Bitcoin News Official TheBitTimes.com

The Ethereum network recently witnessed some of the highest Maximal Extractable Value (MEV) reward blocks in history, following a vulnerability on the Curve Finance platform. This event significantly reward ed MEV bots that front-ran transactions during the defi crisis, leading to an unprecedented rise in MEV incentives. Ethereum (ETH) core developer “eric.eth” disclosed in a tweet on July 31 that the MEV reward s that day were amongst the largest in the blockchain’s history. Today has produced some of the largest MEV reward blocks in Ethereum’s history. Slot 6,992,273: 584 ETH Slot 6,993,342: 345 ETH Slot 6,992,050: 247 ETH Slot 6,993,346: 51 ETH — eric.eth (@econoar) July 30, 2023 This came on the heels of a significant vulnerability detected and exploit ed on July 30, enhancing the MEV opportunities for Curve Finance’s stable pools. You might also like: BSC suffers $73k Vyper attack following Curve Finance exploit Following the turmoil, developers across the ecosys

Bitcoin’s price consolidation is giving altcoin traders confidence that DOGE, MKR, OP and XDC could break out. Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher. Bitcoin’s consolidation has pulled its market dominance to 48% from over 50% on June 30. This shows that market participants have been gradually shifting their focus to select altcoins, which are starting to move up. Crypto market data daily view. Source: Coin360 However, an altcoin recovery is likely to remain in place only till Bitcoin shows strength. If Bitcoin turns down sharply, the possibility of a sell-off in altcoins remains high. While select altcoins provide trading opportunities, cryptocurrency traders should be careful and keep a close watch on Bitcoin’s price action. What are the important support and resistance levels

Golden Egg Wonderland players can exchange their in-game egg NFTs for physical gold eggs. Backed by the FRUITS Eco-Blockchain Project, the upcoming Web3 game Golden Egg Wonderland will allow players to exchange in -game NFTs for real golden eggs. Since its inception, Web3 gaming has become a crucial part of the blockchain ecosystem. Blockchain-based games still hold a 36% dominance in on-chain wallet activity over nonfungible tokens (NFTs), decentralized finance (DeFi) and social networks, according to the latest Q2 report from DappRadar and BGA. Players’ ability to utilize gameplay mechanics to collect in-game tokens and NFTs that can be exchanged into real-world value, also known as the play-to-earn (P2E) trend, is a primary driver for the growth of the Web3 gaming space. As with any new trend, blockchain-based P2E games continue to evolve to benefit players. Thanks to the traceability and transparency of digital ownership provided by blockchain technology, in -game items can be

Join Our Telegram channel to stay up to date on breaking news coverage Leading cryptocurrency exchange Binance and its CEO, Changpeng “CZ” Zhao, are taking action to dismiss a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC). The legal representatives of Binance and CZ argue that the CFTC exceeded its regulatory jurisdiction and displayed regulatory overreach in its actions. This legal battle between Binance and the regulatory authority could have far-reaching implications for the cryptocurrency industry. #Binance and its CEO, Changpeng “CZ” Zhao, have officially requested the dismissal of a lawsuit brought by the United States #CFTC. The motion, submitted on July 27, accuses the CFTC of overstepping its regulatory boundaries and engaging in regulatory overreach. — Crypto Winner (@_CryptoWinner) July 28, 2023 Binance’s defense aims to challenge the CFTC’s assertions and establish its position in the evolving regulatory landscape surrounding d

Web3 platforms can now address major concerns on traditional freelance boards using decentralized technology and crypto. For many in the global workforce, the 9-to-5 workday is outdated. After a lengthy commute to work, which for some may be three hours each day, many find that upon returning home, they are too exhausted to enjoy their lives, leaving them in a vicious working cycle. Fortunately, with more collaborative technology than ever before and the overall culture of digital nomadism taking over, a new freelancing model is now making its way into the mainstream. Those who have taken up a freelance lifestyle full-time have highlighted several benefits that make it an attractive career choice, according to freelance gig platform Upwork. For one, freelancing offers a level of flexibility, giving workers the freedom to set their own working hours and choose their work environment, thereby escaping the restraints of the 9-to-5 cycle. Whether it’s working from the comfort of their

XDC Network (XDC) is up by more than 11% in the last 24 hours, representing a nearly 100% increase on the monthly timeframe. Amidst weeks of Bitcoin (BTC) fluctuating between the narrow range of $29,000 and $31,000, the XDC Network (XDC) has exhibited impressive bullish momentum. Interest in XDC seems to be increasing due to its recent price surge and partnerships.  In June, XDC Network forged a strategic partnership with Tokyo-based financial holding company SBI. This collaboration aims to expand XDC’s presence in Japan, a country known for its growing interest in blockchain technology. The announcement of this partnership sparked a notable surge in the price of XDC, with its native token registering an impressive 28% price gain on the charts. You might also like: Binance to launch Japanese crypto services in August XDC price action As of the latest data, the price of XDC Network (XDC) stands at $0.060794, reflecting a remarkable 11.6% increase in the past 24 hours. Ov

Australian computer scientist Craig Wright, who claims to be Satoshi Nakamoto, the mysterious founder of Bitcoin (BTC), must pay $516,000 in legal costs to pursue claims against crypto exchanges Coinbase and Kraken.  James Mellor, the presiding judge at the England and Wales High Court, issued a judgment on July 27, expressing doubts about Wright’s ability to fund the legal expenses, pointing to inconsistent statements about his financial position. The case revolves around trademark infringement, with Wright asserting that he owns the rights to the name “Bitcoin.” He argues that the exchanges cannot use the term for assets like BTC and Bitcoin Cash (BCH), which he believes deviates from his original system. You might also like: Bitcoin cash price rises as Binance.US addresses recent concerns The preliminary judgment required Wright’s company, Wright International Investments Ltd (WII), to provide security deposits of $323,900 and $193,000 for the legal costs of Coinbase a

Data analytics platform Gov Capital has used deep learning algorithms to predict Shiba Inu’s (SHIB) daily price till July 27, 2028. To the disappointment of many fans and users, the firm does not expect SHIB to hit $0.01 or $1. However, it predicted that the asset’s price will surpass its all-time high of $0.00008616. According to Gov Capital’s deep learning algorithm, SHIB’s price could reach a high of $0.000207 on July 26, 2028. This represented a 2530.24 % gain from current levels. In fact, as per the platform, SHIB is predicted to enter the three-zero territory by September 2026. Source: Gov Capital Also Read: Shiba Inu Burn Tracker Explains Why Burns Are Not Moving Prices However, as per the platform, Shiba Inu (SHIB) might not attain its target of $0.01 or $1 anytime soon. However, the deep learning algorithm might not have all the data necessary. Can Shiba Inu go higher than $0.000207? Source – Twitter The deep learning algorithm used to calculate SHIB’s pri

Cointelegraph analyst and writer Marcel Pechman explains why debt might be good for Bitcoin, and discusses JPMorgan’s method for trading debt instruments. In the latest episode of Macro Markets , Cointelegraph analyst Marcel Pechman discusses the United States Federal Reserve’s delicate balancing act of curbing inflation without causing a recession and sheds light on the potential implications for the cryptocurrency market. In the crypto world, the anticipation of rising interest rates could have a short-term negative impact. This may lead to a loss of confidence in the U.S. dollar, potentially resulting in a downturn for the crypto market. Nevertheless, Pechman remains optimistic about the potential of Bitcoin (BTC), highlighting its hard-locked monetary policies as a key factor in maintaining value during times of economic uncertainty. The much-awaited approval of a spot Bitcoin exchange-traded fund takes center stage, as it could be a game-changer for the crypto market, potentially

Many investors actively seek new investment opportunities to diversify their portfolios. Amid this search, Dogecoin (DOGE) and Tradecurve (TCRV) can be options to consider. However, experts and traders are still debating which of the two can provide better returns if added to a diversified portfolio. This article explores the potential of DOGE and TCRV based on ChatGPT’s assessment. >>Register for Tradecurve presale<< ChatGPT’s outlook on DOGE We first asked what ChatGPT thinks of DOGE. The artificial intelligence (AI)-driven chatbot noted that DOGE traded at $0.065350 on July 13. 2023.  The coin rose 5.5% in the last 30 days, adding 3.3% in the past two weeks, pointing to increasing bullish momentum. You might also like: ChatGPT picks Tradecurve, Aave, and Sui for investors to explore ChatGPT also picked out several factors which can support prices in coming sessions. Some include the increasing use of platforms accepting meme coins for payment, a support

Bitcoin price fell 3% to the $29,000 level, with the price currently trading near $29,280. In the last 24 hours, BTC price recorded a low and high of $29,068 and $30,330, respectively. advertisement Ethereum prices also plummeted below the $1850 level. The ETH price fell over 2% in the last 24 hours, with the price currently trading at $1,848. The 24-hour low and high are $1,837 and $1,904, respectively. XRP price fell over 3% to extend fall to 6% in the past 24hrs. Other altcoins including Cardano, Polygon (MATIC), and Solana also tumbled nearly 3%, with the global Crypto Market falling 2.3% to $1.17 trillion in the last 24 hours. Why Bitcoin and Crypto Price Are Falling Suddenly? Coinglass data indicate massive longs liquidation of $150 million today, July 24. More than 50 k  traders were liquidated in the last 24 hours, with the largest single liquidation order on  OKX’s BTCUSDT swap worth  $2.57 million. As a result of selloff, the broader Crypto Market

Borroe and Injective are increasingly being explored due to their approaches and potential to transform crypto. We should take a closer look at the latest advancements that have piqued the interest of investors and why these initiatives can be significant. Borroe’s ROE is set to rise by 25% Borroe is a platform that empowers web3 businesses to convert their future recurring income into non-fungible tokens (NFTs) for upfront cash.  Its mission is to create a funding engine for the web3 ecosystem. This concept allows businesses to access much-needed funds quickly and efficiently. Borroe’s strategic focus on businesses with recurring revenue streams like decentralized finance (DeFi) platforms, NFT marketplaces, and web3 gaming has appealed to crypto investors. The platform fills a crucial funding gap for businesses in this space. You might also like: Bitcoin Cash uptrend wanes as Cardano holds firm, investors exploring Borroe The Stage 1 presale of ROE is currently ongoi

This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital returning to crypto. The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits.  According to Binance, the “current market environment and regulatory climate” have caused a decline in profits, suggesting more cuts may be in the works. A spokesperson told Cointelegraph the firm would consider scaling back on “certain products, business units, staff benefits and policies” in response to business and regulatory concerns. Binance has yet to face the courts and the 13 charges brought against it by the SEC, as well as the outcome of an investigation by the U.S. Justice Department targeting its activities and executives

Bloomberg Analyst On Spot Bitcoin ETF Approval by US SEC Bloomberg Intelligence ETF analyst James Seyffart in an interview with Paul Barron Network reflected on Bitcoin ETF s status, BlackRock spot Bitcoin ETF , odds of approval by the US SEC, the impact Judge Torres’ ruling in US SEC v. Ripple Labs , political pressure, and crypto regulations. advertisement He said there are currently many BTC ETF filings with the SEC, with BlackRock filing making the most noise as traditional financial firms make another stride into the crypto market. While Ark Invest and 21Shares’ spot Bitcoin ETF application is first in line, BlackRock looks to capitalize first with a sudden move. “We are officially at 50-50 odds. The SEC had a list of things they needed to have happen before they approve a Bitcoin ETF and issuers have knocked those things off the list. The SEC wanted a surveillance sharing agreement with a regulated market of significant size that has been in every single