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2024-05-05 18:50:02 Bitcoin will ‘propel the next leg up’ if key trading pattern confirms — Traders

Bitcoin’s price could see a bullish trend reversal and “propel the next leg up” if the popular trading indicator known as the inverse head-and-shoulders pattern is confirmed, according to a crypto trader. “If we don’t break straight through $67.5k then something like this forming over the next month would make sense for a bottom pattern reversal,” crypto trader Matthew Hyland explained in a May 4 post on X.

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2024-05-05 07:00:21 Cryptocurrency investor loses $70 million in six hours: Address poisoning attack

A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created a new address, “0xd9..,” and transferred a small amount of Ethereum (ETH), approximately 0.05 ETH, to this newly generated destination.

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2024-05-04 18:10:19 Paypal Partnership Allows US-Based Moonpay Users to Buy Crypto With Their Paypal Accounts

The digital asset trading platform, Moonpay, announced on May 2 that it had formed a partnership with Paypal. This partnership will allow U.S. users to purchase cryptocurrency using their Paypal accounts. Users of Moonpay can benefit from the security offered by Paypal, a payment provider known for sharing comprehensive financial information about transactions.

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2024-05-03 20:40:29 BitMEX co-founder Arthur Hayes believes Bitcoin may rally back toward $70,000 amid 'stealth money printing'

Arthur Hayes, the co-founder and former CEO of BitMEX who now manages a family office named Maelstrom, said he expects bitcoin to rally back to $60,000, then range between $60,000 and $70,000 until August. In a blog post early Friday, Hayes said the slow addition of billions of dollars of liquidity each month would dampen negative price movements going forward, reversing the common sentiment on the seasonality of markets by suggesting “buy in May, go away.”

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2024-05-03 09:05:18 Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking

The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. The X account further announced that an additional cohort of over 40 apps will integrate into the BOB ecosystem within the next two to three weeks.

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2024-05-02 20:01:14 Bitcoin's average daily transaction fees fall back to Ethereum levels after Runes hype subsides

Average daily Bitcoin transaction fees have fallen back to the same level as Ethereum after the frenzy of activity surrounding the launch of the Runes protocol died down after the halving. The seven-day moving average of daily Bitcoin transaction fees surged to an all-time high of $25.8 million on April 24, more than five times the daily transaction fees Ethereum was generating at the time. However, it subsequently fell to $4.1 million on Wednesday — the same daily transaction fee average as Ethereum.

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2024-05-02 10:15:17 Coinbase Adds Support for Bitcoin Lightning Network

The largest American cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. According to a blog post, the Lightning Network integration on Coinbase will reduce the cost of sending bitcoin (BTC) globally by 20x compared to the 2% charged on United States credit card transactions and the $30 paid for wire transfers.

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2024-05-01 22:59:59 Crypto scams hit historic low in April, plummeting 68%

Crypto-related exploits and scams plummeted 68% in April compared to the previous month, reaching a historic low of $25.7 million, according to blockchain security firm CertiK. A breakdown of the incidents showed that the bulk of the losses, totaling $21 million, stemmed from exploits targeting blockchain protocols. Additionally, users suffered losses of $4.3 million due to exit scams and rug pulls orchestrated by malicious founders, with flash loans contributing a nominal $129,000 to the overall figure.

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2024-05-01 08:09:59 Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges

Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate.

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2024-04-30 20:39:58 Ripple teams up with HashKey DX on blockchain-based supply chain finance in Japan

Crypto firm Ripple is expanding its XRP Ledger (XRPL) enterprise solutions to Japan through a strategic collaboration with HashKey DX, the Tokyo-based specialized consulting company of the HashKey Group, according to an April 30 statement. In this partnership, HashKey DX will work alongside Ripple and SBI Ripple Asia—a collaboration between SBI Holdings and Ripple—to develop and implement supply chain finance solutions tailored for the Japanese market.

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