China News Official Today TheBitTimes.com

Dogecoin , a cryptocurrency with origins in internet meme culture, has captured significant attention and sparked the creation of various other animal-themed coins within the crypto market. Originally intended as a lighthearted joke, these meme coins have surprisingly gained widespread popularity in recent periods. Early adopters and investors in Dogecoin experienced substantial profits, with some achieving significant financial gains. However, the current situation for DOGE is less favorable. Also read:  Dogecoin Army Buzzing with Anticipation After Elon Musk’s Tweet The latest data from IntoTheBlock reveals that DOGE is eyeing a breach of the $0.1 price. The In/Out of the Money” (IOM) indicator plays a major role in identifying the average purchase cost of any cryptocurrency. This will help in determining two things. In one situation, if the current cost is more than the average cost, the address is considered to be “In the Money.” In the other instance, if the current co

XRP shows potential for price surges after a legal battle, depending on Bitcoin and Ethereum stabilization. STX attracts attention with a potential rebound from a crucial support level. VET on the verge of breakout, with its trajectory tied to Bitcoin’s performance, according to CryptoBusy. While Bitcoin and Ethereum have maintained their positions as leading cryptocurrencies, these three altcoins– XRP, Stacks (STX), and Vechain (VET)– are showing signs of potentially explosive growth, according to the YouTube channel CryptoBusy. Let’s explore the recent developments and analyze their price trends to understand their prospects in the crypto market better. After enduring a prolonged legal battle, XRP, the digital asset associated with Ripple, is showing signs of gaining momentum once again. Although some had anticipated an immediate price surge following the lawsuit’s resolution, it appears that XRP’s path to recovery lies in a gradual ascent. Tom MacRitch

Also Read: XRP Copycat Jumps 520%, Innovative Project or a Red Flag? advertisement XRP Token Holders, Not Investors Recently, US SEC chair Gary Gensler evaded a question on the Ripple lawsuit ruling citing the agency takes a collective decision with all the other commissioners. Interestingly, he repeated his warning to ‘investors’ about the Crypto Market , to which American businessman Mark Cuban took objection. He said, “(Gary Gensler) is in the habit of exclusively calling token holders investors. He knows that is incorrect, but it serves his purpose.” John Deaton: The Howey Factors Reacting to Gensler’s comment on the question of the SEC going for appeal, John Deaton , the attorney representing token holders in the lawsuit, said the judge will have a cushion of the first two Howey tests satisfying the ruling that the programmatic sale of XRP tokens to retail traders is not a securities transaction. Recommended Articles

Binance Regulatory and Banking Partner Challenges in Europe Germany’s financial regulator BaFin recommended Binance to withdraw its license application in the country. The regulator has concerns about CEO CZ and the crypto exchange’s complicated structure, reported the Wall Street Journal on July 29. advertisement According to people familiar with the decision, Binance CEO CZ wouldn’t pass a “fit and proper” test. Furthermore, the organizational structure of Binance impeded the effectiveness of regulatory oversight, making supervision difficult for regulators. Binance has withdrawn license applications in the Netherlands, Austria, Germany, and Cyprus. The crypto exchange faces scrutiny from France, Belgium, the UK regulators, even losing its European banking partner PaySafe. After losing USD and AUD support, some believe Binance is being cut off from the European banking system. The challenges for Binance CEO CZ continue to rise amid renewed scrutiny in the e

TerraClassic platform’s native coin, LUNC, is predicted to rally by nearly 400%. Javon Marks expects LUNC to break out of its current sideways channel and move higher. Analysts observed a growth in investors’ confidence in TerraClassic’s developments. The TerraClassic platform’s native coin, LUNC, is predicted to rally by nearly 400% by prominent crypto analysts such as Javon Marks. Marks expects LUNC to break out of its current sideways channel and move higher, supported by significant momentum. $LUNC (#TerraClassic) – Price breakout is holding, meaning an OVER 387% RUN can still be on the way and with the MASSIVE INCREASES in MOMENTUM currently being displayed, prices can push QUICKLY and perhaps faster than many may be able to comprehend… https://t.co/iPMsC8okom pic.twitter.com/FJeOjWCLFr — JAVON️MARKS (@JavonTM1) July 27, 2023 Marks predicts that following the breakout, LUNC’s price could shoot to higher levels. According to him, the pace of the ral

After a strong consolidation stint above and around $30,000, Bitcoin lost its psychological range. We analyzed a clear direction for Bitcoin after its Bollinger Band widens, and as expected, corrections are in place. At press time, recovery is extremely limp as the FOMC interest rates hike did little to move the needle. However, in this article, our objective will remain to zoom out and take an optimistic perspective. Also Read: Why Bitcoin Failed as Inflation but Not as Debasement Hedge Bitcoin: Where it all started in November 2022 While the subheading sounds dramatic, the reference is in context to the beginning of the current bull run. On Nov. 21, 2022, Bitcoin dropped to a low of $15476. “ BTC to $12000 ” speculations started to flood in but the asset managed to turn the tides. A strong recovery above $20,000 by January 2023 exuded confidence, and since then, it has been steady progress. Unsurprisingly, Bitcoin’s bullish breakout in 2023 also faced bouts of pric

Bitcoin, the first and largest cryptocurrency, has dominated the digital finance space for more than a decade. Its decentralized nature, robust security, and the potential to provide financial freedom have attracted millions of users worldwide. However, despite its revolutionary status,  Bitcoin continues to evolve, thanks to the groundbreaking work of developers around the globe. This article explores five major technological innovations that are pushing Bitcoin to new heights: the Lightning Network, the Liquid Network, Rootstock, Stacks, and Bitcoin Ordinals. Each of these developments solves unique challenges, driving the utility and scalability of Bitcoin to the next level. 1. The Lightning Network The Lightning Network is an innovative protocol built on the Bitcoin blockchain. It was created to address Bitcoin’s scalability issues and the limitations of its transaction speed. The network achieves this by facilitating off-chain transactions that significant

Also Read: Buy Gold? Veteran Trader Calls To Buy Gold As Bitcoin Remains Under Pressure advertisement Speaking about the potential chances for the memecoin with the rebranding opportunity, popular crypto influencer Scott Melker mentioned Musk’s background as payments company PayPal’s cofounder. He wondered if X is all about payments as the everything app is all going to be about finances. Coinbase Research Head David Duong About Dogecoin Payments On X David Duong, the head of research at Coinbase, spoke in a Twitter spaces about the new developments at Twitter. He said the world of finance naturally connects everything because users have to pay for stuff. It makes sense if and when Dogecoin (DOGE) is the unit of account that allows payments on the platform and subsequently there could be a jump in Dogecoin price. However, he warned that it is a different question if Musk will implement the memecoin for payments on the X platform. He added that the rece

VeChain has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event, which has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. Furthermore, on March 6, 2023, they released a new whitepaper, unveiling the VET 3.0 protocol. Also read: Ripple Price Prediction (XRP): July-End 2023 In their most recent announcement, the team shared details about their web3-as-a-service platform, the VORJ. Additionally, they have expressed their intention to explore the AI industry and leverage OpenAI to implement human-readable decoded contracts. VeChain is trading at $0.01851 at press time, according to CoinMarketCap. Considering these criteria, here is our Price Prediction for VeChain for July-End 2023. Source: The Metal Blog VET Price Prediction for July-End 2023 Cryptocurren

Join Our Telegram channel to stay up to date on breaking news coverage Billionaire entrepreneur Elon Musk has rebranded Twitter to ‘X,’ causing a significant DOGE price rally. DOGE, a popular meme coin supported by Musk, saw a surge in value following the social media platform’s identity change. The homepage’s iconic blue bird logo has been replaced with a new X logo. pic.twitter.com/IwcbqMnQtA — Elon Musk (@elonmusk) July 23, 2023 Elon Musk announced Twitter’s updated identity on the platform, revealing the website’s new URL, X.com, now directed users to Twitter.com. https://t.co/bOUOek5Cvy now points to https://t.co/AYBszklpkE. Interim X logo goes live later today. — Elon Musk (@elonmusk) July 23, 2023 The ‘DOGE Army’ sees this as a sign of Elon Musk’s progress with his vision for Twitter, fueling speculation that he might integrate cryptocurrencies like Dogecoin as payment options on the platform. Elon Musk updated his Twitter/X profile location to “𝕏Ð,” possib

Bitcoin is at the pivotal 50-day SMA support and a drop below this level could result in accelerated selling in BTC and altcoins. Bitcoin (BTC) plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions. Although the near term looks bearish, long-term investors remain unfazed and they continue to hold on to their positions. Glassnode data shows that Bitcoin’s Long-Term Holder Supply made a new high of 14.52 million Bitcoin, “equivalent to 75% of the circulating supply.” Daily cryptocurrency market performance. Source: Coin360 While the cryptocurrency markets have turned soft in the near term, the United States equities markets remain on a strong footing. The Dow Jones Industrial Average has risen for ten straight days, its longest streak since 2017. However, things could change this week with a slew of key ea

Celsius Network is about to secure settlements to end bankruptcy. The Network has struck two settlements that would allow the recovery of customers’ property. Judge Martin Glenn will review Celsius’ settlement hearing on August 10. Celsius Network, the defunct crypto lender, is about to secure settlements that would enable it to end the burden of bankruptcy upon its shoulders. According to reports, the collapsed crypto lending platform has struck two settlements that would allow the recovery of customers’ property. Judge Martin Glenn, a United States Bankruptcy Judge for the Southern District of New York, will review Celsius’ settlement hearing on August 10. The proposed settlements would cover unsecured claims by Celsius customers worth $78.2 billion. The agreement includes an exercise that increases customers’ reimbursements by 5%. That would reportedly satisfy claims regarding allegations of fraud and misrepresentation by Celsius management. Participat

Join Our Telegram channel to stay up to date on breaking news coverage The Indian government is proposing a plan to ban all private crypto currencies in the country. The authorities are also planning to introduce a central bank digital currency (CBDC). New draft legislation New draft legislation from the government of India proposes a ban on all private digital currencies . The bill also seeks to create a framework for a central bank digital currency (CBDC). The proposal is pending approval from parliament and is up for discussion. Dubbed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, the proposal suggests a blanket ban on all types of private cryptocurrency. Barun Mitra, the founder, and director of an Indian policy think tank Liberty Institute said that the ban is not surprising. He said that the government has its eyes set on the private gold held by citizens for a very long time. “If Indians have access to successful private currencies, they

Cardano’s Lace Sees Upgrade Cardano’s Lace wallet was launched in April this year as a highly functional and easy-to-use Web3.0 wallet to cater to the needs of every user within its ecosystem and beyond. With the wallet operational, Cardano is leaving no stone unturned to ensure Lace operates as best as it can. advertisement In the protocol’s weekly development highlight, it has been revealed that the team working on Lace embarked on a number of fixes including the “semi-automatic collateral setup for CIP-30, refactored complex areas of code, increased end-to-end test automation coverage, and started looking closer into CIP-95 ahead of work related to Voltaire.” According to the details in the report, the Lace team also took the liberty to work on “the UI flow for multi-delegation and ran load tests on the backend using HD wallets.” The updates to the Lace did not come as a shock, essentially considering the fact that the protocol founder Charles Hoskinson