Cryptocurrency News Today TheBitTimes.com

Tamadoge has kickstarted the next era for its play-to-earn ecosystem, announcing the accelerated launch of its $TAMA V2 token on the Polygon network.   The strategic move comes in the wake of a recent hack that targeted the project’s liquidity pool. This has prompted a swift and decisive response from the Tamadoge team, revealing the upcoming secret plan of migrating to a V2 token.  This decision addresses immediate security concerns while alluding to a possible roadmap update. The Massive Upside Of Upgrading To Polygon Tamadoge’s transition to Polygon marks a pivotal moment in its roadmap. In response to the unfortunate hack, the team is not just moving to a new network but also replacing the existing ERC-20 token entirely. A move to Polygon was originally planned to be announced after delivery of the Tamadoge Pursuit game via a bridge, marking the end of the current phase of the roadmap. However, the game will inst...

BRICS member Russia is bypassing the US dollar and strengthening its native economy by accepting the local currency, the Russian Ruble for trade settlements. The share of Russia’s trade transactions in local currency with other BRICS members reached 85% in January 2024. Russia is clearly bypassing US sanctions and accepting local currency with BRICS members and sidelining the dollar. Also Read: BRICS : UAE Pays China With New Digital Dirham, Ditches US Dollar This puts Russia in an advantageous position as the Ruble is being used for cross-border transactions by BRICS members. The move helps the Russia n economy stay afloat despite the sanctions imposed by the US. Read here to know how many sectors in the US will be affected if BRICS stops using the dollar for trade. BRICS: 85% of Trade in Russia Settled in Local Currency, Not US Dollar Source: pics.alphacoders.com Russia’s Central Bank Governor Elvira Nabiullina confirmed that BRICS members are increasingly ...

On January 30, in a de centralized storage and finance ecosystem development, the Pyth Network formally introduced its price feeds on the Filecoin Virtual Machine (FVM). This integration represents an achievement for Filecoin (FIL), a de centralized storage network that preserves critical human data, per the information shared with Finbold. Using Pyth’s real-time market data feeds, Filecoin is positioned to augment the capabilities and operational efficiency of smart contracts within its network, expanding on decentralized finance opportunities. Harnessing the potential of decentralized storage Filecoin, known for its peer-to-peer network providing secure and dependable file storage, is advancing through this collaboration. The network’s model, blending economic incentives with cryptographic proofs, provides a secure and enduring maintenance of stored files.  This approach democratizes access to storage solutions and encourages the development of open market...

A development that could be another landmark decision for the digital asset market, the US Securities and Exchange Commission (SEC) could approve Spot Ethereum ETFs in May, according to Standard Chartered Bank. Indeed, they predict that the approval could come on May 23rd, according to a report from The Block. Additionally, Standard Chartered has forecasted a $4,000 target for Ethereum if approval is granted. Specifically, it notes that the potential value surge if the asset could mimic what occurred with Bitcoin (BTC) before its Spot ETF approval in the United States. Overall, the bank said that the process for Ethereum’s ETF approval will mirror Bitcoin’s journey at the tail end of last year. Also Read: SEC Delays BlackRock Spot Ethereum ETF Standard Chartered Bank Predicts Spot Ethereum ETF Approval in May The digital asset industry experienced a landmark development just ten days into the new year. After months of speculation, the SEC greenlit the creation of...

Ethereum’s (ETH) and Polkadot’s (DOT) wallet application, Talisman Wallet, launch ed Signet’s private beta on January 30. Signet is an enterprise workflow management and multisig solution for on-chain organizations.  Following the launch , Signet Lead Willian Chen explained how his product aligns with the Web3 needs to assist institutional operations. “The Web3 world must adapt to the complex needs of modern on-chain organizations, and this solution, which can be thought of as an operating system for blockchain financial operations, does just that. Signet improves organization workflow and enables signers to execute Multisig transactions more efficiently than ever.” — William Chen, Signet Lead Aside from workflow process management, Signet is committed to data privacy, “offering several built-in features to support the Aleph Zero (AZERO) ecosystem,” as communicated to Finbold. Signet to join the Polkadot ecosystem Cryptocurrency Ethereum sell-off alert: Here...

Crypto analyst Jason Pizzino is predicting that altcoins will see explosive gains within months based on a historic pattern. In a new strategy session, Pizzino tells his 308,000 YouTube subscribers that the total crypto market cap, excluding Bitcoin (BTC) and Ethereum (ETH), may repeat the last cycle’s pattern and enter a huge uptrend after the halving event. The next Bitcoin halving event, when miners’ rewards are cut in half, is scheduled for April. “Roughly 23 months from the cycle low, December 2022, brings us to November 2024. Guess what? How many things are culminating at the end of the year? We have the election. We have all sorts of stuff going on in terms of timeframes that bring us to that point where we could see some explosive action. So now, the biggest opportunities are presenting themselves. Cryptos, altcoins, Bitcoin – I think there are some great opportunities here… We are now three months away from the halving, roughly two-and...

Stablecoin operator Tether again minted a trove of USDT tokens on Tron’s network, but there’s a catch: the coins aren’t yet available for swaps or transactions.  According to LookOnChain, Tether has minted $13 billion in new USDT tokens on Ethereum and Tron blockchains since October last year. The latest addition to Justin Sun’s Tron decentralized network is $1 billion in USDT. While the tokens have been minted , on-chain data showed that the USDT added to Tron on Jan. 29 has not been issued yet. This means that the massive mint was intended for future purposes, as confirmed by Tether CEO Paolo Ardoino. PSA: 1B USDt inventory replenish on Tron Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps. — Paolo Ardoino (@paoloardoino) January 29, 2024 You might also like: Aggregate stablecoin supply sees largest increase since October Ardoino’s clarification,...

Harvest Hong Kong is the first institution in Hong Kong to file for a spot Bitcoin ETF. A local news outlet suggests the Hong Kong Financial Services Commission (FSC) could announce a decision in coming weeks. The US recently approved 11 ETFs, including for BlackRock, Fidelity and Grayscale. Harvest Hong Kong, one of the largest fund companies in China, has filed for a spot Bitcoin exchange-traded-fund (ETF). A Tencent News report says that the company filed the ETF application with the Hong Kong Securities and Futures Commission (FSC) on January 26, 2024. Harvest Fund is the first institution to submit a proposal to list a spot Bitcoin ETF in Hong Kong, the news outlet noted. According to the report , the regulator could release its decision on the ETF after the Lunar New Year holiday. However, market experts say the SFC could take a cue from the US Securities and Exchange Commission (SEC) and look to approve several ETFs at a go. Institutions eye spot ET...

As Bitcoin (BTC) experiences a short-term bullish price trajectory, attention has shifted to the cryptocurrency’s ability to sustain the gains in the coming months. Indeed, Bitcoin is supported by several key catalysts, with the recently approved spot Bitcoin exchange-traded fund (ETF) considered a long-term driver. At the same time, the upcoming halving event also complements this bullish sentiment. To gain perspective on Bitcoin’s next movement, two crypto analysts, including Alan Santana and the one who goes by the pseudonym best_analysts on X (formerly Twitter), believe that Bitcoin’s future holds both thrilling potential and immediate turbulence. Bullish consensus for Bitcoin  While the analysts diverge on the timing of specific price movements, they agree on the overall trajectory: a significant bull run culminating in a new all-time high in 2025, fueled by the upcoming 2024 halving event. Cryptocurrency BTC has potential to rise this much o...

The market is slowly approaching the bulls, and alt coins have emerged as intriguing alternatives to the industry’s big names. However, the constantly evolving crypto market can make the search for these coins daunting. This article aims to streamline this process, shedding light on some of the top alt coins deserving attention from investors right now. 6 Best Altcoins to Invest in Right Now As the market is poised to enter the sustained green phase, certain tokens are gaining attention for their potential. These three alt coins have garnered attention for their potential as investment opportunities: JTO, Worldcoin, and eCash. Besides, these alt coins stand out for their unique Features and promising prospects in the market.  On the market scene, Bitcoin briefly climbed past $42,000. This is amid a slowdown in outflows from the $20 billion Grayscale Bitcoin Trust that strategists said may help to stanch a two-week slump in the token.  1. Jito (JTO) JITO solid...

Crypto exchange HTX, previously known as Huobi, has unexpectedly deactivated its proof-of-reserves feature. This observation was noted today by popular fintech analyst Adam Cochran, Managing Partner at Cinneamhain Ventures. This development coincides with issues faced by the stablecoin TrueUSD (TUSD), reportedly linked to HTX stakeholder Justin Sun, struggling to stay aligned with its intended $1 value for over two weeks.  Cochran also noted that live data from DefiLlama showed that HTX only had $120 million in ETH holdings, although the latest audit reported nearly $300 million.  2/8 Their live reporting on DefiLlama shows only about $120M in ETH assets despite their last audit claiming closer to $300M in raw ETH. pic.twitter.com/JFBqADzq27 — Adam Cochran (adamscochran.eth) (@adamscochran) January 26, 2024 You might also like: Spot Bitcoin ETFs see $80m net outflows on Thursday Earlier today, HTX’s proof- of -reserves webpage displayed no information regard...

What Bitcoin Did Podcast host Peter McCormack has prevailed against dubiously self-proclaimed Bitcoin inventor Craig Wright in the UK’s supreme court. The High Court of Justice denied Wright’s bid for an appeal of his loss against McCormack after a three-judge panel ruled that Wright’s appeal did not sufficiently specify an “arguable question of law.” Permission to appeal was refused by three Supreme Court justices, Lord Briggs, Lady Rose and Lord Richards, on grounds the appeal did not raise an arguable question of law. This is the end of the line for Wright's substantive claim against me. 5 years of hell over, a small… — Peter McCormack (@PeterMcCormack) January 25, 2024 UK High Court justices deny Craig Wright’s appeal. McCormack had been fighting the lawsuit against the BSV promoter for half a decade. He previously alleged that Wright committed libel while also highlighting the Australian businessman’s various failures to provide convincing evidence of his c...

Investors in the cryptocurrency space are always on the lookout for the next big opportunity, and with the market's volatility, identifying tokens with the potential for significant returns is crucial. In this article, we'll explore three tokens priced under $0.5 that show promise for a 500% return on investment (ROI) in the next three months. These tokens—Retik, Dogecoin, and Bonk—each bring unique attributes and developments to the table, making them noteworthy contenders in the crypto landscape. Retik Finance (RETIK): Bridging Traditional and Decentralised Finance Retik Finance, a platform bridging the gap between traditional and decentralised finance, has been making waves in the crypto space. Priced under $0.5, the Retik token (RETIK) is positioned as a potential powerhouse for investors seeking substantial ROI.The Retik ecosystem offers a range of user-friendly tools, including the Retik Wallet, DeFi Debit Cards, and Retik Pay. These tools empower users to seamle...