Day: July 3, 2023

Miners send millions to exchanges — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts the first week of July with a sigh of relief for traders as $30,000 support holds.  BTC price action refuses to succumb to bears after 20% gains in Q2, with weekly and monthly timeframes looking strong. What’s next? A quiet week is expected on TradFi markets, with Wall Street gearing up for the Independence Day holiday and little in store in terms of United States macroeconomic data. Bitcoin thus needs volatility triggers from elsewhere if bulls are to have a shot at breaching resistance in place for…

Half of stolen NFTs are sold within 3 hours: PeckShield

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A new report from blockchain security firm PeckShield found that half of stolen nonfungible tokens (NFTs) get sold within 160 minutes on various NFT marketplaces like Blur and OpenSea.  On July 3, PeckShield highlighted several data points on NFTs, including the value stolen in June, how long it takes for stolen NFTs to be sold and which NFT marketplaces are used to sell the stolen assets. According to the security company, $2.27 million of NFTs were stolen in June 2023, the lowest monthly figure of the year so far. Furthermore, the…

Cameron Winklevoss slams SEC’s bitcoin ETF rejection

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cameron Winklevoss, a co-founder of Gemini, has expressed his disappointment with the recent decision by the US Securities and Exchange Commission (SEC) to reject a bitcoin exchange-traded fund (ETF). According to Winklevoss, this decision is a major setback for investors in the United States. Winklevoss argues that the SEC has been steering investors towards unregulated and potentially harmful cryptocurrency products for the past decade. It has been ten years since the Winklevoss twins first sought approval…

How to trade July’s Q2 earnings

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The stock market can offer valuable insights into possible Bitcoin (BTC) price movements as a big potential trigger is expected this month. Q2 earnings’ numbers due this month Notably, Q2 earnings’ numbers are expected from some of the largest companies in the world in July, including: UnitedHealth, Citigroup and JPMorgan on July 14; Bank of America and Morgan Stanley on July 18; Tesla, Google, Apple, Meta, Microsoft and Amazon before July 27. The S&P 500 companies account for an aggregate $36.5 trillion in market capitalization, so it makes sense to expect…

AzukiDAO proposes to recover 20,000 ETH from Azuki founder ‘Zagabond’

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A new decentralized autonomous organization purportedly made up of a “dedicated group of Azuki enthusiasts,” has launched a proposal to claw back 20,000 Ether (ETH) from Zagabond, the founder of the blue-chip non-fungible token (NFT) brand Azuki.  The proposal, initiated on July 2, outlines hiring a lawyer to take legal action against Zagabond, real name Alex Xu, for allegedly “rugging” multiple projects. The clawback seeks $39 million worth of ETH earned from the launch of Azuki’s controversial “Elementals” collection. It proposes to allocate any funds retrieved back to the DAO to “promote…

SEC has pushed investors into ‘toxic’ crypto products and FTX: Winklevoss

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For the last decade, the United States securities regulator has forced investors into “toxic” and “unregulated” crypto products, says Gemini co-founder Cameron Winklevoss. On July 2, the Winklevoss twin slammed the U.S. Securities and Exchange Commission (SEC)’s constant refusal of spot Bitcoin exchange-traded funds, noting it’s now been 10 years since the twins first filed to get their own ETF approved by the regulator. “The [SEC’s] refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is…

Poly Network urges users to withdraw after exploit affects 57 crypto assets

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Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted in a hacker being able to issue billions of tokens out of thin air for profit. In a July 2 Twitter post, Poly Network confirmed it became the latest DeFi exploit victim after attackers managed to manipulate a smart contract function on the cross-chain bridge protocol, adding it will be temporarily suspending services.  In the most recent update, the team revealed the exploit affected 57 crypto assets on 10 blockchains —…