Press Releases News Today TheBitTimes.com

After a favorable period in the past months in which Shiba Inu (SHIB) has gained by more than 60%, a recent market turndown has impacted its progression, but not in a measure that should deter potential investors, according to one industry expert. The SHIB supply on cryptocurrency exchanges has recently experienced a notable decrease, reaching 7.58% on December 12. To provide context, this figure was nearly 9% in June of this year, per a post from crypto analyst Trader Kamikaze on X from December 12. “Less SHIB on exchange s generally means reduced selling pressure – setting the stage for potential gains.” Chart of decrease of SHIB supply on crypto exchanges. Source: Trader Kamikaze Reducing SHIB tokens available on trading platforms and shifting towards self-custody methods is generally considered a positive development for the meme coin’s valuation, as it removes immediate selling pressure. Contrarily, an increasing percentage of SHIB supply on exchange s may indica...

Hong Kong Police and SFC investigate Hounax, a non-licensed crypto exchange , after receiving 145 reports of fraud. Following the arrest of several individuals linked to the JPEX cryptocurrency fraud, another Hong Kong-based virtual asset trading platform, Hounax, has experienced a rug pull. According to local reports, the Hong Kong Police have received reports from 145 victims, involving a total loss of approximately HK$148 million. You might also like: DOJ doc details length of Binance founder Changpeng Zhao’s possible prison sentence The Securities and Futures Commission (SFC) of Hong Kong revealed that they had received 18 complaints related to Hounax, with the amount involved ranging from HK$12,000 to as high as HK$10 million. Julia Leung, the CEO of the SFC, clarified that Hounax is not a licensed virtual asset trading platform and has not applied for a license from the SFC. Consequently, the SFC lacks the authority to halt its operations but has included the platfor...

Binance has announced it will list Worldcoin’s native token WLD, which is already available on Huobi, OKX, and Bybit.  Binance revealed the planned listing of the WLD token in a blog post on July 24, stating that spot trading for pairs WLD/BTC and WLD/USDT opened on July 24 at 9:00 UTC.  While users can start depositing the token on the platform, Binance announced that withdrawals would also tentatively open on July 25. Worldcoin’s token will be added as a borrowable asset with WLD/USDT as the isolated margin pair. This feature will open on July 26.  You might also like: OpenAI CEO’s Worldcoin set to launch on July 24 Apart from Binance, Worldcoin has had a broad rollout across many crypto exchange s. Deposits and trading are already open on Huobi and Bybit, with the former supporting  WLD/USDT trading pair, while the latter supports WLD/USDT and WLD/USDC trading pairs.  Bybit announced that withdrawals would be available on July 25 starting 10:00 am...

Artificial intelligence tools are providing solutions to various functions and departments within major cryptocurrency exchanges. Cryptocurrency exchanges are finding novel ways to improve internal departments and functions using artificial intelligence, according to Bitget managing director Gracy Chen. Speaking to Cointelegraph editor Zhiyuan Sun during EthCC in Paris, the exchange ’s MD highlighted a number of ways in which the exchange is incorporating AI tools into everyday processes. Chen said that the company has actively asked its management team to give feedback on which AI tools and services they are using and experimenting with across departments. Related: Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC AI has been a major focal point for the wider technology industry in 2023, with large language learning models like OpenAI’s ChatGPT chatbot which has a myriad of use cases that promises to revolutionize a number of industries. Chen said that AI too...