Balita sa Industriya ng Crypto at Market Trends

Fabric Ex-CFO Lost $35M in Crypto Crash, Accused For Wire Fraud

crypto　　Fabric Ex-CFO Nawala ang $35M sa Crypto Crash, Inakusahan Para sa Wire Fraud　　9 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Former CFO of software solutions provider Fabric was charged with four counts of wire fraud. He, without informing the company or the employee, invested money in his side business of cryptocurrency. The CFO took $35 million from employees, invested, and lost it in a crypto crash. This is all declared in the allegation made by the Grand Jury on Wednesday.　　Nevin Shetty was hired in March 2021 as CFO of Fabric. This company makes software platforms for retail commerce. About a year later, in March 2022, he was informed about job performance concerns. Knowing these issues, he took the money and transferred it to the Hightower Treasury. This is a crypto platform controlled by him as a side business.　　Crypto Crash is the Reason Behind Loss　　As the crypto market crashed in May 2022, the value of the funds became zero. The main reason for the market crash is the bankruptcy of one of the largest global cryptocurrency exchanges, FTX. Macroeconomic factors such as interest rates and inflation are also responsible for the downfall. The market crash caused a lot of pain and widespread

2023-05-21Industriya

Probability That US Banks Will Restrict Cash Withdrawals Is Rising Like Mercury, Says Macro Guru Hugh Hendry

Tech　　Probability That US Banks Will Restrict Cash Withdrawals Is ‘Rising Like Mercury’, Says Macro Guru Hugh Hendry　　8 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Macro guru Hugh Hendry is expanding his views on the US banking system amid lingering turmoil in the financial sector.　　In a new interview on Stansberry Research with Daniela Cambone, the hedge fund manager says the Feds tight monetary policy has increased the probability that banking customers could one day face restrictions on the amount of cash they can pull out.　　Although blanket limits on bank withdrawals are unknown in the US, such restrictions were implemented in Greece and Cyprus during the debt crisis of the mid-2010s.　　Cash withdrawal limits are currently in place in Nigeria, where individuals are allowed to withdraw 20,000 naira, worth about $43 dollars, per week. Leaders in the economically-troubled nation say the move is designed to pull cash out of the system ahead of a planned move to a fully digital economy.　　Hendry says Americas banking industry will likely witness further deposit flight as we now live in a world where a customer can pull out their funds with a press of a button.　　He also points out that the Feds rate hikes over the past year

2023-05-21Industriya

National Treasure Holds The Lead To Win, Blazing Sevens Places, Mage Shows

Pananalapi　　National Treasure Holds The Lead To Win, Blazing Sevens Places, Mage Shows　　7 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　BALTIMORE, MARYLAND – MAY 20: Jockey John Velazquez #1 riding National Treasure leads the field on　　National Treasure, who led long and hard in the 2023 Preakness under jockey John Velasquez, held off a late surge from Blazing Sevens to give trainer Bob Baffert an historic eighth victory in the race. With that, Baffert becomes the winningest trainer in the races 148 runnings. National Treasure had gone off at 5-2 and paid $7.80. Blazing Sevens had received quite a bit of chatter and some of the money in the runup to the race, and paid $5.00. The top favorite Mage had gone off at 8-5 and paid $2.40.　　Favorite Mage had run back to third at the top of the stretch but could not manage to overtake his two rivals — with Blazing Sevens putting on a spirited challenge to National Treasure in the last two furlongs. Mage held on to show at the finish.　　National Treasure and Velasquez eked out their win masterfully, with Blazing Sevens galloping out strongly. One had the sense that Velasquez could almost see the needle on the gas tank

2023-05-21Industriya

Track The Latest Artificial Intelligence Trends And Leading Stocks

Pananalapi　　Track The Latest Artificial Intelligence Trends And Leading Stocks　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Investors beware: there‘s plenty of buzz around artificial intelligence (AI) as more and more companies say they’re using it. In some cases, companies are using older data analytics tools and labeling it as AI for a public relations boost. But identifying companies actually getting material revenue growth from AI can be tricky. The latest entrant to this field is digital media and marketing software firm Adobe (ADBE).　　AI Stocks: Kung sakaling Napalampas Mo ang Mga Pag-unlad na Ito Sa Artificial Intelligence　　AI uses computer algorithms to replicate the human ability to learn and make predictions. Remember, AI software needs computing power to find patterns and make inferences from large quantities of data.　　The two most common types of AI tools are called “machine learning” and “deep learning networks.”　　AI Stock Surges On Upbeat Sales Views; Is C3.ai Stock A Buy Now？　　Ang Mga Manlalaro:　　NVIDIA (NVDA) is one company that can lay claim to AI-driven growth. Internet and tech companies buy its processors for cloud computing. Nvidias AI chips also are helping guide some self-driving cars in early trials. Is Nvidia Stock a buy right now？　　Startups are racing to build AI

2023-05-21Industriya

Bitcoin and Ethereum supply on exchanges hit historical lows - details

Bitcoin Ethereum　　Bitcoin and Ethereum supply on exchanges hit historical lows – details　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The cryptocurrency market remains calm this weekend, Saturday witnessing fewer price movements. Digital coins recorded minor price moves over the past 24 hours, with Bitcoin and Ethereum fluctuating by 0.1% and 0.03% (respectively). However, market players are withdrawing their tokens from exchanges.　　Investors withdraw assets from exchanges　　The best updates indicated that cryptocurrency players are purchasing & withdrawing their cryptos, specifically Bitcoin and Ethereum, from crypto exchanges. That comes as the market exhibits bearish cues.　　Moreover, the Santiment chart indicated that Bitcoin‘s current supply on exchange stands at 5.7%, representing the lowest number since December 2017 – when Bitcoin touched $20K for the first time. Also, Ethereum’s supply stand at lows never witnessed since its debut in 2015, at 10.1%.　　source – Santiment　　Ethereums case could have emerged from Ether holders, who prefer staking their tokens than leaving them on exchanges to fetch returns.　　Crypto markets still down　　Considering these details, the crypto market seems unprepared for bullish rallies, and market players can expect solid price rallies later next year. Moreover, market players have resorted to trading on futures – not spot.　　Meanwhile, Bitcoin price seems susceptible to plunging toward

2023-05-20Ethereum

Ethereum self-custody wallet demands reach ATH – Cryptopolitan

Ethereum　　Ethereum self-custody wallet demands reach ATH – Cryptopolitan　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The demand for self-custody solutions for Ethereum is on the rise, as highlighted by Jameson Lopp, the co-founder and chief technology officer of Bitcoin wallet provider Casa. Speaking at Bitcoin 2023, Lopp revealed that Casa has witnessed an increasing number of Ethereum users seeking their services, prompting the company to extend its support to Ethereum.　　The collapse of FTX in 2022 and similar incidents have raised awareness about the importance of securely storing Ethereum and Ethereum tokens like stablecoins. Lopp shared that Casas clients suffered losses due to such collapses, emphasizing the need for distributed cold-storage setups to safeguard not only Bitcoin but also other assets like stablecoins.　　In response to this pressing issue, Casa announced its decision to introduce Ethereum support in December. Despite facing criticism from Bitcoin enthusiasts on social media, the company proceeded with the plan, driven by the demands of its clients.　　Lopp acknowledged that self-custody is often perceived as challenging due to the perceived learning curve involved. While setting up a wallet and transferring cryptocurrency to it may be straightforward, adopting proper security practices can be complex, deterring some users from embracing self-custody.　　To address

2023-05-20Ethereum

Creator ben.eth Faces Action Lawsuit – Cryptopolitan

Ethereum　　Creator ben.eth Faces Action Lawsuit – Cryptopolitan　　24 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　In the wake of the PEPE meme coin frenzy, the cryptocurrency market has witnessed the rise of other meme coins, namely BEN and PSYOP. These digital assets gained significant attention after being linked to prominent figures Ben “Bitboy” Armstrong and Andrew Tate. However, their creator, ben.eth, now finds themselves entangled in a legal battle, facing class action lawsuits and allegations of misleading investors and wire fraud.　　Renowned law firm Loevy & Loevy, led by partner Mike Kanovitz, has recently made headlines by threatening to file a class action lawsuit against ben.eth. The lawsuit stems from allegations of misleading investors and potential charges of racketeering, fraud, and wire fraud. To further emphasize their stance, Kanovitz sent a unique and symbolic letter as an NFT to ben.eths address, marking the seriousness of the situation.　　The PSYOP presale, which has already raised over $7 million, serves as the focal point for the lawsuit. Kanovitz asserts that if the class action lawsuit proceeds, damages worth $21 million will be sought. As part of a potential settlement, the lawyer demands that ben.eth refund the presale buyers by returning the equivalent value in ETH.　　ben.eths association

2023-05-20Ethereum

Sparklo Sees Exponential Growth in Stage Two Presale and Ethereum’s Solidity Language Gets Updated

Ethereum　　Sparklo Sees Exponential Growth in Stage Two Presale and Ethereums Solidity Language Gets Updated　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Across the Web3 space, there are constantly new projects aiming to reach the top spot in regard to their market capitalization. In fact, there are currently over 24,000 different cryptocurrencies for investors to pick and trade, which is an ever-growing list.　　Some might decide to go towards well-established projects like Ethereum (ETH) in order to get the most out of the Web3 space, but even these cryptocurrencies can dip in value. Historically, those who have managed to get the most value from the cryptocurrency industry are the ones who invest in presale-stage projects and one of the latest projects to appeal to investors and traders is Sparklo and we are about to explore why this is the case.　　Sparklo is one of the latest, most unique and innovative platforms that aim to fundamentally change the way that people perceive precious metals online. Through the Sparklo platform, anyone can have the ability to purchase fractions of an NFT that is directly backed by the physical asset itself, which can be a gold, silver, or platinum bar. Moreover, they can buy an entire NFT

2023-05-20Ethereum

NFT Marketplaces Witness Dramatic Reduction in Ethereum Fees

Ethereum NFT　　NFT Marketplaces Witness Dramatic Reduction in Ethereum Fees　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Gone were the days of NFTs topping the Ethereum gas-consuming charts. This week, of the top 20 gas consumers, OpenSea and Blur accounted for less than 10% combined. And against all gas consumers, the NFT marketplaces were just over 3%. Uniswap in contrast was 10x more – 31.99%.　　Navigating the Gas Crisis　　Ethereum market capitalization has also recorded huge gains in the past 7 days. ETH‘s market cap has surged over 2% from a cap low of $215 billion to a high of $218 billion on Friday. Meanwhile, ETH’s daily trading volume has plunged throughout the week from a high of $10 billion last Friday to $5.5 billion in the last 24 hours.　　Ethereum (ETH)s price is moving sideways on the 4-Hour chart. Source: ETH/USDT on TradingView.com　　Interestingly, the asset has picked up from where it left off, rallying 1.1% in the last 24 hours. ETH currently trades slightly above $1,800 with a price of $1,811 at the time of writing.

2023-05-20Ethereum

Cardano Ethereum-Compatible Sidechain Receives New Deployment

Ethereum　　Cardano Ethereum-Compatible Sidechain Receives New Deployment　　5 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Milkomeda, a Layer 2 protocol that brings EVM capabilities to non-EVM blockchains, has announced the news of a major deployment to the Cardano Ethereum-compatible sidechain, Milkomeda C1.　　According to it, the newest bridge contract, v5 on mainnet C1, was just successfully deployed. It notes that this is one of the most important steps toward the upcoming Milkomeda C1 v2 release.　　Milkomeda C1 continues its transition process towards v2. In an update yesterday, Milkomeda noted that bridge validators have started a planned update of their bridging software.　　The Milkomeda V2 release will include features such as wrapped smart contracts, liquid staking, an aggregator with a rescue treasury for users and new validator software, which will also see the launch of several dApps.　　In March last year, the Milkomeda Foundation unveiled Milkomeda C1, which enables Ethereum dApps to be deployed in the Cardano ecosystem.　　Months later, Milkomeda has achieved notable success, processing millions of transactions. As noted by the team, the challenge remains that a lot of the tooling is not friendly enough for operators. This spurred the decision as regards the Milkomeda V2 release.　　Last month, Djed saw its deployment on the Milkomeda C1 side

2023-05-20Ethereum

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