Altcoin News by Thebittimes.Com

Since the beginning of 2023, Bitcoin (BTC) has shared a weakened correlation with technology stocks. For the last month of May, Bitcoin gave the first negative monthly closing for the year 2023. On the other hand, with hype in artificial intelligence, the Nasdaq 100 added more than 8% last month. advertisement While Bitcoin investors enjoyed the weakened correlation with tech stocks earlier since BTC was rallying, now, the odds have turned against them. The 30-day coefficient for Bitcoin and Nasdaq 100 is around 0.2 versus 0.8 in May 2022. The reading of 1 means that both are moving in lockstep. Similarly, the reading of -1 means that they are moving in the opposite direction. Courtesy: Bloomberg Bitcoin and the AI Buzz The rally in Nasdaq 100 was aided majorly bu the AI buzz with players like the Nvidia Corporation (NASDAQ: NVDA) rallying by a massive 30% last month. On the other hand, the BTC price failed to give a decisive breakout above $30,00

The team dropped out of contact that day and some family members were notified. The news agency visited the project’s office in Shanghai and found a notice that said “judicial seizure.” advertisement It is not clear on what charges the police arrested Trust’s team. Trust Reserve issued CNY-backed and HKD-backed stablecoins The stablecoin issuer had raised $10 million in a Series A+ funding round led by KuCoin Ventures, with participation from Circle and IDG Capital. The company had announced back then it had around 60 employees with plans to hire more. This comes alongside rumors that the Multichain core team may have been detained in China. The protocol still has partial downtime and there have been no updates from the core team in China for over a week. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List M

Cryptocurrencies like Bitcoin have taken the world by storm, and many people are interested in mining them for profit. The traditional way of mining requires specialized hardware and a lot of power consumption, but what if you could mine Bitcoin on your phone? Can you mine Bitcoin on your phone? In this comprehensive guide, we will explore the benefits and drawbacks of mining on a mobile device, the best crypto mining apps, and how to maximize your computing power for mobile crypto mining. Source: yoreoyster.com Introduction to Mining Bitcoin on Your Phone Before diving into the specifics of mobile mining, let’s first understand what mining is. Mining is the process of verifying transactions on a blockchain network and adding them to the public ledger. In return for verifying transactions, miners are rewarded with a certain amount of crypto currency. In the case of Bitcoin, the reward is currently 6.25 BTC. Traditionally, mining Bitcoin requires specialized hardware li

PulseChain (PLS) was launched in mid-May 2023 and began trading on the back foot in the indices. Its price experienced a dip from the start and is now down for seven consecutive days. PLS is bleeding profusely in May and remains to be bearish with no signs of a rally. Also Read: Shiba Inu: June 2023 Price Prediction for SHIB Source: Coingecko Now that PulseChain ended May in the red zone, will its fortune change in June pushing its price to the greener pastures? Here’s a PulseChain price prediction for June 2023. Let’s find out how high or low PLS could move in the charts for the first 10 days of June. PulseChain (PLS) Price Prediction For June 2023 Source: Wallpaperflare.com PulseChain is currently trading at $0.00015777 and is down 4.1% in the 24-hours day trade. It’s also down nearly 47% from its all-time high of $0.00029951, which it reached in May 2023. In the last seven days, PLS has shed 37% in the indices and is attracting bearish sentiments since its launch. Lead

Joint L1 Task Force project manager  LuncBurnArmy has asked Dapp owners or Dapps having any sealed smart contract to reach out to developer Fragwuerdig for any assistance regarding the CosmWasm parity upgrade. advertisement #LuncArmy: If you are a dApp owner and have any 'sealed' smart contracts within your application, please reach out to @frag_dude to talk about the v2.1.0 upgrade. Also, please read the following article where we explain the upgrade / migration process!https://t.co/7B9zx4ICot — 🔥LuncBurnArmy🔥 (@ LUNC burnarmy) May 29, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read

PeckShield reported the hack was enabled by the protocol’s lack of control over slippage for the tokens under its control. advertisement Hacker used $5.9 million flash loan to exploit Arbitrum-based protocol This hack is due to the lack of slippage control of liquidity-shifting operations — such that the protocol-owned liquidity is invested into a skewed/imbalanced price range, which is exploited in reverse swap for profit, PeckShield reported. The liquidity protocol hacker made use of a $5.9 million flash loan to carry out the attack. “We are aware of the exploit regarding our protocol and are actively in contact with law enforcement and security professionals. We will release further information when possible,” Jimbos Protocol tweeted. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read