Cryptocurrency News Today TheBitTimes.com

Dogecoin (DOGE) has garnered quite a following over the last decade. The original memecoin has attained a cult-like status within the crypto space and the larger online community. DOGE’s incredible success has led to the asset finding fans in tech moguls like Elon Musk. Why Elon Musk’s Favorite Crypto, Dogecoin, May Surge in 2025 Source: The Indian Express Musk has publicly stated that Dogecoin (DOGE) is his favorite crypto project. The world’s richest person has cited the project’s non-serious nature as one of his reasons for liking the cryptocurrency. Musk has gone as far as to enable DOGE payments for Tesla and SpaceX merchandise. Also Read: Elon Musk’s xAI Joins Telegram in $300M Grok Partnership We already know that a DOGE ETF application is currently awaiting approval at the SEC. There is a high chance that the financial watchdog will greenlight a spot DOGE ETF sometime this year. There is also a high chance that Musk’s X social media platform will ac...

Ripple (XRP) is one of the leading cryptocurrency tokens to exist today. The token has faced a great deal of resistance to pave a path that seems inspirational for many reasons. XRP is now a part of an emerging crypto ETF narrative, which is set to deliver new price heights and identity to the token. If that was not it, the token’s stablecoin RLUSD is also gaining rapid mainstream momentum now that the US government continues to shift its focus towards the stablecoin domain. What if the US government ends up adopting RLUSD officially as its leading financial option? Will that help XRP to claim and breach ambitious price levels? Let’s find out. Also Read: Microsoft (MSFT) and OpenAI Cut Revenue Sharing: Partnership in Trouble? Ripple’s RLUSD Stablecoin Breaching New Frontiers Source: Watcher Guru Ripple (XRP) is currently gaining rapid momentum in the cryptocurrency domain due to a variety of reasons. Firstly, the token is part of the ETF race, awaiting approvals from the US ...

Elon Musk’s X social media platform will launch a new payment feature. While many are speculating that Dogecoin (DOGE) will appear in the new feature, others wonder if DOGE’s rival, Shiba Inu (SHIB), will also be included. Also Read: Shiba Inu (SHIB) &, Dogecoin (DOGE) Price Prediction For September End 2024 Will SHIB Be Included On Elon Musk’s X? Source: Twitter Shiba Inu (SHIB) And Its Market Position Shiba Inu (SHIB), DOGE’s primary rival, is one of the most popular cryptocurrencies in the market. DOGE has the advantage of being the first meme coin, but SHIB has impacted its four-year history. Elon Musk’s Support For Dogecoin (DOGE) Many assume that DOGE will be included in X’s payment feature, given that Elon Musk is an avid fan of the meme coin. Musk has showered support for the coin on various instances and enabled DOGE payments for Tesla merchandise. Also Read: Best Crypto Exchanges in Colombia Musk’s Space X program is also working on a ...

Want to keep on top of all the crucial happenings in crypto? Cointelegraph has a new daily podcast that provides a rundown of what you need to know in under 15 minutes! Looking for a way to get all the crypto news you need each day from the best source on the net? Then look no further! Hosted by Robert Baggs, Rise ’n’ Crypto is a daily podcast covering the most recent and important news, insights and stories without the fluff or rambling. Every morning at 9:00 am Eastern Time, while you sip your coffee, commute to work, or as you go about your day, you can get a rundown of everything you need to know about from the wild world of crypto. Long-form, deep-diving podcast s are useful, but sometimes you just want a concise recap of what’s important right now — and that’s what Rise ‘n’ Crypto will do. Cointelegraph provides 24/7 news coverage from every time zone, with unbiased insights and a wealth of research and data. Baggs will distill that deluge of information into what is essential...

Bitcoin mining analyst Jaran Mellerud said there are “better-priced opportunities” that could even out the valuation discrepancies between the mining stocks. Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud. The key metric backing Mellerud's claim is enterprise value-to-sales ratio — measuring a company's value to its sales revenue. The higher the ratio, the more overvalued a company is. The miners with the highest EV/S ratios are Cipher at 7.8, Marathon and Iris Energy each at 5.6 and Riot at 5.5, according to a Nov. 3 report by Mellerud. Mining stocks valuation in terms of EV-to-Sales ratio. Source: MinerMetrics Mellerud attributed the heavyweight’s high EV/S ratios to receiving more institutional attention from the likes of BlackRock. “These companies have historically been favored among institutional investors lik...

Blockchain-based games platform says it has chosen Amazon Web Services to support for successful deal closures. Immutable, a web3 game development platform, is expanding its strategic partnerships list to accelerate mainstream adoption of video games built on the Ethereum blockchain. In a blog post on Oct. 11, the Sydney-based firm said it partnered with Amazon Web Services (AWS) to make it easier for game developers to launch products on blockchain networks. “AWS is supercharging Immutable’s development by onboarding new game studios, and providing them with resources through our flagship AWS Activate startup program and AWS’s ISV Accelerate Program, which give them the tools to accelerate their global launch.” John Kearney, head of startups at AWS, Australia and New Zealand With AWS, Immutable wants to scale its upcoming offerings, such as Immutable zkEVM, a gaming chain built on Ethereum (ETH) that allows game developers to introduce customized digital owne...

Despite the rapid development of the cryptocurrency market, experts believe a lack of simple investment tools, particularly index investing, are holding back beginner investors. Investing has always been an important tool for boosting financial success, especially as inflation increases, and it becomes harder for people around the world to make ends meet. By adopting even a beginner investment strategy, many have found a solution to stay ahead of rising costs and build their wealth over time. Now, with the introduction of the cryptocurrency market, some investors have shown just how life-changing a small investment can make, as larger fluctuations generate higher profits and 24/7 operation times pave the way to a level of flexibility and convenience for those that work a nine-to-five job. Moreover, the barriers to entry are also reduced, as altcoins and fractional ownership enable people of all income levels to participate. With the potential for high returns, cryptocurrency investmen...

Crunchbase partners with AllianceBlock to make business data more accessible to blockchain businesses and developers. AllianceBlock, a decentralized finance solutions provider, has partnered with Crunchbase, a prospecting platform, to make its data available to Data Tunnel users. This partnership will make Crunchbase’s business Data more accessible to Blockchain businesses and developers, allowing them to create applications such as default probability models, customer acquisition profiles, maps of untapped markets and more. Crunchbase’s content includes investment and funding information, founding members and individuals in leadership positions, mergers and acquisitions, news and industry trends. The Data Tunnel serves as a platform for both conventional institutions and individuals, who typically rely on multiple sources of information to make well-informed decisions pertaining to their assets. With Data Tunnel, they can share, study and combine information without a middleman. The...

With the rising popularity of Web3 and the metaverse, songwriters and musicians are wondering what music licensing will look like in this new space. The term “metaverse” is becoming increasingly common, but while many people have likely heard it used, they often don’t know what it means.  It can be difficult to explain the term to someone outside the Web3 space, as the metaverse is still relatively new and evolving. The most important thing to know is that it has the potential to revolutionize the internet and how people live, work and play. The metaverse is a new frontier of innovation and creativity, centered a great deal around media, which should come as no surprise since many Web2 apps are as well, especially music. There are entire social media platforms dedicated to sharing music, and those that aren’t have incorporated music in other ways. While this has increased awareness about music licensing in digital spaces, it has also highlighted that some systems in place are outdate...

MetaMask Institutional has introduced a new staking marketplace to give institutional users access to solo Ethereum staking. MetaMask Institutional is set to be an avenue for the creation of new Ethereum (ETH) validators after announcing a new staking marketplace for its institutional clients. Institutions that make use of MetaMask’s institutional-grade wallet and custody service will be able to manage ETH staking through four vendors, including ConsenSys Staking, Allnodes, Blockdaemon and Kiln. The marketplace aims to simplify access and management of solo staking, allowing institutions to become Ethereum network validators. MetaMask Institutional (MMI) has been live since October 2021, providing a platform that offers a wider set of controls and functionality more suited to organizations and businesses. As Cointelegraph previously explored, MetaMask’s retail wallet was no longer suited for users or institutions that were managing millions of dollars in cryptocurrencies. The service’...

The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more. What is the Howey test? The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law. The test was established by the U.S. Supreme Court in SEC v. W.J. Howey Co. (1946), and it has since been applied in numerous cases to determine whether various financial arrangements and offerings constitute securities.  According to the Howey test, a transaction must contain an investment of funds in a group venture with the expectation that all gains will come from group efforts. A transaction is deemed a security if it satisfies these requirements, in which case it is subject to federal securities laws and regulations. Understanding the criteria for a security The test involves three key criteria that must be met in order for a transaction to qualify as a security, as di...

The game aggregator will allow users to link their Web3 wallets to various games through crypto wallet provider MetaMask. HyperPlay, a Web3-native game launch er with a built -in crypto wallet , has announced its early access launch , according to a Mar. 1 announcement from the developer. The online game launcher was built in collaboration with crypto wallet provider MetaMask, aimed at integrating players' crypto wallets with game libraries such as Epic Games Store, GOG (formerly Good Old Games), and its own HyperPlay Store.  The new platform, founded by former Metamask operations lead, JacobC.eth, doesn’t charge developers any commissions and instead plans to rely on crypto services such as swaps and bridges to monetize the platform. Today, we’re excited to celebrate the early access alpha launch of https://t.co/tXbk7iBEWb, a game launcher that brings Web3 wallets into native games. We aggregate the @EpicGames store, @GOGcom, and our own store to overlay @MetaMask into game exper...

Saudi Arabia's central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases. The Saudi Central Bank (SAMA) is ramping up its research into Central Bank Digital Currencies (CBDCs) but is yet to announce a deployment . In a Jan. 23 bulletin, the bank stated it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs.” However, it confirmed there had been no final decision to launch such a digital currency in the Middle Eastern nation. “SAMA stresses that although no decision has been made regarding the introduction of CBDC in the Kingdom, it continues to focus on exploring the benefits and potential risks of implementing CBDC.” SAMA is researching several aspects of a state-issued digital currency including economic impact, market readiness, and the applications of a CBDC-based payment solution. It also intends to review policy, legal, and...

After recently completing its first payment transactions using a CBDC, the central bank is pushing ahead with more tests over 2023. The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank Digital Currency (CBDC), the Digital Turkish Lira, and has signaled plans to continue testing throughout 2023.  According to a statement released by the CBRT on Dec. 29, the central bank authority said it successfully executed its “first payment transactions” using the digital Lira. It said it will continue to run limited, closed circuit pilot tests with technology stakeholders in the first quarter of 2023, before expanding it to include selected banks and financial technology companies in the rest of the year. Press Release on the Use of Digital Turkish Lira: https://t.co/48ulWfJqXw — CentralBankofTürkiye (@CentralBank_TR) December 29, 2022 It said the results of these tests will be shared with the public through a “comprehensive evaluation report...

Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year. From an outside perspective, 2022 has been a rollercoaster ride for crypto. The market reached a total valuation of $3 trillion during the bull market of 2021, only to scale back to its current level of around $810 billion. While this poor performance can be partly attributed to the pervading macroeconomic environment — compounded by rising inflation rates and the ongoing Ukraine-Russia conflict, among other factors — one cannot deny the role that the recent slew of insolvencies has had on the sector.  That said, below is a list of arguably the most notable heroes and villains who have undeniably impacted this rapidly evolving industry over the past year. The heroes Changpeng Zhao At a time when some of the biggest players in crypto crumbled, Changpeng Zhao, also known as “CZ,” ensured that his Binance crypto exchange held its own, even playing a role in the col...