Day: October 17, 2023

Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini

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Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini. According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93 million to Gemini on Oct. 16. The transaction was independently verified by Cointelegraph on Etherscan. #PeckShieldAlert #vitalik.eth haas transferred ~15M $USDC (Multisig Contract 0xf207…D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z — PeckShieldAlert (@PeckShieldAlert) October 17, 2023 Vitalik received the original sum of…

Bitcoin’s (BTC) Price Liquidity on Binance Crashed Amid BlackRock ETF Rumor, Data Show

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The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock’s (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The leading cryptocurrency popped 7.5% to $30,000 in a knee-jerk reaction to the rumor, only to give up gains after BlackRock denied the report. Original

XRP Price Prediction – Chances Of Steep Decline If It Closes Below This Level

XRP price is attempting a fresh increase from $0.4730 against the US Dollar. The price could climb toward $0.5320 unless there is a downside break below $0.4880. XRP is struggling to gain pace above the $0.5065 resistance against the US dollar. The price is now trading below $0.500 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.4915 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if…

‘I’m still not seeing it’ — Judges skeptical of Ryder Ripps’ BAYC appeal

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Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears. In an Oct. 17 hearing, three judges from the United States Court of Appeals for the Ninth District appeared largely unpersuaded by the arguments from the attorney representing Ripps and Jeremy Cahen (known by the pseudonym “Pauly” on X), who argued the case should have been dismissed on the grounds of free speech. Ripps and Cahan’s lawyer, WilmerHale partner Thomas Sprankling, argued the knock-off…

a guide to accepting crypto payments

As we explore the full potential of web3, we can see how it has the ability to revolutionize the eCommerce industry. With many businesses adapting to new transaction norms, cryptocurrencies have become a crucial tool for progressive enterprises. CryptoProcessing.com aims to integrate crypto payments. This guide delves into leveraging this platform to stay ahead in the game. Cryptocurrency and modern business The rise of Bitcoin (BTC), a 173,000% surge between 2015 and 2023, is a testament to the popularity of a next-generation financial system, further catalyzing user adoption. But why…

Ethereum Price Faces Crucial Test: Will $1,570 Withstand the Pressure?

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Ethereum price started a steady increase from the $1,520 zone against the US dollar. ETH is now struggling to clear the $1,605 and $1,620 resistance levels. Ethereum is attempting a recovery wave above the $1,570 level. The price is trading just above $1,575 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,572 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if there is a close above the $1,620 resistance level. Ethereum Price Gains Traction…

Dev platform Stack Overflow axes 28% of staff as AI competition grows

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Developer and programmer platform Stack Overflow is cutting the company’s headcount by approximately 28% amid a rise in the popularity of artificial intelligence (AI) chatbots.  On Oct. 16, Stack Overflow CEO, Prashanth Chandrasekar, made the announcement citing the challenges of macroeconomic pressures impacting the entire tech industry. The firm is on a “path to profitability” and “continued product innovation,” said Chandrasekar who added, “This year we took many steps to spend less.” Stack Overflow is a 15-year-old tech-focused question-and-answer forum for millions of developers, coders, and enthusiasts. It doubled its…

FTX customers could get $9B shortfall claim payout by mid-2024

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Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors. On Oct. 17, FTX debtors said they reached a “major milestone” in their Chapter 11 case after “extensive discussions” with the unsecured creditors’ committee, a committee of non-US customers, and class action plaintiffs regarding customer property disputes. FTX Debtors filed a notice of the proposed settlement to a Delaware-based United States Bankruptcy…

OKX Ventures Invests in Celestia Lab’s Series B Funding for Modular Blockchain Development

OKX Ventures, the venture capital subsidiary of notable cryptocurrency exchange and Web3 technology firm OKX, declared its involvement in the Series B funding phase of Celestia Lab today. Celestia stands as the pioneering modular blockchain network which allows developers to utilize its platform as a foundational layer for consensus and data processes. Post this, developers have the liberty to select a virtual machine, such as Ethereum, Solana, or zero-knowledge roll-ups among other compatible smart contract execution layers, to create and launch their distinct blockchain networks. This notion diverges from the…

Pennsylvania crypto mining permit halt cut from bill after union pressure

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A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change. On Oct. 16, the Pennsylvania House Environmental Resources and Energy Committee passed the Cryptocurrency Energy Conservation Act by a slim margin — 13 for and 12 against — after no movement on the bill since its introduction to the Committee on June 21. The Committee’s chair and the bill’s sponsor, Democratic Representative Greg Vitali, told local media outlet The Pennsylvania Capital-Star the same…