Altcoin News by Thebittimes.Com

Ethereum co-founder Steven Nerayoff has filed a lawsuit seeking $10 million from a crypto analyst who accused him of being an extortionist and government plant that aided an assassination attempt against him.  Nerayoff filed the defamation Lawsuit in a New York District court yesterday against crypto analyst Truth Labs , real name Tyler Fayard.  He claims Fayard made multiple false allegations against him, calling him a criminal and ‘inhumane fraud’ on X (formerly Twitter) over the past few months. In one instance Fayard implied Nerayoff had taken part in an assassination attempt against him during a running race. Fayard posted, “Two days after I tweeted the below Tweet about Peter Pablo, an assassination attempt on me took place while running in a Marathon . I only told one other person, @StevenNerayoff, that I would be running in that Marathon.”  Influencer ghosted Logan Paul NFT lawsuit to ‘save six figures’ Read more: Scoop: Justin Sun falsely claimed diplomatic immu...

The landscape of crypto investments is changing quite drastically in the last couple of months. Today is no different, as the Ethereum ETF approval will change the financial sector once again. Investors must understand the implications of Ethereum ETF approval. This statement is even more valid if we consider that most traditional financial institutions are using crypto assets more every day. Also Read: Ethereum ETF: July Launch Expected as Galaxy Predicts More Crypto ETFs Ethereum ETF: A New Era for Cryptocurrency Investment Image Source: WatcherGuru Having the SEC (Securities and Exchange Commission) in the US approve Ethereum ETFs brings a new era in the process of crypto adoption. As would be expected, these changes don’t only affect Ethereum, but cover the entire crypto industry spectrum. Investor Brock Pierce had this to say in an interview with TheStreet Crypto: “Everything starts with bitcoin and once you’ve learned about bitcoin, then you might start looking down th...

The Ethereum network has undergone notable changes in recent times. On September 15, 2022, the network transitioned from a proof-of-work mining model to a proof-of-stake model. This transition has led to a significant reduction in energy consumption, with reports indicating a 99.95% decrease. A few days ago, the network implemented the Dencun upgrade, which was designed to improve its functionality and performance. However, following this upgrade, the price of Ethereum ( ETH ) has experienced a decline, falling below the $4,000 mark. ETH had recently shown growth, surpassing $4,000. However, the coin has since experienced a decrease in value along with the broader cryptocurrency market. As of press time, ETH is trading at $3,321, which represents a 6.6% decrease in the last 24 hours. Despite this recent decline, ETH remains up by 83% year-to-date and is still the second-largest cryptocurrency by market capitalization. Also read: Can Dogwifhat (WIF) Hit $10 After ...

With Bitcoin surging above $71,000 for the first time, altcoins like Ethereum have embarked on renewed waves of recovery so far in March 2024. Amidst this bull run,  ETH  prices tapped new yearly highs, feeding optimism around the crypto’s outlook. The big question now is: just how high can Ethereum trend in the months ahead? Analysis of price charts reveals Ethereum, with its $479 billion market cap, has surged past the $4,000 level for the first time in two years. A 75% increase in trading volumes to $22 billion supports this signal of strengthening upside momentum. After logging 15% gains last week, ETH has rallied 60% across the past 30 days. Ethereum has notched a bullish milestone that hints at a trend reversal. Also read: Cryptocurrency: Top 3 Coins To Buy Under $10 For Better Gains Can Ethereum hit $5,000 next? If Ethereum’s price is able to sustain support around the $4,000 area in the coming weeks, some analysts estimate the next likel...

With Bitcoin sustaining levels above $56,000, altcoins like Ethereum have embarked on renewed waves of recovery so far in February 2024. Amidst this bull run, ETH prices tapped new 52-week highs last week, feeding optimism around the crypto’s outlook. The big question now is: just how high can Ethereum trend in the months ahead? Analysis of weekly price charts reveals Ethereum, with its $391 billion market cap, staged a rounding bottom breakout by reclaiming the $3,200 zone. This signals strengthening upside momentum backed by a 52% spike in trading volumes to $21 billion – indicative of rising buying pressure. After logging 17.6% gains last week, ETH has rallied 43% across the past 30 days. Ethereum has notched a bullish milestone that hints at a trend reversal. This Fib level often forms tough resistance, restricting further recovery rallies. Can Ethereum hit $4,000? Ethereum has seen recent technical patterns that indicate the potential for ...

Ethereum ( ETH ) gained over 6% in the last 24 hours, notching its third straight day of upside. The recent rally coincides with the wider crypto market awakening from its months-long slumber as Bitcoin topped $50,000. With bullish momentum accelerating, analysts watch for ETH to challenge key resistance levels to the psychological $3,000 mark. After rangebound trading between around $2,185 and $2,250 for several weeks, ETH finally broke out above the $2,330 resistance level that had capped previous rally attempts this year. Strengthening upward momentum saw prices gain 6% Monday and extend higher. Also read: Bitcoin Enters “High-Risk” Zone Hinting at Early Bull Market: Glassnode The asset now trades for around $2,645. Still, analysts caution that Ethereum may face selling pressure near the $2,700 zone that repeatedly rejected upside breakouts last fall. Can Ethereum hit $3,000? The daily Moving Average Convergence Divergence (MACD) histogram shows sustained buying press...

International broker Interactive Brokers has partnered with OSL to offer retail customers crypto trading in Hong Kong. American trading giant Interactive Brokers has become the first securities broker in Hong Kong to be approved to allow retail customers to trade crypto. In an effort to expand its services in the city the brokerage giant selected OSL, Hong Kong’s public cryptocurrency company, to trade Bitcoin (BTC) and Ethereum (ETH), according to a blog announcement published by OSL on Nov. 28 2023. Under the partnership agreement, Interactive Brokers’ retail investors in Hong Kong now have access to crypto trading “through a single unified platform powered by OSL.” “This expansion with Interactive Brokers is a testament to our enduring commitment to lead the regulated evolution of the digital asset market.” OSL CEO Hugh Madden You might also like: Hong Kong police investigates Hounax exchange for alleged rug pull David Friedland...

The company said Symbiogenesis NFTs will be auctioned off in three separate phases. Final Fantasy game developer Square Enix announced auction dates for its upcoming Symbiogenesis non-fungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auction ed from Nov. 27-28, the second from Nov. 30-Dec. 4 and the third from Dec. 2 to Dec. 3. Symbiogenesis is Square Enix’s upcoming blockchain game that Features Ethereum-based NFTs. Starting next week, it's finally time for the start of the auction ! Phase 1: 11/27 12:00 - 11/28 11:59 (JST) Phase 2: 11/30 12:00 - 12/1 11:59 (JST) Phase 3: 12/2 12:00 - 12/3 11:59 (JST) More details herehttps://t.co/MFprrApwio#SYMBIOGENESIS — SYMBIOGENESIS -NFT Art＆Game Project- | SQUARE ENIX (@symbiogenesisPR) November 24, 2023 According to the game’s documents, the first phase will include facet and mesh characters and will only allow “stakeholders” to participate. Thi...

Just days after BlackRock filed for the iShares Ethereum Trust, asset management firm Fidelity has submitted an application for its own Ethereum exchange-traded fund (ETF). Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum exchange-traded fund (ETF). In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange.   "According to the Registration Statement, each Share will represent a fractional undivided beneficial interest in the Trust’s net assets. The Trust’s assets will consist of ETH held by the Custodian on behalf of the Trust." Update: @Fidelity joins the spot #ethereum ETF race by filing a 19b-4 with @CBOE https://t.co/rxNEzpzh3g pic.twitter.com/o96XspPDEP — James Seyffart (@JSeyff) November 17, 2023 This comes after recent news that BlackRock off...

Decentralized exchange Sushi will test native Bitcoin DeFi functionality that promises to allow users to swap BTC across 30 blockchain networks. DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin swaps for its users across 30 different blockchain networks. Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without wrapping across several blockchains in what the team describes as a “native, decentralized and permissionless manner”. The integration is set to include Sushi’s v2 and v3 automated market makers and Sushi’s cross-chain swap SushiXSwap. ZetaChain core contributor Ankur Nandwani tells Cointelegraph that the partnership can bring Bitcoin’s vast user base to the DeFi sector in a native manner. He also countered arguments that suggest that bridging BTC without wrapping the assets on another chain is not possible. “There have already been early examples like TH...

Vitalik Buterin called the early Ethereum scaling solution Plasma “underrated” and a “significant security upgrade” for chains that would otherwise be validiums. Plasma, a once-prominent Ethereum layer 2 scaling solution, should be revisited by teams currently working on zero-knowledge Ethereum Virtual Machines (EVMs), says Ethereum co-founder Vitalik Buterin. Invented in 2017, Plasma diverts data and computation — except deposits, withdrawals and Merkle roots — to an off-chain environment. It was superseded by optimistic and zero-knowledge (ZK)- rollups as the two solutions offered cheaper client-side data storage costs and security properties that “cannot be matched,” Buterin explained in a Nov. 14 X (Twitter) post. Exit games for EVM validiums: the return of Plasmahttps://t.co/QgyzXAl0wv — vitalik.eth (@VitalikButerin) November 14, 2023 Buterin said rollups remain the “gold standard ,” but Plasma is an “underrated design space” that shouldn’t be forgotten. “Plasma can be a sign...

Ripple community and Cardano founder have clashed over the definition of corruption in the context of the ETHgate scandal. Ripple chief technology officer David Schwartz has countered Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security. Cardano founder Charles Hoskinson addressed the much-debated ETHgate theory in an AMA session on Oct. 8, arguing that the government’s actions were not about corruption. ETHgate is a conspiracy theory alleging that Ethereum received a free pass from U.S. regulators, particularly the U.S. Securities and Exchange Commission (SEC), which has been reiterating its stance that ETH isn’t a security for years. Despite SEC director William Hinman defining Ether as not a security in 2018, U.S. regulators have been struggling to establish the status of other coins, including XRP (XRP), which has created significant impediments to their adoption. According to Hoskinson, Hinman'...

Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol. US dollar stablecoin issuer Circle has announced that it has begun minting USD Coin (USDC) native ly on Ethereum layer 2 scaling protocol Polygon. USDC is accessible to both users and developers without the need to bridge the stablecoin from Ethereum or other blockchain. Circle Mint and Circle’s developer API’s now support Polygon-based USDC, tapping into Polygon’s scaling capabilities. 1/ It’s official. #ItsStillStableSeptember and $USDC is now available native ly on @0xPolygon PoS mainnet! Learn the benefits of native USDC and how to switch from bridged USDC.e https://t.co/KcK55sT4KH pic.twitter.com/Gm6HjR62KW — Circle (@circle) October 10, 2023 According to the announcement from Circile, businesses and developers will be able to build decentralized applications (DApps) with USDC on Polygon. The new offering is touted to enable near-instant, low fee transacti...

In the realm of crafting written content, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity, the yardstick of textual intricacy, measures how intricate the text is. Burstiness, on the other hand, examines the ebb and flow of sentence structures, comparing the diverse range of sentence lengths and complexities. Lastly, predictability quantifies the likelihood of successfully anticipating the next sentence in a given text. Human authors tend to infuse their writing with burstiness, mixing longer and more intricate sentences with shorter, simpler ones, creating a dynamic reading experience. In contrast, AI-generated sentences tend to follow a more uniform pattern. For the forthcoming content creation task, I require a substantial infusion of perplexity and burstiness while minimizing predictability. The language of choice for this endeavor is English. Now, let’s rework the following text: ...

When it comes to discussing content creation, we delve into three crucial elements: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness examines the variation in sentence structure. Lastly, predictability assesses how easy it is to anticipate the next sentence. Human-generated content typically showcases greater burstiness, combining lengthy and intricate sentences with shorter ones. In contrast, AI-generated content tends to be more uniform. Therefore, as we embark on crafting the following text, I urge you to infuse it with a healthy dose of perplexity and burstiness while keeping predictability at bay. Please ensure that your composition remains in English only. Now, let’s rephrase the provided text: Ethereum’s co-founder, Vitalik Buterin, has previously acknowledged that centralization stands as one of Ethereum’s primary challenges, a puzzle that may take up to two deca...

The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.” Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum future s ETF on Oct. 2, citing changes in the market.  In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct, we did not launch today. We didn't see the opportunity at this point in time.” However, in a follow-up email, when asked if the company still planned to launch an ETH future s ETF at a later date Young responded “of course” adding that “plans are TBD.” An Etheruem futures ETF is an exchange-traded fund that tracks the prices of Ethereum futures contracts — agreements to trade ETH at a specific time and price in the future. Essentially, it allows investors to be involved in ETH trading without having to actually hold any Ethereu...

Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partners hip between Bitbuy and crypto currency ATM provider Localcoin ATM. The partnership, announced on Sep. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada with Bitbuy’s exchange platform and the “deep liquidity” that comes with it, according to a press release from WonderFi. PRESS RELEASE: Bitbuy Partners with Localcoin, Canada's Largest Bitcoin ATM Provider Bitbuy's digital asset offering now powers nearly 50% of Canada's Bitcoin ATMs MORE DETAILS: https://t.co/rqBDoHev1O — WonderFi (@WonderFi) September 18, 2023 Bitbuy was the first cryptocurrency exchange to receive full regulatory approval in Canada. It was acquired by WonderFi in the January 2023 purchase of its parent company First Ledger Corp., for close to $162 million (206...

Shiba Inu has come a long way since its launch. Despite the success of Dogecoin in the meme space, Shiba Inu has been able to carve a separate niche for itself. Developers have been progressively working on other projects like Shib: The Metaverse, ShibaSwap, and Shibarium, trying to boost the ecosystem. Parallelly, several other projects and companies have struck partnerships and deals with Shiba Inu. In a recent post, Shibburn’s official X handle pointed out that “high demand ” has rubbed off positively on the price of the asset. Also Read: Shiba Inu: 9 Developments in Shibarium That Could Push SHIB to $0.01 The Vitalik Tangent Shiba Inu tokens have been consistently removed from the circulating supply via burns to have a deflationary effect on the price. In May 2021, Ethereum Co-founder Vitalik Buterin burned more than $6.7 billion worth of SHIB tokens. Let us rewind a bit to understand the context better. The anonymous developers of Shiba Inu ...

Ethereum [ETH] recently experienced a significant decrease in exchange outflows. According to data from Glassnode, the volume of Ethereum withdrawn from exchanges reached a six-month low of $11,062,094.68. The decline in Ethereum exchange outflows is seen as a positive signal for the crypto. This decrease in outflows suggests a drop in selling pressure, which is typically a bullish sign. Furthermore, Ethereum has experienced a significant decrease in exchange inflows since the start of the year. Such a development might help in contributing to the upward movement of Ethereum’s price in the market as well. Source At press time, ETH was trading at $1,863 experiencing a 0.83% decrease in its daily value. Although the overall market sentiment seemed lackluster, there were several indicators suggesting the possibility of a significant upswing for the leading altcoin. Also Read: Ethereum Tops Institution-Grade ESG Ranking, Bitcoin Ranks 20th Big bullish bets According to d...