Features Crypto News by Thebittimes.Com

Roar Studios will be acquired by Yuga Labs as the latter looks to onboard talent for its still-in-development Otherside metaverse. Yuga Labs accelerates Otherside pla Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse -building startup Roar Studios as Yuga looks to bolster its Otherside metaverse . Yuga tweeted the news on July 31 saying the impending acquisition was to “execute our expansive vision” for Otherside. An accompanying release said Roar Studios' founder and chief Eric Reid will join Yuga as the general manager of Otherside, charged with leading the development and production of the metaverse . We are proud to announce Yuga Labs is acquiring Roar Studios, a music and metaverse startup led by long-time entertainment Executive, Eric Reid, to execute our expansive vision for @OthersideMeta. For more, read here: https://t.co/Ll9OMrSwEP. pic.twitter.com/o2FankWun2 — Yuga Labs (@yugalabs) July 31, 2023 Yuga is also nabbing audio, game and a...

Renowned author and investor Robert Kiyosaki has rebutted the Wall Street Journal’s portrayal of a thriving US economy, underlining his skepticism on Twitter. Kiyosaki stressed that the recent upswing in the stock market was primarily driven by President Joe Biden’s decision to lift the debt ceiling, exacerbating the nation’s financial burden. Simultaneously, he extolled Bitcoin as a potential safe haven. WTF. WSJ claims economy is strong. Don’t they know the stock market is up because Biden raised debt ceiling. Americas debt is going up…so stock market going up. Numb nuts. America is broke. Still prefer gold silver Bitcoin. — Robert Kiyosaki (@theRealKiyosaki) July 31, 2023 WSJ’s optimistic predictions The WSJ article, titled “U.S. Economic Growth Accelerates, Defying Slowdown Expectations”, published on July 27, 2023, emphasized a 2.4% economic surge in the US for the Q2 2023. It interpreted this as a signal of recession avoidance. WS...

The Divided XRP Army The XRP Army, a passionate community of XRP enthusiasts, has been an influential force in promoting the cryptocurrency’s use case and potential. However, Thorp highlights a growing division within the community concerning the basis of price predictions for XRP. She noted that two distinct groups have emerged, the chart followers and utility believers. advertisement The chart followers are those who heavily relies on technical Analysis , studying historical price patterns and trends, particularly in relation to Bitcoin (BTC), to forecast short-term price movements of XRP .  People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided #XRPArmy! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst… — Shannon Thorp (@thorpshannon87) July 29, 2023 ...

Shiba Inu secures the top spot on the LunarCrush AltRank list amidst soaring social buzz and market activity. Shiba Inu has emerged as the undisputed champion, claiming the coveted No.1 position on the LunarCrush AltRank list. The remarkable feat was achieved after SHIB outperformed 4,489 other coins in terms of both social and market activity. Based on relative combined social + market activity, #ShibaInu has hit AltRank 1 out of the top 4,489 coins across the market. AltRank measures a coin's performance relative to the entire #crypto market.https://t.co/6W0wq2DvZb pic.twitter.com/Ha56ieEQIw — LunarCrush (@LunarCrush) July 28, 2023 Per LunarCrush data, Shiba Inu amassed 68.68 million social engagements, with 956 social mentions in just twenty-four hours. This meteoric surge in social activity has triggered a price rally for Shiba Inu. Based on CoinMarketCap data, the Shiba Inu price has risen by 5.44% over the last day and is currently trading at $0.00000...

US prosecutors submitted a letter to the court claiming to drop one of Sam Bankman-Fried’s charges. This angered the community across Twitter and sparked a heated discussion. Reportedly, this is the second charge being dropped. On Wednesday, US prosecutors submitted a letter to the District Judge Honorable Lewis A. Kaplan of the Southern District of New York claiming to drop Sam Bankman-Fried’s charges of making “unlawful campaign contributions.” Explaining the reason behind this decision, the US attorney Damian Williams and his team representing the United States stated, “The Bahamas did not intend to extradite the defendant on the campaign contributions count.”  This angered the community across Twitter and sparked a heated discussion among individuals and experts who believed this to be a part of a controversy. In 2022, OpenSecrets reported that Sam Bankman-Fried, the former CEO of the fallen FTX crypto exchange, was the second-largest contributor ...

The BRICS alliance sent invitations to 69 countries to attend the upcoming summit in South Africa in August. BRICS Ambassador Anil Sooklal confirmed that South African President Cyril Ramaphosa invited all the heads of state from African countries to be a part of the summit. The invitation is sent out to African nations and the political heads of the Global South bodies. However, Western countries including the U.S. U.K., Germany, and France are not invited to the upcoming BRICS summit. Also Read: BRICS : Warren Buffet Predicts the Future of the U.S. Dollar French President Emmanuel Macron had expressed interest to attend the BRICS summit but was met with fierce opposition. France was the only European country to have shown its desire to attend the upcoming meet. Macron had made controversial statements about the U.S. dollar and also called on Europe to end its dependency on the greenback. The French leader called the U.S. dollar a “great risk” to hold as reserves of...

A video shared by Worldcoin co-founder Sam Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. Amid discussions around the falling interest in Worldcoin —the blockchain project dedicated to building a user identity network — its co-founder Sam Altman shared a video that shows people in Japan lined up to give away their iris scans in exchange for “free” Worldcoin (WLD) tokens. A video shared by Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. In exchange, the users are required to provide their identification through an iris scan. day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3 — Sam Altman (@sama) July 26, 2023 “One person getting verified every 8 seconds now,” wrote Altman as he shared the video of people lining up for the Orb. However, Worldcoin has not y...

DOGE gained as much as 15% in the last seven days while SHIB consolidated. Additionally, DOGE’s volume pressure increased, and the price could reach $0.08249 . SHIB’s upward momentum was weak, signaling a possible decline in price. Dogecoin (DOGE) and Shiba Inu (SHIB), the two prominent meme cryptocurrencies, are at crossroads as their next targets could lead them on diverging paths. For DOGE, it has been a rollercoaster ride to $0.08, thanks to a 15.52% gain in the last seven days. SHIB, on the other hand, hasn’t been so lucky. According to CoinMarketCap, SHIB’s 7-day performance was a mild 1.58% increase. SHIB and DOGE 7-Day Performance (Source: CoinMarketCap) Dogecoin (DOGE) While DOGE exchanged hands at $0.080, crypto analyst Michaël van de Poppe tweeted that the meme’s next targets could be between $0.08074 and $0.08249. Getting there for $DOGE, but still more to come. pic.twitter.com/F12Rwe5IHN — Michaël van de Poppe (@Crypto...

Recently, Elon Musk has been making waves with his changes to his social media platform Twitter , one of the biggest in the world. However, the name of the platform may be the next to change, completely altering the way we look at the brand. Musk and the Twitter team are working to change Twitter to “X”, and he says that this will become “the most valuable brand on earth.” JUST IN: Elon Musk says "X will become the most valuable brand on Earth." — Watcher.Guru (@WatcherGuru) July 25, 2023 The bold claim comes in a tweet by Elon in response to a Bloomberg, where he adds “Mark my words.” Bloomberg’s story quoted brand agencies and analysts who estimate getting rid of the Twitter brand will likely wipe anywhere from $4 billion to $20 billion off the company’s value. The billionaire plans to make X a comprehensive communication platform that also can conduct robust financial transactions. Also Read: Twitter...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, its subsidiaries, Chengpang Zhao, and Samuel Lim have filed a motion to dismiss CFTC’s case against the exchange. Binance seeks a joint Motion to Dismiss the Complaint, filing a court order involving Foreign Binance Entities and Zhao. In March 2023, the US Commodity Futures Trading Commission (CFTC) filed a complaint against Binance, accusing the exchange of violating the United States Commodity Exchange Act. The CFTC claimed that Binance deliberately disregarded the applicable provisions of the Act and used regulatory arbitrage to its advantage. Motion to Dismiss More than 15 Pages Binance has requested the court to remove the 15-page limit for its Motion of Dismiss in response to the CFTC’s complex complaint, as it requires making multiple arguments to support its case. The top cryptocurrency exchange has requested an exemption due to Local Rule 7.1, which limits support or oppositi...

Also Read: Dogecoin Whales Scoops 3 Billion DOGE Ahead Of Twitter Rebranding advertisement Crucial Level Of Resistance For Bitcoin According to crypto analyst CrediBull, the key level of validation for Bitcoin price remains $30,400, above which the doors for further bottoming are shut. If BTC can move above that, the down side is likely completed and could be a hard bottom signal, the analyst explained. In the price range of $29,500 to $30,200, about 1.72 million BTC were transferred, making it a key area to break. Also, at the current level, there haven’t been any mass liquidation lately, which means the dip only means it is a deviation. Historically, it was seen that the lack of panic selling is generally a sign of bullishness. A summarization of the Analysis noted, “$30,400 remains the line in the sand for bull/bear. A drop thus far has been controlled, and no major liquidations were seen. The beginning of the end to this one month long consolid...