Day: August 23, 2023

Bitcoin (BTC) Hovers Below $26K

Bitcoin, the world’s largest cryptocurrency by market value, dropped just below the $26,000 mark on Wednesday after trading in a tight range over the past 24 hours and hitting a weekly low of $25,500. The cryptocurrency rebounded slightly from the low, but remains down 9% over the last seven days as markets await developments from the central bankers’ meeting at Jackson Hole on Friday. “It is possible that any semblance of dovishness from Jay Powell on Friday could help inspire a recovery. Beyond that, we also have a potential ruling…

Lazarus Could Dump $41 Million In Stolen Bitcoin, FBI Says

boss

Six addresses hold 1,580 Bitcoin (BTC) stolen by the North Korean-backed hacker group Lazarus. The FBI said the assets originated from attacks on crypto entities like Alphapo, CoinsPaid, and Atomic Wallet. Authorities previously attributed major hacks on DeFi bridges Harmony and Ronin to Lazarus. The FBI warned that the TraderTraitor-affiliated actors Lazarus and APT38 could liquidate their BTC for $40 million at current market prices. The U.S. Federal Bureau of Investigation (FBI) alerted crypto companies of $41 million in stolen Bitcoin (BTC) controlled by North Korean “TraderTraitor-affiliated actors” known as…

Binance and BNB top social trends amid manipulation allegations

Binance and its native token BNB (BNB) social mentions increase as allegations of market manipulation gain momentum. Market intelligence platform Santiment disclosed that Binance ranks first among the fastest-rising trending topics in the crypto scene, with BNB securing the third position. A recent report sheds light on the growing social mentions and discussions surrounding them. Assignments hinting at Binance’s potential involvement in market manipulation are central to the discussions. The allegations imply that Binance CEO Changpeng Zhao is dumping Bitcoin (BTC) to bolster the value of BNB and maintain its…

Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF

boss

The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale’s Spot Bitcoin ETF lawsuit against the United States Securities and Exchange Commission (SEC) on August 22 following its failure to do so on August 18. However, the crypto community would have to wait longer as the court has once again failed to make a decision. Court Delays Spot Bitcoin ETF Decision For The Third Time According to a tweet by Grayscale’s Chief Legal Officer Craig Salm, the appeal court failed to make a decision regarding his…

OpenAI gets lukewarm response to customized AI offering

boss

OpenAI has introduced the option of fine-tuning for GPT-3.5 Turbo, enabling artificial intelligence (AI) developers to enhance performance on specific tasks using dedicated data. However, developers have expressed criticism as well as excitement for the development. OpenAI clarified that through the process of fine-tuning, developers can customize the capabilities of GPT-3.5 Turbo according to their requirements. For example, a developer could fine-tune GPT-3.5 Turbo to create customized code or proficiently summarize legal documents in German, using a data set sourced from the client’s business operations. You can now fine-tune GPT-3.5-Turbo! Seems…

SEC may approve Ethereum futures ETF as DigiToads launches NFT game

In the crypto markets, things can happen very slowly and then all at once. An insider recently revealed that a US regulator could fast-track the approval of several futures products for Ethereum.  Currently, more than 12 futures products are on the pending list. However, the Securities and Exchange Commission’s (SEC) unexpected move on Ethereum futures exchange-traded fund (ETF) will likely see them all approved at once.  The expected capital influx to Ethereum (ETH) could boost its ecosystem, and analysts are confident this could also support ERC-20 tokens.  Popular decentralized finance…

Increase in ETH-BTC Ratio Fails to Inspire Bullish Crypto Market Positioning in Ether Options

“BTC continues to be ‘the’ macro asset for the crypto market and could also see some strong inflows as the macro environment shifts,” Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said. “Many large investors will continue to prefer BTC exposure for its liquidity, market cap, and relative stability. So, we could see some ETH outperformance on the ETF narrative, but BTC could again outperform once macro investor funds start to take crypto positions.” Source

Atomic Wallet faces lawsuit over $100M crypto hack losses: Report

boss

A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June. Dozens of high-net worth investors from Russia and the Commonwealth of Independent States are part of the class action against Atomic Wallet, the German business media agency bne IntelliNews reported on Aug. 21. The lawsuit is being coordinated by German lawyer Max Gutbrod and Boris Feldman, a co-founder of Moscow legaltech firm Destra Legal. Gutbrod, former partner of over two decades at Baker &…

Elon Musk’s Latest Tweet Boosts Dogecoin By 4%: Buy Now?

boss

Once again, the crypto world is abuzz today with another unexpected movement in Dogecoin’s (DOGE) price, thanks to a tweet from the iconic Tesla CEO, Elon Musk. This has become a consistent phenomenon, where virtually every Elon Musk tweet hinting at or referencing Dogecoin prompts a flurry of activity from DOGE enthusiasts, regardless of the subtlety or directness of the tweet’s content. This morning, the catalyst for the sudden upswing in DOGE’s value was a simple tweet from Musk. He shared a logo animation of the “X” logo, created by…