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Grayscale Bitcoin ETF Registers Sustained Inflows Amidst Market Fluctuations

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Grayscale's Bitcoin Trust (GBTC), heralded as the world's largest spot Bitcoin ETF, reported its second consecutive day of net inflows on May 6, a noteworthy recovery from the substantial outflows that surpassed $17.5 billion since January's inception of similar financial products. According to data from Farside Investors, GBTC witnessed inflows amounting to $3.9 million, a modest sum compared to other industry players like the Fidelity Wise Origin Bitcoin Fund (FBTC), yet significant enough to contribute to the continued influx of capital into the spot Bitcoin ETF sector. This resurgence in investor interest aligns with a broader reversal for GBTC, which recorded its first net inflow in over three months on May 3, following a troubling period of continuous capital withdrawals. These outflows, which had resulted in a 33% reduction Read more about Grayscale Bitcoin ETF Registers Sustained Inflows Amidst Market Fluctuations #BitcoinETF, #Cryptocurrency, #Cryptomarket, #Crypto

Upcoming economic events 8 May 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious03:352 points10-Year JGB Auction---------0.753%07:002 pointsEuropean Central Bank Non-monetary Policy Meeting------------------14:303 pointsCrude Oil Inventories-1.430M7.265M14:302 pointsCushing Crude Oil Inventories---------1.089M17:003 points10-Year Note Auction---------4.560% Read more about Upcoming economic events 8 May 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Bitfinex CTO Refutes Data Breach Claims, Confirms User Security Intact

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Bitfinex's Chief Technology Officer, Paolo Ardoino, has formally dismissed allegations of a data breach at the cryptocurrency exchange, asserting the security of user data remains uncompromised. Over the past weekend, Ardoino conducted a detailed internal review in response to claims of a severe data breach, which he has now confirmed were baseless. The controversy began last Saturday when a report by Alice of Shinoji Research suggested that Bitfinex had fallen victim to a data breach orchestrated by a hacking group known as FSociety. The claim, which was swiftly retracted, alleged that approximately 2.5 terabytes of data, including the personal details of some 400,000 users, had been stolen during an attack dated April 26. However, this tweet was later removed. In clarifying the situation, Ardoino explained that the supposed Read more about Bitfinex CTO Refutes Data Breach Claims, Confirms User Security Intact #Bitfinex, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoda

Upcoming economic events 7 May 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsau Jibun Bank Japan Services PMI (Apr)54.654.101:302 pointsRetail Sales (MoM)-0.2%0.3%04:303 pointsRBA Interest Rate Decision (May)4.35%4.35%05:302 pointsRBA Monetary Policy Statement------------------05:302 pointsRBA Rate Statement  ------------------10:002 pointsEurogroup Meetings------------------15:302 pointsFOMC Member Kashkari Speaks  ------------------16:002 pointsEIA Short-Term Energy Outlook------------------17:002 points3-Year Note Auction---------4.548%19:002 pointsConsumer Credit (Mar)15.50B14.12B20:302 pointsAPI Weekly Crude Oil Stock---------4.906M Read more about Upcoming economic events 7 May 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Unprecedented Surge in Scam Activities on Coinbase’s Base Chain in April

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April witnessed a significant escalation in scam activities on Coinbase's Base chain, highlighting its vulnerability within the cryptocurrency ecosystem. Data from Scam Sniffer reveals that two of the top ten largest single thefts during this period occurred on this network, collectively constituting over 20% of April's total cryptocurrency thefts. While the broader crypto market experienced a decline in hacking incidents in April, certain networks, like Coinbase’s Base, saw increased scammer activity. Built on the Ethereum blockchain, the Base network suffered a 145% increase in such activities over the month. Since January, the network has seen an alarming 1,900% rise in scammer activities, leading to significant financial losses. Scammers primarily stole about $170,000 through phishing attacks, with nearly 90% of the pilfered a Read more about Unprecedented Surge in Scam Activities on Coinbase’s Base Chain in April #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoda

Cardano's Charles Hoskinson Considers Strategic Alliance with Bitcoin Cash

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Charles Hoskinson, the visionary founder of Cardano, has recently signaled potential collaboration with Bitcoin Cash (BCH), aiming to augment blockchain functionality and efficiency. On May 4, Hoskinson initiated a discussion on X, formerly known as Twitter, with a poll that gauged public interest in Cardano (ADA) partnering with Bitcoin Cash. This strategic alliance would leverage advanced technologies such as Proof of Useful Work (PoUW), Non-Interactive Proofs of Proof-of-Work (NIPoPoW), and Ergo's solutions. Hoskinson believes that these technological integrations could position BCH as the preeminent proof-of-work blockchain in terms of speed and utility. At the time of reporting, the poll remains active with six days left, and it has already attracted over 11,800 responses, with 66% in favor of this innovative partnership. In Read more about Cardano's Charles Hoskinson Considers Strategic Alliance with Bitcoin Cash #ADA, #BCH, #Cardano, #Cryptocurrency, #Cryptomarket, #Cryp

Upcoming economic events 6 May 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:452 pointsCaixin Services PMI (Apr)52.552.708:002 pointsHCOB Eurozone Composite PMI (Apr)51.450.308:002 pointsHCOB Eurozone Services PMI (Apr)52.951.517:002 pointsFOMC Member Williams Speaks------------------ Read more about Upcoming economic events 6 May 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Vodafone's Strategic Leap: Integrating Crypto Wallets into SIM Cards Amid Financial Maneuvers

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The British telecommunications giant Vodafone is on a strategic path to redefine mobile technology by integrating cryptocurrency wallets into subscriber identity module (SIM) cards, enhancing blockchain accessibility for smartphone users. This initiative is part of a broader financial strategy to stabilize and expand its operations, which includes acquiring nearly $3 billion in debt, with $1.8 billion of this amount earmarked as loans over the coming two years. Vodafone’s pursuit of innovation through blockchain technology was highlighted in a recent dialogue with Yahoo Finance Future Focus, where Vodafone Blockchain Lead David Palmer outlined the company's futuristic vision. "By 2030, with over 20 billion mobile phones projected to be in use—many of which will be smartphones—we are gearing up to connect SIM cards directly with digit Read more about Vodafone's Strategic Leap: Integrating Crypto Wallets into SIM Cards Amid Financial Maneuvers #Cryptocurrency, #Cryptomarket,