Bitcoin News Official Today TheBitTimes.com

The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle the charges and pay the SEC $1.409 million. SEC Chair Gary Gensler Wants to Remind Celebrities of Disclosure Laws The U.S.’s top securities regulator has charged former Boston Celtics forward Paul Pierce for unlawfully touting the cryptocurrency project called Ethereummax and the token EMAX. The Securities and Exchange Commission’s charges against Pierce follow an onslaught of enforcement actions by U.S. regulators against staking services, earn programs, stablecoins, and Do Kwon’s Terra blockchain ecosystem. According to the SEC complaint, Pierce “failed to disclose that he was paid more than $244,000 worth of EMAX tokens to promote the tokens on Twitter.” Pierce agreed to settle the charges with the SEC for ...

Shiba Inu (SHIB) lead developer Shytoshi Kusama has locked the Shibarium telegram channel. Kusama said that the group would be reopened after all documents were released. The Shibarium Telegram will only post official messages until it is open to the public. 💥💥 BREAKING 💥💥 Shytoshi Kusama locks the # Shibarium Telegram from further messaging until all documents are out! 👀 $Shib #Shiba #ShibaInu pic.twitter.com/OPiG4M05J2 — 𝐋𝖆𝖉𝖞 🔥 𝐂𝖗𝖞𝖕𝖙𝖔 (@ShibArmy_4Life) February 16, 2023 It is possible that Shiba Inu’s Shibarium Telegram channel was bombarded with queries regarding the launch. Perhaps the questioning got to a point where it became difficult to manage. However, locking up the Telegram channel until the documents are released must mean that the papers for Shibarium will be out very soon....

Join Our Telegram channel to stay up to date on breaking news coverage The US SEC recently saw a five-member panel vote on a new proposal that is supposed to build upon the 2009 Custody Rules and, essentially, make it more difficult for crypto firms to serve as custodians. The vote resulted in 4 out of 5 members voting in favor or if. The regulator has yet to officially approve the amendments to the 2009 rules , but if it happens, it will apply to custodians of all assets, which includes crypto currencies. This was confirmed in a statement by SEC Chair Gary Gensler himself, who added that, currently, there are numerous crypto platforms that offer custody services without being qualified custodians. US SEC believes that crypto custodians are not qualified The SEC believes that a qualified custodian can only be a state or federal-charted bank, trust company, savings association, registered broker-dealer, futures commission merchant, or an international financial institution....

Join Our Telegram channel to stay up to date on breaking news coverage ImmutableX has returned to the $1 price level today after a slight retracement on February 13 to $0.9696. It is trading at $1.16, and the trading volume has spiked by 161.02%, showing the growing interest among traders for the asset. It currently ranks 54 in the crypto market and has a market cap above $896 million. What is Driving ImmutableX Latest Price Surge? IMX has recorded outstanding gains in the past three days due to several factors in the crypto ecosystem. Sometimes, cryptocurrencies react to news and developmental plans in their ecosystem. Positive news often attracts more investors to acquire them, increasing demand and increasing the price.  However, negative news could create panic selling or shorting, which results in excess supply and causes a decline in the asset’s price. Here are some events in the ImmutableX community that might push the current price rally. Cross The Ages NF...

LBank Labs is the venture capitalist and blockchain accelerator arm of global crypto exchange LBank. Spearheaded by investor Czhang Lin, LBank Labs is entering the market with a 100 million USDT fund to propel the Web3 industry. He recently joined the Bitcoin.com News Podcast to talk about their investment strategy and the blockchain market: Czhang Lin, LBank Labs Czhang Lin is a Taiwanese Canadian entrepreneur, investor, and crypto pioneer. In the last five years, Lin’s knowledge of digital investment strategies has contributed to over a hundred successful crypto and blockchain projects. To learn more visit LBankLabs.com. The Bitcoin.com News podcast Features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play. This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below. Source: https://the...

Join Our Telegram channel to stay up to date on breaking news coverage Unizen (ZCX)’s price today is $0.114. ZCX’s current market capitalization stands at $32,127,465. Its total volume is at $764k. ZCX’s total circulating capital is around $254827984. Let’s take a moment and look at ZCX’s performance in the last week. ZCX’s current performance In the last 24 hours, ZCX’s price has increased by 0.038%. In the last week, its price has moved up from $0.11, which signifies a growth of 7%. In the next 6 days, it is predicted to go further up by 6.2% and reach $0.1215 by February 18, 2023. ZCX’s price volatility for the last 30 days is at 14%. Its 50-Day SMA is around $0.091, and its 200-Day SMA is at $0.105. Unizen is, at the moment, trading above its 200-Day simple moving average. Its 200-Day SMA has been signaling BUY since February 6, 2023. The price of Unison is also above the 50-day simple moving average. And much like its 200...

Join Our Telegram channel to stay up to date on breaking news coverage The U.S. Securities and Exchange Commission plans to take legal action against cryptocurrency company Paxos Trust Co. for violating investor protection laws. According to a report from the Wall Street Journal, the SEC intends to investigate and sue the Binance USD (BUSD) stablecoin issuer for selling unregistered securities.  What:  The Securities and Exchange Commission may bring legal action against Paxos, the company that issued the BUSD stablecoin. Why: SEC claims Binance USD is unregistered security; hence Paxos violated investor protection laws. What next: Paxos has 30 days to respond to the SEC justifying why the agency should not sue the company.  The sources further reveal that the SEC has sent Paxos a Wells Notice, a letter the regulator uses to notify companies of potential enforcement actions. The regulator claims that the Binance USD (BUSD) token is an unregistered security; therefore, Paxos...

DeFi is growing fast, but it has to focus on making onboarding and earning yield easy to achieve mass adoption. Decentralized finance (DeFi) was established to transform financial services so that anyone, no matter where they live or their status, can enjoy the benefits of financial sovereignty. However, before it can achieve its mission, it must first tackle the complexity, that deters millions of potential newcomers from using DeFi protocols. One critical problem is the poor user experience and complicated interfaces that plague onboarding and make services inaccessible to a mainstream audience. Onboarding and usability are key areas that hinder mass adoption. Even without the KYC (Know-Your-Customer) requirements, DeFi’s multi-step onboarding process puts services out of reach of most people.  Wallet creation and the need to purchase crypto assets to load up these wallets make non-native users more hesitant to dive into valuable services such as lending, trading, and yield farming....

The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation to transact with a still-to-be-determined tokenized asset. Central Bank of Brazil to Launch Digital Real Test Operation Later This Year The Central Bank of Brazil is accelerating the digital real project, getting close to its pilot test phase. The institution announced that it would be conducting a series of operative tests to check the functionality of the proposed architecture for the system. Fabio Araujo, the coordinator of the digital real project at the Central Bank of Brazil, explained that security and privacy would be two of the most important areas to be examined with these tests. Araujo told Broadcast: We are going to simplify the operation, but we are going to have several participa...

As more crypto users move to DEXs, DeFi aggregators offer a single access point while targeting the best deals. The sudden collapse of what was once the second-largest crypto exchange in the world has accelerated the migration from centralized exchanges (CEXs) to decentralized exchanges (DEXs). The now-bankrupt FTX still owes the equivalent of billions of dollars to users across the globe, and this is not the only instance of traders losing their funds with CEXs. The benefits of self-custody wallets and the use of decentralized finance (DeFi) applications have become more evident. However, once retail traders set foot in DeFi, they may be perplexed by the complexity of decentralized applications and the wide range of options, which adds to the confusion. DeFi is not user-friendly One could think that DeFi wouldn’t be a quest for crypto users, but this is not the case. The emerging sector has several barriers that hinder mass adoption. To begin with, the DeFi market is fragmented and h...

Nansen CEO Alex Svanevik tells Hashing It Out that he is bullish that artificial intelligence will play a major role in the future of the crypto industry. As the crypto industry attracts more users, developers are laser-focused on improving user experience , a major pain point for most new users. Artificial Intelligence has often been seen as a technology that could improve how people use and interact with crypto . In the latest episode of Hashing It Out, the integration of AI with crypto is discussed at length. Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) interviewed Nansen CEO Alex Svanevik about the importance of on-chain data and the use of artificial intelligence in crypto in Episode 8 of Hashing It Out . The narrative that artificial intelligence is taking over has intensified with the popularity of OpenAI and applications like ChatGPT. The trend has also extended into the crypto industry, which has witnessed a price surge in tokens associated with AI-related crypto proje...

Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction. The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number of inscriptions nearing 20,000. Rising Transaction Fees Help Bitcoin Miners Reap Increased Revenue Despite Falling Spot Prices Bitcoin network fees, or the average cost to transfer BTC, rose 122% during the first week of Feb. 2023. Statistics from bitinfocharts.com and ycharts.com show the average transaction on Feb. 7, 2023, was around 0.000075 BTC or $1.70 per transfer. Onchain fees on Jan. 29, ten days prior, were roughly $0.767, according to the statistics. Users generally pay lower fees than the average, and the median-sized onchain transfer using the Bitcoin network at that time was around $0.167 per transfer. As of Feb. 7, median-sized fees have increased 316% to $0.696 per transfer....

UK-based challenger bank, Revolut, is now offering staking services for Ethereum ( ETH ), Cardano ( ADA ), Polka DOT ( DOT ), and Tezos ( XTZ ). However, the bank’s staking services are only available in the UK and select EEA (European Economic Area) markets. According to Revout, customers may receive up to 11.65% back in cryptocurrency rewards for particular tokens. However, based on the staked token, returns might differ and be subjected to change. Polkadot (DOT) currently has the highest return, while Cardano (ADA) offers the lowest yield at 2.79%, and at 3.88% and 4.59%, respectively, Ethereum (ETH) and Tezos (XTZ) are in the center. More coins will be made available for staking by the bank. However, it did not specify which tokens or nations will be included next to expand the service. Will Ethereum, Cardano, Polkadot, and Tezos staking attract new users? Revolut has more than 25 million customers globally and is one of Europe’s most valued fi...

File transfer service giant We transfer announced Monday it is collaborating with blockchain platform Minima to offer a non-fungible token (NFT) minting product in March. We transfer ’s announcement details that users leveraging the Minima cooperative will be able to mint NFTs from a mobile device or computer. Wetransfer and Minima Partnership Aims to Bring NFT Minting to Mobile and Desktop Devices On Feb. 6, 2023, file sharing company We transfer , founded in 2009, revealed its entry into the NFT industry. We transfer announced a partnership with blockchain project Minima, a distributed communications network set to launch in March. Users leveraging the Minima cooperative technology will be able to mint NFTs for peer-to-peer sharing, and creators can collect royalty payments for their NFT creations. “We transfer is thrilled to work with Minima, whose vision is aligned strongly with ours to seamlessly connect people and facilitate innovation and creativity without sacrifici...

Source: Binance / Instagram Binance has announced that it is temporarily suspending US dollar withdrawals and deposits for international customers beginning February 8. In a Monday tweet, the largest crypto exchange in the world said that they "will temporarily suspend all USD bank transfers" starting Wednesday. Other transfer methods will not be affected, the exchange added, noting that it only impacts "a small proportion" of their users.  The exchange did not provide additional details, but said they "are working hard to restart the service as soon as possible." In a separate tweet, Binance US, a unit of the company that’s regulated by the Treasury Department’s Financial Crimes Enforcement Network, said that it’s not affected by the suspension. Thus the move applies only to non-U.S. customers who transfer money to or from bank accounts in dollars. The move comes as Binance has been facing banking challenges in the United States. Last ...