Month: April 2023

Bitcoin price faces ‘bearish divergence’ amid $22K correction target

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Bitcoin (BTC) held $30,000 as support before the April 11 Wall Street opening, with fresh doubts emerging over the rally’s strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price finally tackles $30,000 resistance cloud Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit 10-month highs of $30,438 on Bitstamp. Almost one month in the making, the final surge to $30,000 delighted many traders who considered the move to be a matter of time. #Bitcoin / $BTC What I’m watching now pic.twitter.com/8bBheMvqT7 — K A L E…

Gate.io Crypto Exchange Confirms its SFC Application

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Gate Group, the owner of the Gate.io crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that…

What is a crypto dusting attack, and how do you avoid it?

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While it’s unlikely for cryptocurrency users to become victims of dusting episodes, they should still take a few steps to protect themselves against such crypto attacks. Due to increasingly high transaction fees, especially on the Bitcoin blockchain, it’s become more expensive for a hacker to launch a crypto dusting attack compared to a few years ago. Still, cryptocurrency users should take a few steps to secure their funds. Since dusting attacks rely on combining analysis of multiple addresses, if a dust fund is not moved, the attackers cannot track a…

Ripple, Montenegro sign deal on project for unspecified national digital currency

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The Central Bank of Montenegro announced on April 11 that it had signed an agreement with Ripple for the development of a strategy and pilot program for a Montenegrin digital currency in the form of a central bank digital currency, or a stablecoin. The country has used the euro as its currency since its introduction in 2002, despite not being part of the Eurozone. “More details will be revealed later in the year,” RippleX’s vice president for central bank engagements and CBDCs, James Wallis, told Cointelegraph in a written interview.…

G20 countries aim to develop global framework against crypto-related risks

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The G20 — an intergovernmental forum comprising 19 countries and the European Union — has planned to develop a common framework for helping all countries deal with risks associated with cryptocurrency investments. Under India’s presidency, the G20 called for coordinated global crypto policies — a vision put forth by the country’s finance minister, Nirmala Sitharaman. However, with multiple ecosystem collapses impacting investors worldwide, Sitharaman believes disparate reforms will not help address the global reach of cryptocurrencies. Union Finance Minister Nirmala Sitharaman arrives for a business roundtable meeting organized by US…

Winklevoss Twins Loaned $100M to Their Crypto Exchange Gemini

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Tyler and Cameron Winklevoss loaned $100 million to Gemini Trust Co. when their crypto exchange facing setbacks from the broader market conditions, Bloomberg reported citing ‘two [unnamed] people familiar with the matter.’ The billionaire Winklevoss twins reached out to their pockets as Gemini failed to raise funds from outside investors. The exchange reportedly informally approached outside investors in recent months but could not seal an agreement. The crypto exchange, now planning for global expansion, will utilize the fresh loan proceeds for operations. Earlier, a media report revealed that Gemini is…

Aptos Jumps 8% Ahead of $50M Token Unlock

Aptos Labs, the parent company of the Aptos blockchain, raised over $350 million over multiple funding rounds last year, as CoinDesk previously reported. The firm was founded by former employers of Facebook’s parent company, Meta Platforms (META), after Facebook abandoned its own plans to create a blockchain-based payments network called Diem (formerly Libra). Source

AI bots mingled at a bar and had a party when researchers gave them a town

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A society of 25 artificial intelligence (AI) bots were observed waking up, cooking breakfast, heading to work, going to the bar for lunch with friends and even throwing a party by six researchers who created a town for the bots. The researchers from Google and Stanford University explained in an April 7 paper titled “Generative Agents: Interactive Simulacra of Human Behavior” that they built a virtual town populated with ChatGPT-trained “generative agents.” The purpose of the study — which is yet to be peer-reviewed — was to create a small,…

Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy – Economics Bitcoin News

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Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will drag down on the economy.” Strategist’s Recession and Rate Hike Predictions Luca Mannucci, head of Market Strategy at MPS Capital Services, has warned that the U.S. will be dragged into a recession by year-end and the U.S. dollar will plunge as much as 5% against other…