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Upcoming economic events 15 December 2023

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsau Jibun Bank Japan Services PMI  ---------50.802:002 pointsFixed Asset Investment (YoY) (Nov)3.0%2.9%02:002 pointsIndustrial Production (YoY) (Nov)5.6%4.6%02:002 pointsChinese Industrial Production YTD (YoY) (Nov)---------4.1%02:002 pointsChinese Unemployment Rate (Nov)5.0%5.0%02:002 pointsNBS Press Conference  ------------------09:002 pointsHCOB Eurozone Manufacturing PMI (Dec)  44.644.209:002 pointsHCOB Eurozone Composite PMI (Dec)  48.047.609:002 pointsHCOB Eurozone Services PMI (Dec)  49.048.710:002 pointsEU Leaders Summit  ------------------10:002 pointsWages in euro zone (YoY) (Q3)---------4.60%10:002 pointsTrade Balance (Oct)---------10.0B13:302 pointsNY Empire State Manufacturing Index (Dec)2.009.1014:152 pointsIndustrial Production (YoY) (Nov)------ Read more about Upcoming economic events 15 December 2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENT...

Ledger Hit by Phishing Attack

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An ex-employee of the cryptocurrency hardware company Ledger fell prey to a phishing scam, compromising their NPMJS account, as reported in an email to Blockworks. Subsequently, the compromised code was uploaded to ConnectKit, a software that links blockchain applications with Ledger devices. Ledger responded swiftly, deploying a fix about 40 minutes after being notified, although the harmful code had already been active for five hours. The malicious code was discovered early Thursday in Ledger’s ConnectKit software libraries. WalletConnect intervened to deactivate the problematic project. Chainalysis identified and publicized the associated address, while Tether CEO Paolo Ardoino announced that his team had frozen the address used by the attackers. Ledger has informed Blockworks that it i Read more about Ledger Hit by Phishing Attack #Altcoin, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations

Nasdaq Adapts Cryptocurrency Technology for Institutional Asset Markets

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Nasdaq Inc. is repurposing its previously developed cryptocurrency technology to create a high-quality platform suitable for various asset markets, including digital assets and carbon trading. Despite suspending its plans to launch a U.S. cryptocurrency custodian business in July, Nasdaq is actively advancing its technology for tokenized assets. During an interview on Bloomberg Television, Nasdaq's co-president, Tal Cohen, unveiled intentions to present this technology as a comprehensive service. This strategic shift aims to provide an institutional-grade platform that supports digital assets and markets like carbon trading. This change in direction is in response to the increased regulatory scrutiny that mainstream financial institutions, including Nasdaq, are facing in their involvement with digital assets. Nevertheless, Nasdaq Read more about Nasdaq Adapts Cryptocurrency Technology for Institutional Asset Markets #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #NASDAQ, #News, ...

DeFi Hacks See Lowest Losses in Two Years Despite $1.7 Billion Stolen in November

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A report from IntoTheBlock indicates that despite more than $1.7 billion being stolen in November alone, DeFi hacks are set to record their lowest losses in two years. Data from the blockchain analytics provider reveals that DeFi lending protocols and cryptocurrency bridges were the primary targets for hackers seeking to drain user funds. While lenders experienced 34 attacks resulting in $1.3 billion in losses due to theft, exploiters managed to pilfer almost double that amount in 10 separate incidents. Lucas Outumuro, head of research at IntoTheBlock, categorized DeFi exploits into two risk categories: economic and technical. There is a higher number of technical exploits, but the losses stemming from economic factors are much larger. Most of the economic exploits can be attributed to flawed mechanism design, while the majority of Read more about DeFi Hacks See Lowest Losses in Two Years Despite $1.7 Billion Stolen in November #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #DeFi, #...

Upcoming economic events 14 December 2023

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsEmployment Change (Nov)11.0K55.0K00:302 pointsFull Employment Change (Nov)---------17.0K00:302 pointsUnemployment Rate (Nov)3.8%3.7%04:302 pointsIndustrial Production (MoM) (Oct)1.0%0.5%09:002 pointsIEA Monthly Report  ------------------10:002 pointsEU Leaders Summit  ------------------13:153 pointsDeposit Facility Rate (Dec)4.00%4.00%13:152 pointsECB Marginal Lending Facility---------4.75%13:152 pointsECB Monetary Policy Statement  ------------------13:153 pointsECB Interest Rate Decision (Dec)4.50%4.50%13:302 pointsContinuing Jobless Claims1,887K1,861K13:303 pointsCore Retail Sales (MoM) (Nov)-0.1%0.1%13:302 pointsExport Price Index (MoM) (Nov)-1.0%-1.1%13:302 pointsImport Price Index (MoM) (Nov)-0.8%-0.8%13:303 pointsInitial Jobless Claims220K220K13:302 pointsRetail Co Read more about Upcoming economic events 14 December 2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Propy's PRO Token Skyrockets 93% in a Day Amid Coinbase's Tokenization Push

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On December 13, 2023, Propy's cryptocurrency token, PRO, experienced a remarkable 93% jump in its value within a single day. This surge occurred following an announcement by the prominent U.S.-based cryptocurrency exchange, Coinbase, regarding its intensified focus on tokenizing real-world assets. CoinGecko's data revealed that at one point, PRO's price briefly exceeded the $0.83 mark, boosting its market capitalization to $40.7 million. This significant rise in PRO's value came on the heels of Coinbase unveiling Project Diamond, an initiative aimed at creating and trading debt instruments on the blockchain. As reported by crypto.news, this development is part of a broader competitive effort to merge conventional financial assets, such as bonds and credit, with blockchain technology. The process, known as the tokenization of Read more about Propy's PRO Token Skyrockets 93% in a Day Amid Coinbase's Tokenization Push #Adoption, #Altcoin, #Blockchain, #Cryptocurren...

Over $1 Million in BONE Tokens Poised for SHIB Conversion and Burn

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A prominent Twitter account focused on Shiba Inu themes, @ShibBPP, recently posted a tweet that has excited the SHIB community. The tweet reveals that over a million dollars in BONE tokens are available to be converted into SHIB and then destroyed. It poses the question, "Who will push the button?" This refers to the 1,396,569 BONE tokens, worth $1,028,306, gathered in transaction fees on Shibarium. However, there's a complication preventing the immediate burning of all these BONE tokens post-conversion. The SHIB community is currently buzzing about this potential massive SHIB destruction, but the actual burn rate has only seen a slight uptick, with about 2.8 million Shiba Inu tokens sent to 'dead' addresses. In Shibarium, transaction costs are paid in Bone ShibaSwap (BONE) tokens. A significant portion of these fees is earmarked Read more about Over $1 Million in BONE Tokens Poised for SHIB Conversion and Burn #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptocu...

Deutsche Bank and Galaxy Digital Holdings Target E-Money License for Euro Stablecoin

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Deutsche Bank's asset management arm, DWS Group, is teaming up with Flow Traders Ltd., a Dutch market maker, and cryptocurrency fund manager Galaxy Digital Holdings Ltd. to create a new entity named AllUnity. This venture is aimed at launching a stablecoin pegged to the euro. AllUnity will be based in Frankfurt, with former BitMEX CEO Alexander Höptner at the helm, as revealed in their joint statement on Wednesday. The group is gearing up to seek an e-money license from BaFin, Germany's financial watchdog, with hopes to unveil their fully backed stablecoin in the next year and a half. This move follows the European Banking Authority's (EBA) recent guidelines for stablecoin issuers. By combining their strengths in both conventional and digital currency markets, these companies aim to offer a stablecoin suitable for a wide Read more about Deutsche Bank and Galaxy Digital Holdings Target E-Money License for Euro Stablecoin #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cry...