Features News Daily TheBitTimes.com

Also Read: Bitcoin Loose $27K Level; Coinbase Registers Mega BTC Whales Deposits advertisement Binance CZ  Opens Up On Layoff Rumors Independent Crypto reporter, Colin Wu stated that the world’s biggest crypto by trading volume is planning to lay off 20% of its employees next month. However, this development comes in after the crypto exchange earlier announced that it would not sack any of its workforce. Replying to this claim, the Binance chief mentioned that they have a “bottom out” program in the company. On the basis of this program, many employees who are not strong fits for the company are asked to leave. He added that several of the people are great performers but they do not fit into the company’s culture. However, CZ gave a small example of Work From Home (WFH) and stated that it is not for everyone. Read More Crypto News Here… Recommended Articles

Bull Bitcoin founder and maximalist Francis Pouliot endorsed research by Block21M on Tuesday, which accused a single entity of enjoying majority ownership of Bitcoin Ordinals. Within hours, the community debunked that research. Inscriptions are NFT-like pieces of data attached to subunits of bitcoin using Casey Rodarmor’s off-blockchain numbering system called Ordinal theory. Bitcoin users who opt-in to wallet software that support Ordinals can buy, sell, and transfer these NFTs. Inscriptions can store up to 4MB of data apiece on Bitcoin’s blockchain. Block21M’s research claims a single public key has produced the majority of all inscriptions. However, that key doesn’t own those inscriptions. Instead, the inscription-as-a-service website UniSat assisted in their creation.  UniSat has inscribed the vast majority of Ordinals since Rodarmor released his Ordinals software earlier this year. UniSat releases ownership after inscribors pay its fee. Therefore, according to independent re

Tether CTO Paolo Ardoino took to Twitter to announce on May 30 that Tether Energy will provide technology and capital to build renewable energy infrastructure and Bitcoin mining. advertisement #tether energy⚡ Providing tech and capital to build renewable energy infrastructure and #bitcoin mining. We're looking for talent. Join our new adventure ⤵️ https://t.co/pnJF2B50gw — Paolo Ardoino 🍐 (@paoloardoino) May 30, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read

XRP is currently looking to reclaim the $0.60 price level for the first time this year, but the asset would need to close above $0.55 to have a chance. XRP continues to put up a fight against the bears, sternly defending the $0.41 support level, and recently breaking above the $0.50 territory for the first time in a month. As XRP looks to hit its next target, Egrag, a skilled analyst, has disclosed that the asset needs to close above $0.55 for bullish continuation. In his latest analysis, Egrag emphasized that XRP is currently following the “Yellow Track” which is one of three pre-set directions he highlighted in a previous report. Notably, by taking this route, the asset is poised to hit higher highs on the daily time frame as it seeks to reclaim the Fibonacci point at 1.0 which sits around the $0.55 price. # XRP Fib Channel: 26th of May 2023 ( Find the link to the post: https://t.co/OqtwraMqsQ ) I stated three tracks. So far #XRP is following The Yellow Track which

It’s not the first time Do Kwon is represented by Dentons. He hired lawyers from Dentons many times for his legal defense to challenge subpoenas and lawsuits. advertisement Do Kwon Brings Dentons Law Firm to Defend Against US Lawsuit Terra co-founder Do Kwon currently facing a passport forgery case in Montenegro had his bail revoked by the court after prosecutors challenged the bail for house arrest due to flight risk and bail amount. Amid rising talks on his extradition, Do Kwon has hired Dentons law firm to represent him in lawsuits and investigations in the US, reported Digital Asset on May 29. Dentons ranks sixth in the 2023 ranking of global law firms and the world’s largest law firm in terms of lawyers. The US Securities and Exchange Commission sued Do Kwon and Terraform Labs in February on accusations of fraud and selling unregistered securities. In March, the U.S. District Attorney’s Office for the Southern District of New York indicted Do Kwon on

Upcoming  Binance Japan Launch In an effort to comply with regulatory guidelines, the Binance exchange is actively developing its local platform — Binance Japan — which is scheduled to launch in the summer of 2023. The dedicated platform aims to cater specifically to Japanese users, providing a compliant and user-friendly trading experience within the country. advertisement Read More: Expert Who Called 2008 Market Crash Predicts 60% Drop, Crypto To Crash As Well? In order to ensure a smooth changeover, the exchange will provide a migration link, allowing users in Japan to complete their identity verification (KYC) process. According to the official statement released, the link will be accessible from August 1 until November 30 and it’s crucial for users to complete the KYC procedure to comply with the new regulations. Japan’s Growing Regulatory Stance Japan has always been regarded as a pioneer in fostering crypto growth within the country. And, i

Shiba Inu has grown in popularity over the years. The meme coin has been working quite relentlessly on numerous projects and developments for its community, including Shibarium . The Shiba Inu team launched several projects in 2022, including the Shiba Eternity game and the SHIB metaverse. However, one of the most prominent and much-awaited launches was Shibarium . Even though it was initially set to be launched in 2022, it dragged on for various reasons.  Shibarium Puppynet was launched on March 11 and has already begun to make notable strides. According to the latest data, Puppynet has crossed 16 million wallet addresses. Source: Money Morning Shiba Inu: Shibarium Puppynet has processed over 12,516,740 transactions Since its launch on March 11, the Shiba Inu Shibarium testnet has successfully processed 12,517,860 transactions. Currently, there have been a total of 999,758 blocks, with an average block time of five seconds. According to the latest data from Pu

The Sell-side Risk Ratio nearing all-time lows often precedes significant market movements. Checkmate highlights growing exhaustion among Bitcoin market participants. The predictions of Bitcoin dropping to $10k due to the failure of the US debt ceiling  are considered unlikely. #Bitcoin Sell-side Risk ratio is approaching all-time lows. This indicates that investors are reluctant to spend coins which are in profit, or loss within the current price range. This usually occurs when sellers are exhausted on both sides, suggesting big moves are coming pic.twitter.com/wYNYiZ8uu3 — _Checkɱate ️️ (@_Checkmatey_) May 24, 2023   On Twitter, Checkmate, the lead on-chain analyst at Glassnode, shared insights into a growing sense of “exhaustion” among market participants. Notably, Checkmate highlighted the Sell-side Risk Ratio, rapidly approaching its lowest recorded level. This metric indicates that investors are hesitant to spend coins currently in profit or loss within the c

The BRICS alliance is going to get bigger and stronger as 24 new countries now prepare the join the bloc. The nations are looking to end reliance on the U.S. dollar and accept the new BRICS currency for cross-border transactions. The move adds pressure on the dollar and challenges its hegemony as the world’s reserve currency . Nonetheless, if BRICS expands to BRICS +, the dollar and other leading Western currencies like the Euro and Pound could decline. Also Read: After BRICS, 10 ASEAN Countries Ditch The U.S. Dollar Therefore, Western dominance could soon come to an end leading to a new financial order dominated by the East. Developing countries across Asia, Africa, and Latin America are coming together in pushing the de-dollarization efforts into reality. Also, the move could break the U.S. dollar’s global supremacy and destabilize the American economy. 25 Countries Prepare to Join BRICS Alliance Source: DIRCO/GovernmentZA) Two dozen countries are now preparing to

IoTeX , the ultra-fast, ultra-secure, and extremely scalable blockchain platform , has partnered with Alchemy Pay to launch an efficient solution for on and off-ramp services within the IoTeX ecosystem. Developers and dApps on IoTeX may smoothly integrate the on and off-ramp capabilities by leveraging Alchemy Pay’s plugin, allowing users from all over the world to purchase and sell cryptocurrencies using their preferred payment methods and local fiat currencies. Users will be able to directly purchase IoTeX’s native currency, $IOTX, with fiat on Alchemy Pay’s landing page as part of this collaboration. IoTeX, as a modular Web3 infrastructure platform , connects intelligent devices and real-world data to blockchains, with a vision of empowering individuals to own their data, devices, and identity in a connected world. This partnership between Alchemy Pay and IoTeX will further reinforce IoTeX’s overall strength, attract and onboard a larger base of global users. About IoTeX IoTeX is a

China-based suppliers of chemicals used solely to produce fentanyl are receiving tens of millions of dollars in cryptocurrency payments, fueling the ongoing fentanyl epidemic in the United States, according to a report by Elliptic. Research conducted by the analytics firm identified over 90 China-based chemical companies willing to supply fentanyl precursors who altogether had received $27 million in crypto payments — some were ready to sell fentanyl itself, despite China’s regulations banning the export of the deadly drug. In recent years, Mexican drug cartels have filled the void by manufacturing their own fentanyl using precursor chemicals imported from China. To disrupt the financial activities of fentanyl traffickers and their supply networks, the US government has increased its efforts to hold these criminals accountable. In April, the US Department of the Treasury sanctioned several individuals and businesses in China for supplying precursor chemicals to Mexican drug carte

The OpenAI-developed chatbot, ChatGPT, has undoubtedly become the leader in generative AI systems. Moreover, Dogecoin (DOGE) has been embraced as the most prominent meme coin in the industry. So, just what would ChatGPT think of a $1,000 investment in Dogecoin?  If you’ve ever been curious about what the chatbot would say about everything from the assets connection to Musk to our eventual investment decision, you’re at the right place. Subsequently, the generative AI system discussed the investment opportunity, and whether or not the game would be a good one.  A $1000 DOGE Investment Source: CryptoPotato Dogecoin is undoubtedly the leader in the meme coin industry. However, the market for meme coins has been defined by its increased volatility. Thus, there are many who steer clear of the asset due to the inherent risk of an investment in it.  So, just what would ChatGPT think of a $1,000 investment in Dogecoin (DOGE)? Well, there are two kinds of answers one can get fr