China News Today Official TheBitTimes.com

After 17 days, the fate of Sam Bankman-Fried, the founder and former CEO of FTX, hangs in the balance as his trial continues. The case has attracted a lot of attention from legal experts and observers, who have shared their varying opinions on the possible outcome. One such legal commenter is David Lesperance, managing director at Lesperance & Associates and a lawyer with over three decades of experience in finance. Lesperance told crypto.news in an interview that the prosecution has presented a strong case against Bankman-Fried. The charges against Bankman-Fried include fraud, misappropriation of customer funds, and other violations related to his role in FTX and Alameda Research.  Moreover, Bankman-Fried’s defense has adopted a novel approach, which Lesperance regards as a last-ditch effort. Arguments aiming to put the blame on Caroline Ellison, Bankman-Fried’s ex-girlfriend, and Bitcoin’s volatility have not sounded as convincing. In his testimony, Bankman-Fried ...

The U.S. dollar (USD) is reportedly one of the strongest fiat currencies in a long time. In the last decade, the USD outperformed 115 national currencies, of which 17 are from G20’s member countries. However, the United States legal tender was strongly outperformed by Bitcoin (BTC) in the same 10-year period. Data retrieved by Finbold from Bitstamp’s BTC/USD price chart on TradingView shows that even the fiat currency from one of the most wealthy countries of all time has not been able to keep its value against the leading cryptocurrency by market capitalization. From September 30, 2013, to the same day 10 years later in 2023, the U.S. Dollar lost 99.52% of its value against Bitcoin. Interestingly, it also represents a price appreciation superior to 22,000% for BTC against the USD. BTCUSD 1W historic price chart from Bitstamp. Source: TradingView Notably, the Chinese central bank began to crack down on Bitcoin in late 2013, prohibiting local financial institutions from handling...

Cryptocurrency trading venues have changed tremendously since Bitcoin’s emergence in 2008 and are still evolving. So, what are the newer exchange models beyond CEXs and DEXs in 2023? Phemex, an innovative crypto exchange, is at the forefront of the hybrid trading approach. Rooted in a firm commitment to decentralization, Phemex provides CEX-like liquidity, user-friendly functionalities, and access to DeFi opportunities through its Phemexia ecosystem. Over the years , crypto currency trading venues have come a long way — from the Bitcoin Market exchange owned and operated by a single anonymous user, dwdollar, in 2010 to automated market makers (AMMs) relying on mathematical formulas to price assets a decade later. Centralized exchanges (CEXs) use an order book where market makers and takers place their orders. Their order books then match buyers and sellers, and the exchanges take a small portion of the transaction as a fee. Their counterparts, decentralized exchanges (DEXs), opera...

The recent volatility in the market has made it critical to predicting the price of Dogecoin. DOGE, the first-ever meme cryptocurrency, has garnered significant attention due to the active promotion of the asset by multibillionaire businessman Elon Musk. As an outcome of Musk’s actions, the price of DOGE has been significantly affected, with the asset’s value experiencing a notable increase due to the Tesla CEO’s most recent Twitter acquisition. Also read: Shiba Inu: How High Can SHIB Rise in 2023? The potential rise of Dogecoin in 2023 to reach $100 is a topic of interest for both crypto enthusiasts and investors. Let’s explore the world of Dogecoin and analyze the path towards achieving the $100 milestone. Can DOGE hit $100 in 10 years? When predicting the future price of cryptocurrencies, a range of factors must be considered. Historical data and trends are commonly used by some analysts, while others prefer technical Analysis and market sentiment to evaluate poten...