Analysis Daily TheBitTimes.com

Tellor (TRB) has defied the bearish sentiments that have plagued the CRYPTOCURRENCY market in recent weeks, experiencing a remarkable surge of 270% over the past week, pushing its value past the $50 mark. This remarkable rise has left many in the crypto community wondering about the driving forces behind TRB’s meteoric ascent and what the future holds for this Decentralized Oracle Protocol . One significant factor contributing to TRB’s recent success is the accumulation of tokens by six whale wallets, which now hold more than $15 million worth of TRB at current market rates. These whales collectively control 11% of the total supply and have reported profits exceeding $7 million. The possibility of these whales liquidating their holdings looms large, potentially exerting downward pressure on TRB’s value. While whale movements often indicate future market trends, caution is advised. Investors should “Do Your Research” (DYOR) and consider the inherent vola...

The Three Arrows Capital co-founder Su Zhu was arrested at Singapore Changi Airport while attempting to leave the country. The Singapore Court released committal orders to 3AC co-founders Zhu and Davies for not complying with the liquidation investigation. Liquidator Teneo alleges the co-founders of not cooperating with the liquidators’ endeavor for asset recovery. Su Zhu, the co-founder of the bankrupt crypto hedge fund Three Arrows Capital, was reportedly arrested at Singapore Changi Airport while attempting to leave the country following the Singapore Court’s committal order. As per the company’s liquidator, Teneo, the court issued committal orders for both Zhu and 3AC’s other co-founder, Kyle Davies, revealing the court’s decision to sentence both to four months of imprisonment for not complying with the investigation on liquidation. In July 2022, following the severe crypto winter, 3AC collapsed, falling into liquidation. Consequently, while liquidators ...

Polygon Labs has announced that Google Cloud is now a validator on Polygon PoS network. The new validator will bring “same infrastructure” powering YouTube and Gmail. Google Cloud joins recent addition Deutsche Telekom. Polygon Labs has announced that Google Cloud is now officially a validator on the Polygon PoS network. The company revealed the development in a post on X on September 29. Google Cloud joins Polygon’s validators According to Polygon Labs, Google ’s cloud computing platform has joined over 100 validator s on the leading Ethereum layer 2 network. “High-quality, trusted, security-minded validators like Google Cloud provide an added layer of security for Heimdall, Bor, and Polygon PoS users,” the Polygon developer team noted. In the proof-of-stake blockchain world, validators are key as they operate the nodes that help secure the network via a process called staking. The native token MATIC is used in thi...

Flare blockch AI n, often known as the blockch AI n for data, has forged a partnership with Arkham, a leading provider of blockch AI n analytics and intelligence solutions. This collaboration, effective as of September 29th, brings Flare’s robust network data Analysis capabilities into the fold of Arkham’s Intelligence Platform, offering a powerful suite of tools for Flare users. Flare meets Arkham’s advanced analytics Flare stands out as a unique blockch AI n platform, designed to optimize decentralized data acquisition. With decentralized oracles seamlessly integrated into its structure, Flare empowers developers with trustless access to an extensive range of data at minimal cost and on a scalable basis. This utility layer has been instrumental in expanding the utility of blockchain technology and supporting the creation of new and improved use cases. Arkham, on the other hand, is renowned for its proprietary artificial intelligence ( AI )...

Robert Kiyosaki, author of “Rich Dad, Poor Dad,” warns about the development of a US central bank digital currency (CBDC) by the Federal Reserve. Kiyosaki advocates for alternative assets such as precious metals, bitcoin, and physical banknotes. .He encourages people to save these assets for anonymity and to avoid government monitoring. Robert Kiyosaki issued a stark warning about the Federal Reserve’s development of a central bank digital currency (CBDC) in the United States. Kiyosaki, best known for his Rich Dad, Poor Dad series, suggested in a tweet that a digital dollar could enable troubling government surveillance. FED CBDC coming. Privacy gone. Big Brother will be watching. When CBDC enters market Gokd, Silver, Bitcoin & Cash will become priceless. Start saving GSBC & cash now before it’s too late. — Robert Kiyosaki (@theRealKiyosaki) September 29, 2023 In his tweet, Kiyosaki told his 2.4 million followers that the ...

An analyst mentioned that FLOKI has the potential to repeat its October 2021 performance alongside DOGE. FLOKI’s downward momentum could come to a halt if buying pressure increases. Should intense accumulation appear, the meme’s first target could be $0.000018. Between September 26 and 27, Floki Inu (FLOKI) pumped from $0.00001561 to $0.00001596, in a move that caught the crypto market’s attention. Although FLOKI has retraced to $0.00001590, there were talks about the meme preparing to have a superb performance in October. One person who led the FLOKI conversation was Crypto Tony, the NFT and crypto investor. According to Tony, the likelihood of Dogecoin’s (DOGE) price increase could spur FLOKI’s rally. Tony also opined that FLOKI was in a macro support zone and intense accumulation could take place in that area. $FLOKI / @RealFlokiInu – Update #Flokitober is around the corner, and with $DOGE looking hot for a pump, well i expect some magic fr...

On Wednesday, a group of 40 crypto entrepreneurs headed to Washington DC to convince lawmakers it was time to provide regulatory clarity for the industry — but despite the campaign’s efforts, the US government has other fish to fry… and some members still appear woefully ignorant about cryptocurrency. Coinbase’s ‘Stand with Crypto’ campaign convened in Washington in hopes that the US passes a new set of rules for digital assets. These have already been approved by the House Financial Services Committee and the House Committee on Agriculture, but must now be pushed through Congress. Coinbase chief exec Brian Armstrong posted on X (formerly Twitter) on Wednesday, “It’s time for America to join the rest of the G20 and get some clear rules on the books.” He and other execs will meet with Democrats and Republicans in Congress to get legislation moving. Coinbase handing out cold brew on Cap Hill pic.twitter.com/4vXWXB7zRJ — Eli Tan (@...

Crypto exchange Gemini Trust, cofounded by the Winklevoss twins, withdrew $280 million held in the firm’s lender, Genesis, just months before it collapsed and accounts were frozen, according to two sources familiar with the matter. As reported by the New York Post (NYP) and subsequently Bloomberg, the huge sums were pulled from Genesis between August 5 and August 10 of last year. It’s unclear whether these funds were Gemini assets or the Winklevoss twins’ own crypto. However, according to one of the sources, the withdrawn funds were used to create a reserve for Gemini Earn customers to make immediate redemptions. By November 16, Genesis had collapsed. Gemini Earn customer deposits worth $900 million were frozen. In January, Genesis filed for chapter 11 bankruptcy. Legal disputes pile up for Gemini, Genesis, and DCG Since then, the Winklevoss twins have publicly fought with Genesis , its parent firm Digital Currency Group (DCG), and its founder, Barry Silbe...

BNB’s bull recovery was fueled by Changpeng Zhao’s assertion of a 25% trading discount on CommEX. Widening Bollinger bands signal potential market volatility for BNB. Overbought conditions warn of a possible BNB price correction ahead. Bullish momentum has returned to the BNB market after a prolonged bear run that lowered the price below a support level of $210.88. This bullish momentum is attributed to Binance’s CEO Changpeng Zhao’s assertion that holders of Binance’s native token, BNB, would benefit from a 25% trading discount on CommEX after Binance’s total withdrawal from Russia. Everything will be done to ensure a smooth transition. All user funds are safe! Also: Among other things, #BNB holders will continue to enjoy a 25% trading fee discount on @CommEX_com. https://t.co/52pak53CqE — CZ Binance (@cz_binance) September 27, 2023 This step has rekindled investor interest and trust in BNB. Furthermore, the ne...

Expert Greg Dickerson analyzes Bitcoin’s resilience amid shifting Federal Reserve policies and historical rate cycles. Bitcoin’s correlation with Fed rate hikes and cuts is revealed as it faces potential resistance around $20K. Dickerson warns that ETF approvals and macroeconomic shifts may determine Bitcoin’s future within the $20K to $25K range. In a recent interview, market expert Greg Dickerson provided insights into the current state of crypto markets, particularly Bitcoin, amid the U.S. Federal Reserve’s shifting monetary policies and the broader economic landscape. Dickerson placed the ongoing discussions about interest rates in a historical context, underscoring the impact of past rate hikes and cuts on various markets. He highlighted the late ’80s and early ’90s, when interest rates spiked, leading to a cooling-off period in both the housing market and equities. However, when the Federal Reserve cut rates, the...

Grand Theft Auto 6 is expected to earn over $8 billion during the first year of its release. Reports state that the parent company, Take-Two Interactive, could release GTA 6 between 2024 and 2025. In a recent earnings meeting, the Rockstar Games publisher wrote that it expects to earn over $8 billion in net bookings. Take-Two also stated that it aims to earn over $1 billion in “Adjusted Unrestricted Operating Cash Flow.” Also Read: GTA 6 Release Date & Trailer Launch Rumored in Latest Leak The game’s predecessor, GTA 5 , has earned a total worldwide revenue of $8 billion since 2013 to date. The gaming company is now confident it will make the same amount of money in the first year of GTA 6 ’s release. Several reports state that GTA 6 could earn $1 billion on the first day of its release. GTA 6 Looks To Earn $8 Billion In a Year Source: insider-gaming.com It took GTA 5 just three days to reach $1 billion in sales when it was released a decade a...

Crypto influencer Ben Armstrong, known as ‘Bitboy Crypto,’ was released from jail on bail of $2,600 after he was arrested while attempting to live stream a confrontation with a former business partner. The Gwinnett County Sheriff’s Department’s online record showed that Armstrong w as arrested for “loitering/prowling” and “simple assault by placing another in fear.” He spent eight hours in jail.  “This is the hardest tweet I ever have had to make,” he tweeted sarcastically soon after his release. “I need to make a confession I never imagined I would admit .I’m not even really sure if I have the courage to say it but I’m going to do my best. Here it goes: My name is Ben and I’m a loiterer. I did 8 whole hours in the slammer.” This is the hardest tweet I ever have had to make. I need to make a confession I never imagined I would admit I’m not even really sure if I have the courage t...

Binance is partnering with Japan’s biggest bank to launch stablecoins in Japan by the end of next year. Binance said its conducting a joint study of stablecoins pegged to fiat currencies including the yen and other foreign currencies with Mitsubishi UFJ Trust and Banking Corporation (MUTB), which is a unit of the nation’s biggest bank, MUFG. “Both companies intend on commencing stablecoin operations by the end of 2024 upon completion and approval of applicable regulatory approvals by Binance Japan,” Binance said. ”Both companies aim to issue new stablecoins to help accelerate the mass adoption of Web3 in  Japan .” Japan allowed the issuing of stablecoins by licensed crypto platforms in June. This prompted Orix Corp. and other firms to consider introducing stablecoin tokens that are said to offer financial benefits like quicker money transfers and settlements. Binance chose to partner with MUTB due to its principal role in the development...

Key takeaways Bitcoin continues to trade below $26,500 despite MicroStrategy’s latest BTC purchase . Chancer’s stage two presale has now surpassed the $2.2 million mark. The cryptocurrency market began the week in a bearish mode, with prices of most coins and tokens in the red zone over the last few days. However, that hasn’t halted Chancer’s presale as it continues to hit new milestones. MicroStrategy purchases 5,445 bitcoins Michael Saylor’s MicroStrategy has continued its foray into the cryptocurrency market by acquiring more bitcoins. The company announced the  purchase of 5,445 bitcoins on Monday for $147.3 million at the average price of $27,053 per coin. MicroStrategy now holds 158,245 bitcoins acquired for a total of $4.68 billion. Despite MicroStrategy’s acquisition of over 5,000 bitcoins, BTC’s price continues to underperform. At press time, the  price of Bitcoin stands at $26,273, up by l...

On Oct. 27, 2020, an investor purchased more than 200 billion Shiba Inu tokens, becoming one of the earliest SHIB investors. At the time of purchase, the asset was trading with ten zeros around $0.000000000084245. Source: Etherscan According to transaction details from Etherscan, the user swapped 0.0436 ETH for 202,179,695,624.57 SHIB tokens on the day of his purchase using the Uniswap decentralized exchange. At the time of the transaction, 0.0436 ETH was estimated to be worth around $17.61. Source: Etherscan Also Read: Shiba Inu: How Many SHIB Tokens Does Elon Musk Own? Shiba Inu Investor Earns 8,392,481% Profit in 3 Years Data from Etherscan revealed that the wallet had registered only 1 SHIB transaction to date, i.e., the aforementioned “in” transaction. At press time, the SHIB holdings were worth $1,477,933.58. This marks a whopping 8,392,481% rise in value. Source: Etherscan Currently, the wallet possesses 65 tokens in general, with the majority of them ...

Bitcoin has once again fallen below $27k, currently down by 1.7% in the last 24 hours. The latest dip could be attributed to key financial events due later this week. On Tuesday, we will have the consumer confidence data and the new home sales data. On Thursday, we will get the revised GDP data for Q2 2023, pending home sales data, and US Federal Reserve Chair Jerome Powell’s speech. And lastly, on Friday, we will receive the August PCE inflation data. If last week’s macroeconomic events did not have much of an impact on the crypto markets, this week’s announcements could induce some fresh volatility for Bitcoin (BTC) and the larger market. Key Events This Week: 1. Consumer Confidence data – Tuesday 2. Building Permits/New Home Sales data – Tuesday 3. Q2 GDP Data – Thursday 4. Pending Home Sales data – Thursday 5. Fed Chair Powell Speaks – Thursday 6. August PCE Inflation data- Friday 7. Total of 6 Fed… — The Kobei...