Bitcoin News Daily Official TheBitTimes.com

Bankrupt crypto lender Celsius claims to have started paying its creditors up to $3 billion. According to the company’s press release, they are discussing the distribution of cryptocurrency and other assets worth $3 billion among the platform’s creditors . The payments became part of a plan to reorganize the failed crypto lender. The plan includes distributing more than $3 billion to Celsius‘ creditors and creating a new bitcoin mining company, Ionic Digital, Inc., which Celsius’ creditors will own. Hut 8 Corp will manage its mining operations. “Today, under the MiningCo Transaction, the company has commenced distributions of over $3 billion of liquid cryptocurrency and fiat to creditors . Ionic Digital was created as a new Bitcoin mining company that will continue to deliver recoveries to creditors .” Celsius’ announcement You might also like: Celsius pays over $90m to Coinbase and FalconX via unstaked Ethereum Amid the crypto...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Nexo, a digital assets company, has achieved ISO 27017 and ISO 27018 certifications . These certifications build on Nexo’s existing ISO 27001 compliance to further enhance security and privacy for client data. In a press release shared with crypto.news, the ISO 27017 and 27018 standards apply specifically to cloud computing environments.  You might also like: Bitfinex Securities launches El Salvador’s first licensed digital asset service provider As the use of cloud services grows across the crypto ecosystem, these certifications demonstrate Nexo’s commitment to protecting user data and privacy. ISO 27017 extends the information security controls from ISO 27001 to the cloud.  Meanwhile, ISO 27018 outlines privacy guidelines for personally identifiable information stored in the cloud .  Together,...

Jan 31, 2024 at 10:45 // Price Author Coin Idol Polygon (MATIC) price falls below moving average lines but moves higher. Analysis of Polygon price charts by Coinidol.com. Long-term Polygon price prediction: range It was predicted that the cryptocurrency value would rise and fully recover from its previous downturn. During the last rally, the market reached a high of $0.98 before reversing. Buyers were unable to sustain their buying momentum above the $1.00 level. The current horizontal trend is the result of the uptrend that will end on November 14, 2023. ...

In cryptocurrency trading, recognizing key signals that could trigger a massive price surge is the holy grail for traders and investors. Two tokens, Bonk (BONK) and Retik Finance (RETIK), have recently piqued the interest of a top trader who believes they are poised for a spectacular 100x move. In this article, we will dive deep into the signals that have caught the attention of this expert and explore the potential behind these tokens. The Bonk Phenomenon Bonk (BONK) is a relatively new entrant in the world of meme coins, but it has been making waves due to its unique approach and rapid rise. The top trader we're discussing sees Bonk as a standout player in the meme coin market, and here's why: 1. Solana Integration : One of the key distinguishing factors of Bonk is its integration with the Solana blockchain. Solana is known for its lightning-fast transaction speeds and scalability, making it an attractive choice for projects seeking to provide real-world utility. Bonk...

Shiba Inu (SHIB) fans and investors are waiting for the asset to delete a few zeros from its price. The popular memecoin has struggled to regain momentum after its 2021 peak and has been on a downward trajectory since. SHIB deleted a zero late last year but regained it in January. However, fans hope the token will hit new highs in the next bull run. If Shiba Inu (SHIB) reaches $0.002, you would need 500,000,000 (500 million) tokens to have one million dollars worth. The price of 500 million SHIB tokens right now is about $4665. If SHIB reaches the $0.002 target, the return on the initial investment would be massive. The rise in value would translate to a growth of about 21,336%. Also Read: Shiba Inu: Can You Become a Millionaire With SHIB in 2024? Shiba Inu (SHIB) has turned many early investors into millionaires and, in some cases, even billionaires. However, many investors believe they may have missed out on SHIB. The token’s price has fallen by over 89% from its all-t...

Victoria, Seychelles, January 30th, 2024, Chainwire Morph, the Layer 2 user-centric Blockchain, has officially launched its testnet beta and will be embarking on an exciting cooperation with Bitget Wallet, allowing Bitget Wallet users to connect to the Morph testnet on both the mobile and browser versions of Bitget Wallet, and explore Morph testnet bridge. Morph plans to launch its mainnet Beta version in the second quarter of this year, with Bitget Wallet being among the first wallets to support network integration and further development of the Morph ecosystem. From January 30th to February 15th, Bitget Wallet will be holding a Morph testnet launch event, rewarding limited edition commemorative Morphy badges to all participants on the Morph testnet as a token of recognition for their loyalty and dedication to the Morph network. Further, 500 Morphy badge holders will also be randomly selected to share in an additional 5,000 GASU airdrop from Bitget Wallet. Mor...

A closely followed crypto analyst says that altcoins could be entering into what he describes as a “hype cycle” phase to start the new year. Pseudonymous analyst Rekt Capital shares with his 392,000 followers on the social media platform X a chart suggesting that altcoins go through cycles of hype that peak roughly every three months. According to the trader, altcoin hype should rise sometime in mid-February and peak around the beginning of April. “Altcoins may slowly be preparing for a Q1 Hype Cycle Periods of lowest hype correspond to periods of lowest prices Typically, lowest hype towards Altcoins for a Q1 Hype Cycle is between January and April.” Source: Rekt Capital/X Zooming in on specific altcoins, Rekt Capital looks at Ethereum (ETH) Avalanche (AVAX). According to him, AVAX is potentially forming support near the $35 level. “AVAX Avalanche continues to successfully retest its Macro Downtrend as new support, despite whate...

A crypto currency exchange survey found that crypto currency adoption continues to increase in Europe. According to Binance Square, high yield, decentralization, and innovation are key motivators for Europeans entering the crypto currency market. In total, 10,498 people made up the sample for the poll. Participants from France, Italy, Spain, and Sweden were conducted for the survey on the Binance Survey Platform between Oct. 14 and Nov. 8, 2023. Data obtained from interviews found support for crypto overwhelmingly positive, which while might be expected from the source of the polling data, nonetheless reveals some bullish sentiment on the market. “The primary drivers for mainstream adoption in Europe are high returns, decentralization, and innovation, according to 20%, 18%, and 17% of respondents, respectively.” Binance survey The study also stated that 55% of survey participants use cryptocurrency for everyday purchases and 10% make weekly cryptocurrency payments. You mi...

YieldMax files for launching a Bitcoin Options Income Strategy ETF (YBIT). The ETF intends to seek current income and exposure to specific exchange-traded products (ETP). YBIT involves a synthetic covered call strategy ETF, distinct from the traditional covered call strategy. The financial firm YieldMax has reportedly submitted an application to the Securities and Exchange Commission (SEC) to launch a Bitcoin options income strategy ETF (YBIT) on the New York Stock Exchange. As per the Chinese reporter Colin Wu, YieldMax’s recent move involves a “synthetic covered call strategy ETF based on other spot Bitcoin ETFs.” YieldMax has submitted an application to the U.S. SEC and plans to launch a Bitcoin options income strategy ETF (YBIT) listed on the New York Stock Exchange. This ETF is a synthetic covered call strategy ETF based on other spot Bitcoin ETFs.https://t.co/jIhqwNg0zc — Wu Blockchain (@WuBlockchain) January 29, 2024 According to the registr...

Solana’s meme coin market is witnessing substantial expansion as $BONK and $MYRO solidify their positions as prominent contenders. Active community participation and capital inflows from diverse channels drive their rise. These playful tokens, known for their unconventional themes, attract notice and rapidly climb the popularity ladder. Amidst discussions about the next potential 100x gem, investors are actively searching for the next meme coin within the Solana ecosystem, exploring opportunities among low-market-cap contenders. Spoderman (Spoody) Recently gaining significant traction in a short period, Spoody has swiftly emerged as a notable meme in the cryptocurrency market. It has strategically contributed to the resurgence of meme coins, taking a distinctive approach by launching without a presale and positioning itself as an inclusive coin accessible to all. Fueled exclusively by the influential nature of memes, Spoody embodies a unique perspective within the crypto...

Jan 27, 2024 at 08:09 // Price Author Coin Idol The price of the Ripple coin (XRP) has fallen significantly and is approaching the price level of January 3. Ripple coin price Analysis by Coinidol.com. Long-term forecast for the XRP price: bearish The price of the altcoin fell sharply on January 3, with XRP reaching a low of $0.48. The bulls then bought the dips as the market resumed its uptrend. XRP regained positive momentum and rose to its previous high of $0.61. Buyers were unable to sustain the good momentum as the moving average lines and resistance at ...

The Bonk price surged more than 11% over the past 24 hours to trade at $0.00001164 as of 9:00 am EST as buyers re-enter BONK’s charts. BONK Challenged By New Solana Meme Coin The token’s rise comes as a new meme coin, HONK , is attempting to challenge BONK for Solana meme coin supremacy. During the last 24 hours, the underdog managed to outperform BONK, and registered a gain of almost 52% to trade at $0.01936.  To date, BONK has exploded by more than 10,535% since it launched on Dec. 25, 2022, so HONK still has a lot of ground to make up. Honk has so far soared 675% since its launch on Jan. 19. BONK is also currently ranked at number 86 in terms of cryptos with the biggest market caps, while HONK is down at number 2,294. The Bonk Price Breaks Above Stronger Bearish Trend Line 4-hour chart for BONK/USDT (Source: TradingView ) The Bonk price managed to break above a medium-term negative trend line on its charts in the last 8 hours. This is a major bullish developm...

The Estonian government has overruled and approved the extradition of HashFlare founders to the U.S. despite a prior block by the Tallinn court. Estonia has given the green light to extradite to the U.S. two Estonian crypto entrepreneurs behind HashFlare, a $575 million Ponzi scheme, according to a report from a local news outlet Potimees. This decision follows the Tallinn Circuit Court’s block in November 2023, where it criticized the Estonian government for failing to thoroughly investigate essential circumstances in the extradition decision involving Ivan Turogin and Sergei Potapenko. The U.S. authorities accuse them of laundering $575 million of clients’ funds for the purchase of real estate and luxury cars. You might also like: Crypto exchanges in Estonia and Lithuania allegedly helped Russians circumvent sanctions Estonia’s Ministry of Justice, after a comprehensive review, has now determined that sufficient evidence has been gathered, ensuring th...

The decision to close MINCL is due to changing business circumstances. Users holding KT Wiz Rookie Pack NFTs were advised to transfer them to external wallets. KT Corporation, a South Korean telecommunications giant, plans to close its NFT platform, MINCL, effective March 4, 2024. KT Corporation, the telecommunications giant in South Korea with assets exceeding $32 billion, has announced the imminent closure of its non-fungible token (NFT) platform, MINCL. According to the announcement, the platform will be closed effective March 4, 2024. The decision to close down the platform was attributed to changing business circumstances. MINCL has been operating under the digital transformation subsidiary KT Enterprise. Launched just two years ago in April 2022, MINCL catered to both retail and institutional users, providing a platform for creating, trading, and storing NFTs. The platform was particularly well-known for its KT Wiz Rookie Pack NFTs, which served as ...

Mt. Gox, once the world’s leading Bitcoin (BTC) exchange, suffered a cataclysmic downfall in 2014 after a massive hack led to the loss of hundreds of thousands of Bitcoin. In particular, the Mt. Gox hacker slowly siphoned out around 650,000 BTC from the crypto exchange for three years. Many of these Bitcoins were supposedly laundered on BTC-e, founded in July 2011 by Alexander Vinnik and Aleksandr Bilyuchenko. Both were convicted of crimes related to the hack. Notably, forensic analyses estimate that the Mt. Gox hacker still holds 79,957 BTC, currently worth $3.18 billion.  Mt. Gox hacker estimated balance and net worth. Source: Arkham Intelligence This puts the criminal among the 1,000 richest people in the world , according to Forbes billionaires. The Mt. Gox hacker has a net worth comparable to well-known public figures like the legendary basketball player Michael Jordan. Michael Jordan’s net worth in 2024. Source: Forbes The Mt. Gox hack Cryptocur...

Electric vehicle manufacturing giant Tesla made no mention of Bitcoin buying or selling activity in its latest earnings report this week. The lack of disclosed transactions suggests its holdings remain unchanged at 9,720 Bitcoin worth over $389 million. Tesla continues to cling to its substantial Bitcoin investment, even amid ongoing price turbulence for the largest cryptocurrency. It last reduced its holdings in Q2 2022 after liquidating 75%, or roughly $936 million worth of BTC. Prior to that, Tesla invested $1.5 billion to purchase about 43,000 Bitcoin in early 2021. The firm also briefly accepted BTC payments for EV purchases before suspending the option. Also read: 5 Cryptocurrencies Under $0.10 That Can Rally Like Shiba Inu Third-Largest Bitcoin Public Holder With no additional reduction reported, Tesla still maintains the third-largest Bitcoin portfolio of publicly traded companies behind MicroStrategy and Marathon Digital Holdings. Its current stash would amount to ...

Despite spot Bitcoin ETFs generating over $20 billion in trading volume, the crypto market faces ongoing challenges with liquidity.  The market’s liquidity, as measured by Bitcoin’s market depth, indicates that the ease and speed of executing transactions in the digital currency remain suboptimal. The current Bitcoin (BTC) depth chart indicates that there is a considerable amount of orders placed both for buying (bids) and selling (asks) Bitcoin, yet the liquidity—referring to the ability to execute large orders without impacting the price significantly—is limited around the current price level. So, the ‘Alameda gap’ impact is still visible on market liquidity. Significant entities like Jane Street Group and Jump Crypto have also scaled back their cryptocurrency trading efforts, contributing to the liquidity shortfall. BTC market depth chart | Source: Live Coin Watch You might also like: FTX saga: what happened to FTX and Sam Bankman-Fried in 2023 This...

A wallet associated with the defunct crypto lending platform Celsius deposited $30.34 million worth of Ethereum (ETH) to Coinbase on Monday, according to the crypto tracker Lookonchain. Lookonchain also notes that Celsius deposited $5.13 million worth of ETH to the crypto exchange FalconX. Celsius’ two staking wallets still hold a total of 557,081 Ethereum worth around $1.3 billion. Celsius filed for bankruptcy in July 2022 after its native token, CEL, plummeted by 99% and it was unable to fulfill withdrawals. In July, the project’s founder, Alex Machinsky, was arrested and charged with multiple counts of fraud in the US. Mashinksy is also being sued by the U.S. Securities and Exchange Commission (SEC) for similar reasons. The regulatory agency alleges Mashinksy raised billions of dollars by lying to customers and offering unregistered securities. Late last year, a judge approved a new plan from Celsius that aims to generate funds for a new mining an...

Over the weekend, Dogecoin (DOGE) witnessed a notable surge, escalating from below $0.07 per token to surpassing $0.09 within a brief period. Nevertheless, in the latest update, Dogecoin has retraced by approximately 4% in the past 24 hours. However, it can be seen stabilizing around the midpoint of this range at $0.08084. January 2024 DOGE Price Projection With the onset of the new year, enthusiasts are keen to assess Dogecoin’s future. This has prompted analysts to provide insights into what January 2024 might entail for this widely popular meme coin. Drawing upon observed price fluctuations at the commencement of 2023, experts in the industry are forecasting an average DOGE rate of $0.0838 for January 2024. The expected range for Dogecoin ’s price spans between a minimum of $0.0818 and a maximum of $0.0858 throughout the month. Changelly’s Forecast According to Changelly, a prominent platform, Dogecoin appears set for a bullish conclusion to the first m...

BIS’s 2024 Strategy Unveiled: CBDCs and Tokenization Key Focus. Project Promissa to digitize Promissory Notes using blockchain tech. Project Aurum advances CBDC privacy in retail payments with HKMA. The Bank for International Settlements (BIS) is set to make significant strides in digital currency research, emphasizing central bank digital currencies (CBDCs) and tokenization in its 2024 strategy. The BIS Innovation Hub has outlined a comprehensive program, featuring six new projects, exploring cybersecurity, financial crime, CBDCs, and green finance. Among the key initiatives are the second phase of Project Aurum and the launch of a blockchain-based tokenization project, Project Promissa. Project Promissa: revolutionizing financial instruments with tokenization Project Promissa, a collaborative effort involving BIS, the Swiss National Bank, and the World Bank, aims to usher in a new era for financial instruments. Focusing on digitizing promissory note...

Bitcoin faced renewed selling pressure this past week, dropping below the psychologically important $39,000 level. After a brief recovery attempt, BTC remains stuck in a relatively narrow trading range as investors weigh mixed signals on both crypto-specific and macroeconomic fronts.  Why did BTC plunge? A significant contributor to Bitcoin’s latest slide appears to be capital outflows from bitcoin-backed exchange-traded funds (ETFs). The Grayscale Bitcoin Trust, the world’s largest bitcoin fund, saw investors pull $640 million on Monday alone, bringing total outflows so far this year to $3.45 billion. Industry observers like James Seyffart attribute the ETF exodus to dissipating hype from new product launches last year combined with eroded confidence in crypto markets amid recent scandals. With demand wavering, persistent selling pressure sinks BTC’s valuation. Source: CoinMarketCap Other analysts simply reiterate that Bitcoin remains exceptionally volatile. Jim Crame...