Month: September 2023

Bybit Launches TradeGPT to Enhance Its Trading Tools

Bybit introduces TradeGPT, an AI tool merging ChatGPT’s language model with real-time data for market insights and user assistance. It is free for all users. Cryptocurrency exchange Bybit has announced the launch of “TradeGPT”, a new AI-powered trading tool. This new assistant combines the power of ChatGPT’s language model with sophisticated real-time data from the Bybit platform. According to Bybit’s statement, TradeGPT will make it easier for users to access updated market analyses and obtain clear answers to their questions in multiple languages. TradeGPT- Bybit’s New AI Tool As reported…

Crypto gambling site Stake sees $16M withdrawn in possible hack

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Crypto gambling site Stake experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key. ALERTOur AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI All the stable coins are converted to $ETH and distributed to different EOAs. FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm — Cyvers Alerts (@CyversAlerts) September 4, 2023…

Bitcoin Exchanges See Three Straight Months Of Withdrawals For First Time Ever

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On-chain data shows exchanges have seen net Bitcoin withdrawals during the past three months, the longest streak in the asset’s history. Exchanges See Bitcoin Withdrawals Exceed Deposits For Three Consecutive Months An analyst on X explained that the total number of Bitcoin exchange withdrawals has been more than the deposits recently. The number of deposits and withdrawals and the number of such transactions are referred to here. All transfers on the network that go from a self-custodial wallet to a central exchange entity would count as deposit transactions, while those…

Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON

Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown. The United States’ equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a marginal loss of 0.5%. One of the main reasons Bitcoin gave back its gains was because the Securities and Exchange…

Former MAS chair who called crypto ‘highly risky’ wins Singapore’s presidential race

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Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore, has won the election for the city-state’s presidency with more than 70% of the vote. According to multiple reports from Sept. 2, Shanmugaratnam defeated presidential candidates Ng Kok Song and Tan Kin Lian to become the next president of Singapore with roughly 70.4% of votes. He will be sworn into office on Sept. 14 — less than two weeks after the election. Tharman Shanmugaratnam’s presidency victory announcement on Sept. 2. Source: Facebook In the lead-up to his presidential campaign, Shanmugaratnam…

Hackers Said to Target Australian Crypto Casino Stake in $40M Exploit

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FTX Wallets Begin Moving Tokens One Month To Sam Bankman-Fried’s Trial

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Following the FTX crash back in November 2022, there was still a good chunk of crypto running into the billions left in the exchange’s wallets after the new team’s recovery efforts. These tokens have sat idle for a long time in the wallet as the legal battle between the exchange and its creditors waged on. The time of idleness for these assets may now be over though as recent activities show that a large chunk of tokens from the FTX wallets are now on the move. FTX Wallets Come Alive…

OKX nears final stage of Hong Kong license application

OKX is in the final stage of preparing its VASP license application to operate in Hong Kong, aiming to attract up to 200,000 retail users within a year of approval. Li Zhikai, the global chief business officer of OKX, one of the top 10 largest crypto exchanges, said that the group has entered the final stage of preparing for the license application and hopes to obtain the license by June 2024. The firm believes that receiving this approval will attract 100,000 to 200,000 retail users in Hong Kong in the…

Bitcoin futures data hints at $22K as the next logical step

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A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies. The price chart of Bitcoin leaves little doubt that investor sentiment worsened after the much-hyped victory by Grayscale Asset Manager against the U.S. Securities and Exchange Commission (SEC) on Aug. 29 and the postponement of multiple spot BTC exchange-traded fund (ETF) requests by the SEC.  The central question remains whether the prospects of an ETF can outweigh the growing risks. Spot Bitcoin ETF hype is fading By Aug. 18, the entire…

South Korea Legislators Plans to Submit Bill to Track and Neutralize Digital Assets Stolen by North Korea Hackers

The North Korean government is said to sponsor hackers to steal digital assets and fund its military operations, with on-chain analysis suggesting they have siphoned over $2 billion since 2018. The Republic of Korea (South Korea) is reportedly working on a bill to track and seize digital assets stolen by hackers from North Korea. According to a local media outlet, the Korea JoongAng Daily, government sources have confirmed that the bill is in the pipeline in a bid to strengthen the country’s cybersecurity. The government officials who remained anonymous to…