DeFi News Today Official TheBitTimes.com

Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin. Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially. To provide some context, the Ordinals Protocol allows for the ordered identification of satoshis, the smallest subdivision of a Bitcoin (BTC), enabling each of them to have an individual identity. From that people can inscribe sats with arbitrary content, creating Bitcoin-native digital artifacts, more commonly known as nonfungible tokens (NFTs). Among the various narratives resulting from this technique, the existence of an extremely underground group of individuals who identify, track and trade high-value historical satoshis has come to light. They are known as “sat hunters.” There is no denying that the Bitcoin ecosystem is undergoing a period of tremendous innovation since the advent of t...

Balitecture, a leading real estate company specializing in luxury PR operties in Bali, is thrilled to announce that it now accepts XRP cryptocurrency as a form of payment for real estate purchases. This move positions Balitecture at the forefront of the industry, offering clients from around the world a faster, more cost-effective, and secure payment solution for their PR operty transactions. As a global real estate company, Balitecture recognizes the need for efficient cross-border payment options. With the integration of XRP and the utilization of Ripple’s technology, Balitecture aims to revolutionize the real estate industry by addressing the challenges posed by legacy payment networks such as SWIFT. “We firmly believe that XRP is the future of cross-border payments, not just within the real estate sector but worldwide,” said Daniel, Co-Founder of Balitecture. “By accepting XRP, we are providing our clients with a cutting-edge solution that deliv...

Bitcoin traded at a sharp 20% discount on Binance’s Australian crypto platform on Tuesday, following the news that its fiat off-ramp services will close on June 1. Bitcoin traded for as low as $33,345 AUD ($21,800) and trades for $37,936 AUD ($24,850) at press time. Comparatively, other major exchanges currently list Bitcoin at an average of $42,600 AUD ($28,600). The steep discount on Binance ’s Australian platform is due to Australian financial partners recently abandoning the Crypto exchange, which caused on-ramp services to close. According to the firm, local users were getting ahead of the firm’s subsequent fiat off-ramp closures by dumping their holdings, which led to the sharp decrease in bitcoin price. “Due to the recent removal of fiat on-ramp services by our payment processor’s banking partner, some Australian users have been withdrawing their AUD holdings from the platform in advance of the off-ramp closure on 1 June,” a spokesperson for Binance told Decrypt. “...

But Ripple’s XRP chooses to decouple from the rest of the crypto market shooting 4.5% in the last 24 hours. As of press time, XRP is trading above $0.50 with a market cap of $26 billion. advertisement The recent decoupling in the XRP price happens as the XRP Network sees a strong spurt in the address activity on the platform. On-chain data provider Santiment explains: XRP Network has now had its 2nd & 3rd largest address activity spikes of all time these past 2 days. A mild +4% decoupling has emerged between $XRP & the #altcoin pack, and if history repeats itself from the March 18th activity spike, it could be more. Courtesy: Santiment Pro-Ripple advocate and legal expert John Deaton presented some insight and full views on the current XRP price. In one of his recent tweets, Deaton noted: “XRP sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s...

Pepe Coin (PEPE) is one of the best-performing crypto projects in 2023. The token launched on April 16, and within its first few weeks, skyrocketed by over 6000%. However, the token has lost its hype and has since fallen on the charts as well. PEPE is down by 4.8% in the last 24 hours and by 16.1% in the last two weeks. Nonetheless, the token is still up by 353% in the last month. Pepe Coin (PEPE) being a memecoin is dependent on online word of mouth and meme culture to stay relevant. However, such tokens are susceptible to violent price swings. PEPE made a pretty big splash when it launched as it utilized the “Pepe the Frog” meme, and presented itself as a rival to Shiba Inu (SHIB) and Dogecoin (DOGE). Investors most likely were in i,t just for a quick buck. Moreover, even though there were big gains, the project was plagued by liquidity issues. This meant that very few people could cash out their profits. Nonetheless, the hype around the token eventually died out. Moreover, the pr...

Symbolic Capital founder Kenzi Wang recently tweeted about their podcast episode with Polygon’s co-founder Jaynti Kanani (JD) quoting “Every conversation with the Polygon founders leaves me inspired”. The Web3 Unlocked Podcast host termed JD’s journey as one from “humble beginnings to true champions.” According to his tweet, the conversation ranged from from the Polygon founder’s upbringing in India to the early days of MATIC. Accompanied by discussions around how the co-founders function together and a verdict on “Who wins the L2 war and why?” Every conversation with the @0xPolygon founders leaves me inspired by their journey from humble beginnings to true champions. This time on @Web3Unlockedxyz Podcast, I chatted with @jdkanani (JD), CoFounder of Polygon, about – From his upbringing in India to the early days of… pic.twitter.com/rRY2yWkFBC — Kenzi (@0xkenzi) May 26, 2023 JD beautifully described that the entry barriers for the web3 indu...

In a recent tweet, Patrick Dynamo, an on-chain analytics expert, brought attention to the surging volume of Cardano’s decentralized exchange (DEX), stating that the volume had reached its highest point ever this month. Dynamo shared a screenshot containing data from DefiLlama, the well-known DeFi TVL aggregator, showing that Cardano DEX volume has exceeded $120 million. This amount is double the volume obtainable in April, which was around $60 million. Cardano DEX volume is at its highest point ever this month. Time to start paying attention to $ADA? pic.twitter.com/uVWJriEM2z — Patrick | Dynamo DeFi (@Dynamo_Patrick) May 25, 2023 This development has led to speculation among investors and analysts, questioning whether it was time to pay closer attention to Cardano’s native cryptocurrency, ADA. However, not all responses to Dynamo’s tweet were positive. A Twitter user Lercy Lago pointed out that while Cardano may boast impressive on-chain statisti...

The ongoing case between Ripple and the Securities and Exchange Commission [SEC] has put XRP in the limelight. Despite initial concerns that the lawsuit would negatively impact the crypto, XRP managed to experience a surge in adoption. Amidst this, the Federal Reserve Bank of Atlanta, a district of the US Federal Reserve Bank, has recognized and mentioned XRP in its recent report. The report titled “An Introduction to Web3 with Implications for Financial Services” explores the emergence and potential of Web3 and crypto assets. It specifically notes how Ripple utilizes XRP to meet its cross-border settlement requirements. The report also classifies XRP as an “international payment medium,” recognizing its role in facilitating cross-border transactions. This acknowledgment from the bank highlights the importance of XRP as a tool for international payments and underscores its potential within the realm of financial services. The Atlanta Fed released a report re: Web3 & finance that...

Santiment, the market intelligence platform with on-chain and social metrics has picked up a $14 million whale transaction on the Illuvium network earlier today. In a tweet, the analysis platform noted that the transaction occurred at the peak of the Illuvium exchange supply top. There was a $14 million transaction picked up on the #Illuvium network today, which has occurred right at the peak of its exchange supply top. Our latest insight looks at big whale moves from $ILV, $LDO, and $HOT as #crypto markets fight to stay afloat. https://t.co/SdGAttXdrm pic.twitter.com/LYbmrLc0pu — Santiment (@santimentfeed) May 25, 2023 Santiment’s Analysis explained that, apart from Illuvium, Lido DAO, and Holo also experienced significant whale actions . All actions involved high-volume trans actions executed on their networks. Santiment described the move as a hint that a major outlier could be in the works for digital asset traders. Santiment observed that two non-exchang...

Alexander Vinnik, the co-founder of defunct Russian crypto exchange BTC-e, is facing money laundering charges in the US. But according to a report from the Wall Street Journal (WSJ), he is optimistic about being included in a prisoner swap for captured journalist Evan Gershkovich. Filings by Vinnik’s lawyer discuss how “he has been the subject of political negotiations over a prisoner swap with Russia at the highest levels of the government.” The filing also emphasizes how “public perception impacts those high-level, political negotiations.” This filing specifically relates to a request to allow Vinnik to discuss materials from discovery more broadly. The allegations against Vinnik are that he operated BTC-e and in the process stole identities and facilitated money laundering, including funds from the Mt. Gox hacker. BTC-e allegedly lacked any type of Know-Your-Customer (KYC) or Anti-Money-Laundering (AML) procedures , allowing criminals to use the exc...

May 24, 2023 at 06:56 // Price Author Coin Idol The cryptocurrency's slide below its moving average lines indicates a further decline. Others are trying to keep their prices above their support levels in hopes of gaining upside momentum. Let us look at each of these cryptocurrencies individually. Sui Sui (SUI) is falling below its moving average lines. On May 22, the altcoin reversed its negative trend and started to rise above the current support level of $1.03. In the last 48 hours, the altcoin fluctuated between $103 and $1.10. SUI is at risk of falling ...

May 23, 2023 at 13:36 // Price Author Coin Idol The price of Polygon (MATIC) is down and continues its downward trend. Polygon price long-term forecast: bearish Today, the altcoin is testing the 21-day line SMA again. If MATIC is rejected at the 21-day line SMA, selling pressure will increase. The downward movement was slowed down by the presence of Doji candlesticks, but the tool Analysis predicts that the downward trend will continue. On March 9, MATIC completed an upward correction and a candlestick tested the 61.8% Fibonacci retracement level. The co...

Also, the recent surge in the Litecoin (BTC) price as analysts turn bullish over the upcoming Litecoin halving event ahead of this year in August 2023. Citing data from Glassnode, popular crypto analysts Ali Martinez reported about a strong uptick in the Litecoin active addresses. He wrote: advertisement “Litecoin recently saw the largest spike in active addresses, where more than 832,000 $LTC addresses were interacting in the network as senders or receivers”. Litecoin Halving LTC20 Just Three Months Away The upcoming LTC20 halving ahead on August 10 will be a game-changing event for the Litecoin ecosystem. Of course, many experts expect it to have a positive impact on the LTC price. Recommended Articles Crypto Telegram Channels List 2023 [Updated] Must Read Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

The craze right now is Pepe Coin, a newcomer to the world of meme coins. CoinMarketCap data shows that in the short time since its inception, PEPE has given its early investors mind-blowing gains. From a record low of $0.00000002764 on April 17, 2023, to an all-time high of $0.000004354 before falling to its current position, the price of PEPE has surged. In the last 30 days, Pepe Coin has increased by 6061%, delighting early investors with millions of dollars. The new meme coin is down by 60% since its all-time high, pivoting to a downward trend. However, according to the latest data, PEPE has risen by over 8% in the last 24 hours. Pepe Coin dethrones Dogecoin in trading volume According to the latest data, Pepe Coin is trading at $0.000001707. The 24-hour trading volume has also soared by over 106% and stands at $367,386,695 . PEPE dethroned Dogecoin in trading volume. DOGE’s trading volume stands at $122,351,143 with a 7% drop in the last 24 hours. PEPE’s tr...

Sui (SUI) was one of the many cryptos in the red today according to the crypto market tracking website, CoinMarketCap. At press time, the altcoin’s price stood at $1.12 following a 1.35% drop in the past 24 hours. In addition to weakening against the Dollar, SUI’s price also dropped against the market leaders Bitcoin (BTC) and Ethereum (ETH). As a result, it was down 1.35% against BTC and 1.65% against ETH. Furthermore, the crypto was trading very close to its daily low of $1.11. 4-hour chart for SUI/USDT (Source: TradingView) At press time, SUI’s price was resting near a key support level at $1.1181, and technical indicators suggested that it would flip the support into resistance in the next 24 hours. The 9 EMA line on the 4-hour chart was trading bearishly below the longer 20 EMA line. In addition, the RSI line was trading bearishly below the RSI SMA line. This bearish move looked as if it was coming to an end, since the RSI line was looking to cross above the RS...

The New York Innovation Center (NYIC) of the Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) have released a research report on Project Cedar Phase II x Ubin+ (Cedar x Ubin+). The experiment expanded upon the earlier phases of Project Cedar by the NYIC and Ubin+ initiative by MAS. The study focused on a cross-border multi-currency scenario, utilizing vehicle currencies as intermediaries for less commonly traded currency pairs. Moreover, it aimed to assess how distributed ledger technology (DLT) could enable connectivity between different simulated currency ledgers, minimize settlement risk, and expedite settlement time. The entire experiment took place in a controlled test environment, with simulated wholesale central bank digital currencies used for settlement purposes. Michelle Neal, Head of the Markets Group at the New York Fed quoted: Our research collaboration with the MAS reveals key opportunities for central bank innovation to ...

Join Our Telegram channel to stay up to date on breaking news coverage Given the volatility of the crypto market, Pepe was still able to be listed on one of the major crypto exchanges. Its ability to become the second-most traded meme token highlights how it has now established itself as a major altcoin, having come from nothing about a month ago. Pepe price analysis According to the most recent statistics, the current value of Pepe Coin is $0.000001551. PEPE is now ranked #3146 in the cryptocurrency ecosystem as a whole. The cryptocurrency’s current value has dropped by -1.68% in the last 24 hours. When we compare the present market cap of the PEPE to the previous day’s market cap, we can observe that the market cap is likewise down. Pepe Coin is having difficulty competing with other crypto coins. In the last seven days, the PEPE has risen to over 22.75%. Pepe Coin cryptocurrency has shown very strong potential lately, and this could be a good opportunity to ...