NFT News Today Official TheBitTimes.com

While the global crypto market is rallying towards a $1.1 trillion cap following Grayscale’s SEC win, FLEX, HEX, and others report substantial losses. The global crypto market took a U-turn since the announcement of Grayscale’s win against the U.S. Securities and Exchange Commission (SEC) on Aug. 29. Despite the bullish market momentum, some crypto assets have still registered notable declines over the past 30 days. According to data provided by CoinMarketCap (CMC), the recent market-wide hike came after two weeks of a deep bear market. Per CMC the global crypto market capitalization is approaching the $1.1 trillion mark. Here are the top five losers of August 2023: Top 5 losers in August 2023 | Source: CoinMarketCap FLEX leads the top losers ’ list despite its good performance over the past month. The asset consolidated between $5 and $7 for almost the whole month but witnessed a deep dive on Aug. 29.  You might also like: Top 10 crypto in August 2023: SEI toke...

Twitter users noticed thousands of Safe deployments to Optimism, leading to speculation that it may be an attack, but the developer of Worldcoin confirmed that this activity was merely an app migration. Worldcoin is the cause of a slew of Safe deployments to the Optimism (OP) network over the past week, according to a June 27 social media post from Tiago Sada, head of product for Worldcoin developer Tools for Humanity. The deployments had caused a stir on Twitter, as users wondered who was causing them and what their purpose was. Some Twitter users had speculated that it might be a Sybil attack or some kind of address-farming technique used to profit from coins sent to the wrong address. Deploying more safes - steady lads https://t.co/W5DiQirrP0 — tiago sada (@tiagosada) June 27, 2023 A Safe (previously called “Gnosis Safe”) is a multisignature smart contract wallet. It is often used by development teams to ensure that multiple team members must sign off on each transaction that s...