NFT News Today TheBittimes.com

As the crypto market experiences a recent dip, some tokens are struggling to regain their previous positions, while others are emerging as potential contenders for investment. SushiSwap (SUSHI), a major player in the GameFi space, is one such token that has yet to recover. In the meantime, Pikamoon (PIKA) is attracting significant attention during its ongoing presale, with investors keen to jump on board early. This article explores the potential reasons behind SushiSwap’s decline and examines why Pikamoon may be the next big opportunity for investors, with the potential to deliver up to 50x returns. SushiSwap Plummets as the Bears Rage On SushiSwap (SUSHI) is the poster boy for the crypto industry’s Automated Market Maker (AMM) segment, PR esenting a favoured tool amongst numerous crypto users, including SushiSwap (SUSHI) users. By leveraging AMMs, and smart contract-powered DEXes, crypto investors get a market for any token pairs they PR efer. Launched in Sep...

Indonesia Sets Sights On Bitcoin Adoption Notably, preparations are underway to establish a trading exchange dedicated to Bitcoin within the country. This move aligns with the increasing trend of the new generation acquiring Bitcoin as a reserve currency. With aspirations of becoming a “Bitcoin heaven”, Governor Kamil aims for Indonesia to surpass other nations in adopting the transformative technology. advertisement While speaking about Bitcoin ’s growing dominance, the 51-year-old politician was quoted as saying: The first [country] to adopt Bitcoin in a meaningful way will have a big advantage. Governor Kamil revealed that Indonesia has already made significant strides toward cryptocurrency adoption, with over 12 million crypto investors in the country. Remarkably, 70% of these investors have chosen Bitcoin as their preferred digital asset, and this number continues to grow by half a million annually. Recommended Articl...

Pepperdine University professor Beau Brannan believes that NFTs could allow verification for individual courses and give more insight into college degrees. The rise of fake credentials and teachers being undervalued and underpaid are some of the recurring problems that the education sector continues to face. Cointelegraph went on a mission to see if nonfungible tokens (NFT) can provide a solution to these headaches found in the education sector.  One of the pressing issues in education is fake credentials . On May 18, the Washington Post reported that there are about 2,800 people who purchased their credentials without attending the proper classes. They were able to pass the National Council Licensure Examination in the United States. Authorities are now trying to find these people. About 2,800 people who bought credentials without attending classes from three unaccredited schools passed the National Council Licensure Examination and presumably have used that shortcut to find work ...

The Aave price prediction shows that AAVE could be ready for the uptrend, and it may fundamentally break above the 21-day moving averages. Aave Prediction Statistics Data: Aave price now – $66 Aave market cap – $950.3 million Aave circulating supply – 14.3 million Aave total supply – 16 million Aave Coinmarketcap ranking – #48 AAVE/USD Market Key Levels: Resistance levels: $85, $90, $95 Support levels: $50, $45, $40 AAVEUSD – Daily Chart AAVE/USD is likely to cross above the 21-day moving average to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run back above $67 if the market price moves toward the upper boundary of the channel. Meanwhile, any positive break above the 21-day MA is the first signal needed for the buyers to press higher. Nevertheless, AAVE/USD has to break to the upside before hitting the $70 resistance level. Aave Price Prediction: Aave (AAVE) Trades Positively The Aave p...

On Thursday, May 18, Binance Australia announced that the exchange is not able to facilitate fiat deposits. It attributed the service suspension to a “decision” made by its third-party payment service provider. Specifically, its local settlement provider has ceased support for the exchange. Chalking out other implications of the halt, the announcement noted, “ We understand from our third-party payment service provider that Bank Transfer withdrawals will also be impacted and we will advise users on timeline when this is confirmed. “ Binance clarified that its team is “working hard to find an alternative provider.” This is being carried out to help the exchange resume offering AUD deposits and withdrawals to users. Fellow Binancians, We regret to inform you that with immediate effect we are unable to facilitate PayID AUD deposits for Binance users due to a decision made by our third party payment service provider. We understand from our third party payment service provid...

Cardano’s native cryptocurrency, ADA, is primed for a significant bull run, says Dan Gambardello, founder at Crypto Capital Ventures. In a video Analysis uploaded on YouTube, Gambardello revealed that with an impressive total value locked (TVL), ADA has the potential to recover its losses from its all-time high (ATH) and climb even higher. Data from TradingView shows that ADA reached an ATH of $3.09 on August 30, 2021. Since then, the price has dropped, and Cardano’s native coin has lost nearly 90% of its ATH value. As of the time of writing, ADA’s price stood at $0.36, having traded between $0.24 and $0.46 since the beginning of 2023. According to Gambardello, the protracted sideways movement after a significant downtrend is one of the pointers toward ADA’s next direction. He sees the current price behavior of ADA as a sign that the downtrend has reached exhaustion and a reversal is imminent. Gambardello backed his prediction by comparing Cardano’s TV...

A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in inter national trade and as a reserve currency has been declining. “Other currencies have been getting more important in inter national transactions and as reserve currencies,” he stressed. Economist Highlights Rising De-Dollarization Trend Canadian economist James Brander shared his thoughts on the worldwide de-dollarization trend and the waning influence of the U.S. dollar last week. Brander is an Asia Pacific professor in the Strategy and Business Economics Division of the University of British Columbia. He explained that the U.S. dollar’s dominance in the global market is declining as a growing number of countries are opting to conduct their inter national transactions using local currencies instead of relying on the USD, Press TV reported. While noting that the U.S. dollar is “the major reserve currency” and “over half of all inter national currency ...

Join Our Telegram channel to stay up to date on breaking news coverage The Securities and Exchange Commission (SEC) has filed a response to Coinbase’s recent lawsuit for new digital asset regulations. The SEC has argued that Coinbase lacks standing to sue and that it is not obligated to issue new regulations. According to the SEC, the cryptocurrency exchange had not demonstrated the need for the agency to develop a new regulatory framework for the digital asset market. The SEC has asked the court to dismiss Coinbase’s petition, stating that the crypto exchange has not provided sufficient evidence to demonstrate the need for a new regulatory framework for the digital asset industry. The commission also clarified that it has yet to make a decision on Coinbase’s petition and is still considering the filing. Coinbase originally submitted its petition to the SEC in July 2022, requesting guidance on digital assets. Last month, the company filed a Mandamus petition...

Professional Bitcoin traders displayed strength after the BTC price corrected to $25,830, favoring further bullish momentum. Bitcoin’s (BTC) price declined for 8 consecutive days until May 13, totaling a 9.4% correction. The last time such a losing streak happen ed was on June 14, 2022, after the Celsius lending platform halted withdrawals and FUD emerged from U.S. software firm MicroStrategy’s loan being liquidated at $21,000. Nothing remotely similar happen ed as Bitcoin retested the $25,800 support on May 12, apart from the network congestion and increased transaction fees. Traders and analysts speculated that a coordinated attack was aimed at causing network instability. Bitcoin is under DoS attack. High transaction fees are the chosen pain point by the attacker, probably to makes bitcoin unusable for smaller players. pic.twitter.com/0J56liNSGf — iris.to/jogi (@proofofjogi) May 7, 2023 As pointed out by investor and Bitcoin activist proofofjogi, high fees likely make the ne...

A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk, a representative in the South Korean National Assembly, announced he will leave his political faction amid a growing scandal surrounding his alleged cryptocurrency dealings. In a Facebook post on Sunday, he wrote: Today, I am briefly leaving the Democratic Party that I love. I decided that it would not be right to be a burden to the party and party members any longer. Kim came under intense scrutiny after revelations that he owned around 800,000 Wemix coins in 2021, Yonhap reported. At the time, the digital assets were worth around 6 billion won ($4.5 million), “a significant amount inconsistent with his fr...

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum block chain recently experienced technical difficulties resulting in interruptions to block finalization, leading to concerns about the network’s security. These issues occurred for the second time within 24 hours, raising doubts about Ethereum’s stability and reliability. Developers and experts are actively investigating the cause to determine whether it stems from a flaw in the protocol design or a bug. While on-chain activities were not directly affected by the lack of finality, some services had to adjust their operations. Ethereum’s network remains functional, and steps are being taken to improve its stability and performance to regain the trust of builders and users alike. Technical Issues Hinder Ethereum’s Block Finalization – Transactions Pending! The Ethereum block chain faced a technical problem on Friday, leading to a disruption in the finalization of...

The renowned crypto trader and analyst Michael van de Poppe uploaded his latest Analysis for the altcoin market yesterday. In the video, he shared when he believes it might be a good time to accumulate altcoins given that there has been a lack of correlation between altcoins and Bitcoin (BTC) in this bear market. Although many altcoins have underperformed over the past few months, van de Poppe did highlight the standout performances seen by Pepe (PEPE), Arbitrum (ARB), and Injective (INJ) in the past few weeks. He also predicted that Sui (SUI) may present some interesting trade opportunities in the near future. According to the trader, BTC’s market dominance may climb to the next resistance level at around 52.7% before dropping again. To achieve this, he added that BTC will need to break $30,000 first, which will then serve as BTC’s latest high before the next network halving event. With the halving about a year away, van de Poppe believes that accumulating altcoins no...

Shiba Inu’s burn rate plummeted this month with less than 1.5 million tokens being sent to the dead wallet every day. Its price is dropping in the indices after adding an extra ‘zero’ early this month. Its value is hovering around the $0.00000890 mark and could head south further as it failed to attract buying pressure. The dip is making investors stay away from SHIB and look at newer options like Pepe Coin, among others. Nonetheless, even Pepe Coin crashed this week and is down 63% from its all-time high of $0.00000431. Also Read: Shiba Inu: You Can Now Become a SHIB Billionaire With Only $10,000 SHIB/USD Chart by TradingView However, even if Shiba Inu’s burning mechanism increases and removes 1 billion tokens every day, it still has a long way to reach the top. In this article, we will highlight how many years it could take to remove 99% of SHIB’s circulating supply if 1 billion tokens are burned every day. Shiba Inu: How Many Years Will It Take to Remove 99% Supply If...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin Price witnessed a steep drop yesterday because of FUD – Fear, Uncertainty, and Doubt – as a result of news circling around the crypto space that the US government has moved some of its BTC funds. However, it has been proven to be a mistake, and the original tweet has been deleted. Fake FUD Causes Massive Drops in Bitcoin Price The Bitcoin price was trading around the $28k mark last night at around 10:35 PM when the Twitter user Beetle came out with a tweet stating that the US government’s Bitcoin wallets are on the move. He posted the transaction addresses to accompany his tweets to add legitimacy to his views. The tweet quickly spread across the crypto space like wildfire leading to massive sell-offs. This pushed the BTC price close to $26k before bouncing. The mistake in the sweet was pointed out by two Twitter users, ZachXBT and Zaheer. It was. It was Zaheer (Official Twit...