Press Releases News TheBitTimes.com

Analysts have picked PepeCoin (PEPE), Meme Moguls (MGLS), and Shiba Inu (SHIB) as tokens that could rally as 2023 comes to a close. As this happens, Shiba Inu, the second largest meme coin by market cap, has contracted in price despite the recent token burning rate. Can PEPE market cap reach $500 million? PEPE rapidly gained momentum after launching in April 2023, entering the top 100 coins by market capitalization within its first two weeks. Its token price hit an all-time high of $0.000004354 in May. You might also like: PEPE lost 15% in one week despite surge in exchange inflows and whale activity Since then, PEPE has seen declining valuations amid the broader crypto downturn, trading 9.6% over the past week from around $0.00000118 down to $0.00000105 as of November.  However, the project maintains a sizable market presence, with its current market cap hovering near $441 million. Some analysts expect PEPE’s market cap to break above $500 million in the comi...

Dogecoin (DOGE) declined due to heightened network activities, while Tron (TRX) contracted even after partnering with Pundi X. Consequently, investors are now exploring a new decentralized finance (defi) project, BorroeFinance (ROE).  Dogecoin falls despite rising network activities There has been a recent increase in activity on the Dogecoin blockchain, with rising transaction volumes attributed to “ordinals” and new tokens created on Dogecoin’s platform. Shibetoshi Nakamoto, the founder of Dogecoin, acknowledged this growth in response to a pseudonymous user. You might also like: Netflix director allegedly YOLOs $4m of allocated series budget on Dogecoin In May 2023, Dogecoin enabled the creation of “DRC-20” tokens on its network. However, many projects launching are struggling with adoption or posting sharp declines. Over the past week, the trading activity related to experimental tokens has shifted towards Dogecoin. The total trading...

Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times. In an attempt to participate in the meme coin frenzy, many users have shown interest in joining this growing trend. Dogecoin played a pivotal role in initiating the meme coin craze and subsequently inspired the development of various coins that aim to emulate its success. With numerous users getting their hands on Dogecoin, a question arises about how high DOGE can go in November. With the whole market trading in red, here is our price prediction for December 2023. Also read: Ripple (XRP) Price Prediction: December 2023 Dogecoin Price Prediction for December 2023 Various factors, such as market conditions, price action, developments, supply, and use cases, will de...

The cross-chain protocol raised funds at a $2.5 billion market valuation, finalizing its separation from Jump Trading which is downsizing crypto operations due to scrutiny. Wormhole, a cross-chain bridge platform, raised $225 million at a $2.5 billion valuation from investors Coinbase Ventures, Multicoin Capital and Jump Trading which initially incubated the defi protocol under its digital asset division Jump Crypto. Rather than equity, Wormhole issued token warrants to investors. These warrants guarantee that investors will receive an allocated supply of a crypto token launched by the protocol.  The fundraiser was the final step to settle Wormhole’s departure from Jump’s umbrella following regulatory scrutiny in the U.S. and security breaches suffered by the blockchain messaging tool. Additionally, Wormhole now operates under the administration of Wormhole Labs.  Wormhole itself is now completely separated from Jump. Dan Reecer, Wormhole Foundation COO You might ...

The hacker responsible for siphoning off $46 million from the decentralized exchange protocol KyberSwap last week has pledged to release a statement on a potential deal with the victims on Nov. 30. In a dramatic twist of events involving a multimillion dollar hack and executives behind the blockchain protocol KyberSwap, hackers have responded with an on-chain message addressed to KyberSwap executives, token holders, and liquidity providers, claiming that will not succumb to legal “threats.” “I said I was willing to negotiate,” the hackers posted on Nov. 28. “In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. That’s ok, I don’t mind.” “Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil. You need only say the word,” they continued. “If not, we proceed as planned on Nov. 30.” The @KyberNetwork exploiter sent t...

A transition is underway in the digital asset arena as BorroeFinance ($ROE) , a developing innovation, emerges as a contending force against top crypto coins. Meanwhile, Ethereum (ETH) slid following speculations about a possible delay in approving a spot Ethereum ETF. Decentraland (MANA), on the other hand, gained upside momentum amid increasing market volatility. How is BorroeFinance ($ROE) challenging these top altcoins? Let’s find out! >>BUY $ROE TOKENS NOW<< BorroeFinance Takes The Crypto Space By Storm BorroeFinance ($ROE) is the new force causing an upheaval in the crypto space. As a dynamic innovation with remarkable prospects, investors are flocking into the BorroeFinance ecosystem, having witnessed $ROE’s presale growth.  Beyond its physical attributes, BorroeFinance ($ROE) offers institutional investors several opportunities to make money. BorroeFinance is an AI-powered funding marketplace...

Payments platform Circle is collaborating with a Japanese financial giant as the nation gears up for a full-scale introduction of stablecoins. In a new press release, Circle says that it will be partnering up with SBI Holdings as a means of introducing its stablecoin USDC and other web3 services into the Japanese market after the nation revised a law to establish regulations for dollar-pegged crypto assets. However, the partnership still needs to be approved by regulators before it can go into effect. “The companies have signed an MOU (memorandum of understanding) underpinning the work ahead, which includes SBI Group and Circle initially working towards the circulation of USDC and expanding the use of stablecoins in Japan. SBI Group and Circle have also committed to properly complying with stablecoin-related regulations, including communication with authorities. To circulate USDC stablecoins within Japan, SBI VC Trade Co., Ltd. is seeking registration as an ele...

A total of four foreign banks have integrated China’s e-CNY CBDC thus far. More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four. According to local news reports, Hong Kong-based HSBC, Hang Seng Bank and Taiwanese bank Fubon Bank have also added e-CNY integrations to their platforms. All four foreign banks will allow their clients to transfer and withdraw e-CNY. Moreover, Hang Seng Bank has allowed personal banking customers to bind debit cards within the official e-CNY app and redeem digital renminbi. They can also top up the digital renminbi wallet through the Hang Seng China Mobile Banking App. HSBC has also added similar Features for retail e-CNY use for its clients. As for Fubon Bank, it has allowed users to recharge e-CNY via mobile banking and spend the CBDC using its bank card. The firm said it would continue to explore e-CNY CBDC applica...

Members of the AI and blockchain community have shared their views on the concerns posted by the Ethereum founder; some concur, while others disagree with the points laid out by Vitalik Buterin. Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees artificial intelligence (AI) could pose to human ity has attracted many fiery responses from AI and blockchain community members. On Nov. 27, Buterin published a blog post titled “My techno-optimism,” which discussed how AI is “fundamentally different” from other inventions like guns, airplanes and social media. Furthermore, Buterin explained that it could develop a new form of “mind,” which could work against humans and become the new apex species. The blog post attracted discussions on various fronts and sparked different sentiments on X (formerly Twitter). Some voiced their agreement with the Ethereum founder, while others shared their criticisms of the post. An X account called Emergent Perspective, which focu...

In the world of cryptocurrency news, three prominent contenders have emerged, capturing the interest of both investors and enthusiasts: Dogecoin(DOGE), Uniswap (UNI), and GameStop Memes (GSM) . Each of these digital assets boasts unique attributes and potential, making this comparative article an in-depth exploration of their recent developments and the exciting possibilities they bring to the future of the cryptocurrency landscape. Dogecoin: The Beloved Meme Coin Dogecoin is the beloved meme coin that has transcended its origins as a joke to become a serious contender in the crypto space. Dogecoin has built a passionate community and a vibrant meme culture. Recently, DOGE has been making waves with intriguing price predictions. Some analysts have speculated that if it reaches a price of $16, its market cap could soar to an astonishing $2.26 trillion. To put this into perspective, that would surpass both Bitcoin and Ethereum in terms of market capitalization, although such a sc...

Axie Infinity (AXS) soars to a 175-day high with a 35% potential upside, but caution is advised below $6.70. The resurgence of Axie Classic and a new merch store fuel AXS’s bullish momentum in the crypto market. MACD signals bullish sentiment, but overbought conditions indicate a possible correction for AXS. The cryptocurrency market is witnessing a significant surge in the value of Axie Infinity (AXS), which has recently reached a 175-day high. The momentum began with a breakout from a descending resistance trend line on October 21, marking a notable shift in the digital asset’s trajectory. Since then, AXS has seen a rapid increase in value, with its price touching $7.51, the highest since early June. ​​As a result, AXS’s market capitalization and 24-hour trading volume increased by 13.47% and 548.09%, to $935,154,254 and $518,052,082, respectively. This suggests that the breakout from the descending resistance trend line has inspired confid...

The European Central Bank (ECB) President Christine Lagarde said that her son lost around 60% of his money after investing in crypto. Lagarde, a known crypto critic, disclosed that her son ignored her advice against crypto investments and ended up losing “almost all the money that he had invested.” “He ignored me royally, which is his privilege,” Lagarde said while speaking to students in Frankfurt. “So when I then had another talk with him about it, he reluctantly accepted that I was right.” Lagarde, who said the money lost wasn’t a lot, has declared an anti-crypto stance since taking over as the ECB chief, but she is currently leading its efforts towards establishing the digital euro, which entered its “preparation phase” last month. Our Governing Council has decided to move to the next phase of the digital euro project. In November 2023 we will start laying the foundation for the possible issuance of a digital euro. A ...

In the dynamic world of cryptocurrency, a seismic shift is underway as users of Kaspa (KAS) and Bitcoin Minetrix (BTCMTX) pivot their attention to the soaring presale of the new contender, Euler Network (EUL) . With an impressive $3 million raised in just 24 hours, the crypto community is abuzz with excitement. This article delves into the reasons behind this monumental leap, exploring the unique features of Euler Network that captivate the interest of crypto enthusiasts and investors alike. Kaspa: Riding the Crypto Waves In the realm of blockchain innovations, Kaspa presents a distinctive proposition with its blockDAG (Directed Acyclic Graph) architecture. The blockDAG design it employs facilitates parallel blocks and instant transaction finality, effectively tackling the speed constraints that have impeded widespread adoption in prominent networks like Bitcoin and Ethereum. Kaspa's efficient proof-of-work mechanism, known as kHeavyHash, strategically balances high hashi...

The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country. Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan. Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin the strategic expansion of USDC into Japan. Circle and SBI Holdings are joining forces to boost $USDC circulation and transform the financial landscape in Japan with $USDC and Web3 Services! This partnership signifies a major leap in digital asset innovation and a strategic expansion for $USDC in Asia. Read more about… — Circle (@circle) November 27, 2023 It comes as the Japanese government revised the Payment Services Act in June to establish regulations for stablecoins, which Circle believes will “stimulate the issuance and ci...

In the past few weeks, the cryptocurrency market has seen a resurgence of investor confidence, with major digital currencies such as Chainlink (LINK) and Bitcoin (BTC) rising in value. This uptick in the crypto market is the ideal backdrop for introducing you to an interesting and creative project that's making headlines - Slayboy Token (SLAY) . This innovative crypto venture has the potential to fly alongside Chainlink updates in the news and Bitcoin’s dominance, revolutionising the adult entertainment industry. In this article, we will look at what distinguishes Slayboy Token, its unique selling qualities, and why you should consider participating in its ongoing presale. Chainlink Updates Before we plunge into the interesting world of Slayboy, let's take a short glance at the recent cryptocurrency market happenings. According to Chainlink updates the crypto has had an incredible journey as the driving force behind Chainlink's blockchain interoperability network. LINK ...

A Hollywood director has reportedly made a 575% profit from trading the popular meme asset Dogecoin (DOGE) with funds originally reserved for a Netflix show. According to a new report by The New York Times, filmmaker Carl Erik Rinsch – who received $55 million from the marquee streaming service between 2020 and 2021 to fund the show “Conquest” – used millions of dollars of that money to invest in DOGE after disagreements with the company. The report says that soon after Rinsch received the funds, he allegedly began acting erratically and missing production milestones, prompting Netflix to believe there was no way forward with the project. As stated by Thomas Cherian, a spokesman for Netflix, to The New York Times, “After a lot of time and effort, it became clear that Mr. Rinsch was never going to complete the project he agreed to make, and so we wrote the project off.” Not only did Rinsch go on to invest in Dogecoin, he took out options bets in the stock marke...

Closely followed crypto analyst Benjamin Cowen is warning that one Ethereum (ETH) competitor may not be done correcting. In a new strategy session, Cowen tells his 788,000 YouTube subscribers that smart contract platform Cardano (ADA) may fall lower against Bitcoin (ADA/BTC) due to the Federal Reserve not yet cutting interest rates. “If you look at where it came into the year, it was around 1,600 sats (satoshis) and back then I said it’s likely going to go to 800 sats by the summer. I was laughed off crypto Twitter essentially. Then it went to 800 sats, which, back in early 2022, is where I said the best-case scenario would be. But once it got here, I was fairly convinced, and I kind of still am to some degree, that it could go lower. The reason I think it could go lower is because, again, we still haven’t reached looser monetary policy yet.” Source: Bejamin Cowen/X Cowen predicts that the Fed will likely start cutting rates around March 2024, and ri...

The blockchain company said NFTs are in their early stages and hold more potential. Ripple Labs highlighted its plans and recent strides in the tokenisation and NFT space. Ripple predicts XRPL will champion the growing tokenisation market and support various use cases. XRP enthusiast Edo Farina recently drew his X followers’ attention to a document Ripple submitted to the UK Government. The document highlights Ripple’s optimism about the future of NFTs, and boasts of its partnership with a project for carbon credit tokenisation in Africa. 𝐑𝐈𝐏𝐏𝐋𝐄 𝐀𝐍𝐃 𝐓𝐇𝐄 𝐒𝐄𝐂𝐑𝐄𝐓 𝐏𝐀𝐑𝐓𝐍𝐄𝐑𝐒𝐇𝐈𝐏 𝐖𝐈𝐓𝐇 𝐔𝐍𝐈𝐓𝐄𝐃 𝐍𝐀𝐓𝐈𝐎𝐍𝐒 In a document submitted to the UK GOVERNMENT , @Ripple writes: ''𝙒𝙚 𝙬𝙤𝙧𝙠 𝙬𝙞𝙩𝙝 𝙖 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙮 𝙧𝙪𝙣 𝙨𝙚𝙘𝙪𝙧𝙞𝙩𝙞𝙚𝙨 𝙚𝙭𝙘𝙝𝙖𝙣𝙜𝙚 𝙤𝙥𝙚𝙧𝙖𝙩𝙚𝙙… pic.twitter.com/lZj9G47upv — EDO FARINA 🅧 XRP (@edward_farina) November 23, 2023 “We work with a sustainably run securities exchang...

Avalanche (AVAX), Cronos (CRO), and Gamest Memes (GSM) have emerged as significant players in the rapidly evolving world of cryptocurrencies, each leveraging cutting-edge technology to drive innovation and foster community engagement. This article focuses on the technological advancements of these three platforms, shedding light on how they are shaping the crypto landscape. Avalanche: The Tech Powerhouse Avalanche, known as AVAX, stands out for its impressive technological advancements in the world of cryptocurrencies. AVAX has a maximum supply cap of 720 million tokens, and its unique governance model allows AVAX holders to influence the rate at which new coins are minted. Through voting, they can adjust rewards for adding new blocks, ensuring a controlled coin creation rate. Avalanche's transaction fees vary based on transaction type and network congestion. Notably, all fees are burned, making AVAX scarcer over time. This dynamic fee system, determined by user votes, e...

“I made a lot of money,” said Cramer who cleared a profit on Bitcoin despite urging investors to sell the cryptocurrency. Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency.  In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin miner CleanSpark, saying that anyone who likes Bitcoin should increase their exposure to it. “Look, if you like Bitcoin, buy Bitcoin. That has always been my view. And for a while, I liked it, and I decided that money had been made, but I was premature.” Cramer added that despite not having made perfect calls on Bitcoin previously, he’d still “made a lot of money” from his investment in it. On Dec. 5, 2022 — when Bitcoin was trading for $17,150 — Cramer urged investors to sell all their crypto investments no matter the cost, saying it was “never too late to sell an awful position.”...

London, United Kingdom, November 23rd, 2023, Chainwire Socrates is a web3 social media and entertainment platform, combining the best of Social-Fi and Game-Fi Accessible on multiple blockchains, including Polygon, Ethereum, BNB Smart Chain (BSC), Arbitrum One & Optimism Allows anyone to participate in multiple-choice question and answers, empowering people to voice honest opinions and unique perspectives Offers large rewards for simple in-app interactions, easily redeemable Socrates , a web3 social media and entertainment platform, has launched on multiple blockchains following a successful testing phase. With thousands of signups already, the revolutionary app will offer users globally the ability to earn substantial rewards by actively participating in multiple-choice Q&As, debating openly and sharing knowledge. Socrates empowers individuals to discuss any topic, including politics, sports, crypto and entertainment. Utilising an innovative and intuitive UI, users can easily ...