NFT News Today Official TheBitTimes.com

Cryptocurrencies extended their rally Wednesday morning and equities took a dive into the red as investors kept an eye on Washington for signs of interest rate changes.  Bitcoin (BTC) rose another 5% Wednesday afternoon in New York, extending its gains and putting the crypto at more than 13% higher over the past 5 days. Bitcoin briefly surpasses $30,000 before dipping slightly lower. It was trading around $29,870 at time of publication.  Ether (ETH) similarly gained 3% Wednesday and is now up close to 8% since June 17.  Equities, on the other hand, erased modest gains seen over the past couple of trading days. The Nasdaq Composite and S&P 500 indexes posted losses of 0.7% and 0.5% Wednesday, respectively.  Markets will be looking for signs that the Federal Reserve is either done or almost done hiking interest rates, founder of DataTrek Research Nicolas Colas said. Confirmation of this during Fed Chair Jerome Powell’s first day of Congressional testimony Wednesday should be eno...

A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan. A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by an FTX claim , according to the bankruptcy claim s platform Found. The $31,307 claim was tokenized, and its ownership was represented by a nonfungible token (NFT). On June 23, the NFT was used as collateral for a $7,500 loan to be repaid in five days. In the event of a payment default, the lender is entitled to the claim. Congrats wagmiclaims.eth for being the first onchain #RWA loan backed by a #FTX #bankruptcy claim WAGMI is happy to have some spending cash for the @Azuki Vegas party this weekend Special thanks to @Arcade_xyz for building a great platform pic.twitter.com/l8n8jGyKpp — Found (@foundxyz) June 23, 2023 The transaction is an example of real-world assets (RWA) tokenizati...

According to Belgium’s Financial Services and Markets Authority, Binance, the largest cryptocurrency exchange globally, has been found to provide services from non-European economic area countries. The regulator stated that individuals and companies operating in Belgium, but not belonging to the European economic area, are prohibited from offering exchange services between virtual currencies and legal currencies, as well as custody wallet services. JUST IN: Belgium order s #Binance to cease crypto service s in the country. — Watcher.Guru (@WatcherGuru) June 23, 2023 An order for Binance Belgium’s Financial Services and Markets Authority (FSMA) has reportedly issued an order for Binance, the leading cryptocurrency exchange, to halt all virtual currency services within the country. According to the regulator’s statement, the FSMA alleged that Binance was providing exchange services between virtual currencies and legal currencies, as well as custody wallet...

JPMorgan Introduces Euro Blockchain Payments for Corporate Clients JPMorgan starts processing Euro-denominated payments with its JPM Coin payment system. JPM Coin went live with euro transactions on Wednesday, Basak Toprak, JPMorgan ’s head of Coin Systems for Europe , the Middle East and Africa, told Bloomberg. advertisement JPM Coin payment system was launched in 2019 to move U.S. dollars. The euro expansion comes as JPM Coin has processed over $300 billion in transactions to date. However, it is still a small part of JPMorgan’s overall payments business, which processes nearly $10 trillion daily. Banks are yet to reap the full benefits of blockchain projects. This expansion indicates JPMorgan ’s continued commitment to leveraging blockchain technology within traditional banking systems. The use of JPM Coin aims to streamline cross-border payments and enhance efficiency for corporate clients. Traditional financial giants are showing massi...

Join Our Telegram channel to stay up to date on breaking news coverage Thursday, 22nd of June – Revolutionary Recycle-to-Earn (R2E) crypto project ecoterra’s presale is surging as the project’s team bumps shoulders with some of the green technology industry’s largest players, with the presale about to hit the impressive $5.3 million mark. Ecoterra’s CEO Mihai Ciutureanu and other members of the project’s team recently attended the annual Berlin Green Technology Festival, where they had a chance to network with event’s top sponsors such as Tesla and Audi. Our CEO, Mihai Ciutureanu, had a blast at the epic Berlin @greentech_fest 2023 – A worldwide playground of #GreenTechnology! We also had the pleasure of connecting with amazing like-minded individuals along the way!🤝 Stay tuned for more updates, because we’re bringing that… pic.twitter.com/5dcVkG83lp — ecoterra (@ecoterraio) June 20, 2023 The ecote...

Pepe (PEPE) has outperformed the rest of the cryptocurrency market in the past 24 hours. The deflationary frog-based meme coin has emerged as the top gainer amid the market-wide rally triggered by a resurgence of bullish sentiments. Data from CoinMarketCap, one of the most referenced crypto price-tracking resources, indicates that PEPE has rallied by a massive 41% over the last 24 hours. With this impressive surge, the meme coin has solidified its position as the biggest gainer among the top 100 assets. You might also like: Bitcoin Ordinals NFT sold for $7m as the market recovers Notably, pepe’s increase represents almost double the gains registered by conflux (CFX), which secures second on the list of top gainers. Stacks (STX) and singularityNET are respectively third and fourth, witnessing 16% and 13% in gains. Top 4 gainers of June 22 | Source: CoinMarketCap Pepe’s bullish momentum began on June 15 following a decline to the 7-week low of $0.00000082. ...

The Russia n Federal Secret Service (FSB) has charged a man in eastern Russia with high treason after he was suspected of sending Crypto currency to Ukraine ’s armed forces, according to state-owned news publisher TASS.  The man, a resident of the Khabarovsk region, is alleged to have sent Crypto to armed forces in Kyiv to help buy ammunition, medical equipment, drones, and infrared rifle scopes.  “It was ascertained that the detainee, using cryptocurrency instruments, made transfers of personal funds via third parties residing on the territory of Ukraine to an account of a foreign charitable foundation intended for use by the Ukrainian armed forces,” Russia’s secret services told TASS. Neither the amount nor type of crypto sent was disclosed .  Weaponry and cyberwar: How Bitcoin funds anti-Russia efforts in Ukraine Read more: Crypto use in Russia rises as country faces sanctions and bank outages Russian state media RIA managed to record the man be...

The bankruptcy plan explained that holders of allowed debtor-in-possession claims would receive full and final satisfaction of their claims. Bankrupt Bitcoin (BTC) miner Core Scientific filed its Chapter 11 bankruptcy plan. The plan was filed in the United States Bankruptcy Court for the Southern District of Texas Houston Division. The plan was negotiated with key stakeholders, and according to the filing, the firm is “seeking to build as much consensus as possible” about how a new Core Scientific would look after emerging from its bankruptcy proceedings. The company said it had seen a boost in liquidity since filing for Chapter 11 bankruptcy and is focused on revamping its business plan to make a successful comeback. The company attributed its improved financial performance to higher Bitcoin prices, increased network hash rate and reduced energy costs. A Chapter 11 bankruptcy allows a firm to continue operating until stakeholders agree on a restructuring plan, which could involve me...

The nonfungible token platform was launched in partnership with Near Protocol. On June 20, Škoda India, the Indian subsidiary of Czech automobile conglomerate Škoda Auto, launch ed a Web3 and nonfungible token (NFT) experience in partnership with Near Protocol. Dubbed “Škodaverse India," developers say the platform will possess low gas fees, interoperable NFTs for multi platform usage, and eco-friendly, scalable NFTs. The firm wrote:  “Škodaverse India will also unlock bespoke utilities and experiences for NFT holders which will be revealed along with the first drop details. All NFTs will be minted on carbon-neutral blockchains, aligning with our sustainable vision." The debut Škoda NFT collection is scheduled to launch “soon," with no fixed date or offer price. Users will be able to mint the NFT whenever it is dropped through the addition of funds to their wallets.  Benefits for NFT holders, as listed by developers, include owning a unique digital asset represent...

Join Our Telegram channel to stay up to date on breaking news coverage In a recent announcement, Wyre, a prominent San Francisco-based fintech company, revealed its decision to wind down its operations after nearly a decade. The move, driven by market conditions, is aimed at safeguarding the interests of its key stakeholders and customers. The company emphasized that this decision was not prompted by any regulatory agency directives. Wyre Assures Asset Security and Recovery Process According to the company blog on June16, Wyre assured its users that their assets would remain secure. The crypto payment company said:  “Wyre continues to secure customer assets. If you have assets on the Wyre platform, you can continue to withdraw them via Wyre’s dashboard until Friday, July 14th. After then, we will have a separate process to recover assets remaining on the platform.”  Following this deadline, a separate process will be put in place to recover any ...

Join Our Telegram channel to stay up to date on breaking news coverage The $LUNC token has encountered difficulties recently due to the unfavorable market sentiment resulting from the U.S. Securities and Exchange Commission (SEC) actions against Binance and Coinbase. Nevertheless, there are positive fundamental developments that have the potential to alleviate some of the selling pressure on the token in the coming weeks and months. The Joint L1 Task Force is working towards stabilizing the USTC value at $1, while the Terra Classic community is burning LUNC tokens to reduce the excessively large token supply. Given these factors, could this be an ideal time to invest in the $LUNC token in anticipation of a future price surge? Meanwhile, the crypto community has shifted its attention towards the utility-driven $ECOTERRA token. Terra Classic Price Eyes $1 Mark as Burning Kicks Off At press time, the $LUNC token is trading at $0.000089, indicating a downtrend of 0.69% in the ...

Join Our Telegram channel to stay up to date on breaking news coverage The recent regulatory actions taken by SEC Chair Gary Gensler in the crypto industry have sparked a heated debate. Debate Erupts as SEC Chair Gensler’s Crypto Regulations Stir Controversy While the commission initially approved digital-coin exchanges to go public, subsequent sanctions were imposed on them for selling crypto assets that did not meet the agency’s approval. The extent of Gensler’s legal authority to intervene in this manner remains uncertain under the securities laws, but it hasn’t deterred him from pursuing numerous cases. One can argue that Gensler’s regulatory agenda poses a potential danger, not only due to its aggressive enforcement that could impede the revolutionary potential of blockchain technology but also because the SEC, known as Wall Street’s leading enforcer, has appeared somewhat ineffective in recent times. Prometheum’s Favoritism and...