DeFi News Today Official TheBitTimes.com

The Shiba Inu ecosystem has several developments up its sleeve, which include Shibarium , ShibaNet, ShibaSwap 2.0, SHIB: The Metaverse, SHI stablecoin, and the Treat token. The developments are yet to be released and could take time before the team rolls them out one by one. Rumors were doing the rounds that the Treat token could be launched when Shibarium goes fully functional. However, the lead developer of ShibaSwap, Shytoshi Kusama addressed the rumors by providing factual information about what to expect next. Also Read: SHIB: Investment of $3,400 Turns Into $1.55 Billion in 14 Months Will Shiba Inu’s Treat Token Release With Shibarium? Source: Facebook Shiba Inu content creator LucieSHIB asked Shytoshi in a private chat if the Treat token will be launched alongside Shibarium. Shytoshi confirmed that Treat will not be released, with Shibarium calling the two developments “separate” . “No. Not at the same time. They are very separ...

Join Our Telegram channel to stay up to date on breaking news coverage The price of SLP began to fall in November as a result of the decline in Sam Bankman-crypto Fried’s enterprise FTX. From a peak of $0.00407 on Nov 10 to just a minimum of $00.195 on Jan 8, the token’s value dropped by 112%. The SLP price changed direction at the $0.00195 level, signaling the return of the bulls to the market. The token has increased by over 80% from this point, making up the majority of the losses suffered towards the conclusion of 2022. The token was up 9.13% on the day and trading at $0.003325 at the moment this article was published. The market capitalization of Smooth Love Potion increased by 9.1%, reaching $140.34 million, placing the SLP token at position #191 on CoinMarketCap. Investor activity in the SLP market was quite high, with $89.33 million in trading volume. This increased by an astounding 459% in just 24 hours. Smooth Love Potion (SLP) Price Prediction Based on T...

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme coin’s $11.24 billion. BUSD Redemption: Almost $5 Billion Worth of Stablecoins Removed from Circulation in 12 Days Since Paxos announced on Feb. 13, 2023, that it would no longer issue the dollar-pegged crypto asset BUSD, nearly $5 billion worth of BUSD stablecoins have been redeemed. At the time of the announcement, there were approximately 16.1 billion BUSD coins in circulation, but today there are around 11,129,348,406 BUSD circulating. Throughout the past 12 days and the redemption of 4.98 billion BUSD, the dollar-pegged crypto asset has remained at parity with the U.S. dollar. BUSD is no longer a top ten crypto asset and...

Join Our Telegram channel to stay up to date on breaking news coverage Polygon price is on a mission to find higher support ahead of the next bullish move to $1.60 and $2.00, respectively. The Ethereum layer 2 blockchain has in the last 30 days rallied 27% to trade at $1.26 at the time of writing. However, we must put into consideration the 17% dip over the last two weeks. Like the larger crypto market, MATIC price remained depressed this week amid regulatory pressure from the United States and Asia. Financial oversight bodies from the US, especially the Securities and Exchange Commission (SEC) are closely watching the industry against the backdrop of the FTX collapse. Similarly, Hong Kong in its quest to become the next crypto hub has proposed a set of new guidelines to foresee the operations of trading platforms. The regulator, SFC, has requested existing crypto exchanges to plan to comply with the new rules or start planning their exit. Will Polygon Price Rebound This Week...

Join Our Telegram channel to stay up to date on breaking news coverage Philippines crypto gamer Vikings reviewed the innovative new Web3 fitness platform Fight Out just hit the $4.6 million milestone in its token presale. Users of the Fight Out platform can assure their physical fitness and gain FGHT and REPS tokens for their achievements. Filipino Crypto Gamer Vikings Fight Out Presale Review The presale funding round for Fight Out, a revolutionary new Web3 fitness platform, has accomplished a significant milestone raising a massive $4.6 million, making it one of the most successful ICOs to date. The ambitious startup hopes to revolutionize the young and rapidly expanding Move-to-Earn crypto industry. At the time of writing, FGHT token are available for $0.02442, but the price will rise every 12 hours until it reaches a peak of $0.0333 on March 31, 2023. Guide on how to buy FGHT token here. $4.6M RAISED! 🔥 Another milestone achieved ✅ Remember, the price of...

Join Our Telegram channel to stay up to date on breaking news coverage The US regulators have been cracking down hard on the cryptocurrency industry, with the US SEC leading the charge. However, when it comes to the bankrupt crypto lender called Voyager Digital and its executives, they are actually being probed by the US Federal Trade Commission (FTC). The FTC’s recent filing said that it suspects the bankrupt crypto lender had engaged in deceptive cryptocurrency marketing. FTC is probing Voyager for allegedly deceptive crypto marketing practices. This could have a major impact on the crypto industry. #crypto #marketing #FTC #Voyager — BitArchive (@ChainArchives) February 22, 2023 The suspicion led to a thorough investigation, which is currently still on-going. The FTC noted that it does not want any plan to wind up the affairs of the “debtor,” meaning Voyager, to disrupt its investigation of the failed crypto firm. The FTC is investigating Voyager...

The partnership will see Google Cloud becoming a validator on the Tezos network. Google's cloud computing arm has added another string to its Web3 bow, with a new partnership to see it becoming a network validator on the Tezos blockchain. On Feb. 22, Tezos Foundation, a Swiss non-profit foundation supporting the Tezos blockchain announced it has teamed up with Google Cloud which will allow customers of the cloud computing business to deploy Tezos nodes and build Web3 applications on the blockchain. Tezos is a blockchain -based smart contract platform used to power decentralized applications, similar to Ethereum, Cardano and among others. Corporates that have used Tezos include gaming giant Ubisoft and the California Department of Motor Vehicles. Big news! @googlecloud is now an official Tezos baker, giving Google Cloud customers access to Tezos’ #blockchain technology. Looking forward to seeing how this partnership unfolds for the Tezos community https://t.co/uRs1xR0TnA — Tezos (@...

Bitcoin silver linings are few and far between on short timeframes as BTC price bid liquidity dries up above $23,000. Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: "Waiting for a bit lower" Data from Cointelegraph Markets Pro and TradingView recorded lows of $23,871 on Bitstamp, with S&P 500 futures slipping under 4,000 ahead of the Wall Street open. Bitcoin bulls had lost ground after the U.S. holiday weekend, which ended in weakness across equities and a failed attempt to flip $25,000 to support. For Cointelegraph contributor Michaël van de Poppe, who was hoping that the correction would be short lived, it was nonetheless time to wait and see. " Markets correcting as U.S. indices are also correcting at this point. This means, opportunities!" he told Twitter followers on the day. "I think I'll be waiting for a bit lowe...

The Stack Network is a Bitcoin (BTC) layer-2 for smart contracts. The project aims to fully realize the programmability of the oldest blockchain in the world. Stack Network’s native token, STX, has surged 9.6% in the last 24 hours. Moreover, the token rallied by 135.7% in the monthly chart. The weeklong gains helped the coin reclaim its billion-dollar market valuation while also handing substantial rewards to short-term holders. Stacks maintains its ledger to store information outside of the BTC blockchain. As a result, programmers can create applications that are similar to those on Ethereum and Solana. Additionally, STX is also known as the first token offering approved by the U.S. Securities and Exchange Commission (SEC). Why is the Bitcoin layer-2 network’s token surging? The increase in NFT network activity on the Stacks blockchain may have been one of the factors behind the current spike in STX. As investors seek out additional exposure to the NFTs-on-Bitcoin narra...

As a result of last week’s FTX crash, Bitcoin and cryptocurrency investors are growing more suspicious of centralised exchanges. The actions are scarcely unexpected given that FTX, the second-largest exchange in the world, was thought to be almost indestructible. The exchange’s failure demonstrates that it was not too large to fail, particularly if it had sufficient reserves to support the bank run that ensued. In the last week or two, Bitcoin investors have shifted their holdings from exchanges to self-custody wallets. According to analytics firm Glassnode, the most significant increase in on-chain wallet activity has ever been seen. In direct response to the failure of FTX, #Bitcoin investors, of all wallet cohorts, have made a distinct behavioural shift towards self-custody. From Shrimp, to Whales, #Bitcoin onchain balances are on the rise Read more in The Week On-chainhttps://t.co/cVUE7QHbtQ pic.twitter.com/uIxUIcI46a — glassnode (@glassno...

Cardano (ADA) creator Input Output Global (IOG) is collaborating with the University of Edinburgh to develop a new method for determining whether a blockchain is truly decentralised. According to IOG, the majority of blockchains claim to be decentralised, however these claims are subjective due to the absence of a consistent framework for measuring decentralisation. According to the technology company, the Edinburgh Decentralization Index (EDI) is designed to address this issue. “The EDI will create a unified framework capable of evaluating degrees of decentralisation, and is applicable to data extracted from Bitcoin, Ethereum, Cardano, and other chains.” According to IOG, the index will evaluate the extent of decentralisation of a blockchain based on several layers, including API, consensus method, hardware, software, network, tokenomics, governance, and the geographic location of validators. Launching a research study that will define and quantify decen...

OKT is making new strides this month. The token is in a recovery process after it experienced a fall in price when FTX collapsed, dipping to $14. However, the coin made a massive comeback in the last 24 hours , rising to its new price today by 23%. Is OKT worth investing in now? OKC (OKT) Tokenomics and Statistics OKC investors have seen a significant increase in the value of their holdings in the short term, with the coin’s price experiencing a substantial boost in just the last 24 hours . The coin’s value has steadily appreciated over the past week, suggesting sustained demand from buyers. OKT is a decentralized cryptocurrency that operates on the OKEx blockchain. It was created to provide a fast and efficient way to make transactions and exchange value without intermediaries. OKT’s market cap has been growing steadily over the past few months, and this recent surge in price is a testament to its growing popularity. At the time of this writing, OKC (OKT) is trad...

Join Our Telegram channel to stay up to date on breaking news coverage The Skale Network price prediction shows that SKL is attempting to cross above the upper boundary of the channel. Skale Network Prediction Statistics Data: Skale Network price now – $0.059 Skale Network market cap – $249.6 million Skale Network circulating supply – 4.1 billion Skale Network total supply – 5.4 billion Skale Network Coinmarketcap ranking – #148 SKL/USD Market Key Levels: Resistance levels: $0.080, $0.085, $0.090 Support levels: $0.040, $0.035, $0.030 SKLUSD – Daily Chart SKL/USD peaks at $0.064 today, after which the coin begins to trade bullishly within the channel. However, the price not staying above $0.064 may ruin the long-term technical picture of the coin. Meanwhile, the Skale Network may need to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $0....