China News Daily Official TheBitTimes.com

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Upland’s experimental collaboration with the artificial intelligence (AI) startup Kaedim has proven to be more fruitful, with the metaverse platform seeing a 70% increase in 3D asset production speeds.  It’s an outcome that will enable Upland to populate its immersive virtual world more rapidly while accelerating its pace of innovation.  You might also like: Upland teams up with NFLPA to enhance NFL metaverse experience The partnership represents another key evolution for Upland, which began as a fairly simple, blockchain-based virtual property trading game. With Upland, players can buy, sell, and trade virtual properties mapped to real-world locations while engaging in an economy that caters to entrepreneurs, content creators, and gamers alike.  The concept has caught on, with Upland s...

BONK creators have released an activity overview for community members in the BONKmas program. The exercise requires users to play mini-games in the BONK Arena and purchase in-game items. BONK surged 277% in less than three days following the launch of BONKmas. The creators of BONK, a meme coin launched on the Solana blockchain, have released an activity overview for community members who wish to participate in the project’s “BONKmas,” an event to celebrate the first anniversary of BONK. In a post on X (formerly Twitter), the BONK project’s X account shared a detailed step-by-step process that community members can follow to qualify for receiving the ongoing airdrop exercise. As Santa is preparing the delivery of updated Nice Lists for tomorrow, he decided that a summarized version of all of the Nice List requirements should be shared with the loyal BONK Community to make BONKmas a little bit easier. Activities Overview: Silicon Valley Bonk (SVB)… ...

Lookonchain revealed that $24.3 million worth of ETH was sent to Binance in the past few hours. According to the post, Galaxy Digital was behind the 11.2K ETH transfer. ETH was testing a key support and the lower barrier of a positive price channel at press time. The on-chain tracking platform Lookonchain revealed in an X post this morning that $24.3 million worth of Ether (ETH) was sent to Binance earlier today. According to the post, Galaxy Digital was the entity that made the substantial deposit of 11,200 ETH to the leading cryptocurrency exchange in the past few hours. Note that #GalaxyDigital deposited 11,200 $ETH($24.3M) to #Binance in the past hour.https://t.co/oPJdrwWcwS pic.twitter.com/n0BAyuf5hQ — Lookonchain (@lookonchain) December 18, 2023 The deposit comes shortly after the largest altcoin in terms of market cap dropped by 1.82%. ETH’s 24-hour loss coincided with the 2.27% drop the broader cryptocurrency market suffered in the same per...

Shiba Inu (SHIB) is one of the most popular crypto assets in the market. However, the token’s price has struggled for most of 2023. Since January of this year, the asset has risen by only about 22%, while other cryptocurrencies, such as Bitcoin (BTC), have surged by over 150%. Moreover, SHIB had a significant layer-2 network launch earlier this year. However, the launch did not push the token’s price as far as many expected. Also Read: Shiba Inu: $100 Weekly Investment Since Peak is Worth This Much Despite its lackluster performance in 2023, many fans believe SHIB will surge in the next bull run, expected in 2024. Will Shiba Inu (SHIB) reach $0.001 in the next bull run? If SHIB reaches a price of $0.001, it would mean a growth of about 10,000% from current levels. Even a small investment would reap high returns if the project hits the target. However, reaching $0.001 is no easy task. According to Changelly, Shiba Inu (SHIB) might reach a maximum price of ...

Dogecoin (DOGE) competitor Bonk (BONK) is continuing its steep ascent, nearly doubling up in price over the last 24 hours. The meme asset, which was built over smart contract platform Solana (SOL), recently surpassed its rival Shiba Inu (SHIB) in daily trading volume en route to its price of $0.000028 at time of writing, an 89.3% gain during the last day. The price rise comes after two major crypto exchange platforms – Binance, the world’s largest digital asset exchange by volume, and Crypto.com – announced that they would be adding support for the memecoin. On December 14th, Binance said it would be listing BONK with a “seed” tag, meaning it could exhibit more volatility compared to other digital assets while Crypto.com said it would be adding BONK to its app. Coinciding with the meme asset’s rise in price, Solana Mobile announced that its Saga smartphone has sold out in the US. According to the initial coin offering (ICO) tracking platform ICO Drops, in June, ...

As the week concludes, specific cryptocurrencies show bullish signs, with some presenting appealing investment opportunities.  Finbold has examined the crypto market and identified four digital assets that stand out due to recent price movements, heightened investor interest, or noteworthy development efforts. These options provide attractive investment prospects for the coming week, particularly for investors looking for entry points under $0.10 per coin or token. Dogecoin (DOGE) Even though Dogecoin (DOGE) has retraced below the previously surpassed $0.10 threshold it achieved on December 12, which was for the first time since April, the dog meme coin still displays bullish momentum when viewed on a larger scale. Press Releases This New Crypto Token with Rich Passive Income Opportunities Could be the First to Secure a $1B Market Cap in 2024 Stocks Here’s how much a $10k investment in Pfizer stock 5 years ago is now worth Pr...

DeFiChain highlights what makes its Virtual Machine better than the Ethereum Virtual Machine (EVM).  The analysis pointed out that EVM faces issues such as high transaction fees, risk of attacks, and slow processing time. DeFiChain said its model solves these issues while balancing the interests of developers and customers.  In a recent Analysis , Decentralized Finance (DeFi) and Web3 gateway DeFiChain explored the differences in their Virtual Machine model compared to Ethereum’s Virtual Machine (EVM). In the post shared on X, DeFiChain highlights the challenges associated with Ethereum’s architecture. As detailed in the Analysis , that includes issues such as high transaction fees and slow processing time. DeFiChain said these issues create bottlenecks for new users and applications.  However, the bottlenecks with Ethereum have led to the need for more scalable, secure, and cost-efficient solutions in the DeFi sector. Per the Analysis , thi...

Bitnomial received approval from the US CFTC to register as derivatives clearing house in the United States.  The approval, which is the first of its kind, came after the CFTC Commissioners voted 2-1 in making the decision.  Bitnomial, an exchange founded in 2014, already has exchange and broker licenses. Bitnomial, a cryptocurrency derivatives firm, received approval from the Commodities Futures Trading Commission to register as derivatives clearing entity in the United States, Reuters reported Wednesday.  The CFTC voted in favor of the Chicago-based cryptocurrency firm’s request to act as its own registered clearinghouse on Wednesday. Bitnomial’s proposal was approved by CFTC commissioners. While two Democrat and two Republican CFTC Commissioners voted in support, a third Democrat, Commissioner Christy Goldsmith Romero, voted against it.  According to the Reuters report, this approval is the first time the commodities regu...

An ex-Facebook diversity executive pleaded guilty Wednesday to stealing more than $4 million from the social media giant “to fund a lavish lifestyle” in California and Georgia, federal prosecutors say. Barbara Furlow-Smiles led various Facebook Diversity, Equity, and Inclusion programs from 2017 through mid-2021. According to the U.S. Attorney’s office in Atlanta, she stole the money “through an elaborate scheme.” JUST IN: Ex-Facebook diversity manager pleads guilty to stealing $4 million from company. pic.twitter.com/9b5lQndKqJ — Watcher.Guru (@WatcherGuru) December 13, 2023 Among other things, prosecutors say that Furlow-Smiles caused Facebook to pay people for goods and services that were never actually provided to the company. In return, those individuals paid her kickbacks. “These individuals included friends, relatives, former interns from a prior job, nannies and babysitters, a hair stylist, and her university tutor,” t...

Lawyers in Singapore have questioned Three Arrows Capital ( 3AC ) founder Su Zhu in court for the first time as they continue the search for billions of dollars of creditors’ funds, reports Bloomberg. In a two-day private hearing this week, Zhu took questions from lawyers representing Teneo, the firm tasked with liquidating 3AC. According to unnamed sources close to the proceedings, questioning focused on how and why 3AC failed and exactly where the missing assets went. Teneo estimates that somewhere in the region of $3.3 billion is owed to 3AC creditors and the liquidator is seeking to claw back $1.3 billion from Zhu and his 3AC co-founder Kyle Davies. Zhu was arrested under a committal order at Singapore’s Changi Airport in September after he ignored a court order and attempted to flee the country. The order stipulated that both Zhu and Davies were to be arrested on sight and imprisoned for four months . Zhu is reportedly set to be release d this month for good behavior. Liqu...

As 2024 draws near, the time has come to look back at the year almost behind us and examine all the trials and tribulations, as well as the positive developments that the flagship decentralized finance (DeFi) asset, Bitcoin (BTC), experienced during these eventful months. Indeed, the largest asset in the cryptocurrency industry by market capitalization started the year off on the right foot, already racing as much as 37.56% in January alone, in a winning streak that saw it go from a mere $16,604, where it stood on December 31, 2022, to $22.840 as of January 31, 2023. Since then, Bitcoin has moved in a more or less consistent upward fashion, gaining only 1.65% in February but making its first more significant movement toward the end of March, as it soared nearly 41% from $20,195 on March 11 to $28,460 on March 24, becoming the best-performing asset class in Q1 2023. In April, it crossed another significant threshold, this time at $30,000, staying above it for a week before falling b...

Celestia and Polygon Labs have partnered to integrate Celestia’s data availability layer with Polygon’s Chain Development Kit. This partnership marks a step in advancing the capabilities of Layer 2 projects like OKX, Immutable, Astar, IDEX, and Palm Network, which are part of Polygon 2.0 – an ecosystem designed for inter-operating Layer 2 chains. Get ready, modular community. Build whatever… with zk. — Polygon (Labs) (@0xPolygonLabs) December 11, 2023 You might also like: Layer 2 projects experiencing a boom after The Merge Layer 2 networks, mainly those built using Polygon’s CDK, utilize zero-knowledge rollup technology. This method involves aggregating transactions off-chain and consolidating them on the mainnet. Data availability verification is key to this process, which ensures all network participants can access and validate data stored off-chain. However, a challenge presents itself with Ethereum, the underlying platform for many of thes...

Tether claims that it has voluntarily frozen 161 sanctioned USDT addresses as part of a new policy introduced to help it work with regulators and law enforcement agencies. Specifically, it’s complying with the sanctions list of Specially Designated Nationals (SDNs) drawn up by the Office of Foreign Assets Control (OFAC). It’s also going along with a number of other law enforcement seizure requests. However, skeptics doubt that its new policy is voluntary given that a few weeks prior to the action, US Secret Service and FBI agents began surveilling the firm. Regardless of whether the decision to comply with sanctions was voluntary or by decree, it might be a step in a positive direction. Of Tether’s 161 freezes, only 11 wallets held a non-negligible quantity of USDT . It claimed that freezing the 150 OFAC-sanctioned wallets with negligible balances served as “additional precautionary measures.” Tether gives FBI peek behind the curtain Read more: Tether timeline: Th...

The Digital Assets Commission has approved El Salvador’s bitcoin bond, known as the Volcano Bond. The Volcano Bond is a part of El Salvador’s mission of transforming the country into the world’s first Bitcoin city. President Nayib Bukele also confirmed the Volcano Bond’s regulatory approval via an X post. The Volcano Bond, El Salvador’s long-anticipated Bitcoin bond, has acquired regulatory recognition from the Digital Assets Commission. The bond is expected to be launched in the first quarter of 2024, making it the world’s first Bitcoin Bond. The National Bitcoin Office (ONBTC) of El Salvador shared an official post on X asserting, “This is just the beginning for new capital markets on Bitcoin in El Salvador.” BREAKING NEWS The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD). We anticipate the bond will be issued during the first quarter of 2024. This is just the beginning for new capital markets on #Bitcoin in ...

The crypto spot and futures trading platform Bitget announced on December 11 a multimillion-dollar investment in Morph, a Layer 2 consumer blockchain for value-driven dApps. An important factor behind Bitget’s invest ment is Morph’s roll-up technology, which enables secure and flexible transactions for dApps and speeds up dispute resolutions by utilizing the “best Features of Optimistic and ZK roll-ups to reduce cost barriers,” according to the latest information shared with Finbold . Bitget Managing Director Gracy Chen described Morph’s team as vibrant and highly experienced. She believes the blockchain has the potential and the knowledge base to help encourage mass adoption. Chen added that the invest ment was part of Bitget’s broader strategy to build relations with innovative and promising Web3 projects. Morph Gearing Up for Seed Round Morph is reportedly excited over the cooperation with Bitget and specifically highlighted the ability to leverage the invest ment firm’s larg...

The U.S. Department of Justice shares supervision details over Binance. The document appeared on the DoJ’s website on Dec. 10, 2023. According to the agreement, the supervisory authority will exercise government supervision over the company’s work and its business activities on several key points. This includes a “Statement of Facts” admitted by Binance, a “Compliance Commitment,” and a description of the DoJ’s “Compliance Monitor.” Former U.S. Securities and Exchange Commission (SEC) employee John Reed Stark believes that the requirements of DoJ could spell doom for the embattled crypto exchange. Breaking News: A Binance Double Whammy. 1) Newly Unsealed US DOJ Filings Could Mean the End of Binance; and 2) SEC Files Supplemental Pleading Against Binance, Strengthening the SEC Binance Lawsuit Exponentially There’s been a flurry of newly released Binance-related filings… pic.twitter.com/igN2I9Y7cP — John Reed Stark (@JohnReedStark) December 9, 2023 Stark emphasize...

Author：0xMingyue Editor：Colin Wu 1. Hong Kong’s Weekly Summary 1.1 Hong Kong Financial Secretary Paul Chan: Government Will Subject Blockchain Financial Innovation Businesses to Appropriate Regulation link On December 7th, the Financial Secretary of Hong Kong, Paul Chan Mo-po, stated that blockchain technology is a crucial means to promote the development of financial innovation. However, he also acknowledged the associated risks. The government’s approach is to place such businesses under appropriate regulations to protect investors and financial security, preventing financial risks from spreading to mainland China. 1.2 Hong Kong Monetary Authority Prepares for the Issuance of a Second Tokenized Green Bond and Initiates Related Research link On December 6th, Eddie Yue Wai-man, the Chief Executive of the Hong Kong Monetary Authority (HKMA), announced that the HKMA and the government plan to co-organize a “Green Finance Week” in February next year. Additionally, the HKMA is preparing to...