Analysis Crypto by Thebittimes.Com

Shiba Inu is a cryptocurrency that has gained prominence as a meme coin. It has also attained a place among the top 20 cryptocurrencies by market capitalization. The SHIB team has been consistent in its development efforts and has undertaken several projects. The Shiba Inu network has gained recognition for achieving notable benchmarks and milestones.  Also read: Shiba Inu: How High Can SHIB Rise in 2023? According to the latest data from IntoTheBlock, the bulls seem to be marching ahead when it comes to the second-largest meme coin. 200 billion SHIB bought by large whales Data from IntoTheBlock reveals that 200 billion Shiba Inu were bought by large whales in the last week. This is a significant bullish outlook, as these large investors bought more SHIB rather than selling them. Even though the scenario gives a bullish picture, the bears are standing in front as opposed to the bulls: 128 vs. 126. However, the data shows that there is an uptick in the number of ...

Charles Nenner, a financial analyst that served as head of market timing for Goldman Sachs for more than a decade, has warned about the end of dollar hegemony and its consequences for the U.S. According to Nenner, the BRICS bloc and the influence of Saudi Arabia will end the dollar as a reserve currency, and this could cause a flight to safety. Charles Nenner Predicts End of USD Hegemony The U.S. dollar will be undermined as a reserve currency; this is what Charles Nenner, a financial cycles analyst, has predicted for the future. Nenner, who had previously projected the dollar was going to survive, changed his opinion recently, stating that the decline of the U.S. dollar has already begun. In a recent interview with USA Watchdog, Nenner stated: I said the dollar is going to hold up, but not anymore, not anymore. It is really in trouble. There is actually no reason to be in the dollar. The financial analyst estimates that the recent breakout of the BRICS block, composed of Brazil...

The blockchain intelligence firm glassnode alerts (@glassnodealerts) posted two tweets this morning regarding the crypto market leader. In the first tweet made this morning, glassnode alerts shared that the Mean Block Size (7d MA) for Bitcoin (BTC) just reached a 1-month low of 1,729,269.574. The tweet added that the previous 1-month low of 1,729,395.639 was observed on 16 April 2023. Shortly after this post, glassnode alerts then tweeted that the Number of BTC Spent Outputs with a Lifespan of less than 1h (7d MA) also recently reached a 1-month low of 7,738.946. At press time, CoinMarketCap shows that the price of BTC has dropped 3.16% over the last 24 hours. This 24-hour loss has also pushed BTC’s weekly price performance further into the red at -9.10%. As a result, the leading crypto’s price is currently trading around $28,004.17. BTC’s dominance in the market also dropped, as the crypto’s dominance is estimated to be around 45.78% according to CoinMarketCap. This is...

- Advertisement - Attorney Deaton says Gensler won’t answer questions on whether he considers Ethereum a SEC urity.  - Advertisement - Policymakers around the world have continued to take significant steps toward regulating crypto-related activities within their environments.  In a CNBC  report today, lawmakers in the European Union voted in favor of a new cryptocurrency licensing regime, dubbed MiCA. According to the report, a total of 517 lawmakers voted in support of the new crypto licensing regime, while 38 lawmakers voted against it.  Similarly, the European Parliament also supported a separate law known as the Transfer of Funds regulation. The law requires crypto exchange operators to identify their customers in order to curb money laundering activities.  Following the development, the European Union has become the first major jurisdiction in the world to introduce a comprehensive law for crypto.  Attorney John Deaton Reacts  The development has stirred a debate among cryp...

Decentralized physical infrastructure is offering one of the most real-world implementations of blockchain technology to date. The advent of Blockchain Technology has revolutionized several industries, ranging from finance (DeFi) and gaming (GameFi) to Web2 brands such as Nike for digital fashion and Starbucks for Web3 customer loyalty. However, one area that has remained essentially unchanged is physical infrastructure. Traditionally, the deployment and management of physical infrastructure, such as telecom networks, cloud services, mobility networks and power grids, have been dominated by large corporations due to their enormous capital requirements and logistical challenges. As a result, these corporations have had a near-monopoly on pricing, conditions and services offered to end-users, leading to a lack of competition and innovation. That is, until blockchain and Web3 entered the picture. Most are familiar with DeFi, GameFi, SocialFi and decentralized autonomous organizations (DA...

- Advertisement - The Cardano Crocs Club created the “Swamplands” application with the following goals in mind: unify the Cardano NFT scene by offering a platform where individuals can start their own web3 brands, bridge Cardano projects to those on other blockchains, and welcome existing web2 & IRL brands with the ever-growing web3 audience. The first objective has been SMASHED!! Right now, the  Swamplands application  has enlisted the support of over 250 Cardano projects to take advantage of the Swamplands ecosystem and the tools that it has to offer. - Advertisement - This is made possible through our token, $C4, which is the underlying backbone of the entire Swamplands ecosystem. $C4 is not “just another token”. It is money. A Currency. One that can be used as a means of exchange and store of value, One that is backed and used by real-world products, goods, and services. The parent company of Cardano Crocs Club (CCC), Net Technology LLC, has create...

According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists that LUNA and UST were sold as un register ed securities. Additionally, a lawsuit initiated by New York attorney general Letitia James against Kucoin insists that ethereum is also an un register ed security. Lawsuits Against Crypto Exchanges Bring Lack of Clarity Over Security vs. Commodity Status to the Forefront This year, U.S. regulators are designating a number of crypto assets as un register ed securities, and the allegations are buried in lawsuits against several crypto exchanges. Bittrex is the latest crypto exchange to be sued this year, following lawsuits against trading platforms such as Binance US, Kucoi...