Bitcoin downward pressure ‘abated’ as sell-side markets shrink
Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex analysts say.
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Beijing releases white paper for web3 innovation and development
Hong Kong's crypto regulations coinciding with the white paper released in Beijing pique interest. 1487 Total views 11 Total shares Beijing, the capital city of China, has reportedly unveiled a white paper with the objective of fostering innovation and advancing the web3 industry.The Zhongguancun Forum witnessed the release of the "Web3 Innovation and Development White…

Bitcoin Price Drops $200 in Minutes as $10.2K Support Shows Cracks
Bitcoin (BTC) price suddenly dropped by roughly $200 in minutes on Sept. 16 as commentators nevertheless revealed broad belief that upwards growth is imminent. Market visualization. Source: Coin360Bitcoin price should eye $10,700 to spark uptrendData from Coin360 revealed a rare period of almost level trading for Bitcoin overnight, having spent the weekend trading in a narrow…

Blockchain security firm freezes $160K stolen in Merlin DEX ‘rugpull’
Smart contract auditor CertiK claims to have blocked $160,000 from Merlin, a zk-Sync-based decentralized exchange (DEX) which has been the center of a rogue insider "rugpull" that lost users $1.8 million last week.CertiK shared the news of its successful $160,000 freeze of the stolen funds in an update to its 257,700 Twitter followers on May…

OTC crypto shops flood Hong Kong, but regulations may impact their presence
Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with the digital asset platform Crypto.com. Yet,…

Lazarus Group exploited Chrome vulnerability with fake NFT game
The North Koreans invested great effort in creating and promoting the game that apparently drained users’ wallets.

Coinbase shares to open lower after 75% drop in net income in Q3
Coinbase posted total net revenue of $1.235 billion in Q3 falling 30% short of FactSet estimates of $1.614 billion. 88 Total views 6 Total shares Coinbase (COIN) shares have taken a hit after the firm posted a 75% decrease in net income during the third quarter. COIN closed Nov. 9 with a 0.98% gain at…

Bank of America: Blockchain Market Could Hit $7 Bln, Will Give Boost to Amazon, Microsoft
The Bank of America (BoA) has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon, CNBC reports Oct. 2.While BoA’s analysts refrained from putting “a time stamp” on the industry becoming a major, multi-billion dollar addressable market, they reportedly based their estimates…

Billion dollar Bitcoin mining industry resumes in Iran after three month ban
The extreme heat of the summer has subsided, so crypto mining has been given the green light as it can no longer be blamed for stressing the electricity grid. 651 Total views 16 Total shares The Iranian government will allow licensed cryptocurrency miners to resume operations today following a three-month ban imposed by former President…