Day: April 28, 2023

Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in one month

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Bitcoin (BTC) traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource Coinglass confirm that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC ($1.5 billion) in the past 30 days. Binance takes lion’s share of exchange BTC balance increase With BTC/USD setting multi-month highs regularly since mid-March, the temptation to sell for both long-term (LTHs) and short-term holders (STHs) has no doubt increased. As Cointelegraph reported, actual selling pressure has…

ECB Explores DLT Settlement for Wholesale Financial Markets

The announcement reflects mounting interest in the technology from traditional financial markets, including for post-trade infrastructure that finalizes deals struck in trading venues. Euroclear, a Brussels-based firm that specializes in clearing and settlement, is set to release a new platform for DLT-based bond trading shortly, and Forge, the crypto arm of French bank Societe Generale, has introduced the CoinVertible stablecoin (EURCV), pegged to the euro, to settle digital assets. Source DLTECBExploresFinancialMarketsSettlementWholesale CryptoX Portal

FTX Customer Funds Recovery Go On while FBI Storms Former FTX Executive Ryan Salame’s House

According to a Guardian report, the defunct exchange FTX has already recovered $7.3bn of customer funds Agents of the FBI have raided former FTX executive Ryan Salame’s house in Maryland as FTX customer funds recovery continues. While it wasn’t clear why, two unnamed sources noted that Salame’s lawyer had volunteered information about campaign finance activities before the search. Since the FTX collapse, the case has been building quietly. However, it seems that prosecutors are looking to build their case against the company further by focusing on its political ties. In…

Pinterest and Amazon Establish Multi-Year Ads Partnership 

In addition to announcing the strategic partnership, Pinterest released its earnings for the first quarter. Pinterest (NYSE: PINS) has announced a partnership with Amazon (NASDAQ: AMZN) to bring third-party ads to the platform. The image-sharing and social media service noted that the new multi-year strategic ad partnership makes the e-commerce giant its first partner on third-party ads. Pinterest added that it chose Amazon as its users’ engagement with shoppable content on its platform continues to grow. Pinterest also had its shares from the unpleasant economic situation that impacted businesses. While the…

Argo Blockchain Slumps to Full-Year Loss on BTC Price Slide

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Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds – Security Bitcoin News

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Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much as $20 million worth of crypto may have been stolen. Criminals ‘Used an API Access’ Cybercriminals have reportedly gained access to AT&T email accounts and are using this to hack into targeted victims’ crypto exchange accounts. According to a Techcrunch report, the criminals using this modus…