Another day, another BSC DeFi protocol gets hacked. Belt Finance has become the latest Binance Smart Chain-based decentralized finance, or DeFi, protocol to lose millions to an opportunistic hacker. The Rekt Blog, which post mortems DeFi exploits, stated that an attacker exploited a flaw in the way the protocol’s vaults calculates the value of its …
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Acting OCC head, Michael Hsu, wants greater inter-agency cooperation in establishing regulatory guidelines for the crypto sector. The Acting Comptroller of the Currency, Michael Hsu, has expressed that regulatory agencies in the United States should establish a “regulatory perimeter” for digital assets and cryptocurrencies. In an interview with Financial Times, Hsu indicated U.S. regulators will …
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Threats from China’s central government appear to have done little to quash local demand for crypto assets. As Beijing attempts to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using over-the-counter, or OTC trading desks. According to a May 31 report published by Bloomberg, there has been a significant uptick …
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Police from the UK executed a raid in an industrial unit in the West Midlands county expecting to find a cannabis farm, but instead found a big bitcoin mining facility, that was coincidentally bypassing the controls from the local power utility company to siphon energy from the main grid, stealing thousands of pounds in the …
A Chinese economist and assistant director at the International Monetary Institute of Renmin University, Qu Qiang, has predicted that “We’re all going to die” if bitcoin becomes widely adopted as a currency. He foresees our society falling into “a death spiral of deflation,” noting that “the whole society is going to shrink and self-explode.” We’re …
Financial guru Dave Ramsey has given advice on whether one should invest in cryptocurrencies, like bitcoin. Ramsey sees cryptocurrency as a get-rich-quick scheme, preferring to make his money in a “methodical” and “boring” way. Dave Ramsey’s Advice on Investing in Bitcoin and Other Cryptocurrencies Dave Ramsey has given advice on cryptocurrency investing. Michael from Dayton, …
Bitcoin Price Prediction – May 30 Bitcoin (BTC) begins to flash some signs of strength as this could mark a notable rise from its recent lows that were set earlier today. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $46,000, $50,000, $54,000 Support Levels: $28,000, $24,000, $20,000 BTCUSD – Daily Chart BTC/USD is …
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Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving cryptocurrencies. “If you ignore the above advice, you could lose all …
The infamous Joseph Maldonado, aka “Joe Exotic,” from the docuseries “Tiger King: Murder, Mayhem and Madness,” has launched his own Ethereum-based token. According to the website tiger-king.org, the project will also feature non-fungible tokens (NFTs) and the proceeds from NFT sales will go toward helping Joe Exotic’s legal defense team and tiger rescue funding. ‘Tiger …
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While a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy. Unfortunately, critics don’t highlight the amount of renewables miners use or the cogeneration applications. One project called EZ Blockchain has partnered with the Texas-based oil …
Traders are using a variety of strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Has Bitcoin price bottomed yet? …
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MATIC, EOS, XMR and AAVE could rally higher over the coming days if Bitcoin price can sustain within the $30,000 to $33,000 support zone. Bitcoin (BTC) is struggling to sustain any price level during the current pullback, indicating a lack of demand at higher levels. Does this mean that the bull trend is over and …
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Fears of a nasty pre-Memorial Day selloff in cryptocurrencies may have been overstated, early indicators suggest. Cardano’s ADA cryptocurrency was back in the spotlight Sunday, leading a tepid market recovery following news that the developer network was inching closer to launching smart contracts. Market update The combined value of all cryptocurrencies rose 4.4% on Sunday …
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Here’s what crypto and blockchain industry experts think about Elon Musk’s recent comments on cryptocurrency. Wes Levitt, the head of strategy at Theta Labs: “Musk’s tweets and the resulting effects certainly may have hurt crypto in the eyes of some institutional investors. While a good deal of investors already consider Musk a bit of a …
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The SEC says five individuals “promoted a global unregistered digital asset securities offering.” Three years and some unforgettable memes later, the Securities and Exchange Commission has announced that 5 individuals will face charges relating to promoting the Bitconnect Ponzi scheme. “The SEC’s complaint alleges that these promoters offered and sold the securities without registering the …
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