Day: April 13, 2023

Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply

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The price of Ethereum’s Ether (ETH) token came just a few dollars from hitting $2,000 a day after the launch of the network’s long-anticipated Shanghai upgrade. Ethereum ducks sell-the-news fears On April 13, Ether’s price gained roughly 4% to reach an intraday high of $1,996 on Coinbase, ignoring the potential selloff pressure the Shanghai upgrade could potentially bring to the market. ETH/USD daily price chart. Source: TradingView To recap: the Shanghai hard fork, also known as “Shapella,” enables users to withdraw their ETH from Ethereum’s proof-of-stake smart contract. As of 09:00…

‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet – Featured Bitcoin News

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Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO of Coinbase also said he will issue an update on his ongoing $1 million-dollar bitcoin bet “soon,” noting that “the reason I did that was to draw attention to this crisis.” Balaji Envisions Fall of Western Fiat, Promotes In-Person Meetups to Build Trust Speaking remotely at the first in-person…

Italy’s Data Watchdog Seeks More Transparency of ChatGPT’s OpenAI to Lift Ban

Italy’s data protection agency Garanate has set out multiple conditions for OpenAI to implement and comply with the GDPR rules. In March 2023, the European Nation of Italy announced a ban on OpenAI’s newly released told ChatGPT, which has created a storm in the tech world. This happened on the charges of breaching data privacy rules in Italy. In the latest development, Italy’s data protection agency Garanate suggested certain actions that OpenAI must take in order to revoke the imposed ban. Earlier this month, the Italian watchdog suspected that the…

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple – Finance Bitcoin News

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Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency. Monetary Authority of Montenegro to Cooperate With Ripple on ‘National Stablecoin’ Project The Central Bank of Montenegro (CBCG) has signed an agreement with blockchain solutions provider Ripple under which the two sides will collaborate to produce a strategy and pilot program to launch the country’s central bank…

Binance Announces Support for ETH Staking Withdrawals

Withdrawals will go live on April 19 and stakers will be allowed to redeem their coins. Binance has revealed its plans to allow the withdrawal of staked Ether (ETH) through its exchange platform.  The exchange made the announcement following the successful completion of Ethereum’s highly-anticipated Shanghai upgrade on Thursday. According to the announcement, withdrawals will go live on April 19 and stakers will be allowed to redeem coins with their BETH holdings on a 1:1 basis. The Shanghai upgrade was, without a doubt, of great importance and has officially paved…

Twitter Works with eToro to Let Users Trade Stocks on Microblogging Platform

The Twitter-eToro stock-trading initiative is a milestone under Musk’s watch as the Tesla CEO strives to transform Twitter into a super-app.  Twitter is partnering with Israeli financial services facilitator eToro to bring stock trading to users of the social media giant. According to reports, starting today, Twitter users can buy and sell stocks and securities via eToro. The Twitter-eToro partnership is a rare deal for the microblogging platform’s owner Elon Musk since he assumed control last October. Furthermore, the collaboration between both companies underscores Musk’s intent to transform Twitter into a “super-app” that offers social media and…

Web3 economy to gain more traction in Africa through DeFi-based financial inclusion

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Web3 in Africa began with cryptocurrency, with blockchain technology bringing a lot of transformation regarding transparency and people’s control over their finances. The Web3 economy in Africa continues gaining traction with decentralized finance-based financial inclusion. Fonbnk, the Web3 on-ramp that allows Africans to obtain cryptocurrency assets by exchanging their airtime credits, has partnered with Tanda, a merchant network platform in East Africa, to launch an airtime trading marketplace across Tanda’s network of agents. The partnership between Tanda agents and vendors in East Africa can increase liquidity in the marketplace through the buying…

Hacker mints 1 quadrillion yUSDT after exploiting old Yearn Finance contract

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Blockchain security firm PeckShield recently detected a hack that allowed the exploiter to mint over 1 quadrillion Yearn Tether (yUSDT) from $10,000 in the latest decentralized finance (DeFi) hack.  According to the security firm, the hacker then swapped the yUSDT to other stablecoins, allowing them to take hold of $11.6 million worth of stablecoins. This includes 61,000 Pax Dollar (USDP), 1.5 million TrueUSD (TUSD), 1.79 million Binance USD (BUSD), 1.2 million Tether (USDT), 2.58 million USD Coin (USDC) and 3 million in DAI (DAI). PeckShield illustrates the flow of funds…

Dogecoin Surges 5.8% as Traders Anticipate Elon Musk’s Next Move

“It is becoming increasingly harder to not accumulate doge at those prices as it fully retraced the logo change, Elon will integrate eToro trading on Twitter, market is looking healthy, 4/20 is coming and the market showed how low it was willing to go on it during the peak of bear ($0.06c),” Tree of Alpha tweeted moments before another spike to the upside. Source