Day: April 14, 2023

BTC Nears $31,000, as ETH Hits 11-Month High – Market Updates Bitcoin News

boss

Bitcoin moved towards the $31,000 mark on Friday, ahead of upcoming retail sales data from the United States. Sales are expected to remain flat, whilst overall consumer sentiment is forecasted to rise to 62.7, from a reading of 62.0. Ethereum extended recent gains, hitting an eleven-month high in the process. Bitcoin Bitcoin (BTC) was once again in the green on Friday, as traders pushed the price close to the $31,000 mark. BTC/USD raced to a peak of $30,848.46 earlier in today’s session, a day after trading at a low of…

Amazon Rolls Out AI Service Bedrock

Amazon Bedrock has multiple use cases, including Text Generation and Chatbots. The burgeoning AI space has welcomed an addition as Amazon launches Bedrock to take on Google and OpenAI. With Bedrock, Amazon Web Services (AWS) users will be able to build out generative AI from foundation models (FMs). ChatGPT is an example of a generative AI model that came with full force and got the world’s attention. Just as OpenAI caused a stir, Amazon is ready to cause a quake with Bedrock. Amazon Announces Bedrock Amazon Bedrock is referred to…

Meta Faces Wide Criticism over Plans to Allow Minors into Metaverse

According to the advocates, Meta will expose teenagers and young adults to harassment and privacy violations. Social media giant Meta has received a huge backlash following its recent Metaverse announcement. While its metaverse app Horizon Worlds currently serves users of 18 years and above, the platform recently revealed plans to make room for users aged 13 to 17 as well. Advocacy Groups Raise Concerns Dozens of advocacy organizations and children’s safety groups are already kicking against Meta’s decision to allow minors access to its Metaverse app. Per a Bloomberg report,…

HashKey Group to Debut Regulated Exchange in Second Quarter

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Bitcoin rallying amid global economic turmoil 

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The bitcoin (BTC) and crypto rally comes amid the turmoil in the global banking sector, fueled by the collapse of Silicon Valley Bank (SVB) in the US. While regulators stepped in and guaranteed deposits, people are still concerned about the irregularities at the regional banks in the US and elsewhere. The bank runs Two of the most crypto-friendly banks, Silvergate Capital and Signature, collapsed in March, creating a frenzy in the crypto industry. In addition, the…

Crypto Lender Amber Group Considers Potential Sale of Japan Subsidiary amid Plans to Secure Hong Kong Trading License

Amber Group could sell its subsidiary in Japan to focus more on institutional rather than retail businesses. Leading global digital asset platform Amber Group is considering a possible sale of its Japan subsidiary amid other plans. The exchange liquidity provider and validator also seeks to apply for a license in Hong Kong. Amber Group’s Hong Kong agenda comes in light of the Chinese special administrative city’s pivot toward becoming a digital asset hub. Presently, evaluating the Amber Group Japan subsidiary and its operations is part of an overarching strategic decision.…

Ethereum-based Decentralized Exchange Uniswap Launches Mobile Wallet

Uniswap’s mobile wallet will allow users to swap funds on other popular DeFi platforms such as Arbiturm, Polygon, and Optimism.  Ethereum-based popular decentralized exchange (DEX) Uniswap has recently launched a mobile wallet application in a move to promote wider DeFi adoption, as well as support the on-the-go trading on the platform. As per the April 13 announcement, the app is currently available for iOS devices in a few select countries and can be found on the Apple App store. Last month, the Uniswap team complained that Apple was blocking the…

Crypto exchange Bitrue suffers $23M hack due to hot wallet eploit

boss

Bitrue cryptocurrency exchange has suffered a hot wallet exploit that allowed the attackers to withdraw various crypto assets worth nearly $23 million. Announcing the news on April 14, Bitrue said that it had to temporarily suspend all withdrawals due to a “brief exploit” of its hot wallet. The firm expects to reopen withdrawals on April 18, 2023 after conducting additional security checks. 3/4: To conduct additional security checks, Bitrue will temporarily suspend all withdrawals and will reopen withdrawals on 18 April 2023. We seek your understanding and patience at this…

Ethereum Breaches $2,100 Following Shapella Upgrade

Gemini co-founder Cameron Winklevoss commented on the upgrade, calling it “an incredible milestone” for Ethereum.  Ethereum has breached the $2,000 barrier on the heels of the Shapella upgrade, the first major network upgrade since 2022’s Merge. The second-largest cryptocurrency is currently trading at $2,114, up 6.71% on the day and 13.96% over 7 days, outperforming Bitcoin which is up 2% over the past 24 hours and is now changing hands at $30,839. The Shapella upgrade, a portmanteau of Shanghai and Capella, is the final part of the Ethereum blockchain’s transition…