Day: April 9, 2023

Player Wins 6 BTC Jackpot on Book of the Fallen at Bitcoin.com Games – Promoted Bitcoin News

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A thrilling adventure in Book of the Fallen by Pragmatic leads to a huge win of 6 BTC! Another Massive Win on Bitcoin.com Games It seems like the lucky streak on Bitcoin.com Games crypto casino continues with yet another player hitting the jackpot of 1,214 times their initial bet amount, and winning a life-changing amount of BTC. The latest big win came from a player who took a chance on the thrilling game Book of the Fallen by Pragmatic and ended up with a massive $170,000 payout in Bitcoin. Book…

Crypto Exchange SushiSwap Exploited – Here’s How to Ensure Your Funds Are Safe

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A smart contract bug in the popular decentralized exchange SushiSwap has led to the theft of about $3.3 million in Ethereum (ETH). According to the crypto analytics firm PeckShield, the bug is connected to the contract approval process and is related to an update that was implemented a few weeks ago. The bug led to the theft of about 1,800 ETH from a well-known crypto trader who goes by the name Sifu. SushiSwap says all hands are on deck to recover funds, if possible. The team has provided a link…

Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues – Bitcoin News

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On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees. Ordinal Inscriptions Reach 1 Million This weekend, Ordinal inscriptions reached a milestone by surpassing the 1 million mark on Saturday, April 8, 2023. Ordinal inscriptions started to see significant demand after the mining pool Luxor mined Bitcoin block No. 774,628,…

Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets – Bitcoin News

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Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction Cryptocurrencies The Prosecutor General’s Office of the Russian Federation is proposing to allow investigative bodies to set up crypto accounts and wallets under their control for storing seized digital coins that can later be sold…

Fresh insights on Terra, Binance FUD grows, CBDCs and NFTs take center stage

This week, government agencies made headlines for their involvement in the crypto scene, especially in the Terraforms Labs situation and central bank digital currency (CBDC) developments. Despite growing concerns and uncertainties surrounding Binance, the exchange remained dedicated to its growth strategy. Meanwhile, the non-fungible token (NFT) scene took center stage this week, underscoring its burgeoning prominence among investors.  South Korea shares fresh insights into Terraform Labs Government agencies also remained significantly engaged in cryptocurrency, despite a dearth of regulatory initiatives. A case in point could be seen in South Korea.…

Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish

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The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It is not only Bitcoin that is stuck inside a range. On April 7, Jurrien Timmer, director of global macro at asset manager Fidelity Investments, tweeted that the S&P 500 Index had been stuck inside a range…

Here’s how MEV bots on SushiSwap caused a $3.3m loss

A pseudonymous cryptocurrency pentester, known for their white hat hacking activities, found themselves in a race against time and malicious bots after identifying a vulnerability in SushiSwap’s RouterProcessor2 contract. The hacker managed to secure 100 ethereum (ETH) of the affected funds before malicious bots copied the attack, leading to a loss of over $3.3m (approximately 1800 ETH). The hacker, whose identity remains anonymous, tweeted today that they had successfully “white-hacked” 0xSifu for 100 ETH and were willing to return the funds if contacted. He was later thanked by Sifu in…

Community wants Arbitrum Foundation to return 700M ARB to DAO Treasury

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As per the proposal, the Foundation should proceed with its budget plan only after returning the tokens. “This is a symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation,” said a community member. Voting will end on April 14. At the time of writing, 55% of voters supported the proposal, 42% opposed it, and 2% abstained. Screenshot: AIP 1.05: Return 700M ARB to the DAO Treasury. Source: Arbitrum’s DAO. The dispute between Arbitrum’s Foundation and its community started at…

Economist Jim Rickards Says US Dollar’s Greatest Enemy as Reserve Currency Is the Treasury – Economics Bitcoin News

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Jim Rickards, an economist and the author of “Currency Wars,” says the U.S. Treasury is actually the biggest threat to the U.S. dollar’s status as a reserve currency. However, he cautioned that an increasing number of countries seeking alternatives to the dollar as a payment currency is also “a big deal,” emphasizing: “The dollar is being attacked from all sides.” Jim Rickards on U.S. Dollar Losing Reserve Currency Status Economist and “Currency Wars” author Jim Rickards has warned that despite China and other nations intensifying their efforts to reduce their…

Bank of England assembles 30 experts to design the digital pound

The Bank of England (BoE) is assembling 30 experts to design a central bank digital currency (CBDC). Designing the digital pound According to reports on April 8, the CBDC, dubbed the “Britcoin” or the “digital sterling,” will be a digitized version of the British Pound, the region’s fiat currency. The central bank plans to hire a “digital pound solution architect” and a “digital pound security architect.”  The solution architect will, among other responsibilities, have to “understand and interpret strategic and policy drivers around CBDC” while also “providing technical guidance, direction, and collaborative leadership to…