NFT News Daily Offcial TheBitTimes.com

The chief selling point of layer-2 blockchains built atop Ethereum — aside from increased throughput — is security. Ideally, it should be faster and cheaper to interact with L-2s, but also as safe to transact as using Ethereum.  Unsurprisingly, in practice it’s complicated and not always black and white. “Security,” in this context, refers to the settlement guarantees on Ethereum mainnet. That translates to how certain a user can be that their L-2 transactions will be finalized correctly — without censorship — and whether assets remain safe from being stolen by the more performant layer-2 . We’re not talking security from smart contract bugs at the level of applications (it’s not about avoiding exploits or rugpulls), but whether the Ethereum Virtual Machine runs the code and reconciles its state per specifications. There’s not a universally accepted definition of what it means to be “secured by Ethereum.” According to Louis Guthmann, ecosystem lead at StarkWare, a key feature of a...

Join Our Telegram channel to stay up to date on breaking news coverage Chimpzee, a green initiative ready to bring the crypto world never-before-seen Features , has raised a whopping $650k in its CHMPZ token presale. The Chimpzee presale has already attracted the attention of investors and crypto enthusiasts from all over the globe. This enthusiasm is mostly due to the chance to earn an outstanding bonus of up to 300% during the presale period. The token has been quickly sold due to the bonus structure’s appeal. The Chimpzee Alters People’s Approaches to Environmental and Animal Protection It is common to find a lot of cryptocurrencies in the blockchain sector being environmentally conscious or having amazing eco-friendly characteristics. Since Ethereum switched to an energy-efficient consensus, there has been a rise in eco-friendly cryptocurrencies. These cryptos have benefitted numerous people and organizations in their efforts to prevent climate change. On the...

Coinbase Motion Has Teeth Commenting directly on the announcement of the motion as shared by Paul Grewal, the Coinbase Chief Legal Officer, John Deaton noted that the exchange’s argument “has teeth.” advertisement He laid down 6 cogent points to buttress his point with the first being that the US Congress has initiated the process of legislation for the industry. He believes this stance of the regulator is a showcase that the lawmakers are ready to address the core issues raised. Additionally, Deaton cited the regulatory gap argument that was publicized through the Hinman emails which also gives the trading platform a better defense. I believe @ Coinbase ’s Motion to Dismiss, based on the Major Questions Doctrine, has real teeth. I’m not saying that it will be granted for sure, I’m just saying it’s not your garden variety motion to dismiss where denial can easily be predicted. The motion has teeth because of… ht...

Join Our Telegram channel to stay up to date on breaking news coverage Ransomware attacks have been one of the most significant issues facing crypto investors and tech companies.  There has been an explosion in the number of both high and low-profile ransomware cases over the years. However, an initiative is also working to take back power from these attackers. Good News for Individuals and Companies This week marked the fourth anniversary of the No More Ransom decryption tool repository, an initiative launched by Europol to combat ransomware attacks across countries. According to a press release by the law enforcement agency, the initiative has formed partnerships with several partners and has made significant strides in reducing the financial losses to ransomware.  Europol’s press release confirmed that the repository had gotten tracking and security tools from over 160 partners. Over 4.2 million ransomware victims from 188 countries have used it to save themselves up to $6...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin’s price saw a sudden spike up on Tuesday, June 27th, which took it all the way up to $31k. This was the third instance of the price trying to breach the $31,000 resistance in the past seven days. The first attempt took place on June 23rd, and it was the only successful one, although the price soon corrected. On June 27th, however, the price stopped its surge just short of the resistance, leading to a correction that trapped it between a support at $30,450 and a resistance at $30,750 for the rest of the day. With the start of June 28th, the price broke the support and spiraled down to $30.2k, from where it started to ascend once again. The new price increase took the coin’s value to $30,350, which is where it sits at the time of writing. Looking at the current situation, the experts believe that the coin might sink back to $28k if it fails to breach the $31.4k level. After the drop, they...

In a stride towards diversification, NFT marketplace Magic Eden has recently divulged its initiative to assimilate BRC-20 token functionality within its open-source secondary marketplace and creator launchpad. The NFT trading platform, Magic Eden, has disclosed its intention to embed BRC-20 token operations into its public-source auxiliary marketplace and originator launchpad, as reported by nft now. This unveiling arrives just eight weeks after the debut of the launchpad for Bitcoin Ordinals, a trailblazing protocol that enables NFT exchange on the bitcoin blockchain. And here… we… GO! 🪄🟧🟧🟧 BRC-20 will be coming to Magic Eden's platform today. Notifications ON for go live details. pic.twitter.com/qZMOxotYfI — Magic Eden on Bitcoin 🟧 (@MEonBTC) June 27, 2023 The impending enhancement, targeted to be operational at 8:00 pm ET on June 27, empowers users to accumulate BRC-20 projects directly. In addition, it gifts creators with the proficiency to initiat...

Join Our Telegram channel to stay up to date on breaking news coverage BCH Price Prediction – April 28 The daily chart reveals that the Bitcoin Cash (BCH) retreats to test $235 support ahead of the breakout to $250. BCH/USD Market Key Levels: Resistance levels: $280, $300, $320 Support levels: $200, $180, $160 BCHUSD – Daily Chart Despite maintaining a bullish movement for the past few days, it looks like BCH/USD is looking to slow down and settle around the $240 level. The market broke down today, touching its lowest daily level at $235.56. The current performance of the coin in the market is below the normal expectations of traders and the coin could soon recover from this downtrend. Meanwhile, BCH/USD is currently trading at $240; the daily chart shows that the coin is trading above the 9-day and 21-day moving averages within the ascending channel. At the time of writing, the market price faces down and issuing a sell signal as the RSI (14) moves below the 53-leve...

Join Our Telegram channel to stay up to date on breaking news coverage The hottest topic of the year that has proven highly profitable for traders, Wall Street Memes, has raised a whopping $10.7 million in its WSM presale. Within the cryptocurrency community, there has been a lot of excitement surrounding the Wall Street Memes presale. Wall Street Memes Keep Disrupting the Crypto Community With origins in the GameStop saga and the Wall Street Bets movement, Wall Street Memes is a platform or community that has recently arisen. It deftly integrates components of financial culture, meme-based humor, and online culture. Wall Street Memes’ main goal is to satirically critique and make fun of the conventional financial system while simultaneously giving people the chance to invest in cryptocurrencies, with an emphasis on meme coins. Wall Street Memes essentially tokenizes this movement by launching the WSM token, a cryptocurrency that it has created. The token was created b...

The crypto world is abuzz with excitement as the TWEETY project makes its mark with a highly successful fair launch. The project raised an impressive sum of around 122 ETH. This meme coin-inspired venture has captured the attention and support of investors worldwide, positioning itself as an investor’s dream. With ambitious plans and a growing community, the project is set to reshape the industry and leave a lasting impact. Read on to discover why Tweety stands out as a crypto game-changer. Tweety Fairlaunch Achieves Remarkable Success The Tweety Fairlaunch, which took place on June 24, concluded with resounding success, raising an impressive sum of around 122 Ether. The project garnered significant attention and backing from the community, with 399 contributors joining the endeavor. This milestone is a momentous achievement for the Tweety team and sets the stage for a promising future. 🔥🔥 We are thrilled to announce that the 🐥 Tweety Fairlaunch...

As per data from CoinShares, Bitcoin (BTC) had the lion’s share alone attracting inflows of US$187m i.e, 94% of the total crypto market inflows. Institutional interest in cryptocurrencies has once again jumped higher with traditional financial players like BlackRock, Fidelity, and others joining the bandwagon. In its reports, CoinShares noted: advertisement “ETP trading volumes were 170% the average this year, totalling US$2.5bn for the week. We believe this renewed positive sentiment is due to recent announcements from high profile ETP issuers that have filed for physically backed ETFs with the US Securities & Exchange Commission. Total assets under management (AuM) are now at US$37bn, their highest since before the collapse of 3 Arrows Capital”. Courtesy: CoinShares Bitcoin Dominates Altcoins Last week, Bitcoin received $188 million in inflows, accounting for 94% of the total investment. On the other hand, investments in short-bitcoin o...