Chain News by Thebittimes.Com

In an Oct. 26 announcement, the Spanish Ministry of Economy and Digital Transformation shared that the Markets in Crypto-Assets (MiCA) Act will come into force on a national level in December 2025, six months earlier than scheduled. According to the European Securities and Market Authority, the deadline for implementing MiCA is 18 months after full application in December 2024, putting the date at July 2026. Providing protection The announcement shares that the first vice president of Spain, Nadia Calviño, met with Verena Ross, the president of the European Securities and Market Authority, to discuss the advancement of MiCA regulations. You might also like: Spain’s central bank expects digital euro to enhance financial services The report goes on to say this option, which is in line with the request that ESMA has been making to Member States, allows the application of MiCA in Spain to be brought forward, allowing the CNMV to begin supervision earlier, which will provi...

Cryptocurrency data aggregator CoinMarketCap requires money to make changes about an asset on its website. As the team of the Ergo blockchain platform stated, they turned to the service administration with a request to correct the information about the market supply of the coin. Dear @CoinMarketCap, After over a year of requests attempting to get the #Ergo information corrected (circulating supply), we were presented with the following path forward in the attached screenshot. Strangely enough…@coingecko has no issue verifying the authenticity of our… pic.twitter.com/cRRmavX9qh — Ergo (@ergo_platform) October 31, 2023 In response, a CoinMarketCap representative sent a form that, among other things, included a clause requiring payment of an invoice for $5,000. Based on this, Ergo doubted the relevance of the data provided by the aggregator. CoinMarketCap itself has not yet commented on the situation. In January, representatives of the SaTT and TokenBot projects accused...

On-chain data shows the firm behind Ethereum’s (ETH) biggest decentralized exchange Uniswap (UNI) is sending over $40 million worth of assets to several crypto exchanges. First spotted by blockchain tracking firm Lookonchain, the Uniswap Foundation suddenly moved millions of UNI tokens over the last week to crypto exchanges OKX, Kraken and FalconX. “Uniswap Foundation has transferred out a total of 9.8 million UNI ($40.66 million) in the past six days. 3.4 million UNI($14.1 million) was deposited to OKX; 3 million UNI ($12.45 million) was deposited to Kraken; 3.4 million UNI ($14.1 million) was transferred to FalconX.” Since the UNI stacks were sent to crypto exchanges, they could be potentially sold on the open market. Last week, Lookonchain reported that the Uniswap Foundation relocated millions of UNI tokens to Kraken. “Note that Uniswap Foundation transferred 6.8 million UNI ($29.16 million) to a new address and FalconX… Uni...

Binance announces the listing of Celestia (TIA) along with enhanced risk management Features , including a mandatory quiz for traders interested in tokens marked with a “Seed Tag.” Celestia (TIA) has been pre-listed on decentralized exchanges, and it’s currently trading at $3.15 on Halix. Celestia aims to transform blockchain scalability by separating execution from consensus, thereby introducing a new model known as data availability sampling. The network allows for the creation of modular blockchains, offering secure scalability as the user base grows. #Binance will list @CelestiaOrg $TIA with Seed Tag applied. ️ https://t.co/CoKn80QH4P pic.twitter.com/fq9gwjk7KM — Binance (@binance) October 30, 2023 Binance has announced the listing of Celestia (TIA), a modular data availability network. Trading will be live on Oct. 31, at 16:00 (UTC), with three new spot trading pairs—TIA/BTC, TIA/USDT, and TIA/TRY. Users can begin depositing TIA as early as 14:00 (UTC)...

El Salvador has the potential to become the “Singapore of the Americas,” says fund management titan VanEck, with more than $76 billion in assets under management. El Salvador’s growth is similar to that of Singapore in the late 1990s when that city state’s economy grew by almost 13% annually between 1986 and 1996, said director of digital assets strategy Gabor Gurbacs in a tweet. “I expect continued increase in immigration to, capital investment in, and overall growth in El Salvador,” he said. “I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas.” Thrilled, honored and excited to start working with the Bitcoin Office in the first country to adopt a bitcoin standard! https://t.co/KsczRwFIh5 — Saifedean Ammous (@saifedean) May 30, 2023 Singapore rivals Hong Kong as Asia’s leading financial centre and also is adopting a relatively friendly attitud...

Bitcoin (BTC) gained bullish traction two weeks ago with the high anticipation of the spot ETF approval, but a key indicator still shows high volatility for the asset. According to data provided by the market intelligence platform Santiment, Bitcoin’s whale activity and social volume dropped significantly over the past week. The plunge comes while the flagship cryptocurrency took a notable dive from the $35,000 mark to almost $33,000 on Oct. 26. BTC price, whale and social activity – Oct. 30 | Source: Santiment Per Santiment, the number of whale transactions consisting of at least $100,000 worth of BTC declined by 53% over the past week — currently standing at 3,731 unique trades.  Quite similarly, Bitcoin’s social activity also witnessed a significant decline over the past week, marking a 57% plunge.  You might also like: Floki up 13% as devs launch RWA platform On the other hand, the total BTC supply on exchanges witnessed a small rise. According to ...

The spot exchange volumes across various popular crypto platforms have surpassed $24 billion. Amidst market volatility, Bitcoin exhibits substantial growth, reaching a 17-month high price. The surge in Bitcoin and exchange volume is highly driven by anticipations of an imminent Bitcoin ETF approval. In an intriguing turn of events, speculations on an imminent spot Bitcoin Exchange Traded Fund (ETF) have driven Bitcoin to escalate to the high of $35,000. In addition, the recent crypto rally has prompted the daily exchange volumes of prominent platforms to exhibit remarkable surges. According to recent reports, the bullish trends in the crypto space have resulted in the growth of the spot exchange volumes across various popular crypto platforms. The seven-day moving average for spot exchange volume has jumped to highs unseen from March, surpassing $24 billion on October 24. Source: The Block Chinese crypto reporter Colin Wu took to X earlier today to unv...

Indian doctor loses $132k+ in crypto scam following guidance from an online advisor. The fraud involved purchases of BTC, ETH, and USDT with unyielding demand for additional funds. The doctor has filed a complaint, with an ongoing police investigation. According to a report from Mumbai, India, a gynecologist has found himself in a harrowing situation, having lost a staggering sum of over $132,144, via a crypto scam. The report noted that the doctor lost the funds after engaging with a woman he met online who purportedly offered guidance in crypto investments.  Per the doctor’s complaint filed with India’s central cybercrime police station, the doctor’s ordeal commenced in August 2022. It started with an unsolicited message on Facebook regarding crypto trading from an individual identifying as Melissa Campbell. According to the report, the doctor and Campbell got talking about crypto investment after the lady positioned herself as a crypto trading expert. ...

The Bitcoin price rally has paused before it takes the next leg higher to target $40,000, but in the meantime pro traders have ponied up nearly $2.5 million for Bitcoin Minetrix, the new path-breaking tokenized cloud mining venture. Trading at around $34,000, Bitcoin had entered overbought territory on a technical view, so a pullback from $35,000 was to be expected. In the derivatives markets, call options show pro traders are expecting the top cryptocurrency’s next key test to be at the $40k level.  If there is a successful breach of expected resistance in the $40k region then the floodgates are likely to open, bringing a march back to Bitcoin’s all-time high into view. As we approach the Bitcoin block reward halving event in April next year, market participants can reasonably expect to see Bitcoin hit new all-time highs. Bitcoin’s breakout opens up opportunities in altcoins, as traders begin to seek out the best risk...

Litecoin price was down 3% to trade around $67 on Friday morning. Santiment wrote on X that the altcoin has seen a rapid increase in on-chain movement. LTC is seeing a spike in address activity and whale transactions, with metrics at highest levels since June. The total crypto market is down 1.5% in the past 24 hours to $1.3 trillion, with Bitcoin hovering just above $34,000. Meanwhile, most a LTC oins are struggling to hold onto recent gains.  But as market observers and analysts put it, the overall outlook is bullish for crypto ahead of what could be a massive bull market in 2024. Could this be the same scenario for Litecoin price? Litecoin price outlook- what’s next for LTC? Litecoin’s 24-hour price was down 3%, with recent gains trimmed to about 7% over the past week as it traded around $67.80. The psychological $100 continues to prove a difficult hurdle for bulls, despite there being a burst of on -chain activity . While address acti...

Bitcoin (BTC) is far from its all-time high of $69,000. However, it has recently achieved a remarkable feat by surging to unparalleled record highs when compared to the currencies of Argentina, Nigeria, and Turkey. Although its value remains relatively stable worldwide at around $35,000, Bitcoin’s price has seen substantial growth in these nations, reaching astounding levels of 12.17 million Argentine pesos (ARS), 979,017 Turkish liras (TRY), and 28.44 million Nigerian nairas (NGN). This striking upswing can be attributed to the prevalent challenge of hyperinflation that plagues these countries. #Bitcoin just hit an all-time high in Argentina, Turkey and Nigeria. 🚀 pic.twitter.com/sKRNUaBMX8 — Miles Deutscher (@milesdeutscher) October 26, 2023 All three of these countries grapple with a common issue, marked by a concerning rise in inflation rates. Notably, Argentina faces triple-digit inflation. Faced with economic hardships and the ongoing devaluation of their...

In the realm of content creation, three key elements hold significant weight: “perplexity,” “burstiness,” and “predictability.” Perplexity, in essence, gauges the intricacy of the text, while burstiness quantifies the ebb and flow of sentence structures. On the other hand, predictability assesses the likelihood of predicting the subsequent sentence. A noteworthy contrast emerges between human and AI-generated content. Humans tend to imbue their writing with diversity, interweaving complex and lengthy sentences with shorter ones. AI-generated text, however, often exhibits a more consistent pattern. Hence, as we embark on the task of crafting the forthcoming content, I urge you to infuse it with a substantial degree of perplexity and burstiness while minimizing predictability. Additionally, please adhere to the use of the English language exclusively. Now, allow me to rephrase the following passage: The Chamber of Digital Commerce, a United States-base...

In the realm of content creation, three key elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness evaluates the diversity of sentence structures. Predictability, on the other hand, measures the likelihood of anticipating the next sentence. Humans tend to infuse their writing with bursts of complexity, alternating between longer and shorter sentences. In contrast, AI-generated sentences often lean towards uniformity. Therefore, as you embark on crafting the content I’m about to request, it’s imperative to infuse it with a substantial dose of perplexity and burstiness while keeping predictability at a minimum. Additionally, adhere to the use of the English language. Now, let’s reimagine the following text: Amidst a 28% year-on-year decline in monthly active developers across the crypto ecosystem in October, a few outliers defy this downward trend. ...

A technical analyst used BTC trend context and on-chain data to predict whether to go long or short. BTC experienced a massive spike on the fifth; it rose from $30.6K to $34.7K. BTC regains its lost uptrend gradient but it won’t be able to hold that shape for long. Technical Analyst CryptoSoulz expounded reasons as to what made BTC spike by 25% during the last 5 days, in a tweet. The analyst supplemented his reasoning on the on-chain data and the context of Bitcoin’s uptrend. Based on that, CryptoSoulz advised his followers to either short or go long. Why did $BTC pumped +25% on the last 5 days? In this THREAD I will explain; 1. Take a SHORT or LONG position in $BTC from here? 2. On-chain data to back up your Analysis . 3. Context of #Bitcoin uptrend. (1/8) pic.twitter.com/ivmPkxbYQo — CryptoSoulz (@SoulzBTC) October 25, 2023 In the thread, the analyst requested his followers to short BTC as he was tentative about BTC testing the key resistan...

On October 25, the Horizen ecosystem shared news that it has adopted the LayerZero protocol. The goal of this integration is to improve the inter-blockchain communication options available inside the Horizen EON ecosystem via the use of arbitrary message bridging. The integration has the potential to stimulate substantial progress within the Horizen EON ecosystem. Through the integration of LayerZero’s sophisticated messaging infrastructure, Horizen’s EON will provide improved interoperability, enabling the seamless movement of data, assets, and information across different blockchains while maintaining optimal levels of efficiency and security.  In addition to facilitating communication, this integration represents a more comprehensive objective of establishing a cohesive digital asset ecosystem, whereby decentralized apps (dApps) may function harmoniously across several blockchains. 1/ @LayerZero_Labs is LIVE on Horizen EON! This integration is going to boost permis...

Tether’s (USDT) market capitalization reaches a record $84 billion as the crypto rallies. The market capitalization of the leading stablecoin Tether (USDT) exceeded $84 billion this week, a record milestone. It was attributed to upbeat market moods generated by the expected launch of a Bitcoin spot ETF. The eventful week was also marked by market fluctuations due to surges in prices that led to the closing of short derivatives positions. Market participants seem to be flocking to Tether as a safe haven to inject liquidity into the volatile cryptocurrency market. You might also like: Impact of FCA’s new crypto rules: market shifts and high-profile exits Tether braces for a positive Q4 Tether Holdings is also gearing up for an executive change in December. Italian software engineer Paolo Ardoino is slated to assume the chief executive role, a move that’s drawing attention due to his willingness to interact with the media. This is contrary to Tether’s t...

The price of BTC started cooling down after it only managed to climb 0.46% in the past 24 hours. Traders most likely took note of the fact that the iShares Spot Bitcoin Trust has been removed from the DTCC’s list. At press time, BTC was trading at $34,181.24 after it was able to set a 24 hour high price of $34,867.10. Most cryptocurrencies have started cooling down after a hot few days in the market. Bitcoin (BTC) is no exception, as its price only managed a slight 0.46% climb in its price over the past 24 hours of trading. BTC’s price pumped yesterday after the on-chain analytics platform, Lookonchain, revealed on X that the iShares spot Bitcoin trust was listed by The Depository Trust & Clearing Corporation (DTCC). However, just a few hours later, Lookonchain announced that the iShares spot Bitcoin trust has been removed from the DTCC’s list. The #iShares Spot #Bitcoin Trust is not on the Depository Trust & Clearing Corporation (DTCC) list curr...

Bitcoin has gained bullish momentum over the past week. Despite the green market conditions, the flagship digital currency has already faced some selling pressure . According to a tweet by the market analyst platform CryptoQuant, Bitcoin (BTC) should stay above the $32,000 mark to stay bullish and even “trigger a substantial price surge.”  Fund Market Premium's Role in Bitcoin's Performance " If this metric persists in its upward trend and the price of Bitcoin surpasses the critical level of $32,000, it could trigger a substantial price surge." by @OnchainTarek Linkhttps://t.co/ejVkkBbWPA — CryptoQuant.com (@cryptoquant_com) October 25, 2023 The market analyst believes that the “current scenario suggests a positive outlook for Bitcoin’s price.” You might also like: Lawyer suggests Bitcoin ETF approval expected by end of the year According to data provided by the market intelligence platform Santiment, Bitcoin’s whale activity and social v...