China News Official TheBitTimes.com

Data from IntoTheBlock shows a growing momentum on the Base network. Base recently recorded 1.4 million daily transactions, closing in on previous ATH. The original record of 1.42 million daily transactions was set on August 21, 2023. Data from IntoTheBlock, the famous market intelligence platform, shows a growing momentum on the Base network. The analytics platform posted on the X app (Twitter) that Base recently recorded a 1.4 million daily trans action s figure, closing in on a previous record of 1.42 million trans action s in one day. The original record was set on August 21, 2023. Momentum is building in the Base network! Yesterday, Base registered 1.4M trans action s, inching closer to surpassing the August 21 record of 1.42M. Are we on the verge of a new milestone? Stay updated with the latest data: https://t.co/0mgvo8yI0P pic.twitter.com/gTWAfgQwZU — IntoTheBlock (@intotheblock) September 14, 2023 IntoTheBlock alerted the crypto community t...

Tether, the company that issues USDT, has announced that a court in New York has dismissed a class action lawsuit that was filed against them and Bitfinex. The order was issued by US District Court Judge Laura Talyor Swain in response to the lawsuit brought by Matthew Anderson and Shawn Dolifika.  Paolo Ardoino, the CTO of Tether and Bitfinex, also confirmed the news on X, formerly Twitter.  It's a good Friday.#Tether and @Bitfinex Win Comprehensive Legal Victory as U.S. District Court Dismisses Class Action Lawsuit The Court correctly held that plaintiffs’ complaint lacked any “plausible allegations of injury” because it includes no facts showing that “USDT had a… — Paolo Ardoino (@paoloardoino) August 4, 2023 In 2021, Anderson and Dolifika took legal action against Tether and Bitfinex, alleging that they deceived USDT users about the coin’s reserves. They argued that Tether’s reserves were not solely in USD but were a combination...

BTC’s price range is tightening in preparation for a potential range expansion. Meanwhile, XMR, TON, TWT and AXS are maintaining their bullish momentum. The relief rally in the United States equities markets took a breather this week as all major averages closed in the red. Traders seem to have booked profits before the busy economic calendar next week. The S&P 500 index dropped 3.37%, but a minor positive for the cryptocurrency markets is that Bitcoin (BTC) has not followed the equities markets lower. This suggests that crypto traders are not panicking and dumping their positions with every downtick in equities. Crypto market data daily view. Source: Coin360 The range-bound action in Bitcoin suggests that traders are avoiding large bets before the Federal Reserve’s rate hike decision on Dec. 14. However, that has not stopped the action in select altcoins, which are showing promise in the near term. Let’s look at the charts of Bitcoin and select altcoins and spot the critical ...