Day: April 18, 2023

Unchained raises $60M to offer collaborative custody Bitcoin services

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Texas-based Unchained Capital hopes to undermine single points of failure and mitigate counterparty risk with its substantial $60 million raise, led by Valor Equity Partners. The bear market grind has not deterred a $60 million raise from a Bitcoin-only company.  Unchained, a financial services provider for Bitcoin (BTC) holders, has announced a $60 million Series B funding round led by Valor Equity Partners. NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners also participated. Unchained Capital provides a more secure way to hold fees than storing crypto on centralized…

Exploit targets crypto veterans, drains over $10M across 11 blockchains

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An as-of-yet unidentified wallet-draining exploit has taken more than $10.5 million in nonfungible tokens (NFTs) and coins since December 2022 from experienced community members who were “reasonably secure.” MetaMask developer Taylor Monahan brought the issue to light and said that at least 5,000 Ether (ETH) had been stolen, but also noted that the extent of the losses has not yet been determined. Monahan highlighted that “no one knows how” the exploit works yet. For the past 48hrs I’ve been unwinding a massive wallet draining operation I don’t know how big…

Bitcoin ‘mega whales’ send BTC price to $30K as volatility hits crypto

Bitcoin (BTC) returned above $30,000 on April 18 as volatility preceded the day’s Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin erases intraday losses Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as the pair suddenly added $500, delivering daily gains of more than 3%. The pair had previously worried traders, who watched as $30,000 support looked set to remain as longer-term resistance. The fact that #BTC went for another retest of the Higher High in a short space of time was a cause for concern…

Crypto Exchange Bybit Opens Global Headquarters in Dubai

The exchange has expressed its commitment to building a diverse and dynamic team both in Dubai and globally. Cryptocurrency exchange Bybit has opened its global headquarters in Dubai, with plans to strengthen its presence in the Middle East and North Africa (MENA) region. The firm’s corporate headquarters occupies an entire floor at One Central, Dubai World Trade Centre with an open space of 16,000 square feet. 👉🏻 Join our Dubai HQ Opening Celebration here: https://t.co/syICipGF4x — Bybit (@Bybit_Official) April 18, 2023 Bybit is among the first exchange services to receive…

Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?

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Ethereum’s Ether (ETH) token has entered a sharp price recovery a week after hitting a six-month low versus Bitcoin (BTC).  On April 18, the widely-tracked ETH/BTC pair reached 0.0709 BTC, up about 15% from its local bottom of 0.0602 BTC six days ago. Now, the pair eyes a run-up toward 0.075 BTC by June, based on the fractal setup previously discussed here. ETH/BTC daily price chart. Source: TradingView Ethereum’s Shapella FOMO Interestingly, Ether’s local bottom formation versus Bitcoin occurred on the day of Ethereum’s long-awaited Shapella upgrade. The hard fork enables…

Crypto Exchange Luno to Withdraw From Singapore

CryptoX – Cryptocurrency Analysis and News Portal Luno has informed the Monetary Authority of Singapore (MAS) that is withdrawing its application for a license to operate in the southeast Asian city state. The exchange said it has taken the decision as part of an “evaluation of [its] global strategy and presence.” Source The post Crypto Exchange Luno to Withdraw From Singapore appeared first on CryptoX. CryptoX Portal

Bitcoin Regains $30K as Alts Heat Up

Bitcoin has regained $30,000 on Tuesday after it had fallen to a 24-hour low of $29,100. The cryptocurrency was up 2.5% in the past 24 hours, and ether and other altcoins also rose. Ether climbed 1.3% to hold above $2,000. “There is potential for positive momentum in alts now, and the downside risk is limited, as most altcoins are still in limbo; you can think of it as a BTC take-profit and high-beta trade,” Matteo Bottacini, a trader at Crypto Finance AG, wrote in a morning note. Radix, a blockchain…

ETH Back Above $2,100, as BTC Rebounds From 1-Week Low – Market Updates Bitcoin News

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Ethereum moved back above $2,100 on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China. Chinese GDP rose by 4.5% during the first quarter of the year, higher than the 4% expected. Bitcoin rebounded from earlier losses. Bitcoin Bitcoin (BTC) rebounded from a one-week low on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China. BTC/USD dropped to a low of $29,154.85 earlier in today’s session, before climbing to a peak of $29,944.78 as the day matured. The low sent…

ChatGPT Can Predict Stock Moves from News Headlines and Decode Fed Speak

The researchers also stated that ChatGPT could beat the commonly used models from Google, dubbed BERT along with the classifications based on dictionaries. OpenAI’s popular chatbot system ChatGPT hasn’t failed to surprise people across the world, and once again, it’s out to show its AI prowess. Earlier this month, two new papers have been published that deployed the AI chatbot in some market-relevant tasks. The first task involved deciphering whether the Fed’s comments are dovish or hawkish. The other task determined for the ChatGPT experiment was whether the news headlines…