Cryptocurrency News Today TheBitTimes.com

The native altcoin for a decentralized finance (DeFi) ecosystem built on the Tron (TRX) blockchain surged by over 22% in one day amid the rollout of new mining rewards. The governance token for the DeFi platform JUST (JST) is trading around $0.0275 at time of writing, up from around $0.0225 one day ago. The 123rd-ranked crypto asset by market cap outpaced the vast majority of the rest of the crypto marketplace, which largely tracked sideways on Thursday and Friday. JUST aims to provide “all-in-one financial solutions” to its users via the development of Tron-based DeFi protocols, according to the project’s website. JST’s price jump materialized as the project’s lending platform, JustLend DAO, launched new mining rewards. The project notes that miners who supply liquidity on JustLend DAO will now gain additional mining rewards denominated in Tron’s stablecoin USDD, in addition to the supply interest. USDD aims to maintain a 1:1...

The US Commodity Futures Trading Commission ( CFTC ) has initiated a civil enforcement action against Mosaic Exchange Limited , a Pennsylvania-based firm, and its CEO, Sean Michael . The duo is accused of masterminding a deceptive digital asset commodity ploy, manipulating investors, and misappropriating client funds. Based on the complaint, the defendants craftily lured 17 domestic and international individuals, persuading them to invest vast sums, notably in Bitcoin (BTC). Contrary to promises, these funds, earmarked for crypto asset trading on behalf of clients, were allegedly siphoned off for the defendants’ gains. Historical data from February 2019 to June 2021 exposes that the accused provided deceptive information about Mosaic Exchange. They proclaimed Mosaic a formidable cryptocurrency trading hub, boasting significant assets and a proprietary trading algorithm claiming an 82% accuracy rate. Moreover, they tantalized potential investors with alluring profit margins betwe...

PEPE is steady at spot rates, likely because of whale activity. Trackers show that the meme token is up 8% on the last day, stretching gains by 20% in the past week. This suggests that trader sentiment is improving. Lookonchain data on Sep. 29 reveals that PEPE whales have been accumulating .  2 fresh wallets created 3 hrs ago spent a total of $801K to buy 1.08T $PEPE. 0x1f5d spent 335,349 $USDT to buy 456B $PEPE.https://t.co/SwYLyQTpS6 0x0a8f spent 465,839 $USDC to buy 629B $PEPE.https://t.co/YMsNn6h48y pic.twitter.com/MsrXzTeXaS — Lookonchain (@lookonchain) September 29, 2023 You might also like: Breaking: 3AC’s Su Zhu reportedly arrested in Singapore Three major transactions, totaling $1.5 million, were made on Sep. 28 to purchase PEPE. On Sep. 29, two new wallets spent over $800,000 to acquire 1.08 trillion PEPE.  This guy who made $2.34M (38,860x) on $PEPE spent 390 $ETH ($645K) to buy $PEPE again 6 hours ago. And this guy also spent 550 $ETH ($951K) to...

Despite rumors , CommEX, the company that acquired Binance’s Russian business, has denied any connection with Binance.  In a statement, CommEX acknowledges that they have former Binance employees on their team but emphasizes that Binance does not own their company.  CommEX did not disclose the identities of their leaders as they prefer to remain private. You might also like: Binance considers exit from Russia following sanction violations The company also revealed that it took six months to develop the platform, with former Binance employees contributing their experience in product creation and internal processes. The similarity of cultures and values between the two companies played a crucial role in winning Binance’s trust. “Based on the trust in former Binance employees and given our proven technological capabilities, choosing us was not a risk, but the best decision.” CommEX team On Sep. 27, 2023, Binance agreed to sell its Rus...

Tottenham Hotspur is collaborating with Socios.com to unveil an exclusive Spurs Fan Token to enhance fan engagement and offer personalized rewards. Premier League club Tottenham Hotspur is stepping into crypto by announcing a long-term association with Socios.com, the popular blockchain-based fan engagement platform. Spurs are launch ing their exclusive fan token (SPURS) on the Chiliz blockchain after this deal.  The token s, aimed at fans 18 and older, will be an integrated perk for season ticket holders and One Hotspur+ members. Starting October 4, these exclusive token s will be issued—and members of the mentioned communities will receive five free SPURS token s.  Breaking News: #SportFi -> @SpursOfficial joins @socios and launches $SPURS Fan Token on @chiliz chain. Very proud to continue growing this global sports ecosystem, despite market conditions. Our 7th Premier League Fan Token. Spurs Fan Token will have a lot of new features… pic.twitter.com/...

After dominating the European CRYPTOCURRENCY markets, Kraken sets its eyes on the stock and ETF sectors in the U.S. and U.K. Significantly; this marks a first for the platform, which has been crypto-focused for 12 rewarding years. U.S. and U.K. Markets: Kraken’s Next Frontier Kraken unveiled its intent to commence trading in U.S.-listed stocks and ETF s by 2024. Moreover, citing well-informed sources, Bloomberg revealed the trading would occur through “Kraken Securities,” a freshly minted division. While U.K. regulatory permits are ready, Kraken is eagerly awaiting broker-dealer licenses in the U.S., having filed applications with the Financial Industry Regulatory Authority. Hence, once live, eligible Kraken users will experience a unified dashboard. It will showcase crypto, stocks, and ETF s under a consolidated balance. Additionally, this week promises another leap for Kraken with its announcement to introduce a qualified custodian for institutional clientele. T...

Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k. MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01 The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin ( BTC ) and most altcoins sending the total market cap up by 3.1% as at the time of writing. BTC traded above $27k again, benefiting from overall positivity in risk asset markets. With stocks also edging higher following a retreat for yields and oil, two notable performers in crypto were Maker ( MKR ) and THORChain (RUNE). Maker price breaks to highest level since May 2022 Maker ( MKR ) broke higher following this week’s impressive gains, trading to intraday highs of $1,542.90 on Coinbase. Bulls were looking for a fourth consecutive green candle on the daily chart, with 24-hour gains of 6% and weekly uptick of 16%. MKR price has jumped nearly 48% in the past 30 days. Amid the gains is a surge in on-chain activity, particu...

Radix Publishing, the creator of the decentralized ledger platform, has announced the successful conclusion of its much-awaited Babylon mainnet update.  The Babylon update signifies the conclusion of the Olympia period and has been commended by Radix (XRD) as a pivotal milestone with transformative implications for Web3 and the broader DeFi landscape, as per the latest information shared with Finbold on September 28. To implement Scrypto-based smart contracts and a plethora of new technologies and services, including the Radix Mobile Wallet, the Radix Network underwent what has been called a “substantial update” with the Babylon mainnet upgrade . CEO of RDX Works, Piers Ridyard, stated: Cryptocurrency This $3 billion layer-2 treasury is 6x richer than Ethereum Foundation Cryptocurrency US Bitcoin holdings plummet as regulatory uncertainty triggers mass exodus Cryptocurrency Here's how much MicroStrategy is...

An analyst believes BTC could soon be facing huge sell pressure from miners. Data from Glassnode indicated that miner revenue sent to exchanges had reached a new ATH of 315%. BTC’s price was able to climb by 0.56% in the past 24 hours, which left it trading at $26,401.61. One significant challenge currently facing Bitcoin’s (BTC) supply dynamics, which seems to be receiving limited attention, is the escalating selling pressure from miners. According to a post shared on X (formerly Twitter) by analyst Miles Deutscher earlier today, there is a combination of factors contributing to BTC’s dilemma. One of #Bitcoin's biggest supply headwinds right now (that no one is taking about) is the increasing miner sell pressure. ATH hash rates, peak difficulty + rapidly rising energy prices have combined to heavily affect mining profitability. With rewards set to be cut in half via… pic.twitter.com/HlL2nuendj — Miles Deutscher (@milesdeutscher) September 28, 2023 ...

JPMorgan’s Chase Bank banned crypto transactions in the UK, citing a surge in scams targeting its customers. “Fraudsters are increasingly using crypto assets to steal large sums of money from people,” it said in an email to customers seen by InsideBitcoins. “If you’d still like to invest in crypto assets, you can try using a different bank or provider instead – but please be cautious, as you may not be able to get the money back.” The ban, effective from October 16, affects 1.6 million Chase customers in the UK, Reuters reported. The bank launched in the country two years ago. Chase Not The First Bank to Blame Scammers for Limiting Crypto Access Chase is not the first UK lender to restrict users’ access to digital currencies in regard to concerns over their use in online scams. Such moves have been controversial with many saying banks should not decide how people spend their money. In fact, many have argued that this kind of control i...

The Open Network project found itself on a new wave of popularity after the launch of a wallet on Telegram. However, the project’s long and difficult path to success is often overlooked. Since 2020, a fully decentralized Layer 1 blockchain has been developing thanks to a non-profit group of supporters and an independent community of enthusiasts who called themselves the TON Foundation. History of TON The Open Network was created by the Telegram team, and the Gram coin was to become the native token. In 2018, the team began collecting applications for participation in the ICO quite successfully. In the first round alone, the ICO volume reached almost $3 billion. The following year, the TON testnet, a network browser, was launched, and the code for a full node appeared. The launch of the main network was planned no later than November 2019. And it would have happened if the U.S. Securities Commission (SEC) had not intervened. Since investors from the United States took part i...

CoinGecko released an Ethereum Liquid Staking report citing the development in the ETH LSD sector. The report noted that since launch, the leading LSD provider saw withdrawals as high as 400,000 ETH. Moreover, the top 8 Ethereum LSDs have generated an average yield of 4.4% APY since January 2022. Crypto data and analytics platform CoinGecko just released an Ethereum Liquid Staking report for 2023, comprising a detailed overview of Liquid Staking Derivatives (LSDs) after Ethereum’s Beacon chain launch in 2020. While ETH holders could stake their assets after the launch, a minimum of 32 ETH was mandatory to become a validator. Therefore, to encourage staking for individuals with smaller holdings, LSDs were introduced. According to CoinGecko’s report, the Shapella upgrade enabling ETH withdrawals on April 12, observed outflows from major market players including Coinbase and Rocket Pool. Meanwhile, Lido, the leading LSD provider, consistently recorded daily...

Whales often make moves that capture the attention of the entire crypto community. One such intriguing manoeuvre unfolded recently when a prominent whale decided to swap Ethereum (ETH) for Maker (MKR), raising questions about their investment strategy and preferences.  As we delve into this notable shift, we also explore the growing interest among these influential players in DeFi tokens like Borroe.Finance ($ROE). Maker (MKR) accumulation by a whale On September 4, an address under the pseudonym “0x3737” held a substantial crypto portfolio valued at over $20.37 million. While this address engages in trades across various cryptocurrencies, what caught the eye of many was their decision to part with Ethereum (ETH) in favour of Maker (MKR).  A closer examination of the address’s holdings reveals that Ethereum was the cornerstone of their portfolio, representing over 75% of their total assets. With a whopping 10,000 ETH in their posses...

The cryptocurrency market rebounded over the past 24 hours and rose to 0.89%. MKR, LOOM, and 1INCH printed 24-hour gains while LOOM led the market’s rebound with its 16+% gain. Meanwhile, GLMR deviated from the dominant trend in the market and suffered a 1.25% loss. The cryptocurrency market was able to rebound slightly over the past 24 hours. According to CoinMarketCap data, the collective capitalization of the cryptocurrency market rose 0.89% during the past day of trading. Subsequently, the market was valued at around $1.05 trillion at press time. Maker (MKR), 1Inch Network (1INCH), and Loom Network (LOOM) were among the cryptocurrencies that achieved a 24-hour gain. LOOM led the charge with its 16+% gain during this period and may continue to rise in the coming few days to potentially establish a new all-time high (ATH). Meanwhile, MoonBeam (GLMR) was able to make it onto CoinMarketCap’s trending list after it deviated from the overall trend in the cr...

The SEC recently filed an objection to crypto lender Celsius Network’s reorganization plan, citing issues with Celsius’ proposed deal with Coinbase. The deal could involve services at the center of the SEC’s existing lawsuit against Coinbase, the regulator argued. In the September 22nd bankruptcy court filing, the SEC took issue with aspects of the latest Celsius plan revision that remain under seal. The plan apparently includes a distribution services agreement with Coinbase. Also read: Justin Sun Reveals $8 Million ETH Heist on Crypto Exchange HTX Coinbase faces SEC lawsuit over alleged unregistered securities offering The SEC claims the arrangement may have Coinbase providing services deemed unregistered securities in the regulator’s June lawsuit against the exchange. The SEC lawsuit alleges Coinbase unlawfully offered crypto staking rewards and lending products deemed securities. Coinbase CLO Paul Grewal maintains the exchange is “pr...

A handful of countries from the BRICS alliance are cutting ties with the U.S. Treasury by offloading Treasury bonds. BRICS is increasingly looking to diversify its portfolios with gold, local currencies, and other commodities such as oil and gas. The move is a hedge against U.S. economic policies that will narrow down the dollar’s ability to fund its deficit. Recent data from the U.S. Treasury Department shows that BRICS dumped $18.9 billion in U.S. Treasury bonds just this month. Also Read: What Should The U.S. Do to Counter BRICS ? BRICS Offload $122.7 Billion in U.S. Treasuries Source: Tutwa Consulting Group In 2023, BRICS offloaded $122.7 billion in U.S. Treasury bonds and is staying away from the government’s debt. BRICS member China is the highest, as it offloaded $117.4 billion worth of U.S. government debt this year. Between June and July, China reduced its holdings from $835.4 billion to $821.8 billion, a decline of $13.6 billion. Also Read: BRICS : S...

Shiba Inu’s (SHIB) price has struggled to gain momentum in 2023, despite the project launching its highly anticipated layer-2 network, Shibarium. Many expected SHIB to burst into a rally and delete a few zeros, but that did not happen. Instead, SHIB has been on a downward trajectory for most of the year. Moreover, a report by Telegaon suggested that it will take decades for SHIB to delete all its zeros and reach $1. Also Read: Shiba Inu: These Investors Earned Billions, Here’s What Happened As per the report, Shiba Inu (SHIB) could reach a maximum price of $0.0000316 in 2023. By 2027, the token could delete two additional zeros and achieve a maximum price of around $0.000198. However, the report mentioned that it would take another 13 years for SHIB to delete two more zeros. The report predicted that SHIB will attain a price of $0.076 by 2040. And lastly, SHIB could attain its $1 goal sometime in 2050, 27 years from now. How will Shiba Inu reach the $1 level? Source: ne...