Cryptocurrency News Today TheBitTimes.com

On Aug. 30, Binance informed users via its in-app notification about its intended discontinuation of the BUSD stablecoin support in early 2024. Binance intends to cease support for the BUSD stablecoin. The move indicates a shift in Binance’s operations amidst ongoing legal battles. As Paxos has halted minting of new BUSD, #Binance will now gradually remove support for the stablecoin on our platform. BUSD will always remain backed 1:1 by USD, and we continue to support a wide range of other stablecoins. Find more details below. — Binance (@binance) August 31, 2023 In a statement released to the public by Binance on Aug. 31, Binance confirmed its commitment to maintain support for various stablecoins and digital assets within its platform. However, users are advised to convert their BUSD holdings into other assets offered on Binance before February 2024 for a smooth transition. The exchange has also assured users their BUSD balances can be traded for First Digital USD...

Giddy, a self -custody smart wallet with advanced private key technology, has integrated Ethereum, the pioneer smart contract platform. The aim is to enhance the wallet functionalities and accessibility across multiple networks, enhancing user experience. Giddy expands, supports Ethereum The Giddy smart wallet aims to provide its users with an easy retail experience, allowing them to access decentralized finance (defi) earning opportunities. The project initially launched on Polygon. In a press release shared exclusively with crypto.news, this expansion will set the course for future expansions into EVM-compatible laye-1 and layer-2 platforms. Specifically, the wallet provider aims to integrate Arbitrum, Base, BNB Chain, and many more, in the future.  You might also like: PancakeSwap launches on Ethereum layer-2 solution, Base There are also solid plans to list Bitcoin. With this, users can buy multiple coins using fiat straight from the Giddy wallet . At the same ...

Lufthansa Group, the flag carrier of Germany, has introduced Uptrip, a new loyalty program leveraging non-fungible tokens (NFTs), on Polygon, an Ethereum sidechain. Different airlines, including Austrian Airlines, Swiss International Airlines, among others, are part of the program . The initiative offers passengers NFT rewards that unlock various benefits like access to exclusive airport lounges, WiFi, and bonus airline miles. You might also like: Etihad Airways to launch web3 loyalty program with NFTs The company aims to enhance the current NFT Uptrip by introducing a trading feature on Polygon and Ethereum. With around 36 million customers already in their conventional loyalty programs, the Lufthansa Group aims to onboard all of them to this new initiative. A growing number of airlines are embracing NFTs to enhance customer experiences and strengthen loyalty . They’re achieving this by partnering with blockchain projects like Polygon. In July 2022, Latvian airl...

As the 2024 US presidential election looms, will the White House’s next occupant usher in a cryptocurrency bull market, or will they double down on stringent regulations? Reigning President Joe Biden, who seeks a second term, has offered a mix of skepticism and caution towards the digital finance realm. Under his watch, proposals like the 30% tax on crypto mining have stirred debate, while his 2023 Economy Report (Chapter 8) highlighted the speculative nature of many crypto assets, emphasizing the perils that even stablecoins can encounter, like the run risk. Arrayed against him is a suite of challengers, each bearing their crypto credo. Many of them, such as Robert F. Kennedy Jr., Vivek Ramaswamy, Ron DeSantis, and the indefatigable Donald Trump, have voiced more favorable views toward Bitcoin (BTC) and its digital counterparts.  With their distinct visions for cryptocurrencies, these contenders promise a departure from the current administration’s perspective. Accord...

Basketball legend Michael Jordan’s net worth stands at $3.5 billion and is currently higher than the entire NFT market, which was valued at over $15 billion just two years ago. Basketball icon Michael Jordan, often heralded as the greatest-of-all-time (GOAT), has added another notch to his already illustrious belt. A recent stake sale in the Charlotte Hornets has catapulted Jordan’s net worth to an estimated $3.5 billion, per data from the Bloomberg Billionaires Index.  This significant financial achievement becomes even more note worth y when compared to the declining non-fungible token (NFT) market . Once a thriving sector in crypto, NFTs have recently experienced substantial drops in trading activity and value. After selling his stake in the Charlotte Hornets, Michael Jordan's net wealth is now $3.5bn, more than pretty much the entire NFT market combined. pic.twitter.com/Yz6KOod2HA — NFTstats.eth (@punk9059) August 30, 2023 NFTs have gone from boom to ...

If you have even the slightest interest in finance or investments, there is a decent chance you heard of cryptocurrencies in the past decade. Bitcoin has become a household name, with its famous rallies captivating the public.  That said, only a tiny minority understands how this asset class operates. A platform like Cryptocurrency Help is an asset when learning the ropes. Going into the crypto sector with information puts you at an inherent advantage and a suitable educational platform provides a foundational base for understanding everything blockchain. This knowledge and reference are vital to avoiding costly errors that can be devastating to your bottom line. Here are a few things to know before buying crypto for the first time:  1. You are responsible for your coin security  With great power comes great responsibility.  The crypto currency sector is an embodiment of this statement. Users have unprecedented control over their financial assets but also run a gre...

Santiment shared that ETH’s on-chain metrics are not showing any concerning signs at the moment. ETH’s trading volume, as well as the supply held by ETH whales, have declined drastically. On the other hand, development activity for ETH has not stopped increasing since the project’s inception. On -chain metrics for Ethereum (ETH) are not showing any concerning signs at the moment, according to a Twitter post shared by the market intelligence platform Santiment earlier today. Although ETH is not showing huge signs of struggle, Santiment suggested that now might not be the most opportune time to invest in the leading altcoin. #Ethereum's market capitalization has undoubtedly been a rollercoaster, like most of #crypto. But are its metrics pointing to any particular concerning signs? Nope. Our latest insight looks at $ETH's rising development activity and plenty more. https://t.co/NSLfp2t0go pic.twitter.com/D5vwHvourV — Santiment (@santimentfeed) A...

CNBC market analyst Jim Cramer says FED Chair Jerome Powell is the reason financial markets “can go higher so easily.” “Powell is winning in so many places, from homes to job openings to starting salaries,” Cramer says in a post on X. “That’s one of the reasons this market can go higher so easily.” Powell is winning in so many places, from homes to job openings to starting salaries. That's one of the reasons this market can go higher so easily — Jim Cramer (@jimcramer) August 29, 2023 Replies to his post were quick to joke about Jim Cramer’s notorious jinx based on his takes, saying that the markets will now go lower because of the Fed Chair. The FED has been in an active battle for a year now in fighting off inflation. Interest rate hikes have come after nearly every FED meeting, and have only just started slowing down this summer. Jim Cramer earlier this month explained on his CNBC show that he sees little inf...

1inch Investment Fund has purchased 6,088 ETH for $10 million, taking advantage of the Ethereum price dip. 1inch stacks up more ETH In a move that’s caught the crypto community’s attention, the 1inch Investment Fund recently acquired 6,088 Ethereum (ETH) for a whopping $10 million, according to blockchain analytics platform Lookonchain.   The purchase was made at a price of $1,655 per Ether, bolstering the fund’s holdings and revealing their confidence in the token’s future price move despite the ongoing crypto winter. The researchers also revealed that the investment fund purchased 17,000 ETH in three separate transactions between January and March. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago. The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14. Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom — Lookonchain...

Dogecoin’s lead developer, Mishaboar, is against DOGE transitioning to PoS. The crypto community on Twitter is divided into two halves, including supporters and opponents of the shift. Ethereum founder said he was excited for Dogecoin’s shift to PoS. Whether Dogecoin will shift to Proof-of-Stake (PoS) or continue with Proof-of-Work (PoW) has been a debate since 2021. This includes Dogecoin Lead Developer Mishaboar, who tweeted his concerns about the PoS model on August 20. If this refers to false “staking”, based on lending then no. The risk is too high unless you are an insider (and even then…). If this refers to a remote possibility of Doge ever switching to PoS, after what I have seen over the past 2 years, i would probably then move to… — Mishaboar (@mishaboar) August 20, 2023 Recently, FBBT Holdings co-founder Marshall Hayner conducted a poll where more than 60% voted that they won’t stake DOGE if it ever becomes stackable. In response, Mish...

Aug 27, 2023 at 12:00 // Price Author Coin Idol Cryptocurrency price Analysis brought by Coinidol.com. The price of Shiba Inu (SHIB) is falling below the moving average lines. Shiba Inu price long term forecast: bearish The price of the cryptocurrency fell to a low of $0.00000728 as the bulls bought the dips. After the drop, the 50-day line SMA stopped the uptrend. The bulls were rejected twice at the last high. At the time of writing, the market has fallen to a low of $0.00000806. SHIB is down after being rejected at the recent high. On the downs...

The rapidly evolving and complex nature of the crypto space requires PR specialists to navigate intricate technical concepts while also addressing a global and diverse community . Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto .news’ editorial. Chris Dixon, a partner at the venture capital firm Andreessen Horowitz (a16z), once said: “Crypto has grown to over a trillion dollars in aggregate market capitalization with almost no marketing spend”. In my personal experience, crypto projects have some of the most sophisticated and expensive marketing, at least relative to their size and funding. What makes crypto unique is the intense competition between protocols and projects to attract developers and users along with their capital. These projects often need to construct multi-sided networks and entice builders way before they have appealing consumer-facing projects. And the community is key...

Aug 25, 2023 at 07:26 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, TRON (TRX) experienced an upward correction after the price plunge on August 17. TRON price long term forecast: bullish The cryptocurrency's price broke above the 21-day line SMA, but remained trapped between the moving average lines. The cryptocurrency has become trapped between the moving average lines as it reaches the overbought zone. The altcoin will likely have to be range-bound for a few days. When the moving average lines are broken, the altc...

FTX is seeking court approval to onboard Galaxy Digital Holdings as an advisor. The bankrupt exchange seeks an asset management company to handle crypto holdings. Galaxy Digital holds nearly $76 million worth of exposure to FTX. According to the latest reports, Billionaire Michael Novogratz’s Galaxy Digital Holdings Ltd. has been hired by FTX to help sell crypto holdings. “A comprehensive management and monetization” developed by the bankrupt crypto exchange aims to protect it from market volatility, as well as “prepare for potential dollarized distribution to creditors.” Bloomberg noted that the regulations allow trading and holding of specific tokens, along with strategies like hedging Bitcoin and Ether, to reduce vulnerability to market fluctuations. Staking, a process where tokens are pledged to support blockchain operations, is also within the scope. Administrators from FTX have clarified that this collaboration with Galaxy was a decision made after ...

On-chain data shows some optimism with Bitcoin whales back in action after dumping last week. On-chain data provider Santiment explains that Bitcoin surged to a peak of $26.8K on Wednesday as significant whale and shark addresses are once more increasing their holdings. Among the 156,660 wallets holding 10 to 10,000 BTC, they’ve gathered a total of $308.6 million since August 17th. advertisement Courtesy: Santiment On the other hand, some reports suggested that Robinhood has been accumulating $3 billion worth of Bitcoin s over the last 3 months. A secret wallet has accumulated this quantity which analysts believe belongs to Robinhood. The secret wallet that bought $3,000,000,000 worth of # Bitcoin in the last 3 months belongs to Robinhood. While you panicked, they bought pic.twitter.com/pEES8e1FJf Recommended Articles Crypto Presale Projects For 2023 To Invest...