Day: May 6, 2023

Watch these Bitcoin price levels next as BTC dips 3% in choppy weekend

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Bitcoin (BTC) saw fresh volatility on May 6 as low-liquidity weekend trading tested the mettle of its trading range. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin “in limbo” despite volatili Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding over $1,000, or 3%, in a matter of hours on the day. The largest cryptocurrency saw livelier conditions typical of weekend trading while remaining unable to exit a broader corridor in place for many weeks. Amid a lack of ammuniation to either clear $30,000 resistance or drop toward key…

Blur dominates, flips OpenSea despite falling NFT trading volumes

DappRadar, an analytics platform, while analyzing the non-fungible token (NFT) marketplace landscape in April 2023, shows that Blur is the most dominant platform, leading OpenSea. Blur flips OpenSea to dominate the NFT marketplace scene According to the report, OpenSea, feeling the heat from Blur, launched OpenSea Pro (OS Pro), a platform targeted toward professional traders, at the beginning of April 2023. OS Pro aims to attract high-volume trading with a temporary zero percent marketplace fee and a minimum creator royalty of 0.5 percent. However, despite these efforts, OpenSea’s trading volumes…

DEUS Finance loses $6M following stablecoin hack

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Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on May 5, according to blockchain security firm PeckShield.  A bot initiated the hack on the BSC, which led to a loss of more than $1.3 million. The attacker also targeted the Arbitrum network, with ARB/ETH deployments losing over $5 million. Twitter users claimed the token contract had a basic implementation error as the root cause. Hi @DeusDao: it appears…

NFT Sales See Modest Increase of 1.46% to Reach $149M in Past Week – Markets and Prices Bitcoin News

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In the past week, sales of non-fungible tokens (NFTs) have increased by 1.46%, raking in a total of $149,312,180. However, while the number of NFT buyers has risen by 22.48%, the number of NFT transactions has decreased by 8.78% compared to the previous week. Azuki Emerges as Top-Performing NFT Collection This Week With 504.96% Sales Surge Over the past week, non-fungible token (NFT) sales have experienced a modest uptick, rising by 1.46% compared to the previous week. In total, NFT sales amounted to $149.31 million, with Ethereum-based NFT sales accounting…

Michael Saylor reiterates his stance on bitcoin, says BTC is inflation-proof

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Michael Saylor, the CEO of MicroStrategy, a NASDAQ-listed business intelligence firm; and a vocal advocate of bitcoin (BTC), in a recent YouTube interview, shared his thoughts on the coin and its prospects. Bitcoin is the future Saylor said bitcoin is the most disruptive technology of our time, and it has the potential to fundamentally change the way people think about money and finance. He believes that bitcoin is superior to gold and a better value store. …

Attacker behind AnubisDAO rug pull transfers another $5.9m to Tornado Cash

An address linked to the 2021 AnubisDAO rug pull has reportedly moved another 3,000 ethereum (ETH) valued at about $5.9m via Tornado Cash, a token mixer. AubisDAO attacker moving funds to Tornado Cash According to a May 6 alert from blockchain security firm Certik, an address linked to the AnubisDAO rug pull deposited 3,000 ETH into the sanctioned crypto tumbler Tornado Cash, almost a year after it laundered 1,018 ETH, then valued at $1.18m, through the same platform. The latest transfer comes barely a month after Peckshield, a blockchain data…

Bitcoin trader eyes $63K BTC price for new Bollinger Bands ‘breakout’

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Bitcoin (BTC) could be set for historic gains thanks to a simple trend line breakout, a popular trader hopes. In a Twitter discussion on May 5, Titan of Crypto flagged a rare bull signal on the Bollinger Bands indicator for the Bitcoin monthly chart. Bitcoin price may see “inexorable breakout” BTC price action currently impacts sentiment in different ways across various timeframes. While observers are unsure about short-term moves, the consensus remains that Bitcoin’s upside mainly lies ahead as the block subsidy halving approaches. When tracking what comes next, however,…

US Justice Department investigating Binance for violating Russian sanctions: Report

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Binance is under investigation by the United States Justice Department (DOJ) national security division for allowing Russians to use the cryptocurrency exchange in violation of U.S. sanctions, according to a report that appeared in Bloomberg on May 5. There have been no accusations against the company or its executive in connection with the investigation. The national security probe is being carried out in tandem with a criminal division investigation, the news service said, citing five unnamed sources. Binance is the object of several investigations in the United States, including a…

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says – Finance Bitcoin News

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Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t Rule Out Single Fiat There is understanding about increasing the use of national currencies in settlements between the member states of the SCO, Russian Minister of Foreign Affairs Sergey Lavrov said after conferring with counterparts…

Block’s Cash App Q1 report reveals $2b in BTC revenue

Jack Dorsey’s Block recorded a stunning $2.16 billion in bitcoin (BTC) sales in Q1. The fintech company’s main product, Cash App, generated 25% more bitcoin income yearly. The shareholder letter states that the multi-billion dollar bitcoin revenues were attributed to an increase in the quantity of bitcoin sold to customers” and were “partially offset” by a bitcoin market price reduction compared to the same period in 2022. Block’s 2023 Q1 findings The financial technology company had a 26% year-over-year increase in sales during the first quarter, and it also posted earnings per…