Analysis Today TheBitTimes.com

Faruk Fatih Özer once took a hardware wallet holding $2 billion worth of crypto through airport security while fleeing arrest. This week, he is entering prison to start a 11, 196-year prison sentence . Özer founded Thodex, Turkey’s once-largest crypto exchange, and used it — with help from his family — to steal untold sums from his customers. His brother and sister received the same, 11,196-year sentence. That is, the judge noted, more years than 50 humans could physically serve and the longest sentence ever handed down by a Turkish court. The Founder of the Crypto currency exchange Thodex, Faruk Fatih Ozer, along with his two other siblings, has been sentenced to a total of 11,196 years, 10 months, and 15 days in prison for aggravated fraud and establishing an organized crime group. #SEAToday #SEATodayNews pic.twitter.com/xrlDiOfNeb — SEA Today News (@seatodaynews) September 10, 2023 Read more: Thodex chief denies fraud, says crypto exchange was hacked ...

Key takeaways BTC continues to trade around $62k as it closes in on its all-time high price. Bitcoin Dogs’ presale will end in 12 days and has already raised over $6.3 million Bitcoin eyes its all-time high price of $69k The crypto market was bullish this week, adding 20% to its value in the last seven days as it raced to the $64k level. Thanks to this week’s rally, BTC is now closing in on its all-time high price of $6k At press time, the  price of Bitcoin stands at $61,911, down by 1% in the last 24 hours. If BTC continues its rally, it could set a new all -time high price in the coming days or weeks.  The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $65k if the bulls remain in control.  What is Bitcoin Dogs? Bitcoin Dogs could be one of the biggest beneficiaries as BTC continues to rally towards its all-time high price. It is a unique project that is launching on the...

Some cryptocurrency analysts, experts, and researchers believe we are already in a bull market since 2023. Others believe cryptocurrencies have just started rising from consolidation, while some think there is a long way ahead before getting optimistic. Dr. Martin Hiesboeck, Head of Research at Uphold, belongs to the second group. Particularly, Dr. Hiesboeck declared this cycle’s bull market start ing on January 24 through a post on X (formerly Twitter). “Today begins the biggest bull market in crypto history. Just a thought.” – Dr. Martin Hiesboeck, Head of Research at Uphold Uphold’s top researcher declares start of major crypto bull market. Source: X (@MHiesboeck) In retrospect, bear and bull markets are identified by zooming out the charts, spotting tops and bottoms in long time frames. However, the shorter the time frame, the harder to properly identify these cycles’ marks through startings and endings. Bull market? Crypto total market cap analysis Techno...

Tron (TRX) is among the cryptocurrencies making waves in the market in recent months, achieving key milestones for its on-chain metrics. After gaining almost 100% in the past year, the valuation of TRX remains a key area of focus for the crypto market, especially considering the network’s increased activity, which is likely to influence adoption. With a spotlight on the value of TRX, Finbold consulted the generative artificial intelligence (AI) platform ChatGPT, designed by OpenAI, to offer insights into how the token might trade in the future. Indeed, the query focused on both speculative bullish and bearish scenarios for Tron on January 1, 2024. To begin with, ChatGPT cautioned about the challenges of predicting cryptocurrency price s, noting that the sector is notoriously volatile. Prices are subject to various influences, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends. Speculative bullish scenario According to the...

An impending US government shutdown may be accelerating the launch of Ethereum futures ETFs, analysts suggest. Ethereum futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analyst s. On Sept. 28, Bloomberg Intelligence analyst James Seyffart said it was “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” His comments were in response to fellow ETF analyst Eric Balchunas who said he was hearing that the SEC wanted to “accelerate the launch of Ether futures ETFs.” “They want it off their plate before the shutdown,” he said, adding that he's heard the various filers to update their documents by Friday afternoon so they can start trading as early as Tuesday next week. Looking like the SEC is gonna let a bunch #Ethereum futures ETFs go next week potentially https://t.co/YoBD1d1ay8 — James Seyffart (@JSeyff) September 28, 2023 The U.S. government i...

Arbitrum’s upcoming ARB token has everyone excited about the next potential airdrop, and it looks like there’s more to come. Arbitrum developers announced an Airdrop of its governance token , ARB, to eligible users and DAOs on the Ethereum Layer-2 platform. An average user received around 625 ARB token s, which corresponds to around $625 to $1,250, according to pre-launch trading prices and popular estimations. The prospect of earning free money has instilled excitement around users looking to hunt the next airdrop opportunity. The airdrop farming activity also benefits the protocols by attracting liquidity and usage to the platform. The strategy is working well for both protocol developers and users. Moreover, the team's sale of a protocol’s token invokes securities laws, inducing significant legal risk for the developing teams. Thus, it is reasonable to assume that future protocols will use the same strategy to decentralize their protocols. Here are five potential airdrop opport...

Bitcoin's bull market is likely to start earlier than expected due to anticipation of the BTC halving and favorable macroeconomic conditions, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management. The next crypto bull market will start sooner than most people think, according to Mark Yusko, the founder and CEO of Morgan Creek Capital Management. Yusko thinks the next crypto bull run or, as he calls it, "the crypto summer ," could kick off as soon as the second quarter of this year due to the combination of more dovish central bank policies and the anticipation of the Bitcoin (BTC) halving.  While the United States Federal Reserve is unlikely to cut interest rates anytime soon, according to Yusko, the markets tend to anticipate the Fed's decisions. That means even a slowing down or a pause in interest-rate hikes would be interpreted as the signal of an imminent pivot. That would spark a positive dynamic among all risk assets, including crypto. ...