“The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of BitBull Capital, said in a note to CoinDesk. Original
Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, “the U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to every other country in the world that ‘Hey if the U.S. doesn’t like what you’re doing, they can grab your money,’” the executive described. Investment Manager Expects U.S. Dollar to Lose Most of Its Value…
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle. Source
A thrilling adventure in Book of the Fallen by Pragmatic leads to a huge win of 6 BTC! Another Massive Win on Bitcoin.com Games It seems like the lucky streak on Bitcoin.com Games crypto casino continues with yet another player hitting the jackpot of 1,214 times their initial bet amount, and winning a life-changing amount of BTC. The latest big win came from a player who took a chance on the thrilling game Book of the Fallen by Pragmatic and ended up with a massive $170,000 payout in Bitcoin. Book…
A smart contract bug in the popular decentralized exchange SushiSwap has led to the theft of about $3.3 million in Ethereum (ETH). According to the crypto analytics firm PeckShield, the bug is connected to the contract approval process and is related to an update that was implemented a few weeks ago. The bug led to the theft of about 1,800 ETH from a well-known crypto trader who goes by the name Sifu. SushiSwap says all hands are on deck to recover funds, if possible. The team has provided a link…
On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees. Ordinal Inscriptions Reach 1 Million This weekend, Ordinal inscriptions reached a milestone by surpassing the 1 million mark on Saturday, April 8, 2023. Ordinal inscriptions started to see significant demand after the mining pool Luxor mined Bitcoin block No. 774,628,…
Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction Cryptocurrencies The Prosecutor General’s Office of the Russian Federation is proposing to allow investigative bodies to set up crypto accounts and wallets under their control for storing seized digital coins that can later be sold…
This week, government agencies made headlines for their involvement in the crypto scene, especially in the Terraforms Labs situation and central bank digital currency (CBDC) developments. Despite growing concerns and uncertainties surrounding Binance, the exchange remained dedicated to its growth strategy. Meanwhile, the non-fungible token (NFT) scene took center stage this week, underscoring its burgeoning prominence among investors. South Korea shares fresh insights into Terraform Labs Government agencies also remained significantly engaged in cryptocurrency, despite a dearth of regulatory initiatives. A case in point could be seen in South Korea.…
The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It is not only Bitcoin that is stuck inside a range. On April 7, Jurrien Timmer, director of global macro at asset manager Fidelity Investments, tweeted that the S&P 500 Index had been stuck inside a range…
A pseudonymous cryptocurrency pentester, known for their white hat hacking activities, found themselves in a race against time and malicious bots after identifying a vulnerability in SushiSwap’s RouterProcessor2 contract. The hacker managed to secure 100 ethereum (ETH) of the affected funds before malicious bots copied the attack, leading to a loss of over $3.3m (approximately 1800 ETH). The hacker, whose identity remains anonymous, tweeted today that they had successfully “white-hacked” 0xSifu for 100 ETH and were willing to return the funds if contacted. He was later thanked by Sifu in…