China News Daily Official TheBitTimes.com

Both leading meme currencies Shiba Inu and Dogecoin are looking to climb above the $1 mark. Dogecoin came close after reaching a high of $0.73, in May 2021 but plummeted in price thereafter. DOGE is unable to reclaim its previous glory despite several tweets made by Tesla CEO Elon Musk mentioning the cryptocurrency. Dogecoin ’s fame has fizzled out and investors don’t feel thrilled about the coin like they did previously. Shiba Inu: AI Predicts SHIB Price For December 31, 2023 In addition, Shiba Inu has never crossed the $0.01 mark and investors are hoping for it to reach the 1-Cent milestone and eventually hit $1 next. So both Dogecoin and Shiba Inu are in the race to reach the $1 mark and make investors turn millionaires and billionaires. Who Will Reach $1 First? Shiba Inu or Dogecoin Source: Pixabay In the race to $1, Dogecoin has more chances of reaching the mark than Shiba Inu. Dogecoin has already been close to $1 at $0.73 and missed getting there by a...

The self-proclaimed ‘Ontario Crypto King,’ who was allegedly kidnapped during his bankruptcy and reportedly owes $40 million in misappropriated crypto investments, is apparently still splashing the cash.  Crypto investor Aiden Pleterski owes former clients $40 million in crypto and forex investments after reportedly spending just 2% of their funds on investments while $16 million was plowed into hired jets, luxury cars, and his Ontario mansion.   So far, roughly 160 investors filing the case against Pleterski in the Ontario Superior Court have clawed back close to $3 million. However, despite this and Pleterski’s ongoing bankrupt cy, the CBC reports that he’s not curbed his frivolous spending and currently describes himself as a professional streamer who’s “unemployed with income.” His lavish lifestyle reportedly includes driving both a McLaren and a Lamborghini, spending $150,000 on Lego , and offering to fly a woman from Sydney to Melbourne on his next tri...

Nov 30, 2023 at 08:03 // Price Author Coin Idol The price of TRON (TRX) has fallen below the 21-day moving average line twice. Long-term forecast for the TRON price: bearish The cryptocurrency reached a high of $0.11 twice, but failed to break above this level. After the recent dip, TRON is now trading between the moving average lines. If buyers keep the price above the 21-day SMA, the uptrend could resume. It is unlikely that the price action will continue above the recent high. On the downside, the downtrend will continue if the bears drop below the 50-day ...

An Estonian court annulled the extradition of crypto entrepreneurs, who were accused of a $575 million crypto fraud, to the U.S. An Estonian court has annulled the extradition of two crypto entrepreneurs who were arrested in Nov. 2022 on an 18-count indictment for their alleged involvement in a $575 million crypto fraud and money laundering conspiracy. According to Estonian newspaper Postimees, the Tallinn Circuit Court satisfied appeals on Nov. 29, 2023 saying that the Estonian government had failed to investigate and consider important circumstances in making the decision to extradite HashFlare co -founders Ivan Turogin and Sergei Potapenko. You might also like: Inactive 250k ETH wallet is probably linked to Estonian major bank Shortly after Turogin and Potapenko were arrested in Estonia, the U.S. Department of Justice (DoJ) issued a written request, seeking their extradition to the U.S. However, the Tallinn court ruled that the government’s orders must be annu...

A glut of new research indicates that personal experiences may be the NFT market’s primary mover. A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the non-fungible token (NFT) market. Researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the U.S., and Rennes School of Business in France, across three independent studies, found that personal experiences and luck, along with asset scarcity and consumer optimism, were catalysts for the majority of market movement in the NFT space. NFT market movement In a study conducted by Guneet Kaur Nagpal of Western University and Luc Renneboog of Tilburg University, entitled “On Non-fungible Tokens, Blockchain Hypes, and the Creation of Scarcity,” the researchers analyzed the market dynamics of “Crypto Punks,” a popular series of NFT assets. “CryptoPunks,” write the researchers, “are among ...

The protocol reached a total value locked of $3.8 billion at its peak. Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion. According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital.  The Wormhole Foundation also announced the launch of Wormhole Labs, which the company says "is an independent technology company that specializes in building products, tools, and reference implementations that help grow cross-chain activity and development." Currently, its blockchain-to-blockchain communications technology is used to bridge assets, power oracle data feeds, and transfer non-fungible tokens. Wormhole was launched in 2021 and has since facilitated over $35 billion in transactions. Developers claim that the protocol processes over 2 million cross-chain messages across more than 30 chains every d...

Early ETH and ADA investors are considering NuggetRush With no buy/sell tax, collectible NFTs, and strategic partnerships, NuggetRush can carve market share in the gaming industry. Ethereum’s decline prompts investors to diversify, while Cardano’s price dip after collaboration with Kraken seems to have triggered more outflow to NuggetRush. Investors who previously supported Ethereum and Cardano appear to be considering a new crypto project, NuggetRush (NUGX). These investors have reportedly been accumulating NUGX in the ongoing presale. NuggetRush offers real-world rewards and opportunities for players worldwide. The project features collectible NFT characters, providing a sense of novelty and value. Additionally, the absence of buy-or-sell tax and a smart contract audit by SolidProof may explain rising interest. This article explores why early investors of Ethereum and Cardano are looking at NuggetRush. NuggetRush: transforming crypto gaming hubs with staked N...

Hong Kong clients will be able to purchase Bitcoin and Ethereum in their personal accounts. Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. "Interactive Brokers' retail investors in Hong Kong now have immediate access to digital asset trading through a single unified platform powered by OSL," developers wrote.  Per its website, Hong Kong clients of Interactive Brokers can hold Bitcoin (BTC) or Ether (ETH) in their personal accounts alongside stocks, derivatives, commodities, forex, and other assets. Each trade is charged a commission equal to 0.20% to 0.30% of the transaction value. Last week, Cointelegraph reported that Interactive Brokers had received a license for retail virtual asset trading in Hong K...

Bybit, one of the world’s major cryptocurrency exchanges, had reached 20 million registered users just in time for its 5th anniversary , according to information shared with Finbold . Commenting on the milestone, the co-founder and CEO of the exchange, Ben Zhou, highlighted the fact that it was made possible by Bybit’s focus on being a safe and effective crypto hub: Bybit has proved itself as a safe, highly effective crypto hub. Reaching 20 million registered users is not just a number for us; it represents the faith and enthusiasm of a community that believes in the potential of crypto and trusts Bybit as their preferred platform. The CEO also pointed toward his company’s efforts to continuously offer innovative trading solutions, as well as its focus on making a customer-focused environment, as key reasons for its success.  Cryptocurrency Conservative XRP price prediction for late 2025 Cryptocurrency Machine learning algorithm predict...

Design, speed, security, low costs and liquidity need to be at the heart of everything a decentralized crypto trading platform offers, but some are better than others. Decentralized crypto trading with leverage has grown in popularity over recent years — but something is holding the sector back: a lack of reliable platforms for noncustodial transactions. Users often face clunky and poorly designed interfaces that are difficult to understand and nearly impossible to navigate. This isn’t just an inconvenience but also increases the risk of costly errors. The pain points don’t end here. Traders need to have confidence that their orders will be processed at lightning-fast speeds, all while keeping gas fees to a minimum. Congestion on layer 1 networks has meant this isn’t always possible. Careful attention also needs to be paid to the smart contracts powering decentralized trading platform s, as security vulnerabilities can put everyone’s funds at risk. Thorough audits are crucial and mu...

A newly published working paper on Bitcoin mining has worked to counter claims from anti-crypto politicians that Bitcoin is melting the planet. Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid.  The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that Bitcoin mining’s inherent interruptibility and swift load response capabilities could enhance grid flexibility to better integrate variable renewable energy sources. Authors of the working paper included Castle Island Ventures partner Nic Carter, Satoshi Action Fund CEO Dennis Porter and  Science Advisor Murray Rudd, former ERCOT (Electric Reliability Council of Texas) President and CEO Brad Jones — who recently passed away, along with Executive vice president of power at Houston-based tech company L...

SHIB lost 2.38% of its value in the seven days but it may not drop below $0.0000082. If the money flow continues in the positive territory, the token may hit $0.00001 before the year ends. Shiba Inu’s fear and greed index was 64%, indicating that traders are tilting to the bullish side. For the past three years, Shiba Inu (SHIB) holders have found it difficult to be in celebratory mode in December. According to CoinMarketCap, when SHIB tapped its all-time high (ATH) of $0.000080 around October 2021, the price tanked until it reached $0.000030 in December. Fast forward to 2022, it was not any better. Although affected by the FTX collapse, the token dropped from $0.000012 in November till it hit $0.0000083 around December 28. SHIB All-Time Performance (Source: CoinMarketCap) Not This Time Lately, SHIB has been inconsistent with its movement. In the last 24 hours, the cryptocurrency reclaimed $0.0000084. But the last seven days have not been the best...

Facing the turmoil of the largest crypto currency exchange, Binance, and recent rocky charts that have seen most crypto assets experience a cutback on their gains, investors are now left wondering what is next on the horizon. With the fear on the rise, most of the top 100 altcoins have retraced in the past week. Recently, many have lost a significant portion of their November gains. In light of this, investors are looking for potential opportunities amidst the fear, uncertainty, and doubt (FUD) affecting the market. “If #FUD becomes prominent, #buythedip opportunities should be worth exploring.” Santiment posted on X on November 27. FUD is inflicting damage on most of the top 100 crypto assets. Source: Santiment Considering the recent developments, Finbold has turned to artificial intelligence (AI) to provide traders with possible safe havens for the upcoming period. Specifically, ChatGPT, an AI program by OpenAI, recommended 5 crypto assets to watch in December based on marke...

Hive Digital Technologies has acquired land and a data center to expand its operations in Sweden, house generation ASIC servers, and increase Bitcoin production. The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden. On Nov. 27, the company announced that it's entered a property transfer agreement with Turis AB to take over the property of a data center previously constructed as a part of the EU Horizon 2020 project. Hive said this new property is in “close vicinity” to its existing data center in Sweden and it plans to further develop the facility in its portfolio. It says the property will also house its incoming generation ASIC servers and increase its Bitcoin (BTC) production. Johanna Thornblad, Hive's country president for Sweden, said that “The new data center will enable HIVE to grow its regional footprint while further demonstrating its commi...

Ethereum-based layer-2 Optimistic Rollup network Optimism (OP) has recorded a 1,687% surge in weekly trading volumes. The latest data from defi analytics platform DeFiLlama indicates a dramatic upswing in trading activity on Optimism, a layer 2 scaling solution anchored on Ethereum (ETH), propelling the network to a trading volume of approximately $300 million.  An update from crypto reporter Colin Wu suggests that the surge in Optimism’s volume is primarily due to the recent security flaw on KyberSwap, which led to a loss of $46.5 million. The breach resulted in the loss of 10,049 wETH, 4,017 wstETH, and 3.98 million Arbitrum (ARB) tokens. According to DeFiLlama, in the past week, Optimism DEX’s weekly trading volume increased by 1,800% MOM to more than $12 billion, significantly setting a record high, surpassing Ethereum. However, this increase was due to a vulnerability attack on KyberSwap, which was transaction… — Wu Blockchain (@WuBlockchain) November 26, 202...

TRON (TRX) has been volatile. As it eyes a spot in the top 10, a key question emerges: can it flip Dogecoin (DOGE)? Tron and Dogecoin: current market dynamics Tron trades at $0.103074, with a market capitalization of approximately $9.14 billion, 10th in rankings.  In contrast, Dogecoin, with its market cap of $11.75 billion and a trading price of $0.082837, sits a notch higher at ninth.  TRON’s ecosystem has seen growth due to recent developments.  You might also like: Nigerian police arrest politician linked to crypto hack The introduction of USDD, an algorithmic stablecoin, by the TRON DAO, supported by protocols such as SunSwap, Uniswap, PancakeSwap, and Ellipsis, aims to enhance TRON’s presence in decentralized finance (defi).  This initiative is part of a more extensive four-stage roadmap that ultimately leads to the launch of the USDD Mainnet.  These plans demonstrate TRON’s dedication to expanding its ecosystem and offer...

Blockchain emerges as a key tool in empowering Black entrepreneurs, tackling the tech industry’s diversity gap. Over the years, the tech industry has struggled with a lack of diversity, particularly in underrepresented communities such as Black and African Americans, as well as other minority groups. While initiatives have been put in place to address this issue, there is still a significant gap in representation, access to funding, and opportunities for Black entrepreneurs.  This article will explore how blockchain can address structural racism and wealth gaps and provide opportunities for Black-owned businesses and projects to thrive. The challenges faced by black entrepreneurs in tech The lack of Black representation in tech goes beyond just meeting quotas. Only 2.3% of U.S. businesses are Black-owned, even though Black people comprise almost 14% of the population. Black-owned businesses also have a higher failure rate, with 8 out of 10 failing within the first 18 m...