Press Releases News TheBitTimes.com

The company has raised $80 million for wallet development since its inception in 2020. On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone, and Volt Capital, bringing Magic's total funds raised to over $80 million.  Magic's software is currently used by brands in retail, music, fashion, and gaming, including Mattel, Macy's, Xsolla, and Immutable. With the funding , Magic aims to increase adoption by providing authentic digital ownership opportunities and plans to expand functionality, enhance use cases, and deepen integration within the European Union and Asia-Pacific region. By implementing Magic's software development kit (SDK), vendors can enable users to create wallets using existing email, social, SMS, or federated logins. The software provid...

Dogecoin is among the worst-performing assets of 2023 as it barely spiked in price in the last five months. The leading meme currency touched $0.1 in April after Elon Musk changed the iconic bird logo of Twitter to DOGE. However, it retraced in price a week later after the original logo was put in place. Hype is no longer in play to scale up Dogecoin ’s price as investors are now disinterested in dramatic antics. Therefore, DOGE rallying as it did in early 2021 has a slim chance of repeating the feat. Also Read: Shiba Inu: June 2023 Price Prediction for SHIB Source: Coingecko This puts DOGE investors in a dilemma of whether the meme currency will reach the $1 milestone or not. A lot has been said about going ‘to the moon’ but the meme coin has a long way to reach the $1 target. Long-term goals aside, we will highlight the short-term target for Dogecoin with a price prediction for June 2023. Let’s find out how high or low DOGE will trade in the indices next month and if is ...

As trades come off from a long weekend, NVIDIA shares are expected to witness another surge as US markets open on Tuesday. The price of NVIDIA stock is up nearly 30% in the last five days as the market cap of the chip maker company saw a humongous rise from around $720 billion to above $900 in a single day after posting quarterly earnings. advertisement NVIDIA doubles down on AI products Over the long weekend, Nvidia CEO Jensen Huang, capitalizing on the AI boom, unveiled a new batch of products and services, including a new robotics design, gaming capabilities, advertising services and a networking technology. Huang also unveiled an AI supercomputer platform called DGX GH200 that will assist tech companies create successors to ChatGPT. Microsoft, Google and Meta are expected to be among the first users. In its quarterly earnings report, Nvidia forecasted $11 billion in sales for the second quarter of 2024 alone. Expected sales were 50% higher than ...

Axie Infinity (AXS) has created a path for other metaverse games to emulate and disrupt. It ushers in the era of alternative crypto investment while gamers do what they love and earn rewards for it. However, there is a new token challenging AXS for its position, authority, and PR ofit potential. In this article, we look into this new GameFi token and why experts believe it will bring massive gains to early investors on its way to the top 100 cryptocurrencies. Axie Infinity and Metaverse Gaming Axie Infinity (AXS) is one of the most popular blockchain games that revolutionises how cryptocurrency is fused with gaming. As a top play-to-earn game, it centres around non-fungible tokens (NFTs) and has an entry requirement of possessing at least three Axies NFTs to start playing the game. This comes at a cost, and it’s often a barrier for users in the space. You might be required to pay a few hundred dollars to be able to assemble a great Axies team to battle other monsters...

Also Read: Memecoins Prints Selective Growth as Crypto Market Recovers, Here are the High Fliers advertisement Recently, Ripple joined the e-HKD Pilot Programme by the Hong Kong Monetary Authority’s (HKMA) while top crypto exchanges OKX and Huobi are in plans to apply for licenses to operate in Hong Kong . Meanwhile, the announcement to allow retail trade is spurring significant demand for Chinese coins like Conflux (CFX). Demand Rises For Chinese Coins Besides Conflux (CFX), other China coins Filecoin (FIL) and EOS have seen at least 7-8% weekly gains. With the Hong Kong retail crypto trade to begin from June 1, 2023, these coins are likely to gain even further. This trend comes at a time when Bitcoin price is witnessing a sideways movement and memecoins like PEPE Coin are seeing rise in demand. Hong kong opening up crypto for China on June 1st Recommended Articles ...

In a recent tweet that has caused a stir in the crypto community, Crypto Tony, a prominent influencer, issued a strong cautionary message about a pre-sale project led by crypto personality Ben Armstrong, also known as Bitboy.  The influencer expressed astonishment at the amount of funds accrued so far by BEN.ETH, the token associated with Armstrong’s latest venture, called LOYAL. Specifically, nearly 2k Ethereum (ETH) token, equivalent to over $10 million, has been deposited to the BEN address in question.  With a touch of disbelief, the influencer warned followers against sending money to Armstrong, emphasizing the perceived irrationality of such an action. While some people see it as gambling, others consider it an old-fashioned money laundering scheme. $10,000,000 accrued so far by BEN.ETH on yet another pre sale he is doing called $LOYAL .. Absolutely mental to anyone sending this guy money ️ pic.twitter.com/aewNecfP8O — Crypto Tony (@CryptoTony__) ...

BTC price action gives analysts reasons to be bearish, while Bitcoin shuns volatility from the day’s macro triggers. Bitcoin (BTC) returned above $26,000 on May 25 after an overnight dip offered a retest of recent lows. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price action acts around key 200-week moving average Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in its range from the day prior, having recovered from flash weakness after the daily candle close. With little excitement present on spot markets, traders and analysts looked for potential volatility catalysts. The day’s macroeconomic reports from the United States, which included gross domestic product estimates for Q2 and jobless claims, failed to shake up the status quo. News: GDP comes in at 1.3%, while 1.1% forecasted. Unemployment claims are also coming in more positive than expected at 229K, while 249K forecasted. Economy is still 'strong'. — Michaël van de Poppe (...

JUST IN: SEC Filings show Cathie Wood ’s $ARKK fund dumped all of its stake in Nvidia in January, just before the company surged over $560 billion. pic.twitter.com/ZYXZ8ceN53 advertisement — WhaleWire (@WhaleWire) May 25, 2023 NVIDIA has been the center of attraction in both the tech world as well as on Wall Street for its impressive price jumps over the past few days.  Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read ...

On May 13, 2023, PulseX and the PulseChain blockchain went live. In just over ten days, the blockchain’s native token, PLS, has made its debut on a crypto index, namely CoinGecko. However, some details about the project are yet to make an appearance on the platform. This is probably because it is still relatively new. Moreover, the coin does not have a rank as of yet as it is still far behind the top 100 crypto projects by market cap. CoinGecko data highlighted that the project has a 24-hour trading volume of $639 million. PulseChain (PLS) is currently down by 13.8% in the last 24 hours according to the platform’s data. Source: CoinGecko Initially, CoinGecko had put a placeholder for PLS but has since officially added the crypto token. The community welcomed the move, and many are asking questions about whether PulseX will also make it on the popular index. Will PulseChain be on more indices? PLS is a relatively new project. While CoinGecko is a popular crypto index platfor...

Do Kwon To Stay In Jail During the court hearing for Kwon’s bail acceptance, Haris Sabotic — a representative of the prosecution — raised objections, citing the lack of prescribed conditions to monitor the defendants’ activities under surveillance. Sabotic also expressed concerns that both defendants could deliberately evade and delay court hearings by failing to respond to court summons. advertisement Read More: U.S. Regulator Says CFTC Is Not Crypto-Friendly Over The SEC On May 12, the legal team representing Do Kwon secured the bail order which accounted for nearly 400K Euros (437K USD). However, it was subsequently followed by an appeal from the State Prosecutor’s Office in Podgorica on May 17 against the court ruling. Kwon Accused Of Forgery Kwon and his co-founder are currently facing accusations of forgery by Montenegrin authorities, a charge that carries a potential prison sentence of five years. Despite maintaining their ...