Features Crypto News by Thebittimes.Com

In a crypto market characterized by fluctuations and mediocre performances, Maker’s native governance token, MKR, has emerged as a standout performer. Over the past month, MKR has exhibited remarkable strength, recording a staggering 45% surge in its price. This impressive rally has left many investors and enthusiasts intrigued. As of the time of writing, MKR is trading at $1,513, a significant leap from its price of $1,047 just one month ago. Even more striking is its performance over the past seven days, where it witnessed an increase of more than 16%. In the last 24 hours alone, MKR has risen by nearly 3%, showcasing its resilience and attractiveness in the crypto landscape. MKR holds the 34th position in terms of market capitalization, but its recent Price surge has thrust it into the limelight. The protocol is renowned for supporting the decentralized stablecoin DAI , which aims to maintain a 1:1 peg to the US dollar. With a market capitalization of $3.81 billion, DAI ran...

A top-35 altcoin has jumped by nearly 45% in the past month, dramatically outpacing most of a middling crypto market. The native governance token of the decentralized finance (DeFi) protocol Maker (MKR) is trading for $1,513 at time of writing, up from $1,047 one month ago. The 34th-ranked crypto asset by market cap is also up more than 16% in the past seven days and nearly 3% in the past 24 hours. Maker supports the decentralized stablecoin DAI, which aims to maintain a 1:1 peg to the US dollar. With a market cap of $3.81 billion, DAI is the third-ranked stablecoin by size after USDT ($83.22 billion) and USD Coin (USDC) ($25.54 billion). MKR’s recent price surge materialized amid an uptick in address activity, according to Santiment. The crypto analytics firm notes that the asset recently hit a 10-week high in terms of daily active addresses. Source: Santiment/X Crypto tracker Lookonchain also notes that a couple of crypto whales executed MKR purchases o...

On Sep. 29, USDC-issuer Circle launched Circle Research, an initiative to advance crypto, blockchain, and web3 innovation through open-source research.  Perimeter Protocol, an open-source standard for building tokenized credit markets on blockchain networks, is the first project by Circle Research.  The Perimeter Protocol aims to create a system of intelligent contracts and benchmarks for decentralized credit exchange on public blockchains. This will allow for a seamless flow of capital on secure, transparent, and decentralized networks.  Read more: Circle files appeal to remove stablecoins from SEC’s Binance lawsuit The objective is to eliminate obstacles in on-chain lending markets. The Perimeter Protocol facilitates invoice factoring, institutional crypto credit facilities, and merchant financing. It is an open-source platform that allows anyone to utilize, enhance, and contribute to the protocol. Circle is inviting blockchain developers and the b...

GMX, a decentralized futures exchange, awarded the Collider team $1 million for finding a bug in its debt tracking system . Last year, GMX had a bug that caused GMX V1 liquidity providers to receive incorrect fair value quotes for tokens, causing the price of GLP, the exchange’s liquidity provider token, to deviate from its fair value. “Our top priority is risk management. For every position, we implement an extensive due diligence process, which encompasses thorough reviews, relying not only on external sources but also on our own audits.”  Shlomo Kraus, head of Collider Research Crypto.news has reached the GMX team for comment. You might also like: GMX token generates over $2.7m in fees Following this news, GMX prices rose, adding 4.5% to $38.13, according to CoinGecko. However, the token is down by over 50% from its $91.07 all-time high recorded in April 2023. Earlier, an unidentified GMX trader exploited the Avala...

Collectibles.com is gearing up for its much-anticipated launch. Collectibles.com is a Web3 collectibles marketplace that allows collectors to buy, sell, and trade assets. Kresus Collectibles.com partnership makes Kresus the preferred wallet solution for Collectibles.com collectibles. In a strategic move set to reshape the world of collectibles and blockchain technology, leading app developer Kresus has announced its partnership with Collectibles.com, a Web3 collectibles marketplace that is set to launch in October. Kresus, renowned for its secure and user-friendly crypto wallet , has been designated as the preferred crypto wallet solution by Collectibles.com. This partnership will be pivotal in Collectibles.com’s mission to revolutionize the global collectibles industry through blockchain innovation. Collectibles.com to launch in October Collectibles.com is slated for an October launch and is poised to become the world’s first Web3 community...

Key takeaways Radix’s Babylon upgrade has successfully been completed, ushering in a new era for Web3 user and developer experience. The upgrade enables the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and features. Radix’s Babylon upgrade is now complete Decentralised ledger platform Radix Publishing has revealed that its Babylon mainnet upgrade is now complete . In a press release shared with Coinjournal, the team said the long-anticipated upgrade represents the end of the Olympia era. The Radix team believes that the upgrade is a game-changing moment for Web3 and the wider DeFi space. The upgrade enables the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and Features , most notably, the Radix Mobile Wallet. While commenting on this  latest cryptocurrency news , Piers Ridyard, CEO of RDX Works, said, “With the Radix Babylon Upgrade complete, the Full ...

Bitcoin clinches a BTC price boost as the latest U.S. macro data flows in, with all eyes on Powell next. Bitcoin (BTC) hit new weekly highs after the Sep. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView Bitcoin summons volatility ahead of Powell speech Data from Cointelegraph Markets Pro and TradingView showed BTC price strength staging a comeback on the day, having delivered what some referred to as a classic “pump and dump” 24 hours prior. During that performance, highs of $26,823 appeared on Bitstamp as the result of 2% daily gains before Bitcoin retraced all of its progress. A slower grind higher then took hold, with bulls edging closer to $27,000 at the time of writing. Bitcoin appeared to react well to the latest U.S. macroeconomic data prints. GDP for Q2 grew by 1.7% year on year — below the projected 2.0% — while Personal Consumption Expenditures (PCE) index data for August came in in line w...

Crypto lawyer John Stark believes that a Republican U.S. President may approve Spot Bitcoin ETFs. Stark stated that candidates like Donald Trump may take a friendly stance toward crypto. The lawyer predicted that crypto users may become one-issue voters in the upcoming elections. John Reed Stark, a legal expert popular among crypto circles online, believes that the upcoming elections will play a key role in the crypto policy of the United States. According to the crypto lawyer, politicians who were previously critical of cryptocurrencies may take a friendlier stance given the popularity of crypto assets. Stark took to X (formerly Twitter) earlier today to share his thoughts on the impact of the upcoming U.S. Presidential elections on the country’s crypto market. Former President Trump is on record as being strongly anti-bitcoin and anti-crypto. But crypto-voters might be one-issue voters and are a powerful and passionate constituency, so perhaps former P...

Celsius’s interim CEO has introduced a new strategy that focuses on stability and “boringness” to navigate through bankruptcy. Ferraro aims to transform the “unoptimized” work culture Celsius had. Despite facing challenges from the SEC, Celsius is progressing toward completing a new bankruptcy plan. Celsius’s interim Chief Executive Officer, Chris Ferraro, started implementing a different strategy than the former CEO, and the strategy made the bankrupt lender “as boring as possible,” according to Bloomberg. The reports stated that with Ferraro in charge, Celsius began hosting regular staff meetings and highlighting sticking to the budget. The CEO said the point was to “make this place normal, boring, stable.” Ferraro said, “It’s OK to be boring, we’re in bankruptcy, we should tone it down.” Before joining Celsius, Ferraro worked in traditional finance at JPMorgan Chase & Co and an affiliate of Cerberus Capital Management. Ferraro ment...

Binance France has temporarily extended its collaboration with Paysafe. The partnership , which was supposed to end on Sep. 25, has been prolonged to ensure smooth operations. Binance France clients are now urged to convert their fiat balances to crypto. In June, Binance said it was working with Paysafe, the global payment solutions provider, to implement an orderly and fair process to terminate this service over the next few months. In the Sep. 26 update, a Binance France spokesperson said the exchange had negotiated more time for clients and would provide another update on the timeline as soon as possible. However, as the partnership ends, Binance may require users to provide additional information as part of standard compliance checks. You might also like: CommEX, platform that acquires Binance Russia, will offer services in Crimea The announcement comes just over a month after Binance customers in Europe reported issues with fiat withdrawals via the Si...

Built on Camino Network, the first travel industry-focused blockchain, this Web3 travel platform aims to transform how bookings work. Powered by Camino Network, this Web3 booking platform addresses the high fees and the lack of personalization options in the travel industry while also enabling crypto payments. As financial freedom reaches the generation of digital natives — people who grew accustomed to solving their problems by tapping, double tapping or swiping — many industries realize that the only way for growth lies in technological advancements backed by sustainable practices and immersive experiences. This realization triggered a nonstop battle between innovative startups and traditional companies that mostly rely on legacy technology. The taxi industry saw one of the biggest transformations during the 2010s with the introduction of ridesharing. Powered by mobile apps, ridesharing services like Uber became popular due to lower fees and personalized experiences — quickly starti...

Ripple Labs CTO David Schwartz said the primary function of validators is to help nodes confirm conflicting transactions. Nodes can identify transactions, access transaction logs and identify valid transactions. Validators in the XRP Ledger coordinate activation of features, but can’t force nodes to accept them. In a recent tweet on X, formerly Twitter, David Schwartz, the chief technology officer at Ripple Labs, clarified the role of validators in the XRP Ledger – the decentralized public blockchain backing the XRP token. According to him, the primary function of validators is to help confirm conflicting transactions and prevent a system failure.  Schwartz said the only way to interact with the XRP Ledger is through a node, which anyone can run. He added that if users choose not to use a node, someone else is running a node that allows them to interact with the ledger. He equated this to placing trust in someone’s hands. To further emphasize the rol...

A prominent crypto venture capitalist is naming the blockchain projects that he believes are the core networks in the digital asset space. Chris Burniske, the founder of Placeholder Capital, tells his 263,400 followers on the social media platform X that he believes five crypto projects have distinguished themselves. Burniske lists the networks and includes each project’s defining characteristic in a single word. “Bitcoin: conservatism. Ethereum: optimism. Solana: speed. Cosmos: sovereignty. Celestia: availability.” According to Burniske, the project’s unique value proposition attracts both users and developers and gets them to stick around for the long haul. “For core networks, often I find there’s a defining characteristic that attracts a community to come and stay because that network offers that characteristic better than any other network. Furthermore, a long-term winning network is often the first to exclusively focus on that definin...

Bitcoin faces the highest levels in the U.S. dollar index (DXY) of 2023 so far as BTC price action wobbles. Bitcoin (BTC) hugged $26,000 at the Sep. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences. BTC/USD 1-hour chart. Source: TradingView Bitcoin must preserve support now, analysis says Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory uncertain after briefly piercing $26,000 support. Sideways weekend trading soon turned sour into the new week, and upset overnight meant that bulls were unable to recoup lost ground. #Bitcoin Weekend price action wasn't exciting until the later hours on Sunday as expected. Price held around the CME Close price until futures opened and then took a nose dive. https://t.co/HgmYShdrjA pic.twitter.com/VAzov8haCJ — Daan Crypto Trades (@DaanCrypto) September 25, 2023 “Bitcoin failed to break through local resistance in the form of a descending trend line, and it looks like a little bearis...

The founder of ‘decentralized’ wallet provider Mixin Network has told users that the firm will ensure only “half” of their assets are safe, following a $200 million hack over the weekend that left users wondering how decentralized the project really is. In a Mandarin-speaking livestream on Monday, founder Feng Xiaodong said attempts to recover the lost funds were ongoing but “very difficult,” the Block reports. As a result, the company is looking into alternative ways to recoup user assets, as well as a new system for hosting user funds. While only half of the total user assets on the network are not affected, the other half may be recouped through what Feng called “bond tokens,” which users can claim in the hopes that Mixin Network will buy them back one day. Read more: Phishing attack on software firm Retool enabled Fortress Trust hack: CoinDesk At press time, Mixin’s token XIN has dropped 9% since the news broke, from $212 ...

Crypto Tony shared in an X post that he will be waiting a bit longer before investing in altcoins like RNDR again. Over the past 24 hours, RNDR’s price slipped by more than 2%, which left it trading at $1.55. Technical indicators on RNDR’s daily chart suggested that the altcoin’s price may continue to drop in the next 24-48 hours. Well-known cryptocurrency analyst and trader, Crypto Tony, shared in an X post today that now might not be the best time to “go heavy” into altcoins, specifically Render (RNDR). According to the analyst, he wants to see a “final flush” on RNDR and altcoins before getting deep into them again. $RNDR / $USD – Update I want to see that final flush on #Altcoins before i start getting deep into them again. For now we are hovering in limbo, which for me is not a sign to go heavy into them pic.twitter.com/E8e8seBeNd — Crypto Tony (@CryptoTony__) September 24, 2023 Crypto Tony’s hesitancy towards RNDR and other altcoins mig...

A widely followed crypto analyst is warning that the total market capitalization of Bitcoin (BTC) and other digital assets could collapse. In a new strategy session, DataDash host Nicholas Merten tells his 512,000 YouTube subscribers that the total crypto market cap could see a whopping $440 billion decline from its current value. He also says that Bitcoin could see a more than 43% drop from its current price. “The best-case scenario here for those who’ve already positioned themselves is that we’re going to find support prior lows at around the $650 billion market cap range or for Bitcoin likely around that $15,000-$16,000 range.” The total market cap for digital assets at time of writing is $1.092 trillion. Bitcoin is trading for $26,584 at time of writing, down 0.8% in the last seven days. Merten bases his market cap prediction on liquidity contracting further due to the Federal Reserve’s continued hawkishness, which is also weakening the per...

Kaal Dhairya, a Shibu Inu developer, has warned members of the meme coin’s community against a potential scam. Dhairya advised SHIB users not to buy or trade the Calcium token. Calcium token has no liquidity, and claims of large losses are FUD. Kaal Dhairya, a Shiba Inu developer, has warned members of the meme coin’s community against a potential scam. In a recent post on X (formerly known as Twitter), Dhairya advised SHIB users not to buy or trade the Calcium token. According to him, the digital token has no liquidity, and claims of large losses are FUD. As previously mentioned in the screenshot below, we are in the process of renouncing BONE. Please do not buy or trade the Calcium token (seriously), there is no liquidity and claims of large losses are FUD. PLEASE READ : https://t.co/BgNsdLMUop pic.twitter.com/1pxoaK4A12 — Kaal (@kaaldhairya) September 21, 2023 The SHIB developer shared a screenshot from an original blog post explaining the purpo...

ConsenSys is discontinuing Truffle and Ganache web3 development tools, guiding developers to MetaMask’s Snaps and software developer kit (SDK) for dapp development. In a Sep. 22 post, ConsenSys announced plans to gradually discontinue its web3 development tools Truffle and Ganache and authorize developers to use MetaMask tools such as Snaps and SDK to build dapps. Consensys is announcing the sunset of Truffle & Ganache, as we shift our focus towards empowering developers with @MetaMask toolings like Snaps & SDK. Recognizing the significance of Truffle & Ganache, we are partnering with @HardhatHQ to facilitate a smooth transition — Consensys (@Consensys) September 21, 2023 The latest news has stirred nostalgia among Ethereum developers who began their careers with these toolkits. Georgios Konstantopoulos, CTO and partner at Paradigm, described the announcement as the “end of an era,” recalling his first smart contract written using the Truffle ...

“No sugar coating this, it's been a challenging few months,” said Truffle in a social media post on Sept. 22. Ethereum developers are gathering to salute the teams behind Ganache and Truffle, two toolkits that were once vital in the early days of Ethereum smart contracts. In a Sept. 22 post, Consensys announced the sunset of the two products amid a broader shift to Metamask Snaps and SDK. Consensys is announcing the sunset of Truffle & Ganache, as we shift our focus towards empowering developers with @MetaMask toolings like Snaps & SDK. Recognizing the significance of Truffle & Ganache, we are partnering with @HardhatHQ to facilitate a smooth transition — Consensys (@Consensys) September 21, 2023 Georgios Konstantopoulos, chief technology officer and partner at Paradigm described the announcement as the “end of an era,” sharing that he had written his first-ever smart contract on the Truffle Suite. Similarly, pseudonymous developer and popular crypto commentator...

BTC and ARK saw their prices drop over the past day, while WLD boasted a 3+% price increase. At press time, technicals indicated that all three tokens were at a crossroads with regard to their next move. The global cryptocurrency market cap dropped 0.99% over the past 24-hours. Bitcoin (BTC), Ark (ARK), and Worldcoin (WLD) made it onto CoinMarketCap’s trending list over the past 24-hours, but all for different reasons. Both BTC and ARK saw their prices drop over this time, while WLD’s price was able to climb. Furthermore, technical indicators signaled that all three cryptocurrencies were at a crossroads at press time. Bitcoin (BTC) In the last 24-hours of trading, BTC’s value dipped by 0.48%, settling at a trading price of $26,976.78 at press time. Despite this minor decline, BTC’s performance for the week showed a positive increase of 2.36%. Furthermore, over the past month, the cryptocurrency has managed to achieve a price rise of more than 3%. Dail...