Bitcoin News Official TheBitTimes.com

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market is showing mixed signs with some tokens flashing green and others red. The hourly time frame is bullish for most of the top cap cryptos with most of them still recording losses in the daily timeframe. The biggest cryptocurrency by market cap Bitcoin is trading at $23,743 after dropping 3.4% over the last day. AGIX price is also flashing red with 5.5% losses on the day to trade at $0.436 at the time of writing.  Note that Bitcoin rose to as high as $25,000 on Thursday since June 2022, after January’s consumer price index report saw inflation increase 0.5% for an annual increase of 6.4% to start off 2023. The performance of the pioneer cryptocurrency also lifted the second-leading cryptocurrency, Ether, which rose to its highest point since September—about $1,700. Meanwhile, the market sentiment seems to be turning positive as the Fear and Greed Index flipped positive. Accord...

Discover 10 emerging technologies in computer science that are set to shape the future, including quantum computing, extended reality and robotics. Technology is a powerful force that has significantly influenced the future. It has enriched our lives in innumerable ways, from boosting productivity and efficiency to bridging geographical distances. Artificial intelligence (AI), machine learning (ML), robotics and 5G networks are reshaping industries, opening up new applications, and altering our way of life. For instance, precision medicine is enabling patient-specific therapies, and driverless vehicles promise to decrease traffic accidents and increase mobility. However, technology poses new problems such as employment displacement and cybersecurity concerns, but with good planning and management, technology can continue to advance and help create a better future for everyone. Here are 10 emerging technologies in computer science that will influence the future. Artificial intelligenc...

Polygon’s steady ecosystem development and first mover status in launching a zkEVM has traders feeling bullish about MATIC price. Matter Labs, the firm managing Polygon (MATIC), announced that the beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM) would launch on March 27, 2023. It’s possible that Polygon will enjoy a first-mover advantage in this space by launch ing a public mainnet before zkSync and Scroll. Zk-based roll-up technology is accepted as the gold standard for scaling. The existing optimistic-based roll-ups like Arbitrum and Optimism have EVM capability but are less secure because they are “fraud-proof.” Malicious transactions on an optimistic roll-up can stay valid for up to seven days or more before being reversed. Thus, giving an advantage to zk-technology. Moreover, the Ethereum (ETH) community’s focus on Liquid Staking Derivatives may shift toward L2 networks after the anticipated Shanghai upgrade in March. This is because the update following Shang...

The government of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that all local payments be settled in the local currency. The Salva Kiir Mayardit government reportedly said it also wants all signed commercial contracts to be based on the local currency. South Sudan’s Economic Meltdown As part of initiatives aimed at reviving South Sudan’s war-torn economy, the government of Salva Kiir Mayardit recently outlawed U.S. dollar-based transactions, a report has said. In place of the greenback, the government reportedly directed that all local payments be settled with the local currency, the South Sudan pound (SSP). According to a report in The East African, the move by the South Sudan government is likely to negatively impact the operations of importers and regional banks stationed in the hyperinflation-hit country. Prior to banning dollar transactions, Slava Kiir’s government had set up a committee charged with recommending measures to ...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto is in the crosshairs of the US Securities and Exchange Commission (SEC), which is on the attack. The agency is planning to prosecute crypto currency company Paxos for producing BUSD, a stablecoin created in collaboration with Binance, the largest crypto currency exchange in the world, according to a report published over the weekend in The Wall Street Journal. The SEC declined to comment, but Paxos, which has offices in Singapore and New York, stated today that the agency believes BUSD should have been registered as a security in the US, which is subject to stringent requirements. The company issued a statement in which it said it “categorically disagrees” with the notion that BUSD is a security, but added that it has agreed with a directive from the New York Department of Financial Services to stop minting new BUSD, thereby killing the coin. A request for comment from Paxos was not answere...

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day, that it would no longer mint BUSD and it was ending its relationship with the Binance-branded stablecoin in Feb. 2024. Report Claims SEC Plans to Sue Paxos for Alleged Investor Protection Violations, Firm Directed to Stop Minting BUSD Sources cited by the Wall Street Journal (WSJ) say the U.S. Securities and Exchange Commission (SEC) plans to sue Paxos for violating investor protection laws. People familiar with the matter say Paxos received a Wells Notice, a letter sent by a securities regulator regarding a prospective lawsuit. The notice alleges that the stablecoin Binance USD, which Paxos issues and manages, is an unregistered security. Three WSJ reporters published the report and contact...

Join Our Telegram channel to stay up to date on breaking news coverage The Hedera Hashgraph price prediction shows that HBAR is moving with an uptrend, and traders could expect an early arrival of a price rally. Hedera Hashgraph Prediction Statistics Data: Hedera Hashgraph price now – $0.086 Hedera Hashgraph market cap – $2.46 billion Hedera Hashgraph circulating supply – 26 billion Hedera Hashgraph total supply – 50 billion Hedera Hashgraph Coinmarketcap ranking – #26 HBAR/USD Market Key Levels: Resistance levels: $0.110, $0.120, $0.130 Support levels: $0.055, $0.045, $0.035 HBARUSD – Daily Chart HBAR/USD is currently trading bullishly as the coin hovers above the 9-day and 21-day moving averages. The Hedera price has always sought to increase despite the pressure of the market. However, the crypto market is tremendously doing well, and the Hedera price will continue to be flourishing. Hedera Hashgraph Price Prediction: HBAR Cou...

Join Our Telegram channel to stay up to date on breaking news coverage The GameFi industry has been booming as of late, and investors are searching for their next big token that can take their portfolio to the moon. With the rise of P2E games entering the market, CoinMarketCap.com has recently added a new feature, “Play To Earn,” which highlights the latest developments in the gaming world. As GameFi continues to grow, it is important to pay attention to the best upcoming projects in the space. One such project making headlines is RobotEra, a platform that stands out from the rest with its distinctive offerings. Explore the Possibilities of the Metaverse With RobotEra RobotEra offers players an exciting opportunity to design and build their own robots, providing endless possibilities for creativity and self-expression. The platform is expected to be highly user-friendly and accessible, eliminating barriers that have plagued past GameFi projects. The drag-and-drop ...

OpenAI’s chatbot, ChatGPT , has been impressing users since its launch in Q4 2022. In fact, it has made people’s lives easier by assisting them in tasks like penning down elaborative essays and answering various queries. Alongside, it has also successfully cleared various competitive papers, including ones in the U.S. medical licensing exam and Wharton’s MBA exam. In a recent interview with German media house Handelsblatt, Microsoft executive Bill gates opined that ChatGPT is as significant as the invention of the internet. Elaborating on the same, he said, “Until now, artificial intelligence could read and write, but could not understand the content. The new programs like ChatGPT will make many office jobs more efficient by helping to write invoices or letters. This will change our world.” JUST IN: Microsoft $MSFT co-founder Bill Gates says ChatGPT "will change our world." — Watcher.Guru (@WatcherGuru) February 10, 2023 Also Read:...

Despite tough times for the industry, the blockchain MOBA game reached 200k downloads after just two months. Amidst a drastic decline in coin prices, shifting player behavior, and hard-to-maintain tokenomics, it's been a difficult year for many GameFi developers. While more established franchises, such as Axie Infinity, have held ground, other lesser-known projects like Elexir have mostly pulled the plug, with a lack of viable game designs being unable to compensate for the "Fi" element in GameFi. That said, one project which, despite running into all challenges , experienced by its peers, appears to have gained traction anyway. In early February, Blockchain multiplayer online battle arena (MOBA) game Superpower Squad (SPS) surpassed 200,000 downloads on the App Store and Google Play. The game previously launched in Dec. 2022 and surpassed the 100,000 download milestone mid-January.  Superpower Squad game poster (Source: SPS) SPS Features up to 20 players competing in-...

Join Our Telegram channel to stay up to date on breaking news coverage Approximately a year ago, a few crypto industry heavyweights made sassy debuts on the Super Bowl ad lineup, airing pricey ads with slogans like “Don’t miss out” (FTX) and “Fortune favors the brave” (Crypto.com). Then the cryptocurrency market crashed and FTX filed for bankruptcy. Currently, businesses in the sector as a whole are utilizing market ing and PR initiatives to protect their brands , separate themselves from questionable players like FTX, and, in many cases, portray a friendlier face to both investors and regulators. As owners of valuable assets, they are confronted with a tremendous reduction in trust, according to Tom Wason, global principal at Wolff Olins, a brand strategy company that has worked with leading cryptocurrency firms. According to him, businesses in the space are attempting to maintain their current levels of growth—or survival—while reass...