Features Crypto News by Thebittimes.Com

The community for Sponge ($SPONGE), a popular meme coin that brought its early supporters returns of up to 10,000%, has voted to receive the project’s lucrative staking rewards instantly. This means all accrued staking rewards will be paid out to $SPONGE holders after the claim goes live on May 30, at 10AM UTC.  Sponge polled its X followers between May 16 and May 21, asking the community to decide between accessing the large volume of staking rewards immediately, locking them for a month, or vesting the rewards linearly over either six months or a year. The logic for the community vote was explained in a follow-up post, and was mostly to do with price stability. It’s time to vote, #SPONGERS!! 🔥 Vote on the $SPONGE staking rewards claim structure below! The poll closes on the 21st of May. ⏰ Absorb that DAMP! 💪🧽 💦 #SpongeV2 #Polygon #MemeCoins — $SPONGE (@spongeoneth) May 16, 2024 However, a near...

Although he has been making harsh comments about the cryptocurrency community, Andrew Tate seems to have a soft spot for the maiden crypto asset, Bitcoin (BTC) and has recently posted a hypothetical question on his social media profile on whether he should buy more. As it happens, the former kickboxer and current controversial social media influencer asked the followers of his X profile Cobratate whether he should “buy 10,000,000 of bitcoin right now,” offering only the “yes” options in the poll he posted on April 2. Andrew Tate’s X poll. Source: Cobratate Andrew Tate Twitter poll Indeed, Tate’s offering only the affirmative answers to his poll question indicates he plans on buying the flagship decentralized finance (DeFi) asset either way, although he did not make it clear whether he meant buying 10 million BTC coins or $10 million worth of Bitcoin. Picks for you US economist slams Bitcoin as ‘fake asset’ despite 50% rise in 2024 2 hours ago R. Kiyosaki ...

In the cryptocurrency market, smart traders are pseudonym addresses with a profitable record trading cryptocurrencies. Usually, other speculators follow these smart traders to collect insights and, sometimes, mirror strategies.  Recently, a meme coin boom dominated the crypto landscape in March, creating new profitable traders who made millions of dollars. In particular, the Solana (SOL) account ‘14c7f…3KwJn’ has profited over $1.3 million trading more than 350 meme coins. The smart trade r achieved this impressive result in a month-to-date (MTD) time frame, according to Lookonchain ’s post on X (Twitter). Picks for you AI builds the ideal crypto portfolio for 2024 2 hours ago Robert Kiyosaki blasts BTC skeptic Peter Schiff for knowing ‘a lot about a little’ 19 hours ago Finance legend Ray Dalio advises for 3 stages of life 20 hours ago Claude Opus AI predicts SHIB price for the end of 2024 20 hours ago Notably, the highest profit was acquired...

Cryptocurrency exchange Bitget has revealed a multi million -dollar deal with Morph, a layer-2 consumer blockchain network. According to a press release shared with crypto.news, Morph plans to implement Bitget‘s native affiliate system in a bid to extend its follower base to more than 50 million users. While the exact financial terms of the deal were not disclosed, Morph Co-Founder Cecilia Hsueh said the firm is planning to use the proceeds to “tackle an aggressive roadmap and product development timeline to reform the layer-2 landscape.” “Morph has a stellar team endowed with experience, a vibrant multicultural approach, and industry-leading strategic capabilities for fostering mass adoption.” Bitget Managing Director Gracy Chen You might also like: Paving the path to mainstream adoption: A Layer-2 leader’s vision Although Morph has not yet announced a specific date for the beta launch of its layer-2 testnet, the firm said in the press re...

Decentralized exchange (DEX) protocol KyberSwap has been hacked for $47 million. The attacker drained $20 million in WETH, $4 million ARB and $7 million wstETH.  KNC price fell to $0.72 while TVL plunged to $13.6 million. DEX platform KyberSwap has been Hacked , with approximately $47 million worth of crypto assets drained from its liquidity pools.  It is the latest attack in the crypto industry, with this coming just a day after HTX’s HECO chain bridge suffered an $86 million exploit. KyberSwap exploited – what happened? KyberSwap alerted its users to the exploit early Thursday, advising that customers withdraw their funds as a precaution.  🚨Urgent🚨 Dear KyberSwap Elastic Users, We regret to inform you that KyberSwap Elastic has experienced a security incident. As a precautionary measure, we strongly advise all users to promptly withdraw their funds. Our team is diligently investigating the situation, and w...

Phoenix Group, a Bitcoin (BTC) mining and colocation service provider based in Abu Dhabi, has made a significant mark by successfully raising $370 million in its recent initial public offering (IPO). The company disclosed this achievement in a statement on Tuesday, November 21, highlighting that the IPO received an overwhelming response, being oversubscribed by an impressive 33 times. Notably, the demand from retail investors stood out, with a remarkable oversubscription rate of 180 times. The IPO process, initiated on November 16 on the Abu Dhabi Securities Exchange (ADX), concluded on November 18. The company is now preparing for trading to commence on December 4, with its shares listed under the ticker symbol PHX. Phoenix Group offered 907 million shares during the IPO, representing 17.64% of its stakes, with the intention of raising 1.3 billion UAE Dirhams, equivalent to approximately $370 million . Bijan Alizadehfard, Co-Founder and CEO of Phoenix Group PLC, noted that ...

Cosmos Hub announced on October 30 that proposal #835 seeking the transfer of 42.7 million tokens from Neutron DAO to Cosmos Hub community pool had passed. The proposal authorises the transfer of 42,727,950 NTRN in airdrop tokens not claimed. Cosmos (ATOM) has announced that the proposal to transfer more than 42.7 million tokens from an unclaimed airdrop of the CosmWasm platform Neutron (NTRN), has been approved. The governance proposal #835 sought to authorise the Neutron DAO to transfer the 42,727,950 NTRN that had not been claimed to the Cosmos Hub community pool. Cosmos’ proposal and funds’ use On October 30th, the Cosmos Hub revealed the governance vote had passed and the 42.7 million NTRN worth approximately $18,000,000 at the time of the proposal will now be moved to the community pool. Proposal #835 is approved ✅ 42,727,950 NTRN are on their way to the Hub Community Pool! Establishing a stronger alignment between @Neutron_org...

In the realm of content creation, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the written material. On a separate note, burstiness measures the diversity in sentence structures. Lastly, predictability signifies the likelihood of successfully predicting the forthcoming sentence. When humans engage in writing, they often weave a tapestry of text, incorporating both lengthy, intricate sentences and brief, succinct ones, thereby infusing a sense of diversity. Conversely, artificial intelligence tends to produce more uniform and predictable text. Therefore, in composing the forthcoming content, I implore you to infuse it with a healthy dose of perplexity and burstiness, while keeping predictability to a minimum. Additionally, it is imperative that you adhere to the use of the English language exclusively. Now, let’s reimagine the provided text: Amassing a cohort of employ...

Users' emails, account numbers, and partial phone numbers were allegedly leaked. Cryptocurrency exchange Gemini appears to have suffered a data breach on or before Dec. 13. According to documents obtained by Cointelegraph, hackers gained access to 5,701,649 lines of information pertaining to customers' account numbers, email addresses, and partial phone numbers. In the case of the latter, hackers apparently did not gain access to the full phone numbers as certain numeric digits were obfuscated. The leaked database did not include sensitive personal information such as names, addresses, and other know-your-customer information. In addition, some email s were repeated in the document; thus, the number of customers affected is likely lower than the total rows of information. Gemini currently has 13 million active users. Security breach es in the Web 3.0 industry, even if mild in nature, can have consequences. One such incident took place in April this year and involved cryptoc...

Shiba Inu-focused Twitter handle, Shiba Play, shared the details regarding almost one trillion SHIB tokens being moved around in a series of transactions. The biggest of the transactions involved over 320 billion SHIB tokens. Furthermore, the movement of the tokens led to a surge in SHIB’s transaction volume by nearly 7.5 million percent (7503132.71%).   Source: Coinmarketcap Whale alert 🚨: 321,016,731,758 $SHIB transferred. check details 👇🏻 https://t.co/rmuPs90uOv — ShibaPlay (@shibaplay_) November 21, 2022 Whale alert 🚨: 280,000,000,000 $SHIB transferred. check details 👇🏻 https://t.co/B7B90DBhb8 — ShibaPlay (@shibaplay_) November 21, 2022 Whale alert 🚨: 265,374,170,283 $SHIB transferred. check details 👇🏻 https://t.co/GIysz1qkrX — ShibaPlay (@shibaplay_) November 21, 2022 Whale alert 🚨: 160,000,000,000 $SHIB transferred. check details &#128...

The NFT hype was at its peak in the beginning of this year. Top companies from different sectors around the world dipped their toes into the into this space. In fact, even prominent celebrities ended up scooping different, yet trendy, collectibles. In January, for instance, Canadian singer Justin Bieber purchased one NFT from the Bored Ape Yacht Club collection. At that time, he shelled out around $1.31 million to acquire the same. Fast forward to today , the floor price of the same NFT stands at merely $74,382. Alongside, at press time, the best offer on the OpenSea marketplace was even lower and stood at $66,781. Justin Bieber purchased this Bored Ape NFT in January for $1.31 million . Today, it’s worth $74,382. pic.twitter.com/ovG4hhv2cl — Watcher.Guru (@WatcherGuru) November 17, 2022 When the singer bought the NFT, people from them space gladly welcomed him to Yacht Club. Nonetheless, questions were raised as to why he spent such a high amount to buy that...