China News Official TheBitTimes.com

Also Read: Binance CEO CZ Supports Pro-Crypto Ron DeSantis For President advertisement Harvey Pitt No More According to a Reuters report, Pitt died on May 30, 2023, while the cause of his death are yet to be known. Speaking to CNBC in the wake of the FTX collapse in late 2022, Pitt said there was a need for a comprehensive crypto specific policy that lays out rules for crypto trade in the country. Pitt, who had worked as the regulatory agency’s 26th chairman, said regulating crypto was a national issue but not a political concern. Also Read: Binance CEO “CZ” Discusses UAE Plans, Bitcoin Mining, Meme Coins In AMA Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 ...

Investors as expected are liquidating their holdings as a result of BTC price closing the month 8% lower for the first time this year. Bitcoin price rallied 85% this year, but the rally started fading in mid-April and even dropped below the key 200-WMA level. advertisement Ethereum, despite showing strength, remains under pressure due to Bitcoin being stuck in a range for weeks and the debt ceiling deal. Whales and institutional investors are bullish on Bitcoin and Ethereum, but a short-term fall is expected as the debt ceiling deal will push US Treasury Dept. to issue T-bill that will pull out US dollar liquidity. Also Read: Binance Expands Support For Cardano (ADA) And Litecoin (LTC) Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Bes...

James Seyffart, an ETF Research Analyst for Bloomberg Intelligence, believes that a victory for Grayscale Investments in its ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC) may not necessarily allow the firm to start issuing spot Bitcoin exchange-traded funds (ETF) after converting existing Grayscale Bitcoin Trust (GBTC) shares. Seyffart recently appeared in a podcast hosted by What Bitcoin Did. The Bloomberg analyst shared his take on the ongoing legal battle between the Digital Currency Group’s subsidiary and the top securities regulator in the United States. The lawsuit was filed in June 2022 after the SEC rejected Grayscale’s application to convert GBTC to a spot Bitcoin ETF. The analyst indicated that there was a high likelihood of the SEC losing the lawsuit. The prediction was in line with a Bloomberg memo that Seyffart had contributed to earlier this year. The memo, penned by Bloomberg’s Senior Litigation Analyst Elliot Stein, noted that the...

Shiba Inu, the second largest meme coin , has established itself as a prominent presence in the cryptocurrency world. The team behind SHIB has consistently demonstrated their commitment to its development, as evidenced by initiatives like the Shiba Inu Burn program. Also read: Russia to Use Crypto Exchanges to Settle Cross-Border Transactions The Shiba Inu burn rate has gained a reputation for its fluctuating nature. Some days witness substantial increases, while others see a decline. Despite this variability, the burn rate has remained relatively steady in recent days, with billions of SHIB tokens being burned daily. Notably, there has been a 37541% spike in the burn rate in the last 24 hours. Source: Shibburn Over 3.8 billion Shiba Inu burned According to the details from Shibburn, the burn rate has soared by over 37541% in the last 24 hours. During this period, 3.82 billion SHIB were sent to dead wallets. One notable transaction that happened 21 hours ago sent 200 mil...

As of press time, Bitcoin (BTC) is trading 3.5% up at a price of $28,053 and a market cap of $542 billion. Along with BTC, Ether (ETH) and other top-performing altcoins have also shown a strong move gaining over 3% recently. advertisement The probability of the deal of raising the debt ceiling between President Joe Biden and House Speaker Kevin McCarthy, has served as a catalyst to the global market. However, the agreement still has to clear through the US Congress very soon in order to avoid any potential default. Also, the surge in Treasury Yields as well as the bets on US monetary tightening are also some of the potential headwinds ahead. Speaking to Bloomberg on the current development, John Toro, head of trading at digital-asset exchange Independent Reserve said: “This morning’s positive risk sentiment directly relates to the resolution of the debt-ceiling impasse. Front-end funding costs remain highly elevated relative to crypto returns, re...

The crypto market leader, Bitcoin (BTC) earned itself a spot on CoinMarketCap’s trending list after a 0.91% price increase over the past 24 hours. As a result, BTC was worth about $26,725.02 at press time. Despite BTC’s positive performance throughout the past day, it was not enough to flip the crypto’s weekly or monthly performances back into the green. BTC was down 0.56% over the past seven days, and experienced losses of more than 7% over the past month. BTC performance was also not enough for it to strengthen against its biggest competitor, Ethereum (ETH). At press time, BTC was down against the altcoin leader by about 0.02%. 4-hour chart for BTC/USD (Source: TradingView) A bullish technical flag was on the verge of triggering on BTC’s 4-hour chart, as the 9 EMA line was looking to cross above the 20 EMA line. Should this cross happen, the leading crypto’s price could finally flip the resistance level at $26,850 into support. This will then clear a path for...

Bitcoin Core Version 25.0 Released One significant change in Bitcoin Core version 25.0 is the relaxation of restrictions on non-witness transactions of 65 bytes and above. The mempool and relay policy now allow these transactions, providing a more accurate representation of the protections against CVE-2017-12842, a vulnerability discovered in an earlier version of Bitcoin Core. Furthermore, this adjustment opens up additional possibilities for smaller transaction sizes and facilitates more efficient use of the Bitcoin network. advertisement Read More: Thailand Grants Digital Asset License To Binance Exchange Bitcoin Core plays a critical role in determining the validity of transactions and which blockchain should be recognized as the authoritative Bitcoin chain. Users of Bitcoin Core only accept transactions that adhere to the rules of the selected blockchain, making it the preferred choice for the broader Bitcoin community. To stay up to date with the la...