba Inu’s Dip? Shiba Inu has remained a favorite among whales for a while now. According to data from IntoTheBlock, SHIB witnessed a 46.67% surge over the past 24 hours in large transaction volume. These transactions were worth $49.38 million together. A whale emerged in the middle of this and bought around 583.7 billion SHIB. Lookonchain disclosed the transaction. During this period, Shiba Inu was trading at $0.00001666. Therefor...

The crypto currency market, particularly Bitcoin [BTC], saw increased interest from U.S. politicians. Former President Donald Trump and Joe Biden , the current president of the U.S., seem to have caught the crypto currency bug ahead of the 2024 elections. Amidst this, Bernstein, a prominent brokerage firm, revealed how the digital asset industry could make the whole election process more efficient. Leading prediction market Polymarket, which is run on blockchain technology, has recently made headlines in the crypto currency market. The network runs on the Ethereum Layer 2 network Polygon and makes use of an automated market maker pool. With the stablecoin USDC, Polymarket allows users to bet on a wide range of activities. This not only includes politics but also sports and entertainment. It might be challenging for beginners to get into the blockchain sector. But Polymarket makes using it easier. Several media outlets have been suggesting that Polymarket is one of the “defaults...

Justin Bons, Founder and CIO of Cyber Capital Europe’s oldest cryptocurrency fund, criticized the current dominant finance model in the cryptocurrency market based on Venture Capitalists’ (VCs) fundraising. According to Justin Bons, cryptocurrencies are currently dominated by “predatory VCs.” This situation, according to Bons, stems from regulatory pressures that have made Initial Coin Offerings (ICOs) effectively illegal, handing over the entire early-stage market to VCs. Previously, Finbold reported another analyst sharing a similar view about the topic. Miles Deutscher highlighted these new fundraising dynamics as one of the “fundamental flaws” preventing crypto currencies from reaching higher grounds. Picks for you Solana vs. Avalanche: Will AVAX's steady rally overtake SOL's FOMO surge? ...

The market saw a major change in dynamics as Nvidia [NVDA] took over Microsoft [MSFT] as the most valuable firm. The chipmaker recorded a 3.6% surge in its stocks which pushed its market cap to $3.34 trillion. Microsoft’s market value was at $3.32 trillion. The latest rise comes from the increasing demand for its chips that are heavily being used in the AI sector. But this significant spike was believed to be bearish for Bitcoin [BTC]. # Nvidia is now the world's most valuable company, with a market cap of $3.34 trillion, exceeding the GDP of all but 5 countries. Soon only the U.S. & China will have GDPs greater than $NVDA's market cap. Each NVDA GPU contains from .1 to .3 grams of #gold. They contain zero Sats. — Peter Schiff (@PeterSchiff) June 18, 2024 Peter Schiff, a prominent critic of the crypto currency market pointed out how the graphics processing unit [GPU] that was produced by Nvidia had some gold in it. But it did not contain sats. The comp...

Becoming a millionaire is undoubtedly a dream that several investors aim to achieve. While some follow an array of strategies, a few put all their eggs into one basket. Nevertheless, renowned financial author Robert Kiyosaki revealed an investment tool that is the most accessible way to achieve millionaire status. The author highlighted the simplicity and potential of investing in Bitcoin [BTC] when compared to the traditional path. The “Rich Dad Poor Dad” author has time and again shared predictions about Bitcoin with his X followers. More recently, he forecast that Bitcoin could rise to a high of $350,000 by August 2024. Even though his predictions are far-fetched, it instills a sense of optimism in the market. On June 11 he tweeted, BITCOIN is the easiest way to become a millionaire. Making millions as an entrepreneur is hard. I know. You have to be really smart, dedicated, and lucky to become a millionaire starting your own business. I save Bitcoin because Bitco...

The crypto currency market is a constant battleground where bullish and bearish forces clash. It has been causing market cap fluctuations that frequently make headlines. Shiba Inu [SHIB], amidst this, exhibited significant volatility. In the past 24 hours, SHIB dipped by 3.57% through the last couple of hours and was trading at $0.00002459. The market cap of SHIB also followed suit and was at $14.77 billion. Source Also Read: Shiba Inu: You Could Have Made $1 Billion With Just $6,200 The 1 Cent Dream for Shiba Inu Among its many investors, the “1 Cent Dream” is a fervent aspiration that could turn them into multi-millionaires. This goal of achieving a penny per token transcends mere financial hopes. It has become a cultural phenomenon that fuels the meme coin’s popularity. However, the road to $0.01 is laden with obstacles, and the critical question remains: When could SHIB realistically hit the 1 cent mark? Shiba Inu dubbed the “Dogecoin Killer...

Ukraine National Police have raided a criminal call center network that promised phony crypto investments to unsuspecting victims, seizing luxury cars and arresting an individual with links to a so-called ‘thief in law.’  According to a translated announcement from Ukrainian police on Monday, authorities detained 14 suspects accused of defrauding victims across Ukraine, Moldova, Kazakhstan, and the European Union.  Following 40 searches across Ukraine , authorities seized 12 luxury cars, 136 units of computer equipment, 951 SIM cards, and funds totaling $64,500. As part of the operation, scammers called victims pretending to be employees at a stock exchange and, using ‘psychological techniques,’ persuaded them to invest personal funds into crypto. They then transferred the stolen funds to criminally controlled digital wallets and bank cards.  Footage shared by Ukraine police of the raids against members of the crypto scam call centre.  Read more...