NFT News Today TheBittimes.com

Bitcoin’s (BTC) price , is quite bearish today and is still below the $30,000 threshold at $26,078.28,  and down by around 4.28% in the last day. Other well-known altcoins, Cardano (ADA), Solana (SOL), and Polkadot (DOT) experienced losses on the other side of the border. advertisement Ethereum is trading at $1,652.33,  with almost 3% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a loss of 3.28%. Solana also faced losses, with its price decreasing by 3.86%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again down by 4.54%  since the last day.   Polkadot coin price saw a decrease of almost 4.67% in one day.  The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed a decrease of around 2.41%, while Shiba Inu’s token price is down by almost 4.37%, in the last 24 hours. The Crypto...

The Shiba Inu Listing Schedule Taking to its official account on the X platform, the OkCoinJapan platform said the DAI SHIB tokens trading on the platform will support the Polygon variant as of September 7. The announcement comes on the heels of the recent relaunch of Shibarium, a Layer-2 scaling solution that is regarded as a major gateway and pivot for the Shiba Inu protocol. advertisement That OkCoinJapan is doubling down on its support for the Shiba Inu memecoin is a testament to the latter’s determination to permeate the length and breadth of the Web3.0 ecosystem, carving out access among users irrespective of their geographical location. As an exchange with deep liquidity, OkCoinJapan will make it easy for both retail and institutional investors to gain access to DAI and SHIB through the other defined products that are largely supported by the trading platform. Japan and the broader Asian region are pivotal to the growth and evolution of the...

Creditcoin partners with SubWallet to bridge real-world assets to Web3. Creditcoin is excited to announce a major partnership with SubWallet, with both parties joining forces on a mission to onboard more users into the world of real-world assets (RWAs). As most crypto enthusiasts know all too well, poor user interfaces remain one of the biggest obstacles to mainstream adoption. This partners hip is set to take DeFi one step closer to mainstream RWA adoption. Collaborating closely with financial institutions across emerging markets, the Creditcoin network has been working since 2019 to onboard businesses, financial institutions, and more. By simplifying RWA integration with the wider blockchain ecosystem, the protocol is connecting real-world companies directly to DeFi. Its financial partners already utilize the Creditcoin network to record and secure their customers’ loan transactions on-chain. In turn, allows those customers to build their credit reputations on a decentralized publi...

India’s Enforcement Directorate is currently investigating crypto-related fraud. Companies’ money laundering technique involves investing in Dubai’s real estate market using crypto. The illegal money is sent back to India through remittances. A major crypto-related fraud is currently being investigated by the Enforcement Directorate of India. As reported in local news, the ED has found five companies that are involved in money laundering between Dubai and India. The aforementioned companies have used crypto to invest in Dubai’s real e state market; the investment is then transferred to the Indian market via remittances. According to ED sources, one of the companies involved is Zanmi Labs LTD, also known as WazirX. In India, the company operates a trading platform that allows people to buy, sell, and trade crypto. Those companies used to launder money by investing in properties in India in exchange for gold, but now they are turning to crypto as ...

The cryptocurrency markets remain on a correction spree as leading assets struggle to climb up the indices. However, Bitcoin climbed above the $27,000 mark on Wednesday after the US Court potentially paved the way for the first spot Bitcoin ETF approval. So will September be a good month for the cryptocurrency markets, and can it deliver profits? In this article, we will highlight two cryptocurrencies to watch out for in September 2023. Also Read: Dogecoin to Spike as Elon Musk’s X Will Adopt Cryptocurrency Payments? Cryptocurrency: Two Tokens To Watch Out in September 2023 Dogecoin Source: Watcher Guru Elon Musk’s X (formally Twitter) has received licenses to operate cryptocurrency payments and trading. Seven states in the U.S. granted licenses, and the platform will soon begin enabling cryptocurrency transactions for users. The states that have provided licenses are Arizona, Missouri, Georgia, Maryland, Michigan, New Hampshire, and now Rhode Island. Therefore,...

Wall Street saw a $5.5 trillion market dip in August, while crypto currencies faced significant losses , challenging investor optimism. According to Bloomberg, August dealt Wall Street a bruising blow as the markets faced a challenging landscape—underscored by hawkish signals from global central banks that unnerved investors, catalyzing a drastic $5.5 trillion depletion in global stock valuations.  The repercussions were felt more sharply in the crypto industry. Digital assets, which had been poised for a revival in investor sentiment following industry-wide uncertainties post-FTX, instead found themselves mired in a deteriorating situation. Bitcoin lost 5% of its value during the month after a strong July. But the damage was heavier for crypto products in the ETF space. Specifically, Global X Blockchain ETF (BKCH) and Valkyrie Bitcoin Miners ETF plummeted approximately 33% within the month, exemplifying the significant drawdown experienced by crypto -focused investment vehicles. ...

The Securities and Exchange Commission’s recent charges against entertainment firm Impact Theory for an illegal $30 million NFT sale have sent shockwaves across the crypto industry. This marks the SEC’s first enforcement action involving non-fungible tokens. Many industry observers argue the SEC’s rationale that Impact Theory’s “Founder’s Key” NFTs constituted unregistered sec urities could apply to numerous other NFT projects. Critics warn that the precedent threatens to stifle innovation. Also read: SEC’s First-Ever NFT Enforcement Targets Impact Theory SEC commissioners show their disagreement SEC commissioners Hester Peirce and Mark Uyeda dissented, arguing the evidence was insufficient to definitively deem the NFTs as sec urities. However, the commission maintains it will continue policing unlawful crypto offerings. The SEC filed and settled its first NFT enforcement action today: https://t.co/RwaMGueBZK Here's Co...

The world of NFT financialization is still uncharted territory, and NFT pricing discoveries will be closely linking to the success of lending and borrowing markets like Unlockd. Upshot provides deep insight into NFT markets : their Machine Learning models ingest historical sales data and NFT metadata to construct features based on this information to generate accurate, reliable asset pricing. They validate the predictions by examining their accuracy on data not used in the training process and obtain error bounds by comparing their predictions to realized sale prices. Both the predicted pricings and error bounds provide key information to the Unlockd protocol systems. They are building an NFT-backed lending and borrowing solution on top of the NFT economy. Unlockd x Upshot: the first algorithmic component of its appraisal Unlockd will integrate the Upshot solution into the  appraisal process of an asset  at the time an NFT-backed loan is requested. It will also be integrated int...

Bored Ape Yacht Club ( BAYC ) is without a doubt one of the most popular and expensive NFT (non-fungible token) projects in the market. Collectors include A-list celebrities, such as Eminem, Snoop Dogg, Justin Beiber, etc. Nonetheless, the project has faced allegations of having racist and anti-semitic symbology embedded in them. The latest individual to speak out against the Bored Ape collection is former NFT athlete Tony Robinson. Robinson claims to have invested over $300,000 into BAYC NFTs. He claimed that he had no idea about the alleged hidden symbology. Robinson stated that he will not support the collection until he hears from the founders. I was unaware of all the racial and offensive things in the collection I spent $300,000 and had no clue and until I hear from the founders I won’t be supporting any more. https://t.co/KVsrzXo4fd — Tony “The Closer” Robinson (@tonythecloser_) October 1, 2022 If you are a major company and you are of...

AlturaNFT has rebranded to Altura, effective from 5th November 2022. The rebranding of the Altura project is necessary to properly identify the goals of Altura and to define the user base and market segment we are capturing.  Altura is not a dedicated NFT project, NFTs are only one piece of the larger picture – so the team has decided on Altura as the new name of the project.  Furthermore, Altura aims to simplify the integration of web3 blockchain services for game developers and provide real-world value to the players – Altura is a logical fit and necessary change that more easily identifies the project’s mission.   Altura’s mission To provide the infrastructure for the decentralized future of gaming To give game developers the tools to integrate their games into the web3 future Provide real-world value to their players for in-game experience Anyway, let’s find out what is Altura and how this platform works. We will dive deep into what this platform can offer to the ...

Conflux, Stacks, Fetch.ai, ImmutableX, and Tezos have been listed as the top 5 NFTs and Collectibles platforms by Alt Rank. The LunarCrush-powered rating platform, Alt Rank combines the actual altcoin price performance of the platforms, relative to BTC and social activity indicators to rank cryptocurrencies. Top 5 #NFTs & Collectibles by Alt Rank: March 15th Alt Rank is a measurement by @LunarCrush that combines actual altcoin price performance relative to #BTC and social activity indicators.@Conflux_Network $CFX @Stacks $STX @Fetch_ai $FET @IMXnftdrops $IMX @tezos $XTZ pic.twitter.com/PfKlCTLkx2 — Ben GCrypto (@GCryptoBen) March 15, 2023 The ranking details on Alt Rank provided information about the 24-hour price change of the native cryptocurrencies of the listed projects. It also published their market capitalization and daily trading volume while providing information about the prime exchanges where they are listed. Conflux (CFX) The Conflux native cr...

Crypto exchange HashKey Group is set to debut Bitcoin (BTC) and Ethereum (ETH) trading services for its Hong Kong customers on Aug. 28. In an interview with local media, HashKey chief operating officer Weng Xiaoqi announced that its exchange business will start offering retail trading services for crypto. The firm had applied for a license in July and received approval earlier this month. #HashKey to start #crypto retail trading service in #HongKong next Monday$PEPE#PlaySamsungSSD#LockHimUp#TrumpMugShot#FIBAWC pic.twitter.com/49e2U2YPak — Bitcoin News (@BitcoinNew42759) August 25, 2023 According to Weng, HashKey chose to start with BTC and ETH since they have the largest circulation and the lowest risk. He also added that HashKey was considering providing margin and derivative products in the event it receives approval from Hong Kong’s Securities and Futures Commission (SFC). The exchange is also reportedly in conversation with several major Hong Kong banks to facilitate ...

The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case. Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security.  In a motion filed on July 25 and heard before the United States Bankruptcy Court Southern District New York on Aug. 14, investor Otis Davis asked the court to create a legal class for investors to be considered separate from Celsius Network employees and customers. Davis also requested that the court sanction the legal team representing the Unsecured Creditors Committee (UCC) over alleged failure to disclose required information. The filing further asked the court to declare CEL “not a security” in light of the recent findings in the SEC vs Ripple where, according to Davis, Judge Analisa Torres determined that XRP was not a security. R...

Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July. Global payment giant Mastercard is reportedly ending its crypto currency card partnership with Binance crypto exchange next month, according to a Bloomberg report. The report didn't divulge the reason for the change, but implied it might be due to increased regulatory scrutiny of the beleaguered crypto exchange. Mastercard and Binance will end their four crypto card programmes in Argentina, Brazil, Colombia starting Sept. 22, Bloomberg reported on Aug. 24. The decision to end the program will not impact any of Mastercard's other crypto card programmes, the firm reportedly said. The wind-down period will allow cardholders to convert any holdings in their Binance wallets, it added. The Mastercard and Binance’s prepaid crypto card allows users to make payments in local fiat currencies, funded by their crypto holdings on the exchange. The end of the collaboration comes...

Police in Ukraine are being taught by EU security experts how to tackle the rising threat of crypto crime in the country.  The training offered by the European Union Advisory Mission (EUAM) provides intelligence officers from Lviv the tools and know-how to track the flow of crypto assets, identify participants of transactions, and improve their investigative methods. As part of the training announcement, the Ukrainian Bureau of Economic Security (BEB) also detailed how the country has lost UAH 3 billion ($81 million) in taxes over the past 10 years through unregulated crypto exchanges.  “Currently, Ukraine lacks an appropriate regulatory framework , crypto exchanges are not regulated, and relevant regulations on the specifics of taxation of transactions with virtual assets have not been adopted,” (via BEB).  Members of the Security Service of Ukraine, the National Police, and the Prosecutor’s Office, amongst other official departments and international experts at the seminar,...