Day: December 21, 2022

50% Bitcoin Holders At A Loss, Why This Is Positive For BTC

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Bitcoin is back to its crab-like price action as macroeconomic forces fight with new developments in the crypto industry. The number one crypto by market cap has seen one of its bloodiest years, but it maintains a positive outlook for 2023.  As of this writing, Bitcoin (BTC) trades at $16,800 with sideways movement in the last 24 hours. On higher timeframes, the cryptocurrency records some losses as it was rejected from the 50-Day Simple Moving Average (SMA) at around $17,800.  BTC’s price moving sideways on the daily chart. Source: BTCUSDT…

Ankr says ex-employee caused $5M exploit, vows to improve security

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A $5 million hack of Ankr protocol on Dec. 1 was caused by a former team member, according to a Dec. 20 announcement from the Ankr team. The ex-employee conducted a “supply chain attack” by putting malicious code into a package of future updates to the team’s internal software. Once this software was updated, the malicious code created a security vulnerability that allowed the attacker to steal the team’s deployer key from the company’s server. After Action Report: Our Findings From the aBNBc Token Exploit We just released a new…

Swarm, Ethereum’s Storage Network, Announces Mainnet Storage Incentives and Web3PC Inception – Press release Bitcoin News

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press release PRESS RELEASE. Swarm, the decentralised storage and communication system built on Ethereum, is announcing the mainnet release of its storage incentives programme, a mechanism to reward storage providers, which now incorporates staking. Swarm has been in development for the past five years, having over $6 million in 2021 through a private funding round led by VCs such HashKey Capital, KR1, and NGC Ventures. Recently in September Swarm team published an updated network roadmap, and their native token BZZ reacted with a price increase up to 40%. The storage…

Coinbase secures VASP registration in Ireland

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Crypto exchange Coinbase was granted permission by the Central Bank of Ireland to act as a virtual asset service provider (VASP), according to a Dec. 21 announcement. The company’s operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup. Under the VASP registration, Coinbase Ireland will be subject to the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010. Two Coinbase entities are covered by the VASP registration: Coinbase Europe Limited and Coinbase Custody International Limited. The first provides crypto trading services…

Change in Gaming Industry Is Already Here

In 2023, P2E games are expected to skyrocket, since more and more game studios adopt the P2E mode and many players are eager to receive tangible rewards for their in-game efforts. The world of gaming is constantly evolving, with new technologies and developments always emerging. This has made the gaming community an open and receptive audience for innovative ideas and exciting new concepts. One such concept that has gained a lot of attention recently is the play-to-earn model, which aims to shake up the traditional approach to gaming and rewards.…

Sam Bankman-Fried to be Extradited to the U.S.

After less than a week in Bahamian custody, Bankman-Fried appeared at court on Monday to ask a new magistrate judge, Judge Shaka Serville, to be extradited to the U.S. The hearing appeared to come as a surprise to both Bankman-Fried’s local counsel, Jerone Roberts, and Bahamian prosecutors, and he was sent back to Fox Hill. Source

Price analysis 12/21: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

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Bitcoin and select altcoins are showing signs of a possible recovery in the near term but higher levels may continue to attract sellers. As the year comes to an end, investors will be keenly watching for a Santa Claus rally on Wall Street as many believe that if the rally does not happen, the next year may either remain flat or turn negative.  Jurrien Timmer, director of global macro at asset management giant Fidelity Investments, tweeted on Dec. 19 that the United States equities markets may remain “sideways” and choppy…