Chain News Today TheBitTimes.com

SecuX Wallet partners with FIO Protocol to enhance the user’s experience. SecuX is one of the most distinguished blockchain security firms and manufacturers of crypto hardware wallets. Users of the SecuX wallets and corresponding apps will now have the ability to leverage the benefits of the FIO Protocol, which enhances the ease of using any cryptocurrency while significantly reducing the possibility of errors. With the FIO Protocol integration, SecuX users can also create their own custom FIO Crypto Handle. It is also a simple, human-readable wallet name on the @secux domain (e.g. [email protected]) that replaces the need to handle complex public wallet addresses. In addition to that, SecuX users will also have the option to create and purchase custom domains, and custom Crypto Handles using their custom domains. For example, someone could purchase their last name as a domain and create custom crypto handles for each family member in the format of [email protected] Other func...

Bitcoin clears $26,000 as U.S. consumer price index rises by 0.4% in Feb. 2023. The price of Bitcoin (BTC) saw a sharp uptick over $26,000 as the U.S. Department of Labor released the latest consumer price index (CPI) data for February 2023. CPI rose 0.4% last month on a seasonally adjusted basis, with the department noting that the all items index denoting inflation increased by 6% over the last year. CNBC reported that conventional markets were volatile following the release, while cryptocurrency markets reacted positively. Bitcoin saw a surge in price alongside Ether (ETH) according to data from Coinmarketcap. CPI measures the average change over time in prices paid by consumers for a basket of goods and services. It's calculated by the Bureau of Labor Statistics and is used as an indicator of inflation. CPI reflects spending patterns of consumers on items such as food, housing, transportation, clothing, medical care and recreation. It's used to adjust wages, benefits...

The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation. On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donation s via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donation s. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donation s to politicians all around the globe.  The opponents of crypto may have a strong point — it’s hard to imagine a healthy democracy where large sums of untraceable money are flowing between candidates. But the problem of “dark money” and tools to dispense it around the political system existed way before pseudonymous crypto assets arrived. The industry isn’t having the best of its moments now, but ...

The Financial Times reported that US Treasury Secretary Janet Yellen has ruled out a bailout for Silicon Valley Bank, but said the government will aid SVB depositors. Moreover, Yellen noted that the government is working alongside regulators to explore the best avenues forward. SVB Financial shook the finance sector with a sudden collapse this week. Subsequently, Yellen told CBS today of the government’s involvement in aiding creditors in what is the largest banking failure since the 2008 financial crisis. JUST IN: 🇺🇸 US Treasury Secretary rules out a bailout for Silicon Valley Bank $SIVB. — Watcher.Guru (@WatcherGuru) March 12, 2023 Government Dismisses Bailout of SVB The latter half of this past week saw a development in the banking sector that no one could see coming. Specifically, following a failure to raise capital and a bid to sell, California Regulators announce the closure of SVB Financial. Now, the entire industry is seeki...

As DeFi bleeds billions of dollars annually due to token bridge attacks, a new layer-2 solution seeks a solution from within the Bitcoin blockchain. Decentralized finance (DeFi) saw a record inflow from centralized exchanges as crypto users flocked to self-custody solutions following the FTX collapse. Over 100,000 Bitcoin (BTC) left crypto exchanges so investors could avoid third-party custody. True to the “not your keys, not your coins” mantra of Bitcoin, DeFi solves a wide array of problems associated with centralized entities. However, several reports indicate DeFi is not a fail-safe environment, as high-profile protocol exploits like Wormhole, Nomad and Ronin made headlines in 2022 for the wrong reasons. Source: Token Terminal DeFi exploiters particularly target cross-chain bridges. In fact, cross-chain bridge exploits account for more than half of all DeFi exploits since September 2020, with approximately $2.5 billion lost to these attacks. A Chainalysis report shows that token b...

Blast API Mainnet Launch has been done. After two years of development, and a successful Testnet Program, Bware Labs brings about a new generation of blockchain APIs with the mainnet launch of their flagship product, Blast! Blast’s journey towards decentralization started with the Houston Incentivized Testnet, a program created to bring the platform to the level of sustainability and security needed for maintaining best-in-industry performance after full decentralization. The purpose of the Testnet The purpose of the testnet was to verify all the technical aspects involved in the decentralization of the Blast API Platform. It also includes the Integrity and Staking protocols, scoring algorithm and in-house built proxy all of which should allow Blast to keep its superior performance within the industry even after decentralization. At the same time, Houston Testnet onboarded and prepared Node Providers for the mainnet launch while giving them the option to earn the necessary funds to joi...

Mar 09, 2023 at 08:04 // Price Author Coin Idol The price of Cardano (ADA) has dropped significantly, reaching a low of $0.31 on March 3. After the price decline on March 3, the bearish momentum subsided. Cardano price long-term forecasts: bearish The cryptocurrency asset has fluctuated between $0.31 and $0.34 over the past five days, and if the price falls below the $0.31 support, the current selling pressure may resume. On the other hand, Cardano will regain an upward momentum if the price breaks above the $0.34 resistance level or the moving average li...

FTX ’s sister company, Alameda Research , has come to a $45 million cash deal aggrement to sell its Sequoia Capital interest. The official court document filed on Wednesday, March 8, pointed out that the buying party is Al Nawwar Investments RSC Limited, a company with limited liability incorporated under the laws of the Abu Dhabi Global Market. Usually, the purchaser is required to bear the the amount of any capital contributions after the balance sheet date and on or prior to the closing date. The amount of distributions received by seller or seller’s estate, however, is excluded. Additionally, the “cure costs,” if any, are also supposed to be paid by the seller without deductions. No contributions or distributions were made by the company, thereby bringing the aggregate amount payable to $45 million. Detailing out the same, the filing noted, “ After extensive arms’-length negotiations, Seller and Purchaser entered into that certain Purchase and ...

AFKDAO Partnership with XALTE Vengeful Heroes, an eSportFi NFTgame based on Unity3D, dedicated to creating an open F2P competitive world, a low barrier to entry NFT game. The XALTE platform allows NFT holders and NFT promoters from other gaming platforms to discuss business partnerships with them. If the partnership is successful, players can be allowed to access the game with their preferred NFT. As AFKDAO announced its Partnership with XALTE. About the Partnership AFKDAO and XALTE are innovative projects that are pushing the boundaries of what is possible in the world of gaming. With their vengeful heroes and blockchain technology, they are creating a new kind of gaming experience that is both engaging and rewarding for players. AFKDAO will provide NFT liquidity to both blockchain play-to-earn games and traditional gamers, bridging the gap between the two. ­ About AFKDAO A decentralized protocol that boosts the buildup of play-to-earn economies. It provides potential investors an eas...

While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital Limited. According to Kheriba, factors such as high inflation and residents’ desire for high-return investment opportunities have drawn many to cryptocurrency. The Many Benefits of Blockchain Despite the bearish conditions that persisted in much of 2022, according to Mustafa Kheriba, the executive chairman of Iceberg Capital Limited, interest and adoption of crypto and blockchain has not dissipated. To support this assertion, Kheriba pointed to the 23rd State of the Developer report which suggests that most experienced software developers are “most likely to be working on blockchain projects.” Nevertheless, the Iceberg Capital Limited executive chairman told Bitcoin.com News interest has particularly been surging in the M...

Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador and the Central African Republic (CAR), which have already done so — declare Bitcoin (BTC) an official national currency? The International Monetary Fund (IMF) raised the issue again last week in a paper putting forth nine crypto-focused policy actions that its 190 member countries should adopt. First on its list of “don’ts” was elevating crypto to “legal tender.” Or, as the multilateral lending institution’s executive board assessment stated: “Directors generally agreed that crypto assets should not be granted official currency or legal tender status in order to safeguard monetary sovereignty and stability.” Maybe it’s not fair to ask the question with...

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian exchange, Kuna, have announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both trading platforms confirmed about the problems with such transactions. The limited processing of deposits and withdrawals in the national currency results from restrictions imposed by the National Bank of Ukraine (NBU), representatives of Binance told the crypto news outlet Forklog. The exchange has advised traders to use its peer-to-peer marketplace. “Currently, fiat channels, namely input and withdrawal through a bank card and other payment services, are temporarily suspended among crypto...

Bitcoin RSI is back at square one as the mood among traders becomes uncertain after 5% BTC price losses overnight. Bitcoin (BTC) traded around $22,400 at the March 3 Wall Street open as analysts stayed divided over the odds of a recovery. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for an inverse "Bart Simpson" on BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading flat after a flash crash overnight saw $1,000 shaved off in minutes. As Cointelegraph reported, concerns over the fate of Silvergate bank exacerbated existing market cold feet to spark a margin call cascade to $22,000. At the time of writing, only a modest comeback had taken place, while opinions diverged as to how short-term price action would play out.  "Locked in some profit here on my short at $23,200 and moved my stop loss into profit so it's risk free," a risk-off Crypto Tony told Twitter followers on the day. "Notice those who were quick t...

Join Our Telegram channel to stay up to date on breaking news coverage Cardano (ADA) has been experiencing a bearish trend since reaching a multi-month high of $0.4213 on February 16. The past week has been particularly challenging for the digital currency, with a significant price decrease as it struggles to maintain its position amidst the current sell-off across the broader crypto markets, along with negative PR. This recent negative attention stems from allegations made against its founder Charles Hoskinson on Reddit, which could potentially impact Cardano’s reputation and price further. The controversy began with an open letter posted by a Reddit user named Demesisx, who accused Hoskinson of having alt-right sympathies and making misleading statements about Cardano’s technology. Hoskinson refuted these allegations and defended himself in a post of his own. Despite Hoskinson’s response, some investors remain concerned about the potential negative impact o...

In the limited beta, Bicasso was taking user-submitted profile pictures and turning them into a work of digital art in seconds. Binance’s newly launched artificial intelligence-powered nonfungible token (NFT) generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch. On Mar. 1, the world’s largest crypto exchange Binance launched an AI-powered NFT generator called “Bicasso” in beta. Binance CEO Changpeng Zhao told users “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.” BICASSO first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its breathe now. https://t.co/BBRevAdIUc — CZ Binance (@cz_binance) March 1, 2023 The system is an AI-powered image-generation tool similar to AI-...