Bitcoin is likely to remain rangebound until at least Q4 2023, according to market analyst Filbfilb. He predicts that miners and smart money investors will play a crucial role in driving up the price before the halving. Based on historical patterns, he expects supply to be constricted and new money to be driven by speculation in Q4. However, macroeconomic factors, such as the Federal Reserve’s interest rate decisions, could also impact Bitcoin’s price trajectory. If conditions remain favorable, Filbfilb believes Bitcoin could convincingly break $30,000 before the end of 2023.

Share On Facebook?

Tweet This!

Save!

Giant Swan, a Melbourne-based VR painter and sculptor, has emerged as a prominent digital artist in the NFT space. With his unique and immersive pieces, he has captured the attention of collectors worldwide. Giant Swan’s art is characterized by its dreamlike quality and emotional depth, which he achieves through his use of virtual reality. By wearing a VR headset, he is able to create art by turning his movements into shapes and colors, allowing him to explore endless possibilities. Through his art, Giant Swan aims to evoke a sense of experiencing a dream, inviting viewers to immerse themselves in his creations.

Share On Facebook?

Tweet This!

Save!

Magnate Finance, a lending/borrowing platform on Coinbase’s layer 2 protocol Base, has rug-pulled its users of $6.5 million. Following the deletion of their Telegram channel, website, and social media presence, the project developers manipulated the price oracle and removed all assets, resulting in the collapse of $6.4 million in total value locked (TVL). The scammers behind the project transferred stolen funds to different wallets and bridged them to EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. L2 platforms, the Binance chain, and Arbitrum and Optimism through Stargate. Despite these actions, around 295 ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. and 1.3M DAI are still held on the Base Chain. Exit scams and rug pulls have become common in the decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... finance ecosystem, with $656 million lost in such incidents during the first half of 2023.

Share On Facebook?

Tweet This!

Save!

Vauld, a Singapore-based crypto exchange, has received court permission to restructure its board. The ongoing bankruptcy proceedings since August 2022 have led to the appointment of new top management to lead the company’s bailout process. The current board will be replaced by a new CEO, a creditor representative, and a scheme manager. In addition, Vauld has resumed know-your-customer (KYC) checks for existing customers and froze the withdrawal option in July 2022 due to unfavorable market conditions and a significant bank run. The company owes around $400 million to its creditors, primarily individual depositors’ money.

Share On Facebook?

Tweet This!

Save!

According to a recent survey conducted by the Saint Petersburg Exchange and the Russian Trading System (RTS), over half of Russian citizens are open to the idea of using a central bank digital currency (CBDC). However, when it comes to storing more than 20,000 rubles ($212), only 17% of respondents trust the digital ruble. The survey, which involved over 2,000 participants aged 18 to 65, revealed that 58.3% are theoretically willing to invest in CBDC, with the majority comfortable storing a sum ranging from 5,000 to 20,000 rubles. The main obstacles mentioned by respondents include a lack of information about the technology (22%) and concerns about cyber theft and system failures (21%).

Share On Facebook?

Tweet This!

Save!