Day: April 4, 2023

Bitcoin is back to the $28k mark as the market rallies

boss

Bitcoin (BTC) plunged below the $28,000 market on April 3, when the top 12 cryptocurrencies moved to the red zone. However, the flagship digital currency has been showing bullish momentum with the $25 billion market recovery. On April 3, bitcoin dipped to a 24-hour low of around $27,300 as the total crypto market witnessed a $28 billion fall. It started to move upwards as key indicators show positive signs. Bitcoin is trading at roughly $28,020 at the time of writing, according to crypto.news data. The largest cryptocurrency is up by…

Justin Sun Refutes Claims of Huobi Exchange Stake Sell

boss

The rumours that crypto mogul and Tron founder Justin Sun is thinking about selling his stake in the major cryptocurrency exchange Huobi have been refuted. As much as I love a good April Fool’s Day prank, I must deny the report that @HuobiGlobal is seeking a stake buyer. Rest assured, Huobi is committed to providing our users with a safe, reliable, and innovative platform for trading and investing in cryptocurrency. ❤️ — H.E. Justin Sun 孙宇晨 (@justinsuntron) April 1, 2023 The information was revealed following a Bloomberg story that, according…

Alleged Kenyan Bill Proposes Widening Definition of Securities to Include Crypto Assets – Bitcoin News

boss

A bill seeking to put blockchain and crypto assets under the purview of the Kenyan Capital Markets Authority is supposedly set to be debated in the country’s parliament. The bill also seeks to “widen the meaning of ‘securities’ to capture digital currencies.” The persons that receive licenses from the regulator are also required to maintain records of all digital currency transactions and to pay taxes on any gains made. Bill Proposes to Widen Definition of Securities According to Amboko Julians, a Kenyan economist and blogger, the East African nation’s parliament…

Allbridge exploiter returns most of the $573K stolen in attack

boss

A large portion of the roughly $573,000 pilfered from the multichain token bridge Allbridge has been returned after the exploiter seemingly took up the project’s offer for a white hat bounty and no legal retaliation.  Allbridge tweeted on April 3 that it received a message from an individual and 1,500 BNB (BNB), worth around $465,000, was returned to the project. “The remaining funds will be considered a white hat bounty to this person,” Allbridge said. Update on the exploit 1/ Our team was contacted by the owner of https://t.co/EW1uxXBQpD. 1500…

Satellite orbiting Earth participates in the Ethereum KZG ceremony

boss

The Ethereum KZG ceremony, which aims to provide a cryptographic foundation for Ethereum scaling, has already had over 83,000 contributions of randomness from users all over the world. Now it’s receiving a contributor from outer space.  Cryptosat, a blockchain-powered satellite orbiting Earth, announced its contribution of entropy from space on April 4 at 6 a.m. UTC. The contribution will be deployed from the Crypto2 satellite. According to the announcement from Cryptosat, the satellite orbits Earth every 90 minutes following a remote course 550 km above ground, which makes it difficult…

Binance’s market share drops on CFTC suit and no-fee trading halt: Report

boss

The dominance of cryptocurrency exchange Binance in trading volume market share has slipped over the past two weeks following a lawsuit from the United States commodities regulator and its decision to halt some zero-fee trading. In an April 4 newsletter blockchain analytics platform Kaiko reported Binance “lost 16% market share of trade volume,” with its market share at 54% as of the end of Q1. The U.S. Commodity Futures Trading Commission (CFTC) sued Binance on March 27 alleging it flouted regulatory compliance through violations of derivatives laws by offering trading…

S&P Global seeks DeFi director to expand decentralized footprint

S&P Global is looking for a decentralized finance (DeFi) director who will collaborate with Chuck Mounts, S&P Global’s chief DeFi officer. Decentralized Finance (DeFi) is a fast-growing sector within the blockchain and cryptocurrency industry that seeks to provide traditional financial services, like lending and yield-bearing securities, in a decentralized and open way. With DeFi, both retail and institutional investors have access to a range of financial services. S&P Global sees future in DeFi The growth of DeFi has been nothing short of impressive in the past few years, and the…

Bitcoin ‘untouchable’ amid regulatory pressures, says analyst

boss

Bitcoin (BTC) is “untouchable” despite ongoing regulatory pressures in the crypto sector and those who don’t have some crypto exposure are “seriously silly” according to Bloomberg’s senior commodity strategist Mike McGlone.  During an April 3 stream with crypto podcaster Scott Melker, McGlone argued that unlike other cryptocurrencies such as Ether (ETH), Bitcoin couldn’t be killed by regulators because it’s more decentralized. Can #Bitcoin replace the banks? And can it remain uncorrelated if markets crash again? Discussing with weekly guests @mikemcglone11 and @daveweisberger1. It’s Macro Monday at 9:30 am EST. https://t.co/WDVCbkkWyU…