Bitcoin News Today TheBitTimes.com

The popularity of meme coins, coupled with the potential for rapid returns, has made them a preferred investment option among investors. The dynamic interplay between social media trends, online communities, and market speculation has contributed to the ongoing popularity of meme coins. Investors are drawn not only to the cultural phenomena surrounding these digital assets but also the potential to turn many into millionaires. This article will highlight the top meme coins to buy now, analyzing their trajectories amidst crypto market volatility and future price potential. Meme Kombat (MK) Meme Kombat provides investors with an attractive opportunity to gain significant rewards as a new token that combines the growth potential of meme coins with stake-to-earn functionality. It employs artificial intelligence and blockchain technology to establish a battle arena where users can engage in wagers. Alongside token rewards, players also have opportunities to earn prizes through player v...

In an alarming development for the cryptocurrency community, Ripple, has reportedly fallen victim to a significant security breach. According to the pseudonymous crypto digital detective,  ZachXBT  who has exposed several bad actors and scams, Ripple was hacked for approximately 213 million XRP, translating to a loss of $112.5 million . The revelation, made on January 31, 2024, has sent shockwaves throughout the industry, raising concerns over the security measures in place at major cryptocurrency entities. The source address implicated in the hack, identified as rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm, appears to be the starting point of the illicit activity. From there, the stolen funds have been methodically laundered through a series of cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, and others. It appears @Ripple was hacked for ~213M XRP ($112.5M) Source address rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm So far the stolen funds have been lau...

In the vibrant world of Crypto currency, Justin Sun , the Tron blockchain founder, has made a buzzworthy move by securing a whopping 656.4 billion Shiba Inu tokens in his wallet. Meanwhile, Gala and Borroe Finance , two rising stars in the blockchain universe, are gearing up for anticipated sharp price increases. >>BUY $ROE TOKENS NOW<< Justin Sun’s Massive Shiba Inu Haul Justin Sun‘s appetite for Shiba Inu tokens is turning heads in the crypto community. After his recent withdrawal of 656.4 billion SHIB tokens from Binance, it’s clear that he sees significant potential in this altcoin. Initially brushed off as a meme coin, Shiba Inu has gained traction and respect in the Crypto market. Sun’s massive investment in SHIB tokens not only showcases his confidence in its potential but also signals a broader market interest in altcoins beyond the usual heavyweights. Gala Games: The Next Big Thing in NFT Gaming Gala Games, a plat...

In the Binance survey, 73% of Binance users are optimistic about crypto’s future, indicating strong continental faith in digital currencies. Over half of European Binance users prioritize crypto over traditional finance, showcasing a significant shift towards digital currency investments. 55% use crypto for daily purchases, reflecting growing mainstream acceptance and integration of digital currencies in everyday life. The cryptocurrency sphere is abuzz with a fresh wave of optimism in Europe, unveiled by a recent Binance survey. This study, canvassing France, Italy, Spain, and Sweden, shows a remarkable 73% of Binance users are bullish about the future of cryptocurrencies. This buoyant mood signals a robust faith and burgeoning acceptance of the crypto realm throughout the continent. Interestingly, the survey reveals that a majority, 55%, exclusively deal with cryptocurrencies, marking a significant pivot from traditional financial dealings to digital c...

Crypto-focused investment funds saw outflows of $500 million last week as signs emerged that outflows from Grayscale’s spot Bitcoin ETF (exchange-traded fund) are easing, CoinShares said. “The outflows in Grayscale aren’t pretty but it looks like they are beginning to subside,” said head of research James Butterfill in an X post on Jan. 28. The outflows in Grayscale aren't pretty but it looks like they are beginning to subside. pic.twitter.com/IZXHZWbiKG — James Butterfill (@jbutterfill) January 28, 2024 Grayscale’s Converted Bitcoin ETF Loses $2.2 Billion Grayscale lost $2.2 billion in outflows last week but the daily total reduced as the week progressed, Butterfill said. Grayscale’s newly-converted Bitcoin fund (GBTC) has seen outflows that surpassed $5 billion since Jan. 11, he added. Newly-Launched Funds Helped Offset Grayscale Losses GBTC’s substantial outflows last week overshadowed the $1.8 billion in net inflows recorded b...

Maker Protocol tops the list in terms of revenue generated over the past month as Total Value Locked in the protocol witnesses swell. According to data provided by Defi Llama, Maker Protocol generated $14.22 million in revenue — also collected the same amount in fees — in the past 30 days. However, The DAI stablecoin generator’s TVL witnessed a 6.3% decline in the same timeframe, falling to $7.98 billion. Defi protocols’ revenue – Jan. 30 | Source: Defi Llama The leading defi protocol, Lido Finance, with a $21.8 billion TVL, accumulated $71.11 million in fees, per the data aggregator. The liquid staking protocol generated $7.11 million in revenue , 50% less than the Maker Protocol.  Moreover, the decentralized wallet platform, MetaMask, comes third with $6.37 million generated in revenue and fees over the past month. Interestingly, the amount of MetaMask’s monthly average fees over the past year is $60.31 million, showing an 89.5% plunge in January.  ...

In what could be a landmark moment, Harvest Fund Management has filed the first spot Bitcoin ETF application in Hong Kong . Indeed, the Chinese asset management firm’s Hong Kong arm has filed with the local regulator according to a brand new Tencent news report. The report notes that the application was filed with the Securities and Futures Commission (SFC). Moreover, Harvest has stated its expectations that the launch of what would be the first ETF of its kind in Hong Kong would arrive after the Lunar New Year Holiday. Specifically, that would mean it would arrive after February 10th of this year. Source: PayBito Also Read: Hong Kong Regulators to Accept Spot Crypto ETF Applications Hong Kong Gets Inagural Spot Bitcoin ETF Application The landscape of the digital asset industry in the United States shifted greatly at the start of 2024. Indeed, the countries US Securities and Exchange Commission (SEC) approved the creation of 11 Spot Bitcoin ETFs. Although those inv...

Memeinator is approaching $4 million in its token sale. There is demand for new meme coins as evidenced by Wen’s performance. Sui and Monero have been in a strong uptrend lately. Cryptocurrency prices remained in a tight range on Monday as investors waited for the next catalyst. Bitcoin remained at $42,000 while the total market cap of all digital coins remained at $1.63 trillion. Other coins like Ethereum, XRP, and Solana also remained in a consolidation phase. This article looks at key cryptocurrencies like Sui, Memeinator (MMTR), and Monero. Memeinator token forecast Memeinator is an upcoming cryptocurrency that aims to replicate the success of meme coins like Bonk and Pepe. It aims to do that by creating a meme coin that has a wide community and utility in itself. Some of this utility will come from its Artificial Intelligence (AI) Features and gaming. The developers have partnered with Red Apple Tech to build its immersive game. https://t...

SkyBridge Capital founder Anthony Scaramucci shared an optimistic take on Bitcoin’s (BTC) potential trajectory following the halving . The former White House communications director suggested on The Wolf Of All Streets Podcast with Scott Melker that Bitcoin could experience a “conservative” increase of more than 300% in the coming months. “Why so bearish, man?” Melker asks. Here’s what Scaramucci said. Scaramucci sees BTC at $170k Bitcoin could witness a “cycle top” that is 4x higher than its halving price, Scaramucci, a Goldman Sachs vet, says. He predicts that Bitcoin could reach $170,000 after the halving in April, based on historical data. Scaramucci approximates the peak period for Bitcoin to occur approximately 18 months after the halving event. “Review Bitcoin halving cycles – the day it halves, multiply by four, 18 months later, and it consistently reflects Bitcoin’s price. Using a conservative $35,000 at the halv...

Chris Burniske, a partner at Placeholder, a venture capital firm specializing in crypto, recently provided perspectives on the present condition and future path of the cryptocurrency market. If the price of BTC falls to “the mid-to-high 20s,” or within the $20,000 range, Burniske says he wouldn’t be surprised. Cautious optimism On the social media platform X, Burniske shared a comprehensive Analysis of the market’s direction, highlighting key points as Bitcoin hovered around the $40,000 level. Burniske foresees consolidation and decline driven by complex factors such as crypto-specific elements, macroeconomic conditions, adoption rates, and new product development.  Observing a sense of denial in the market, Burniske likens it to partiers yet to sober up, emphasizing an impending period of reckoning. Predicting Bitcoin to drop to at least $30,000 before potentially testing mid-to-high $20K levels, he warns of a volatile recovery path with possible marke...

The native altcoin for a gaming-focused non-fungible token (NFT) marketplace surged more than 35% in a 24-hour period this week, defying the overall crypto market doldrums. Prom (PROM) bills itself as a “decentralized, confidential, and safe” ecosystem for exchanging and renting NFTs. The project’s native token, PROM, is up 36.3% in the past 24 hours and is trading at $7.65 at time of writing. It’s not immediately clear what drove the token’s price surge. The asset’s gains did materialize a few hours after Prom advertised a new game listing. The project now supports Poglin, a fantasy-world, blockchain-based battling game. New Game Alert on Prom: @Poglin_Official ?? Discover a universe where lore, anime, and games converge. Unveil the mysteries of Haven's tribes, and brace for a saga of prophecy and power. Dive into a new multimedia adventure! Explore Poglin's world ? https://t.co/EXFkXsMD7Y pic.twitter.com/tZ2L5tbSH...

Shiba Inu (SHIB) exploded onto the cryptocurrency scene in 2020 as a meme coin and alternative to the popular Dogecoin. Often referred to as a “Dogecoin killer,” SHIB saw massive growth in 2021, with its value increasing by over 10526694% at press time. However, like many cryptocurrencies, SHIB has seen significant volatility and has declined from its all-time high. In this article, we’ll explore various factors to predict where Shiba Inu Coin might stand in the next five years. Past Performance Points to Continued Volatility An Analysis of SHIB’s historical price action reveals that extreme volatility is to be expected from this nascent asset. SHIB saw two major price spikes in 2021, followed by significant declines of over 70%. However, each decline was followed by a recovery. Also read: Shiba Inu (SHIB) Price Prediction: January End 2024 This rollercoaster trajectory mirrors that of other speculative assets, like Dogecoin. Based on this pattern, ...

On January 25, GBTC saw an outflow of $394 million,a notable decrease from the previous days’ outflows. The net outflow of GBTC since its launch stands at $4.4 billion, according to a Bloomberg report. JPMorgan predicts the conclusion of the profit-taking on GBTC and a further downside for Bitcoin. The crypto community has been transfixed by massive outflows from Bitcoin exchange-traded funds since their launch earlier this month. Reportedly, one of the biggest player in the space, Grayscale Investments, has experienced a net outflow of more than $4.4 billion. However, investors may finally find solace as the GBTC outflow has been in decline for the past few days. James Seyffart, a Senior ETF Analyst at Bloomberg, revealed that over the last day, GBTC saw an outflow of $394 million, a notable decline from the previous two days. January 23 saw $515 million and January 24 $425 million in outflows respectively. Officially have ~$394 million out of $GB...

Controversial Crypto project Worldcoin is hoping that an Apple-style makeover of its infamous retina scanning orbs will help the company shed some of its dystopian image. Worldcoin orbs scan and upload people’s irises to its biometric database as a means to assign “World IDs” and become what it says will be the “world’s largest digital identity and financial network.” Users have previously received Worldcoin Crypto tokens as payment for their biometric data. However, the technology has been branded exploitative and deceptive by the MIT Technology Review. Users of the orb have reportedly called the project “dystopian” and “creepy.” Alex Blania, the CEO of Worldcoin’s parent company Tools for Humanity, told TechCrunch on Wednesday that their mission is to “race toward billions of users as fast as we possibly can.”  The orbs will change in color and shape in a bid to look “much more friendly.” He said the “next iterations will look quite different,” be “way [more] tuned down,”...

A machine-learning algorithm has forecasted Shiba Inu’s prediction for January 31, 2024. The prediction highlights that SHIB will trade with four ‘zeros’ in the indices by the end of the month, up from its current price of five ‘zeros’. Therefore, SHIB could spike in price in a week, according to the algorithmic price prediction. Shiba Inu is currently trading lower and has been down nearly 17% since 30 days. The bear markets are dragging SHIB down to new lows and is unable to claw back to its previous glory. SHIB is currently hovering around the $0.00000888 range in the indices on Thursday. Also Read: Shiba Inu: AI Predicts SHIB To Rise 250% in 2024 Shiba Inu: What Could Its Price Be on January 31, 2024? Source: Twitter ‘CoinCodex‘, is a machine learning and algorithm-based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB)...

A trio of traders believe that the smart contract platform Solana (SOL) will head to much lower prices before regaining bullish momentum. Starting with pseudonymous crypto analyst Bluntz, the analyst tells his 237,900 followers on the social media platform X that SOL appears to be mirroring Bitcoin’s (BTC) late 2018 price action when it collapsed before witnessing a parabolic surge. According to Bluntz, SOL has broken below the support of a triangle pattern and is now en route to his downside price target. “Real ones remember. Maybe we get one final exit pop or maybe it blows straight through support from here, I’m not sure. All I know is if we get low $70s, I’ll be max bidding SOL.”  Source: Bluntz/X Looking at the trader’s chart, he seems to predict that SOL will rally above $110 after bouncing from $70. Meanwhile, top trader Pentoshi also tells his 744,100 X followers that he thinks SOL will revisit its support at $70. S...

The Cardano (ADA) network continues to experience growth in the deployment of smart contracts on its blockchain, a significant factor driving the platform towards its goal of competing with established entities like Ethereum (ETH). As of January 24, the cumulative number of V1 and V2 Plutus smart contracts on Cardano reached 24,050. This figure reflects a 9,671 or 67% growth from January 1, 2024, with a count of 14,379, according to data retrieved from Cardano Blockchain Insights. Number of ADA smart contracts as of Jan 22. Source: Cardano Blockchain Insights Notably, the growth in smart contracts builds upon the 2023 expansion, where the platform added almost 10,000 contracts in alignment with increased development activity.  Cardano increased development activity  The surge in smart contracts also coincides with a previous report indicating that the team working on the Plutus Core language executed common subexpression elimination (CSE) for Untyped Plutus Core. ...