Bitcoin News Today TheBitTimes.com

Pixelverse, a Web3 brand and game ecosystem, has successfully raised an additional $2 million in private funding, bringing its total to $7.5 million , as per the latest updates shared with Finbold on July 12.  The funding came from Galaxy Interactive, Crit Ventures, and Arc Community, with angel investors including Alex Kruger, Coco Bear, Luke Belmar, and The Block founder Mike Dudas joining them.  Hopefully, the new investment round will fuel the expansion of the Pixelverse ecosystem, which is home to million s of players. Picks for you Recession alert: Number of distressed companies hits 2008 levels in U.K. 1 hour ago New signal indicates Bitcoin's bearish trend persisting: Is $48K the next target?  ...

A cryptocurrency whale made a complex leverage trading operation using Ethereum (ETH) as collateral to borrow $34 million in USDC. The borrowed amount landed in a Binance address, likely to invest in cryptocurrencies, which signals a bullish bias moving forward. According to a Lookonchain post on X, the whale withdrew 30,000 ETH from Bitifinex on June 30, worth $101.7 million. Right after, the address 0xEd0C deposited 20,000 ETH in two batches of 10,000 ETH to the Spark protocol. 0xEd0C6079229E2d407672a117c22b62064f4a4312 transaction history. Source: Etherscan Notably, this total deposit represents collateral with a nominal value of $67.8 million used to borrow 34 million DAI. DAI is a decentralized, over-collateralized stablecoin pegged at 1:1 to the U.S. dollar. Picks for you Dollar vs. Yen: ChatGPT-4o predicts forex giants' ...

The crypto market rally of 2024 has already featured many of the hallmarks of a cryptocurrency bull market, including the release of multiple new coins and tokens, a new all-time high (ATH) for Bitcoin (BTC), and various stories of rapid wealth-building. The most recent of the rags-to-riches stories came late on June 6 when data from Solscan revealed that an insider acquired more than 190 million Hulkmania (HULK) – 19% of the total circulating supply – at the cost of just 7.1 Solana (SOL), worth $1,200 at the time.  The trade enabled them to, within a mere three hours , sell the 190 million HULK for more than 5,760 SOL – worth just under $1 million at the time. Picks for you Haruko to enhance digital asset management with Stacks integration 24 mins ago ...

On May 6, 2024, Crypto.com, one of the leading cryptocurrency exchanges, announced surpassing the 100 million worldwide user mark. This marks a pivotal moment for the company, founded back in 2016, which has consistently been one of the leaders in the space when it comes to regulatory compliance, security, and privacy. The achievement comes hot on the heels of Crypto.com’s latest brand film, “INEVITABLE,” under the theme of Fortune Favors the Brave. Interestingly, Crypto.com’s user base has been on a steady rise since the adrenaline-fueled Formula 1 Crypto.com Miami Grand Prix in May 2022, as per the latest information shared by the exchange with Finbold.com. Picks for you AI predicts Platinum price for May 31, 2024 44 mins ago How to invest 100k to make $1 million: A guide to maximizing your returns! 53 mins ago Warren Buffett predicts ‘higher taxes are likely’ for the U.S. 2 hours ago Chinese scholars agree on merits of Bitcoin ...

The Solana (SOL) network currently faces congestion issues and transaction failures, bringing uncertainties to its trading ecosystem. Nevertheless, a trader has still managed to make from $530,000 to over $6 million in a month. This Solana trader bought 12.08 million of boden, a meme coin playing with U.S. President Joe Biden’s image. Notably, the purchase happened two days after its launch for a cost of 3,100 SOL, worth $530,000. Lookonchain reported this case on April 9, in a post on X (formerly Twitter). Then, the anonymous trader started selling the meme coin on April 6, one month after the purchases. In particular, 9.08 million boden were sold for 23,758 SOL, worth $4.06 million . As a result, the trader realized a profit of 20,659 SOL, worth $3.53 million . Picks for you Here's how to turn $1k to $1 million during this crypto cycle 10 mins ago US recession is 'delayed but still coming' warns Chief Strategist 25 mins ago What’s...

Shiba Inu (SHIB) reportedly dominated trading volume on India’s largest crypto exchange WazirX in March. KangaMoon offers presale participants a chance to earn KANG before its game and NFT launch. The project is currently in stage 5 of its presale and has raised over $4 million. Shiba Inu (SHIB) topped the list of most traded tokens on India-based crypto exchange WazirX in March, according to a news update the exchange shared via X.  Meanwhile, new meme coin project KangaMoon (KANG) has surpassed the $4 million mark in its presale . Shiba Inu leads in trading volume on India’s WazirX According to a post on X, SHIB topped monthly trading volumes for March, surpassing Bitcoin (BTC) and top meme coins Pepe (PEPE), Floki (FLOKI) and Dogecoin (DOGE). Trading volume soaring in India is a reflection of the token’s strength, particularly with meme coins dominating amid a shift to long-term outlook rather than speculative hype. As one of t...

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...

The  InQubeta   presale has so far raised over $1.5 million , benefiting early adopters. In recent times, InQubeta and Ripple have been buoyed by positive developments. For instance, Ripple recently won against the United States Securities and Exchange Commission (SEC). A judge ruled that the listing of XRP on exchanges did not violate any laws, raising questions about the SEC’s jurisdiction over cryptocurrencies. As for InQubeta, the platform aims to enhance accessibility to investment opportunities in artificial intelligence (AI) by addressing the obstacles that often hinder people from utilizing traditional investment channels.   InQubeta  presale bullish for AI coins The inflow of capital into the InQubeta presale aligns with the flow of funds into companies linked to AI since 2015. Investments in artificial intelligence have risen from $12 billion back then to over $120 billion by 2022. It’s a response to the increasing viability of artificial intellig...

A recent report from DappRadar revealed that over the last year, NFT and gaming-centered decentralized applications rivaled DeFi DApps on many major blockchains. Over the last year, nonfungible tokens (NFTs) continued to play an important role in the growing Web3 industry. NFTs initiated a shift away from hype-based drops, to utility-centric projects with long-term value. A new DappRadar report on blockchain and decentralized application (DApp) adoption in 2022 revealed that the NFT sale count last year reached 101 million. This is a 67.57% increase from the previous year. According to the report, the Ethereum ecosystem holds the top spot in the NFT ecosystem, holding 21% of the market share and over 21.2 million transactions processed. It is followed by Wax (14.5 million), Polygon (13.3 million) and Solana (12.9 million). Both the Solana and Immutable X ecosystems saw massive growth from the previous year in terms of transaction activity, with a 440% and 315% increase, respectively....