Altcoin News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Revolut, the prominent European exchange and payments company, has made a significant move in response to the recent regulatory landscape surrounding cryptocurrencies in the United States. Revolut Drops Support for Cardano, Polygon, and Solana in Response to Changing US Regulations In an email communication to its U.S.-based users on June 28, Revolut announced that it would no longer support three major cryptocurrencies: Cardano (ADA), Polygon (MATIC), and Solana (SOL). The decision by Revolut means that U.S. users will immediately lose the ability to purchase ADA, MATIC, and SOL through the app. However, the company did not provide specific details on the deadlines for selling or holding these cryptocurrencies. Revolut plans to automatically sell any remaining holdings of ADA, MATIC, and SOL for its users and deposit the equivalent value in cash into their Revolut accounts after the designated deadline....

A recent survey conducted by Binance Research and Binance VIP & Institutional provides insights into the thoughts and preferences of institutional investors in the cryptocurrency market. The Institutional Crypto Outlook Survey gathered responses from 208 Binance institutional clients and VIP users, offering information about their attitudes, preferences, adoption, and motivations regarding cryptocurrency investments. Find all the details of the survey here ️https://t.co/MepebgEUTI — Binance (@binance) June 30, 2023 The survey reveals that 63.5% of respondents are optimistic about the crypto market in the next 12 months. Additionally, 88.0% have a positive outlook for the next decade, indicating their long-term confidence in crypto. Regarding portfolio allocation, 47.1% of institutional investors maintained their crypto holdings over the past year, while 35.6% increased their allocation. Looking ahead, 50% of respondents plan to increase their allocation in the next 12 m...

The scheduled launch date for these futures contracts is set for July 31, pending regulatory review. On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures . The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures , launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup) June 29, 2023 According to the announcement, the settlement of Ether/Bitcoin Ratio futures will be in cash, based on the final settlement price of CME Group’s Ether (ETH)  futures divided by the final settlement price of CME Group's Bitcoin (BTC) futures . Moreover, this new contract will adhere to the identical listing cycle observed in CME Group’s Bitcoin futures and Ether futures contracts. Giovanni Vicioso, CME Group’s global head of cryptocurrency products, emphasized the potential for...

Bitcoin Cash (BCH) recently received an influential exchange listing and a network upgrade, which triggered sudden investor interest in the token. On the other hand, Ethereum (ETH) whales have continued buying, with their holdings striking a new all-time high. Meanwhile, VC Spectra (SPCT) recently launched its  initial public presale  and is poised to  skyrocket 10x  of its current value. The platform has captivated investors with its  unraveled precision  in identifying  profitable projects . BUY SPECTRA TOKENS NOW Bitcoin Cash (BCH) Soars High as Global Adoption Skyrockets Bitcoin Cash (BCH) has skyrocketed by 5.08% to $231.99 in the past 24 hours. With the Bitcoin offshoot platform experiencing increased adoption, Bitcoin Cash (BCH) has attracted massive investor sentiment. Recent data shows that the number of unsettled futures or open interest soared to over $400 million earlier in the week from $75 million the previous week. Most of this trading interest emerged fr...

Shiba Inu (SHIB), a crypto known for its meme-inspired beginnings, has experienced price fluctuations. Nevertheless, the project has made significant strides in terms of utility and development initiatives. Setting itself apart from other meme coins, Shiba Inu distinguishes itself by actively participating in development projects and regularly updating its community to ensure transparency and communication. Now, according to the latest data from Etherscan, SHIB whales have moved almost 8.8 billion Shiba Inu between various crypto exchange wallets. Source: Etherscan Shiba Inu whales move billions of SHIB between exchanges Etherscan data shows that there have been five transactions ranging from 1.2 billion SHIB to a high of 2.4 billion SHIB. A notable transfer of SHIB took place involving the prominent cryptocurrency platform Gate.io. It was a total of 2,499,592,500 SHIB moving from an undisclosed crypto wallet. Additionally, a transaction can be seen where 1,904,542,431 SHIB moved from ...

While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go. According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies. Digital asset compliance and risk management firm TRM Labs revealed that illicit finance volumes involving Bitcoin (BTC) had fallen significantly over the past seven years, according to its “Illicit Crypto Ecosystem Report,” released on June 28. TRM Labs said instead a new multichain era has led to a “qualitative leap” away from Bitcoin as a primary means of moving criminal proceeds. The firm also highlighted that cash and other forms of fiat-related finance remain the “default” means of criminal money movements. “Indeed, cash and even older forms of finance such as hawala (transferring money without physically moving it) rem...

Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times. Investors who managed to get their hands on DOGE early on managed to make millions. Now, according to the latest details from Whale Alert, a dormant address containing over 2 million Dogecoin has been activated. A dormant address containing 2,002,447 #DOGE (131,178 USD) has just been activated after 9.5 years!https://t.co/m1aIwd8s5O — Whale Alert (@whale_alert) June 27, 2023 Dormant Dogecoin address activated after 9.5 years The whale address with over 2 million Dogecoin is now worth almost $131,178. The dormant address was activated after almost 9.5 years of no activity. The activation of a dormant address after nearly a decade has ignited a flurry of theories and speculation. A...

This article is jointly published by X-explore and WuBlockchain. Since Uniswap began using airdrop strategies to reward its early users in 2020, airdrops have sparked a huge craze in Web3. Influenced by this, numerous projects have seen a surge in people hunting for the next "free lunch" (looking for new airdrop projects). Now, nearly three years have passed since Uniswap's airdrop, and during this time many large projects have followed suit, using airdrops to reward users or attract attention. According to estimates from X-explore, over 20% of the airdrops in Arbitrum's airdrop in March this year were claimed by so-called "free riders" who use Sybil attacks. Therefore, we hope to answer the following two questions through a deep analysis of users who have successfully claimed multiple airdrops: Who are these airdrop "experts"? What are their subsequent "targets"? To answer the above questions, among the myriad of Ethereum and its layer 2...