NFT News Today Official TheBitTimes.com

According to a new report from the Financial Times, OpenAI is said to be developing an iPhone rival based on artificial intelligence technology. Moreover, the project is set to collaborate with LoveFrom founder Jony Ive and a massive $1 billion investment from Japanese bank SoftBank.  Ive is the British designer who worked closely with Apple before concluding his contract last year. Subsequentially, preliminary meetings on the project aim to create a “natural and intuitive” way for users to utilize AI. However, the report reiterates that the project is still in its preliminary stages.  OpenAI Developing an iPhone Alternative Source: Apple Also Read: OpenAI Nearing $1 Billion in Revenue Following ChatGPT Success In a 2023 retrospective, OpenAI and the viral sensation of ChatGPT will certainly take center stage. The product erupted earlier this year and created a robust market for generative AI projects. Now, the company behind ChatGPT is reportedly developing an artificial

Circle has filed a note of protest as part of the U.S. Securities and Exchange Commission’s (SEC) litigation against Binance, a crypto exchange. The firm asked the court to exclude stablecoin s from the lawsuit because they cannot be considered to be securities. The appeal states that these tokens do not have the characteristics of investment contracts. “Decades of case law support the view that an asset sale — decoupled from any post-sale promises or obligations by the seller — is not sufficient to establish an investment contract.” Circle’s filing You might also like: Coinbase increases USDC interest rate after SEC confirms stance on stablecoins In February, Circle CEO Jeremy Allaire stated that stablecoin s should be regulated by the banking regulator, not the SEC. He made this statement in response to the SEC’s lawsuit  against Paxos for its involvement in the release of BUSD, which the Commission classified as a security.  In June, the SEC sued Binance and its CE

The United States Securities and Exchange Commission (SEC) has again postponed its decision concerning spot Bitcoin ETFs. This time, the deferred applications belong to investment management behemoth Blackrock. Moreover, Invesco, Valkyrie, and Bitwise have also seen their crypto initiatives put on hold. Most of these firms had initiated their applications for a spot Bitcoin ETF in June 2023. The first postponement from the SEC surfaced in late August 2023. In their recent declaration, the SEC mentioned, “The Commission is instituting proceedings… to determine whether the proposed rule change should be approved or disapproved.” The SEC emphasized that this move doesn’t imply any predetermined conclusions. Interestingly, this announcement came on the heels of a robust interrogation of Gary Gensler, the SEC Chairman, during a Congressional hearing. At the Wednesday (27 September) session, Gensler maintained his cautious perspective on the crypto arena. The SEC chief also took a cri

Blockchain company Fireblocks, which is backed by Sequoia Capital, has acquired Melbourne-based decentralized finance (defi) startup BlockFold for a reported $10 million. This acquisition will allow Fireblocks to expand its services beyond custody services. Neither Fireblocks nor BlockFold has made any public statements regarding the deal. You might also like: Fireblocks Integrate Support for Solana, NFT, and DeFi BlockFold, founded in 2022, provides smart contract development, auditing, advisory, testing, and security services for defi and non-fungible token projects. Its clients include OpenSea, Hedera Hashgraph, OpenZeppelin, among others.  This acquisition comes shortly after Fireblocks launched its non-custodial wallet-as-a-service for businesses across various sectors.  The wallet is designed to work across multiple platforms, including iOS, Android, and web browsers.  In June 2023, Fireblocks partnered with cloud service giants AWS, Google Cloud, and Alibaba Clo

USDC issuer Circle recently submitted a filing advocating for stablecoin s. The firm contended that this particular asset niche should not be categorized as ‘ sec urities.’ Circle ’s filing marks the firm’s intervention in the SEC’s lawsuit against the world’s largest exchange, Binance. To be more specific, the filing falls under the ‘amicus curiae’ or friend of the court category. The filing was made in part by Circle ’s Chief Legal Officer, Heath Tarbert. Interestingly, he has served as the Chair of the CFTC in the past. Also Read: Chainlink’s 33% Recovery May Trigger Positive Q4 2023 Stablecoins Don’t Have ‘Investment Contract’ Features: Circle In Q2 2022, the SEC filed a lawsuit against Binance and its executive, Changpeng Zhao, for securities law violations. The regulator accused the exchange of mishandling customer funds. Additionally, it also blamed the exchange for allegedly lying to both regulators and investors regarding its operations. The agency further went on to dee

Marathon Digital, a prominent player in the realm of Bitcoin mining, has acknowledged that it inadvertently mined an invalid Bitcoin block as part of an “experimental” endeavor aimed at refining the company’s operational strategies. In a post dated September 27th, Marathon revealed that a minor fraction of the company’s hash rate is allocated to these experiments, emphatically clarifying that their intention was never to tamper with the integrity of the Bitcoin network. Marathon underscored, “This experiment in no way aimed to modify Bitcoin Core in any manner,” emphasizing their swift rectification of the error as soon as the invalid block was detected. Crucially, it’s important to note that the bug responsible for this occurrence originated within the firm’s internal development environment and had no association with Marathon’s Bitcoin production pool or Bitcoin Core—the primary software interface for connecting to the Bitcoin network and running a node. The incident transpired

The Shiba Inu [SHIB] ecosystem has witnessed growing adoption, yet its price has remained stagnant. As September offered little volatility, expectations point to a potentially turbulent October. At press time, SHIB is trading at $0.000007254, experiencing a daily decline of 0.11%. Furthermore, the asset’s market capitalization has fallen to $4.27 billion. Consequently, this shift in market dynamics has enabled other assets, such as Chainlink [LINK], to surpass SHIB in terms of ranking. Evidently, the introduction of Shibarium did not have a favorable impact on the meme coin. Presently, approximately 89% of the asset’s holders find themselves in a loss position. A mere 9% of SHIB’s holders are seeing gains at the current asset price. Nonetheless, is October poised to be a favorable month for SHIB, and is there potential for the token’s price to surge from its current position? In this article, we will explore the potential trading range for Shiba Inu in October 2023. Also Rea

Conversations with key speakers at the Blockchain Expo Europe in Amsterdam suggest that cryptocurrency exchanges and companies see the continent as a key region for growth. Europe remains fertile ground for the cryptocurrency ecosystem to flourish in comparison to harsher regulatory environments, according to prominent speakers at this year’s Blockchain Expo in Amsterdam. Cointelegraph attended the convention held at the RAI conference center for the second year running, with the Blockchain Expo forming part of the larger Tech Expo event being hosted in the Netherlands. The event has typically attracted prominent mainstream industry players from the financial world to showcase how blockchain technology is being leveraged to power innovative new products and solutions across a myriad of industries. From finance, logistics, healthcare and marketing, blockchain technology and Web3 functionality continues to be a key growth area for different industry players. MiCA bodes well for institut

Tecpetrol, an Argentinian oil company, has announced plans to launch a crypto mining facility powered by natural gas. The project will be in Los Toldos II Este region, north of Vaca Muerta in Argentine Patagonia. The mining facility will start operating in late October or early November. You might also like: Worldcoin breaks an all-time high user record in Argentina Tecpetrol has launch ed an initiative to convert excess gas produced during oil drilling into energy for crypto mining . The goal is to minimize environmental impact by avoiding gas emissions and flaring, which burns off gas that can’t be stored or transported easily. The project will help Tecpetrol optimize gas utilization, reduce waste, and improve crude oil production. Crypto mining will be used strategically to consume gas that would otherwise be wasted or burned. You might also like: Environmental lawyer weighs in on crypto mining and taxation proposal Follow Us on Google News Source:

Sep 27, 2023 at 10:00 // Price Author Coin Idol Cryptocurrency price Analysis brought by Coinidol.com. The price  of Cardano (ADA) has gradually returned to its previous level of $0.23. Cardano price long-term forecasts: bearish Cardano rose above the $0.23 support during the downtrend on August 17 as bulls bought the dips. The positive momentum was maintained by buyers until the high of $0.28. The altcoin encountered rejection at $0.28, so the upward correction was temporary. The altcoin fell to a low of $0.24 today. The existing support was defended by buyers

Binance fully exits Russia with sale of business to CommEX. Transition will last a year, the exchange said in an announcement on Wednesday, September 27. Binance has announced its exit from Russia, with its business sold to newly formed cryptocurrency exchange CommEX. An announcement on Wednesday stated that the exit comes after an agreement that sees it sell “the entirety of its Russia business” to the CommEX team. Binance fully exits Russian market While it did not disclose any financial details, Binance noted in the announcement that the off-boarding process will last one year.  According to Binance , its deal with CommEX is unlike others that international companies struck in the wake of Russia ’s invasion of Ukraine and the launch of sanctions by EU and the US. It’s a full exit. “ Unlike similar deals from international companies in Russia , Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares

Robert Kiyosaki has pondered the impact of a recent innovation by Citibank. Citibank announced introducing blockchain technology, turning institutional savings into Citibank tokens. Bitcoin supporters debunked Kiyosaki’s suspicion, saying Bitcoin is here to stay. The renowned author of “Rich Dad Poor Dad”, Robert Kiyosaki, has pondered over the impact of a recent innovation by Citibank. In a recent post on X (formerly Twitter), Kiyosaki noted that Citibank announced introducing a bank blockchain technology to turn institutional savings into Citibank tokens, which can facilitate instantaneous cross-border transactions around the clock. Kiyosaki was interested in knowing if that could mean the end of Bitcoin and the US Dollar. BYE BYE Bitcoin & US Dollar? Citibank announced today it is offering bank block chain technology to turn institutional savings into Citibank tokens which can be used for instaneous 24/7 cross border transactions. Bye bye BC & US

The ongoing drama between Ben Armstrong (aka BitBoy ) and his former team at Hit Network continues to devolve. Incredible claims have been leveled against both sides and now Armstrong has been arrested in Duluth, Georgia. The influencer claims to have lost everything and had previously reached out to his audience to garner thousands of dollars in donations. His next move was to livestream himself driving to the home of the individual in possession of the Hit Network company Lamborghini that had been confiscated from him. He was subsequently arrested for arrested for “loitering/prowling” and for “simple assault by placing another in fear.” He was released “after eight hours in the slammer” on a $2,600 bond. Troubling details As the stream unfolded, it became increasingly evident that there was someone there with Armstrong, namely a woman he was having an affair with. It was also revealed that he had a loaded firearm in his backseat — il Legal unless he happens to have a Georgia

Concerns over the U.S. dollar's impact on Bitcoin may be overstated by investors, particularly in the longer term. The Dollar Strength Index (DXY) achieved its highest level in nearly 10 months on Sep. 22, indicating growing confidence in the U.S. dollar compared to other fiat currencies like the British pound, euro, Japanese yen, and Swiss franc. DXY "golden cross" confir Moreover, investors are concerned that this surge in demand for the U.S. dollar might pose challenges for Bitcoin (BTC) and cryptocurrencies, although these concerns are not necessarily interconnected. U.S. Dollar Index (DXY). Source: TradingView The DXY index confirmed a golden cross pattern when the 50-day moving average surpassed the longer 200-day moving average, a signal often seen as a precursor to a bull market by technical analysts. Impacts of the recession and inflation risks Despite some investors believing that historical trends are determined solely by price patterns, it's important to

XRP enthusiasts anticipate becoming millionaires in the bullish market. An XRP investor must buy 260,416 XRP now to become a millionaire in the bull run.260k XRP costs $129k; XRP trading at $3.84 would imply a 675% growth to $1M. The XRP community eagerly anticipates when XRP holders will become millionaires, pinning their hopes on various factors such as regulatory decisions, a bullish market, Ripple’s business activities, and more. Ripple’s Chief Technology Officer, David Schwartz, discussed the possibility of XRP becoming a reserve currency, and an XRP enthusiast exclaimed, “Are we all gonna be RICH?!” Moreover, experts have argued that XRP would reclaim and surpass its 2018 all-time high (ATH) when the bull market finally kicks in. They mostly projected XRP in double digits based on its historical patterns. While anticipating the bull season, XRP investors must employ prudent investment strategies to properly capitalize on the anticipated move to

Tether CTO Paolo Ardoino was recently called out by a crypto influencer on X. The influencer took issue with Bitcoin maximalists supporting Tether and its USDT stablecoin. Ardoino has been seen defending USDT amid critical articles by legacy media like WSJ. Not Tiger Global, a crypto influencer on X (formerly Twitter), recently called out Paolo Ardoino, the chief technology officer at stablecoin giant Tether. The influencer highlighted Ardoino’s recent attempts to defend the Tether USD (USDT) stablecoin amid critical reports by legacy media firms like the Wall Street Journal and Bloomberg. Tron founder Justin Sun recently took to X to highlight an interview featuring Paolo Ardoino, where the latter was seen addressing the controversies surrounding Tether and USDT. Sun reiterated Tron’s support for Tether to collaborate on cost-effective and decentralized stablecoin solutions for emerging markets. Responding to the Tron founder’s comments, Not Tiger Global

The Miss Universe Organization said that there is no Miss Universe cryptocurrency or blockchain offering involved with the Miss Universe or Miss Universe Philippines. The Miss Universe Organization has denied any association with the Miss Universe Coin project announced at the Philippine Blockchain Week (PBW) event held earlier this month. PBW said that they are in contact with all involved parties and will post an update soon. Earlier this month, a project called Miss Universe Coin was announced at PBW. Donald Lim, the founder of the organization managing the PBW, said during the event that the PBW will “launch the Miss Universe Coin.” However, weeks after the announcement, the official organization behind Miss Universe has denied any association with the coin project and called it a fraud.  Official announcement published on the Miss Universe Facebook page. Source: Facebook On Sept. 22, the Miss Universe official Facebook page announced that the Miss Universe Organization and JK

Sep 23, 2023 at 08:00 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the price of Bitcoin (BTC) is rising, but it is trading between the moving average lines. Bitcoin price long term forecast: bullish Bulls tried to break the moving average lines on September 19, but failed. The BTC price rose to a high of $27,508 before collapsing. If the current resistance level is broken, the largest cryptocurrency would rise to its previous high of $29,000. After rejecting the last high, Bitcoin has fallen back above the $26,000 support level. At t

Cryptocurrency exchange Bybit has unveiled its plans to suspend services for UK residents. This decision, outlined in a press release on September 22, will be executed in two phases. It will start with the cessation of new account applications on October 1. Subsequently, on October 8, the platform will halt new deposits, new contracts, and changes to existing user positions. Bybit ’s timeline for service suspension aligns precisely with the FCA’s deadline for crypto asset firms operating in the UK. Additionally, the FCA’s regulatory efforts are geared towards establishing marketing regulations that are “clear, fair, and not misleading.” Also read: Ethereum Has Been Disappointing Since Shanghai Upgrade: JPMorgan Initially announced in June, these rules have garnered heightened attention, with the FCA issuing an additional warning on September 21. The rules emphasize the October 8 deadline and the potential for criminal charges against non-compliant firms. Bybit’s stra

Ben Armstrong, also known as ‘BitBoy Crypto’, has recently become entangled in a lawsuit against his former partners from HIT Network, regarding assets seizure that were registered under their company’s name, but Armstrong claims belong to him. The former BitBoy Crypto employee is now asking for donation s from the crypto community using emotional videos sharing his story, and on September 21, he shared a multi- million aire XRP address, in response to supposed requests for a donation address by the XRP community . “Several people have asked about an $XRP donation address for my legal fund (…) XRP Address: ‘rJmXYcKCGJSayp4sAdp6Eo4CdSFtDVv7WG’ (…) Thanks for the support”. — Ben Armstrong (@BenArmstrongsX) Source: Ben Armstrong (@BenArmstrongsX) Thousands of dollars in XRP were already sent in the last 24 hours to the given Ben Armstrong address, with lots of these payments being from known centralized exchange accounts. Payments history from “rJmXY…Vv7WG”. Source: XRPScan Bi