NFT News Today TheBittimes.com

Meme coins have evolved beyond their comedic beginnings into significant digital currency contenders with substantial investment potential. At the time of writing, the meme coin sector has surged to a market capitalization exceeding $65 billion, surpassing the combined values of both NFT and DeFi sectors. The fear of missing out (FOMO) among investors eager to capitalize on the meme coin rally fuels heightened activity and investment within this market. Below is the list of the top five meme coins that might 10x your money, including Pikamoon, Shiba Inu, Book of Meme, and two new tokens, Dogecoin20 and Slothana, currently in presale. Pikamoon (PIKA) Pikamoon is a promising altcoin poised to disrupt the world of blockchain gaming with its unique Features , innovative gameplay mechanics, and dedicated community. Having sold out its $6 million ICO, Pikamoon and its native $PIKA token aim to establish themselves as leading coins. Speculation surrounds its potential to reach the highl...

A cryptocurrency analyst has predicted a massive price surge for XRP , anticipating the cryptocurrency to witness a more than 600% increase. Despite its historically sluggish growth , XRP has begun to gather momentum, showing potential to experience major price growth during the 2024 bull run .  Price Projected To Soar Above $5 A crypto analyst identified as Egrag Crypto has taken to X (formerly Twitter) to predict an exponential price surge for XRP. According to Egrag Crypto XRP is “guaranteed” to experience a 600% to 1000% increase to new all-time highs around $5.5.  Related Reading: The Bulls Are Back: Spot Bitcoin Inflows Surge With New Records Basing his predictions on XRP’s historical data from 2017, the analyst shared a chart illustrating XRP’s price movements over the years. He delved into the cryptocurrency’s minimum and shortest price pumps observed when the 21 Exponential Moving Average (EMA) crosses the 55 Moving Average (MA). ...

Nilam Resources has published another press release attempting to clarify public concerns about the company. Their stock price increased (and then decreased) by over 1000% recently after they announced an acquisition which would supposedly result in them gaining 24,800 bitcoins, currently worth around $1.7 billion. Read more: Scoop: Nilam Resources CEO resigns day after 24,800- bitcoin announcement After days of silence from the holdings company, they have released a second statement, saying that Pranjali More would be taking over as CEO, that a recent caveat emptor designation from OTC Markets was not explained to them, and that the company with which Nilam Resources would be merging— Xyberdata — does indeed have the 24,800 bitcoin that are destined to be acquired. Nilam saw the price of its stock balloon from $0.02 to nearly $0.38 on Tuesday, and then subsequently plummet to $0.006 on Thursday after revelations from the former CEO were published by Protos. War of Words Thi...

The Bitcoin price printed a minor gain in the last 24 hours to trade at $70,453.71 as of 8:55 a.m. EST as investors begin to stock up on the largest crypto. That came as BlackRock CEO Larry Fink said he “is very bullish on the long-term viability of Bitcoin.”  The asset management giant’s Bitcoin ETF (exchange-traded fund) has amassed $13.5 billion in inflows in just the first 11 weeks of trading.  The Bitcoin Price Bounces Off Of Support 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price rebounded off of the $68,863.99 support level in the last 24 hours and attempted to break above the major resistance level at $71,641.54. Bears were able to defend the mark in the past 24 hours and are still exerting sell pressure on the leading crypto’s price. This is evident by the wicks present above the last two candles on the 4-hour chart. Nevertheless, buyers could still push BTC above $71,641.54 in the coming 24 hours due to the support o...

There are reports that the Hong Kong SFC is considering to approve Bitcoin ETFs in Q2 2024. VSFG and Value Partners have applied for approval to offer a spot Bitcoin ETF in Hong Kong. VSFG is targeting to launch the spot BTC ETF as early as May this year. Hong Kong’s financial landscape is set for a potential transformation as Venture Smart Financial Holdings Ltd (VSFG), a prominent asset management company, gears up to launch a spot Bitcoin exchange-traded fund (ETF) in the country as early as May. Collaborating with local firm Value Partners, VSFG has filed an application with the Hong Kong Securities and Futures Commission (SFC) to introduce this innovative investment product to the market. Hong Kong’s stand on Bitcoin ETFs Following regulatory considerations initiated in December 2023, Hong Kong regulators have been actively contemplating the approval of spot crypto ETFs within the region. Earlier, Bloomberg Senior ETF Analyst Eric Balchun...

Grand Cayman, Cayman Islands, March 27th, 2024, Chainwire Sui, the Layer 1 blockchain that offers industry-leading performance and infinite scaling, proudly announced a landmark collaboration with Revolut, a leading global fintech with over 40 million customers worldwide. The strategic partnership will bolster awareness and adoption of blockchain technology among Revolut’s expansive user base while opening new avenues for Sui’s growth, particularly across Europe. Revolut’s Learn program will serve as an invaluable tool for Sui to educate a relatively untapped global audience of future crypto users at scale about Sui’s underlying technology and rapidly ascending ecosystem. Through engaging educational content integrated into the program, Revolut’s users will have the opportunity to deepen their understanding of blockchain technology. “This landmark partnership with Revolut represents a significant milestone in the mission to br...

KuCoin suffered $780 million in net outflows, the most for an exchange since the FTX collapse, after the US Department of Justice (DOJ) charged it and two founders with violating anti-money laundering laws.  “In failing to implement even basic anti-money laundering policies, the defendants allowed KuCoin to operate in the shadows of the financial markets and be used as a haven for illicit money laundering,” US attorney Damian Williams said in a Mar. 26  statement. The failure to implement anti-money laundering controls had led to $9 billion in suspicious or criminal funds being received or sent by the exchange, the world’s seventh-largest, the DoJ said. The exchange was also accused of operating illegally in the US and of concealing some records of American customers. KuCoin Responds To The DoJ Allegations KuCoin CEO Johnny Lyu responded to the allegations in a Mar. 27 X post, attributing the charges to “typical growth and regulatory issues” ...

The U.S. Securities and Exchange Commission (SEC) has asked a New York federal judge to impose a $1.95 billion fine on Ripple Labs in the final judgement of its ongoing legal battle with the crypto payments firm. The SEC accuses Ripple Labs of selling $1.3 billion in unregistered securities through the sale of XRP tokens to both retail and institutional investors.  The request for a hefty fine is part of documents under seal until Mar. 26, said Ripple Labs’ chief legal officer Stuart Alderoty in a Mar. 25 post on X. Ripple Labs’ response will be filed next month, he added. Ripple Labs Execs Attack The SEC For Its Latest Filing In its proposal, the SEC has asked the court to order Ripple Labs to pay $198 million in prejudgment interest, $876 million in disgorgement, and an $876 million civil penalty.  Alderoty criticized the SEC on X, calling the SEC “a regulator that trades in statements that are false, mischaracterized and designed to mislead,...

Crypto investment products have finally registered a week of outflows after seven weeks of consecutive strong inflows and two weeks of breaking records after records. In fact, data has shown that these investment products have now set a new record for the most outflows in a week, extending the run of record creation. According to data from CoinShares , investors pulled out $942 million from crypto investment products last week to wipe $10 billion off total assets under management (AuM). Interestingly, a larger part of this outflow came from Bitcoin, as Spot Bitcoin ETFs in the US registered outflows every day.  Crypto Outflows Reach New Record High CoinShares’ weekly report on digital investment funds has revealed crypto investment products have been witnessing an influx of money for the past two months . Consequently, these products registered a seven-week run of inflows totaling $12.3 billion. Bitcoin, the largest cryptocurrency, received most of...

Investors are constantly on the lookout for the next cryptocurrency opportunity. With numerous digital assets vying for attention, it can be challenging to identify the coins with the most promising prospects. In this article, we’ll explore three cryptocurrencies that have the potential to deliver 5X profits in April: NEAR Protocol (NEAR), Shiba Inu (SHIB), and Stacks (STX). These projects have demonstrated impressive performance in recent weeks and possess unique features and use cases that could propel them to new heights in the coming month.   NEAR Protocol (NEAR) Source – The Coin Republic NEAR Protocol (NEAR) has emerged as a strong contender in the blockchain space, offering a scalable and developer-friendly platform for decentralized applications (dApps). With its unique sharding technology and proof-of-stake consensus mechanism, NEAR aims to address the scalability and usability challenges faced by other blockchain networks. Over the past 24 h...

Bitcoin’s Lightning Network was supposed to be the key to scaling Bitcoin adoption globally. Its proponents touted cheaper and faster transactions plus an emergent social graph for a new Bitcoin economy. Seemingly magical demonstrations by influencers like Jack Mallers heralded a fulfillment of Bitcoin ’s promise of peer-to-peer electronic cash. With transaction fees so cheap and transactions so instantaneous, Bitcoin ers started buying coffee and groceries over the Lightning Network. The idea was simple: sign a simple smart contract and transact endlessly via ‘bar tab’-type paper contracts, rather than paying an on-chain transaction fee every time. Unfortunately, Lightning usage started to stall in late 2023 and since then, several long-time Lightning believers have renounced their faith. In short, critics believe that the Lightning Network is slowly dying . Dwindling bitcoin capacity The amount of bitcoin that a user of the Lightning Network can access by joining...

A handful of developing countries in Asia, Africa, and Eastern Europe are looking to join the BRICS alliance in 2024. South African Foreign Minister Naledi Pandor confirmed recently that around 36 countries have formally applied to join BRICS this year. Amid the joining frenzy, another country has thrown its hat in the ring in the hopes of joining the alliance. The development indicates that the bloc is becoming powerful in its agenda to de-dollarize the world and promote local currencies. Also Read: 36 Countries Apply To Join BRICS Alliance in 2024 BRICS: New Country Shows Interest To Join Alliance Source: stratnewsglobal.com The latest and new country to express its interest in joining the BRICS alliance is the African nation Cameroon. Russian Ambassador Georgy Todua confirmed that Cameroon has expressed its interest in being a part of the bloc in 2024. Cameroon is on the Gulf of Guinea and is a Central African country with varied terrain and wildlife. Also Read: BRICS ...

March 2024 was a truly roller-coaster month for crypto enthusiasts. Bitcoin hit an all-time high above $73,500, spurred by new ETFs and the coming halving, but then sharply dropped below $62,000 due to heavy profit-taking. Now, as Bitcoin wavers around $65,000, struggling to reclaim its previous gains, the community buzzes with uncertainty. Analysts are split in their opinions, so investors and traders keep guessing if the crypto king will rise or fall in this market cycle and how its next move will affect the broader crypto sector. In such a vulnerable atmosphere, it can be a wise move to shift your focus to low-priced tokens. Although they can barely compete with Bitcoin in terms of market capitalization, they are equally exciting as entry points into the realm of crypto investment and can turn your modest allocation into solid capital within a relatively short period of time. Some tokens have already excelled in a volatile March, not only ending the month in the green but also s...