A leading crypto analytics platform reveals that more than half of Bitcoin (BTC) owners are in profit while an overwhelming majority of those who invested in Cardano (ADA) and Avalanche (AVAX) are nursing losses. New data from IntoTheBlock shows that 62% of Bitcoin holders are seeing gains in their investments while 38% are sitting on …
Monthly archives: June 2023
US prosecutors say SBF will be tried on original 8 criminal charges — for now
DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy. News Join us on social networks The criminal trial of FTX co-founder Sam Bankman-Fried will be going ahead with the eight charges he was initially pinned for by United States prosecutors …
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‘Pick your targets’ — Bitcoin analyst believes Fed will favor bulls
Fed chair Jerome Powell was “all bark, no bite” with his hawkish comments, which sent BTC price action below $25,000, says Material Indicators’ Keith Alan. Market Update Join us on social networks Bitcoin (BTC) stayed below $25,000 on June 15 after a snap reaction to United States economic policy changes saw three-month lows. BTC/USD 1-hour …
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Binance launches Bitcoin mining cloud services amid SEC crackdown in the US
Beginning June 15, users who are interested in Bitcoin mining but who lack the equipment can subscribe to Binance’s cloud mining services. News Join us on social networks Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining. Starting June 15, users that are interested in Bitcoin mining …
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Hong Kong govt pressures banking giants to accept crypto clients: Report
Hong Kong’s central bank reportedly asked major banks — including HSBC, Standard Chartered and Bank of China — why they aren’t accepting crypto exchanges as clients. News Join us on social networks The Hong Kong Monetary Authority (HKMA), which serves as the region’s central bank and regulator, has reportedly put pressure on major banks, including …
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Crypto Prime Brokerage FPG Halts Withdrawals After Suffering a $15 million Cyber Attack
Floating Point Group (FPG), an institutional trading desk that specializes in cryptocurrencies, reported having suffered a cyber attack that caused it to lose over $15 […] Go to Source
Draft GOP Bill Earns Applause from Crypto Chiefs, While Democrats Express Reservations
Digital asset leaders gathered in Congress for a second session in just one week, demonstrating their backing for a proposed piece of legislation aiming to […] Go to Source
Web 3.0 Gaming Isn’t Just About Asset Ownership – It’s Much Bigger
HodlX Guest Post Submit Your Post People think they know the value of Web 3.0 gaming – that it’s all about users owning their own in-game assets as non-fungible tokens (NFTs). This view is the most common misperception in the space, and it’s flat-out wrong. Ownership matters, but limiting the value of Web 3.0 gaming …
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US Banks Borrow $100,000,000,000 From Fed’s Emergency Lending Platform As Industry Fights Crisis of Confidence and Liquidity
The Federal Reserve’s lending program to support US banks is in high demand as borrowings shatter $100 billion. The latest data from the Fed shows that its Bank Term Fund Program (BTFP) has issued loans to the tune of $100.16 billion as of June 7th, compared to $93.61 billion borrowed the week ending May 31st. …
Crypto Analyst Details Potential Reversal Levels for Ethereum, Binance Coin and Litecoin Amid Altcoin Correction
A closely followed analyst is outlining key price levels where he believes crypto bulls would step in and ignite trend reversals for Ethereum (ETH), Binance Coin (BNB) and Litecoin (LTC). In a new video update, analyst Michaël van de Poppe tells his 163,000 YouTube subscribers that Ethereum is at risk of further downside unless it …
Bitcoin Illiquid Supply Breaks All-Time High as Crypto Markets Fight Regulatory Woes
A popular crypto analyst says one bullish sign for Bitcoin (BTC) is the king crypto’s soaring illiquid supply in the face of regulatory headwinds. In a new video update, InvestAnswers tells his 444,000 YouTube subscribers that Bitcoin’s illiquid supply has hit an all-time high at 72%, which he considers a sign of confidence in BTC’s …
AI automation could take over 50% of today’s work activity by 2045: McKinsey
Management consulting firm McKinsey & Co believes AI will have the “biggest impact” on high-wage workers. News Join us on social networks In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new …
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Hashflow assures users will be made ‘whole’ following $600K exploit
The trading platform has provided instructions for the recovery of funds lost through a contract approval vulnerability. News Join us on social networks Crypto trading platform Hashflow has assured affected users will be “made whole” following an exploit that saw at least $600,000 in digital assets removed from the platform. On June 14, blockchain security …
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‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?
A testimony given at a U.S. House hearing by the blockchain firm’s co-founder Aaron Kaplan has drawn the attention of those in the crypto space. News Join us on social networks The relatively under-the-radar crypto company Prometheum has been thrust into the spotlight after a recent testimony from its co-founder before a United States House …
Institutional crypto broker FPG halts withdrawals after $20M cyberattack
Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on Sunday evening. News Join us on social networks Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the …
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