Day: September 8, 2022

Investor Sues Korean Crypto Exchange for Delaying Coin Transfer Before Luna Crash – Exchanges Bitcoin News

boss

A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc., the company that operates the South Korean cryptocurrency exchange Upbit, has been sued by a crypto investor, a man in his 50s, Korea Joongang Daily reported Monday. The investor alleged that Upbit delayed processing his coin transfer off the exchange prior to the coin crashing, resulting in…

Ether price could ‘decouple’ from other crypto post Merge — Chainalysis

boss

Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption. In a Sept. 7 report, Chainalysis explained that the upcoming Ethereum upgrade would introduce institutional investors to staking yields similar to certain instruments such as bonds and commodities, while also becoming much more eco-friendly. The report said ETH staking is expected to offer a 10-15% yield annually for stakers, therefore making ETH an “enticing bond alternative for institutional investors” considering that treasury bonds yields offer…

Core Scientific Confirms selling 1,100 Bitcoin In August, What Was Its Impact?

boss

While the current quarter in the crypto market has been bad for many companies as Bitcoin dropped, it has been successful for some. Core Scientific has proven that market lows can be beneficial if the right opportunity is identified. The U.S-based crypto mining company produced 1,334 BTC in August and sold over 1,125 Bitcoin for $25.9 million in approximate. According to Core Scientific’s August Production and Operational updates, it operated 25,451 ASIC servers for colocation and self-mining. Also, data shows that the hash rate produced was about 21.54EH/s (hash rate…

BITCOIN: NO MORE CONFUSION ON BTC's PRICE!!!!!!!!! BTC + Crypto Price Prediction Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This Bitcoin and Cryptocurrency trading analysis applies to various exchanges, including Bybit and Binance. Tackling questions like if Bitcoin can reach all time highs again or how low BTC will crash. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. This description contains paid sponsors and affiliate links.…

Bitcoin is a ‘wild card’ set to outperform, says Bloomberg analyst

boss

Bloomberg analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out.  In a five-part Twitter thread on Sept. 7 to his 52,600 followers, McGlone explained that while the United States (U.S.) Federal Reserve tightening will likely determine the direction of the stock market, Bitcoin remains a “wildcard” that could buck the trend, stating: “Bitcoin is a wild card that’s more ripe to outperform when stocks bottom, but transitioning to be more like gold and bonds.” The commodities strategist dived…

IS BITCOIN CRASHING – GOOD INVESTMENT?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I cover what the heck is actually happening with Bitcoin and why you should not lose your shirt right now. ✅ If you would like to access my 100% FREE training on how to become financially free, go to: ✅ If you are struggling with direction in your wealth creation journey and need some focus on what your next steps should be, THIS QUICK TEST BELOW WILL HELP GUIDE YOU STEP BY STEP ⬇️ Take it HERE: and get…

Apple Shielded From Crypto Wallet App Lawsuit, Judge Rules – Featured Bitcoin News

boss

A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto. Apple Not Liable for Loss After Customer Downloaded Fake Crypto App Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California has ruled that Apple Inc. is not liable in a class action lawsuit where a fraudulent cryptocurrency…

Avalanche flash loan exploit sees $371K in USDC stolen

boss

Avalanche-based lending protocol Nereus Finance has been the victim of a crafty hack that saw a user net $371,000 worth of USD Coin (USDC) using a smart contract exploit. Blockchain cybersecurity firm CertiK was one of the first to detect the exploit on Sept. 6, indicating that the attack impacted liquidity pools on Nereus relating to decentralized exchange Trader Joe and automated market maker Curve Finance. CertiK also suggested that underlying protocols themselves were impacted, however, Curve Finance responded via Twitter on Sept. 7, stating “maybe you meant ‘assets impacted,’…

NYC HAS BANNED BITCOIN MINING?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io SoFi is the exclusive partner app of The Best Business Show. Visit for more info and start investing today Subscribe to the NEW Best Business Show Live Channel. This channel will be only be clips from the show only going forward The Best Business Show Is LIVE 11AM-1PM EST Monday – Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex…

GameStop doubles down on crypto amid a new partnership with FTX US

boss

Gaming retailer GameStop is partnering with United States crypto exchange FTX US to bring more customers to crypto and work together on online marketing initiatives.  In a Sept. 7 statement, the gaming retailer noted that the new partnership will introduce GameStop’s customers into the FTX ecosystem, including its marketplaces for digital assets, while also seeing the retailer become FTX’s “preferred retail partner in the United States.” The partnership will also see certain GameStop retail stores carrying FTX gift cards. As of Aug. 31, there are 2,970 GameStop stores across the…