Features Today TheBitTimes.com

Renowned cryptocurrency analyst Michaël van de Poppe has taken to X to share his top 10 altcoin picks that he believes offer tremendous buying opportunities. Van de Poppe emphasized in a tweet thread that these market corrections are the times when investors make money, not when everything is booming. The analyst began by noting that the altcoin market capitalization has seen a correction, which ultimately leads to dip buying opportunities. However, he also pointed out that when looking at the broader scope of things, the correction is not significant, and there is still way more to gain in the market. Also read: Ripple (XRP) Forecasted to Hit $1.6: Here’s How The markets are dipping, and #Altcoins are providing tremendous buying opportunities. The money is made during these times, not when everything is pumping through the roof. That's why I've compiled a Top 10 of #Altcoins, so you don't have to do the work yourself. — Michaël van de Poppe (@Cryp...

The co-founders of crypto media Bankless are seeking to separate their brand from BanklessDAO some two years after the launch of DAO. Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X (formerly Twitter) on Nov. 26 to announce that they also plan to burn all of their BanklessDAO (BANK) tokens on the back of this proposal. Hello CT To lead with the obvious, we could be better in accepting criticism of @BanklessHQ. I hold Bankless very dear, and I've got an innate reflex to protect it when I see it being unfairly attacked. This clouds my ability to hear what CT is trying to tell me,… pic.twitter.com/7L5ufQ1bAu — DavidHoffman.eth (@TrustlessState) Novem...

Bitcoin dominance is a largely redundant metric — if you believe BTC and crypto "altcoins" should be in the same category at all that is. Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%.  Bitcoin dominance. Source: Coinmarketcap.com However, a closer analysis suggests that the concept of "Bitcoin dominance" might not be as informative as it seems, especially when considering the broader dynamics of the cryptocurrency market. Dominance: A misleading BTC indicator? The term "Bitcoin dominance " refers to BTC's share of the total market capitalization of all cryptocurrencies. While on the surface, it seems to reflect Bitcoin's market strength, this metric largely represents the trading activity between Bitcoin and Ether (ETH), the second-biggest cryptocurrency and the largest altcoin by market cap.  This dynamic can distort the perc...

At the Web Summit in Lisbon, a fake DJ appeared to advertise the launch of non-existing Adidas’ new Adicoin coin, but something went wrong. What is Adicoin According to a crypto.news editor Lena Bozhkova, a presentation of the new Adicoin with DJ Marshmello took place at the Web Summit in Lisboa. Source: crypto.news The idea behind the crypto was to “help workers in Adidas factories.” The presentation revealed the employees will have a chip that tracks their movements and the work process, thus mining Adicoins. The coins could only be spent in the virtual world of Adiverse, where workers can enjoy the good life online. “Well, if money isn’t going to solve their problems, maybe there is a Bitcoin instrument that can. A crypto, AdiCoin. A crypto they can earn by working and spend in a virtual world.” AdiCoin press conference However, Adidas’ representatives never announced the launch of this token. In fact, it never existed. Source: crypto.n...

The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer's protocol until further notice. Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently "under an attack ." The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer's protocol until further notice. The balancer frontend is under an attack . The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice! — Balancer (@Balancer) September 19, 2023 Balancer said the details of the attack are under investigation. The firm hasn't confirmed whether user funds are safe at this point in time. However, one blockchain analyst, ZachXBT claims $238,000 was stolen within the first 30 minutes of Balancer breaking the news. Stolen funds are being directed to this address 0x645710Af050E26bB96e295bdfB75B4a878088d7E ~$238k ...

Network, futures and user data all point toward Ethereum potentially charting a new course. Ether (ETH) price has been dealing with some strong headwinds and on Sept. 11, the price of the altcoin endured a critical test when it plunged to the $1,530 support level. In the days that followed, Ether managed to stage an impressive recovery, by surging by 6%. This resurgence may signal a pivotal moment, following a month that had seen ETH endure losses of 16%.  Even with the somewhat swift recovery, Ether’s price performance raises questions among investors about whether it has the potential to climb back to $1,850, and ETH derivatives and network activity might hold the key to this puzzle. Ether/USD price index, 1-day. Source: TradingView Macroeconomic factors have played a significant role in mitigating investor pessimism given that inflation in the United States accelerated for the second consecutive month, reaching 3.7% according to the most recent CPI report. Such data reinforces t...

Bankrupt crypto lender Celsius Network has been granted permission to convert its altcoin holdings into bitcoin (BTC) and ethereum (ETH). The move will allow the company to distribute funds to its creditors in the two most widely used cryptocurrencies.  Celsius Network, a bankrupt crypto lender, has been approved by the US Bankruptcy Court for the Southern District of New York to convert its altcoins into bitcoin or ether.  Starting tomorrow (July 1st), Celsius will sell all creditors' altcoins (except for Custody accounts) and convert them into #Bitcoin and #Ethereum. More details on https://t.co/2XWwRMKE3L — Celsians (@CelsiansNetwork) June 30, 2023 The court order, issued by Judge Martin Glenn on June 30, allows Celsius to sell all its altcoins starting July 1, 2023. The decision to convert altcoins to bitcoin or ethereum is a strategic move by Celsius as it seeks to maximize the value of its assets, as BTC and ETH are the two most liquid cryptocurrencies. Convert...

Luxembourg-based crypto exchange Bitstamp will suspend trading of seven major alt coins for US customers starting Aug. 29, 2023. The affected cryptocurrencies include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND), and Solana (SOL). After Aug. 29, all trading with these altcoins will be halted. Update for our US users Starting August 29: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments. Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected. More info:… — Bitstamp (@Bitstamp) August 8, 2023 Bitstamp clarified that while trading for these tokens will be temporarily halted, users can still retain these assets in their accounts and withdraw them as desired. The decision follows the SEC’s recent allegations that these seven tokens are unregistered securities, as evidenced by complaints filed against major cryptocurrency exc...

Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown. Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held.  Last week, the SEC sued Binance and Coinbase, accusing them of offering a number of alt coins as  unregistered securities. As a result, many of the tokens mentioned in the lawsuit were delisted by major trading platforms which made their price tank. According to Held, Tokens that “had fair or transparent launches”, such as Litecoin, Dogecoin and Monero, do not match the definition of a security that the SEC is following and therefore are likely to avoid the current crackdown .  Related: SEC charges against Binance and Coinbase are terrible for DeFi “It definitely seems like the SEC has carved that out as something that they won't be going after”, he said in an exclusive interview w...

The BRC-20 token standard utilizes Ordinal inscriptions to deploy token contracts, mint tokens, and transfer tokens. A new daily all-time high (ATH) has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain. Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high (ATH) of 31,692 on March 9 by 83.5% according to Dune Analytics data. The surge is believed to be driven by the recent creation of " Bitcoin Request for Comment" (BRC-20) Tokens on the Ordinals protocol by a pseudonymous on-chain analyst named Domo in early March. Daily count of Ordinals inscriptions shown in green. Source: Dune Analytics While Ordinals are nonfungible token (NFT)-like “digital artifacts” which carry data in the form of text, JPEG images, PDFs, video and audio formats on the Bitcoin network, the BRC-20 token standard utilizes Ordinal inscriptions to deploy token contracts, m...

The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia. The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 billion wipe out in the Terra ecosystem last May. Two agencies within the department — the Federal Bureau of Investigation (FBI) and Southern District of New York (SDNY) have interrogated former staff at Terraform Labs in recent weeks, according to a Mar. 13 report by the Wall Street Journal (WSJ). The probe covers similar ground to a lawsuit filed against Terraform Labs and its founder Do Kwon by the U.S. Securities Exchange Commission on Feb. 16, according to people familiar with the matter. Among topics that investigators have asked about was the relationship between Chai, a South Korean-based payment platform and the Terra blockchain on which USTC operated. The SEC alleged in its filing alleged that Kwo...

The possibility of hosting Bitcoin NFTs on Stacks pushed STX price to new yearly highs, but there are concerns on whether the bullish thesis becomes reality. Stacks is one of the first blockchains to enable a way for minting Bitcoin (BTC) Ordinals, which puts it in an excellent position to benefit from the hype. However, Ordinals have invoked an issue from the past where Bitcoin maximalist ideologies will be tested if the NFTs lead to network congestion. On top of that, Stacks has yet to deliver all the functionalities required to support an NFT trading ecosystem and it faces competition from projects in other blockchain ecosystems. The fundamental and technical analysis of the project suggests that the price surge might have reached overbought conditions and may correct in the near term. Ordinals development is unpredictable for now The recent focus on inscribing NFTs on the Bitcoin network peaked in the last month after Casey Rodarmor inscribed an Ordinal on Jan. 29. While the trend...

Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus. Online fraudsters are impersonating major cryptocurrency firms like Ripple and Binance by creating fake websites and email imposters pretending to provide staking services for XRP. One such website, ripple.com-staking.tech, includes a blog post titled “XRP staking set to debut January 2023 for retail users,” inviting users to “stake” their XRP with unrealistic returns on investment (ROI), ranging from 12% to 27%. The fake scheme attempts to rush XRP investors’ decision by stating that only the first 10,000 accounts will receive a higher ROI. The fake website provides a well-crafted clone of Ripple’s website, ripple.com, by copying the original layout, and fonts and linking some of its previous blog posts. The impersonators also attempted to add more credibility to their posts by adding information about the importance...

There is yet no opportunity to know whether US dollar-backed stablecoins like USDT or USDC will be allowed in Japan by June 2023, the FSA said. Japan’s new regulations allowing investors to trade using stablecoins like Tether (USDT) are expected to be adopted no later than in June 2023, according to a local financial authority. The Financial Services Agency (FSA) of Japan is working on lifting the ban on the domestic distribution of stablecoins, planning to allow certain stablecoins later this year. “This does not mean that all foreign products of so-called ‘ stablecoins ’ will be allowed without any restriction,” a spokesperson for Japan's FSA said in a statement to Cointelegraph. FSA will only allow stablecoins that successfully pass individual checks ensuring that such cryptocurrencies are safe from the viewpoint of user protection, the FSA representative stated. Examples include foreign issuers in their countries being subject to equivalent regulations in Japan, with underlyi...