Features News Official TheBitTimes.com

3 key data points highlight the 60-day strength shown by altcoins. A wave of green has washed across the entire crypto market , and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived.  Altcoin season, or ‘altseason’ as the crypto bros say, typically measures the rallying of altcoins and a positive market capitalization increase of the total altcoin market cap. Let’s take a look at some key indicators that market participants use to determine whether or not an altcoin season has emerged. Total crypto market capitalization hits a 14-month high The total crypto market cap recently hit a 14-month high, clearly reflecting the current bullish momentum. Crypto total market cap broke out to its highest levels in over 14 months. pic.twitter.com/0c6CPxDSfQ — TradingView (@tradingview) November 6, 2023 Similar strength is seen in the total altcoin market capitalization chart (TOTAL2). The met...

In an unexpected turn of events, Bitcoin, the world’s leading crypto currency, has mounted a significant comeback. It rekindled optimism within the crypto currency market. On Oct. 23, Bitcoin orchestrated its most substantial single-day rally in over a year, briefly breaching the $35,000 threshold. This sudden surge in value was triggered by enthusiastic responses from traders. This was following reports of BlackRock’s iShares Bitcoin ETF (IBTC) making its debut on the Depository Trust & Clearing Corporation (DTCC) website. The news of IBTC’s listing on the DTCC website injected a fresh wave of enthusiasm into the cryptocurrency space, reinforcing Bitcoin’s resilience and its capacity to elicit excitement in the market. Bitcoin’s resurgence has also fueled discussions about its future trajectory. According to experienced trader and analyst Peter Brandt, Bitcoin may be on a course to achieve new all-time highs. However, this feat will come to be by t...

Bitcoin (BTC) ATMs have become both a convenience and a concern, with scammers exploiting unsuspecting victims. Authorities in the U.S. and other jurisdictions are now waging war against crypto ATM-based scams. California takes a stand with new crypto laws California has introduced rules for cryptocurrency transactions. Senate Bill 401, signed by Governor Gavin Newsom, means you can only do $1,000 worth of cryptocurrency transactions at ATMs each day, and starting in 2025, the most they can charge you is $5 or 15% of the transaction, whichever is higher.  Initially, some Bitcoin ATMs allowed up to $50,000 in transactions with fees between 12% and 25% above the digital asset’s value. These changes are meant to protect people from scams and high fees, as explained by Senator Monique Limón, one of the co-authors.  Scammers exploiting the convenience of Bitcoin ATMs have been a growing concern, with the Federal Trade Commission reporting over 46,000 people losing over $...

The entire industry as well as several prominent firms have been betting big on Bitcoin’s spot exchange-traded funds [ETF]. Interest in Bitcoin spot ETFs has surged to unprecedented levels. It is evidenced by a global Google search volume for “spot Bitcoin ETF” that is nearing a five-year high of 100. This surge in online searches is a clear indicator of the growing public fascination with these investment vehicles. It also reflects increased awareness and a surge in participation. Source Similarly, the term “ Bitcoin ETF ” has experienced a notable resurgence. It reached a value of 39, the highest level since the introduction of ProShares’ futures-based ETF two years ago. This heightened search activity underscores the rising interest not only among retail investors but also among institutional players who are actively seeking information about Bitcoin spot ETFs and their potential impact on the crypto currency market. Market participants are gro...

A popular crypto YouTuber known as Crypto Banter recently discussed how potentially fake news around a Bitcoin spot ETF approval caused a pump and dump in the Bitcoin price. In a video posted on Oct. 16th, the host explained that news circulated early in the day that the SEC had approved a Bitcoin spot ETF by BlackRock. This news caused the Bitcoin price to surge dramatically from around $28,500 to briefly over $30,000. However, the host revealed that the news turned out to be fake. BlackRock confirmed they did not have a Bitcoin ETF approved. The original source of the false news, Cointelegraph, later retracted and edited their story. You might also like: BTC prices surges on false rumors of Bitcoin ETF approval The host suggested this was a deliberate attempt at market manipulation . The fake news allowed large Bitcoin shorts to be liquidated when the price spiked suddenly. It also drew in new buyers who believed the ETF news was real. After the truth came out, the ...

FCF Pay’s X account has been suspended amid circulating misreporting about its “partnership” with Honda, which has never happened. Major automobile manufacturer Honda does not accept cryptocurrency payment s directly but one can use cryptocurrencies like Bitcoin (BTC) to buy a Honda car through a third party . In early October, several publications mistakenly reported that Honda started accepting cryptocurrency as payment. But Honda doesn’t allow one to purchase its cars in exchange for crypto, a spokesperson for the firm told Cointelegraph, stating: “American Honda does not accept cryptocurrency as payment. The recent reports regarding a change to this policy are incorrect.” Honda didn’t respond to additional questions on its stance on crypto or whether the company is planning to integrate cryptocurrency payment s in the future. While direct crypto payments for Honda automobiles aren’t available, one can still use cryptocurrency payment platforms like FCF Pay to buy a Honda car. Acco...

ARK Invest and 21Shares have amended their filing for a bitcoin exchange-traded fund (ETF). Experts consider it a sign of working jointly with the U.S. SEC. The amendment, filed on Oct. 11, provides more details on the proposed ETF, including its name, ticker symbol, fee structure, and custodian. The document now has five pages added — allegedly, following the the Securities and Exchange Commission (SEC) comments. ETF analyst at Bloomberg Erich Balchunas calls the amendment of the ETF a sign of good progress . There's 5 extra pages in new S-1 but the new stuff is sprinkled throughout like the two above egs. So what does this mean? It means ARK got the SEC's comments and has dealt with them all, and now put ball back in SEC's court. IMO good sign, solid progress . — Eric Balchunas (@EricBalchunas) October 11, 2023 Ark Invest and 21Shares ETF According to the filing , the ETF will be called the ARK 21Shares Bitcoin ETF. It will trade under the symbol ARKB on the...

A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange. Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years , with around 6.6 million routed transactions in August, a significant jump compared to August 2021’s 503,000 transitions, according to data from the Bitcoin (BTC)-only exchange River. In an Oct. 10 report, River research analyst Sam Wouters explained the jump in routed transactions — which use more than two nodes to facilitate a transfer — came despite a 44% fall in Bitcoin’s price and considerably less online search interest. “‘Nobody is using Lightning’ should now be a dead meme,” Wouters said in an Oct. 10 follow-up X (Twitter) post, taking a shot at Lightning critics. “Nobody is using Lightning” should now be a dead meme. Launching a new #Bitcoin report from @River: How the Lightning Network grew by 1212% in 2 years It’s time to pay attention to ...

How to Change the Bitcoin Address on the Cash App: A Guide In recent years, Bitcoin has become increasingly popular as a digital currency, and Cash App has emerged as a convenient platform for buying, selling, and storing crypto currencies. If you’re new to Cash App or unsure how to change your Bitcoin wallet address, this comprehensive guide will walk you through the process step-by-step. Whether you want to complete Bitcoin wallet verification, obtain a new Cash App Bitcoin wallet address, or even change your existing address, we’ll cover all the essential information you need. Also read: What Bank Does the Cash App Use? Source: Best Market Understanding Bitcoin Wallet Addresses Before we dive into changing your Bitcoin wallet address on the Cash App, let’s first understand what a wallet address is. A Bitcoin wallet address is a unique identifier that allows you to send and receive Bitcoin securely. It consists of a combination of letters and numbers...

The financial details of the deal remain undisclosed, however as a full exit from Russia, Binance will have no ongoing revenue split, nor any option to buy back shares, the companies said. Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to the cryptocurrency exchange platform known as CommEX. Binance has entered into an agreement to sell the entirety of its Russia business to CommEX, the firm said in an announcement to Cointelegraph on Sept. 27. To ensure a smooth process for existing Russian users, the off-boarding process will take up to one year, the announcement reads. “All assets of existing Russian users are safe and securely protected,” Binance noted. “As we look toward the future, we recognise that operating in Russia is not compatible with Binance's compliance strategy,” Binance’s chief compliance officer Noah Perlman said, adding: “We remain confident in the long-term growth of the web3 industry around the world and will focus ...

Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk” on the Bitcoin network as that of BRC-20 tokens. The inventor of Bitcoin Ordinals is proposing a new Bitcoin-based fungible token protocol as a potential alternative to the BRC-20 token standard. The BRC-20 standard was launched in March by an anonymous developer “Domo.” Within two months, the BRC-20 market cap reached $1 billion, with PEPE and ORDI among the most notable BRC-20 tokens created on Bitcoin. New terrible idea just dropped: Runes. A worse-is-better fungible token protocol for Bitcoin.https://t.co/TPVrUvWxm8 — Casey (@rodarmor) September 25, 2023 BRC-20 enables the minting and transfer of fungible tokens via the Ordinals protocol on Bitcoin. But the issue with BRC-20 tokens is that they spam Bitcoin with “junk” Unspent Transaction Outputs or UTXOs, argued Rodarmor. BRC-20 tokens have the “undesirable consequence of UTXO proliferation,” he explained in a...

Cointelegraph’s latest documentary takes viewers to Cuba, the land of classic cars, communism, hyperinflation and Bitcoin. Cuba, a country known for its unique blend of rich history, vibrant culture and political isolation, is the focus of Cointelegraph’s latest on-the-ground documentary. The Truth Behind Cuba’s Bitcoin Revolution  explores Bitcoin’s (BTC) impact in one of the world’s last remaining communist states.  The documentary provides a firsthand account of how Cubans are using Bitcoin to navigate challenging economic circumstances, attract new businesses and save money in a censorship-heavy environment. Journalist and Bitcoin enthusiast Joe Hall embarked on the journey to Cuba, determined to witness and capture the “Bitcoin revolution” that gained prominence in Alex Gladstein’s book Check Your Financial Privilege . Gladstein explains how Cubans have harnessed Bitcoin’s stateless, low-fee nature to escape financial oppression and secure their savings. The documentary explores ...

Bitcoin reckons with $26,000 with BTC price action at a crucial decision point heading into the first week of September. Bitcoin (BTC) launches its first full week of September with BTC price action at a crossroads — can $26,000 return? After a quiet weekend, the dust has appeared to settle on last week’s volatility as crypto markets return to “business as usual.” Bitcoin finds itself lingering in familiar territory, but without a trend, traders and analysts remain undecided as to its next moves. There is certainly no shortage of downside BTC price predictions — $25,000, $24,750 and even $23,000 have all become popular targets in recent weeks. Bulls, on the other hand, are thought to have a more difficult task on their hands in winning back market momentum. WIth network fundamentals due to consolidate recent gains of their own and macro markets quiet, the question as to whether September 2023 will be a classic month of single-digit losses for BTC/USD is now a talking point. Cointelegr...

Also Read: US SEC Commissioners Not Happy Over Impact Theory NFT Charges advertisement Strong Bitcoin Supporter Suarez has been very vocal about his support for Bitcoin , and it was evident as he accepted donations in Bitcoin for his Presidential Campaign, making him one of the first few to support the oldest cryptocurrency openly. He was also equally vocal about his dislike for CBDCs and publicly against the development of CBDCs. In 2021, he made news by stating he would receive his entire paycheck in Bitcoin . He positioned himself as a proponent of blockchain technology and its potential to bridge the wealth gap. According to him, cryptocurrencies offer democratizing opportunities for wealth creation; This aligned with his broader theme of inclusive prosperity aimed towards uplifting Hispanic communities. What Led To Francis Suarez Exit From Presidential Candidacy? Despite making a strong case for a competitive candidate, Suarez did not meet the qua...

Bitcoin (BTC) Risk as Spotted by Expert Commenting on real risk impacting the performance of Bitcoin , Bloomberg Intelligence Senior Macro Strategist, Mike McGlone said the ‘It Went Up, So Will Keep Going Up’ risks in Bitcoin might be placing the premier coin under undue pressure. advertisement Since the asset went mainstream, the Strategist noted that there have been “lessons of high-performing, widely hyped assets show price reversion may be the greater risk” for the cryptocurrency now that many members of the public are jumping on board. 'It Went Up, So Will Keep Going Up' Risks in Bitcoin – The lessons of high-performing, widely hyped assets show price reversion may be the greater risk once the masses jump on board. # Bitcoin at about $26,000 on Aug. 28 is slightly below the end of 2020, similar to… pic.twitter.com/3UdAbpLNLe — Mike McGlone (@mikemcglone11) August 28, 2023 Recommended Articles ...