September 2023

Vitalik Buterin Says SIM Swap Caused X Account Hack

September 12, 2023

In response to the security breach, another Ethereum developer, Tim Beiko, strongly recommended users remove their phone numbers from X accounts and enable 2FA as a security measure. Ethereum co-founder Vitalik Buterin has recently shed light on the cause behind the security breach of his X (Twitter) account. In a shocking revelation, Buterin attributed the exploit to a SIM-swap attack, a form of cybercrime that has become increasingly prevalent in the digital age. Buterin, a prominent figure in the crypto industry, shared the details of the attack while speaking on…

Coinbase Prime Launches Innovative Web3 Wallet for Retail and Institutional Clients

September 12, 2023

The tool seamlessly integrates with Coinbase Prime accounts, simplifying access to Web3 features directly and eliminating the need for multiple app downloads, thereby enhancing the overall user experience. Coinbase has announced the launch of the Coinbase Prime Web3 Wallet to provide secure and useful services to its institutional and retail clients. The significance of launching a Web3 wallet cannot be overstated, as it plays a central role in providing an exceptional user experience within a decentralized digital landscape. The company wrote: “We are excited to announce the launch of the…

Tesla (TSLA) Shares Surge More than 10% after Morgan Stanley Analysts’ Prediction

September 12, 2023

Morgan Stanley had to upgrade its target price for Tesla shares for the next 12 to 18 months, from $250 to $400. Following a Monday report of an upgraded prediction by Morgan Stanley analysts, Tesla shares have now gained 10.09%. In an optimistic note to investors, the investment bank shared how it foresees the electric vehicle (EV) maker selling AI technology to other automakers. Additionally, Morgan Stanley also sees Tesla cutting down on the cost of chips by using its own GPUs. That is, at least, for as much as…

Can Pepe Coin Bounce Back? Insights On Its Future

September 12, 2023 boss

Pepe Coin has been on a wild ride in early September, characterized by significant price volatility and a troubling dip in its performance. The price action of PEPE early this month followed a bearish pennant pattern, marked by two converging trendlines. This pattern typically signals indecision in the market, as buyers and sellers wrestle for control. However, the situation took a turn for the worse as the coin broke below its support trendline, increasing the pressure on the supply side. As of the latest data from CoinGecko, the coin is…

Crypto Custody Firm Qredo Adds USDC Stablecoin to Non-Custodial Wallet

September 12, 2023

Qredo’s new toolkit comprises a number of elements, including Circle’s “cross-chain transfer protocol” for minting, redeeming, and transacting with USDC across multiple networks. This is combined with software from Etherspot, a specialist in making web3 transactions frictionless, and Qredo’s open source payment rails, dubbed QSign. Source

Bitcoin price squeeze expected as major events come closer

September 12, 2023 boss

The Bitcoin (BTC) price is expected to squeeze if the August Consumer Price Index (CPI) rises further and the collapsed crypto firm FTX gets approval for liquidation. According to the market analyst with the X (formerly Twitter) handle CrypNuevo, the U.S. CPI, scheduled for Sept. 13, might see an upsurge from 3.2% to around 3.6%. This could trigger FUD (fear, uncertainty, and doubt) among investors, which might ultimately initiate a selling pressure. Moreover, another bearish expectation comes from the possibility of FTX’s liquidation. The bankrupt crypto platform reportedly has roughly…

BIS Project Tests CBDCs Directly Settled on Central Bank Balance Sheet

September 12, 2023

“If central bank money is to go digital, cybersecurity is key,” Andrew Abir, Deputy Governor of the Bank of Israel, which is examining whether to issue a digital shekel, said in a statement. “The project proved the feasibility of the model we had in mind.” Source

Eureka Entertainment and Astar Network Collaborate for “CoinMusme” Blockchain Game Development

September 12, 2023

Eureka Entertainment Ltd., led by CEO Takuya Tsuji, has officially declared a collaboration with Stake Technologies Pte. Ltd., under the leadership of CEO Sota Watanabe. The partnership aims to further the development of the blockchain game “CoinMusme.” A significant highlight of this collaboration is the introduction of a new character, “Astar.” To commemorate the introduction of “Astar,” a special event is in the pipeline. Eureka Entertainment is set to distribute 100 exclusive NFTs to a select group of fortunate users. Those interested in participating in the giveaway need to follow…

Binance.US calls SEC’s court requests ‘unreasonable’ in new filing

September 12, 2023 boss

Binance.US has responded to the motion to compel and reply by the United States Securities and Exchange Commission (SEC), calling most of the SEC’s requests “unreasonable” and “unduly burdensome.” Attorneys of BAM Trading Services, which operates Binance.US cryptocurrency exchange, on Sept. 12 filed sealed documents for opposition to the U.S. SEC seeking additional details from Binance.US. The defendants argued that the SEC’s requests for production and interrogatories are “overly broad, unduly burdensome” and “beyond the scope of the consent order.” BAM attorneys claimed that the SEC’s demand for certainty, as…

Cryptocurrency Altcoin Crash Is Coming: Matrixport

September 12, 2023

FTX is not the only major seller of crypto assets, venture capital funds are also under pressure to return money to their investors, the report said. Source