China News Today Official TheBitTimes.com

There’s just something about cryptocurrency that lends itself to wild speculation. Blame it on the younger demographic, obscene risk tolerance or simple financial nihilism in response to the depressing housing market. In any case, blockchain-powered prediction markets suit crypto to a tee. These platforms allow anyone to open bet on any topic whatsoever — with all gambits settled by smart contracts, paid in crypto. The permissionless nature of blockchains means all topics are fair game. Polygon’s Polymarket drew controversy earlier this month for facilitating bets on the outcome of the OceanGate Titanic sub tragedy, for example. Polymarket works like this: Users buy or sell what’s referred to as “outcome shares,” which are either worth $1 or zilch depending on whether the associated outcome actually happens. The odds offered by the blockchain readily reflect how crypto users feel about world events. From Oppenheimer vs. Barbie to the veracity of the weather, here’s the top Polymar...

Grayscale GBTC Trust conversion to an ETF will unlock a potential sale of up to $18 billion in Bitcoin. The introduction of a spot-based Bitcoin (BTC) exchange-traded fund (ETF) would make the asset more accessible to individual investors and mutual funds. What's more, unlike a futures-based Bitcoin ETF, a spot-based ETF involves actually buying BTC. So will the approval of the first Bitcoin ETF be a bullish event? Not necessarily. GBTC 'discount' remains in the double digits  Over the years, the U.S. Securities and Exchange Commission (SEC) has rejected every Bitcoin ETF applicant, and the latest denial was issued to VanEck Bitcoin Trust on March 10, 2023. The SEC concluded that the offer did not have a "comprehensive surveillance-sharing agreement with a regulated market of significant size related to spot Bitcoin." Regulators are hesitant to release what many believe would be a more equitable and transparent Bitcoin product.  Investors now question whether the...

Shiba Inu trillionaire, bankrupt broker Voyager, has unexpectedly moved billions of SHIB in a move that has surprised the ecosystem. Indeed, data has shown that the cryptocurrency company has sent 25 billion SHIB tokens to a new wallet. The haul was worth a staggering $183,275. Moreover, the activity surprised many because of the destination of the transferred Shiba Inu. Specifically, many would assume this kind of transaction would be sent to another exchange or the broker’s wallet. However, it appears as though the tokens were sent to a different address connected to Shiba Inu.  Source: Reuters Also Read: Shiba Inu Whales Move Over 9 Billion SHIB, Price Turns Red Voyager Unexpectedly Moves Billions of SHIB In what is a rather surprising development, Shiba Inu trillionaire Voyager has moved billions of SHIB. The move has shocked the community, as the bankrupt American cryptocurrency broker has transferred the massive amount to a rather surprising wallet.  The Voyager wallet in questio...

Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency hacks and forced thefts are all around us. With an industry that rakes in billions of dollars yearly, you would think that anyone looking to enter the sector would have to pay a pretty penny.  Well, you would be wrong. Earlier this week, several reports revealed that the MasterMana Botnet, a new virus that sells for just $160, is doing its bit to wreak havoc on the crypto space as well. MasterMana Botnet and Classic Phishing Cybersecurity researchers have identified that MasterMana targets businesses, stealing cryptocurrencies, and sensitive data in exchange for ransoms. The campaign is reported to be connected to the “Gorgon Group,” a group of hackers that has been linked to several criminal activities and even attacks on governments as well. A  research report  conducted by cybersecurity firm Prevalion revealed that the MasterMana operation began in December 2018, while also noting that the...

The German foreign service created a dog-themed NFT collection in the form of a treasure hunt to recruit and test new cyber talent. In this week’s newsletter, read about the German foreign intelligence agency issuing a dog-themed nonfungible token (NFT) treasure hunt and check out the new NFT stamp collection from the autonomous territory of the Faroe Islands. Find out about Hermès latest win in its infringement case against MetaBirkins, and don’t forget this week’s Nifty News, featuring the NFT Web3 card game Gods Unchained being added to the Epic Games store, and why the United States Secret Service created an NFT collection. German intelligence service launches dog-themed NFTs to fetch cyber talent The German foreign intelligence agency, the Bundesnachrichtendienst (BND), launched a collection of dog-themed NFTs on June 19. Aside from cartoon depictions of dogs, the collection Features an on-chain treasure hunt to recruit cyber talent . Dogs of BND NFTs are only collectible by ...

Australia’s Treasury declared on Wednesday that it understands the gravity of de-banking companies. The treasury added that it recognizes delay would push firms underground. The move is in light of cases in which banking partners have disconnected from crypto platforms in the country. The decision by the government to clarify its stance on de-banking comes only hours after Blockchain Australia renewed its pledge to reduce scams. Moreover, the development followed reports of Binance Australia receiving only 24 hours of notice before de-banking. Binance Australia stopped accepting Australian dollar (AUD) deposits and withdrawals by bank transfers. Will crypto firms undergo any change in Australia? According to the announcement, the Treasury has accepted most of the advice from the Council of Financial Regulators (CFR) on de-banking. The recommendations could affect change for crypto-related companies. The government received four recommendations from the CFR last year regarding possible ...

The popular crypto tipping app Damus is making headlines as it faces potential removal from the Apple App Store due to claims of non-compliance with review guidelines. Apple has reportedly issued a warning to Damus, stating that the app’s version 1.4.3 violates review guidelines, and specifically takes issue with the in-app tipping function. In a recent tweet, Damus representatives clarified that they updated the app’s user agreement to make its compliance with Apple’s guidelines. Looks like we are getting removed from the appstore even after updating our app to make it clear that no digital content is getting unlocked when users are tipped. Users are only ever tipped after posts are made, the idea that content is being sold is nonsense. We will be filing… pic.twitter.com/Su945kE37v — Damus️ (@damusapp) June 26, 2023 More precisely, the guidelines now clearly state that the application is not selling content and tips can only be given for content that w...

Join Our Telegram channel to stay up to date on breaking news coverage Dan Held, the Director of Business Development, has recently done an interview with Alex Saunders, the CEO of Nuggets News. From there, the two discussed various topics, including global market trends, how Bitcoin stands as the hardest form of money, and how Bitcoin can fit in a macroeconomic ecosystem. Held: The Potential Super Cycle Is Close Held first got into BTC back in 2012, a hefty eight years ago. He did so after learning about the financial system crash that occurred during 2008. However, he explained that during that time, it was a very tiny space. 2012 held a crypto ecosystem that was so insignificant that significant players in the tech industry didn’t even consider involvement. After all, before cryptocurrencies started to change the way we view finance, it was a fringe technology that had no clear future. As times went on, Held stated that the crypto scene is so radically different now, compar...

The top eight financial institutions with an interest in Bitcoin and crypto have a whopping $27 trillion in combined assets under management. There is at least $27 trillion of assets managed by major U.S. financial institutions that are also “actively” seeking to provide clients with exposure to Bitcoin (BTC) and crypto .  On June 26, CoinShares chief strategy officer Meltem Demirors highlighted at least eight major financial institutions that have signaled moves in the digital assets space, including BlackRock’s spot Bitcoin ETF filing and Fidelity’s crypto wealth management solutions. Others include JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco and Bank of America. “Many of the largest financial institutions in the US are actively working to provide access to Bitcoin and more,” she noted, adding that there is a whopping $27 trillion in assets under management between them. 1/ last week's @BlackRock spot Bitcoin ETF filing was big news! but, it's not the on...

NEAR Foundation and Alibaba Cloud have formed a partnership , boosting the advancement of web3 technology in Asia and the Middle East. The move has triggered an over 9% surge in the price of NEAR tokens. The NEAR Foundation, a non-profit organization that supports the growth of the NEAR protocol ecosystem, has joined forces with Alibaba Cloud, the computing and storage arm of Alibaba, a Chinese multinational technology company. The collaboration seeks to advance the spread of web3 technology in Asia and the Middle East by using Alibaba Cloud’s network of developers. You might also like: Cosmose transitions from Stripe to Near’s blockchain solution The collaboration gives NEAR access to Alibaba Cloud’s developer ecosystem, serving as a way to attract more developers to build innovative applications on the NEAR protocol.  You might also like: Alibaba Cloud Unveils a New Product for NFTs As part of the partnership , the NEAR Foundation and Alibaba Cl...

Bitcoin and Ether’s recovery has improved traders' sentiment, which could trigger buying in ARB, VET, and STX. Bitcoin (BTC) made a new 52-week high on June 23, indicating that bulls are on fire. Buyers have managed to hold onto a large part of the gains made during the week, signaling that they are in no hurry to book profits. Bitcoin climbed 16% this week, outperforming the S&P 500 Index, which fell 1.39%. Not only Bitcoin but even Ether (ETH) is showing signs of starting a bullish move. Glassnode data shows that Ether balances on exchanges dropped sharply in the past 30 days and hit a new low of 12.6%. A similar dip in Ether exchange balances happened in November 2022, which was followed by a sharp rally of 33%. Although a rally is possible, traders need to be cautious because the fall in exchange balances this time may have been triggered by the U.S. Securities and Exchange Commission’s actions against Binance and Coinbase. Crypto market data daily view. Source: Coin360 ...

Max Keiser believes the SEC would go after both ETH and XRP as unregistered securities. According to Keiser, the SEC works for the bank cartel, and they run a protection racket for the banks. Keiser predicts the SEC would do everything it can to kill XRP. Max Keiser, a senior Bitcoin Advisor to President Bukele of El Salvador, believes the Securities and Exchange Commission (SEC) would go after both ETH and XRP as unregistered securities. According to Keiser, the SEC works for the bank cartel, and they run a protection racket for the banks. First: As I predicted, the Hinman letter would be a big dud. It’s meaningless https://t.co/0woW26kO77 Next: Any chatter (2013-15) about #Bitcoin from the SEC is meaningless. It’s beyond their reach. Gensler has said this and he’s right. The SEC will go after *BOTH* ETH & XRP… https://t.co/oR97wNwVlW — Max Keiser, sr. bitcoin advisor pres. Bukele (@maxkeiser) June 25, 2023 Keiser tweeted the statement in res...

The Department of Justice announced sentencing in a Silk Road hacking case following a seizure of 51,000 bitcoin over the past two years.  In 2012, defendant James Zhong amassed the bitcoin through a scheme where he triggered “over 140 transactions in rapid succession to trick Silk Road’s withdrawal-processing system into releasing approximately 50,000 Bitcoin from its Bitcoin-based payment system into” his accounts. Using a combination of a mixer, a foreign cryptocurrency exchange and an “impressive array of technological tools to frustrate tracing efforts,” Zhong transferred the bitcoin (BTC) into multiple accounts in an attempt to evade detection. Following the hack, Zhong seemingly managed to avoid police scrutiny for nine years. In November 2021, police in Gainesville, Georgia, executed a search warrant on Zhong’s property. They recovered over 50,0000 bitcoin in a “single board computer,” a Cheetos popcorn tin and an underground floor safe.  They were also able to find over $6...

PEPE quietly pulled off a 100% rally earlier this week, raising questions on whether the frog-themed memecoin will become a serious Dogecoin competitor. A few months ago Pepecoin came and went, bringing quick, unimaginable riches to early investors and turning latecomers into reluctant bag holders. While the chart resembles the standard crypto pump-and-dump scheme, Pepecoin’s (PEPE) price action this week suggests that the frog-themed token could be the newest contender to Dogecoin (DOGE) in the memecoin sector. Dogecoin has dominated the memecoin space for years. Many copycats of dog-themed tokens, like Shiba Inu (SHIB) and Floki (FLOKI), have challenged DOGE’s position over the years but eventually faded. SHIB briefly surpassed DOGE in market capitalization after rising 1,000% to a peak valuation of $41.1 billion on Oct. 28, 2021. At the time, Dogecoin’s market capitalization was $31.5 billion. However, the near-vertical rally faded in the following weeks, and Dogecoin reclaimed i...

AFKDAO and Lulu Market alliance has been announced recently.  LULU Market, a community-driven Web 3.0 farming game. The partnership between AFKDAO and LULU Market holds tremendous potential for the growth and development of the play-to-earn gaming space. By combining LULU Market’s engaging gameplay mechanics with AFKDAO’s investment opportunities and decentralized governance, players can actively participate in shaping the metaverse economy while earning tangible rewards. This collaboration opens new avenues for economic empowerment, financial inclusivity, and community-driven decision-making within the gaming ecosystem. LULU Market is a community-driven Web 3.0 game that aims to build a healthy and sustainable blockchain application. It supports our natural economies by bridging the metaverse and the real world. Through play-to-earn gaming and NFT minting in LULU Market, players can participate in DAO governance, stake to earn dividends in BUSD and get tangible goods from LULU Market....

Historical data shows that apart from a few times since 2015 when altcoins outperformed BTC, a ‘Bitcoin only’ investment strategy has fared considerably well. Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities. Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over the long-term, ‘Bitcoin only’ has been a better investment strategy than an altcoin portfolio. Altcoin portfolio underperformed Bitcoin over the long run Bitcoin has had three consecutive bull and bear market cycles, starting in 2013 with the latest one coming in 2021. In each cycle, Bitcoin’s price rose parabolically in a very short span, usually a few months, after surpassing the peak of its previous cycle. In 2013, BTC peaked around $1,175 and after that followed a downtrend for two years. At the time, the altcoin market was in its nascent ...