DeFi News Official TheBitTimes.com

The next BRICS summit will be held in South Africa in August and the bloc of five nations will decide on expanding the alliance. It is reported that the BRICS expansion could occur in August making the alliance rebrand itself as BRICS+. Among the 25 countries that have applied to join the BRICS alliance, five could be allowed entry into the bloc. Their entry into the group is almost certain and the announcement of the expansion could be made at the summit. Also Read: BRICS: Saudi Arabia, Iran & Brazil Pay in Chinese Yuan, Ditch U.S. Dollar BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The group is looking to take on the U.S. dollar by launching a new currency for global trade. BRICS: 5 New Countries To Join the Alliance in August Source: pakistantoday.com.pk Out of the 25 countries that formally sent their applications to join BRICS, only five could be inducted in August. The five countries likely to join the BRICS alliance are Saudi Arabia, the United Ara

The community that governs Lido is currently voting on whether or not it should stake all of the ether in its treasury in its own protocol.  The purpose of the proposal will be to create productive assets in Lido’s treasury that can offset operating costs. Based on current yield prices — around 4-6% a year — it is estimated that the Lido protocol will earn an extra $2 million annually if they stake their current 20,000 supply of ether (ETH).  Lido’s treasury management committee members have all voted to support the proposal. “Great option to generate some yield with Lido’s treasury without incurring unnecessary risks,” a committee member who goes by the pseudonym marcbcs wrote. The main phase of voting has already begun, with almost 100% of members voting in favor of the proposal at the time of publication. An objection phase will follow the main phase of voting and will close on June 30 at 1:47 pm ET.  Although unlikely, the main concern around staking all its treasury ’s ET

FTX token (FTT) has seen an increase in price for five days in a row as the discussion around the relaunch of the now-defunct FTX derivatives platform has taken the spotlight. At the time of publishing, FTT was trading at $1.71 — a 21% growth over the past 24 hours, CoinMarketCap data shows. FTT 1-day chart | Source: CMC Increasing optimism on FTX2.0  Following the rumors about the exchange relaunch , many investors now believe that FTT is trading at a discount. Any prospective reboot of the exchange has stirred up a fresh flood of capital into the digital currency. The current management of the trading platform is exerting significant effort to guarantee the restart. The company’s chief executive officer, John Ray III, intends to win back consumers’ confidence by improving the effectiveness of service delivery, rebranding products, strengthening security measures, and increasing responsibility for all prospective clients, according to The Wall Street Journal. To pique the p

In a startling revelation, Group-IB, a leading cybersecurity firm based in Singapore, has identified over 100,000 devices infected with stealer malware that contain saved ChatGPT credentials. These compromised credentials have been found within the logs of info-stealing malware traded on illicit dark web marketplaces over the past year. The number of logs containing compromised ChatGPT accounts reached a peak of 26,802 in May 2023. The Asia-Pacific region has seen the highest concentration of ChatGPT credentials being offered for sale over the past year. ChatGPT, an AI-powered chatbot developed by OpenAI, has become increasingly popular among employees across various industries. It is used to optimize work, from software development to business communications. By default, ChatGPT stores the history of user queries and AI responses, which, if accessed unauthorizedly, could expose confidential or sensitive information. This information can be exploited for targeted attacks again

The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users. Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partner ship to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.  According to a press release shared with Cointelegraph, USDP will be available to all MercadoPago customers throughout Mexico. While the company is based in the United States — with offices in New York, London and Singapore — more than 60% of its active wallets support customers throughout Latin America. Mexico currently boasts a 9.3% penetration rate for cryptocurrency use, with more than 12 million users, per a report from Statista. By 2027, analysts estimate more than 20 million people in Mexico will hold crypto, bring ing the total penetration to 14.6%. The introduction of USDP to the MercadoPago payment ecosystem adds stablecoin access to the service’s options in Mexico, a feature that could provide m

On Tuesday, ConsenSys published a survey in partnership with YouGov, focusing on crypto and Web3. The survey findings suggest a contrast between countries with developed economies and those with emerging economies. The survey polled over 15,000 people aged 18 to 65 in late April through May of this year. The respondents were also spread out among 15 different nations across Africa, the Americas, Asia and Europe.  A healthy supermajority, 92%, were aware of crypto, but that’s where the similarities ended.  Respondents from developing nations were generally more optimistic on crypto, while developed nations were decidedly more skeptical.  Nigerians were quite keen on owning crypto as a store of value, with 65% of Nigerians feeling this way.  For crypto investors in the US, Germany and the UK, the reasons for owning digital currencies were a bit different.  Americans, Germans and Brits all said one of their top reasons for investing in crypto was because they were “curious” and

The company expects to raise another $20-$30 million when the full round closes in the coming months. Game publisher Mythical Games has secured $37 million in Series C1 funding, with plans to launch a new marketplace and pursue other revenue-generating initiatives. With this funding, Mythical will continue to hold the unicorn status with a valuation of over $1 billion. “Our focus is optimizing our business to get to profitability by year's end, and the funds will primarily be used in our efforts to achieve that," told John Linden, co-founder and CEO of Mythical Games speaking to Cointelegraph. The round was led by Scytale Digital with ARK Invest, Animoca Brands, MoonPay, PROOF VC, and Stanford Athletics, alongside previous investors Andresseen Horowitz, WestCap, Gaingels, Signum Growth, and Struck Capital. Mythical expects an additional $20-$30 million raise in the coming months, when the full round is expected to close. The publisher plans to release in a few months its n

Join Our Telegram channel to stay up to date on breaking news coverage San Francisco-based crypto firm Ripple is planning to expand into Brazil. A recent interview with the Head of Global Banking at Ripple, Marjan Delatinne, suggests that the company’s international payments corridor network could be making a debut in Brazil. What does the Ripple plan? Delatinne appeared on the Future of Finance YouTube channel recently and highlighted the company’s interest in establishing itself more firmly in the Brazilian market. Discussing the On-Demand Liquidity (ODL) from Ripple, Delatinne said that they are looking to expand their services into “exotic corridors” like Brazil and the Philippines, “where you don’t necessarily want to keep liquidity and you want to really move funds when you need it.” Ripple is already being used in Brazil by prominent firms like Santander, Banco Redimento, and Bradesco. They are using RippleNet, a blockchain-based financial services network that helps

HSBC is allowing its customers in Hong Kong to buy and sell Bitcoin and Ethereum ETFs. HSBC has become the first bank in Hong to enable crypto trading for its customers. The bank also launched the Virtual Asset Investor Education Centre to educate customers about crypto investing. London-based HSBC has become the first bank in Hong Kong to enable crypto investment for its customers. As the largest bank in Hong Kong, HSBC is now allowing its customers to buy and sell Bitcoin and Ethereum exchange-traded funds (ETFs). The move aims to expand the exposure of Hong Kong customers to crypto products. Crypto reporter Colin Wu took to Twitter earlier today to report the latest development in HSBC’s Hong Kong operations. The bank will allow its customers to invest in crypto ETFs listed on the Hong Kong Exchange (HKEX). The local exchange currently offers three crypto ETFs, namely the Samsung Bitcoin Futures Active ETF, the CSOP Bitcoin Futures ETF, and the CSOP Ethere

The ShibBurn is the only third-party application that is constantly burning millions of Shiba Inu tokens every day since its launch. ShibBurn removes nearly 1.5 million tokens each day from circulation through its initiatives. However, Elon Musk’s Twitter unexpectedly suspended the ShibBurn application on its platform making the bot unable to send ‘burn’ information. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire for Less Than $10 The app has remained operational since 2021 on Twitter and the handle confirmed that it did not violate any terms and policies. The ShibBurn handle mentioned that they remained well within the community guidelines and the suspension came as a shocker. “Our app has been active on Twitter for the past two years without any issues or violations of the platform’s rules. We have always strived to comply with Twitter’s guidelines and maintain a positive presence,” the tweet read. Dear @TwitterSupport, @TwitterDev, @elonmusk, @lindayacc Our Twitter app

A pair of firms operating under the Maker ecosystem has moved to settle for $1.16 million with investors who sought compensation for financial losses suffered after the “Black Thursday” COVID crash in March 2020. Plaintiff Peter Johnson lodged the class action lawsuit one month after the collapse. The case was filed for numerous investors who claimed the Maker Foundation and related entities intentionally misrepresented the risks of collateralized debt positions (CDPs) on the platform, leading to losses totaling $8.3 million.  Maker’s CDPs (or vaults) allow users to take out overcollateralized DAI loans using crypto such as ether (ETH), but those assets can be liquidated if the value of their collateral slips below a certain point. Johnson said he experienced such losses when ETH tanked up to 45% around Mar. 12, 2020 — a day dubbed “Black Thursday” — dropping from $200 to $110. MakerDAO’s native token MKR sank about 60% at the same time, while the total crypto market lost near

Decentralized cryptocurrency exchange Uniswap has lifted the curtain on its protocol’s fourth iteration.  Uniswap Labs, the team behind the protocol, has released a draft code, looking for community contributions to build out Uniswap v4. Like Uniswap v3, the latest version of the protocol will be under business source license 1.1, meaning its code can not be forked or copied for commercial use over the next four years, with it then converting to a GPL license.  Exceptions must be approved by Uniswap Governance, voters using UNI tokens, that oversees the protocol, or be granted special exceptions by developers at Uniswap Labs. Creating custom pools through “hooks” Uniswap v4 code will be entirely open-sourced and introduce what the team calls “hooks.”  In an interview with Blockworks, Sara Reynolds, protocol engineer at Uniswap Labs, said hooks are smart contracts that can be plugged into different pools. “They are able to interact and build on top of these custom pools,” Reynol

PEPE Maintains Its Bullish Trend as It Ascends to Its Previous High of $0.0000045000 – June 23, 2023 Pepe has resumed its bullish trend, with buyers keeping the price above the moving average lines as it ascends to its previous high of $0.0000045000. Above the moving average lines, the price movement will be accelerated. The cryptocurrency asset is expected to ascend to its previous high of $0.0000045000. However, as the market reaches overbought territory, PEPE/USD may encounter resistance near the recent high. Pepe Price Statistics Data: •Pepe price now – $0,000001646 •Pepe market cap –$645M •Pepe circulating supply – 391,790,000,000,000 PEPE •Pepe total supply – $692,394,259 •Pepe Coinmarketcap ranking – #65 Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000 Support Levels : $0.0000011000, $0.0000010000, $0.0000009000 PEPE/USD has moved to a bullish trend zone. As buyers sustain the price above the moving average lines, the crypto asset has exited the downtrend zone

Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens have exploded in popularity in recent weeks as creators and collectors adopt the new tech to verify ownership and authenticity of digital assets. The NFT market continues to grow, attracting collectors to invest millions of dollars worth of NFTs on various platforms. In the coming weeks, most non-fungible token projects are anticipated to launch crypto initiatives, while some make huge announcements. These bullish sentiments will also attract more hackers and scammers. Below we will list three quick security tips that will keep you safe: 1. No Stealth Mints Surprise mint is one of the easiest ways to identify a promoted form of scam or a hack in any project. None of the projects, neither Azuki nor DeGods, y00ts, Captainz, Mutant Ape Yacht Club, Bored Ape Yacht Club, nor any other renowned project, will ever have a surprising mint. Last month, hackers exploited Yuga Labs CEO “Daniel Ale

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. Also read: How to Unwrap Ethereum? With numerous users getting their hands on Dogecoin, a question arises about how high DOGE can go in mid-June 2023. Before we dive into our Dogecoin price prediction for June, let us take a brief look at Dogecoin’s history. A brief history of Dogecoin Developed in 2013 by Billy Markus as a lighthearted joke based on the “doge” meme, Dogecoin Features a Shiba Inu dog as its logo

A crypto analyst predicted in a tweet that BTC will target $36,000 or even $40,000 soon. In a separate tweet, a crypto CEO revealed that he believes there will be much fewer dips in BTC’s price due to “hyperbitcoinization”. At press time, BTC was trading above $30k, and technicals suggested that its price would continue to rise in the next 24 hours. Yesterday, a crypto analyst shared on Twitter that he believes the price of Bitcoin (BTC) could climb towards $36,000 – $40,000 following the market leader’s latest recovery. This analyst saw this move coming as early as December of 2022. Meanwhile, in a separate tweet, a CEO of multiple crypto projects, Samson Mow, also shared his own thoughts regarding the future of BTC. Mow predicted in his tweet the price of BTC might experience fewer dips in the future due to “hyperbitcoinization,” which will bring billions of people onto a Bitcoin Standard.  Throughout the past day, the price of BTC saw a more than 4% pr

Polygon Copilot Caters to All User Levels The beta launch was announced on Twitter earlier today by Polygon Labs. Polygon Copilot, as it is referred to, is an AI-powered guide trained on all public Polygon (MATIC) documentation and general Web3.0 content. With all of this information, it is able to offer important insights, analytics, and guidance across different aspects of the ecosystem.  advertisement It is specifically powered by Layer-E, a start-up focused on Web3 content monetization and OpenAI ChatGPT which was released a couple of months ago. Users can get information across several domains like Non-Fungible Tokens (NFTs), Decentralized Applications (DApps), gaming, Decentralized Finance (DeFi), and social networks via this tool, especially during an onboarding process.  It is designed in such a way that makes it easier for users to navigate whether they are serious builders, an enthusiast, or just a curious user. Also, it can effectively cater for the