Bugs in Gains Network fork let traders profit 900% on every trade: Report

An attacker could have placed a limit buy order with an arbitrarily high open price to automatically win every trade, the Zellic security platform discovered.

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Former Core Developer Believes Ethereum Holds the Key to AI Decentralization

Artificial Intelligence (AI) is opening up a vast realm of possibilities for developers working on the Ethereum blockchain. By leveraging AI technology, Ethereum developers can enhance their platforms and applications in unprecedented ways. The synergy between AI and Ethereum presents a significant opportunity for innovation and growth in the blockchain space. This collaboration allows for [...]

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Revived: Darknet Marketplace Wallet Holds $400M in Bitcoin After 9 Years

The recent discovery of a dormant wallet containing a staggering 400 million bitcoins has sent shockwaves through the darknet marketplace community. This wallet, inactive for nearly a decade, has suddenly come to life, sparking intense speculation and curiosity among crypto enthusiasts. The resurgence of this significant amount of bitcoins has raised questions about its origin [...]

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Bitcoins Price Holds Steady at $83K While Investors Monitor S&P 500 Rebound

Bitcoin Price Holds Steady around $83k as Investors Monitor S&P 500 Bounce Back The price of Bitcoin has shown resilience, maintaining stability around $83,000 as investors closely watch the recovery of the S&P 500. This steady performance indicates a possible correlation between the two markets as the S&P 500 starts to bounce back from recent [...]

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Why Congress Holds the Key to Lasting Crypto Regulation Change Wiley Nickel

Cryptocurrency Legislation: Congress Aims for Lasting Impact with Wiley Nickel Recently, there has been a surge in the discussion surrounding cryptocurrency legislation in Congress, with the goal of implementing lasting changes in the industry. Wiley Nickel, a prominent figure in the world of cryptocurrency and blockchain, has been at the forefront of these efforts. Nickel [...]

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Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge in three months. Coinciding with this development, [...]

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Stocks notch best week since June as Bitcoin holds $19K

Bitcoin (BTC/USD) traded above $19,200 late afternoon on Friday, with bulls looking to hold onto gains after the latest flip from lows around $18,700. There were also marginal gains for most top 10 altcoins, with Ethereum adding 2% and Cardano up 3%.

XRP was up 4%, at the time of writing, following the positive news around its case with the US Securities and Exchange Commission (SEC).

Across Wall Street, stocks made some decent gains amid a reversal that had US indices posting a positive end to the week. The S&P 500 and Nasdaq rose by more than 2.3% each, with the Dow Jones Industrial adding over 700 points. The indices clocked 4.7%, 4.9% and 5.2% for S&P 500, the Dow and Nasdaq respectively for the market’s best weekly return since June this year.

The stock market’s super end to the week came as investors evaluated the possibility of the US Federal Reserve easing its aggressive rate increases much sooner than has been publicized over recent months.

TV journalist Susan Li summed up the various comments in a tweet:

US #STOCKS RALLY ON #FEDERALRESERVE COMMENTS??

DALY: TIME IS NOW TO START TALKING ABOUT SLOWING RATE HIKES
"NEED TO DO EVERYTHING IN OUR POWER NOT TO OVERTIGHTEN"
"DON'T JUST KEEP GOING UP AT 75 BPS INCREMENTS"
"DO A STEP-DOWN, NOT TO PAUSE, BUT TO 50 BPS OR 25 BPS INCREMENTS"

The upside also materialized amid a series of encouraging corporate earnings results on Wall Street, with the retreat in Treasury yields another booster on the day.

But the gains on Friday cannot distract from the fact that 2022 has been painful for the markets, with a massive drawdown held aloft by the Fed’s hawkishness as inflation skyrocketed to a 40-year high.

The over $18 trillion wipeout in equities has the current losses at levels worse than during the 2008 and 2020 markets pain.

The @federalreserve hawkishness has caused an enormous amount of wealth destruction in US stocks and bonds with a drawdown of $18 Trillion in the US equity and fixed income markets. Far worse than 2008 and 2020’s market value destruction. pic.twitter.com/jvHAUyVbK1

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MicroStrategy buys an additional 301 bitcoins, now holds 130,000 BTC

MicroStrategy (NASDAQ: MSTR) has added to its massive holdings with yet another haul, according to financial documents filed with US Securities and Exchange Commission (SEC) on 20 September 2022.

As far as cryptocurrency news go, this sums up a big thumbs up from one of the largest corporate holders of Bitcoin (BTC),

As per the filing and as confirmed by MicroStrategy Executive Chairman Michael Saylor, the publicly-traded business intelligence company has acquired an additional 301 BTC to bring its total holdings to approximately 130,000 bitcoins.

MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I

The company announced that the new purchases occurred between 2 August 2022 and 19 September 2022. The firm forked about $6 million for the 301 bitcoins, accounting for an average price of roughly $19,851 per bitcoin. The purchase was paid for in cash, according to the SEC filing.

As of 19 September, MicroStrategy had purchased bitcoins at an aggregate price of $3.98 billion, bringing the company’s average purchase price to around $30,639. These costs are inclusive of fees and other expenses.

Michael Saylor is one of Bitcoin’s most prominent supporters and has maintained his bullish stance for the asset class since the firm first purchased BTC in 2020. Recently, as reported by Invezz, he stepped down from the company’s CEO post in what he said was a move that would allow him to better focus on its Bitcoin strategy.

This weekend, as Bitcoin struggled with bearish pressure, he took to Twitter to highlight how the crypto asset has performed since 2020 compared to other asset classes. In his tweet, he shows that BTC has outperformed most other assets, including the S&P 500, gold and bonds.

Since @MicroStrategy adopted the #Bitcoin Standard:

MSTR +67%, BTC +65%, GOOG +39%, AAPL +34%, ORCL +25%, MSFT +18%, S&P 500 +15%, IBM +5%, NASDAQ +4%, GOLD -17%, BOND -18%, AMZN -22%, CRM -23%, SILVER -32%, META -44%, SAP -47%, NFLX -50%

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Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet – Finance Bitcoin News

Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank Now Offers In-App Crypto Trading […]

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Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets – Mining Bitcoin News

On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second in February to 3.95 EH/s by the end of March. […]

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Bitcoin, Ethereum Dip Below Key Psychological Footholds

Key Takeaways Bitcoin and Ethereum both tumbled below key technical and psychological levels earlier today. While the two largest digital assets have since recovered some of their losses, most of the market has been suffering from bearish price action. Approximately $1 trillion has been slashed from the total cryptocurrency market cap since November. Share this […]

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Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe. The March 19 announcement from the U.S. Fed comes only a few hours after Swiss-based bank Credit Suisse was bought out [...]

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Bitcoin Price Holds Steady as XRP, Litecoin, OmiseGO, and Siacoin Eye Bullish Movement

Bitcoin has continued to trade within a narrow range recently, while other cryptocurrencies like XRP, Litecoin, OmiseGO, and Ontology are eyeing potential gains. This steady consolidation in the Bitcoin market indicates a period of indecision among traders, with prices moving sideways as bulls and bears struggle for control. XRP, the native digital asset of the [...]

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Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12

The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the

The post Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12 appeared first on BTC Ethereum Crypto Currency Blog.

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‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known [...]

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