NFT News Daily TheBittimes.com

The latest update of this Web3 security tool addresses new social engineering schemes and hacking attacks. Web3 and other blockchain-powered markets are still in their infancy, with most of the underlying technologies, economic models and coding architectures still being improved, tested and updated. While this is normal for an emerging market and technology, there are always loopholes that bad actors can exploit and target to attack their victims. In particular, with social engineering tactics, scammers manipulate users’ emotions and create a sense of trust and urgency. At the beginning of 2023, bug bounty platform Immunefi estimated that the Web3 ecosystem lost around $3.9 billion to scams and hacking attacks in 2022, with decentralized finance (DeFi) being the most targeted sector, suffering 80% of the calculated losses. Losses by quarter in 2022. Source: Immunefi Report ​​In the ever-evolving landscape of blockchain technology, two pivotal issues stand out that demand users’ atten...

According to Nansen, many long-term BAYC holders sold their NFTs. Nansen also revealed that the number of wallets holding at least one BAYC is declining. There has been a significant drop in NFT activities since 2023. According to Nansen, a blockchain data and research platform, many long-term Bored Ape Yacht Club (BAYC) NFT holders sold their NFTs in the last seven days. In a Twitter post, the research platform showed that 36 long-term holders had their BAYC NFTs for over one year. Over the last 7 days, many longtime BAYC holders have sold their NFTs 39 of them have their BAYC for over a year pic.twitter.com/jIuGBBjZMf — Nansen (@nansen_ai) June 23, 2023 Nansen also revealed that the number of wallets holding at least one BAYC is declining. As of Nansen’s post, that number had fallen below its October 2021 level. That reveals the fading interest in an industry perceived as a new frontier in emerging technologies only a few months ago. Accordi...

Well-known lawyer Thomas Gorman declares that current SEC lawsuits in the crypto space were all “winnable.” Gorman states that crypto entities want to be treated differently, even though there is no need for differential treatment. “I think Gary has a very well-laid-out agenda. People who are not listening to him are going to regret that,” said Gorman. In a recent interview, Thomas Gorman, Partner at the American law firm Dorsey & Whitney, defended the SEC’s scrutiny of the crypto industry, claiming its lawsuits were all “winnable.” Notably, Gorman specializes in defending SEC investigations and enforcement actions and criminal white-collar securities cases. “I think Gary has a very well-laid-out agenda. People who are not listening to him are going to regret that,” said Gorman, responding to the questions posed by hosts Matt Miller and Kailey of Bloomberg Crypto. Gorman explained that the rules regarding digital assets were very clear despite the cur...

MATIC skyrockets to new 7-day high amid market rally. Polygon’s recognition among the top 100 companies boosts investor trust in MATIC. Bullish momentum strengthens for MATIC with rising indicators. Polygon (MATIC) has had an impressive gain over the last 24 hours, propelling its value from a low of $0.6407 to a new 7-day peak of $0.6992. The impressive upswing was fueled by Bitcoin reaching a remarkable 6-week high of $30,737.33 and Polygon Labs gaining recognition as one of the top 100 significant companies in the world in 2023. Surreal to see @0xPolygonLabs listed as one of the 100 most influential Companies in the world for 2023. Polygon labs is committed to work for the mission of @0xPolygon protocol, to create "The value layer of the internet". The real journey of Polygon ecosystem has just begun… pic.twitter.com/ZQbie5ty6U — Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) June 21, 2023 As of press time, the bullish ...

MATIC held support at $0.59 and the price could rise to $0.68 depending on the RSI. While ADA retraced slightly, the positive MACD might water down reappearing resistance. AVAX’s volatility tried exiting contraction and could be overbought at $12.26 without the AO backing. Polygon (MATIC), Cardano (ADA), and Avalanche (AVAX) were the biggest gainers out of the top 20 tokens in the last 24 hours. This rise has been possible due to the resurgence of Bitcoin (BTC) over the previous few days. Furthermore, the coin’s return above $25,000 and breaking the $27,500 resistance has pushed it into an upward momentum while the broader market followed the same direction. MATIC Beats Resistance Out of the aforementioned three, MATIC gained the most. As bullish sentiment gradually returned, the token reached a 7-day high of $0.65. MATIC/USD 4-Hour Chart | Source: TradingView From the chart above, MATIC was able to build on the $0.59 support and cross the $0.6...

Shiba Inu (SHIB), a meme coin that has garnered considerable attention and popularity, has seen mixed performance in terms of its price. However, the project has made notable progress in terms of its utility and development efforts. Setting itself apart from other meme coins, Shiba Inu actively engages in development initiatives and maintains a regular update cycle to keep its community informed. SHIB has also made major gains in terms of price over the last seven days. According to CoinMarketCap data, SHIB is up by 5.4% in the last seven days. Data from Etherscan shows that billions of SHIB have been moved to Binance amidst the price rise. Source: Etherscan Shiba Inu whales move billions of SHIB A significant quantity of SHIB tokens, totaling 21 billion in value and equivalent to $149,940 at the current exchange rate, was transferred to Binance. The transfer occurred in two batches: one involving 10,891,899,999,999 SHIB and the other involving 2,000,000,000 SHIB. These coins were sent...

As Elon Musk battles a $258 billion lawsuit over alleged Dogecoin market manipulation, his legal team undergoes significant reshuffling. Key litigator Adam Gabor Mehes has departed, with Allison Huebert stepping in to fill the void. The rapidly evolving landscape of cryptocurrencies presents a whirlwind of stories, but none commands as much attention as Dogefather aka Elon Musk, the CEO of Tesla.  A recent development in this legal saga has seen a key figure in Musk’s legal team, Adam Gabor Mehes, filing a motion to withdraw his counsel.  According to a document filed in federal court today, attorney Adam Gabor Mehes has filed a motion to allow him to withdraw from Elon Musk’s alleged dogecoin DOGE market manipulation case. — Nancy (@nanjian14) June 20, 2023 This change in the composition of Musk’s legal team could potentially be a critical juncture in the context of a $258 billion lawsuit that Musk is currently embroiled in. Mehes’ departure ...

Andrew Kang tweeted that a decision in the Grayscale vs SEC case is expected in the coming weeks. According to Kang, the final decision will potentially expedite Bitcoin ETF approval. Justin Slaughter shared that BlackRock’s iShares division is aiming for simultaneous approval with Grayscale. Prominent crypto trader Andrew Kang tweeted on June 19 that the decision in the Grayscale versus SEC case is anticipated to arrive in the coming weeks. According to Kang, the decision could potentially expedite the approval of a Bitcoin ETF before the required 240-day period. The 240-day period is the maximum timeframe set by the SEC for reviewing and considering an application for a BTC ETF. Decision in Grayscale vs SEC case expected in next few weeks Result could tip the tables to Bitcoin ETF approval much sooner than 240 day requirement Negative headline risk now balanced with positive headline risk https://t.co/jAaIE9bQhU — Andrew Kang (@Rewkang) June 19,...

The world is increasingly embracing cryptocurrencies and the potential of Web3 technologies. With this,  Launchpad XYZ (LPX) is poised to become the go-to platform for navigating digital assets’ exciting and evolving landscape. It boasts a comprehensive suite of tools, educational resources, and access to promising web3 projects. These help Launchpad XYZ in its intention to simplify the complexities of the crypto space. It also bolsters its commitment to empowering users to explore decentralized finance’s full potential. 🌐 Join the #Web3 future with Launchpad! We’re making Web3 simple for anyone – even Grandma can use it! Find what you need with our #AI search and filter what has the most potential with our LQ score Join $LPX #Presale today 💰🎨https://t.co/yYq4jnPZiL pic.twitter.com/NAiDpLjABO — Launchpad.xyz (@launchpadlpx) April 27, 2023 LPX: Navigating the Future of Web3 with Ease LPX has quickly gained attention in the...

Join Our Telegram channel to stay up to date on breaking news coverage In response to stricter regulations and reduced market depth on centralized exchanges, crypto traders are increasingly resorting to over-the-counter (OTC) markets to access much-needed liquidity. Crypto Traders Embrace OTC Markets for Liquidity The surge in OTC demand can be attributed to various factors, including the collapse of FTX, the downfall of crypto lenders, and the recent SEC lawsuit against Binance, according to Zahreddine Touag, the head of trading at Woorton, a market-making firm based in Paris. The catalyst for this growing demand is the significant decline in market depth across exchanges. Market depth measures the liquidity of an asset by evaluating the amount of capital necessary to impact its price, typically at a 2% spread. The liquidity woes have been compounded by recent developments. Notably, influential market makers Jane Street and Jump announced a reduction in their trading activ...

Justin Sun, pledges 10,000 TUSD to an acclaimed on-chain sleuth on Twitter. Sun’s pledge is targeted at supporting Zach in a defamation lawsuit against him. MachiBigBrother sued ZachXBT for defamation over an article he published on Medium in June 2022. TRON founder, Justin Sun, has pledged 10,000 TUSD to an acclaimed on -chain sleuth with Twitter identity ZachXBT. Sun’s pledge is targeted at supporting Zach in a defamation lawsuit against him for an article he published in June 2022. According to Sun, his support for Zach stems from the beneficiary’s substantial contributions to blockchain security and his crucial role in guiding users to safeguard their funds. I'm pleased to pledge a donation of 10k #TUSD to @zachxbt. Despite not being a legal expert myself, I highly value Zach's substantial contributions to blockchain security and his crucial role in guiding our users to safeguard their funds. https://t.co/MgkVDWAmU1 https://t.co/kg0tsHRudJ ...