Features Crypto News by Thebittimes.Com

A leading pseudonymous cryptocurrency analyst predicted Dogecoin would keep bleeding in the charts. This year, the meme currency trades at $0.10 with little to no price spurts. The development is testing investors’ patience as it has nothing to offer. While the downward trend is quick, the upward trajectory moves at a snail’s pace. DOGE is slipping backwards in the charts and wiping away investments in a jiffy. Also Read: Cryptocurrency Investor Loses $1 Million Trading Meme Coins Considering all these scenarios, cryptocurrency analyst Altcoin Sherpa has forecasted that Dogecoin will keep falling in the indices. His forecast indicates that the meme coin could dip to $0.08 in the coming weeks. The analyst stated that it “pains” him to say it could “probably keep bleeding until $0.08.” “Pains me to say it but Dogecoin probably keeps bleeding until $.08. I still think this is probably a decent one for this cycle for passive investors but eh,...

The Witness Chain Discord channel was reportedly hacked today, making it the fifth crypto company this month to see its Discord taken over by hackers.  Witness Chain is a blockchain-based DePIN validation project. Hackers appear to have used its Discord to share malicious links, with core contributor Pankaj Agarwal warning members, “please do not click on any links posted there!” Agarwal then posted just over an hour later that the Discord server had been recovered from the hackers and fixed. The original warning was also spammed with repetitive messages that link to an apparent recovery scam. The server has been recovered and fixed! https://t.co/IbmXMdkZIs — Pankaj Agarwal (@Shankusu993) August 30, 2024 Read more: Aave hacked via periphery contract — $56K stolen from ‘tip jar’ The Discord channels of blockchain platform Polygon, blockchain Avalanche, roll-up firm Zksync, and Orderly Network were also hacked on August 24, 25, and 29 respectively.  Polygon’s Discord hack ...

When OpenSea blogged about a Wells notice it received from the Securities and Exchange Commission (SEC), thousands of supporters instantly rallied. Withholding the actual letter, OpenSea broadcast a response in which it bemoaned the SEC’s supposed targeting of NFTs. The statement claimed that “classifying NFTs as securities would not only misinterpret the law, but would also jeopardize artists’ livelihoods.” It also warned of commissioners’ allegedly “harmful consequences for consumers, creators, and entrepreneurs.”  Uproar ensued. Crypto promoters couldn’t agree more fervently with OpenSea’s blog and were more than happy to accept its characterization of the facts. They duly tweeted their views to millions of viewers. “I guess Gary Gensler thinks NFTs are securities after all,” wrote Bankless, putting words in the chairman’s mouth. “The SEC is now trying to claim that NFTs are securities,” tweeted Tyler Winklevoss, gaining 225,000 views. Brazenly, the CEO of OpenSea ...

Bitcoin (BTC) has had a rollercoaster ride throughout the past 12 months. The king coin saw major upticks and drastic downfalls. About six months ago, BTC also achieved an all-time high of $73,750.07. The asset is currently trading at $59,691.90, a 2% drop over the past seven days. Considering BTC’s current price level, the cryptocurrency is 19% below its peak. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire For Just $14 Potential Impact of the US Presidential Election on Bitcoin Source Community Expectations for a Trump Victory The community hopes to witness a major price surge if Donald Trump is elected President of the United States. Several believe that Bitcoin will record a new all-time high if Trump scores big. But things could go another way if current Vice President Kamala Harris is elected in November. #Bitcoin if Kamala Harris becomes the new USA President: pic.twitter.com/ONIuuo7IKD — Mister Crypto (@misterrcrypto) August 28, 2024 A prominent cryptocur...

The non-fungible token market continues lighting green candles now for the second consecutive week. The global non-fungible token market retested a short bull run sometime mid-this month after breaking its more than four months of downtrend. In this article, we have listed some of the most-selling non-fungible token collections this week, according to CoinGecko.com: 1. CryptoPunks NFT Collection Takes The Top Spot CryptoPunks, a non-fungible token collection featuring a limited edition of 10,000 pixilated NFTs hosted on the Ethereum that were created by the digital asset firm Larva Labs but now managed by Bored Ape creator Yuga Labs, is this week’s top-selling NFT collection. In the past 24 hours, the CryptoPunks NFT collection has amassed a trading sales volume of 343 ETH. It has a market cap of $719 million and a floor price of $72,006. 2. NodeMonkes NFT Collection NodeMonkes, a non-fungible token collection featuring a limited supply of 10,000 NFTs created using th...

Despite investors anticipating a potential price rally following significant legal developments, XRP could be poised for further losses in the coming weeks. Particularly, in a TradingView post on August 28, cryptocurrency analyst Alan Santana pointed out that technical indicators suggest XRP is navigating a descending channel. This pattern has consistently driven the price lower. Santana highlighted the critical issue of “lower highs,” where each price peak is lower than the previous one. This pattern often precedes a “lower low,” where the price dips below previous troughs.  Picks for you Kamala Harris proposes highest Capital Gains Tax in over 100 years for stocks and crypto 1 hour ago AI predicts Cardano pri...

After the former United States President and current Republican candidate for the repeat presidential position, Donald Trump, presented Ohio Senator JD Vance as his running mate, the cryptocurrency community rejoiced, and now Vance has further increased his Bitcoin (BTC) stake. Indeed, Vance is a former venture capitalist with a personal interest in making crypto assets more accepted and now has up to $350,000 in Bitcoin, up from the last reported $250,000, according to the data shared by Quiver Quantitative , a platform tracking politicians’ trades, on August 27. NET WORTH UPDATE: We estimate that JD Vance currently has a net worth of $8.7M He now has up to $350K in Bitcoin, $BTChttps://t.co/yeaHdYpwhk pic.twitter.com/Dgee0FOtN5 — Quiver Quantitative (@QuiverQuant) August 27, 2024 As the platform’s researchers explained, the estimate is that JD Vance currently has a net worth of $8.7 million, which includes up to $350,000 in Bitcoin, as of August 2024, and wh...

Polyhedra, a zero-knowledge proof protocol platform, has integrated Flare with its zkBridge Decentralized Verifier Network (DVN), as per the most recent updates disclosed to Finbold on August 27. The integration is set to bolster the development of secure cross-chain applications on the Flare network.  Flare Co-founder Hugo Philion expressed enthusiasm about the integration, noting that zkBridge brings an added layer of security to LayerZero’s protocol: Picks for you Finance experts predict XRP price for end of 2024 37 mins ago Imminent breakout? XRP whales go on $30 million buying spree in 24 hours 2 hours ago Qubic unveils Project X,...

Source: https://unsplash.com/photos/a-group-of-blue-cubes-with-numbers-on-them-JlijbOtSWuw Digital finance remains an emerging industry, and the advancement of micropayments based on cryptocurrencies is one of the most valuable trends at the moment. These payments help to expand new ways of generating revenue from the production of content for Internet users, which is often more natural and unobtrusive for them. The adoption of cryptocurrencies for payment is estimated to increase at an approximate annual growth rate of 17% between the period of 2023 and 2030 . A convenient micropayment system would be an electronic medium. Today’s writers, designers, musicians, and game developers would be able to sell individual copies of their articles, compositions, games, or art in bits and bytes. Apart from earning money out of it, it will inspire people to come up with content that is demanded by the users and not just pushed by the advertisements. When it comes to receiving payme...

Shiba Inu (SHIB) emerged as one of the top gainers of the previous week following a 14% rise. The asset has been working towards shedding the meme coin tag and emerging as a utility cryptocurrency. The SHIB network has been doing so by expanding its ecosystem and bringing about increased real-life use cases. This vision of the network has led to the community believing that the asset will soon witness a price rise and not only move beyond the 1 cent mark but also reach 4 cents. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market At press time, SHIB was trading at $0.00001498, a dainty rise of 1% over the past 24 hours. This increase is linked to the market’s overall growth and the network’s plans to launch a DAO. Shiba Inu’s Future Prospects and Community Initiatives Over the weekend, Lucie, the pseudonymous marketing head for Shiba Inu, said the team would launch a decentralized organization (DAO). This would allow meme coin holders to vote on upcomi...

The news of Telegram’s founder, Pavel Durov’s arrest, took the crypto community by surprise. Likewise, it may have contributed to the massive decline of the Toncoin, which is the cryptocurrency associated with the social media platform.  Besides the unforeseen situation, the crypto market outlook appears stable. The fear/Greed index today increased to 56. It indicates that investors are increasingly optimistic about the potential of the crypto market. Thus, today’s post explores the 7 Best Cheap Cryptos to Invest Now Under 1 Dollar . 7 Best Cheap Cryptos to Invest Now Under 1 Dollar It highlights the price data of each token and provides context on the factors driving their performance. The post also covers details of popular projects that investors should include on their watch list for future opportunities. An example is the DICE token.  1. Holo (HOT)  Holo is a peer-to-peer platform that offers creators the opportunity to build and host decentra...