DeFi News Official Today TheBitTimes.com

The GameFi industry is on fire, and everyone is looking for their next big win. CoinMarketCap.com has recently opened a new tab named “Play To Earn,” where we can see the latest trends in the gaming world. As GameFi grows we aim to spotlight the best upcoming projects in the space. Have you ever heard of Robot Era? If not, it's time to sit up and take notice of the game making waves recently. Robot Era is a GameFi platform with a difference. One that offers players the opportunity to design and build their own robots. This allows players to use their creativity and imagination to create unique bespoke avatars. These can then participate in a variety of games and challenges. The platform is incredibly user-friendly and accessible - huge barriers to past GameFi projects. Robot Era makes it easy for anyone to get involved and start building as part of the on-boarding process. This enables users to get ready to start exploring the world of Robot Era as soon a...

Source: TradingView The Terra Luna Classic price has dropped by 3% in the past 24 hours, dipping to $0.00016896 as the wider cryptocurrency market suffers a 0.5% fall. Its current level marks a 7% decline in a week, yet LUNC remains up by 18% in the last 30 days, helped in part by the market's mini-recovery and by ongoing efforts to reduce the altcoin's supply. LUNC's decline today comes amid an increase in its 24-hour trading volume to just over $70 million, up from $60 million last week. However, it's likely that much of this additional volume has entered as part of today's selloff, with buyers trying to offload LUNC as the Terra Luna Classic community continues to argue how best to take things forwards. Terra Luna Classic Price Prediction as $70 Million Trading Volume Rushes In – Can LUNC Recover in 2023? LUNC's chart shows that traders may prefer to hold off a little until the altcoin has finished falling. Its relative strength index (pur...

Source: AdobeStock / Rawpixel.com Attackers hacked into major US online trading platform Robinhood 's social media accounts to promote a scam token. Binance CEO Changpeng Zhao soon said that the account linked to the incident had been locked. On Wednesday, the platform's official Twitter account, RobinhoodApp, posted a "reminder" to its 1.1 million followers that it was launching the RHB token on Binance Smart Chain , offering users to purchase coins for $0.0005 apiece. It included a link to the PancakeSwap platform, where the token is listed. While Robinhood did not post anything about the hack on its own account, it did admit to it in a comment section of another person's post, saying that Twitter wasn't the only account affected, and writing: "We’re aware of the unauthorized posts from Robinhood Twitter, Instagram , and Facebook profiles, which were all removed within minutes. At this time, based on our ongoing investigation, we ...

Bitcoin and Ethereum both failed to sustain the momentum they had gained and dipped past the $23,000 and $1,600 marks, respectively. This affected the overall cryptocurrency market value, as it decreased by 3.52% to reach a total of $1 trillion. Since the beginning of 2023, the cryptocurrency markets have grown, with Bitcoin values increasing by more than 40% in recent days. However, Bitcoin's rise appears to be fading as it has begun to fall below $23,000.  However, their recent downward trend could be attributed to reports indicating a surge in cryptocurrency scams last year, resulting in approximately $1 million stolen in the communities of Swift Current and Maidstone alone. Moving on, traders appear hesitant to place any strong bids ahead of this week's economic growth data from the United States. The market is now focused on fourth-quarter US GDP figures due on Thursday, which could set the tone for the Federal Reserve's policy meeting on January 31...

The world of fitness and health is constantly evolving, and the latest trend is the rise of move-to-earn (M2E) fitness apps. These apps allow users to earn rewards for their physical activity, providing an added incentive to work out and stay healthy. According to a recent market report , the global move-to-earn fitness apps market size was valued at $391.7 million in 2021 and is projected to grow at a CAGR of 18.3% leading up to 2030. This growth is driven by a number of factors, including the increasing adoption of smartphones, growing expenditure in the healthcare sector, rising prevalence of obesity, and increasing percentage of athletes. The market is also being driven by the introduction of modern technologies such as machine learning, artificial intelligence, and augmented reality in the health and fitness space. These technologies are allowing individuals to exercise at home instead of visiting gyms and fitness clubs, and are also driving the adoption of wea...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com Fight Out is positioning itself to take advantage of all that the move to earn industry has to offer by bringing health and fitness to the metaverse. Its crypto token is one of the hottest on the market right now, with almost $3 million in raised capital.  Stay Fit & Earn FightOut is a new initiative that aims to motivate users to engage in physical exercise and improve their fitness by providing incentives in the form of cryptocurrencies and NFTs. Fight Out's smart technology allows it to collaborate with users to help them reach their fitness objectives. It lets users select the fitness goals they want to achieve and which portions of their bodies to work on. The platform then creates workout programs tailored to these objectives and supports users in achieving them. Besides this, Fight Out also lets users monitor...

Source: a video screenshot. Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has written an open letter to the Digital Currency Board (DCG) board, asking for the removal of the venture capital firm's CEO Barry Silbert. Amid growing tensions between the high-profile executives of DCG and Gemini in the wake of the FTX collapse, Cameron wrote an open letter to the DCG board on Tuesday, accusing the venture capital firm and its daughter company Genesis of defrauding more than 340,000 Gemini and Earn users.  The crypto boss said DCG and its CEO Barry Silbert, as well as other key executives, deceived users by falsely claiming that crypto brokerage Genesis Global Trading, the lending arm of Genesis which is also owned by Digital Currency Group (DCG), was solvent and financially stable. He said: "They did so in an effort to mislead lenders into believing that DCG had absorbed massive losses that Genesis incurred from the Three Arrows Capital Ltd. ...

Source: Beebright/Adobe A “surge” in North Korean crypto hacks is on its way in 2023, a security provider has claimed. The South Korean media outlet Money S reported that Panda Security, a Spanish cybersecurity software firm, predicted a “surge in fraudulent activities” and attempts to “steal virtual assets” in the year ahead. The firm stated that hackers from North Korea would look to “exploit the renewed public interest in cryptocurrency” as markets recover from crypto winter. Seven-day bitcoin (BTC) prices. (Source: CoinMarketCap) Panda added that “attacks on major crypto exchanges” were also likely in 2023, and “may also harm users.” The provider added that Pyongyang would “focus more on illegal cyber activities to raise funds” from “the cryptocurrency market” in 2023. The media outlet noted that crypto has become “an important source of funding for North Korean...

Changpeng Zhao. Source: A video screenshot, Youtube/Entrepreneur ME Binance CEO Changpeng “CZ” Zhao has recently taken to Twitter to share what he thinks might be the reasons for the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange. In a lengthy Twitter thread on Saturday, CZ shared nine potential reasons behind the recent FUD, all of which are external factors.  In the first place, CZ claimed that some simply attack Binance because they are not fond of centralization and centralized platforms. "Regardless if a CEX helps with crypto adoption at a faster rate, they just hate CEX," he said.  Secondly, he said some users who lose money on trading or experience external issues may blame the exchange. "Not all cases have black-and-white right-or-wrongs." The crypto billionaire also pointed out the increasing competition and lobbying against the exchange. He specifically hinted at the fact that crypto outlet The Bloc...

Source: AdobeStock / Andriy Blokhin The United States Securities and Exchange Commission (SEC) has issued a warning regarding audits of cryptocurrency companies, saying that investors should be “very wary” about relying on a company’s proof-of-reserves. In a recent interview with the Wall Street Journal, Paul Munter, the SEC’s acting chief accountant, has warned investors "to be very wary of some of the claims   that are being made by crypto companies."  Following the unprecedented collapse of FTX, once the third-largest crypto exchange, which eroded user trust in centralized platforms, some exchanges started commissioning “proof-of-reserves” audits in order to ensure clients that their funds are safe.  A Proof of Reserves (PoR) is an independent check conducted on centralized crypto exchanges by third parties. The goal is to make sure those platforms hold the assets they claim on behalf of their clients. H...