Chain News by Thebittimes.Com

Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s Head of State Urges for Blockchain-Powered International Payments President of Russia Vladimir Putin has called for the establishment of a new system for international settlements, independent from banks and third-party interference. It can be created using digital currency technologies and distributed ledgers, the Russian leader said, quoted by local media. Putin was speaking during a conference devoted to artificial intelligence and organized by Russia’s largest lender, Sberbank. During his address, he emphasized that financial flows and payments between nations are currently under threat amid tense relations between Russia and the West. “We all know very well that under today’s illegit...

The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview. Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times' DealBook Summit on Nov. 30.  In a wide-ranging video interview, Bankman-Fried was asked to answer a number of questions surrounding the downfall of the now-defunct exchange, with some even suggesting that some of his statements could be used to incriminate him in legal proceedings. In a Nov. 30 Twitter post, crypto attorney Jeremy Hogan, Partner at Hogan & Hogan said that the “light cross-examination” of Bankman-Fried at the DealBook Summit has already returned “at least 3 incriminating statements so far.” SBF is getting a light cross-examination at the NYT/Dealbook Summit and has made at least 3 incriminating statements so far. Why are his lawyers (or parents) letting him do this?? pic.twitter.com/Nd0poutAA0 — Jeremy Hogan ...

Author: @CC99Carol Preface Recently, Binance announced the launchpad of its 29th project , Hooked Protocol (HOOK), which has not surprisingly generated a lot of buzz. The project ’s first DApp, Wild Cash, became the only Web3 app in Indonesia to be ranked on Google Play for 9 consecutive days. And when Hooked Protocol was announced to be launched on the BNB chain, the price of BNB Token also increased by fifteen percent in one day. Project Introduction 1、Introduction Hooked Protocol is a community-driven Web3 gamified social learning platform designed with Token economics to enable its users to have a gamified learning experience while reaping the social benefits. Currently, Hooked Protocol has completed a seed round of funding from leading VCs like Binance Labs, A&T Capital and Sequoia Capital. 2、Economic model overview 1) Hooked Protocol uses a single token (HOOK) oriented structure, supported by the only token used in the ecosystem, HGT (Hooked Gold Token). Gold tokens earned th...

Join Our Telegram channel to stay up to date on breaking news coverage As its owner tries to reassure investors, CoinDesk, the online news outlet whose expose on fractures in Sam Bankman-crypto Fried’s business provoked an industry-wide catastrophe, has drawn takeover interest, according to sources familiar with the situation. Some of the attendees claimed that one of the approaches’ recommended $300 million acquisition price was too low. In addition to its well-known Consensus conference, CoinDesk was generating roughly $50 million in annual revenue through a combination of traditional web advertising. It is a part of the privately held Digital Currency Group founded by Barry Silbert, which also consists of Genesis, a company that makes loans backed by client cryptocurrency holdings, and Grayscale Investments, which oversees funds that hold bitcoin, ether, and other cryptocurrencies. As turmoil and contagion spread throughout the cryptosphere as a result of Bankman...

Join Our Telegram channel to stay up to date on breaking news coverage The Monero price prediction reveals that XMR remains above the 9-day moving average to continue the bullish movement. Monero Prediction Statistics Data: Monero price now – $141.1 Monero market cap – $2.56 billion Monero circulating supply – 18.2 million Monero total supply – 18.2 million Monero Coinmarketcap ranking – #24 XMR/USD Market Key Levels: Resistance levels: $165, $175, $185 Support levels: $120, $110, $100 XMR/USD is currently trading at $141.1 after the price dropped off earlier today and consolidating within the channel. However, the Monero price will have to focus on the bullish movement to guide against the downward pressure in the market as the closest support expects the coin at $135, which could be the daily low. Monero Price Prediction: XMR/USD May Move Upward The Monero price regains back above the 9-day and 21-day moving averages because the move...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Fantom has been a strong pumper in the blockchain markets moving over 9.5% in the last 24 hours. The price of Fantom (FTM) is now $0.236 and the bulls are teasing a recovery back up to $0.30. Many traders speculate that a major catalyst to the bullish price action is from the recent BitTrue announcement where FTM can now be staked for 7% APY.  It is important to remember that Fantom is still down 93% from its all time high of roughly $3.45, whilst these short moves offer euphoria, it is important not to chase the green candles as we delve deeper into unknown volatilities of the crypto bear market.  Fantom Crypto Price Prediction 2022 The sentiment around Fantom crypto is rather bullish this week as the price climbs up from lows of $0.17 to up to a high of $0.243.  Fantom (FTM) crypto is currently trading in a...

The messaging platform is building a set of decentralized tools, including noncustodial wallets and decentralized exchanges. Telegram is set to build a set of decentralized tools , including noncustodial wallets and decentralized exchanges, according to founder Pavel Durov via his Telegram channel on Nov. 30. The initiative is a response to the recent FTX collapse, said Durov, as the industry ended up being concentrated in the "hands of a few to abuse their power. As a result, a lot of people lost their money when FTX, one of the largest exchanges, went bankrupt." This announcement comes weeks after the launch of Fragment, a decentralized auction platform for unique usernames based on The Open Network, or TON, a layer-1 blockchain. According to Durov, Fragment has seen $50 million in usernames sold in less than a month. Besides founding Telegram and Fragment, Durov was also behind the first official version of the TON blockchain. He stated about the decentralized new to...

Per a report from blockchain Analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH’s price dipping by almost 7%.  1/ Funds stolen from FTX are on the move and exchanges should be on high alert to freeze them if the hacker attempts to cash out — Chainalysis (@chainalysis) November 20, 2022 Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This move saw them become one of the industry’s largest ETH holdings. However, early on Sunday, the hacker began exchanging the unlawfully gained ether for Ren Bitcoin (renBTC). Ren Bitcoin is an ERC-20 token that represents 1 BTC within the Ethereum ecosystem. Earlier reports revealed that the exploiter was us...

Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $842 billion. Bitcoin is trading at around the same value as last week, $16,500. Ethereum gained more than 3% over the past seven days. XRP increased by nearly 8% this past week. Almost all altcoins and Metaverse projects are trading in the green. The DeFi sector decreased the total value protocols (TVL) to around $39 billion. Crypto Trends 21 – 27 November 2022: Market Analysis and Performance The crypto market bounced back this week from the losing streak that followed FTX’s infamous implosion. Most crypto assets record shy gains, with few boasting double-digit value boosts. On the other hand, most Metaverse projects are flying high, and the overall market capitalization increased by around $20 billion. Bitcoin tried to follow the market sentiment and push past the now psychologically daunting $17,000 bar...

Per a CoinATMRadar report , Spain now ranks third globally in terms of crypto ATM installations within its borders. The European nation has pushed past El Salvador to sit behind the USA and Canada. Spain Now 3 ATMs Ahead of El Salvador According to the data, crypto users in Spain now have access to a total of 215 crypto-optimized ATMs. Indeed, Spain is responsible for 0.6% of crypto ATM installations around the world. Notably, El Salvador only falls behind by 0.1% as the Central American country holds 212 crypto ATMs in comparison, placing it in the fourth position. Spain surged to its current spot after installing 43 crypto ATMs this year alone. The Southwestern European nation has revealed in the past that its target for the year is 100 crypto ATMs. Should Spain achieve its goal, its installation numbers will climb to almost 300 ATM s. Notably, CoinATMRadar reports that crypto ATM installations decreased slightly in September this year. Their numbers are reportedly on the ...

Join Our Telegram channel to stay up to date on breaking news coverage Dash 2 Trade is an innovative platform that combines intelligence and analytics with cryptocurrency. Judging from its success in the presale period, D2T token is an excellent opportunity for investors to make massive gains. Its success is one of a kind; selling $6.5 million worth of D2T tokens post-launch shows the investor’s eagerness to learn more about the project in detail. With the revenue generated in less than a month of launch, speculations abound about how high the price will be. In this article, we’ll cover what the upcoming events for D2T are, how you could benefit, and a detailed price prediction. Dash 2 Trade Price History At A Glance Dash 2 Trade has gone through different price phases since its launch. It will likely skyrocket shortly. Statistics from its past performance will serve as a guide. Currently, Dash 2 Trade is in its third phase of the presale. The D2T is now at $0.05...