Day: March 20, 2023

Raoul Pal says ethereum may outperform bitcoin in next bull market

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Macro guru Raoul Pal has predicted that ethereum (ETH) could hit a five-figure price in the upcoming bull cycle and outperform bitcoin (BTC) by as much as five times. ETH to beat BTC in next bull run Former Goldman Sachs executive Raoul Pal predicted that there’s a likelihood that ethereum could hit a five-figure price and outpace its biggest competitor, bitcoin, by as much as five times in the upcoming crypto bull market. Pal made the prediction in a new video on financial minimalist Jamie Currie’s YouTube channel, “Jamie Tree.”…

China Will Become a Metaverse Tech Leader During 2023 – Metaverse Bitcoin News

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A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and 6G will allow China to configure itself as a metaverse hub. China to Lead Metaverse Industry in 2023 While the interest in the metaverse seems to be waning at a worldwide level, China is still pushing to become a leader in the industry. According to…

Arbitrum IOU, Futures Markets Heat Up Ahead of ARB Token Airdrop

However, while these products are wholly speculative as of Monday, their use case might change after ARB tokens are officially issued to network participants. Traders and holders of spot ARB may then use futures products to hedge their spot holdings or gain exposure to ARB prices using a smaller amount of initial capital via leverage. Source AheadAirdropARBArbitrumFuturesHeatIOUMarketsToken CryptoX Portal

Australian Banking Association’s cost of living inquiry reveals bank pressure

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The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians. An analysis of the rising inflation and concurrent collapse of three major traditional banks — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — recently proved that more than 186 banks in the US are at risk of a similar shutdown if depositors decide to withdraw all funds. ABA’s…

Almost $20b in cryptos hit exchanges last week

According to data provided by Glassnode, roughly $19.5 billion of BTC, ETH and USDT was brought to the exchanges, last week. Bitcoin leads the inflow with $9.6 billion while the largest stablecoin was not far away, reaching the $9.5 billion mark. As the crypto markets started to recover from the collapse of U.S. banks over the past week, the inflow of the top three cryptocurrencies — bitcoin (BTC), ethereum (ETH), and tether (USDT) — has risen on exchanges. Ethereum, on the other hand, saw an inflow of $5.4 billion, per…

Major bitcoin ATM manufacturer cuts cloud service after hack 

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General Bytes, a manufacturer of bitcoin ATMs, has closed down its cloud services due to the discovery of a security flaw that enabled hackers to access users’ hot wallets and acquire confidential data such as private keys and passwords. General Bytes security breach  The bitcoin ATM manufacturer, General Bytes, has reported that a hacker was able to install and execute a Java application in its ATMs, which gave them access to user information and the ability to transfer funds from hot wallets.  On March 17-18th, 2023, GENERAL BYTES experienced a…

Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary

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More than 80 virtual asset-related firms across Mainland China and foreign nations have expressed interest in establishing a presence in Hong Kong, amid efforts from the city to become a leading hub for Web3.  In a March 20 speech in Hong Kong, the Secretary for Financial Services and the Treasury, Christian Hui, stated that Hong Kong is attracting “interest” from various crypto firms across the world since last October. Hui noted that since the Hong Kong government released its policy statement on Virtual Asset’s Development in October 2022, over 80…

Beware of fake Arbitrum Airdrops, community warns

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Ethereum layer-2 scaling solution Arbitrum’s upcoming “ARB” token Airdrop appears to have become a popular target for scammers, with the community warning of hundreds of phishing scams aimed at tricking crypto users. Announced in a March 16 post by the Arbitrum Foundation, the airdrop will send out 10 billion governance tokens via a token airdrop, allowing holders to vote on code changes. The airdrop is set for March 23. Unfortunately, the development has led to more than a few attempts from scammers to set up fake token airdrops aimed at stealing…