NFT News by Thebittimes.Com

Shiba Inu Growth Metrics The Shiba Inu protocol has seen a sharp jump in the total number of whale transactions recorded on-chain over the past week. According to data from crypto analytics provider IntoTheBlock, the SHIB whale transactions have jumped by exactly 25.72% with a total value of $56.8 million. advertisement ITB’s whale transaction definition implies transactions worth $100,000 or more. The data shows this growth metric has been wobbly since the start of the year but following the XRP ruling, the figures jumped from a low of $28.18 million over the past to the level it is at the moment. Shiba Inu Whale Transactions. Source: IntoTheBlock The attractiveness of Shiba Inu goes beyond the general hype surrounding the Ripple vs SEC lawsuit and the latest win the blockchain payments firm scored over the market regulator. Shiba Inu is aiming at creating a whole new functional ecosystem as it doubles down on the soon-to-be-launched Shibarium layer-2 ...

Valkyrie Spot Bitcoin ETF Accepted by the US SEC According to an official filing on July 17, the US SEC accepted Valkyrie spot Bitcoin ETF for a proposed rule change to list and trade it under Nasdaq. The public comments are due 21 days after publication in the Federal Register. The US will officially begin its review process after soliciting public comments. advertisement Eric Balchunas, a senior ETF analyst of Bloomberg, took to Twitter to share that the spot Bitcoin ETF application submitted by Valkyrie is confirmed by the US SEC. Also, Valkyrie was the last one to apply for a spot Bitcoin ETF amid a wave of spot Bitcoin ETF applications. He also noted the ticker “ BRRR ” selected by Valkyrie Bitcoin ETF for Nasdaq listing. US SEC has already accepted the BlackRock spot Bitcoin ETF application. Other Bitcoin ETF filings by Fidelity Investments, WisdomTree, VanEck, Invesco, and ARK 21Shares are also accepted. This clearly indicates that the regulat...

As reported on Friday, movement to $35,000 and $38,000 would have been confirmed if BTC broke and upheld support above $32,000. advertisement With the pullback to $30,000 apparent, a shift in the technical outlook of the largest cryptocurrency boasting $586 billion and $7.5 billion in trading volume, is required to validate the uptrend to $35,000 and $38,000, respectively. Bitcoin Price Must Reclaim $30,200 Last week’s failure to reinforce a bullish grip on Bitcoin price saw a gradual retracement with coin-sweeping liquidity at $30,000. However, according to leading analysts like Michaël van de Poppe, most liquidity is situated in the lower support area around $28,000. The renowned trader and analysts told over 660k followers on Twitter that Bitcoin must “reclaim $30,200 and we’ll be good for continuation to the upside. Recommended Articles ...

The price of AAVE stood at $78.17 following a 24-hour loss of more than 3%. Earlier today, AAVE was rejected by the resistance level at $79.80. Technicals suggested that AAVE may attempt to challenge the $79.80 mark again later today. Aave (AAVE) was one of the many top 50 cryptocurrencies that saw its price drop heading into the new week. The crypto market tracking website CoinMarketCap indicated that AAVE was worth $78.17 at press time, after the crypto’s price fell by more than 3% over the past day of trading. This meant that AAVE was trading close to its daily low of $77.23. Furthermore, AAVE’s 24-hour trading volume decreased by more than 56% throughout the past day. This left its volume standing at around $90,477,179. The altcoin’s price slip also caused it to weaken against both market leaders, Bitcoin (BTC) and Ethereum (ETH) by 3.25% and 2.86% respectively. However, despite this, AAVE’s weekly performance was still firmly set in the green zone at...

Three men in Hong Kong have allegedly scammed HK$1 million ($128,000) worth of Crypto currency from a female accountant using a bundle of counterfeit banknotes and a fake “ Crypto currency shop.”  The 29-year-old victim first saw the supposed Crypto currency trading outlet advertising lucrative exchange rates on Instagram. She visited the shop last Sunday with the goal of exchanging 128,040 Tether ($128,067) into fiat currency.   At the shop, an “employee” handed her a bundle of HK$1,000 banknotes and told her to send the crypto to a designated wallet controlled by them. However, she failed to notice that the stack of cash contained just two genuine notes at the top and bottom of the pile while the rest were training aids for banks.  After transferring the crypto, she was told to wait outside by the “employee” as they supposedly needed the toilet. Instead, the man left her with the counterfeit notes and never returned . Suspecting she’d been scammed out of her c...

Blockchain protocol MultiversX has implemented a novel two-factor authentication mechanism to add additional security to its network. Two-factor authentication (2FA) is a tried and tested online security measure, and the technology is now being used as an additional transaction signing measure on MultiversX’s blockchain protocol. MultiversX CEO Beniamin Mincu unpacked the protocol’s new guardian service in conversation with Cointelegraph. The feature makes use of Google Authenticator, Authy, Duo, Microsoft Authenticator or biometrics to provide a second signature for transactions before they are processed on-chain. Mincu outlines the novelty of the approach, which allows users to make use of guarded transactions and accounts to act as a secondary security mechanism: “What the chain sees is a guarded account, if it has the feature activated, and for that account, it requires that any outgoing transaction carry two signatures, one from the account owner and the second one from the guar...

Crypto YouTube influencer, JV, recalls CZ’s prediction that Bitcoin would reach $10 million. JV of Crypto News Alerts analyzed various aspects of the Bitcoin market development. CZ made the $10 million Bitcoin prediction in 2021, following MicroStrategy’s Bitcoin allocation strategy. JV, a crypto YouTube influencer, remembered CZ’s prediction that Bitcoin would reach $10 million. JV referred to the statement in a recent video uploaded on YouTube, where he analyzed various aspects of the Bitcoin market development. JV looked back at CZ’s Bitcoin prediction while analyzing Binance CEO’s recent Twitter comments. In a Q&A session on July 5, CZ addressed several issues, including Binance’s reaction to ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in cryptocurrencies and the proposed BlackRock ETF. CZ made the $10 million Bitcoin prediction back in 2021, following MicroStrategy’s annou...