Press Releases TheBitTimes.com

US House Speaker Kevin McCarthy has stated that President Joe Biden is deciding to put the economy in jeopardy. Moreover, McCarthy has assured his willingness to come to a joint decision regarding the nation’s ongoing debt crisis and potential default. The ongoing debate followed the nation exceeding its debt limit earlier this year. Now, McCarthy is calling for the president to discuss “out-of-control government spending,” which led the country’s debt ceiling to require another increase. JUST IN: US House Speaker McCarthy says President Biden is making the decision to put the economy in jeopardy. pic.twitter.com/YwOujejY4M — Watcher.Guru (@WatcherGuru) March 30, 2023 House Speaker Calls on President Over National Debt Earlier this year, the United States exceeded its debt limit of $31.4 trillion. Subsequently, the fourth month of the year is fastly approaching with a government no closer to arriving at a solution. Moreover, a potential debt default for the US would

The recent banking failures involving the fall of Silicon Valley Bank (SVB), Signature Bank, and Silvergate Bank, have high-profile government individuals trying to find a culprit. U.S. President Joe Biden and former President Donald Trump have publicly blamed each other’s policies for the outcome, but according to some analysts, the problem might be ignorance in the banking system. Biden and Trump Scuffle on Bank Failures’ Causes The recent banking crisis that the U.S. is currently facing after the fall of three medium-size banks (Silicon Valley Bank, Signature Bank, and Silvergate Bank), has spurred a political discussion between U.S. President Joe Biden and former President Donald Trump in order to find the responsible of the biggest bank failures since the 2008 subprime mortgage crisis. Biden and Trump have been very vocal assigning the blame to each the other’s policies. On March 13, in the wake of the fall of Silicon Valley Bank, Biden reassured people about the isolated chara

The recent revelations claimed that Russia has decided to proceed with the launch of the pilot project with the digital ruble only after the adoption of the regulatory frameworks, probably in early May.  Notably, on 28 March 2023, the Russian news agency company TASS reported that the country’s CBDC wouldn’t be launched in April 2023 as announced earlier but would be delayed to the end of the month or the beginning of May. It was added that though the launch is procrastinated, the Russian banks are willing to proceed with the experiments with the digital ruble transactions and activities. Interestingly, the report stated that the postponement was directed by Anatoly Aksakov, the Head of the State Duma Committee on the Financial Market, who asserted that the legislative framework for the implementation of the ruble was not yet ready. It was added that earlier, when the launch of the CBDC was proclaimed, the bill was passed only by the first reading in the Russian Parliament

The Ethereum [ ETH ] network has not sidelined its upgrades despite the condition of the market. The Merge saw the network shift from proof-of-work [PoW] to proof-of-stake [PoS]. Following this, the community has been eagerly waiting for the Shapella hard fork. This upgrade is highly anticipated as it will allow validators to withdraw funds from the Beacon Chain. According to the core developers of the Ethereum network, the Shapella hard fork is expected to occur on the mainnet in April. On April 12, at 10:27 p.m. UTC, epoch 194,048 will mark the implementation of Shapella. It's happening Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 Client releases compatible with the upgrade are listed in the announcement below https://t.co/I0hSv9lnjz — timbeiko.eth ️ (@TimBeiko) March 28, 2023 Furthermore, Tim Beiko, the lead developer of Ethereum’s core protocol, carried out a discussion among members of the Ethereum Foundation

The entire crypto currency market was in a slump. Bitcoin [BTC] was seen dipping by 3% and almost all the assets followed suit. Binance Coin [BNB] witnessed a 5.25% plummet. This was courtesy of the allegations around Binance by the U.S. Commodity Futures Trading Commission [CFTC]. One particular asset, XRP, was defying this notion. At press time, XRP was trading for $0.4824 with a 3.24% daily surge. The asset has risen to a high of $0.4905 from a low of $0.4573 over the past week. It should be noted that the daily trading volume of the asset increased by 113%. Source – XRP/USDT Chart on TradingView As seen in the above chart, XRP witnessed steady growth over the last couple of days. This comes after witnessing consolidation for quite some time. In addition to this, the Parabolic SAR indicator formed dotted lines below the candlesticks highlighting a sense of support. Therefore, any possible downtrend is expected to be avoided. Furthermore, the XRP market entailed immense buying ac

Join Our Telegram channel to stay up to date on breaking news coverage Cutting-edge self-scanning NFT creation platform Pixia.ai has partnered with crypto-fueled electric vehicle (EV) charging network C+Charge to aid in their mission of democratizing EV carbon credits. It enables EV drivers to receive carbon credit rewards every time they charge up, and the gamifying software of Pixia.ai makes this system even more enticing for EV drivers and investors. C+Charge and Pixia Partnership Introduces 3D NFTs and Metaverse Integration for EV Drivers C+Charge, a groundbreaking platform for electric vehicle (EV) drivers, is now offering a unique opportunity to earn carbon credits every time they charge up. This innovative system has been further enhanced with Pixia’s gamifying software, making it an even more attractive proposition for both EV drivers and investors alike. As a result of a series of product upgrades and exciting announcements, C+Charge has become a hot commodity among

1. The price of the most efficient bitcoin mining rig has risen by 9% in the past two months. The rise in bitcoin prices comes as miners are finally seeing electricity prices plummet — essentially reversing a trend that squeezed their margins and caused some to go bankrupt last year. It’s becoming easier for companies to raise equity capital, allowing them to deleverage.（The Block） Read more 2. Bitcoin miner Bitfarms mined 5,167 BTC at an average mining cost of $10,000 on revenues of $142 million, gross profit of $11 million, an operating loss of $284 million and a net loss of $239 million in 2022, according to a filing with the Securities and Exchange Commission. 3. Pete Sessions introduced the resolution, noting that “PoW mining is an essential process that allows blockchain networks to remain trusted, open, and decentralized in the legislation “Cryptocurrency mining “improves the overall economic viability of renewable energy projects” through the ability to tap into excess supply,

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued rate hikes will crash stocks, bonds, real estate, as well as the U.S. dollar. He expects the next crash to be the “$1 quadrillion derivatives market.” Robert Kiyosaki on Interest Rate Hikes, Market Crashes The author of Rich Dad Poor Dad, Robert Kiyosaki, reiterated his warnings of market crashes and the danger of the Federal Reserve raising interest rates this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Thursday: Raising interest rates will crash stocks, bonds, real estate, & $ U.S. dollar. Next crash: $1 quadrillion derivatives market. $1 quadrillion is $1 thousand trillion. The Federal Reserve raised interest rates by

Bitcoin NFT inscription activity continues to rise and the launch of new BTC specific marketplaces could lay the groundwork for the next hype cycle. Bitcoin NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming together with the development of wallets and marketplaces supporting Ordinals. NFT marketplaces, Gamma and Magic Eden, added support for Bitcoin NFTs this week. While the initial response of traders has been subdued, the activity is expected to pick up soon. Improving the infrastructure around Bitcoin NFTs Bitcoin NFTs, also-known-as Ordinals, began with much fanfare in late January as they enhanced the utility and revenue of the Bitcoin blockchain. Dune dashboard from data analyst dgtl_assets shows that the Ordinals inscription activity remains robust, with nearly 580,000 NFTs inscribed in less than three months. Cumulative sum and number o

Join Our Telegram channel to stay up to date on breaking news coverage          Crypto traders have been mistakenly trading a dead token called ARbit, thinking it was Arbitrum token (ARB)          whose airdrop went live on Thursday. What: ARbit token surges 2000% after investors confused it with Arbitrum. Why: Investors were excited about Arbitrum’s airdrop which went live a few hours ago. What Next: Users have six months to claim their tokens by directly interacting with the smart contract. A dead token ARbit (ARB) has been pumping over the last week as traders mistakenly thought it was Arbitrum. The latter’s airdrop of its native token ARB went live on Thursday.  Market participants fueled a 2,000% spike in the price of the ARbit (ARB) token thinking it was ARB, the native token of Arbitrum, an Ethereum scaling blockchain. The token went ballistic from $0.00024 to a peak of $0.027 over an eight-day period. The 24-hour trading volume remains relatively high, stand

A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. “The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. “No citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as they enjoy all the privileges associated with the cryptocurrency.” Resolution to Support Bitcoin Economy A legislative proposal called House Concurrent Resolution 89 (HCR89), which expresses support for the bitcoin economy in Texas, was introduced in the state’s House of Representatives on Monday by Rep. Cody Harris. Concurrent resolutions require the approval of both the House and the Senate in the state but do not have the force of law. The resolution reads: The individuals who own bitcoin should be protected under Section 9, Article I, Texas Constitution, which states that ‘The people shall be secure in their persons, houses, papers and possessions, fr

Shiba Inu’s (SHIB) burn rate has spiked by an eye-opening 8747.47%. According to Shibburn, SHIB’s burn tracker, most of the tokens were burned by Koyo Token (KOY). With 733 million tokens decimated, Koyo Token’s latest burn is the largest SHIB burn this week. The value of the 733 million tokens is about $8000. Source: Shibburn Moreover, this is not the first time Koyo token has taken the initiative of burning a large number of SHIB tokens. On March 17th, the entity was responsible for burning nearly 924 million SHIB. The burns led to a 10960% spike in Shiba Inu’s burn rate. The cost of the tokens decimated is almost $10,000. What is Koyo Token, and why are they burning Shiba Inu? Koyo Token (KOY) went live only on ShibaSwap on March 9, 2023. At the time of its introduction, the Telegram channel only had a few users and one anonymous admin. After the launch, the telegram quickly reached the hundreds, including more than 50 Shiba Inu OGs, both past and present. The

The crypto fear and greed index is an aggregate of various components and factors of the current crypto market. The index is updated on a daily basis, and it varies. With the change in market conditions, crypto asset volatility, market statistics, trading volume, and other factors, the index changes. The index helps investors and traders make the right move in the market. The general indication is that when there is extreme fear, it could be a buying opportunity. Similarly, when there is too much greed in the market, investors should brace for a correction. Also read: Ripple CTO Drops His Two Cents on Silicon Valley Bank’s Collapse According to the data from Alternative, the Bitcoin fear & greed index has touched a 16-month high of 68. JUST IN: #Bitcoin Fear & Greed index reaches a 16-month high of 68. pic.twitter.com/4ChmeUhMoi — Watcher.Guru (@WatcherGuru) March 21, 2023 Bitcoin fear & greed index reaches a 16-month high Bitcoin entered the “g

Join Our Telegram channel to stay up to date on breaking news coverage Multinational tech giant Microsoft has begun testing a new non-custodial crypto wallet for its Microsoft Edge web extension. The upcoming Ethereum-powered web3 wallet will allow users to send and receive crypto and non-fungible tokens. Microsoft Launches New Wallet For Crypto And NFTs In a March 17 blog post, Albacore, an on-chain sleuth who first spotted the Edge Crypto Wallet, explained that the new wallet Features public keys that can be shared with others to receive payments, and private keys can be used to authorize transactions. Newest in the gauntlet of questionable upcoming Microsoft Edge Features , a crypto wallet 💸 Not really sure how to feel about this kind of thing being baked into the default browser, what are your thoughts? More screenshots of the UI in the next tweet ➡️ pic.twitter.com/GAUPiZGLIY — Albacore (@thebookisclosed) March 17, 2023 According to Albacore, the new web3 wallet is