Month: April 2023

Ethereum on-chain data forecasts the withdrawal of 1.4M ETH over the next few days

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Ethereum’s long-anticipated Shanghai and Capella upgrade was activated on April 12 and the total withdrawals in the first 40 hours after the Shapella upgrade stood at 142,425 ETH, per Nansen data. This falls in line with previous estimates.  For a brief moment on April 12, when Shapella was activated, the deposits to ETH staking contracts outpaced withdrawals. However, deposits have slowed down come April 13 while the withdrawals are going strong. ETH moved for withdrawals The validators are required to update their staking software clients with withdrawal credentials changed to…

Crypto Exchange Bitrue Suffers $23 Million Hack – Bitcoin News

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Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday on Twitter it has identified a “brief exploit” in one of its hot wallets. The breach led to the theft of around $23 million in a number of cryptocurrencies, including ether (ETH) and shiba inu…

ADA Surges to 7-Month High, as XRP Extends Recent Gains  – Market Updates Bitcoin News

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Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high. Cardano (ADA) Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high. ADA/USD raced to an intraday peak of $0.4441 earlier in today’s session, after trading at a low of $0.4115 on Thursday. Friday’s…

BTC price targets see $33K next as Bitcoin eyes key resistance flip

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Bitcoin (BTC) preserved new ten-month highs at the April 14 Wall Street open as analysts kept hoping for further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 revealed as make-or-break trend line Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating around $30,700 after spiking past the $31,000 mark. The pair saw no major retracement as it headed further into ground it originally lost in June 2022. Now, market participants eyed the potential for bulls to capitalize on existing momentum with the help of positive macro trends. United…

UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy

The country’s 2023 Spring Budget, released in March, said the government wanted to “lead on the future of web technology, sometimes known as Web3 or the metaverse.” The new tech department, set up in February, will lead the charge in this work. The department’s work will not focus on specific technologies like blockchain and virtual reality but will instead look at potential economic growth opportunities, investment and business models associated with concepts including the Metaverse and Web3, along with implications for regulation, according to the source. Source