NFT News Daily Offcial TheBitTimes.com

This crypto exchange combines the benefits of centralized and decentralized platforms, focusing on trust, transparency and user empowerment for a more reliable trading experience. The collapse of FTX and other crypto cataclysms of 2022 exposed the vulnerabilities of centralized crypto exchanges (CEXs), leading to an erosion of trust. Many users saw decentralized exchanges (DEXs) as one of the most reliable alternatives, although they lack efficiency and cannot boast the same level of liquidity as CEXs. Regardless of the underlying infrastructure of exchange s, the main focus should be on trust and transparency. This is crucial, as it determines how a platform gets perceived and succeeds in the overall market. By prioritizing user asset protection, transparency, open communication and a user-friendly experience , a crypto exchange can build trust and establish itself as a reputable and reliable platform in the rapidly growing crypto market. This exchange prioritizes trust to empower...

Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he began investing in the cryptocurrency. Expecting to see $100K per bitcoin, he emphasized that the crypto does not need the Fed or government bailout because it’s “people’s money.” Why Robert Kiyosaki Loves Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, shared on Twitter Thursday why he loves bitcoin. He expects to see the price of BTC hit $100K. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Thursday explaining that years ago, he watched the price of the largest cryptocurrency climb to $20,000 and then shed almost all of its value. At the time, he thought bitcoin was finished. However, when BTC slowly climbed to $6,000, he bought “lots...

Warren Buffett is not a big fan of Bitcoin, and this position has cost his investment portfolio at least a 320,000% potential gain. Legendary investor Warren Buffett sees no value in Bitcoin (BTC), infamously calling it “rat poison squared.” But data shows that adding Bitcoin to a so-called “rat poison portfolio,” an equally weighted portfolio of Berkshire Hathaway, Microsoft, JPMorgan and BlackRock stocks, would have produced much better returns for The Oracle of Omaha. “Rat poison portfolio” with Bitcoin does better  Since 2014, allocating only 2.5% Bitcoin yearly to the rat poison portfolio increases returns by nearly 20% with reduced risks, according to independent market analyst Alpha Zeta. For now, the portfolio’s returns stand around 16%. Rat poison portfolio with Bitcoin allocations. Source: Alpha Zeta Despite Bitcoin’s notorious price volatility, Alpha Zeta noted that BTC’s correlation with the stocks of Berkshire Hathaway, Microsoft, JP Morgan and BlackRock is very low. Corr...

Dogecoin witnessed a positive start to April after Elon Musk changed the Twitter bird logo to DOGE. The meme currency touched a high of $0.1 but retraced in price this week and it is currently trading at $0.08. While the meme currency tag is what’s holding DOGE back, the tag is also helping it bask in the limelight. Elon Musk is an avid ‘memer’ and found his perfect match with DOGE in the process. However, the focus now is to make Dogecoin reach the $1 mark and generate stellar profits for investors. The route to $1 is narrow as DOGE has no utility in the real world except for a handful of retailers accepting it as payment. Watcher Guru asked ChatGPT to explain possible ways for DOGE to reach $1. The AI bot laid out four possible steps to hit $1 and explained that the coin needs to push its social media presence further. Also Read: Dogecoin : When an Investor Made $2 Million in 69 Days ChatGPT Shows Possible Way For Dogecoin to Hit $1 Source: Bitcoinist.com According...

AI and blockchain have the potential to transform industries, enhance data privacy and optimize trade and asset management. As blockchain technology and artificial intelligence evolve in parallel, companies are looking into ways to combine their powers effectively. This interview delves into how these revolutionary fields are converging to create unique value propositions across industries. Through a discussion on real-world applications, data privacy and ownership, optimized trade discovery, and asset management, Mattereum CEO Vinay Gupta, Memri.io founder Ruben Daniels and NeoSwap CEO John Ennis reveal the challenges and opportunities that lie ahead in this rapidly evolving landscape. Q: How do each of your projects leverage the combination of AI and blockchain technology to create unique value propositions in your respective industries? Vinay Gupta: Mattereum is here as infrastructure for AI companies to buy things in the real world. Sellers bring their items to us, then we turn t...

Amidst the growing prominence of the BRICS nations, Russia is reportedly developing special institutions to mine and transfer crypto across borders. Specifically, the country has stated its intention to create a “special organization.” Subsequently, its formation will utilize digital assets for the purpose of international business dealings.  The Central Bank of the country is already at work developing a draft law to allow crypto to be used for international trade. Conversely, the development follows the growing economic separation of Russia from the West due to the invasion of Ukraine. JUST IN: Russia to create special institutions to mine #cryptocurrency. — Watcher.Guru (@WatcherGuru) April 19, 2023 Russia Forming Institution for Crypto Mining Although Russia n authorities have been clear on their stance on crypto in the country, international use of the asset has become viable. Specifically, the country is hard at work developing mechanisms to use the asset fo...

A disastrous end for cryptocurrency in 2022 would play a role in shaping the future crypto tax regime, according to Roger Brown, Head of Global Tax at Chainalysis. Brown made this comment during a Chainalysis “Know Your Crypto Compliance” Episode that has been uploaded on YouTube. What role will #BlockchainAnalytics play in the future of #TaxRegulation? @RogerBr59295778 shares his perspective and experience navigating the complexities of cryptocurrency taxation on the latest episode of Know Your Crypto #Compliance. https://t.co/fgHtSUJ7no pic.twitter.com/I1JzLCbHRe — Chainalysis (@chainalysis) April 17, 2023 During the interview, Brown observed that the impact of the events around the crypto industry leading to the final months of 2022 makes it difficult to implement the current tax regulation. He explained that a single user could hold cryptocurrencies that qualify for capital losses and income at the same time, depending on the circumstance under which the assets a...

Layer 2s also saw increased development activity, with year-over-year smart contract deployment increasing by 160%. Ethereum layer 2s, such as Optimism, Arbitrum and Polygon, increased in popularity in the first quarter of 2023, according to a report from Web3 development platform Alchemy. Ethereum users bridged over $635,000 worth of crypto assets to these networks from January to March, an increase of 44% over the fourth quarter of 2023 and 518% over the first quarter of 2022. The report, titled simply “Web3 Development Report,” cited Dune Analytics as its source for this data. It showed that users only bridged approximately $103,000 worth of assets to layer 2s in the first quarter of 2022, whereas the same three months in 2023 produced over $635,000 in bridging volume. Alchemy suggested that this increased activity may have been reinforced by successful airdrops from Optimism and Arbitrum in Q1, 2023. In addition to increased asset bridging from users, layer 2s also showed grea...

Ripple -powered payment system MoneyTap has etched significant strides in Japan. According to a recent development, SBI Remit has integrated support of its mobile MoneyTap application to three local banks. The same include Yamaguchi Bank, Momiji Bank, and Kitakyushu Bank. SBI Remit, on the other hand, is the remit tance-focused arm of the Japanese financial services company SBI Holdings. #CryptoNews: #Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients. — CoinMarketCap (@CoinMarketCap) April 17, 2023 The latest MoneyTap support addition will enable the Japanese regional banks to offer customers a peer-to-peer remit tance service. This will be done via a mobile application. Alongside the bank account number, the remit tance service will foster online remit tances via a mobile number. Other notable Features of the app focusing on security include biometric authentication and online identity...

- Advertisement - Singapore, Singapore, April 14th, 2023, Chainwire - Advertisement -   ATPBot, a platform focused on quantitative trading strategy development and services, has launched. It develops and implements quantitative trading strategies for its users with the advantages of AI. This has resulted in ATPBot being dubbed the ChatGPT of crypto trading. ATPBot aims to provide crypto investors with efficient and stable trading strategies. By analyzing market data in real-time and using natural language processing to extract valuable insights from news articles and other text-based data, ATPBot can quickly respond to market conditions and make more profitable trades. ATPBot uses deep learning algorithms to optimize its trading strategies, ensuring they remain effective over time. ATPBot can be regarded as the ChatGPT of quantitative trading, being the first trading bot that combines artificial intelligence (AI) with quantitative trading to outperform the markets. AI has pr...

According to data from a tracking platform, the total number of Ethereum (ETH) withdrawn after the Shanghai upgrade has exceeded one million tokens, with a market value above $2.1 billion. Additionally, 651 units of ETH are waiting to be withdrawn, while only 373.39k ETH coins have been deposited so far. Colin Wu, a well-known Chinese crypto reporter, claimed the enormous withdrawal volume was due to regulatory factors of the Kraken crypto exchange and Huobi Global’s shareholders’ change. As of 10:00 UTC+8 on April 17, after the Shanghai upgrade, the total amount of Ethereum withdrawn exceeded 1 million, and 368,000 were deposited. Currently, the number of Ethereum waiting to be withdrawn is 892,000; Kraken regulatory factor and Huobi shareholders change are main… pic.twitter.com/7lUIYAnJ7j — Wu Blockchain (@WuBlockchain) April 17, 2023 Last week, the Ethereum blockchain completed the Shanghai hard fork, the protocol’s first significant upgrade since “The M...

Join Our Telegram channel to stay up to date on breaking news coverage The United States Securities and Exchange Commission (SEC) has shifted its attention from individual organizations to targeting decentralized finance (DeFi). In the latest development, the regulator has revisited a 2022 proposal to fill in the gaps in the regulatory sector. Specifically, the goal of the SEC is to prevent unregistered platforms from offering securities trading unless they have identified with the agency as a broker of exchange. SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’ 🧵👇 pic.twitter.com/ZizsmTrG0y — Ben DeLisi (@realbendel) April 14, 2023 On Friday, April 14, the agency’s five-member commission voted three against two in favor of reopening the comment period on amendments. They want to adjust the definition of ‘exchange’ under the Exchange Act Rule 3b-16. The Exchange Act defines an exchan...

Altcoin Daily took to their Twitter account to question why Twitter didn’t partner up with Binance recently. This question arose after Twitter partnered with eToro to enable cryptocurrency and stock trading. Twitter is adding a new feature to its app that will enable users to access market charts for a wider range of financial instruments and conduct trading activities such as buying and selling stocks and other assets from eToro. This information was provided exclusively to CNBC by the company. Then the question was posed as to why Twitter didn’t partner with Binance despite the cryptocurrency giant investing $500 million in Elon Musk’s Twitter takeover in 2022. Regulatory troubles — DustyBC Crypto (@TheDustyBC) April 14, 2023 One cryptocurrency YouTuber, DustyBC, speculated that this decision may be due to regulatory troubles. A Twitter user added that it might be due to a perceived conflict of interest. On March 27, Binance, which is ...

China’s economy grew by leaps and bounds post-2001 after the country steered towards manufacturing products to cater to global demand. The Chinese economy experienced phenomenal growth over the years reaching a GDP of $19.37 trillion in 2023. China is only second to the United States a $26.85 trillion economy and is now looking to overtake the U.S. Nonetheless, while the growth is remarkable, China’s financial rise to power has now come at a cost. The Chinese national debt is steadily increasing, giving room to concerns about its ability to sustain the growing economy. The national debt of China now amounts to $14.34 trillion and ranks second globally only below the U.S. The United States has the highest national debt globally amounting to $31.68 trillion. Also Read: BRICS Moving To Kill the U.S. Dollar & Western Dominance? Not So Fast! In FY 2022-23, the U.S. national debt grew by $1.3 trillion or 4.28%. However, China’s national debt grew three times that of th...

Will Robinson, vice president of engineering at Coinbase, explains the crypto exchange’s plan to increase its on-chain presence with new tools and the Base network. In episode 15 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks with Will Robinson, vice president of engineering at crypto exchange Coinbase. They discuss the exchange’s vision for the future of the cryptocurrency industry, which is tied to its new Ethereum layer-2 network, Base. Robinson provides updates on the exchange’s latest tools, including an ERC-20 recovery function, wallet as a service and more. The episode starts with Robinson explaining what his role entails. Robinson explains that he manages the developer product group responsible for internal crypto infrastructure, developer-facing products and protocol-facing efforts. Despite the regulatory activity and “drama in the market,” Robinson believes building in the crypto space has never been this exciting “I think the world is moving on-chain b...