Day: April 24, 2023

Bitcoin price tags new April low as traders weigh odds of $25K next

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Bitcoin (BTC) headed toward range lows at the April 24 Wall Street open, with investors at odds over when to take profit. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price targets extend to $25,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling below $27,300 on Bitstamp. The pair had seen an initial positive reaction to the start of trading on Wall Street, this short-lived as a trip to $27,045 marked new monthly lows. Traders, already keen to see further downside to take waiting bid liquidity, were unperturbed.…

OpenAI’s CTO says government regulators should be ‘very involved’ in regulating AI

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Mira Murati, the chief technology officer at OpenAI, believes government regulators should be “very involved” in developing safety standards for the deployment of advanced artificial intelligence models such as ChatGPT.  She also believes a proposed six-month pause on development isn’t the right way to build safer systems and that the industry isn’t currently close to achieving artificial general intelligence (AGI) — a hypothetical intellectual threshold where an artificial agent is capable of performing any task requiring intelligence, including human-level cognition. Her comments stem from an interview with the Associated Press…

Do Kwon Lawyers Tells SEC to Back Off Due to Lack of Jurisdictions Over Terra Products

Do Kwon’s lawyers indicated that Coinbase does not list securities, and the SEC has not been granted the powers by Congress to regulate digital assets as securities or commodities. The Terra Luna and Do Kwon case could be headed in a different direction after a South Korean court ruled that the rebranded LUNC project is not a security product. As a result, Do Kwon’s lawyers were motivated to ask the United States Securities and Exchange Commission (SEC) to stop pushing with the legal pressure due to lack of jurisdiction. His…

KuCoin Loses $22,000 due to Twitter Hack, Exchange Announces Reimbursement

KuCoin has assured all the impacted users that it would reimburse them the amount lost while also pledging additional security measures. In the latest development, the hackers managed to briefly breach the Twitter account of the crypto exchange KuCoin thereby causing the exchange users to lose more than $22,000. Earlier today on April 24, hackers took over KuCoin’s Twitter account for 45 minutes, promoting a fake activity. Although the incident was brief, KuCoin has acknowledged that it identified 22 such transactions in connection with the fraudulent activity, including that of…

LTC, LINK Rebound on Monday, Despite Crypto Market Red Wave – Market Updates Bitcoin News

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Litecoin rose marginally higher to start the week, despite cryptocurrency markets mostly trading lower on Monday. The global crypto market cap is down 0.15% at the time of writing, as volatility remains high. Chainlink also moved higher in today’s session. Litecoin (LTC) Litecoin (LTC) bounced from a key point of support to start the week, as the token rallied, despite Monday’s crypto red wave. Following a low of $84.92 on Sunday, LTC/USD raced to an intraday peak of $88.89 earlier in today’s session. As a result of this move, litecoin…

Russia ascends to second place in the global bitcoin mining race

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a dramatic shift in the global landscape of cryptocurrency mining, Russia has surged ahead to become the world’s second-largest bitcoin (BTC) mining hub, with the US maintaining its position as the leader.  This development has significant implications for investors, businesses, and enthusiasts worldwide as the crypto market evolves rapidly. From underdog to powerhouse According to the Russian news outlet Kommersant, BitRiver, a company that provides colocation services for cryptocurrency mining operations, has reported that the…

OKX staff issues clarification amid ‘shell token’ purchase inquiries

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According to a post on Apr. 24, cryptocurrency exchange OKX does not support the buying and selling of “shell tokens” listed on the exchange. The clarification came after OKX staff member Haiteng shared a series of WeChat conversations where an individual allegedly approached OKX staff to purchase “shell tokens,” or as the individual described: “[Tokens] Listed on OK, but project can operate no longer. Someone wishes to take over such projects.” Another message reads: “Find an OKX shell token; budget is $1.5 million, deposit has been collected, DM me the…

Bitcoin (BTC) price could hit $100,000 by end-2024: Standard Chartered

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Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Images Bitcoin’s value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday. The collapse of Silicon Valley Bank and other mid-tier U.S. lenders has solidified the case for bitcoin as a “decentralised, trustless and scarce digital asset,” Standard Chartered analyst Geoff Kendrick said in the note. related investing news “We see potential for Bitcoin (BTC) to reach the USD 100,000 level by…

U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts

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Bitcoin (BTC) May Hit $100K by Year-End, Standard Chartered Bank Says

“Against this backdrop, bitcoin has benefited from its status as a branded safe haven, a perceived relative store of value and a means of remittance,” analyst Geoff Kendrick wrote. Bitcoin has gained 65% since the start of the year. It rose above $30,000 last week for the first time in almost a year. It was recently trading at $27,328, down 1.2% in the past 24 hours. Source