<a href="https://bitcoinworld.co.in/crypto-exchange-gdac-halts-deposits-and-withdawals-following-13-million-hack/" rel="nofollow" title="Crypto Exchange GDAC Halts Deposits and Withdawals Following $13 Million Hack"><img alt="" class="webfeedsFeaturedVisual wp-post-image" height="431" src="https://bitcoinworld.co.in/wp-content/uploads/gdac-ex.png" style="display: block; margin: auto; margin-bottom: 5px;" width="800" /></a><p>Hackers stole about $13 million in digital assets from South Korean cryptocurrency site GDAC. This is the latest in a series of setbacks for the sector. On April 9, the exchange&#8217;s management informed its users that hackers had hacked the Gdac Hot Wallet and transferred a considerable sum of cryptocurrency to an unidentified wallet.  They [&#8230;]</p>
<p>The post <a href="https://bitcoinworld.co.in/crypto-exchange-gdac-halts-deposits-and-withdawals-following-13-million-hack/" rel="nofollow">Crypto Exchange GDAC Halts Deposits and Withdawals Following $13 Million Hack</a> appeared first on <a href="https://bitcoinworld.co.in" rel="nofollow">BitcoinWorld</a>.</p>

Crypto Exchange GDAC Halts Deposits and Withdawals Following $13 Million Hack

The exchange confirmed no plans to resume trading for those pairs and is pausing its OTC trading portal for potentially months.

Binance US Delists 101 Trading Pairs Following SEC Freezing Order

Over the last 24 hours, Bitcoin (BTC), the largest cryptocurrency in the market by capitalization, has again failed to consolidate above the $27,000 level. This key resistance was lost at the beginning of the downtrend on May 8th and has not been breached. Additionally, the upper resistance level placed at $27,500 has also proven to be a challenge for BTC, as it has been unable to surpass it. According to the crypto analysis firm Material Indicators, the crypto market continues to be stimulated by the fear, uncertainty, and doubt (FUD) surrounding the industry. With thin bid liquidity, Bitcoin has been retesting the 200-Week Moving Average (MA).  Related Reading: LDO Leads Top Coins, Registers 6% Gains In One Day Bitcoin Faces Critical Test, Will The 200-Week MA Hold? According to Material Indicators, If the 200-Week MA does not hold, another retest of the 50-Month MA might be. Material Indicators suggest that if this happens, the liquidity and sentiment at the 50-Month MA will be stronger, potentially leading to a bullish market reversal. However, it is important to note that a “rug pull” at $25,000 – a sudden and significant drop in BTC’s price – could lead to a bearish market and further retest of the lower levels of $24,000 and $23,000. For the bulls, it is crucial to maintain control of the $27,000 level and push BTC’s price above the next significant resistance at $27,500. Doing so would allow the cryptocurrency to make another attempt at reaching the key psychological level of $30,000, which it has not achieved since April 19th. On the same note, according to Baro Virtual, a Crypto Quant author, the leverage ratio is overheating, potentially leading to a dip in BTC’s price to $24,000. The leverage ratio refers to the borrowed funds traders use to invest in BTC. When the leverage ratio increases, traders take on more debt to invest in the cryptocurrency. This can lead to a higher level of risk in the market, as a sudden drop in BTC’s price could trigger a significant amount of selling, resulting in a dip in price. BTC’s Bullish Engulfing Pattern Signals Buying Opportunities According to CJ, a cryptocurrency trader, there are several points that he is leaning into which could potentially provide opportunities for buying BTC. CJ notes that BTC has experienced a range of low deviation and reclaim and a daily bullish engulfing pattern. These indicators suggest that any dips into the FVG (fair value gap) are buying opportunities, with a target of $29,000-$30,000 liquidity. However, a close below $26,100 would be bearish for the cryptocurrency.  Bitcoin’s recent price movements have left traders and investors unsure of what to expect in the near term. While the cryptocurrency initially showed a bullish reaction to the fair value gap, with a bullish 4-hour candle, it is now retracing. It remains to be seen whether BTC can bounce back once again from its 200-week Moving Average or if a sudden and significant drop in price will push BTC into a new price regime and visit the lower levels.  Despite the uncertainty in the market, BTC is currently trading above key levels, and it needs to close above $26,000 to expect a further continuation of the uptrend. BTC’s gains in the past 24 hours have narrowed to only 0.8% after a recovery of 8% in the last few days. Related Reading: Bitcoin Realized Loss Remains Low Despite Volatility, What Does This Mean? Featured image from iStock, chart from TradingView.com

Bitcoin Bears Brace For The 50-Month MA Retest, Is A Rug Pull Imminent?

Changpeng Zhao, the CEO of Binance, has refuted rumors suggesting his demise. In a recent statement, Zhao shared a screenshot denying the report. He reassured the exchange’s clients and the wider cryptocurrency community that he has not encountered incidents involving being shot 27 times or engaging with representatives from an American inspection agency. Changpeng Zhao Is […]

Binance CEO Dismisses Rumors Alleging He Has Been Shot 27 Times


                    
                    Intuit is launching an operating system for generative artificial intelligence that will feature AI models trained on the company’s financial data. 
                    Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, MailChimp, and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative AI technologies. According to Intuit, the new operating system will come with a suite of tools, including a developer studio, UX library, runtime layer, and several pre-trained large language models (LLMs). We’re expanding our platform architecture to include a proprietary Generative AI operating system (GenOS) with custom-trained financial LLMs that specialize in solving financial challenges. GenOS will unleash the power of GenAI and ignite innovation at scale for customers.— Intuit (@Intuit) June 6, 2023

Several high-profile businesses have recently begun adapting third-party LLM solutions such as OpenAI’s ChatGPT for their specific needs. However, Intuit’s taken a different approach by creating proprietary tools and its own development and deployment platform. Intuit isn’t necessarily known for its artificial intelligence products, but its place as an industry leader leaves it well-positioned to leverage internal data to train models similar to ChatGPT. The primary benefit in doing so is that the company can cherry-pick what data gets included, thus allowing it to fine-tune their models for fintech. Where ChatGPT and similar LLMs, such as Google’s Bard, have typically been positioned as general chatbots — meaning they’re designed to discuss virtually any subject — a model trained specifically on financial data would be considered a “narrow” or targeted system.And Intuit reportedly has a lot of data to work with. Per an announcement published on June 6:“The company has 400,000 customer and financial attributes per small business, as well as 55,000 tax and financial attributes per consumer, and connects with over 24,000 financial institutions. With more than 730 million AI-driven customer interactions per year, Intuit is generating 58 billion machine learning predictions per day.”It remains to be seen exactly how Intuit intends to implement GenOS, as the company hasn’t so far disclosed any specific information about the LLMs it’s currently developing through the new platform. However, some of the primary use cases for similal models have been in consumer education and customer service.Related: AI-related crypto returns rose up to 41% after ChatGPT launchedThe launch of GenOS comes at a tumultuous time for U.S. taxpayers, but could represent some relief for users of its flagship TurboTax product. The Internal Revenue Service (IRS) is currently under fire from U.S. conservative Republicans who’ve proposed as much as $21 billion in budget cuts to the service over the next two years. Such cuts stand to diminish IRS efforts toward modernizing citizen tax services, potentially negatively impacting an already complex tax filing system. This represents a problem that, combined with recent uncertainty surrounding the legal nature of digital assets in the wake of SEC action against cryptocurrency exchanges Binance and Coinbase, could pose significant challenges for the 43 million U.S. taxpayers who hold crypto assets.



Intuit introduces proprietary large language models for fintech with GenOS

Words With Friends and Wildcard creator Paul Bettner tells Decrypt's Kate Irwin about his perspective on what to do when NFTs become in-game characters and assets.

Why 'Words With Friends' Creator Paul Bettner is 'Allergic' to Pay-to-Win NFTs

Sportswear brand Puma has partnered with NBA star LeMelo Ball to drop a limited edition pair of sneakers featuring Gutter Cat Gang branding.

Puma Plots NFT Sneaker Drop With NBA's LaMelo Ball, Gutter Cat Gang

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Banks have lost trust through government actions

The U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments.

SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets

Gary Gensler and the SEC want to freeze Binance US assets, Robinhood to delist cryptocurrencies, DEX volume spikes 444% and Cardano responds to the SEC calling them a security! 

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6:46 Chainlink partners with SWIFT payments
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DELISTING ADA, MATIC, SOL? 444% Surge? Crypto Assets FROZEN

Despite numerous setbacks and challenges, the crypto market is defying all odds and standing strong! Witness the collapse of Terra, the liquidation of 3 Arrows Capital, the bankruptcy of Celsius and Voyager, the shocking allegations against FTX, and the legal battles between SEC and Binance as well as Coinbase.

But here's the mind-blowing part: Bitcoin continues to trade at an impressive $26,000, while the total market cap of all cryptocurrencies surpasses $1 trillion.

It's baffling how some people still hold a bearish outlook in the face of this incredible resilience. Don't miss out on the latest crypto updates and join the conversation! Click here to explore the fascinating world of cryptocurrency and discover why it's not going anywhere anytime soon."

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🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC
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*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.

*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

#crypto #cryptocurrency #cryptonews #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin

CRYPTO Holders: WAKE UP! Do You See What Is Happening?!

#cryptocurrencynews  #Alts #Dash #ADA #ETH #SOL #XRP #BNB #SEC #Survive 
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DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.

00:00 Introduction
01:00 The Story 
02:00 End Game?
03:00 Names Getting Smashed Today
04:00 Rough Week
05:00 SEC Hit List
06:00 “Raison d'être”
07:00 SEC List
08:00 9 SCP’s
09:00 $118 BN in Market Cap
10:00 Whale Concentration
11:00 Annual Token Inflation
12:00 Nakamoto Coefficient and relationship with Token being a Security
13:00 Nakamoto Coefficient SEC Targets
14:00 IA Crypto Compendium Score 
15:00 SEC Target 30 Day Price Change 
16:00 XRP Case 
17:00 You’re Protected
18:00 XRP Lawsuit: SEC has a 3% chance of winning against Ripple
19:00 Winner: Whales Are Gobbling Up ETH
20:00 Coinbase Impact? Solana Spot Volume
21:00 Only 11% of ADA Addresses in Profit
22:00 ADA Large Investors Fell from 158 to 142 
23:00 Unlocking the Blue Ocean
24:00 Solana and Firedancer - Beyond Web2 Speed
25:00 Risk Allocation
26:00 Conclusion
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🩸Surviving the Crypto Bloodbath: Tips to Navigate the Storm🌪

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Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing. My videos may contain affiliate links or sponsorship to products I believe will add value to your life and help you. In some cases, I may receive payment or other consideration from the companies mentioned in the videos. No matter what I or anyone else says, it’s important to do your own research before making a financial decision. SEE FULL DISCLAIMER HERE: https://go.1markmoss.com/disclaimer