“We add in our own datasets and signals,” he said in an interview with CryptoX. “When looking at [the] bitcoin price the day after the last 10 Fed rate announcements, I can then ask what else impacts the price. So that could be indicators of social sentiment around bitcoin and whale transactions over $100,000, for example.” Source AnalyzeBTCchainChatGPTDemandEffectFedPriceRateRidesWave CryptoX Portal
“There have been some suggestions by fellow parliamentarians that crypto assets are more akin to gambling I refute that, that is not the government’s position,” Griffith said. “The right regulator[s] [are] the financial regulators with their deep expertise and understanding of issues like how to ensure markets are fair, how to protect consumers.” Source
Decentralized finance (DeFi) platform Sturdy Finance has offered a $100,000 bounty to the hacker that exploited the protocol. The lending platform said that its team won’t pursue the issue further if the attacker accepts the offer. On June 12, the DeFi platform suffered a loss of almost $800,000 in digital assets when an attacker exploited vulnerabilities within the platform. Security firms pinpointed that the cause of the exploit was a faulty price oracle and the hack was carried out through a reentrancy attack. In response, the platform paused all markets…
The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart. On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter, detailing the salaries of the DAO’s leadership. This showed salaries ranging from $7,000 per month to $75,000 per month, sums that shocked some community members and prompted a slew of inquiries from several. creating an org chart: $7k /…
Some technical analysts, however, say the signal is undermined by other factors, and macroeconomic events such as the U.S. inflation figure due today and Wednesday’s Federal Reserve decision will also influence bitcoin price performance. Still, the signal comes after BTC’s 16% decline from highs around $31,000 registered two months ago, raising questions about the sustainability of the bull revival witnessed early this year. Source AnalysisbearishBTCCryptoFlipsIndicatorPriceScaringTechnicalTwitter CryptoX Portal
A Ugandan Bitcoiner embarked on a community-funded trip from East Africa to Central Europe after winning tickets to BTC Prague for his adoption-driving efforts in his home country. Brindon Mwiine, the founder of Ugandan-based Bitcoin (BTC) platform Gorilla Sats, set off on a whirlwind journey from Uganda’s capital Kampala to the heart of Europe on the back of a Twitter competition he never thought he would win. I still don’t believe it Thank you to everyone who voted and contributed to my Fundraising. I made it to @BtcPrague Special Thanks…
The core issue is whether countries should use securities laws framed decades ago, “without realizing blockchain networks’ very aim is to transform the decades-old financial and securities market systems, with more transparency, instant settlement times, disintermediation of middlemen, automation and reduced costs, global liquidity and interoperability,” the report said. Source
Oracle delivered robust numbers for its cloud infrastructure services and is also working on generative AI. ORCL stock shot up by more than 6% on Monday. On Monday, June 12, software giant Oracle Corporation (NYSE: ORCL) reported the results for its fourth fiscal quarter while exceeding Wall Street expectations on both – the top line and the bottom line numbers. This news has had an impact on ORCL stock. For the last quarter, the company reported earnings per share at $1.67 against the expected $1.58. Similarly, the company reported a…
Binance.US has vehemently opposed the US Securities and Exchange Commission’s (SEC) proposed temporary restraining order, claiming that it would effectively end its business operations. The crypto exchange filed a response on June 12, criticizing the SEC’s emergency motion as “draconian and unduly burdensome.” SEC/Binance Newsflash: Binance Fights Back Binance, CZ and the BAM Defendants just filed lengthy opposition pleadings to the SEC’s emergency action. Find the links to two important pleadings below, which will give you a good idea of their defenses. Should be an extraordinary… pic.twitter.com/qc5GRwHmjn — John Reed…
The delisting of these crypto assets by eToro may hurt their prices and liquidity as they will lose access to a large and active customer base. eToro, a leading global trading platform, has announced that it will stop offering four crypto assets to its US customers. Beginning from July 12, 2023, Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) will no longer be available on the platform. Why Is eToro Delisting These Crypto Assets? According to eToro, the decision to delist these crypto assets stems from the evolving regulatory…