Cryptocurrency News Today TheBitTimes.com

Buying XRP on Binance.com has become one of the most popular ways to get this cryptocurrency, and right now, Binance clients bought around 147.81M XRP worth $430.58M in just the past 24 hours. You can also buy XRP with PayPal through several platforms, learn how to buy XRP for beginners on user-friendly exchanges, or even buy XRP online safely using established platforms like Kraken along with Binance. Also Read: XRP Price Set for $45 by 2050 as 985K Tokens Burn Each Year How to Buy XRP on Binance.com When you want to buy XRP on Binance.com, the process actually starts with creating a free account and getting your identity verified. The platform supports various payment methods right now, including credit cards, Google Pay, and Apple Pay for those instant purchases. You’ll need to head over to the “Buy Crypto” section, select XRP from the dropdown, and then choose your preferred payment method. Once you confirm within about one minute, the current price gets locked in,...

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a Valentine’s Day cashback promotion for Bybit Card users, as outlined in the reports shared with Finbold on Friday, February 7.  On February 14, 2025, Bybit Card holders will have a chance to earn 14% cashback, or up to 10 Tether (USDT), on eligible transactions.  To become eligible for cashbacks, users will have to register between February 7 and 14, 2025 and use their Bybit Card anytime on February 14, from 12:00 AM to 11:59 PM UTC. Picks for you Binance traders send test token (TST) to the moon during live demo 16 hours ago Ethereum’s 'most explosive breakout' in the cards as key pattern holds 17 ho...

Justin Sun has taken to X (formerly Twitter) to explain that “all exchanges in the industry have already implemented proof of reserves (PoR).” He followed up this pronouncement by further emphasizing that “there is only one explanation for why” exchanges have yet to do it — “they are unable to meet the requirements.” This reveal was somewhat surprising as Poloniex, a cryptocurrency exchange owned by Sun, has not implemented PoR, and as such we are forced to conclude that Poloniex is also “unable to meet the requirements.” Poloniex has a page on its website that claims to be a “Proof of Reserves,” but this page only shows how much Tron is on Poloniex, neglecting every single other asset.  Poloniex proof-of-reserves and WBTC backing missing These issues become especially interesting in light of the fact that Sun has recently focused so many of his criticisms on the newly launched cbBTC, Coinbase’s wrapped-Bitc...

The sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels. Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and Exchange Commission’s pending lawsuit against Binance. Bitcoin (BTC) and several major altcoins fell sharply on Nov. 21 following the Binance news but are finding support at lower levels. This suggests that traders stepped in after the initial knee-jerk reaction, and are buying at lower levels. After the initial bounce, the bulls are likely to head into stiff opposition from the bears. Daily cryptocurrency market performance. Source: Coin360 Buying on dips and selling on rallies results in a range-bound action as both the bulls and the bears battle it out for supremacy. Ge...

Cryptocurrencies are challenging the status quo of remittance services. Will they also shape the future of cross-border payments? In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated the market, the rise of cryptocurrencies has introduced a disruptive force that is challenging the status quo. As cryptocurrencies gain momentum, the question arises: Will crypto remittances shape the future of global money transfers? The dominance of traditional remittance services This evolving payments landscape has opened up new opportunities and prompted us to rethink the traditional models of remittance services in the face of technological advances and changing consumer preferences. Source: Unsplash For several decades, traditional remittance services, such as Western...

Uniswap and its foundation have no association with the scam as efforts are being made to combat it. Hayden Adams, the creator of the Uniswap protocol, recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website . In a tweet, Adams showed his astonishment at the elaborate nature of the scam, emphasizing that it required a significant amount of effort. He further disclosed that the scammers had gone to the extent of incorporating Chinese community content into their scheme and even included links directing users to the legitimate Uniswap app on their deceptive website . To add an extra layer of credibility to their scheme, the scammers went to great lengths by organizing an hour-long Zoom recording that showcased individuals pretending to be high-ranking executives from Uniswap. This orchestrated video presentation aimed to deceive viewers into believing the authenticity of the scam. Hayden Adams, upon viewing the video, expressed his b...

Strong inflation data has pulled Bitcoin and select altcoins below their immediate support levels, signaling a few days of corrective action. Bitcoin (BTC) is struggling to stay above $23,000 as the weekend approaches. The selling pressure increased after the personal consumption expenditures excluding food and energy rose 0.6% in January and 4.7% over the year, above market expectations of an increase of 0.5% and 4.4% respectively.  This could trigger fears that the United States Federal Reserve may have to continue its rate hikes to bring inflation under control. Expectations of a rate hike could strengthen the U.S. dollar index further, which is already near a seven-week high, and that may put pressure on the cryptocurrency markets in the near term. Daily cryptocurrency market performance. Source: Coin360 A drop in the cryptocurrency Markets may start a discussion that the rally in January may have been a bull trap. However, the price action in Bitcoin and several altcoins show tha...

Some crypto tokens will perform better than stocks in 2023 as they become less sensitive to macroeconomic factors, according to CIO at Arca Jeff Dorman. Digital assets will largely decouple from traditional equity Markets in 2023, says Chief Investment Officer at Arca, Jeff Dorman. Discussing his outlook for 2023 in a recent interview with Cointelegraph, Dorman argues that as the global economy enters a recession this year, equities will be negatively affected while some crypto tokens will perform well: the value of the latter, he explained, is determined not only by macroeconomic factors but also by their utility within the respective ecosystems, which would remain unaltered in a recession. “You're going to see a lot of stocks get punished under the weight of restructurings and under the weight of lower revenues and lower cash flows. And you're actually going to see a lot of tokens do really well”, Dorman explained.  Crypto's decoupling process from equities may not ...

Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover. Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is about 20%, but it is not implemented now,” a spokesperson for Huobi said in a statement to Cointelegraph on Jan. 6. The representative emphasized that the allegations on Huobi firing as many as 40% employees is a rumor. Huobi has established a new organizational structure after the new shareholders have taken over, the spokesperson said, adding that the firm has adjusted the business departments. “With the current state of the bear market, a very lean team will be maintained going forward. The personnel optimization aims to implement the brand strategy, optimize the structure, improve efficiency and return to the top three,” Huobi said. In the statement, ...