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Ripple CEO Brad Garlinghouse has voiced his disappointment with the recent comments made by Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC). Garlinghouse took to Twitter earlier today and called on lawmakers in the United States to take notice and address legislation for the crypto industry. For the Chair of the SEC to assert that he dictates what is a security – and not the legislation from which his agency derives its power – is beyond comprehension. It's time for elected officials in the US to take notice. https://t.co/kvat6ixUdS — Brad Garlinghouse (@bgarlinghouse) March 30, 2023 Brad Garlinghouse’s tweet was in response to the comments made by Gensler after a House Appropriations Committee hearing earlier this week. The SEC chair told reporters that there was no need for additional laws for crypto and that existing securities laws were sufficient for crypto’s regulation. According to Chair ...

According to cryptocurrency reporter Colin Wu, 141,000 Bitcoin (BTC) options, worth a whopping $4 billion, are set to expire soon. The contracts carry a Put-Call Ratio of 0.74 and a max pain point of $24,000. 141,000 BTC options are about to expire with a Put Call Ratio of 0.74, a max pain point of $24,000 and a notional value of $4.1 billion. 1.746 million options are about to expire, with a Put Call Ratio of 0.33, a max pain point of $1,600 and a notional value of $3.1 billion. By… — Wu Blockchain (@WuBlockchain) March 30, 2023 Moreover, apart from Bitcoin (BTC), 1.746 million Ethereum (ETH) options, worth $3.1 billion, are also nearing expiration. The ETH contracts have a Put-Call Ratio of 0.33 with a max pain point of $1,600. The Put-Call ratio is a popular metric in options trading that shows the balance between put options and call options. Put options are bearish bets, while call options are bullish. The max pain point, on the other hand, is when option owners will experien...

Join Our Telegram channel to stay up to date on breaking news coverage Threat intelligence firm Mandiant has released a report stating that the North Korean group APT43 has been using cryptocurrency services to launder stolen funds as part of its larger mission of cyber espionage against other countries. The group’s main targets include the US and South Korea.  Mandiant claims North Korea's APT43 likely uses cloud mining services to launder stolen cryptos — AMBCrypto (@CryptoAmb) March 29, 2023 Unlike other North Korean groups that primarily bring in funds for the regime, APT43 appears to be using these operations to sustain its activities. The group is believed to have used stolen bitcoin to pay for the hash rental and cloud mining services, acquiring “clean bitcoin.” Mandiant’s report further explained that hash rental and cloud mining services provide hash power to mine cryptocurrency to a wallet the buyer chooses for a fee. The resulti...

In a new 2023 budget plan, the Canadian government said that federally regulated pension funds in the country would have to tell the Office of the Superintendent of Financial Institutions (OSFI) about their exposure to crypto assets. According to the report, the government seeks to protect Canadians’ retirement benefits following several high-profile bankruptcies in the financial world affecting pension funds. It includes the recent failures of the FTX crypto exchange and the Celsius Network. Simon Dixon, CEO of BnkToTheFuture, took to Twitter to comment on the new regulatory requirement. He said the Canadian Pension Funds have “Crypto PTSD,” [post-traumatic stress disorder], for investing in the Sam Bankman-Fried-led FTX exchange after suffering significantly from the collapse of Celsius. Canadian Pension Funds invested in both Sam Bankman-Fried #FTX & Alex Mashinsky #Celsius Equity – I think they have Crypto PTSD https://t.co/D2ECVONUA3 — Simon Dixon ...

The OpenAI program that has dominated the news cycle is continuing to intrigue users with both excitement and panic. Now, it has been reported that ChatGPT could affect 300 million jobs worldwide and eventually replace nearly 20% of the US workforce. Goldman Sachs noted that the generative AI system could take over nearly all administrative and legal roles. Moreover, The Wall Street Journal reported a study that said accountants and mathematicians are at high risk to be replaced by sophisticated chatbots. Source: Bất động sản Meey Land ChatGPT is Coming For Your Jobs Since its arrival in late 2022, ChatGPT has been the talk of the tech world. Dominating the industry through its advanced capabilities, the generative AI program has impressed users across the board. Moreover, it has infused the job market with panic, as many are concerned about whether or not their employment is at risk. Now, two new reports have indicated that there may be cause for concern after all. S...

General Bytes has implemented several measures in the wake of the hack, including offering to reimburse its cloud-hosted customers and adding new security measures. Bitcoin ATM manufacturer General Bytes says it is reimbursing its cloud-hosted customers that lost funds in a "security incident" in March that saw its customers' hot wallets accessed. As previously reported by Cointelegraph, the ATM manufacturer issued a statement about a security incident on March 17 and March 18, which involved a hacker remotely uploading a Java application into its terminals and gaining access to sensitive information, such as passwords, private keys and funds from hot wallets. In a recent statement to Cointelegraph, the ATM manufacturer said have since been moving swiftly to "address the situation" and has made the decision to refund its "cloud-hosted customers who have lost funds." On March 17-18th, 2023, GENERAL BYTES experienced a security incident. We released a...

Liquidity concerns in the cryptocurrency markets have been growing, and recent collapses in the banking sector have only served to exacerbate an already precarious situation. Analyst Conor Ryder from Kaiko Research addressed this issue in a recent blog post, examining market depth, spreads, slippage, and volumes as key indicators of liquidity in the crypto markets. According to Ryder’s Analysis , the closure of the SEN network and Silvergate’s Signet payment network — both crucial for market makers in the space — has further strained liquidity. His examination of market depth shows that neither Bitcoin nor Ethereum has seen improvements in native units, with liquidity levels at their lowest in 10 months. Spreads have also become more volatile due to banking issues, particularly affecting USD-linked exchanges and pairs. Ryder notes that the longer it takes for a viable alternative to SEN or Signet to emerge, the more volatile these spreads and depth will become. H...

Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks. Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a March 24 post — about a month after Coinbase launched Base on Feb. 23. Base is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a build er passionate about making the onchain economy grow, but looking for where to start? We just published a Request for Builders: four areas we’d love to see build ers explore on Base (with funding from the Base Ecosystem Fund) https://t.co/XSSdPnusyc — Base (@BuildOnBase) March 24,...

While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation. A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT. NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH, hoping to hold it for the long term. Now feels like an appropriate time to introduce #BAYC 586 to #Punk 685 (acquired a week ago). Hope to hold both for a decade… LGF! pic.twitter.com/SLb68rY6MR — Brandon Riley (@vitalitygrowth) March 19, 2023 As a seasoned investor, Riley knew the importance of procuring new NFTs right before crypto markets took off into a new bull market. As a result, he decided to borrow some money against CryptoPunk #685 by using a popular technique known as wrapping. I did do ...

Join Our Telegram channel to stay up to date on breaking news coverage The price of Bitcoin has dropped back to $28,200 after climbing past $28,800 on Thursday. Is this a short correction or a return to the bearish? Let’s find out! Bitcoin Back To $28,200- Still A High For The Year Bitcoin had been undergoing a significantly massive surge since the start of 2023, marking most of its gains for the year in the first month itself. The number one crypto token displayed a remarkable performance in January, closing the month with a gain of well above 35%. The market leader further managed to keep above the closing levels for Jan in the following month, although the performance was relatively underwhelming when compared to the month prior. Despite that, bitcoin did manage to make single-digit percentage gains at its highest in February. It wasn’t until March that the token started to bottom out, signaling a possible end of the bull cycle for the year. Bitcoin continued t...

Tesla CEO and Twitter owner, Elon Musk , has allowed the Dogecoin (DOGE)-focused handle “DogeDesigner” to visit the headquarters of the social giant. However, Musk said that the visit would cost the individual a fee of 3 DOGE, or $0.23136 at current rates. DogeDesigner took to Twitter and said that they will be visiting the U.S. for SpaceX’s Starship launch. The Dogecoin-centric Twitter handler said that they would like to visit the social media giant’s offices during their time in the U.S. However, one Twitter team member told the individual that they would need Musk’s permission to do so. Ok, but it will cost 3 Doge — Elon Musk (@elonmusk) March 23, 2023 Now Musk’s response may be a joke, as $0.23136 is an insignificant amount for visiting the offices of a tech company. Nonetheless, the billionaire has never missed an opportunity to show love to the original memecoin. Musk has been quoted multiple times, saying that Dogecoin (DOGE) is his favorite cryptocurrency. ...

Paolo Ardoino said that recent events in the crypto space demonstrate that Bitcoiners were right and that Bitcoin is the “ultimate way” to hold wealth. At the Paris Blockchain Week 2023, Tether’s chief technology officer Paolo Ardoino spoke with Cointelegraph reporter Joseph Hall to discuss topics like the USD Coin (USDC) breaking its dollar peg and how it highlights the importance of Bitcoin (BTC) and decentralization.  Cointelegraph journalist Joseph Hall with Tether CTO Paolo Ardoino at the Paris Blockchain Week According to Ardoino, Stablecoin issuers should always make sure that their reserves remain protected. The Tether executive believes that a Stablecoin issuers job protecting reserves and funds with all its capabilities. Ardoino explained that:  “I think the mistake of our competitor was to leave $3 billion or more that were uninsured sitting in the bank. [...] And I was surprised to see this lack of understanding of risk management from big competitors in the space.” In ad...

Speaking today, US Treasury Secretary Janet Yellen says the economy is “performing very well.” Moreover, the US official was speaking at a banking conference taking place today amidst newfound panic in the financial sector following some of the largest banking failures since 2008. Ultimately, Yellen pointed to the unemployment rate of the nation and its economic response to the downturn as evidence for her claims. Conversely, the current state of banks has left many within the industry in a panic over what could occur in the coming months. JUST IN: US Treasury Secretary Janet Yellen says the economy is "performing very well." pic.twitter.com/2JYzTrYcpY — Watcher.Guru (@WatcherGuru) March 21, 2023 Yellen Praises US Economy The year 2022 saw the US Federal Reserve set out on a year-long interest rate hike to combat growing inflation. Moreover, it was an effort made to protect the nation’s economy from a recessionary state. Now, a potential bank run is upon ...

NULS Partnership with PheasantSwap, a decentralized AMM trading platform based on ENULS, which can achieve fast and decentralized trading through NULS parallel chains and cross-chain technology solutions.  PheasantSwap, has now launched on ENULS testnet. Join the PheasantSwap beta-testing to get NULS ecosystem airdrop! As NULS announcd its Partnership with PheasantSwap. How to interact with PheasantSwap(beta) on ENULS test-net Step 1: Claim ENULS Testnet token on faucet Before you can interact with  PheasantSwap, remember to claim some test tokens from the ENULS faucet:   https://faucet.nuls.io/ , here is how: Connect  https://faucet.nuls.io/   with your  wallet. Request NULS test token by clicking  “REQUEST 2 NULS” NULS (test token) will be sent to your address automatically. Step 2: Switch to ENULS test net environment, connect PheasantSwap with your wallet Launch PheasantSwap DApp (beta) : https://pheasantswap.com/swap?chain=enulsTestnet Click “Connect Wallet” Choose your wallet to...

Bitcoin targets $30,000 as a new week of macro surprises gets going — what might happen next? Bitcoin (BTC) starts a new week in an unmistakably bullish position as it passes $28,000. Crypto markets continue to climb on the back of the banking crisis, which still rages in the United States and abroad — where will they go next? After a week of chaos for macro markets and solid gains as a result, Bitcoin and altcoins are circling levels, which some have not seen for nine months. The 2022 bear market is feeling like an increasingly distant memory as old resistance levels tumble and bulls attempt to cement newly-reclaimed support. This week, as last, there are all sorts of potential hurdles to overcome — the Federal Reserve will decide on its next interest rate changes and new macroeconomic data will drop. Markets will likely stay volatile as a result, and any further unexpected events from the banking sector will only add to the instability. At the same time, Bitcoin’s own ecosystem is s...