Analysis Crypto by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Conor Kenny explains the use and benefits of the Ecoterra project’s recycle-to-earn system and its current state in the CertiK Audit. With its new app, individuals are inspired to become eco-friendly, minimize their carbon footprints, and engage in efficient waste management. At the time of writing, the USDT raised had already reached more than $2.7 million out of the target of $3.1 million. Ecoterra Recycle2Earn platform analysis The project has a goal that is focused on sustainability and an incentive system that is appealing to both people and businesses. Ecoterra has a number of possible use cases for recycling and reducing the environmental effect of products and materials. These use cases are long-term, verifiable, and transparent thanks to the Ethereum blockchain. The main thing that makes the Ecoterra project stand out is its Recycle2Earn system, which gives people money for recycling thing...

PancakeSwap, the leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), has recently passed a proposal for its CAKE tokenomics version 2.5. The proposal aims to address the issue of inflation and to ensure the stability of the token’s value while continuing to incentivize users. Under the new proposal, the CAKE Syrup Pool emissions will be immediately reduced from 6.65 CAKE per block to 3 CAKE per block. Moreover, after six months, the emission will be further reduced to 0.35 CAKE per block (approximately 2% APR). Decision Proposal for CAKE Tokenomics v2.5 has passed, which will adjust CAKE Syrup Pool emissions from 6.65 CAKE/block to 3 CAKE/block immediately and CAKE Syrup Pool emission is reduced to 0.35 CAKE/block (~2% APR) at month 6. https://t.co/3HmYWgkltT — Wu Blockchain (@WuBlockchain) April 29, 2023 The community proposed and voted on the decision, and it passed with an overwhelming majority of 88.8% votes. The move’s rational...

According to Senator Cynthia Lummis , young Americans are trooping to Bitcoin because it is “sound money” instead of fiat. Cynthia Lummis , an American attorney and senator from the state of Wyoming, recently called attention to the growing interest in Bitcoin (BTC) among young Americans. In a recent tweet, Sen. Lummis opined that this trend is because Bitcoin is “sound money.” In my estimation, the reason so many young Americans are into # Bitcoin is because it is #soundmoney. The federal govt’s blank check spending habit, coupled with the complete erosion of the gold standard and the development of the internet, led us here. Inevitable. — Cynthia Lummis 🦬 (@CynthiaMLummis) April 25, 2023   The crypto scene has garnered significant global attention, with global crypto ownership rising to 4.2% this year. The United States largely contributes to this, with 13.22% of Americans, or 44.9 million individuals, possessing crypto, per data from Tri...

The US Commodity Futures Trading Commission (CFTC) recently won a record-breaking $3.4 billion penalty in a lawsuit involving a fraudulent Bitcoin scheme. Texas District Court Judge, Lee Yeakel, ordered the implicated Cornelius Johannes Steynberg to pay the sum for his role in the fraudulent commodity pool scheme involving Bitcoin. Steynberg, a South African national and the CEO of Mirror Trading International Proprietary Limited (MTI), was ordered by Judge Yeakel to pay $1.73 billion in restitution to the victims of the scheme. Furthermore, Steynberg was ordered to pay an additional $1.73 billion civil monetary penalty. The order by Judge Yeakel comes after Steynberg was found liable for fraud in connection with retail foreign currency transactions and fraud by an associated person of a commodity pool operator (CPO). Steynberg was also charged with registration violations and the failure to comply with CPO regulations. The penalty imposed on Steynberg is significant gi...

Economist Peter Schiff has warned that the U.S. will default on its debt obligations. He further stressed: “All the bad stuff that they’re saying is going to happen if we don’t raise the debt ceiling is guaranteed to happen because we do raise the debt ceiling.” Peter Schiff on U.S. Debt Default Economist and gold bug Peter Schiff warned Monday on the Peter Schiff Show podcast that the United States will default on its debt obligations and that raising the debt ceiling will have devastating consequences. Commenting on politicians claiming that the U.S. debt ceiling must be raised “because we pay our bills,” the economist argued: “We never pay our bills … We have $31.7 trillion in debt. That’s $31.7 trillion of bills that we have not paid. We didn’t pay them. We borrowed the money. And we want to keep on borrowing the money. Nobody wants to pay any of these bills.” Schiff cautioned: It’s only a question of time. It’s not a question of if. It’s just a question of when. We will d...

The median hold time for Shiba Inu (SHIB) on the popular crypto exchange Coinbase has reached 250 days. The median hold time is the number of days investors keep their assets on the exchange before selling them or moving them to an external wallet. Moreover, the median hold time for Shiba Inu (SHIB) on Coinbase is longer than that for other popular crypto assets such as Bitcoin (BTC) and Ethereum (ETH). According to the exchange, a higher median hold time points towards an “accumulation trend .” On the other hand, a short hold time “indicates increased movement of tokens.” Furthermore, SHIB happens to be the 11th most popular crypto on Coinbase. Shiba Inu’s popularity in Hong Kong SHIB is one of the most popular cryptocurrencies in the world. The token has increased by nearly 27% since January this year. SHIB’s popularity is further proven by its increased trading on Hong Kong’s CoinEX exchange. SHIB is currently the fourth most traded token on the platform, accounting for 2.01% of...

Recall that First Republic Bank has been facing deep liquidity crisis at the time Silicon Valley Bank and Signature Bank met their waterloos last month. Through the help of top banking giants, a $30 billion deposit was lodged into First Republic Bank to help it shore up its liquidity. advertisement However, recent events that has seen the share price of the regional bank collapse by more than 65% since the start of the week has drawn more concerns from shareholders and depositors. As reportedly recently by Coingape, the US government has refused to bail out the ailing bank, further dragging down its liquidity crunch across the board. To Cameron, assuming First Republic Bank is crypto focused, regulators would have handled the fallout differently. The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Trending Stories ...

Author: Bitrace Airdrops are marketing events in which DeFi protocols distribute tokens for free to early active community members as a way to reward their early support and encourage continued use of the protocol. For example, on March 23rd, the Layer 2 protocol Arbitrum conducted an airdrop in which 625,000 individual active wallets received nearly 1.16 billion $ARB tokens, with each address receiving between 625 and 10,250 tokens. Based on the $ARB price of $1.63 at the time, each address received between $7,000 and $114,900 worth of tokens. The wealth effect of $ARB attracted more newcomers to join the army of people trying to get airdrops. However, due to newcomers’ lack of experience with on-chain protocols and unclear background and positions of unreleased projects, it can be challenging to predict a project’s token release time, expectations, and the interaction rules for airdrops. To guide these newcomers, KOLs started writing airdrop tutorials. Consequently, various airdrop t...

Ripple ’s native token XRP ducked the market downturn last week and consolidated sideways in the indices. XRP is currently hovering around the $0.46 mark and it is looking to reclaim its position above $0.50. The bulls are on a mission to take the cryptocurrency to $1 but the bears are pulling the asset down with regular sell-offs and profits bookings. According to recent data from the on-chain metrics firm Santiment, whales are on an XRP accumulation spree. The buying behavior shows wallet addresses holding between 1 million and 10 million XRP have embarked on a purchasing expedition. Also Read: Ripple : Will XRP Fall to $0.10 Next? Analyst Weighs-in Source: Santiment The accumulation spree began on April 19 from the time when XRP began to dip from $0.52 levels. For close to a week, the wallets have regularly picked up the token keeping its price steady in the indices. The 1 million-10 million XRP holders now collectively hold 3.9 billion tokens worth a staggering $1.78 bi...

Crypto traders are paying closer attention to MATIC after a value drop pushed the token’s price into an area of significant support. In the past week, MATIC’s price dropped from $1.1840 to trade at $0.9683 as of the time of writing. MATIC Daily Chart on TradingView At the current price, MATIC has shed over 18% of its value from the local high and broken below strong support at $1.0269. The next significant support is at $0.9184, coinciding with a strong trendline on the weekly chart. The bulls could lose their hold on MATIC if the price breaks below this level. However, there are other considerable factors in predicting the next phase of MATIC’s price evolution. The $1 price region is a psychological level for MATIC and currently coincides with the weekly trendline support and the 50% Fibonacci retracement from the latest rally. This confluence of technical events is a confidence booster for the bulls who expect the price to reverse soon. A reversal at this level wo...

Uncertain regulations have been the highlight of the U.S. crypto market. This sentiment has even pushed several out of the country. The stringent oversight of the Securities and Exchange Commission [SEC] in particular has brought immense stress to the market. Prominent cryptocurrency exchange Coinbase is clearly on a mission to change this, as it went on to file a court action against the SEC.  Late on Monday, Coinbase filed a lawsuit against the SEC, requesting that the court order the organization to reply to its demand for more clarity around crypto currency laws. JUST IN: Coinbase sues the SEC, seeking regulatory clarity for the # crypto industry. — Watcher.Guru (@WatcherGuru) April 25, 2023 In the limited legal action, Coinbase has asked a federal court in the United States to order the SEC to respond “yes” or “no” to a petition submitted in July 2022. The exchange posed 50 specific concerns to the watchdog in the petition from July 2022. This petition entailed ...

Flow is a blockchain project that was launched as a complement to the Ethereum blockchain. Its native token FLOW is used in the payment of transaction fees within the Flow network. Flow investors are bullish on the token since it has had a return on investment (ROI) of over 26 times in the past 2 years. The crypto boom of 2021, led to the price increase in FLOW to its present all-time high (ATH) of $46.16 which was attained in April 2021. Irrespective of the recent crypto winter in 2022, FLOW investors are confident that the future of FLOW is bullish. If you are interested in the future of Flow (FLOW) and would want to know the price analysis and price prediction of FLOW for 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article. Table of contents Flow (FLOW) Market Overview What is Flow (FLOW)? Flow Current Market Status Flow Price Analysis 2023 Flow Price Analysis – Keltner Channel Flow Price Analysis – Bollinger Bands Flow Price Analysis ...