Wednesday 1 February 2023

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3Commas CEO confirms API key leak following warning from CZ

Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is “reasonably sure” that API key leaks are taking place at the cryptocurrency trade management platform. The disclosure by CZ followed an incident on Dec. 9, when Binance cancelled the account of a user who complained about losing funds a day earlier. That user claimed a leaked API key tied to 3Commas was used “to make trades on low cap coins to push up the price to make profit.” Binance declined to reimburse the user. CZ tweeted that the loss was unverifiable, and if the company made up for such losses “we will just be paying for users to lose their API keys.” On Dec. 11, 3Commas CEO Yuriy Sorokin claimed on the company blog that fake screenshots were circulating on Twitter and YouTube purporting to show the company had lax security and that employees were stealing API keys. Sorokin denied the allegations in an in-depth technical analysis of the images: “The person who created the screenshots ..

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Which celebrities joined and left crypto in 2022?

The crypto world is still developing at lightning speed. The adoption of projects built on blockchain technology has increased tremendously in 2022, and this is partly due to the celebrities who have contributed to it. Thanks to these well-known people, crypto-related projects have reached a large audience, through their social media accounts and the many news outlets that wrote about them. The developments in cryptocurrencies, nonfungible tokens (NFTs) and metaverse platforms have led to new ways people can make money and alternative methods to consume art and entertainment. They have also led to innovative ways people can communicate and interact with one another online. For example, people can even connect with their idols in this digital meeting place. But are there any celebrities left in the crypto world? In this article, you can discover all the celebrity activities in 2022. Are NFTs hype or still in demand?Many celebrities were active in the field of NFTs in 2022. This digital ..

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Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan

Former FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation to the collapse of the FTX cryptocurrency exchange, Reuters reported on Dec. 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan. Judge Kaplan was assigned to the case on Dec. 27 after the original judge on the case, Ronnie Abrams, recused herself due to connections between FTX and the Davis Polk & Wardwell law firm, where her husband is a partner. The firm provided advisory services to FTX in 2021. Kaplan was nominated by U.S. President Bill Clinton in 1994 and is known for his straightforward manner and efficient handling of courtroom procedures. Bankman-Fried stated numerous times before his arrest that he does not believe he bears criminal liability for his actions as FTX CEO, saying it was simply an accounting snafu that led to him “unknowingly c..

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Binance’s cloud mining affected by extreme weather conditions in North America

The severe winter storm in North America shut down Binance's cloud mining products from Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company announced that users' subscriptions to cloud mining products were extended for three days. Binance has noted that further outages as a result of the weather conditions will extend the duration of cloud mining subscriptions. The exchange's cloud mining service, launched nearly a month ago, allows users without mining equipment to earn mining rewards from Binance Pool. Subscriptions are required to buy hashrates and Bitcoin mining on Binance's cloud. During the days leading up to Christmas, a "bomb cyclone" unleashed extreme temperatures across the United States, leaving millions without electricity and claiming dozens of lives. Related: Microsoft bans cryptocurrency mining on cloud services Weather conditions in Texas drove Bitcoin miners to voluntarily curtail operations to..

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Fidelity plans NFT marketplace: Nifty Newsletter, Dec. 21–27

In this week’s newsletter, read about investment giant Fidelity planning to enter the nonfungible token (NFT) space and how Italy’s NFT market will grow. Check out how North Korean hackers use phishing websites to target NFT holders and listen to a conversation with Crypto Raiders in the NFT Steez podcast. And, don’t forget this week’s Nifty News featuring Japanese gaming firm Square Enix investing millions in an NFT game developer. Fidelity plans NFT marketplace and financial services in the metaverseOn Dec. 21, investment firm Fidelity filed three trademark applications to the United States Patent Trademark Office. The trademark filings cover NFTs, NFT marketplaces and metaverse investment services, suggesting that the firm has plans to enter the space. One of the firm’s focuses appears to be the metaverse, showing that it may someday offer investment services within virtual worlds. The offerings may include various funds like mutual funds and retirement funds. Continue reading… I..

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Bitcoin price bottom not in, data says as whale orders hit 2-year low

Bitcoin (BTC) is not about to bottom at just below $17,000, warns a new analysis as bid liquidity dries up. In social media posts after Christmas, on-chain analytics resource Material Indicators flagged waning interest in protecting the current BTC price range. Binance order book leaves “not much to be excited about”With volatility still largely absent from Bitcoin markets, analysts are keenly eyeing what could happen at this week’s yearly close. The closing price for BTC/USD on Dec. 31 will also mark the conclusion of the weekly and quarterly candles, and any flash volatility could turn 2022 into a nightmarish bear market year. As Cointelegraph reported, the pair is currently down around 60% year-to-date, while it has lost 76% versus its latest all-time high from November 2021. This may still not be enough to cap the bear market, various analysts have warned; and now, order book data appears to underscore the potential for fresh losses. “Nothing illustrates sentiment for a price level..

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Price analysis 12/28: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Gold has been an outperformer in 2022 compared to the United States equities markets and Bitcoin (BTC). The yellow metal is almost flat for the year while the S&P 500 is down more than 19% and Bitcoin has plunged roughly 64%. The sharp fall in Bitcoin’s price has hurt both short-term and long-term investors alike. According to Glassnode data, 1,889,585 Bitcoin held by short-term holders was at a loss as of Dec. 26 while the loss-making tally of long-term holders was 6,057,858 Bitcoin. Daily cryptocurrency market performance. Source: Coin360In spite of gold’s good showing and Bitcoin’s dismal performance in 2022, billionaire investor Mark Cuban continues to favor Bitcoin over gold. While speaking on Bill Maher’s Club Random podcast, Cuban told Maher, “If you have gold, you’re dumb as fuck.” He advised Maher to “just get Bitcoin.” Could Bitcoin lead a recovery in the final few days of the year or will the crypto markets close the year with a whimper? Let’s study the charts of the top-1..

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MicroStrategy adds to Bitcoin stake despite steep loss

In a new filing with the United States Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoin (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequently, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on Dec. 22. On Dec. 24, MicroStrategy acquired approximately 810 BTC for $13.6 million in cash, at an average price of $16,845 per coin. In a Bloomberg interview published earlier this year, MicroStrategy CEO and blockchain personality Michael Saylor told reporters: “We’re only acquiring and holding Bitcoin, right? That's our strategy. We're not sellers.” The Dec. 28 filing represents the first publicly reported BTC sale by the firm in recent memory. In supporting the decision, MicroStrategy wrote: “MicroStrategy plans to carry back the capital losses resulting from this transaction against previous capital gains, to the extent such carryb..

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