China News Official Today TheBitTimes.com

Join Our Telegram channel to stay up to date on breaking news coverage The US SEC’s crypto crackdown has already seen the regulator target a number of projects, but also companies that work with digital assets . Recently, a popular trading platform Robinhood Markets also emerged as one of the companies that received some sort of penalty from the regulator . Robinhood admitted to receiving an investigative subpoena from the Securities and Exchange Commission (SEC) over crypto listings, custody services, as well as platform operations. The US securities watchdog actually targeted the platform back in December 2022, only about a month after FTX filed for bankruptcy. The trading platform explained this in a 10-K filing, stating that FTX started an avalanche of crypto trading venues and lending platforms filing for bankruptcy. Voyager Digital Holdings was another entity that ended up losing its foothold, and so did Celsius Network, and Three Arrows Capital, all of which were maj

Join Our Telegram channel to stay up to date on breaking news coverage The Amp price prediction witnesses a 1.27% price increase over the past 24 hours of trading as the coin touches a $0.0065 daily high. Amp Price Prediction Statistics Data: Amp price now – $0.0058 Amp market cap – $244.7 million Amp circulating supply – 42.2 billion Amp total supply – 99.2 billion Amp Coinmarketcap ranking – #146 AMP/USD Market Key Levels: Resistance levels: $0.0080, $0.0085, $0.0090 Support levels: $0.0040, $0.0035, $0.0030 AMPUSD – Daily Chart AMP/USD gains a 14.31.272% price rise over the past 24 hours of trading as the coin bounces from the $0.0056 to the $0.0065 resistance level. The Amp price may face the upside as the red line of the 9-day MA remains above the green line of the 21-day MA. At the time of writing, the movement is likely to shift in the bullish favor if the technical indicator Relative Strength Index (14) crosses above the 60-level. Amp Price Prediction: Amp

Despite the sanctions on the crypto mixing service, the bad actors behind January's biggest exploit have deposited millions worth of funds into Tornado Cash. The suspected actors behind the $6 million exploit of decentralized finance (DeFi) lending protocol Lendhub have just sent more than half of their ill-gotten gains from January into sanctioned crypto mixer Tornado Cash. Blockchain security firms PeckShield and Beosin alerted their respective followers to the movement of funds on Feb. 27, noting that around 2,415 Ether (ETH) worth around $3.85 million was sent to Tornado Cash from a wallet connected to the Jan. 12 exploit. #PeckShieldAlert ~2,415.4 $ETH (~3.85M) into Tornado Cash from @LendHubDefi exploiters LendHub was exploited, and $6M worth of cryptos was stolen from its protocol on Jan. 12.https://t.co/vDxHlTgR0o pic.twitter.com/8FZY3v2Fe3 — PeckShieldAlert (@PeckShieldAlert) February 27, 2023 PeckShield previously reported the LendHub exploit was the largest in Janua

Pfizer is now the first big pharma to participate in a decentralized autonomous organization (DAO). Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. In fact, Pfizer is now the first pharmaceutical to vote on decentralized autonomous organization (DAO) proposals of German blockchain-based organization VitaDAO. The collaboration is part of VitaDAO's latest fundraising disclosed in late January from strategic members, including Pfizer Ventures, Shine Capital and L1 Digital, among other longevity enthusiasts. The $4.1 million raised will be used to fund longevity research projects and accelerate the spinout of VitaDAO's first biotech startups, with two more in development for 2023. "Pfizer is now bringing some of their own scientists to join with the community of research ers who are part of Vita DAO to help incubate some of this research ," told Cointelegraph A

Indian Finance Minister Nirmala Sitharaman has stressed the importance of inter national cooperation in order to regulate the crypto sector. She also confirmed that Indian regulators’ crypto awareness campaign will continue to alert people about the risks of investing in crypto. Indian Finance Minister on Crypto Regulation, Bill, and Awareness Campaign India’s finance minister, Nirmala Sitharaman, answered some questions about crypto during a press conference on Monday. She said: In India, crypto is on the agenda of G20. This is because we think technology-driven crypto asset creation and buying and selling of assets in the crypto world will have to have inter national cooperation. “The reason is they can be anywhere but operated in India or they can be in India but operated somewhere else,” the Indian finance chief added. Sitharaman also addressed the issue of young Indians, particularly students, putting their pocket money into risky crypto assets with the hope of generating b

Join Our Telegram channel to stay up to date on breaking news coverage Frax Share price rose 15% in the last 24 hours to escape from a descending triangle as the crypto market flashed green on Thursday. FXS might maintain the bullish momentum if it clears the barrier at $12. Let’s analyze the price action after yesterday’s recovery and see what factors could lead to a possible continuation of the uptrend in the near future. 1. FXS Trades Above A Significant Demand Zone Frax Share bulls started a recovery wave on February 6 taking the price 45% to the $14.25 high. The buyers tried to keep FXS above $14, but they were rejected at around $14.30, initiating a 30% decline toward the $9.63 support floor. At the time of writing, the altcoin was still trading below $14.  Bulls had pushed the price out of a descending triangle chart pattern confirming a bullish breakout. This move has also taken FXS above an important demand area stretching from $9.63 to $10.91. Buyer congestion in

Project DAMA is a novel digital asset management access system for transacting tokenized securities. According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof of concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per its report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator, or through a built-in marketplace. As the first step, Deutsche Bank and Memento Blockchain created a decentralized finance (DeFi) platform on Ethereum (ETH) and a unique, non-transferable Soulbound Token. Using the SBT, platform developers could then verify the identity of the wallet owner and grant them access to investment

Bitcoin briefly touched the $25,000 mark on Tuesday and remains in the green this week, attracting bullish sentiment. In 2023, the king cryptocurrency steadily increased in value, rising from $16,500 to the $25,000 mark. While certain analysts claim the recent spike could be a bull trap, others predict BTC may move further forward. Pseudonymous cryptocurrency analyst Dave predicts that BTC might reach higher highs in the next three months and could reach $50,000. Also Read: When Will VeChain Reach $1? Bitcoin: BTC Could Reach $50,000 By May 2023, Predicts Analyst Source: FT.com Cryptocurrency analyst Dave predicts that Bitcoin has the potential for a 100% rise in the next three months. He claimed that BTC may mirror its 2019 rise, as it surged from $4,000 to $14,000 in less than four months. Dave shared a BTC chart suggesting that Bitcoin appears for a parabolic surge of around $50,000 in May 2023. “A BTC risk to the upside. Number can get big fast,” he precited. Also Rea

Recent months have seen a rise in the number of daily active users and fees on Ethereum’s top layer-2 networks. In the past few months, Ethereum layer-2 networks have grown at a very fast rate, and this is likely to continue in 2023. Recent data shows that the top layer-2 networks have seen an increase in the number of daily active users, which has led to an increase in fees for each ecosystem. Token Terminal, a company that does analytics, says that Polygon is in the lead with 313,457 daily active users as of Jan. 17. Earlier in January, this number went up to over 600,000 daily active users. That’s a 30% rise in activity since the beginning of October, which means that Polygon is making almost $55,000 a day in fees. The number of daily active users on Optimism has grown even faster, by 190% in the last three months. This led to daily network fees of $119,475, which is an increase of almost 140% since the beginning of the year. The number of people who

- Advertisement - The SEC accuses Kwon of diverting 10K units of Bitcoin from Terra. - Advertisement - The Securities and Exchange Commission (SEC) has alleged that Terra co-founder Do Kwon and Terra Form Labs (TFL) were involved in money laundering following the ecosystem collapse in May 2022. SEC’s Complaint Against Kwon The SEC made this known in  a 55-page complaint filed in the Southern District Court of New York, stating that the defendants laundered more than $100 million worth of Bitcoins.  The SEC cited one transaction, which saw  Kwon and TFL move over 10K Bitcoin from the Luna Foundation Guard (LFG) and Terra to a cold wallet. The funds were later transferred to a Swiss bank account and converted to fiat. The Securities and Exchange Commission claims the defendants withdrew over $100 million from the unnamed Swiss financial institution since May 2022 using this process. “On a periodic basis since May 2022, TFL and Kwon have transferred – and continued to transfer – Bit

Bitcoin is the first cryptocurrency that paved the path for the decentralized cryptocurrency realm. Bitcoin is frequently compared to gold because both are precious and limited in supply. BTC, on the other hand, is significantly more transferable and can be quickly moved between users all over the world. As the adoption of cryptocurrencies has increased every day over the years, so have the demand and price. From a low of $65.53 on July 5, 2013, BTC has skyrocketed to an all-time high of $68,789 on November 10, 2021, according to CoinMarketCap data. Also read: Instagram to Start Selling Verification With the cryptocurrency market slowly slipping away from the bearish movement in 2022, the market cap as well as the price of cryptocurrencies have risen. According to the latest data, Bitcoin has surpassed Visa in terms of market cap . JUST IN: #Bitcoin surpasses Visa by market cap . — Watcher.Guru (@WatcherGuru) February 19, 2023 Bitcoin dethrones Visa in market cap

Join Our Telegram channel to stay up to date on breaking news coverage WEMIX has continued its rally, trading at $1.96 in the market today. It has stayed above $1 since February 3, 2023, and is still making progress on the price chart. In addition, WEMIX serves as an exchange tool for paying gas fees. Its utility might be one of the reasons behind its current uptrend. Also, the current uptrend in the general crypto market might be pushing it up. But will the token continue its upward journey? Keep reading to find what the chart indicates.  Is WEMIX Progressing More Than Others? WEMIX has engaged in developmental strides recently. Crypto projects benefit from community-based development and often record a price surge when more users join the community. Here are some of the latest trends on the network. WEMADE To Publish R1B WEMADE creators of WEMIX have published a blockchain-based baseball game, Round 1 Baseball (R1B) , by Round 1 Studio. R1B is the first game to launch on