Features News TheBitTimes.com

While history shows September isn't usually great for Bitcoin, analysts urged investors to look to mid-October. Bitcoin investors may be in for a rollercoaster ride. While history shows September is typically a bumpy month for Bitcoin — two ETF analysts have suggested investors turn their gaze to mid-October as the next "major days to watch ." According to historical data, Bitcoin’s monthly returns have closed in the red at the end of September nine times over the course of the last 13 years. Popular crypto analyst Will Clemente informed his 689,000 X followers that September has had the “least number of positive-returning months” and is on a six-year negative-returning streak. Bitcoin's returns broken down by months September has had the least number of positive-returning months at just two and is on a 6-year negative-returning streak. pic.twitter.com/4VqZkMubm3 — Will Clemente (@WClementeIII) August 31, 2023 There are a number of other factors that point to a bu

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase CEO Brian Armstrong shared his top 10 ideas for startups he would build today with his first choice a flatcoin that is decentralized and resistant to censorship. The decentralized currency would track consumer prices to preserve purchasing power and be backed by a basket of assets that track the consumer price index, he said. Armstrong’s remarks were in a blog ahead of the Coinbase Ventures Summit, which brings top builders together to discuss innovative ideas that will transform the industry. The  summit takes place in Los Angeles in October. Here are some of Armstrong’s other ideas: The second-best idea is a feature that grants on-chain reputation, assigning a reputation score to every address or ENS name. Such an offering would be similar to PageRank scoring each website depending on the incoming links and metadata, he said. The on-chain scores can be used in lending, fraud prevention, or aird

Join Our Telegram channel to stay up to date on breaking news coverage Republican Presidential candidate Vivek Ramaswamy slammed US regulators and praised Grayscale Investments’ landmark legal win over the Securities and Exchange Commission (SEC), saying it will help prevent Bitcoin and blockchain innovation from mig rating overseas. “This should have never reached the courts in the first place,” he tweeted. “The shadow government in D.C. is out of control & the federal courts are our *only* remaining line of defense against the unlawful rogue behaviors of 3-letter government agencies.” The U.S. Court of Appeals for the District of Columbia Circuit ruled on Aug. 29 that the SEC’s earlier decision to reject Grayscale’s application to convert Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF listed on the New York Stock Exchange’s Arca market was “arbitrary and capricious.” It agreed that Grayscale’s proposed Bitcoin ETF was “materially similar” to Bitcoin futures exch

Cointelegraph also spoke to developers purportedly behind a new PEPE token spin-off, who claim the new one is everything "the old Pepe token should have been." The biggest new memecoin of 2023, Pepe (PEPE) suffered one of the worst possible fates that can befall a new crypto asset; a partial rug pull — after its anonymous developers abruptly sold nearly $16 million worth of the token on Aug. 24.  The official Pepe X (formerly known as Twitter) account explained the drop was due to “three ex-team members” going behind their back and selling the tokens without their knowledge — a move that saw the price of Pepe plummet as much as 26% in the days following, without much respite.  an announcement to the $PEPE community: Yesterday on August 24th, 2023, a series of unexpected transactions took place from the $PEPE multisig CEX Wallet in which ~16 Trillion $PEPE tokens (worth roughly $15m USD) were transferred to various crypto exchanges (OKX, Binance,… pic.twitter.com/iZmXV1TAvw —

Also Read: Robinhood Wallet Now Supports Bitcoin , Dogecoin; Ethereum Swaps Enabled advertisement While the announcement on the hearings do not explicitly suggest a focus on the crypto market news, it could well be the dominant part of the US Senate and House committee hearings. Interestingly, this time around Gensler would also have to face questions on the SEC’s plans to approve the spot Bitcoin ETF filings from Blackrock, Ark Invest, Fidelity, Bitwise and others. Gary Gensler To Testify Before Two Congress Panels According to a scoop from Fox Business journalist Eleanor Terrett, the US SEC Chair had agreed to testify before the U.S. Senate Banking Committee GOP as well as the U.S. House Committee on Financial Services Republicans in two separate hearings scheduled in September 2023. Following the Grayscale victory in the lawsuit against the US SEC, the onus is now on the agency to clarify on its timeline for potential approval of the spot Bitcoin ETF

On-chain trackers have highlighted multiple whale transfers involving hundreds of millions of XRP. A wallet associated with Ripple transferred 31 million XRP worth $16.5 million to an unknown wallet. The whale transfers came just a day after Grayscale won its lawsuit against the SEC. On-chain transaction trackers recently reported two whale transfers involving hundreds of millions of XRP. Interestingly, one of the transfers, involving 31 million XRP, was initiated from a wallet associated with Ripple. The whale transfers come barely a day after Grayscale won its lawsuit against the SEC, triggering a market-wide rally. 424,018,481 #XRP (225,957,060 USD) transferred from unknown wallet to unknown wallethttps://t.co/E8kW88yOPX — Whale Alert (@whale_alert) August 30, 2023 Whale Alert took to X (formerly Twitter) earlier today to highlight a transfer of 424 million XRP worth a whopping $225.9 million. The whale transfer occurred between two unknow

Friend.tech, a decentralized social media on the Base blockchain, has announced punitive measures against users who opt for forks or copycat versions of its platform. The official Friend.tech X account had tweeted on Aug. 28 that users migrating to forked or copycat versions would automatically be disqualified from earning “reward points.” They would also lose any points they had previously accumulated. However, the tweet has since been deleted. Deleted tweet from Friend.tech on Aug. 28. The platform has been airdropping these reward points to its beta testers weekly, with plans to distribute 100 million points over six months.  However, the team has been cryptic about the ultimate utility of these points, stating that they “will have a special purpose” once the app is officially launched.  Speculations are rife, with some expecting these points to be converted into governance tokens for the Friend.tech platform, while others see potential financial benefits for users . Y

Davidson’s stance resonates with the growing sentiment within the crypto community, as his efforts have only been praised thus far. He believes the SEC’s regulatory actions have become increasingly oppressive and politically charged despite the market’s desire for increased flexibility and innovation. advertisement How Has Warren Davidson Protested Against Gary Gensler? Warren Davidson’s dissatisfaction with Gensler’s leadership is not news to anyone. He had previously introduced the “SEC Stabilization Act” on 12th June 2023 with the primary aim of firing Gary Gensler from his position as the SEC Chair. Davidson firmly expressed his concerns: “U.S. capital markets must be protected from a tyrannical Chairman, including the current one. It’s time for real reform and to fire Gary Gensler as Chair of the SEC.” Davidson introduced the bill a week after the SEC filed lawsuits against Binance and Coinbase. Representative Tom Emmer co-authored the bill and called Gary

Binance has announced the launch of a new entity in Poland known as Poland sp. z o.o, with its main focus on the Belgium market. The Belgian Financial Services and Markets Authority (FSMA) recently ordered the company to stop offering its services in Belgium due to violating internal compliance laws. With the creation of its new entity in Poland, the company will be able to continue offering its services to Belgian residents. Binance explained that Belgian users will be able to keep using its platform by accepting the terms of use of Binance Poland for Belgian users. In particular, customers might have to resubmit some old information related to KYC to comply with the local regulations. You might also like: Binance ordered by Belgian regulator to suspend crypto services Binance’s issues within EU Since its launch in July 2017, Binance has experienced remarkable growth and has become a popular choice for cryptocurrency traders worldwide. However, most recently, Binan

Jacobi Asset Management declares its Bitcoin ETF as an ESG-compliant fund under EU rules. Europe’s first Bitcoin exchange-traded fund (ETF) has been declared as an Article 8 fund by its issuer, marking a bold intersection of cryptocurrency and ESG (environmental, social, and governance) investing. By receiving this designation, the fund is legally obligated under European Union rules to advance ESG causes.  Jacobi FT Wilshire Bitcoin ETF joins a diverse portfolio of Article 8 financial products, a category which, according to Bloomberg, encapsulates roughly $6 trillion in assets. Breaking new ground in applying ESG rules to crypto The news marks a shift in how ESG standards are applied within the financial landscape. Until this announcement, there had been no instance of a Bitcoin ETF being positioned as an ESG-compliant fund based on EU guidelines. Martin Bednall, the CEO of Jacobi Asset Management and a BlackRock alum, has conveyed to investors that the ETF aims for full decarbo

Shiba Inu is a cryptocurrency that originated as a meme-inspired alternative to Dogecoin. The developers behind Shiba Inu have been focused on building new utilities and Features aimed at benefiting the project’s community members. One of their major technical initiatives has been the launch of Shibarium , which is designed as a layer-2 scaling solution for improving transaction speeds and reducing fees on the Shiba Inu network. Also read: Pepe Coin: Analyst Warns As PEPE Takes Center Stage Amid Allegations Shibarium officially launched on the mainnet in early 2023. However, since going live, the scaling solution does not appear to have significantly boosted Shiba Inu’s price action based on market data. SHIB team member LUCIE recently shared a tweet highlighting her thoughts on the reason for the dip in price. Why No Moon? 🌕 Why $SHIB down? 📉 Eh… $SHIB's unstoppable spirit is real, but it rides the market's waves too. It's everywhere! 🌊 Okay, a lit

The Shiba Inu ecosystem’s highly anticipated Shibarium launch had a rocky start. The subsequent transition of the Layer-2 network to ‘private mode’ dented SHIB’s price, and the asset eventually went on to register its second-longest red candle of 2023 on the weekly timeframe. After multiple tests, developers recently relaunched the Layer 2 network. At press time, Shibarium was available to users, with developers claiming it to be fully functional. However, the re-launch of the network failed to provide any short-term respite to the price of the asset. At press time, SHIB was trading at $0.000007952, down 1.7% over the past 24 hours. Also Read: Shiba Inu: Is SHIB Primed to Rise 16% by Sept. 1, 2023? Shiba Inu Macro Outlook Despite the turbulence in the short timeframes, Shiba Inu is expected to rise with time. Shiba Inu team member ‘Lucie’ recently asserted on X [formerly Twitter] that Shiba Inu was currently riding the broader market bearish wave, which is why it was tradi

Alerts Raised by Changpeng Zhao Zhao highlighted that these attacks have been linked to a recent data leak from Kroll and appear to have been facilitated by a SIM swap on an employee’s account. The Binance CEO added that users of prominent crypto lender Blocki and insolvent Genesis crypto exchange are also predisposed to the new phishing attacks. advertisement New rounds of phishing attacks already underway for the poor users of FTX, BlockFi, Genesis, as a result of the Kroll data leak, which seems to be a result of a SIM swap on an employee.🤷‍♂️ Learn to protect yourself. Learn about phishing attacks👇https://t.co/AtcevQciVR pic.twitter.com/pbHFnhsArK — CZ 🔶 Binance (@cz_binance) August 27, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read

If there has been one exciting development in the cryptocurrency space as the market continues to grow, it is the introduction of fan tokens. As the name implies, a fan token is a form of cryptocurrency that offers holders a variety of privileges and also serves as an opportunity for fans to engage with their favorite sports teams. For some fan tokens, holders get to vote on club decisions or have specific ownership in an asset related to the sports team. Other benefits also include random rewards, free merchandise, and sometimes, exclusive access to unique experiences. Apart from these perks, fan tokens also offer holders the chance to gain from price action if the token performs well. Currently, the top 5 fan tokens by market capitalization include tokens from prominent football clubs. These tokens include BAR, ALPINE, CITY, LAZIO, and PSG. As the market continues to grow, investors might be wondering if these fan tokens are worth considering for their portfolios