NFT News Daily Offcial TheBitTimes.com

Centralized exchanges have long been the go-to for crypto trading, but users are now seeking greater autonomy. Hybrid exchanges, which integrate decentralized elements, can offer solutions that satisfy all sides. Traditional finance (TradFi) prioritizes security, while decentralized finance (DeFi) champions innovation and accessibility. Combining the strengths of centralized (CEX) and decentralized (DEX) exchanges in hybrid exchanges can unleash innovation and enhance asset security. With hybrid exchanges, users can trade directly on-chain without intermediaries, and more investors can leverage DeFi features while maintaining CEX security and liquidity. Phemex, a top 5 cryptocurrency exchange, has been embracing decentralization and pioneering a hybrid operational model. Its Web3 ecosystem combines decentralized decision-making with centralized efficiency, while its upcoming native token will allow holders to actively participate in the governance of the Phemex DAO. Stella Chen recent...

Buffett’s bet on crypto-friendly Nubank has put Berkshire Hathaway $130 million in profit already this year. Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023. Warren Buffett’s “crypto bet” up $130 million in 2023 The “Oracle of Omaha” purchased 107 million shares of Nu Holdings, a Brazil-based fintech company and owner of the crypto-friendly Nubank, via his firm, Berkshire Hathaway, in two separate rounds in 2021. Berkshire invested $500 million in Nu Holdings in June 2021 and raised its stake by another $250 million in December 2021. The firm has not sold a single share since, according to its second quarter 2023 earnings report. Nu’s share price is currently up nearly 106% year-to-date (YTD), meaning Buffett’s $750 million position is now worth around $879.50 million, assuming Berkshire has still not sold any of its Nu shares. However, at its peak in February...

The Chicago Mercantile Exchange ( CME ) has surged to become the second-largest Bitcoin futures exchange by open interest. CME ’s open interest recently hit $3.58 billion, pushing it past Bybit and OKX to now rank only behind industry leader Binance. Binance currently leads with $3.9 billion in open interest. The regulated CME offers cash-settled Bitcoin futures contracts in standard and micro sizes. Increasing interest has led to volume on CME futures exceeding 100,000 BTC. Also read: Solana (SOL) Price Prediction: November 2023 CME now captures 25% of global Bitcoin futures market share CME now captures 25% of the global Bitcoin futures market share as institutional traders pile into its offerings. The majority of activity is via CME ’s standard futures amid the coin’s double-digit October gains to over $35,000. Open interest refers to outstanding futures contracts yet to be settled. It indicates the amount of capital flowing into Bitcoin derivat...

Crypto has great potential to empower consumers, but centralized exchanges have their limitations. This "Web3 Swiss army knife of personal finance" says it has the answers. A cutting-edge crypto platform says it offers all the advantages of centralized exchanges in a noncustodial environment. Changex offers seamless on and off-ramps to fiat, effortless purchases via bank transfers and debit cards, and cross-chain swaps for speedy conversions between digital assets. There's no escaping it: traditional banks have become a relic of the past. Old-fashioned financial institutions are stuck in their old ways — with hefty fees, long waiting times for cross-border transfers, and opening hours that don't match the needs of a 21st-century economy. And this extends to the world of fiat, with eye-wateringly high inflation eating into the earnings of consumers around the world. Thankfully, there's been a flurry of innovation in recent years — with neo- banks and fintech star...

Oct 30, 2023 at 08:22 // Price Author Coin Idol Weekly cryptocurrency Analysis of Bitcoin SV, Toncoin, Uniswap, Mantle and Bitcoin Cash brought to you by Coinidol.com. Сryptocurrencies are trapped in a horizontal trend as altcoins are unable to move within their existing boundaries. Bitcoin SV The price of Bitcoin SV (BSV) is moving sideways. The resistance at $52 has slowed down the rising price movement. Bulls broke through the barrier on October 20, but were beaten back from the recent high. The cryptocurrency value has fallen below the resistance l...

A widely followed crypto analyst says that the Federal Reserve will likely keep rates higher for longer at the expense of risk-on assets like altcoins until something breaks. In a new strategy session, crypto trader Benjamin Cowen tells his 788,000 YouTube subscribers that the Federal Reserve won’t care to cut interest rates until the S&P 500 witnesses a severe corrective move. “Liquidity is flowing from high risk to low risk. [It] doesn’t mean the lower risk things can’t drop, it’s just that when they drop, that normally marks the end because when they drop then the Fed notices. When the S&P drops, then the Fed starts to notice. Do you think the Fed cared about the S&P when it was at 4,600? No, it’s too elevated. Do they care with it at 4,100? Probably not. Will they care if it’s at 3,500 or 3,400? Yes, they will start to care and that is when they’ll start to cut is my guess. So watch the S&P if you’re c...

FTX Exchange and Alameda Research founder — Sam Bankman-Fried (SBF) — spoke for the first time as a witness in his criminal fraud trial on October 27. Among the revelations, Bankman-Fried admitted he “knew nothing” about crypto currencies when he started Alameda in 2017. SBF’s testimony was covered live by CNN Business for approximately seven hours. According to the coverage, Sam knew “basically nothing” about crypto when he decided to found Alameda Research in 2017. “I had absolutely no idea how they worked…I just knew they were things you could trade. There was a ton of excitement, a ton of demand…” — Sam Bankman-Fried (SBF) Notably, FTX just came two years later, in 2019, with the main goal of creating a more trading-friendly platform that could be offered for sale to Binance. His plans changed when the number of customers started to increase. Cryptocurrency FTX court case update as of October 11, 2023 Cryptocurrency Solana price at ris...

The Virtual Asset Management Bill lays the foundation for categorizing virtual assets and outlining the operational guidelines for exchanges within the country. On Oct. 25, legislators in Taiwan introduced a Virtual Asset Management Bill to the Legislative Yuan, the country’s unicameral parliament. The bill aims to offer enhanced customer protection and proper supervision to the burgeoning crypto industry. BREAKING: Taiwan Makes a HUGE Move in #Crypto Regulation The island nation just passed the first reading of a draft BILL to create a Legal framework for Crypto assets A thread pic.twitter.com/3ZoGBFltu8 — Budhil Vyas (@BudhilVyas) October 27, 2023 The 30-page legislation takes a balanced approach, aiming to clarify the definition of virtual assets, establish guidelines for asset operators, enhance consumer safeguards, and require participation in industry associations and regulatory approvals. Taiwan has previously adopted a laissez-faire attitude towards the cr...

I have to admit that, even though I’ve been firmly in the ‘Sam Bankman-Fried is going to prison for a long, long time’ camp since before he was arrested in The Bahamas, I’ve been absolutely glued to the trial. And yesterday, the thing I’ve been waiting and hoping for finally happened: SBF took the stand. Despite the whole affair coming off like a bad legal thriller or an Ally McBeal episode you didn’t know existed, somehow the 31-year-old alleged fraudster is managing to shock anyone and everyone. Indeed, the moment we’re all discussing was such an obviously stupid, unrehearsed, law school 101 blunder that even Bankman-Fried’s own attorneys reacted in horror: Read more: Sam Bankman-Fried on the stand is even worse than we expected And while, thankfully, there were no jurors present for Bankman-Fried’s lapses in judgment, today he’s finally going to sit down and explain the collapse in front of a jury of his peers. If yesterday is a litm US test, then expect very few questions t...

Trezor’s brand ambassador Josef Tetek emphasized that the hardware wallet firm never asks for users’ recovery seed, PIN or passphrase. Cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign , as users have reported receiving phishing emails. The anonymous blockchain sleuth ZachXBT took to his Telegram channel on Oct. 26 to alert users to a phishing attack targeting Trezor customers. ZachXBT referred to an X (formerly Twitter) post from the account JHDN, which alleged that Trezor may have been breached after receiving phishing emails on the email account used specifically for buying the wallet. In a similar manner to some Trezor-related phishing attacks in the past, the phishing email invites users to download the “latest firmware update” to users’ Trezor devices in order to “fix an issue in software.” According to the poster, the malicious email was sent from the email amministrazione@sideagroup.com. It looks like Trezor may have been breached? @...

Some crypto market observers believe a rush into memecoin token PEPE could herald an impending Bitcoin dump, but not everyone is convinced. Could Bitcoin (BTC) be headed for an imminent pullback? Some crypto market observers believe the answer could be hiding within the price action of a frog-themed memecoin. In an Oct. 27 post on X (formerly Twitter), Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that memecoin Pepe (PEPE) is a strong indicator of overblown crypto market fever. If you want to know when a pull back is coming, just watch $PEPE. It’s literally an index for when the market is getting overheated . When people are confident enough to go there and it pumps, that’s your sign to exit. Works every time. pic.twitter.com/vMcqiddHwp — Ran Neuner (@cryptomanran) October 26, 2023 “If you want to know when a pull back is coming, just watch $PEPE. It’s literally an index for when the market is getting overheated ,” said Neuner. “When people are confi...

In the realm of content creation, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, burstiness measures the diversity of sentence structures, and predictability determines the likelihood of predicting the next sentence. When humans craft content, they infuse it with burstiness, blending lengthy, intricate sentences with shorter ones. Conversely, AI-generated sentences tend to be more uniform. For the upcoming content you’re about to create, it’s essential to infuse it with a healthy dose of perplexity and burstiness while keeping predictability to a minimum. Additionally, the content should be exclusively in English. Now, let’s rephrase the provided text: The team has been immersed in developing the next iteration of the potentially groundbreaking NorthPole hardware for several years. IBM recently unveiled a cutting-edge prototype artificial intell...

The new documentary reveals the entire journey of FTX, from its beginnings to its sudden collapse, with exclusive insider details about Sam-Bankman Fried’s business. The story of the ex-CEO of the FTX exchange, Sam Bankman-Fried, has interested many writers and producers. Plans to release films based on the history of FTX have already been announced by Amazon, the Russo brothers, and others. Now it’s the turn of the Bloomberg news portal, which released a documentary about the ex-CEO of FTX. It describes in detail the history of its foundation and collapse. The video, according to Bloomberg, highlights the “dramatic collapse” of Sam-Bankman Fried’s business. During the filming, the authors used not only already known facts about FTX but also insider information. The film was directed by Shern Sharma and produced by Maria Gabriela Pezzo. Editor Pat Regnier contributed to the video. “RUIN is a feature documentary about Sam Bankman-Fried and the stunning c...

Market experts expect a spot Bitcoin ETF approval no later than January 10, 2024. Speculation also arises about spot Ethereum ETFs potentially debuting as early as May 2024. JPMorgan analysts share a similar prediction, expecting SEC approval for multiple spot Bitcoin ETF applications. The much-anticipated arrival of a spot Bitcoin exchange-traded fund (ETF) in the United States is on the horizon, with market experts predicting that it could become a reality by no later than January 10, 2024. In a recent discussion on Unchained Crypto, James Seyffart, market analyst at Bloomberg Intelligence, and Matt Hougan, CIO at Bitwise Asset Management, shared their optimistic prediction that a spot Bitcoin ETF will likely launch before January 10, 2024. Analysts at JPMorgan shared the same prediction in a report stating that the SEC will likely approve multiple spot Bitcoin ETF applications “within months.” The exact timing for regulatory approval remains uncertain,...

In the realm of content creation, three vital elements come into play: “intricacy,” “variability,” and “unpredictability.” Intricacy gauges the intricateness of the text, while variability juxtaposes the array of sentence structures. Lastly, unpredictability signifies the likelihood of anticipating the subsequent sentence. Human authors tend to infuse their work with bursts of intricacy, harmoniously blending longer, elaborate sentences with concise ones. Conversely, AI-generated sentences often manifest a more uniform pattern. Consequently, for the forthcoming content, I beseech you to craft a composition that brims with intricacy and variability, while keeping predictability to a minimum. It is imperative that this composition be composed exclusively in English. Now, let’s reimagine the following information: Chainalysis has unveiled a disquieting trend: an upsurge in stablecoin activities occurring via unlicensed entities in the United Stat...

The whitelist marketplace WhiteList Zone onboarded over 50 projects that collectively submitted more than 8,000 whitelists. In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects. A whitelist is a curated list of addresses or users with authorized access to specific privileges. It grants entry to activities like presales, token sales, initial coin offerings (ICOs), nonfungible token (NFT) minting, or access to various events. It works as an exclusive guest list, allowing only approved participants to join the party while keeping others out. Why whitelists are important For crypto-enthusiasts and investors, whitelists represent an early-access opportunity to secure a position ahead of the crowd, enabling them to purchase assets or participate in events befo...