NFT News Today Official TheBitTimes.com

After the successful BRICS summit in Johannesburg, Chinese President Xi Jinping is most likely to skip attending the G20 summit in New Delhi, India. Sources familiar with the matter said that Chinese Premier Li Qiang will represent that nation at the G20 summit in September. Two Indian officials, one diplomat in China, and an official of another G20 country told Reuters on condition of anonymity that Qiang is expected to lead China’s efforts on behalf of Jinping at the summit. Also Read: Second BRICS Expansion Soon: South African PM Makes Huge Announcement Jinping is most likely skipping the G20 summit comes on the heels of the border dispute between India and China. The recent controversy over border disputes engulfed after China drew a map showcasing Arunachal Pradesh a part of Chinese territory. For the uninitiated, Arunachal Pradesh is a State in the northeast part of India and borders China. The proximity to China has caused several border disputes for decades. Whil...

The SEC is delaying a decision on multiple Spot Bitcoin ETF applications, including Valkyrie, WisdomTree, and Invesco. The US sec urities regulator was expected to delay a decision on most of the pending Bitcoin ETF applications after a US court overturned the SEC blocking Grayscale’s application earlier this week. JUST IN: 🇺🇸 SEC delays Valkyrie, WisdomTree, and Invesco Spot #Bitcoin ETF applications. — Watcher.Guru (@WatcherGuru) August 31, 2023 The SEC has yet to allow any Spot Bitcoin ETF to come to market. The filings say it would delay its ruling on the proposals by at least another 45 days. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” documents said in response to the three proposals. The SEC has until September 1 to address an appl...

One of Binance’s top executives is reportedly exiting the company following several senior executive departures in recent months.  Binance Asia-Pacific (APAC) chief Leon Foong is resigning from the firm, Bloomberg reported on Aug. 31, citing people familiar with the matter.  While the report does not state the reason for Foong’s exit, the executive has become the latest senior employee to leave the crypto exchange. Binance has also seen the departure of several top executives, including general counsel Hon Ng, senior vice president for compliance Steven Christie, and chief strategy officer Patrick Hillman.  You might also like: Head of Binance APAC suggests full audit not coming Meanwhile, the latest development comes as Binance faces regulatory pressure from regulators in the United States, France, and Australia. In the US, the company was sued by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for vari...

NvirWorld aims to be a market leader in the impending Web3 era and has recruited an industry expert from one of the world’s largest financial institutions and investment banks, advertisement Bank of America, following the recent recruitment of Jason Y, a former Binance CMO, on August 15th. At BofA, Justin S. was responsible for advising and facilitating corporate mergers and acquisitions (M&A), and capital raising for various major financial institutions and fintech startups. Prior to joining BofA, he was actively investing in blockchain-related companies as an angel investor, providing both funding and management guidance. Drawing on his extensive experience as an active angel investor in the Web2 and Web3 realms, Justin plans to utilize his insights into business operations, strategic planning, and capital fundraising to expand NvirWorld’s ventures and play a central role in establishing a next-generation Web3 ecosystem. Recomme...

Judge Kaplan: On advice of counsel, I'd like a joint proposal by the close of business Friday. I'll resolve that over the weekend. I'm grateful for the zealous advocacy. Anything else? SBF's lawyer: Not from the defense. AUSA: We don't think adjournment needed advertisement — Inner City Press (@innercitypress) August 30, 2023 Facing the Challenges Head-On Significantly, Bankman-Fried’s defense has not directly sought a new trial date. They initially opted for an aggressive timeline, aiming to exonerate their client promptly. However, they hinted at needing more time, citing issues accessing discovery materials. Kaplan, showing his typical straightforwardness, emphasized the need for substantial reasons. “There’s got to be more meat on those bones,” he remarked. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated Lis...

Starknet Ecosystem made its NFT mint live on August 30, for just 24 hours. The firm soon halted the mint due to “enormous demand” that was beyond their expectations. Crypto Twitter questioned if Starknet is the future of scaling if one mint caused a crash. Earlier today Starknet Ecosystem announced that users can now mint their Quantum Leap NFT for the next 24 hours, till August 31, 5 AM UTC. In the Twitter thread, the team noted that one account can mint once only. Simultaneously, cautioning users to triple-check the link to avoid scams. Don't miss out! The mint starts 𝗡𝗢𝗪 for only 24 hours. pic.twitter.com/v1s48BpHxG — Starknet-Ecosystem.com (@StarknetEco) August 30, 2023 However, Starknet soon halted the drop after experiencing an “enormous demand,” that the team was not prepared for. The heavy load resulted in a bad user experience due to an undiscovered issue in the network. The team addressed the pause on Twitter and quoted, we ...

Ripple announces celebratory event after legal victory against SEC. Pro-XRP lawyer John Deaton teases 75K XRP supporters may attend, suggesting a spacious venue. In July, a U.S. federal court declared that XRP is not security. Ripple Labs, a prominent player in the blockchain industry, has unveiled its plans to host an exultant celebration. This decision for celebration comes in the wake of its legal triumph against the Securities and Exchange Commission (SEC). In a recent tweet, Ripple shared that the event is set to take place on September 29, 2023, right in the heart of New York City. The company pledged to release additional details about this event during this week. Save the Date We’re hosting a community celebration on September 29 in New York City! Stay tuned for more details to come later this week. pic.twitter.com/PlaqPoQcte — Ripple (@Ripple) August 28, 2023 Ripple’s CEO, Brad Garlinghouse, also took to X to make the announceme...

Grayscale has scored a win in its case against the Securities and Exchange Commission (SEC) concerning the conversion of its Grayscale Bitcoin Trust (GBTC) product into an exchange-traded fund (ETF). The judge in the case specifically found that the “denial of Grayscale ’s proposal was arbitrary and capricious because the commission failed to explain its different treatment of similar products.” The SEC has previously approved futures-based bitcoin ETFs but has yet to approve any spot-based bitcoin ETFs. Grayscale filed this lawsuit after the SEC originally denied the conversion of its GBTC product to an ETF.   The SEC’s denials of spot bitcoin ETFs and approval of futures-based ETFs have frequently appeared to hinge on a belief that the futures were more resistant to manipulation . The judge specifically detailed how “Grayscale presented uncontested evidence that there is a 99.9% correlation between bitcoin’s spot market and CME futures contract ...

The world of Metaverse is not just a world for entertainment nor a place where people pay to win. It should be a world where people can play to earn. It should be a world where private asset property can be certainly identified. Metaverse is more than just a game. DPWK aims to create a digital community with access to an infinite number of universes. Donotplaywithkitty.io (DPK) is the planet where Kreatties lived on. At the beginning, there were only 7000 residents in it. They left their shattered homeland in spaceships and traveled for a very long interstellar journey. Then they discovered the DPK Planet and stayed, where they discovered human beings. Due to their controversial nature, they looked down on this species but could not help to get close to them. They think the humans are stupid, but they enjoy the love from the two-legged animal. The Kreatties are lazy and fond of sleeping and playing. They can only accept the way to make money while playing. To reduce their heavy b...

Leading American YouTuber Logan Paul was all over the news last year after he purchased Azuki’s ‘Bumblebee’ NFT for $623,000. The Azuki NFT collections are seen as a prized possession as it compromises 10,000 hand-drawn avatars that are strikingly different from the other digital artworks. While NFTs were in their prime in 2021, the market has seen a sharp decline in 2022. Leading NFT marketplace OpenSea’s trading volume has dropped 99% between May and August 2022. Therefore, Logan Paul ’s Azuki Bumblebee NFT is now much lesser in price than it was last year. Also Read: Here’s How Many Times Bitcoin was Declared ‘Dead’ Since its Inception How Much is Logan Paul’s Bumblebee NFT Worth Now? The first signal of a massive drop in price for Logan Paul’s Azuki ‘Bumblebee’ NFT came from market commentator Wall Street Silver. He tweeted to his 312,000 followers on Thursday that Paul’s $623,000 Bumblebee N...

Omni chain NFT Launchpad is LIVE! The Omni chain NFT Launchpad Omnisea and its Gateway Mainnet is now live. Omnisea supports 9 networks: Ethereum, Moonbeam, Polygon, BNB Chain, Avalanche, Optimism, Fantom, Harmony, and Arbitrum. Omni X, the first omni chain NFT platform designed to connect and reward communities, creators and enthusiasts across multiple block chain s like never before, launches its official website. Retail users, game ecosystems, premium members, artists, and collectors will all be able to find unique value through the platform’s extensive list of Features and capabilities Omni chain NFT marketplace powered by Layerzero Labs’ omni chain protocol truly has something for every kind of collector and creator. Retail users will be able to interact with all of their NFTs off of multiple EVM (Ethereum Virtual Machine) chain s, all while remaining on a single platform. When the mainnet debuts, support will be provided for Aptos, Near, and Flow.This implies tha...

In accordance with the latest Forkast NFT reports, the leading NFT blockchain platforms including Ethereum and Solana have been exhibiting a negative trend in their NFT sales, while the third largest NFT network, Polygon, had a surge in its sale of non-fungible tokens (NFTs). Interestingly, the Forkast 500 NFT Index, a proxy measurement for the performance of the NFTs based on 500 smart contracts, has fallen in Asia trading this morning. Asia’s Forkast 500 Index declined to nearly two months low, with the trade on the leading blockchains including Ethereum and Solana slipping down. Significantly, the Forkast 500 NFT Index plummeted by 1.12 % to 4,187.01 over the span of 24 hours in Hong Kong. Notably, the largest blockchain network for NFTs, Ethereum slumped in its sale by almost 46.71% to $21.1 million over the past 24 hours. However, the total number of transactions has increased to 104,849, marking a surge of 5%. While estimating the Forkast ETH NFT Composi...

FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack. Following the recent Kroll cybersecurity breach , FTX Derivatives Exchange, a financially distressed cryptocurrency trading company, has opted to temporarily suspend accounts of impacted users accessing its claims portal. FTX's decision which was posted on X (formerly known as Twitter) was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack. The exchange is dedicated to offering more comprehensive information in the subsequent stages. In response to Kroll’s cybersecurity incident, FTX has taken the precautionary measure of temporarily freezing affected user accounts within the customer claims portal. We thank you for your patience, and will provide additional information regarding next steps in due course. — FTX (@F...

How Long Will it Take for Ethereum to Reach $5,000?: Guide ‍The world of cryptocurrencies has been buzzing with excitement as Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to make waves in the market. Investors and enthusiasts alike are eagerly awaiting for Ethereum to reach its all-time high of $5000. In this article, we will explore the factors that could contribute to Ethereum’s price surge and discuss how long it might take for ETH to reach this significant milestone. Also read: Ethereum: Rising Shorts, Whale Interest Opens Bullish Speculation Understanding Ethereum and its Price Movements Ethereum is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Utilizing a proof-of-stake (PoS) consensus mechanism, is more energy-efficient than Bitcoin’s proof-of-work (PoW) mechanism. Various factors, such as market demand, investor sentiment...

BTC Price At A Crossroads – Going To $30k or $20k? Although hovering at $26,000 at the time of writing, BTC price is in a precarious position where short traders believe it is poised for another dip to $23,500 for the conservative ones and $20,000 for those stubbornly bearish. advertisement The technical outlook on the daily chart affirms the bearish stance, starting with the Moving Average Convergence Divergence (MACD) indicator’s sell signal. As long as this momentum indicator holds the downtrend in place below the mean line (0.00) the path with the least resistance will remain downward. An opposite outcome would be considered as the blue MACD line flips above the red signal line. Such a move would encourage more buyers to seek exposure to BTC following the drop to $25,000, in turn, contributing to the momentum for gains targeting $30,000. BTC/USD daily price chart | Tradingview The Money Flow Index (MFI) reveals that sellers have the upper hand. ...