Altcoin News Official TheBitTimes.com

It is surprising that Litecoin has flown under the radar over the past few months. According to Google Trends, Litecoin’s 90-day search volume is less than Bitcoin, Ethereum, XRP, and even Solana, for a matter of fact. The visual representation is illustrated below. Source: Google Trends Now, it is ‘surprising’ because, amongst all of those assets, Litecoin is the best-performing one at the moment. If each token’s last bottom is counted, LTC is up by 130%; it’s up over BTC’s 48%, ETH’s 78%, and XRP’s 39% rise. Solana’s case is invalid since it jumped from $10 to $23 this month after the FTX fiasco. Yet, going back to the trend chart, the importance of interest cannot be taken for granted. Litecoin is still possibly going to follow Bitcoin’s rally. However, betting a gains t the ‘silver BTC’ might not be the best strategy just yet. Litecoin 4-hour and 1-day chart In this analysis, we will be drawing refe...

The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal funds. South Korea to Start Tracking Crypto Transactions in 1H South Korea’s Ministry of Justice (MOJ) reportedly announced that it will adopt a cryptocurrency tracking system within the first half of this year. In its 2023 task report, the Justice Ministry explained that the tracking system will be used to monitor and analyze cryptocurrency transactions, particularly to uncover the sources of illegal funds. The ministry was quoted by local media as saying: We will overhaul the forensic infrastructure in response to the modernization of crime. The Korean government has been talking about adopting a system to track down illegal crypto transactions for many months. In October last year, th...

Join Our Telegram channel to stay up to date on breaking news coverage MINA is one of the best-performing assets in the market at the moment. The digital asset is hitting big gains as investor excitement over it continues. However, what are the prospects for this new coin on the rise, and what should interested investors expect? MINA Outperforms the Market MINA is the native token for the Mina Protocol – a blockchain variant that looks to optimize transaction speed and security. The Mina Protocol is unique in that it is a lightweight blockchain that maintains a constant block size of just 22 kb regardless of the number of transactions being committed to it. With this size, the blockchain protocol hopes to allow anyone to operate a node and secure its network without needing special computer hardware. By keeping bloc sizes very small, Mina is looking to overcome the scalability issues that have plagued many blockchain platforms in the past. MINA token is used for proces...

A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole. New Entity to Deal With Issues in the Crypto Space in Turkey, Hopes to Increase Transparency People trading cryptocurrencies in Turkey have been estimated at over 8 million as of 2022, according to Emrah Inanc, head of the Crypto Industry Development, Monitoring and Reporting Association. The country is in the world’s top five in terms of crypto investments, he highlighted. Speaking to the Anadolu Agency, the top executive of the newly-founded organization also emphasized that transparency is crucial for the development of the crypto sector. That’s why it will first focus efforts on solving problems with crypto exchanges and improve confidence in the industry. Inanc pointed out that a number of exchanges from t...

Bitcoin has surged 10% in the past seven days, which has spurred speculation that a new bull market is beginning. While predicting the price of Bitcoin can be difficult, there are several factors to consider regarding its future prospects.  With increased adoption around the world and a commitment to innovation, Bitcoin could be on track for another bull run in the near future. Bitcoin Fear & Greed Index Enters the 'Greed' Zone After 10 Months: Here's What You Need To Know After over 2 months of hovering in the “fear” zone, the Bitcoin Fear and Greed index has now shifted to the “greed” zone once again. This indicates that investors are feeling more optimistic about the cryptocurrency market. Fear and Greed index - Source: alternative.me Bitcoin has had an impressive run this year, with its price up nearly 40%. This is a great improvement on last year's two-year low of under $16,000 and indicates a positive outlook on the original cry...

The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants. Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only41 out of 300 crypto firm applications seeking regulatory approval to date. The U.K. Financial Conduct Authority (FCA) implemented the new cryptocurrency-focused regulations on Jan. 10, 2020, to supervise businesses operating in the sector and to ensure that they’re subject to the same anti-money laundering (AML) and counter-terrorism financing (CTF) regulations as firms in traditional financial markets. A statement from the FCA has revealed that of the 265 applications that were "determined" a mere 15% of these applications were approved and registered, 74% of firms either refused or withdrew their application, while 11% were rejected. Another 35 applications are yet to be determined. While the FCA didn’t express...

Join Our Telegram channel to stay up to date on breaking news coverage As the crypto market consolidates again, several altcoins have done well to record impressive price gains. MINA is one such option, with a solid 18.77% surge in the past day. However, what are the prospects for this asset? MINA Moves With the Market After seeing some moderate losses earlier this week, the broader crypto market appears poised for gains. The market is up by 2.06% in the past 24 hours, with its total capitalization now hitting $1.05 trillion and looking to post even higher gains. MINA, an altcoin with massive potential, has followed this trend higher. The digital asset currently trades at $0.6979, an impressive 18.77% rise in the past 24 hours. MINA is among the best performers in the top 100 assets, and its prospects look attractive at the moment. Despite its price gain, it is worth noting that MINA’s technicals haven’t necessarily improved. The crypto asset is still trailing mo...

According to the latest report from Bloomberg, the Frenchman who was charged with defrauding the Mutant Ape Planet buyers has now hired Bernard Madoff’s lead criminal defense lawyer. Aurelien Michel, who allegedly defrauded more than $2.9 million in cryptocurrency, will fight the case with the help of Ira Sorkin and his law firm. Michel was arrested at the New York airport early this month. Ira Sorkin and his law firm, Mintz & Gold LLP, confirmed Michel’s representation via telephone on Tuesday. Read more: Shiba Inu Army Slams Former SHIB Burner for His Allegations Source: Analytics Insight Sorkin is trying to get Michel out on bail Michel’s initial bail was rejected by the judge on January 10. “That’s an issue we’re discussing with the government and we’re optimistic he’ll be able to make bail” at the next hearing, which is happening ‘soonish’,” said Sorkin. Michel is accused of defrauding buyers by falsely promising exclusive re...

Join Our Telegram channel to stay up to date on breaking news coverage RPL price has continued to pump this week after recording a splendid performance in 2023. The decentralized finance (DeFi) Ethereum staking platform’s value is up 16% in a week, 50% in two weeks, bringing a cumulative 88% growth in just 30 days. RPL is among the few tokens in the market that are already in the green, with gains surpassing 37% year-to-date. Intriguingly, the token is only 37.6% shy of its all-time high of $59.46 in November 2021. This massive rally can largely be attributed to a spike in demand for RPL tokens, following listing announcement on the Binance Innovation Zone roughly a week ago. Trading for RPL started on January 18, after which it soared 82% to trade new 2023 highs at $58.55. However, RPL price pulled back almost immediately and now is exchanging hands in a range between $35 and $40. Investors have different avenues to trade RPL on the Binance Innovation zone, including pa...

Bitcoin [BTC] became a point of discussion after its rally of over $23K. While BTC struggles to form prominent support, the community did not stop embracing the cryptocurrency . Coinbase’s CEO Brian Armstrong in particular was seen tweeting about Bitcoin. Earlier this week, news about Argentina and Brazil joining forces to roll out a common currency surfaced. Commenting about the same, Armstrong noted how the countries should consider Bitcoin instead. Wonder if they would consider moving to Bitcoin – that would probably be the right long term bet https://t.co/6EKJdwcSnO — Brian Armstrong (@brian_armstrong) January 23, 2023 This wasn’t all. The Coinbase CEO also retweeted Anthony Pompliano’s tweet about the U.S. national debt soaring to $31.41 trillion. Armstrong suggested that this was a “bull case for Bitcoin.” The Coinbase chief’s latest Bitcoin tweet spree was noticed by the cryptocurrency community. In addition to this,...

On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue Guidance on Virtual Currency Custodian Regulations Following the recent collapse of FTX and allegations directed at its co-founder, Sam Bankman-Fried, and top deputies, the New York Department of Financial Services (NYDFS) released guidance detailing that customer assets held by a virtual currency business must be segregated. The guidance was issued by Adrienne Harris, the superintendent of the NYDFS, and the regulator insists that virtual currency custodians need to apply a “safe regulatory framework” to protect customers and preserve trust. The NYDFS guidance provides a summary of four dif...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Calvaria is now approaching the $3 million mark for its RIA token presale. Only 5% of the tokens are available for purchase, with the IEO set to take place on January 31, 2023. Trade Batte Cards and Win Rewards Calvaria: Duels of Eternity is a new digital trading card game that is gaining popularity in the GameFi space. The game takes players into a metaverse world where they can select non-fungible token (NFT) trading cards representing different characters.  The game's objective is for players to stack their decks and use skill and knowledge to defeat opponents in battles. Calvaria also organizes tournaments where players can vie for top prizes.  Calvaria, unlike other games of its kind, is expected to include a variety of game modes that can accommodate players with different goals and preferences. There are on...

If you're interested in cryptocurrency, you've probably noticed that the price of many digital assets can be highly volatile. This can make it challenging to use cryptocurrency as a means of exchange or as a store of value. Rebase tokens, also known as elastic tokens, seek to offer a solution to this problem.  In this article, we'll explore what rebase tokens are, how they work, and whether or not they might be a good investment for you.  What Are Rebase/Elastic Tokens? Rebase tokens are a type of cryptocurrency that adjusts their supply to maintain price stability. This is in contrast to traditional cryptocurrencies, which have a fixed supply determined at the time of their creation. Rebase tokens achieve price stability through a process known as a "rebase," which is triggered at regular intervals (e.g., every 24 hours). During a rebase, the supply of the token is adjusted based on a predetermined formula.  For example, if the demand for a re...