Analysis Crypto by Thebittimes.Com

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Stockholm, Sweden, 1st February, 2023, Chainwire According to a recent report published by the IADB, the LAC PropertyChain pilot shows that “complex property transactions can be sufficiently modeled, coded, and processed on a distributed blockchain network.”. The report goes on to explain how the technology can alleviate problems that currently plague real estate transactions in Latin America. The Inter-American Development Bank (IADB) and ChromaWay, a provider of enterprise-grade block chain solutions, have collaborated on a pilot program that demonstrates the ability of Chromia block chain technology to improve property registration processes in Latin America.  The program, called LAC PropertyChain, ran on a permissioned version of Chromia and aimed to increase the transparency of records, streamline th...

Amidst all of the hype surrounding the viral AI chatbot, one Wharton professor decided to put the program to the test. He took a question that is a staple in one of his courses, and he posed it to the chatbot. The result? Well, ChatGPT has just passed an MBA exam. Inc. covered a story about Christian Terweish. He is the professor in question and stated that a manufactured scenario presented to his Operations management students — an MBA course — is the same one he posed to the OpenAI program. It didn’t just pass, but Terwiesch gave the response an A+. Source: bdtechtalks ChatGPT Continues to Surpass Expectations Two graduates of a business school in New England have decided to partner to create a new business. That business would see them buy antique paintings from various auctions, quadruple the price, and sell on a website called World-Antique. The duo aimed for an annual revenue of $3 million but had to determine the dollar amount of their inventory. That was the qu...

Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year of Sanctions More and more ready-to-use accounts for cryptocurrency exchanges are being sold to Russian residents. While this is not a new phenomenon — such accounts are often employed by fraudsters and money launderers — the current growth in supply has been attributed to the restrictions imposed by the trading platforms on customers from Russia, as a result of compliance with sanctions over the war in Ukraine. Russian residents have been buying these accounts despite the dangers, including the risk that whoever created them could maintain access after the sale, the Kommersant reported. But they are inexpensive and offers on darknet mar...

Inflation in the U.S. has started cooling down. The rate fell in December to 6.5% on an annual basis, according to the CPI. For context, inflation stood at 7.1% in November and 9.1% in June 2022. When the CPI numbers were released in mid-January, Mark Zandi, Chief Economist at Moody’s Analytics opined that people will not be talking about inflation this time next year. With the economy gradually getting back on track, the Federal Reserve is expected to slow its interest rate hike pace. The new rate is all set to be announced at 2 p.m. ET on Wednesday, Feb. 1. According to the CME, there is a 99.9% probability of raising Interest rate s by 25 basis points [4.5% to 4.75%]. Additionally, Interest rate futures show that the Fed ’s current rate hike cycle may end in June. Source: CME FedWatch Tool Also Read: US Inflation Rate Falls to 6.5% In a recent speech, Philadelphia Fed President Patrick Harker emphasized that hikes of 25 basis points “will be appropriate...

Source: AdobeStock / Joe Gough The White House has published a roadmap asking authorities to increase enforcement and ramp up efforts to regulate the crypto sector. In an official blog on Friday, the Biden Administration detailed its plans to address potential risks from cryptocurrencies in a roadmap that calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the industry.  The post starts by citing some major failures within the crypto sector last year, including the implosion of Terra's algorithmic stablecoin UST that prompted a wave of insolvencies. It also noted the collapse of FTX, once the third-largest cryptocurrency exchange in the world, which delivered billions in losses to users.  "Thankfully, turmoil in the cryptocurrency markets has had little negative impact on the broader financial system to date," the post read, adding that the Biden Administration ...

FTX ’s collapse in Q4 last year intensified the cryptocurrency market’s bearish woes. In the latter half of November 2022, Bitcoin dropped down to a low of $15,479. After that, the sluggish state extended for a few more weeks. However, Bitcoin turned a bullish page in 2023. With just 27 days into the new year, BTC has already climbed back to its pre- FTX levels. In fact, since the beginning of this year, the market’s largest cryptocurrency asset has inclined by ~40% so far. BTC/USDT | Source: TradingView Also Read: Is a “Bigger Breakout” Looming for Bitcoin, Ethereum? FTX Saga: A thing of the past for Bitcoin? A few from the community believe that Bitcoin has already bottomed out and the November lows created last year were its cyclic bottom. #Bitcoin dropped to $15.6K due to FTX and is currently trading at $23K. The bottom is in. — Michaël van de Poppe (@CryptoMichNL) January 23, 2023 Also Read: Bitcoin: What Is $1 of...

After a torrid 2022 that saw it sell off its flagship mining facility, Argo Blockchain's woes are worsening after a recent class action suit. Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021. A newly filed lawsuit on Jan. 26 is aimed at Argo and several of its executives and board members. It claims the firm failed to disclose how susceptible it was to capital constraints, electricity costs and network difficulties. "The Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading," the lawsuit read. As a result, the investors claim the Business was “less sustainable” than they had been led to believe which led to an overstatement of the miner’s financial prospects. The complaint noted...

Former Polygon VP of growth Arjun Kalsy believes that Polygon's integration of zero-knowledge roll-up technology would boost the network's adoption. Ethereum scaling solution, Polygon, has witnessed a lot of adoption through partnerships with major brands like Starbucks and Addidas, which has increased the network's popularity among cryptocurrency users. The former vice president of growth, Arjun Kalsy, breaks down how Polygon has attracted partnerships with major brands and how the project is driving mass crypto adoption.  Arjun Kalsy, before leaving Polygon late last year, led a team tasked with onboarding companies to promote the adoption of the Polygon network. According to Kalsy, talking to brands looking to pivot from Web2 to Web3 or adding elements of the decentralized world to their platforms was always enjoyable. The onboarding process involved several technical meetings where the Polygon network and its capabilities were scrutinized by these major brands, who ...

The Bitcoin price prediction shows that BTC is likely to cross below the 9-day moving average with the daily low at the $22,000 level. Bitcoin Prediction Statistics Data: Bitcoin price now – $22,602 Bitcoin market cap – $436.2 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $27,000, $29,000, $31,000 Support Levels: $19,000, $17,000, $15,000 BTC/USD is moving sideways above the 9-day and 21-day moving averages as the king coin trades around $22,602. The king coin is likely to resume a downtrend if it crosses below the 9-day moving average. However, until the bulls break above the upper boundary of the channel, the king coin is likely to face a prolonged sideways move or head toward the south. Bitcoin Price Prediction: Bitcoin (BTC) May Fall to rising Again At the time of writing, the Bitcoin pri...

Whales are showing significant interest in XRP since December 2022 as the Ripple Vs SEC lawsuit is edging closer to a judgment. The rich list is purchasing and moving around XRP tokens to different wallets anticipating a ruling in favor of Ripple . A mysterious whale moved 254.59 million XRP tokens worth a staggering $107.78 million to a private wallet address. The transfer was initiated in a single transaction this week and data from Bithomp shows that the whale’s funds remain intact. Also Read: XRP Receives Inflow of $1.02 Billion in 24 Hours: Are Bulls Targeting $1? Source: WhaleStats.io In addition, another deep-pocketed whale moved 35 million XRP worth nearly $15 million to Europe’s leading cryptocurrency exchange Bitstamp. You can read more details about the transaction here. On Wednesday, another whale shuffled 30.2 million XRP tokens worth nearly $13 million to an unknown private wallet address. The whales have moved 320 million XRP tokens worth $135 mil...

Investors are rushing to secure the limited, discounted presale tokens of a revolutionary new green cryptocurrency platform called C+Charge, with the project having already raised a staggering more than $370,000 in just a few weeks since the presale launch. Indeed, a crypto whale recently banked a massive $99,000 worth of CCHG tokens in one whack, as can be verified here on per BscScan. C+Charge is making wakes in the electric vehicle (EV) charging space – the crypto start-up is building a first-of-its-kind electric vehicle charging platform where users can pay to charge their vehicles using crypto and can subsequently earn rewards in the form of blockchain-based carbon credits. C+Charge also hopes to solve other key issues plaguing the EV charging market, such as the lack of a unified payments solution and lack of information on charger operational status and wait times. The project is currently selling its CCHG token, which will power its EV charging app...

Join Our Telegram channel to stay up to date on breaking news coverage Meta Masters Guild aims to unlock the value in gaming for players while taking a play-and-earn approach. With a goal of creating the most-played crypto games of 2023 and beyond, Meta Kart Racers and the Meta Masters Guild platform present a valuable opportunity for investors. In just two weeks, the leading play-to-earn gaming platform Meta Masters Guild, which is growing in popularity quickly, has raised more than $1,054,000 from investors. The second phase of the seven-stage buyout is supposed to conclude in six days, although it will probably end soon. The $MEMAG reaches Stage 3 after the fundraising total of $1,120,000 has been reached. The price of a token will then increase by 30%, from $0.01000 to $0.01300. Invest now for a price increase of 129% once the presale expires The presale comprises seven stages in all. When the presale reaches its conclusion, the price of $MEMAG will be $0.02300, a 129% ...

Source: AdobeStock / Song_about_summer Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Legal news Bitzlato , the crypto exchange charged by the US with money laundering last week, exchanged around €1 billion ($1.086 billion) in assets linked to criminal activities, said EU’s law enforcement agency Europol . “Targeting crucial crime facilitators such as crypto exchanges is becoming a key priority in the battle against cybercrime. […] While the conversions of crypto-assets into fiat currencies is not illegal, investigations into the cybercriminal operators indicated that large volumes of criminal assets were going through the platform,” said the agency. Banking news SEBA Bank , a licensed digital assets bank, launched an exclusive multi-tiered membership program for institutional clients. Per the press release, cli...