Analysis News TheBitTimes.com

Doodles, the digital asset firm and the team behind the popular blue-chip non-fungible token collection, Doodles, has partnered with the luxury watch brand G-shock to launch an NFT-inspired watch collection. The bullish news has pushed Doodles NFT sales volume up 62% from the previous day. Doodles Set To Launch An NFT-Inspired Watch Collection In a February 01 blog post, Doodles confirmed its plans to launch a non-fungible token-inspired watch collection in partnership with G-Shock. G-Shock watches are a line of luxury watches manufactured by the Japanese electronics company Casio and designed to resist mechanical stress. The physical x digital NFT collection will launch in the coming week. something is coming 👽 doodles x @gshock_us collab dropping soon 🛸✨ pic.twitter.com/qcDz328OQ7 — doodles (@doodles) January 31, 2024 Launched in October 2021, Doodles is an NFT collection featuring a limited edition of 10,000 generative NFTs created by Evan Keast,...

On-chain sleuth ZachXBT noted 213 million XRP tokens moved through almost a dozen addresses to centralized exchanges in an apparent Ripple hack. The XRP tokens worth roughly $112.5 million started moving on Jan. 30 before being laundered on platforms like Binance, Gate, HTX, HitBTC, Kraken, and OKX, according to ZachXBT’s investigation.  Shortly after ZachXBT reported the incident, Ripple co -founder and executive chairman Chris Larsen said there was unauthorized access to some of his personal XRP accounts.  Larsen stressed that the tokens were not controlled by Ripple as a company, adding that exchanges and law enforcement had been informed about what may be a hack. Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. https://t.co/T3HtKSlzLg — Chris Larsen (@chrislarsensf) January 31, 2024 You ...

Saudi Arabia will not be attending the ongoing BRICS Sherpas meeting which is scheduled from January 30 to February 1, 2024. Russia is hosting the BRICS Sherpas meeting and delegates from nine countries are attending the event, except Saudi Arabia. Delegates from BRICS countries Brazil, Russia, India, China, South Africa, the UAE, Egypt, Iran, and Ethiopia are present, while Saudi Arabia has given the Sherpas meeting a miss. Read here to know why Saudi Arabia plans to reject BRICS membership in the coming weeks. The Kingdom does not want to risk alienating the West after it recently decided to open its borders to tourism. Also Read: BRICS: UAE Pays China With New Digital Dirham, Ditches US Dollar Why Saudi Arabia Declined BRICS Sherpas Meeting? Source: (Bandar Aljaloud / Saudi Royal Palace via AP) Russia’s Deputy Foreign Minister Sergey Ryabkov said on Tuesday that Saudi Arabia will not attend the BRICS Sherpas meeting due to “technical issues”. The Mini...

The Render Token price prediction shows that RNDR may continue an upward trend if the market moves near the upper boundary of the channel. Render Token (RNDR) Price Gains Momentum Today, Render Token (RNDR) experienced a significant increase, currently trading at approximately $4.5, marking a gain of over 10% at the time of writing. This surge suggests RNDR is breaking free from a consolidation phase, in line with predictions indicating a forthcoming test of the $5.0 level. A crypto analyst highlights multiple technical indicators on the daily chart signaling a shift towards bullish momentum for RNDR. Render Token Prediction Statistics Data: Render Token price now – $4.71 Render Token market cap – $1.77 billion Render Token circulating supply – 376 million Render Token total supply – 531 million Render Token Coinmarketcap ranking – #36 RNDR/USD Market Key Levels: Resistance levels: $6.0, $6.5, $7.0 Support levels: $3.0, $2.5, $2.0 RNDRUSD ...

A record-breaking 50,000 bitcoin worth over $2 billion has been seized by German authorities following an investigation into a movie piracy site, police announced today.  The investigation, headed by multiple German authorities, focused on two men who allegedly ran “pirated copy portals” under the name Movie2K until mid-2013 and used the profits to buy bitcoin. The 50,000 Bitcoin confiscated earlier this month, is said to be the biggest seizure of its kind to date. According to authorities, the suspects voluntarily handed over the Bitcoin to wallets that are controlled by Germany ’s Federal Criminal Police Office.  In pursuing the case, German authorities received help from the FBI and a Munich-based forensic IT firm . Silk Road seller linked to 8,100 bitcoin seizure pleads guilty Read more: Chinese takeaway worker laundered Bitcoin from $6B scam, prosecutors German police say they are yet to decide what to do with the Bitcoin and that there are currently no charges a...

Invesco and Galaxy Digital have announced fee reductions for their spot Bitcoin (BTC) ETF (BTCO). According to filings with the U.S. Securities and Exchange Commission, the fee is reduced by 14 basis points, from 0.39% to 0.25%. Invesco and Galaxy Digital note that their product exempts clients from commission s for the first six months on assets of up to $5 billion. At the same time, the companies retain the right to extend preferential conditions for investors. The updated rate will improve the position of the Invesco and Galaxy Digital cryptocurrency ETFs in terms of competition , says Bloomberg Intelligence analyst James Seyffart. We have @InvescoUS & @galaxyhq cutting the long term fee on their #Bitcoin ETF from 39 bps to 25 bps. (Yes they have the fee waiver to 0% for first 6 months or $5 billion in assets). Story from @emily_graffeo & @kgreifeld pic.twitter.com/Erk2NU9kVF — James Seyffart (@JSeyff) January 29, 2024 Most investment products from other compan...

Ripple Labs recently transfer red a substantial amount of its cryptocurrency, with a total of 27.7 million XRP, valued at roughly $14.4 million , to Bitstamp.  According to the data from Whale Alert, the transfer originated from a wallet not immediately identifiable. However, Bithomb Explorer’s deeper Analysis indicated that the wallet is linked to Ripple Labs, with a transaction history dating back to February 2022. This wallet has demonstrated consistent outflows, suggesting it’s a primary channel for Ripple Labs to manage its financial assets. 27,700,000 #XRP (14,482,315 USD) transfer red from unknown wallet to #Bitstamphttps://t.co/JmHPN5e6CS — Whale Alert (@whale_alert) January 28, 2024 You might also like: Tether minted another $1b USDT on Tron, here’s why Such large-scale transfer s are not unusual for Ripple Labs, particularly in light of its monthly escrow releases. The monthly escrow is in place to create certainty of XRP supply at any give...

Skybridge Capital founder Anthony Scaramucci predicts that Bitcoin might surge to $170,000 after the halving event in April. “Go back and look at Bitcoin halving cycles,” Scaramucci said i n an interview with crypto influencer Scott Melker. “ The day that Bitcoin halves, multiply it by four 18 months later and it’s been uncanny that that’s been the price of Bitcoin.” The hedge fund veteran said that BTC skyrocketing to as high as $170,000 following the upcoming halving in April would not be out of the ordinary, based on historical patterns, and his prediction is based on a conservative forecast for the Bitcoin price of $35,000 in April.   Anthony Scaramucci Says BTC Might Even Hit $240,000 Scaramucci did not rule out the possibility of the king of crypto trading at a much higher price after the halving event. If BTC reaches $50,000 in April, it could soar to $200,000. If the market leader’s price hits $60,000 come the halving ev...

Analysts have deliberated on the anticipated crypto bull run in 2024, indicating a potential inclination toward altcoins. While acknowledging the possibility of Bitcoin seeing substantial price increases, experts are optimistic that 2024 offers more favorable conditions for the altcoin market. This article analyses the strategies employed by some prospective coins, outlining the distinct factors driving the growth of these tokens. Next Cryptocurrency To Explode Prominent tokens and the reason behind their significant shift are carefully examined in this article. Sponge V2, for instance, has witnessed considerable expansion, boasting an impressive stake of over 6 billion tokens. In a parallel development, Telos recently inaugurated the Telos Community Hub, while Bitget Token adopted advanced Multi-Party Computation (MPC) technology to enhance wallet functionality. 1. Bitget Token (BGB) Bitget has reinforced its commitment to user security by implementing advanced Multi-Party Computa...

Jan 27, 2024 at 20:26 // Price Author Coin Idol The price of Shiba Inu (SHIB) has fallen below the moving average lines but is holding above the $0.00000833 support. Coinidol.com bringing the latest price Analysis of SHIB coin. Long-term forecast for the Shiba Inu price: bearish The cryptocurrency has ended its downtrend above the current support. The existing support has been maintained since January 3, 2024. The four candlestick tails signal significant buying pressure near the $0.00000833 support. SHIB is now trading sideways after the decline ended...

Ripple hires a Senior Manager for Business Development in New York, with a key role related to ETFs. Eleanor Terrett hints at the potential launch of a Spot XRP ETF if XRP attains a Futures ETF. The reporter cites that the Spot Bitcoin ETF launch was mainly driven by the Bitcoin Futures ETF. Recent reports unveiled that Ripple is hiring a Senior Manager for Business Development in New York, with a key responsibility related to ETFs. Responding to the announcement, Fox Business reporter Eleanor Terrett hinted at a potential XRP ETF launch, with the expert hiring as an initial step. In order to have an $XRP spot ETF, there will first need to be a futures ETF. Part of getting the $BTC spot ETFs approved was the @SECGov concluding that the CME bitcoin futures market would suffice to provide surveillance for fraud and manipulation. If $XRP gets a futures ETF… https://t.co/MPFVSherXK — Eleanor Terrett (@EleanorTerrett) January 27, 2024 On January 27, a p...

The Solana price has climbed 2.9% in the last 24 hours to trade at $91.79 as of 6:29 a.m. EST on trading volume that dropped 5.7% to $1.9 billion. The upswing comes as BitMEX co-founder Arthur Hayes expresses his intention to “load up” on Solana (SOL) .  This decision is prompted by his prediction of a mini-financial crisis and increased inflation, factors that he believes could lead to a potential drop in the price of Bitcoin to as low as $30,000. Hayes said he’ll start loading up on SOL and Dogwifhat (WIF) once Bitcoin drops below $35,000. The Solana Price Bulls Poised To Break Above The Bullish Pennant SOLUSD Chart Analysis. Source: Tradingview.com Solana’s recent journey in the market has been marked by a slow and steady upward trend, successfully breaking through the resistance barrier at $126.10 after consolidation.  However, this positive momentum was interrupted by a retracement, forming a bullish pennant, which signals a potential conti...

Jan 26, 2024 at 06:08 // Price Author Coin Idol The price of Bitcoin (BTC) has fallen below the moving average lines but remains above the support level of $38,600. Long-term forecast for the Bitcoin price: bearish Since January 11, the price of the cryptocurrency has shown a pattern of lower highs and lower lows. On January 22, the bears broke through the psychological price mark of $40,000, sending Bitcoin to a low of $39,452. The cryptocurrency fell further to a low of $38,572, but the bulls bought the dips. The BTC price has corrected upwards and is conso...

The SEC’s nod to Bitcoin ETFs offers a new financial avenue against the backdrop of soaring U.S. national debt. The recent approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) marks a pivotal moment for cryptocurrencies in the United States. Avik, an analyst for Forbes, articulates that Americans can now purchase Bitcoin as a hedge against a potentially weakening U.S. dollar, which is under strain from the escalating federal debt. The SEC’s decision ensures the longevity of this alternative financial instrument. According to @truflation. US year on year inflation is now sub 2%. Sitting at 1.89%. While the US Govt is reporting 3.4%. Perfect timing for an election year, $8T of debt refinancing and the #Bitcoin halving. Expect to see “shocking” lower numbers into Q2 leading to a rapid… pic.twitter.com/laIIGL3RtE — British HODL ️‍️‍ (@BritishHodl) January 20, 2024 Forbes elaborates on this perspective, explaining that the SEC’s approval ma...

A Cheeky Crypto host has highlighted various Cardano features that make him bullish on the cryptocurrency. According to the host, Cardano’s numerous qualities differentiate it from competitors. The host explained that Cardano’s design was built from the ground up, utilizing evidence-based methods. A Cheeky Crypto YouTube channel host has highlighted various Cardano Features that make him bullish on the blockchain and its native token, ADA. According to the host, Cardano’s numerous qualities differentiate it from competitors, especially its dependence on its academic sector.  The host noted in an uploaded video that Cardano’s design was built from the ground up, utilizing evidence-based methods grounded in scientific philosophy and academic theory. He explained that the Cardano team seeks to restore trust in the global autonomy system by integrating its technologies. He further noted that the platform introduces a more secure, transparent, and sustainab...

SEC delays decision on BlackRock’s spot Ethereum ETF application, extending the deadline to March 10. Analysts, including Bloomberg’s James Seyffart, predict sporadic delays until late May, with a final decision on May 23. Issuers are monitoring SEC staff signals for willingness to engage on Ethereum ETF applications, similar to spot Bitcoin ETFs. The introduction of spot Ethereum exchange-traded funds (ETFs) seems to be taking time, as the Securities and Exchange Commission (SEC) has delayed its decision on BlackRock’s application. This further postpones the potential for wider investor access to the world’s second-largest cryptocurrency. The SEC, in a recent filing, cited the need for “sufficient time to consider” the proposal and the surrounding issues, extending the deadline for a decision to March 10. This follows a similar delay for Fidelity‘s Spot Ethereum ETF application, with a decision now expected by March 5...

Solana is elevating its token functionality, providing developers with enhanced control by implementing customizable token ownership and usage rules.  This development is the result of the Solana (SOL) Foundation’s recent announcement about the activation of “token extensions” on Solana’s SPL token standard, a project that has been in the works for over a year, previously known as Token-2022. The key objective of these token extensions is to bolster compliance capabilities for entities creating tokens on the Solana network. The Solana Foundation highlights that these extensions enable businesses to embed specific functionalities directly into their tokens. Features such as whitelisting, automatic transaction fees, and confidential transfer mechanisms are now possible, marking a significant upgrade from previous capabilities. 1/ The future of tokenization is now: Introducing token extensions, ready-to-use advanced token functionality on Solana.https://t.co/zN...