NFT News Daily Offcial TheBitTimes.com

The market expects U.S. Bitcoin spot ETF approval next week, but options data hints at little price impact. Options contracts expiring in January show surprisingly low volatility and trading activity. Greeks.live suggests the market has already “priced in” the potential ETF approval. Crypto options market trading platform Greeks.live has poured cold water on expectations of a significant price surge that could follow the U.S. regulator’s permission of a Bitcoin spot exchange-traded fund (ETF). In a recent tweet, Greeks.live reported on speculation circulating in the market regarding the U.S. SEC’s potential authorization of the Bitcoin spot ETF application. According to the tweet, there is anticipation that the regulator could greenlight the ETF as early as next Tuesday, January 2, 2024.  Such development is expected to be pivotal for the crypto market, as it would allow investors to trade Bitcoin-backed ETFs on regulated exchanges. ...

The end of 2023 is fast approaching, and with it comes the end of the holiday season. However, with all of the hustle and hecticness of that season, there is still the everyday shopping that may need to be done. In this guide , we will answer if Walmart is open on New Year’s Day. Walmart has become one of the most popular grocery and retail chains in the entire United States. With more than 4,000 locations across the country, it has become a go-to business for most of your shopping needs. However, as you approach the impending 2024, it is important to know what the holiday schedule for the store is like. This year, New Year’s Day falls on a Monday and will require many to work the rest of the week. So, if you still have normal shopping to be done, let’s answer whether or not the store is fully operational on the day we celebrate the coming year. Source: CNBC Also Read: Walmart Planning Expanded Retail Strategy for Metaverse Is Walmart Open on New Year...

OKX announced the delisting of multiple spot trading pairs, including Monero and Zcash.  The delisted trading pairs failed to meet the platform’s listing criteria.  The exchange also suspended deposits and withdrawals for various tokens. OKX, the global cryptocurrency spot, and derivatives exchange, has recently announced the delisting of multiple spot trading pairs, citing user feedback and adherence to the OKX Token Delisting Guidelines as key factors behind the decision. According to OKX, removing these trading pairs results from a continuous evaluation process, wherein the platform regularly reviews the performance and listing qualifications of all trading pairs. The exchange specified that certain pairs failed to meet the platform’s listing criteria, leading to their upcoming delisting.  “Based on feedback from users and the OKX Token Delisting / Hiding Guideline, we will be delisting several trading pairs that do not fulfill our ...

Argentina’s government will offer a flexible tax rate and legitimize the usage of cryptocurrency assets within the country, irrespective of location or origin. President of Argentina Javier Milei proposed the bill as part of a broader set of economic and political reforms. The crypto community has responded positively to Milei’s election in November, given his endorsement of Bitcoin (BTC) during his campaign. However, the bill, which includes numerous reforms, has quickly sparked controversy and protests since its introduction on Tuesday. You might also like: BNB overtakes Solana, traders betting against the surge Under the proposed framework, crypto currencies and various assets, from liquid cash to real estate, fall under a new regularization plan. This plan offers incentives for early disclosure of such assets. Specifically, Argentinians declaring their cryptocurrency assets by March 31 will benefit from a low tax rate of 5%. This rate, however, will escalate up ...

Cardano appears poised to break out of a symmetrical triangle. ADA has, however, remained within a Fibonacci resistance area. Coin accumulation persists among holders. In a recent post on X, crypto analyst Dan Gambardello noted that the leading coin Cardano (ADA) might be poised for an upward breakout of a symmetrical triangle.  Gambardello assessed ADA’s price movements on a four-hour chart and noted that the coin’s formation of a symmetrical triangle mirrors a similar pattern observed in Solana’s (SOL) price a few weeks ago.  A symmetrical triangle is formed when an asset’s price bounces between converging upper and lower trendlines. This movement marks a period of uncertainty before a potential breakout in either direction. According to Gambardello, should ADA successfully break out of the triangle in an uptrend to reach the $0.86 price target, it would mean a strong divergence from what was observed in the last market cycle.  Gambardello, ...

Deep-pocketed investors are suddenly scooping up massive amounts of Chainlink (LINK) and one other Ethereum (ETH)-based altcoin, according to on-chain data. The blockchain data tracker Lookonchain noticed that newly created crypto whale wallets were accumulating two digital assets Wednesday using the top global crypto exchange Binance. One crypto whale scooped up more than $4 million worth of decentralized finance (DeFi) protocol Maker (MKR), according to Lookonchain. “Fresh whale wallets are accumulating MKR and LINK today. 0xE68E withdrew 3,150 MKR ($4.55M) from Binance [Wednesday].” Source: Lookonchain/X Maker is trading for $1,489 at time of writing, up 4.8% in the last 24 hours. Lookonchain says another whale is accumulating large amounts of decentralized oracle provider Chainlink, having loaded up more than $2 million worth of LINK Wednesday, on top of the nearly $5.8 million the whale bought 10 days prior. “0x8eAD withdrew 136,146 LINK($2.05M) fr...

MicroStrategy, the business intelligence company known for its aggressive Bitcoin (BTC) purchases, has struck again. On December 26, 2023, the company announced it had acquired an additional 14,620 BTC for $615.7 million in cash, at an average price of $42,110. This latest purchase brings MicroStrategy’s total Bitcoin holdings to a whopping 189,150 BTC, acquired at an approximate cost of $5.9 billion and an average price of $31,168 per Bitcoin. MicroStrategy’s CEO, Michael Saylor, has been a vocal proponent of Bitcoin for years, and the company’s investment strategy reflects this unwavering belief. Saylor’s conviction in Bitcoin’s long-term potential remains unshaken, despite the cryptocurrency’s recent price volatility. In a statement accompanying the announcement, Saylor noted, “We believe that Bitcoin is the world’s most valuable asset class and that it will continue to appreciate significantly over time.” ...

Shiba Inu (SHIB) and Dogecoin (DOGE) are two of the most popular memecoins in the market. Both projects are dog-themed cryptocurrencies, and both have a massive fan following. Also Read: The Race to $1: Will Shiba Inu or Dogecoin Get There First? However, memecoins have taken a backseat in 2023. Since January, both SHIB and DOGE have rallied by about 31%. On the other hand, Solana (SOL) has risen by over 1000%, and Bitcoin (BTC) has surged by nearly 160% in the same time frame. Nonetheless, fans and investors hope memecoins will gain momentum in 2024 in anticipation of a bull market. Will Shiba Inu (SHIB) flip Dogecoin (DOGE) in 2024? Source – Bankrate Dogecoin (DOGE) has an advantage over SHIB for being first in the game. DOGE made its debut ten years ago, in December 2013. SHIB, on the other hand, entered the arena in August 2020, only about three years ago. However, SHIB has made considerable gains in its three short years. Dogecoin (DOGE) has a market cap of a...

A widely followed crypto analyst says that one red-hot Ethereum (ETH) rival that’s skyrocketed over 460% in 90 days has confirmed a breakout. Pseudonymous analyst Rekt Capital tells his 378,700 followers on the social media platform X that layer-1 blockchain Avalanche (AVAX) has technically confirmed a breakout by successfully flipping its macro downtrend from resistance to support. However, after confirming its breakout, the trader doesn’t specify what price level AVAX will ultimately reach. “Avalanche has successfully retested its macro downtrend as new support. Up +36% since the retest, even more if you caught the downside wick into $32 (red). Technically, this retest has fully confirmed a breakout beyond the macro downtrend.” Source: Rekt Capital/X Avalanche hit a low of $8.65 on October 16th but is now trading for $47.79 at time of writing, a staggering gain of about 460% during the last three months and a fractional decrease during the last...

A crypto strategist who nailed the top of the Bitcoin (BTC) bull market in 2021 believes that one Ethereum (ETH) scaling solution that’s trading under the radar will see a burst to the upside. Pseudonymous crypto strategist Pentoshi tells his 727,200 followers on the social media platform X that he’s bullish on Arbitrum (ARB). According to the analyst, ARB will likely receive a shot in the arm if it manages to take out its immediate resistance at $1.70. “I think it needs to get over $1.70 to really get anyone excited. Has a great shot at trading up there near term.”  Source: Pentoshi/X At time of writing, ARB is trading for $1.38. The analyst is also keeping an eye on Injective (INJ), a decentralized exchange that aims to offer a variety of financial products including spot trading and futures. According to Pentoshi, it’s clear skies for INJ as there is no resistance left to stop the altcoin from price discovery. “This is on...

Wemade Co., the South Korean video game developer, announced the launch of a $100 million web3 fund in collaboration with Singapore-based investment firm Whampoa Digital. Fostering web3 adoption  In a collaborative effort, the two companies have formed the Wemade Web3 Fund, dedicated to investing in blockchain gaming projects, particularly focusing on the Middle East region. The fund aims to expedite the adoption of blockchain technology, as stated in the announcement. Additionally, Wemade is actively constructing the Wemix Play Center, a commercial space centered around blockchain gaming , situated in Dubai’s DIFC Innovation Hub. As part of the initiative, blockchain gaming entities receiving grants from the fund are anticipated to establish office spaces within the Wemix Play Center. This strategic move aims to foster cross-collaboration and mentorship among the supported companies, according to the announcement. Whampoa Group Senior Partner Aureole Foong stated in a...

Tether has announced it invested in the Series A round of the Academy of Digital Industries, an educational platform in Georgia. The ongoing financial investment will help support the “real world” education about blockchain, bitcoin, stablecoins and P2P technologies, Tether CEO Paolo Ardoino said. Tether Operations Limited, the company behind the USDT stablecoin, has made an undisclosed investment in the Series A round of Academy of Digital Industries, a Georgia-based education platform . The investment in the educational platform follows recent initiatives aimed at promoting blockchain innovation in Georgia. This program is expected to be an ongoing one, with Academy receiving long term financial assistance, Tether said in an announcement on Friday. Tether steps into education business According to Tether , the partnership offers the Georgian platform the opportunity to tap into the stablecoin issuer’s global network and expertise as it ...

Following the recent public address by Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), in which he criticized the cryptocurrency industry for noncompliance, the CEO of blockchain company Ripple has hit back. As it happens, Brad Garlinghouse called out Gensler on the “ stunning hypocrisy from the person who cozied up to the biggest fraud in recent memory” and referred to him as “a political liability” while commenting on the video of the SEC boss’s speech in an X post on December 22. Stunning hypocrisy from the person who cozied up to the biggest fraud in recent memory. Gensler is a political liability whose actions have decimated consumers and destroyed the integrity of the SEC, while remaining buddy-buddy with Wall Street. https://t.co/hAgjJ9IsGR https://t.co/D3pz4Dq3yy — Brad Garlinghouse (@bgarlinghouse) December 21, 2023 Specifically, he was alluding to Gensler’s alleged close ties with Sam Bankman-Fried, the CEO of the collap...

In the realm of blockchain and digital currencies, Solana has emerged as a standout performer in the fourth quarter, akin to a phoenix rising from the ashes. A recent report underscores Solana ’s remarkable activity, surpassing Ethereum by almost 300% year-to-date (YTD). Despite $SOL witnessing a staggering 544.4% surge in the past month, its valuation stands nearly 9 times lower than Ethereum, with a circulating market cap of $31 billion compared to ETH’s $267 billion. This article delves into the factors behind Solana ’s resurgence, spotlighting its dynamic ecosystem, token airdrops, and heightened user engagement. Token Airdrops Fuel Increased Demand A pivotal factor behind Solana ’s recent popularity surge is the succession of token airdrops executed by protocols within its Layer 1 (L1) blockchain network. According to Messari, a provider of on-chain data, Solana ’s daily user activity has surged by an impressive 400%, overshadowing Ethereum...

Dec 20, 2023 at 10:50 // Price Author Coin Idol The price of TRON (TRX) falls below the moving average lines. Cryptocurrency price Analysis by Coinidol.com. Long-term forecast for the TRON price: bearish For almost a month, the digital asset was in a sideways trend below the $0.11 threshold. On December 15, the bears broke below the moving average lines. TRON reached a low of $0.097, but the bulls bought the dips. On the downside, the decline has slowed above the $0.097 support level. On December 18, the long candlestick tail indicates significant buy...

Thailand’s second -largest bank, Kasikornbank Pcl, is charting a course to develop a digital-asset ecosystem, providing a unique funding avenue for companies. With the recent acquisition of Thai licensed crypto exchange, Satang Corp., Kasikornbank is now encouraging some clients to explore token issuance for fundraising purposes, the bank’s co-president Pipit Aneaknithi told Bloomberg in an interview. Aneaknithi emphasized the potential cost-effectiveness of issuing tokens, adding that developments in the crypto space will be “cost-efficient” compared with existing markets. “We’re advising some clients to issue tokens for fundraising . We see potential in this market. We’re serious about developing a digital-asset ecosystem that will be very cost-efficient compared with existing, traditional platforms.” Pipit Aneaknithi Despite Kasikornbank’s efforts, Thais remain cautious in the aftermath of the 2017 boom and subsequent m...

The recent success of digital assets has made many opponents change their stance, and one of them seems to be The Economist , which went from the previous standpoint that claimed that Bitcoin (BTC) and other altcoins are too volatile and a haven for illegal operations, to calling Bitcoin a “useful diversifier” for your portfolio . This marks a significant turning point. The Economist acknowledges the utility of Bitcoin for portfolio diversification and its relevance for individuals residing in oppressive regimes.  Disliking Bitcoin doesn’t equate to its disappearance; its resilience stems from its incorruptible nature notes one industry analyst on December 19. Bitcoin Perception , a crypto analyst, agreed with the previous remarks and commented on this simply by: Cryptocurrency Avalanche would trade at this price if AVAX hits its all-time high market cap Cryptocurrency Short squeeze alert for December 19: Two cryptocurrencies with pot...

Rebel Satoshi (RBLZ) has gained significant momentum after raising $500,000 in funding during its presale. Market gurus predict a 104% price growth for Chainlink (LINK) in 2024. Experts believe Bitcoin Cash (BCH) can surpass $400 by the end of 2024. After selling over 70% of the tokens in its presale and raising $500,000 in funding, Rebel Satoshi (RBLZ) has gained significant traction in the crypto space. Meanwhile, Chainlink (LINK) and Bitcoin Cash (BCH) have declined in value over the past week. Read on as we explore the recent developments around these top altcoins and pick the right crypto to buy for higher gains by the end of 2024! RBLZ challenges top Altcoins Rebel Satoshi challenges the prevailing dominance of top altcoins and promotes decentralization in the crypto landscape. With a particular focus on nurturing a sense of community among its growing base of investors, Rebel Satoshi...

Coinbase says it now supports USD transfers in Singapore. The exchange’s customers can move US dollars to or from their accounts via SWIFT. Support for USD transfers is part of Coinbase’s plans to expand its services in the key Singapore market. Crypto exchange Coinbase has announced that retail customers in Singapore now have access to US dollar transfers. The exchange’s users in the country can now deposit or withdraw USD using their Coinbase accounts, the company wrote in a blog announcement, with these available via the SWIFT network. “ We are excited to announce that US dollar transfers are now available for Coinbase users in Singapore. As part of our mission to increase economic freedom in the world, we build products for our users to better access USDC and the broader crypto ecosystem ,” Hassan Ahmed, the country director of Singapore at Coinbase, noted. Support for USD will see Singapore customers access commission-fr...