Altcoin News Daily Official TheBitTimes.com

Rumors have been circulating that Coinbase is issuing Bitcoin IOUs (or “paper Bitcoin”) to BlackRock, which ultimately was manipulating the price of crypto lower. Coinbase CEO Brian Armstrong, as well as other industry experts, quickly put the rumors to bed on Monday, after an X user brought the rumors to light over the weekend. X crypto analyst Tyler Durden accused Coinbase of allowing BlackRock to borrow Bitcoin without providing collateral. This in turn would cause price swings in the asset, allowing BlackRock to manipulate the market and swing prices. Durden’s allegations came following a post from Tron founder Justin Sun on X. Sun described Coinbase’s new wrapped bitcoin product (cbBTC) as “trust me.” The product lacked Proof of Reserves or audits, technically meaning that the product could freeze balances at any time. “Any U.S. government subpoena could seize all your BTC,” Sun said. “There’s no better representation of central bank Bitcoin than this. It’s ...

After Ripple made a transfer of 150 million XRP to an unknown wallet, the price of the cryptocurrency involved has soared over 12%, and rumors have surfaced that the blockchain company could be nearing its settlement of the case with the United States Securities and Exchange Commission (SEC). Indeed, the Ripple team has transferred 150 million XRP to an unknown crypto wallet, which some have suggested might have to do with the upcoming SEC meeting at the Commission’s headquarters in Washington DC on July 18, which will discuss settlements and litigation resolutions. XRP VS SEC settlement. Keep your eyes on July 18th, 2024. pic.twitter.com/9lwbbj4wMa — Elon Musk ( Parody ) (@argosaki) July 14, 2024 As a result of these rumors and due to the hopes of the crypto community that the settlement in the long-running courtroom standoff concerning the sales of XRP to institutional buyers might be near, the price of XRP has increased nearly 40% on its weekly chart, a...

Charles Hoskinson, the founder of Cardano, has clarified misconceptions and denied claims of collaboration with Ripple. He emphasized that he is frequently mistaken for Vitalik Buterin, the co- founder of Ethereum. Hoskinson utilized Twitter to address and rectify the ongoing misunderstandings within the cryptocurrency industry. Why do I keep seeing people claim I worked at Ripple as an intern? I never worked for them in any capacity. You're confusing me for Vitalik who I believe was an intern — Charles Hoskinson (@IOHK_Charles) June 23, 2023 The Rumor There has been a persistent rumor among crypto enthusiasts that Hoskinson was once an intern for Ripple. However, Hoskinson himself has denied this claim in a recent tweet. He expressed confusion about why such rumors persist and firmly stated that he has never worked for Ripple in any capacity. Instead, he clarified that people might confuse him with Vitalik Buterin, who interned at a California-based technology star...

While several theories emerged, the Binance CEO asserted that no BTC or BNB trading activity is happening behind the scenes. Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its native token Binance Coin (BNB). The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating the market to artificially inflate the value of BNB. In a June 13 tweet, CZ said that Binance had not sold any of their BTC or BNB, adding that the crypto exchange still held “a bag” of FTX Token (FTT) — the native token of the now-defunct crypto exchange FTX. 4. Binance have not sold BTC or BNB. We even still have a bag of FTT. It is amazing they can know exactly who sold based on just a price chart involving millions of traders. FUD. ‍️ pic.twitter.com/M3MUH2bFRE — CZ Binance (@cz_binance) June ...