Features Crypto News by Thebittimes.Com

BitMEX founder Arthur Hayes reportedly says that layer-1 blockchain Aptos (APT) is capable of solving many problems for the traditional finance (TradFi) world. In a speech at the recent Aptos Experience conference in Seoul reported by Aptos co-founder Mo Shaikh, Hayes says that his experience in the TradFi world showed him how antiquated the industry is, with large amounts of friction and frequent disputes over settlement delays, currency payments and stock deliveries. The crypto veteran says that a world where TradFi products trade on an Aptos-based decentralized exchange (DEX) could change that. “As an ETF (exchange-traded fund) issuer, you don’t want to deal with all that, so you move all that to an Aptos DEX. With a DEX, you get 24/7 trading and immediate settlement. Why does it take one or two days to settle stock, bond or securities trades in a world where it’s just data moving around? Exchanges resist changing their policies because doing so would expose

XRP’s price has experienced a notable surge, increasing by 12% over the past seven days to trade at $0.586 at the time of writing. This article will explore whether XRP can reach the $1 mark again and reflect on its past performance. Historically, $XRP saw significant market cycles in 2017 due to its unique position in the crypto market with limited competition at the time. However, each cycle has shown diminishing returns as market saturation and political factors have increased. Recently, $XRP’s price spiked following the launch of the Grayscale XRP Trust, which provided new avenues for investors. This development is seen as a significant event, potentially bringing more traditional investors into the market and improving accessibility through established financial instruments. Launched on September 12, the new trust is now open for daily subscriptions by accredited investors who meet specific qualifications. This trust mirrors the design of Grayscale’s prior single-asset trusts,

The Ethereum (ETH) ecosystem comprises dozens of second-layer blockchains (L2s), each regularly unlocking millions of dollars of their native tokens. These massive unlocks create significant selling pressure, potentially leading to price loss over time as private investors dump on retail. This week, two popular Ethereum L2s will unlock nearly $100 million worth of tokens, according to retrieved data from TokenUnlocksApp . In particular, Arbitrum (ARB) and Starknet (STRK) will be responsible for $74.69 million of the $116.86 million released from 13 cryptocurrencies in the seven days starting September 14. These events will represent a circulating supply inflation of 2.7% and 3.6% for ARB and STRK, respectively. Picks for you Gold or Bitcoin? Robert Kiyosaki puts an end to the debate 1 hour ago

OpenAI, the leading company in artificial intelligence (AI) development, just launched its most advanced model, the o1, on September 12. Looking to test the AI’s capabilities and gather insights on the cryptocurrency market, Finbold asked o1 for a Bitcoin (BTC) price prediction for the end of 2024. In a bullish forecast, OpenAI’s o1 believes Bitcoin could “experience significant upward momentum,” pushing prices above its all-time high (ATH). The conservative BTC price prediction goes within the range of $80,000 to $100,000 by the end of 2024. However, the AI has a bearish case for Bitcoin, potentially holding it between $60,000 and $70,000. This would happen amid “adverse regulatory actions, macroeconomic downturns, or persistent negative sentiment,” o1 wrote, which could suppress BTC’s price. Picks for you John James' net worth reveal

The Drift price surged 21% in the last 24 hours to trade at $0.6948 as of 3 a.m. EST on trading volume that skyrocketed 75% to $57.6 million. DRIFT has soared 63% in the past week and 108% in a month, driven in large part by the introduction of the first capital-efficient prediction market called BET, which went live on DRIFT. Introducing BET: The First Capital-Efficient Prediction Markets on @solana Bet bigger on the future. Hedge on a unified platform. Earn yield from your positions. pic.twitter.com/1dWcDRLrZL — BET on Drift (@DriftProtocol) August 19, 2024 BET on DRIFT called the prediction markets the next frontier for the DeFi sector, merging trading with real-world outcomes. Other than that, the Coinbase Wallet also introduced Drift to its community, presenting it as a unified platform for borrowing, lending, spot trading, prediction markets, and more. Onchain Spotlight 🔆 Drift@DriftProtocol is the home to onchain trading on Solana. Discover a unified platform for borro

Ripple (XRP) has been caught in a struggle to escape the dark clouds cast by its ongoing legal battle with the US SEC. Meanwhile, crypto market experts suggest considering Solana and another emerging coin to your investment portfolio as a hedge against the ongoing market volatility. But the main question is, why are experts recommending this new coin while the market falters? Read on to find out! XRP vs. SEC Update: Will the SEC Appeal the Last Court Ruling? The ongoing legal saga between Ripple and the US SEC is far from over, even after a notable court ruling in August 2024. On August 7, Judge Analisa Torres ruled that Ripple must pay the SEC a $125 million fine for violating securities laws. However, Ripple has filed a request to delay this payment, and the court granted a stay. This means Ripple will not have to pay the fine until either the time allowed for an appeal expires without one being filed or after the Court of Appeals has made its final decision in case of an a

The UK crypto bill will change how Bitcoin and other digital assets are viewed legally. This new law aims to treat cryptocurrencies as personal property. It could reshape digital asset rights and cryptocurrency regulation in the UK. United Kingdom introduces bill to recognise #Bitcoin & cryptocurrency as personal property. Translation: We want to tax your #BTC gains rather than treat it as a tax-free currency like in El Salvador. pic.twitter.com/bIyNbQuxf4 — Simon Dixon (@SimonDixonTwitt) September 11, 2024 Also Read: Bitcoin Experts Bullish On Shiba Inu’s (SHIB) $0.05 Price Target Understanding the UK Crypto Bill: Bitcoin Legal Status, Digital Asset Rights, and Cryptocurrency Regulation A New Category of Property Source: MSCI On September 11, 2024, the UK Parliament introduced the Property (Digital Assets etc) Bill. This bill creates a new way to classify digital assets under British law. This is the first time Bitcoin, NFTs, and even carbon credits could be seen as personal pro

The rapid embrace of crypto ETFs is reshaping the investment landscape. With record adoption rates, market watchers are keen to see which cryptocurrencies will be next in line for an exchange-traded fund. As the buzz intensifies, the spotlight turns to emerging contenders like Solana, Dogecoin, and CYBRO. Get ready to uncover which coins are poised for significant growth. CYBRO Presale Exceeds $1.8 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1.8 million . This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential ROI of 1200% , with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In another excit

The Bitcoin price tumbled 1% in the last 24 hours to trade at $56,141 as of 03:40 a.m. EST on trading volume that dropped 10% to $30 billion. This comes as the odds of Kamala Harris becoming the next president rose on betting platforms including Polymarket. Harris’ winning odds rose from 46% to tie with Trump at 49% after the debate. World's largest prediction market. Before the debate After the debate pic.twitter.com/p1KjOOFZU1 — i/o (@eyeslasho) September 11, 2024 Moreover, bettors on Polymarket indicate a 94% probability that Harris won the debate. Bitcoin briefly rose above the $58,000 market in the hours leading up to the debate, but dipped to lows of around $56,700 during the debate, and is now trading below $56,300. Bitcoin Price Aims For A Bullish Trend Reversal The Bitcoin price dropped from August 29 to September 7, as the bears took control of the price at the $61,100 resistance to drop to the $53,500 support, according to

Memebet Casino ($MEMEBET Token) is breaking new ground in the online gaming space with its ICO, which has already raised $150,000 in minutes, for a new online casino where users can wager directly with meme coins for the first time. The project caters specifically to the “degen” community. It offers a diverse range of casino games, meme coin betting options, high-stakes, and a sportsbook where users can place bets using meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and others. Memebet Casino leverages Ethereum’s robust security and provides a transparent, fair gaming environment. It is integrated with Telegram so users can be assured of a smooth, no-KYC gaming experience. The presale for Memebet Casino’s $MEMEBET token opens at an initial price of $0.025. However, as the project moves into its second round of funding, the price is slated to increase to $0.0251 within the next three days. By bringing 2024’s hottest meme coins into the onl

After warning for a long time of the biggest stock market crash in history, Robert Kiyosaki, a renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ recently alerted that it had already begun and highlighted the hidden crashes lurking. Specifically, Kiyosaki discussed the unfolding widespread financial crash, particularly warning about the bond markets and arguing that the entire system is coming down due to corruption, during an interview with ITM Trading’s Daniela Cambone streamed on September 6. “The biggest markets in the world are the bond markets, and you ask any financial planner, ‘should I buy bonds?’ [they’ll say] ‘yes, they’re safe’ and the whole thing is coming down because it’s all corrupt, so that’s why, for all these years, it’s gold and silver. I own gold mines, silver mines, all that stuff.” Picks for you