Day: April 10, 2023

Price analysis 4/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

boss

After days of consolidation near the local high, Bitcoin is trying to breakout and challenge the $30,000 level. Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The consumer price data on April 12 and the producer price index data on April 13 could give insight into the Federal Reserve’s future rate hikes and shake the traders out of their slumber. The dull price action in Bitcoin has not reduced the interest in it. According to Ahrefs…

An eclectic display at the 2nd Metaverse Fashion Week

boss

Inspired by success in 2022 and an impressive list of designers who attended that year’s Metaverse Fashion Week, Decentraland held another event this year from March 28–31. The week’s theme, “Future Heritage,” aimed to connect the next generation of creators with traditional fashion designers. It’s the second time digital fashion’s core members — including Zero10, DressX and The Fabricant — have participated in MVFW, though the total number of brands declined. There were two shows worth noting: Dundas, which distinguished itself with beautiful avatars last year, and Adidas, which joined…

Hong Kong’s Financial Secretary Declares Now Is the ‘Right Time’ for Web3 Adoption

“In order for Web3 to steadily take the road of innovative development, we will adopt a strategy that emphasizes both ‘proper regulation’ and ‘promoting development,’” said Chan. “In terms of proper supervision, in addition to ensuring financial security and preventing systemic risks, we will also do a good job in investor education and protection, and anti-money laundering.” Source adoptionDeclaresFinancialHongKongsSecretaryTimeWeb3 CryptoX Portal

Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin Mining – Bitcoin News

boss

After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while the editorial also alleges that one of the authors went to great lengths to investigate the story. However, bitcoin proponents disagree with the article’s premise and maintain that the Times reporter did not use current…

Fortune debuts ‘Crypto 40’; Ethereum takes top honors for protocol category

boss

In what it’s calling an industry first, Fortune released the “Fortune Crypto 40” on April 10. This analysis-based list highlights five cryptocurrency companies in each of eight categories and relies on a combination of analysis and executive polling to determine the winners. Congratulations to the Fortune Crypto 40 winners — a list of the best companies in crypto based on data and reputation in eight categories. The list is the first of its kind and recognizes crypto firms (and DAOs) built to last .https://t.co/e8WTwcZY9Y — Jeff Roberts (@jeffjohnroberts) April 10,…

Global Shipping Business Network (GSBN) Bullish on Blockchain

Blockchain technology has had a rocky start in the logistics industry, with Danish logistics firm Maersk terminating its blockchain-based supply chain platform last year. However, Hong Kong-based Global Shipping Business Network (GSBN) has not given up on blockchain applications in global trade. In fact, the nonprofit consortium sees blockchain as a crucial logistics tool in the long term. GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool, according to a report by the South China Morning Post. The platform…

Binance.US Relying on Middleman To Store User Funds As Crypto Exchange Struggles To Find Banking Partner: Report

boss

The US arm of leading crypto exchange Binance is reportedly searching for a new banking partner after Silvergate Capital and Signature Bank collapsed last month. The Wall Street Journal reports that Binance.US is struggling to find a bank that will directly hold its customers’ cash following the failure of Signature and Silvergate, which were the two most widely used banks for US crypto firms. The exchange reportedly failed to establish direct banking relationships with New Jersey-based lender Cross River Bank, which accommodates crypto and financial technology firms, and Pennsylvania-based regional…

Bitget Launches Web3 Fund | Blockchain News

Bitget, a cryptocurrency exchange, has established a Web3 Fund to provide financial assistance to venture capital businesses and projects all over the globe that are Web3-friendly. The exchange will give priority to Asian initiatives that are headed by competent teams and have clear roadmaps, with an emphasis on finding solutions to challenges that exist in the real world. Gracy Chen, managing director of Bitget, has underlined the exchange’s dedication to make Web3 a worldwide phenomenon, just like Web2 was. Web2 was a sensation that spanned the whole globe. The objective…

South Korean Crypto Exchange GDAC Loses 23% of Assets to Hackers

boss

Hackers have stolen approximately 23% of digital assets stored in GDAC’s hot wallet, the South Korea-based cryptocurrency exchange said on Monday. Seunghwan Han, GDAC’s Chief Executive Officer, confirmed the attack in a statement published on the firm’s website on Monday. In the statement, Han disclosed that the stolen custodial assets include 60.8 Bitcoin, 350.5 ETH, 10 million WEMIX tokens and 220,000 USDT. Based on the April 10, 2023, prices of the respective digital assets on CoinMarketCap, the amount of stolen digital assets were $1.7 million, $652.8 million, $11.8 million and…

Etherscan hides zero-value token transfers to deter address poisoning attacks

boss

According to an Apr. 10 post from Etherscan, the blockchain explorer has disabled the display of zero-value token transfers on its website by default. From now on, users must manually switch on the display from the website’s setting page. Etherscan says it made the update to deter “address poisoning” attacks that have phished and spammed unsuspecting users.  “Preventing scams and attacks in a neutral and scalable way is an infinite cat-and-mouse game… please feel free to share your feedback as we continue to improve.” Address poisoning is a type of…