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Showing posts from May, 2023

The Sandbox And Filecoin Investors Move Towards Tradecurve

The PR esale of Tradecurve has reached a fever pitch as it has become the most favored investment option for whales. Investors across the table have a bullish take on this PR oject, which is PR ojected to make its investors millionaires in the coming years. Investors, who were earlier rooting for The Sandbox (SAND) and Filecoin (FIL), have also joined TCRV to make their portfolios better, and more stable for long-term PR ofit. The Sandbox (SAND) CEO’s Twitter Account Compromised Recently, The Sandbox (SAND) received a blow to its popularity when the Twitter account of its CEO, Arthur Madrid, was hacked. Hackers posted phishing links from the compromised account, and offered a fraudulent airdrop of The Sandbox (SAND) tokens. However, The Sandbox (SAND) was quick to issue a public warning about the security breach, and urged its users to exercise caution. The Sandbox (SAND) has been a victim of multiple hacks. PR eviously, The Sandbox’s (SAND) Instagram account was hacked. ...

Bitcoin Investors Embrace for the First Red Monthly Close in 2023

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As it turns out, Bitcoin (BTC) is eyeing the first monthly drop for the year 2023. So far this month of May, Bitcoin (BTC) is down by brought 6.5%, however, it still continues to trade at 68% gains year-to-date. advertisement With a high of $31,000, Bitcoin at one point has registered year-to-date gains of as high as 84%. However, the selling pressure this month has subdued the gains to 67%. Although Bitcoin investors showed confidence amid the banking crisis this year in March, it has been momentary. Speaking to Bloomberg, John Wu, president of Ava Labs Inc., said: “What you really need to do to get another wave of Bitcoin and crypto-asset buying is to show real utility and development to get those crypto curious people to get into the crypto ecosystem”. Bitcoin (BTC) Network Activity Along with a strong upward movement for the Bitcoin (BTC) price, the Bitcoin network activity has picked up significantly. This involves meme coins as well as non...

Litecoin Modestly Approaches The $95 Resistance Level

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May 30, 2023 at 09:56 // Price Author Coin Idol Litecoin (LTC) price has crossed the moving average lines twice since the April 21 decline. Long-term forecast for the Litecoin price: bullish However, the uptrend has stalled due to the $95 resistance level. At the time of writing, the altcoin is currently trading at $91 per unit. The market is overbought at the $95 high. Since March 23, buyers have failed to keep the price above the initial resistance level. Litecoin will reach its recent high of $103 if current resistance is broken; however, overhead resi...

Unveiling Secrets of a Successful Trader: Bitcoin (BTC) Bulls Set to Roar, Expert Opinions Inside

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Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin (BTC) remains stable around $27,100, a skilled analyst who profited from the recent crypto market recovery may become optimistic about it. In the analyst’s opinion, Bitcoin’s performance may be shifting in a positive direction. Anonymous trader DonAlt shared a recent strategy session. He has 50.8k YouTube subscribers. The fact that Bitcoin (BTC) bears couldn’t capitalize on their defense of the $30k price level indicates Bitcoin’s upward trend isn’t over. DonAlt believes the crypto market is in a long-term bull cycle, and that Bitcoin’s price could continue to rise. Investors should look for long-term opportunities to buy Bitcoin. Bitcoin’s price often falls rapidly when it encounters significant resistance, according to DonAlt. The fact that Bitcoin is currently consolidating near $30,000 can be viewed as a positive sign, he says. According to DonAlt, Bitc...

USDT market share jumps amid economic uncertainty, USDC shrinks

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Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture. The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows. In the past 12 months, Circle's USD Coin (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022. Tether's USDT is moving in a contrasting trend. The stablecoin market dominance currently sits at 65.89% from 47.04% one year ago. Its market capitalization soared to $83.1 billion, while the USDC market cap dropped to $29 billion from its $55 billion peak. In a recent interview with Bloomberg, ...

Worldcoin, the Biggest Onramp to Crypto; Says Blockchain Capital 

The venture capital company, Blockchain Capital, following a fundraising program, released an official blog post on May 24, proclaiming that the open-source protocol Worldcoin would become “the biggest onramp to crypto”, especially with its new primitive, the Proof-of-Personhood (PoP). In addition, the platform opinionated that the recently launched World App, the first wallet for the Worldcoin ecosystem, would evolve as the “most widely adopted crypto wallet”. As per recent reports, WorldCoin has raised $115 million in the Series C funding program led by Blockchain Capital. The other participants of the event included a16z, Bain Capital Crypto, and Distributed Global. The post enlisted reasons for partnering with Worldcoin pointing out that Blockchain Capital has been excited by “the quality of the team and their track record of solving hard problems and generating real traction”. In the blog post written by the researcher Spencer Bogart, he stressed the potential growth o...

EigenLayer Founder Talks Ethereum Consensus Overload on The Chopping Block

On the recent episode of Unchained’s new show, The Chopping Block hosted a thought-provoking conversation with Sreeram Kannan, the founder of EigenLayer. Kannan provided a fresh perspective on the recent precautionary post about Ethereum’s consensus, warning against excessive risk-taking. So what’s the deal with that Vitalik post on re-staking? @hosseeb and @tarunchitra discuss why Vitalik, like any religious leader, has to drop a good sermon now and then. Listen now: https://t.co/wW6h0k6ibj pic.twitter.com/Iq9kpLYfKI — Laura Shin (@laurashin) May 25, 2023 During the show, while host Robert Leshner acknowledged the risks of overloading  Ethereum’s consensus, as addressed by Vitalik Buterin in his recent blog post, he emphasized the potential benefits of supercharging Ethereum validators. He argued that if the outside economic incentives strengthen Ethereum validators, it could prove advantageous for the network. However, Kannan offered a different perspe...

Pepe Coin Surge Outshines Decline of Dogecoin and Shiba Inu

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Over the last month, the trend has been Pepe Coin. With its extraordinary price performance in a short period of time, the new meme coin has attracted a large fanbase. With over 5056% ROI in just a month, PEPE created such hype, even outshining the likes of Shiba Inu and Dogecoin . Even though Dogecoin and Shiba Inu are reigning in the meme coin realm, PEPE stole the spotlight with its rising popularity. The meme coin frenzy, which seems to have slowed down now, gave PEPE the initial moment for its notable growth. Also read: Terra’s Do Kwon Faces Bail Revocation in Montenegro Now, amidst the market turmoil that witnessed the price of major cryptocurrencies trading in the red, PEPE has surged by 4%. Source: Outlook India Pepe Coin surges amidst market chaos According to CoinMarketCap data, PEPE is trading at $0.000001414 with a 2% hike in value over the last 24 hours. PEPE went to a high of $0.000001475 from a low of $0.000001361 before falling to its current pri...

Is Shiba Inu Dead Now – Shiba Founder Deletes All Blogs and Tweets

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Join Our Telegram channel to stay up to date on breaking news coverage Shiba Inu’s pseudonymous founder, who went by the name, Ryoshi, has joined the Bitcoin founder Satoshi Nakamoto’s legacy and has deleted all the tweets and blogs yesterday. The last post by Ryoshi precisely about a year ago said, “I am not important, and one day I will be gone without notice. Take the Shiba and journey upwards frens .” But this was not the only time Ryoshi talked about disappearing. “I have said from the beginning, I am a nobody, I am not important, ” the creator allegedly said in a deleted Medium post. “Even if successful, the efforts to uncover my ‘identity’ would be insufficient. I’m just some insignificant man pounding away at a keyboard, easily replaceable. My name is Ryoshi.” In another post, the founder wrote, “ Every Shibarmy is Ryoshi. It does not represent someone but the glory of Shibarmy!.” Is Shiba I...

US gov’t seeks to forfeit crypto seized on Binance in fraud case

The US Attorney’s Office has filed a civil forfeit ure action to recover crypto proceeds of a b US iness email compromise (BEC) fraud scheme that targeted a company in Massach US etts, according to a press release on Tuesday evening. The government is looking to forfeit crypto seized from seven accounts held at crypto exchange Binance, which contain bitcoin, tether, shiba inu, Binance coin, and more. The BEC fraud in question came to the attention of investigators in March 2022, when a fraudulent email tricked the Massachusetts company into wiring almost $900,000 to a bank account in California. That money went through another bank account and was then converted to bitcoin on a crypto exchange — then, transferred through a series of other crypto addresses “in a manner consistent with tactics employed in money laundering transactions,” the release said. Eventually, a portion of the funds ended up on Binance. They were seized by authorities in August and September 2022. Read mor...

Ledger key recovery service paused amid backlash, will open-source code

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Ledger CEO Pascal Gauthier says the past week has been a “humbling experience” and apologized for the firm’s “miscommunication.” Hardware wallet company Ledger is postponing the launch of Ledger Recover following an intense week of criticism from the crypto community. In a May 23 Twitter Spaces joined by over 13,000 users, Ledger chairman and CEO Pascal Gauthier said it has been a “humbling experience” and a hard lesson in communication: “This experience has been very humbling. We miscommunicated on the launch of this product; it was not our intention to take people by surprise. So because of that, we understand the community’s direction and apologize for the miscommunication.” Gauthier revealed that in response to concerns, the firm would be accelerating its plans to open- source more of its codebase. It will start with core components of its operating system and Ledger Recover, which he stated: “won’t be released until this work is complete.” Screenshot of tweet from Pascal Gauthie...

Binance commingled funds at Silvergate: Reuters

Binance commingled customer and corporate funds in 2020 and 2021 in accounts held at Silvergate Bank, according to a new report by Reuters. The outlet alleges that Binance corporate funds were directed to an account where users were instructed to “deposit” funds in order to purchase BUSD. Binance insists these weren’t actually deposits, but were users purchasing BUSD. Binance operated several accounts at Silvergate Bank. One that was under the name of Binance Holdings, a Binance entity organized out of the Cayman Islands, was primarily used to hold corporate funds. Another account for Key Vision Development, which was controlled by Binance chief Changpeng Zhao (CZ), was used to accept deposits from non-US customers. The third account was for Merit Peak, another Cayman Islands-based firm that was also controlled by Zhao. This third account is the one where funds were reportedly commingled . These funds were reportedly used to purchase BUSD, the white-labeled Binan...

Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%

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This means Binance CEO Changpeng “CZ” Zhao agrees to raise the burn tax as LUNC price continues to dwindle with low LUNC burn rates in recent months. advertisement Binance to Support Terra Classic Increasing Burn Tax to 0.5% According to an official announcement on May 23, Binance will support Terra Classic upgrade burn tax to 0.5%. The Terra Classic network upgrade will happen at block height 12902400 , expected today at 22:00 UTC. The current data suggest the upgrade will happen before the expected time. Binance will suspend LUNC and USTC deposits and withdrawals through the Terra Classic ( LUNC ) network at 21:30 UTC. The trading activity will not get impacted during the network upgrade and users can continue to trade LUNC and USTC. The crypto exchange will open deposits and withdrawals once the Terra Classic network stabilizes after the upgrade. Other crypto exchanges such as KuCoin have also supported Terra Classic to increase the burn tax ...

BitMEX Launches Dedicated App For Hong Kong Users

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New Service For Hong Kong Users Effective from 29 May 2023, existing BitMEX users domiciled in Hong Kong , will no longer have access to the services provided by HDR Global Trading Limited through the current website or API connections. advertisement To ensure a seamless transition, Hong Kong Users will be transferred to HDR BMEX Limited , their affiliated Hong Kong entity. Starting from given date, they will exclusively receive service through the BitMEX Hong Kong mobile app, available for download. The BitMEX Hong Kong app has a comprehensive range of Features to empower users with control over their portfolios. Users can conveniently buy and sell cryptocurrencies instantly using 11 trading pairs, as well as securely purchase cryptocurrencies with over 30 currencies. Following this, any pending orders, incomplete quotations, or conversion requests will be canceled at 13:00 HKT on 29 May 2023. Remaining account balance will be transferred to Bit...