Altcoin News by Thebittimes.Com

Venture capitalist Christen Ager-Hanssen announced his departure from web3 solutions provider nChain, citing a conspiracy to defraud shareholders. The Norwegian internet entrepreneur stated on social media that he was stepping down from his position as CEO “with immediate effect.” I can confirm I have departed from @nChainGlobal as its Group CEO with immediate effect after reporting several serious issues to the board of nChain Group including what I believe is a conspiracy to defraud nChain shareholders orchestrated by a significant shareholder. I also… pic.twitter.com/F6rNJfRxnl — Christen Ager-Hanssen (@agerhanssen) September 29, 2023 Ager-Hanssen alleged a conspiracy to defraud nChain shareholders in the post, directly implicating an unnamed major shareholder. He also expressed doubt about the legitimacy of the DW Discovery Fund, an open-licensed fund registered in the Cayman Islands that specializes in “investing within disruptive technology.” The now-form...

When contemplating EU membership for the nation, the digital lari emerges as a symbol of interoperability with the digital euro, all while safeguarding financial autonomy. The National Bank of Georgia (NBG) has unveiled its intention to propel research on a central bank digital currency ( CBDC ) called the digital lari, within a controlled, exclusive live pilot environment. Nine entities, including Ripple Labs, will actively participate in this project, with a single entity to be chosen for progression to the subsequent testing phase. In a report released in February, the NBG articulated its consideration of a dual-layered CBDC design, featuring third-party provided wallets. This innovative currency would be programmable and offer support for the tokenization of various assets. During an interview held in June, Varlam Ebanoidze, the NBG’s fintech lead, elaborated on potential applications for the digital lari, also known as GEL. These encompass facilitating agricultural insurance an...

Court documents, seen by Reuters on September 29, dated from July 24, have concluded John McAfee’s family’s appeal to investigate the software mogul’s death in a Barcelona prison. Despite McAfee previously expressing concerns about a potential attempt to mask his death as suicide , it has now been officially ruled that the crypto ace, famous programmer, and businessman ‘died by suicide ’. According to the Spanish court ruling: “There is not a single element of suspicion, of a charge against a third party, of criminal behavior.” – Spanish Court Technology Tech mogul John McAfee ‘faked death and is alive’ in Texas, ex-girlfriend claims John McAfee, the creator of the world’s first commercial antivirus software in 1987, was found dead in his Spanish prison cell on June 23, 2021, at the age of 75, shortly after Spain’s Supreme Court approved his extradition to the United States on tax evasion c...

Investing in crypto currencies and trading crypto can be risky, due to it still being an experimental financial ecosystem in a borderless market that never sleeps. More than knowing what projects investors should buy, knowing which to avoid can save speculators from accruing huge losses. With the intent to help investors in their due diligence, Finbold has looked into a few technical Analysis (TA) indicators, summed up to fundamental knowledge of some digital assets, to arrive at the list of those that should be avoid ed for the next week. Pepe (PEPE) Notably, the memecoin Pepe (PEPE) lost over $100 million of its market cap, from the week after Finbold listed it as the first crypto currency to avoid trading, on August 28, being priced as low as $0.0000006 on September 21. PEPE 1-month price chart. Source: CoinMarketCap The same fundamentals that motivated last month’s listing are still valid to the ‘Pepe the Frog’ token. However, PEPE is among the top gainers of the day by p...

England and Wales have seen electricity thefts rise by 75% since 2012, in large part due to cannabis farms, cryptocurrency mining, and the cost-of-living crisis, a BBC analysis has found. Over 3,500 offences were reported in 2021 to 2022 — the highest its ever been. According to a spokesperson for the National Police Chiefs’ Council (NPCC) who spoke to the outlet, electricity theft poses “a growing problem.” “It is a concerning crime as it can put people’s safety at risk and support the activity of serious organised crime,” the spokesperson said. Electricity theft involves tampering with or bypassing meters to avoid paying for energy. While tempting, the risks can be deadly; exposed wires and bypassing fuse boxes increase the likelihood of fires and death. Using figures from 42 police forces across England and Wales, the BBC found that the past three years have surpassed records. However, while some forces saw sharp rises in electricity the...

With the BRICS nation exploring de-dollarization to minimize the impact of FOMC policies on the global market, does crypto have a role to play? The Federal Open Market Committee (FOMC) has become synonymous with interest rate hikes and subsequent market upheavals. Its notoriety stems from a decision made in 2022 to curb runaway inflation by drastically increasing federal funds rates in quick succession. The committee’s power to set interest rates was granted by the Banking Acts of 1933 and 1935 in the aftermath of the Great Depression. Its role was further clarified by the Federal Reserve Reform Act of 1977, which directed the Federal Reserve to focus its policies on achieving maximum sustainable employment and overall price stability. In 1994, following years of low inflation and modest fluctuations in economic activity, the FOMC began issuing statements at the end of each of its meetings. Then, in 2011, it became customary for the Fed chair to host a press conference following F...

“The foundation intends to allocate $15 million annually in community grants to support innovative DeFi projects. Uniswap, the decentralized exchange (DEX), is currently soliciting on-chain votes to secure approval for the release of its second tranche of funding amounting to $74 million for the Uniswap Foundation’s development endeavors. According to the announcement dated September 27th, this second funding tranche, bolstered by a 10% price volatility buffer, carries an estimated value of $62 million. Its fate will be determined through an on-chain vote scheduled for October 4th. If ratified, these funds will be earmarked for operational enhancements and research grants. The Uniswap Foundation’s mission encompasses nurturing core protocol metrics, nurturing a conduit for innovation, and aligning incentives among stakeholders of this popular DEX. The development team elucidated their plans for the forthcoming year, which include the creation of a software developme...

Chainlink has been thriving in the face of adversity. On the monthly frame, Bitcoin is up 1.7%, while Ethereum is down 1.6%. Other altcoins like Solana, Cardano MATIC, and XRP have shed 3%–8% of their respective values. Chainlink, however, has risen by 33% in the same timeframe. In this process, it has already nullified the 22% loss registered last month. Retrospectively, LINK is up 24% in Q3. In this process, LINK has managed to rise up on the rankings chart. In fact, it recently overtook Shiba Inu on this front. SHIB was the 19th-ranked asset at press time, while LINK occupied the 17th position. As illustrated below, the market cap flip just transpired a few hours ago. Source: Sanbase Also Read: Bitcoin Cash Up 8%: Can Bulls Push BCH to $250? What to Expect from LINK in Q4? In the weekly timeframe, LINK has registered a bullish flip from its downtrend line initiated in 2021. As a result, analysts like ‘Rekt Capital’ have started questioning if the macr...

Ripple ’s native token, XRP, is currently trading at $0.49 and has failed to climb above the $1 mark despite winning the lawsuit against the SEC. The judge ruled earlier this year that XRP is not a security, and the cryptocurrency spiked to $0.80 in two days. However, XRP is now back to its July lows and has shed all the gains that it generated after winning the lawsuit. A handful of investors are waiting for the token to reach $1, but XRP is now stagnant in price. Also Read: GTA 6 Expected To Earn $8 Billion in a Year After Its Release Source: CoinGecko Will investors make profits in XRP in the coming years, and can the cryptocurrency turn the tide? In this article, we will highlight how high or low XRP could reach in the next five years, in 2028. Ripple: XRP Price Prediction For 2028 Source: TheCoinRepublic.com Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for XRP for the next five years. According to the prediction, XRP mig...

The North Korean hacker collective the Lazarus Group holds tens of millions of dollars worth of Bitcoin (BTC) and other digital assets, according to the latest on-chain data. Researchers at 21.co, the parent company of 21shares, the world’s largest crypto exchange-traded product (ETP) issuer, have created a new dashboard showing the crypto holdings of the cybercrime organization, which has reportedly pulled off huge hacks on behalf of the North Korean government. The data is based on 295 crypto wallets previously identified as belonging to the Lazarus Group by the US Federal Bureau of Investigation (FBI) and Office of Foreign Assets Control (OFAC). The largest hacks by the Lazarus Group in the past two years made off with a combined $960 million, according to 21.co. The hacks include: “March 29, 2022: ~$620 million theft from Sky Mavis’ Ronin Bridge. June 22, 2022: ~$100 million Harmony’s Horizon Bridge hack. June 2023: ~$100 million theft from Atomic W...

A widely followed crypto analyst is warning that several altcoins could soon undergo severe market corrections due to one main factor. In a new strategy session, DataDash host Nicholas Merten tells his 512,000 YouTube subscribers that declining market liquidity could send Cardano (ADA), XRP and Binance Coin (BNB) much lower. According to Merten, BNB could decline by more than 38% from its current value after dipping below two long-term support levels. Source: Nicholas Merten/YouTube BNB is trading for $211.25 at time of writing, up 1.4% in the past 24 hours. Next, the trader says that XRP, the token associated with Ripple Lab’s payments platform, is facing downward pressure from a large volume of selling that could cause it to collapse by 70%. “I think this is going to come down in history as one of the biggest distribution patterns in the history of crypto… The price action shows it here. There’s more available supply as there’s been more di...

Chase U.K. will block all crypto payments over fraud and scam allegations. Chase U.K., a U.K. entity of the global bank, warned its customers that starting Oct. 16, it will block all crypto-related payments in an email to the customers. The email specified that customers are still free to interact with their cryptocurrency service providers through a different bank of their choosing. “If we think you’re making a payment related to crypto assets, we’ll decline it,” the email reads. The email further explained that Chase came to the decision to ban crypto payment s since “ fraud sters are increasingly using crypto assets to steal large sums of money from people,” according to CoinDesk. This statement follows a report released by the bank in late June claiming that “ crypto currency scams are on the rise.” You might also like: UK parliament to pass crypto bill against financial crimes This development follows the UK’s ...

Millionero offers a beginner-friendly environment and robust security features. The CEX provides a user-friendly interface and advanced security protocols. The platform ensures a promising future with ideas for new features, including the mobile app. Millionero, a leading centralized crypto exchange (CEX), has emerged as a revolution in the crypto space with its beginner-friendly environment and robust security Features . The CEX, with its key motive, “Simple Crypto Trading for All,” intends to provide convenient services impartially to all crypto aspirants. The platform’s user-friendly interface and advanced security protocols are the key Features that ensure a unique position for the exchange in the DeFi space. Realizing the vulnerabilities of the crypto space and the necessity of adopting potent security measures, Millionero has implemented security protocols that are capable of ensuring the safety of user funds and data. Similarly, the platform’s age...

A closely followed crypto strategist thinks that the leading smart contract protocol Ethereum (ETH) is positioning for a year-end surge. Pseudonymous analyst Inmortal tells his 199,000 followers on the social media platform X that Ethereum will likely see significantly higher prices before 2023 expires. In the coming weeks, however, the analyst says that ETH could correct to as low as $1,300 before starting its ascent. “Expecting something like this on ETH. My strategy is the same, no matter if $1,500 or $1,300, I keep accumulating. Simple plan, simple life.”  Source: Inmortal/X Looking at the trader’s chart, he appears to predict that Ethereum could climb to as high as $2,000 by the end of the year. The chart also shows Ethereum surging above $2,500 in the first quarter of 2024. At time of writing, Ethereum is worth $1,590. Looking at Bitcoin (BTC), Inmortal predicts that the crypto king will revisit support at $25,800 before rallying back t...

How do I withdraw Bitcoin from the Cash App to my bank account? With the increasing popularity of crypto currencies, more and more people are seeking ways to withdraw Bitcoin from platforms like Cash App to their bank accounts. In this guide, we will provide a step-by-step process for withdrawing Bitcoin from the Cash App to your bank account. Whether you’re a beginner or an experienced cryptocurrency user, this guide will help you navigate the process smoothly. Also read: BRICS: A  Major Threat to US Interests in the Middle East Source: Penn Today Introduction to Bitcoin Withdrawals from the Cash App Cash App, developed by the financial services company Block, is a popular mobile payment service that allows users to send and receive funds. It also offers the option to buy, sell, and hold Bitcoin. Withdrawing Bitcoin from the Cash App from your bank account gives you greater control over your digital assets and the ability to convert them into fiat currency....