Ethereum News by Thebittimes.Com

Prominent Bitcoin mining pool AntPool has committed to refund ing a record $3 million transaction fee, contingent on verification of the original owner’s identity . AntPool, a major player in Bitcoin mining, plans to return a massive $3 million transaction fee, but only if the real owner can prove their identity . This situation involves a huge fee of 83.65 BTC (about $3.1 million) just to move 55.77 BTC (close to $2.1 million). JUST IN: ANTPOOL announces steps for the user to verify personal identity for an 83 #BTC fee refund https://t.co/Bb0FTguPVQ pic.twitter.com/3Zo97OHQnY — Simply Bitcoin (@SimplyBitcoinTV) November 30, 2023 You might also like: MicroStrategy apes $593m into Bitcoin The transaction happened on Nov. 23rd, with a fee much larger than normal, over 120,000 times what it should have been. The transaction didn’t just break records for the cost of a Bitcoin transaction, but also showed how circumstances can quickly turn with digital currency. ...

The largest Bitcoin (BTC) mining pool, AntPool, intends to refund the 83 BTC ($3.13 million) overpaid fee. On November 23, an unknown address sent 55 BTC to another unknown address for a cost of 150% of the received amount. Notably, AntPool announced on November 30 the willingness to refund the owner of the 83 BTC. In the announcement, BITMAIN’s mining pool explained its security system froze the overpaid amount and provided instructions for the refund . The anonymous entity must use their private key to sign a message from the overpaying address saying “AntPool.” Then, send the signed text to the pool’s support email address in order to retrieve their funds. As announced, this process must happen until December 10, when the fees will finally be distributed to Antpool’s miners if nobody is able to prove ownership. Announcement for claiming 83BTC gas fee. Source: AntPool AntPool and F2Pool precedents for fee refunding Cryptocurrency Crypto market in limbo as techn...

Grayscale submits an updated filing for its Bitcoin ETF days after engaging in talks with the SEC. Amendments include a shift in the fee structure from monthly to daily fees. Grayscale’s ETF proposal involves the conversion of an existing investment fund. In a move signalling potential progress in the spot Bitcoin exchange-traded fund (ETF) approval process, Grayscale has submitted an updated filing for its spot Bitcoin ETF just days after engaging in talks with the US Securities and Exchange Commission (SEC). The amended S-3 prospectus reflects feedback from the SEC, showcasing the company’s responsiveness to regulatory discussions. Grayscale’s amendments to its Bitcoin ETF application Grayscale’s latest filing on November 22 involves an amended S-3 prospectus, indicating the company’s commitment to meeting SEC requirements. While Bloomberg ETF analyst James Seyffart suggests that the changes may not be groundbreaking, it ...

Pando’s ETF bid comes as several spot Bitcoin ETF applications draw closer to a final decision deadline. Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States. On the same day, investment giant BlackRock met with the country’s securities regulator to pitch an updated ETF model based on the agency’s feedback. On Nov. 29, Pando submitted a Form S-1 to the Securities and Exchange Commission — used to register securities with the agency — for the Pando Asset Spot Bitcoin Trust. Like other ETF bids, the trust aims to track Bitcoin’s price with the custody arm of the crypto exchange Coinbase to hold Bitcoin on behalf of the trust. Pando is the 13th bidder aiming to have an approved spot Bitcoin ETF in the U.S. and joins the race with a dozen others that have been bidding for SEC approval,L fwhich include BlackRock, ARK Invest and Grayscale. In a Nov. 29 X (Twitter) post, Bloomberg ETF analyst ...

Over the last several weeks, GOLD has seen its value skyrocket. Moreover, it has been identified as a possible surging asset well into the coming year. Subsequently, with that rally in mind, and room for it to continue maneuvering upward, could the GOLD price be on its way to $3000 ? Many have predicted that its recent ascension beyond $2000 is not the end for the precious metal. Indeed, experts have forecasted gold’s value to exceed its 2020 highs and eventually set new all-time marks. Could that new high exist beyond the $3000 price, however? Also Read: Gold Price Set To Surpass Record Highs in 2024 Gold Surpasses $2000 With Next Milestone Coming Into View For much of the last month, gold has seen a resurgence. Often perceived by investors as a defense against inflation, the metal has seen its price stay beyond the $2000 mark. Now, with that rally sustained for the time being, there is an eye on where the price could land in the near future. Specifically, many hav...

Bioniq operates on the Internet Computer Protocol, tapping into native Bitcoin integration to ease the network congestion and high fees associated with Ordinals inscriptions. A new Bitcoin nonfungible token (NFT) market place aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP). Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the ICP and taps into its native Bitcoin integration to power the trade of Bitcoin-based Ordinals inscriptions. Speaking to Cointelegraph on the eve of the platform’s launch, Bioniq CEO and co-founder Bob Bodily said the project has been in development since February 2023. The team has built a market place featuring Ordinals smart contracts auctions on the ICP, a complete cross-chain wallet between Bitcoin and the ICP, as well as an inscription tool. “It had only been two weeks after Casey Rodarmor released Ord 0.4.0, and I knew ...

Binance.US, the American arm of Binance, clarified their independent operation from their parent company. The SEC is reportedly probing evidence of fraudulent activities involving Binance.US. Binance’s American unit revealed that Zhao stepped down from his role as chairman of the board of directors. Binance.US, the American arm of Binance, came to X on Tuesday to clarify their independent operation from their parent company. The message, intended for their community, explains that Binance.US was launched to cater to the United States market and thereafter follows the country’s rules and regulations. This announcement coincided with the Securities and Exchange Commission’s continued efforts to probe evidence of fraudulent activities involving Binance.US. The Wall Street Journal reported on Monday that Binance’s co-founder and former CEO, Changpeng ‘CZ’ Zhao, may have a backdoor to manage assets stored on its American unit. Binance.US highlighted that it re...

A widely followed crypto analyst says that Uniswap (UNI) is on the verge of breaking out into a significant up trend . Pseudonymous crypto trader Rekt Capital tells his 371,600 followers on the social media platform X that the native token of leading decentralized exchange (DEX) Uniswap could soon flip a key resistance level into support, signaling a trend reversal. “Uniswap is on the cusp of a breakout from this macro market structure. Needs to break the top of this pattern and reclaim it as support to enter a new macro up trend .” Source: Rekt Capital/X Uniswap is trading for $6.25 at time of writing, hovering slightly above the trader’s diagonal resistance. The trader also notices that the stablecoin Tether (USDT) is declining in total crypto market cap dominance, indicating holders are swapping the stablecoin for Bitcoin (BTC) and other risk-on digital assets. “USDT Dominance is declining. Investors are becoming more risk-seeking, eager to move away ...

Crypto exchange Binance US has announced that Changpeng Zhao (CZ) will resign as chairman of the board and transfer his voting rights — but in its hurry to point out that it’s not under scrutiny by US agencies like the CFTC, Binance US forgot to mention its own SEC enforcement action. “As CZ transitions to life after Binance, he has decided to step down from his role as Chairman of our Board of Directors and transfer red his voting right through a proxy arrangement,” Binance US wrote on X on Tuesday, “whereby his interest in the company is purely economic and he will no longer be involved in our governance .” According to the announcement, the US-based crypto exchange remains “fully operational” and “well capitalized” after CZ ’s decision to sever ties — even claiming the event has provided “renewed clarity and momentum.” The news comes after CZ and Binance pled guilty to federal crimes and the 46...

New BRICS member, The United Arab Emirates (UAE) is looking to settle oil payments in local currencies and sideline the US dollar. The UAE is looking for potential countries that would like to settle payments in local currencies like the Dirham. Recent reports indicate that the UAE is looking to renew oil and gas trade agreements with 15 countries that are willing to pay local currencies for settlement. Read here to know how many sectors in the US will be affected if BRICS completely stops using the dollar for oil and gas deals. The countries that the UAE is considering to approach for Oil trade are BRICS members China, India, Russia, and Egypt. Apart from BRICS members, the UAE is looking to bring new countries into its fold that are willing to pay in local currencies and not the US dollar. Also Read: BRICS : Why Is the Indian Rupee Crashing Against the US Dollar? BRICS: The UAE Leading the Path To Promote Local Currencies, End US Dollar Dependency Source: AFP / RODGE...

As crypto losses keep surging, Australian crypto exchange Swyftx tapped TRM Labs to clamp down on scammers. Australian cryptocurrency exchange Swyftx has signed a collaboration agreement with TRM Labs, a blockchain forensic firm, in a bid to clamp down on crypto fraud after new government data reported nearly a $146 million loss in cryptocurrency. According to a blog post on Nov. 27, 2023, the companies announced the introduction of a pilot project to pay AUD $10 (~$6.6) in Bitcoin to 2,000 customers who activate two-factor authentication on their Swyftx’s accounts and successfully complete a course that has been co-made with TRM Labs. As per Swyft COO Jason Titman, the exchange has already stopped around $2 million worth of crypto scams, adding that: “Almost always the wave starts a long way from shore with scams that involve crypto . Most fraud begins on social media platforms before it makes its way through the banking system and then to exchange s.” Jason T...

Ether price struggles amid regulatory concerns and a drop in DApp usage. Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether's performance comes as the broader cryptocurrency market sentiment deteriorates, thus one needs to analyze whether  It’s possible that recent developments, such as the U.S. Department of Justice (DOJ) signaling potential severe repercussions for Binance founder Changpeng “CZ” Zhao, have contributed to the negative outlook. In a filing on Nov. 22 to a Seattle federal court, U.S. prosecutors sought a review and reversal of a judge’s decision permitting CZ to return to the United Arab Emirates on a $175-million bond. The DOJ argues that Zhao poses an “unacceptable risk of flight and nonappearance” if allowed to leave the U.S. pending sentencing. Ethereum DApps and DeFi face new challenges  The recent $46 million KyberSwap exploit on Nov. 2...

The majority of the top 100 cryptocurrencies lost a large chunk of their November profits over the past few hours FTT, BLUR, and TIA were three of the biggest losers over the past day, with all three of their prices down by over 9% AXS and DOGE were able to buck the trend as their prices jumped 14.13% and 2.76%, respectively The market intelligence platform Santiment reported today in an X post that about two-thirds of the top 100 cryptocurrencies by market cap have retraced over the past week of trading. The post also highlighted that, in only the past few hours, many of these tokens lost a big chunk of their November profits. Fear sentiment is creeping in after two thirds of the top 100 #altcoins have retraced over the past week. Particularly in the past hours, several have lost a large chunk of their November profits. If #FUD becomes prominent, #buythedip opportunities should be worth exploring. pic.twitter.com/RU44XwJyyj — Santiment (@santimentfeed) Nove...

Shiba Inu is currently trading at the $0.00000833 level and is looking to delete its fifth zero in the indices. SHIB has remained stagnant in price in Q4 of 2023 delivering little to no price swings. The dog-themed token is testing the patience of investors who want it to reach the $0.01 mark as quickly as possible. This puts SHIB under tremendous pressure as more than 1 million investors dream of the token hitting the 1-Cent mark. Also Read: Shiba Inu: $1,000 Investment in SHIB Could Turn $6,000, Profit of 500% The disappointment of not turning millionaires with SHIB is seen daily on social media posts by holders. However, let’s leave aside the $0.01 dream, as it is the long-term goal and could take many more years or decades to get there. In this article, we will highlight a short-term prediction for Shiba Inu’s price on November 30, 2023. Shiba Inu: What Will SHIB’s Price Be On November 30? Source: HDwallpaperim.com ‘Price Predictions‘, is a machine lear...

Bearish markets usually present optimal investment windows. Those who identify hidden gems during these periods often reap significant benefits. Many of us who haven’t seized these opportunities are left with regrets. However, numerous innovative and undervalued projects are frequently overshadowed by the dazzling prominence of more well-known coins. Once recognized, these projects have the potential to become 10X cryptocurrencies. Take $GALA , for instance, which spiked in value by 155% early this year. This article aims to list a few cryptocurrencies that could potentially deliver staggering growth. How did we identify these under-the-radar cryptocurrencies? Our identification process was based on several factors: innovative ideas, substantial funding, advanced blockchain development, an engaged community, and high liquidity. This information guided us in finding three undervalued tokens, each unique with distinct value propositions and the potential for long-term impact. ...

A widely followed crypto strategist believes that two altcoins running on the Ethereum (ETH) network are gearing up for a burst to the upside. Pseudonymous analyst Kaleo tells his 606,600 followers on the social media platform X that he’s bullish on ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection. The analyst shares a chart that suggests APE is taking out a diagonal resistance that has kept the altcoin in a downtrend for over a year and a half. “Not fading this APE breakout. Up until the last month, BLUR and LOOKS have both traded in lockstep with APE. NFTs are starting to pick up some momentum. I see it as only a matter of time before APE catches up. Just for reference: – BLUR is up 320% from the lows – LOOKS is up 235% from the lows – APE is up 65% from the lows. ”  Source: Kaleo/X At time of writing, APE is trading for $1.69, up over 12% in the last 24 hours....

Axie Infinity (AXS), the widely-played blockchain game and metaverse project, has unveiled a novel initiative, allowing its non-fungible token (NFT) owners the commercial rights to produce and sell authorized merchandise . This announcement coincides with Sky Mavis, the game’s developer, launching a dedicated merch store for the Axie Infinity intellectual property. According to Sky Mavis, owners of specific Axie NFTs will now have the opportunity to create and sell their products, marking a significant step into user-generated content (UGC) and commercialization. A select group of 4,877 Axie NFT holders, possessing Mystic and Origin Axies now have the freedom to utilize their NFT characters as mascots for launching businesses. The Axie team recommends possibilities such as starting Axie-themed cafes, comics, restaurants, or toy collections, thanks to the lifted restrictions. Currently, commercial restrictions apply to less than 5,000 out of the 11.9 million total Axie monste...

Coinbase COIN Stock Surges 49.7%, Hits 18-Month High. In a remarkable turn of events, Coinbase, the leading cryptocurrency exchange, has witnessed a stunning 49.7% surge in its stock price over just 24 hours. This surge, which has propelled Coinbase’s stock to its highest level since May 2022, has set the crypto world abuzz with speculation about the emergence of a new bull market. Coinbase’s Rapid Ascent Coinbase, listed on the Nasdaq under the ticker symbol COIN, had been trading at a modest $77 at the beginning of November. However, it has since skyrocketed to an impressive $115.93, showcasing a robust bullish momentum that hasn’t been witnessed in quite some time. This surge is especially significant as it marks the highest price level COIN has reached since May 2022, when the entire cryptocurrency market entered a year-long bearish phase. Key Indicators of Strengt h The fact that Coinbase has now exceeded its 50-day moving average (MA)...