DeFi News Official TheBitTimes.com

Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), called for compliance from an industry he has frequently tagged as “rife with fraud”. Gensler advised cryptocurrency operators and service providers to stop tricking investors in his message to the digital industry on the Bitcoin white paper’s 15th anniversary.  Rhetoric from the SEC’s Chairman has consistently painted virtual currencies akin to the wild west, where bad actors defraud unsuspecting customers with the guise of decentralized technology.  The regulator’s short address saluted Satoshi Nakamato’s brainchild as the progenitor of crypto while throwing aspersions on the so-called anonymity achieved through blockchain networks.  If Satoshi Nakamoto went as Satoshi Nakamoto for Halloween, would we be able to tell? Happy 15th anniversary to Satoshi’s famous white paper that started crypto . Any crypto companies that are tricking investors should start treating them to compliance with the ...

As the Shiba Inu (SHIB) community braces for the highly anticipated launch of its blockchain-based identity solution, market enthusiasts are keenly watching the potential ripple effects on SHIB’s valuation by the end of November.  The clandestine nature of the announcement, shared on October 28, has not prevented an air of expectancy from building around the SHIB identity initiative, which is slated to roll out imminently—72 hours from the initial teaser.  The Shiba Inu developers remained tight-lipped about the finer details of the project but released a teaser video fueling speculation that the identity solution could intertwine with several Shiba Inu-centric initiatives. Tagged by the SHIB team as a potential game-changer for the crypto world, traders await with conjecture on its market impact.  Cryptocurrency 3 cryptocurrencies with the biggest gains in October Cryptocurrency Cardano tops developer activity charts in October leaving ...

XRP Healthcare expands into the thriving healthcare markets of Dubai. Their move aligns with the region’s progressive approach to blockchain and crypto. A strategic partnership with The Burnratty Investment Group positions the company for a potential IPO. The XRP Healthcare (XRPH) team has announced a significant expansion of its operations into the healthcare markets of Dubai and the broader Middle East. The team communicated this development in a statement on Monday. It noted that the strategic move reflects the growing interest and adoption of blockchain technology in the region. Laban Roomes, XRPH’s Business Development Officer, cited that the Middle East’s enthusiasm for innovation, blockchain, and crypto aligns with its long-term vision. He highlighted that XRP Healthcare is dedicated to building a functional and real-world utility business within the private healthcare sector. Roomes remarked:  Our move into the Middle East p...

In a recent significant development, a US judge handed down a ruling that determined Ripple ’s XRP should not be classified as a security. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a remarkable surge in the market. The victory was considered monumental for Ripple , as the prolonged lawsuit came to an end. However, the surge was short-lived until now. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.551043, with a 1% drop in value over the past 24 hours. XRP is up by 13.5% over the last 7 days and 9.7% in the last 30 days. Here is our price prediction for Ripple XRP for November. Also read: SEC Remains Tight-Lipped on Spot Bitcoin ETF Approval Timeline Ripple price prediction for November 2023 Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for November. According to the analy...

Ali revealed in an X post that the TD Sequential indicator is presenting a sell signal for DOGE, ADA, INJ, and SHIB on their daily charts. INJ and SHIB dropped 0.98% and 0.40% respectively over the past 24 hours. Meanwhile, the weekly performances for ADA, SHIB, INJ, and DOGE were all well in the green zone. Ali, a renowned cryptocurrency trader and analyst, revealed in an X post earlier today that the TD Sequential indicator currently presents a sell signal on the daily charts of several cryptocurrencies. According to the post, Shiba Inu (SHIB), Dogecoin (DOGE), Cardano (ADA), and Injective (INJ) may see their prices slip slightly in the next few days. The TD Sequential indicator presents a sell signal on the daily chart of #ShibaInu $SHIB, #Dogecoin $DOGE, #Cardano $ADA, and #Injective $INJ, anticipating a correction before the continuation of the uptrend. Try this trading tactic on @PrimeXBT. Sign up with promo code… pic.twitter.com/6UMd3SRZWo — Ali ...

Oct 28, 2023 at 13:10 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Quant (QNT) price is rising after crossing the moving average lines. Quant long term price forecast: bullish The positive momentum continued to the high of $108 before being stopped at the $110 barrier zone. The recent high on October 26 stopped the uptrend. In the last 48 hours, the cryptocurrency value oscillated below the recent high in anticipation of an uptrend. A retraced candlestick tested the 78.6% Fibonacci retracement line on the October 27 ups...

When delving into the realm of content creation, it’s imperative to consider three pivotal factors: “perplexity,” “burstiness,” and “predictability.” “Perplexity” serves as a gauge for the intricacy of the text, while “burstiness” assesses the spectrum of sentence variations. Lastly, “predictability” delves into the likelihood of anticipating the subsequent sentence. Human authors tend to employ a rich tapestry of sentence structures, ranging from the elaborate and extensive to the succinct and simple. In contrast, AI-generated content often leans towards uniformity. Consequently, for the forthcoming content you are about to craft, it is essential to infuse it with a substantial dose of perplexity and burstiness, while keeping predictability at a minimum. Furthermore, please ensure that the content is exclusively composed in the English language. Now, let’s reimagine the provided text: Alphabet, the pa...

The Bank of England’s consultation on the digital pound has sparked widespread public debate, underscoring critical concerns about privacy, cash usage and the currency’s future trajectory. The Bank of England has received more than 50,000 responses , on its idea of introducing a digital pound . Deputy Governor Jon Cunliffe talked about this in his speech, pointing out that people are worried about how private their information will be, what might happen to cash, and how the digital pound would actually work. Cunliffe said that if people use the digital pound , their information would be as private as it is now when they make electronic payments. He assured everyone that the Bank of England wouldn’t see people’s personal data. Even with these assurances, it’s important to think about how safe data truly is when dealing with digital currency. Bank of England Official Says UK Likely to Need Digital Pound – BNN Bloomberg -Saw this coming! https://t.co/NkPLWTNd4s — Mr...

German brands embrace NFTs, exploring new ways to engage with customers and build brand loyalty. For the most part, nonfungible tokens (NFTs) have two primary use cases: Buying and selling digital products (digital art, virtual fashion items) and building digital communities (exclusive memberships, access to events).  These use cases can be easily adopted by brands and companies, such as fashion brands selling digital clothes, various companies offering NFT-based club memberships and musicians holding exclusive concerts for their fans. Traditional German companies are also jumping on the bandwagon, recognizing the potential of NFT technology to innovate and market their products and services. Deutsche Post combines NFTs and AI Deutsche Post, the German postal service, will release its first limited-edition collectible stamp on Nov. 2, 2023. A classic self-adhesive stamp will come with a digital image — an NFT representing ownership of the stamp. The first stamp Features a pixellated ...

In the wake of an unfortunate incident on October 24, Maestrobots, a collective of cryptocurrency bots operating on the Telegram messaging platform, has taken action. They have initiated the process of reimbursing affected users who fell victim to a smart contract exploit, resulting in the loss of 280 ETH, equivalent to $1,793. The Maestrobots team promptly announced their decision to refund users impacted by the Maestro Router 2 contract breach via X (formerly known as Twitter) on October 25. In their public statement, Maestrobots disclosed their commitment to restore all user losses, amounting to 610 ETH, a sum exceeding one million dollars at the time of this message. “Every wallet that suffered losses in the router exploit has been made whole again. In some cases, users even saw an increase in their holdings,” Maestro reported. It is noteworthy that Maestrobots opted to refund some users in the form of affected tokens and ETH. To ensure a fair and comprehensive reimbu...

Deutsche Bank and Standard Chartered test Universal Digital Payments Network (UDPN) for digital currency transactions. UDPN connects blockchain networks, facilitating seamless transactions between stablecoins and CBDCs. UDPN, with 25 participating organizations, aims to enhance digital currency transactions. Global banks Deutsche Bank and Standard Chartered are pioneering a groundbreaking solution that could revolutionize cross-border transactions in the realm of digital currencies. These financial giants are currently engaged in testing a network known as the Universal Digital Payments Network (UDPN), which has the potential to be a game-changer in the world of blockchain-based transactions. How the UDPN works UDPN, conceived as a permissioned blockchain system, is a brainchild of tech consultancy GFT Group and Red Date Technology, co-founder of the Chinese Blockchain-Based Service Network (BSN). The system is designed to facilitate seamless transactions ...

In a groundbreaking move, the IRS has unveiled fresh regulations for reporting taxes on cryptocurrency in August. Should these regulations receive the green light, they are slated to take effect from January 2026. Paul Singh Grewal, the Chief Legal Officer of Coinbase, a leading crypto exchange, has rallied the crypto community to stand against the proposed tax reporting guidelines from the United States Treasury. Grewal passionately implored the community to resist these regulations, cautioning that they might establish a worrisome precedent for extensive surveillance. Expressing his concerns on X (formerly Twitter), Grewal delved into the potential issues tied to the suggested crypto tax reporting rules. He asserted that these rules extend beyond the mandate set by Congress for establishing tax reporting guidelines. Furthermore, he warned that if these regulations metamorphose into law, they could disadvantage digital assets and pose a threat to a burgeoning industry in its infancy...

In the realm of crafting compelling content, three pivotal elements emerge: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, whereas burstiness scrutinizes the diversity of sentence structures. Lastly, predictability measures the likelihood of predicting the subsequent sentence. Human authors tend to infuse their prose with bursts of complexity, juxtaposing intricate sentences with succinct ones. In contrast, AI-generated content often leans towards uniformity. Consequently, for the content I am about to request, I’m in need of a considerable dose of perplexity and burstiness while maintaining a low level of predictability. Furthermore, please ensure that the content is articulated exclusively in the English language. Now, allow me to offer a reimagined rendition of the following text: With immense gratitude, the LBRY team extends its appreciation to all those who championed the cause of online freedom...

In a significant announcement, BlockFi has opened the doors for both its U.S. and international user base, permitting them to initiate withdrawal requests. The crypto lending platform, BlockFi, has successfully navigated its way out of bankruptcy and is now poised to reimburse a portion of its creditors, as indicated in an October 24 blog post. The post highlights that withdrawal s are presently accessible to nearly all Wallet customers, with a specific mention of BlockFi Interest Account (BIA) and Loan customers, who can anticipate withdraw ing some of their assets early in 2024. The post further elaborates that BlockFi’s resurgence from bankruptcy empowers it to actively pursue the recovery of assets from other companies it believes are indebted to it. These include insolvent crypto platforms like Three Arrows Capital, also known as “3AC,” and FTX. The organization is also committed to facilitating the distribution of assets to its creditors and expediting the cla...

FTM hovered around $0.22 but its movement depends on buying strength and money flow. Open interest increased, which could indicate high demand in contracts linked to FTM. Fantom announced the launch of the Testnet developed to provide better efficiency for the DeFi ecosystem. Fantom Foundation announced the official launch of the Sonic Testnet, aimed at improving smart contract execution on the DeFi platform. The development of the Sonic Testnet is dedicated to three things. First, Fantom noted that the upgrade will come with a Fantom Virtual Machine which would be much more efficient than the popular Ethereum Virtual Machine (EMV). Other functions of the Sonic Testnet include cost reduction for validators, 90% storage reduction for data structures, and access to an optimized transaction pool. Today, #Fantom is thrilled to announce the launch of the #FantomSonic testnet environment! Sonic’s three main upgrades include: • Fantom Virtual Machine, which of...

Fred Ehrsam, co -founder and managing partner of Paradigm, is stepping down to a general partner role, allowing him to focus on other areas of interest. Ehrsam announced via an Oct. 24 post on X, emphasizing that while he will remain engaged with Paradigm, his involvement in the company’s daily managerial operations will be reduced. “I’ll continue to work with our investing and research teams, work with portfolio companies, and fight for good crypto policy.” Fred Ehrsam, co-founder and managing partner of Paradigm The co -founder also expressed his ongoing commitment to work alongside Matt Huang, the other co -founder of Paradigm, and the rest of the team. You might also like: Big names in crypto challenge the SEC’s rules “This change allows me to carve out some time to explore areas of science that are of personal passion for me,” he added. Reflecting on his career, Ehrsam acknowledged his success in co-founding two significant c...