Month: March 2023

Seized exchange Bitzlato allows users to withdraw 50% of Bitcoin

boss

Russia-linked cryptocurrency exchange Bitzlato has partially restored access to user funds despite being officially seized by European authorities. Bitzlato has enabled its users to withdraw up to 50% of assets stuck on the platform due to enforcement from the United States and Europol, the firm announced on its Telegram channel on March 20. According to the statement, Bitzlato users can now restore half of their assets using the Telegram bot — bz_phoenix_bot — which allows users to move assets from the web Bitzlato account to an external wallet or exchange.…

Token bridges were a favored target for thieves in 2022

According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain thefts. Cryptocurrency bridge services were a favored target for threat actors.  Visa published the biannual threats report on March 20. On 24 pages, the document contains data on all sorts of violations that occurred in the digital payments system globally last year — from plastic card fraud schemes to malware. A separate section is dedicated to cryptocurrency and digital platforms. Quick history of blockchain-based major thefts. Source: Investopedia…

Bitcoin $30K bets greet FOMC as analyst warns over long liquidations

boss

Bitcoin (BTC) may “take out shorts” to crack $30,000 during the day’s key United States macroeconomic policy updates, analysis says. As bets pile up over how BTC price will react to the Federal Reserve’s decision on interest rates, $30,000 is in sight — but a drop to below $20,000 is not off the table. Trader plans $30,000 profit-taking Bitcoin is hours away from what popular trader Crypto Tony calls “one of the most anticipated” Fed meetings ever. The Federal Open Market Committee (FOMC) will decide on how to tweak baseline…

Magic Eden Launches Bitcoin Ordinals NFT Marketplace

Magic Eden is not the first to ride the Ordinals NFT wave. ORDX and Generative, launched in February, are two of the first Ordinals NFT marketplaces. Non-fungible token (NFT) marketplace Magic Eden is set to launch a fully audited Bitcoin NFT marketplace. This comes as Bitcoin-based Ordinals NFTs become increasingly popular. The platform will enable traders to purchase inscriptions – NFTs minted on Bitcoin’s satoshis. To facilitate the selling, buying and listing of Ordinals NFTs, Magic Eden is working on integrating support for Bitcoin wallets Hiro and Xverse. Jack Lu,…

Nike Exceeds Fiscal Q3 2023 Forecasts Despite Excess Inventory, NKE Stock Down 2% After Hours

According to Nike, inventories climbed 16% in the fiscal Q3 2023 compared to the same period in 2022. Although Nike Inc (NYSE: NKE) is still dealing with its bloated investor, which has continued to affect its China sales, the company squashed estimates in the fiscal Q3 2023. Nike released its fiscal Q3 2023 result on March 21, noting that it performed better than Wall Street’s estimates. The quarterly revenue grew 14% YoY and 19% on a currency-neutral basis to $12.4 billion. Meanwhile, the analyst’s expectation was $11.47 billion. It also…

Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation – Economics Bitcoin News

boss

The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering up the figures. Central Bank of Venezuela Owes Public Four Months of Economic Data The Central Bank of Venezuela has not published the economic data corresponding to the last four months, making economists worried about…

Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

boss

Nearly 18 months after launching its in-house central bank digital currency (CBDC), eNaira, Nigeria witnessed its massive adoption as national fiat reverses face severe shortages.  The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. While developing nations were among the first to acknowledge the importance of a CBDC in revamping fiat capabilities, the idea is yet to materialize. However, in the case of Nigeria, the lack of physical cash forced citizens to opt for the…

Class action lawyers claim YouTuber ‘BitBoy Crypto’ threatened them

boss

Lawyers representing a class action lawsuit against “BitBoy Crypto” YouTuber Ben Armstrong and other crypto influencers alleged to have promoted crypto exchange FTX have claimed Armstrong has made multiple threats against them. A March 20 court filing by the class action’s lawyers in a Florida District Court claimed Armstrong “began harassing” the lawyers after the suit was filed on March 15 with “endless phone calls, Tweets and emails” and “insulting and threatening posts on Twitter, Youtube, and other social media.” Armstrong is among several so-called “FTX influencers” named in the…