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VeChain ’s native token VET is facing resistance at $0.025 on Friday and it is beginning to retrace in price. VET had a good start since January 2023 climbing from $0.015 to $0.025 in February. Now that VeChain is gaining steam in the indices, investors are keen to see it reach the $1 mark in the next bull run. However, the cryptocurrency needs to break several hurdles to hit $1, and getting there could take longer than imagined. Also Read: VeChain Price Prediction for Mid-February 2023 Source: CoinMarketCap.com VET: Low-Risk & High-Potential Cryptocurrency VeChain is considered a low-risk and high-potential cryptocurrency as it’s equipped with a long set of use cases. The layer-1 allows developers to create and launch smart contracts and decentralized applications on top of its network. It also dwells into logistics and supply chain management helping other businesses widen their operational services. Therefore, VeChain ’s use cases are aplenty an...

Join Our Telegram channel to stay up to date on breaking news coverage Abu Dhabi’s tech ecosystem, known as Hub71, recently proved its dedication to the crypto sector and pursuit of a decentralized future. Hub71 announced that it had started a $2 billion initiative that intends t back blockchain and Web3 startup s in the region. The move has the goal of supporting existing startups, as well as attracting new companies to the region, which will further strengthen Abu Dhabi as one of the biggest crypto hubs in the world. Details of the new initiative The initiative is known as the Hub71+ Digital Assets ecosystem initiative, and apart from the funding, it will also offer startups access to a wide range of programs. Apart from that, emerging Web3 companies will have a unique opportunity to connect with multiple corporate, government, and investment partners. Hub71 has launched the Hub71+ Digital Assets specialist ecosystem in Abu Dhabi Global Market with AED7billion of f...

Bitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. inflation report. The consumer price index rose 0.5% in January, following a gain of 0.1% the month prior. Overall, the annual rate of inflation came in at 6.4%, which, although lower than December’s sum of 6.5%, was higher than the expected 6.2%. Ethereum also rallied on hump-day. Bitcoin Bitcoin (BTC) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States. Following a low of $21,632.39 on Tuesday, BTC/USD rallied to an intraday peak of $22,293.14 earlier today. Today’s move pushes the world’s largest cryptocurrency back towards a key resistance level of $22,500. BTC/USD – Daily Chart Looking at the chart, the 14-day relative strength index (RSI) also appears to be edging closer to a ceiling of its own at 60.00 As of writing, price strength is currently at a reading of 51.96, which is its strongest p...

Join Our Telegram channel to stay up to date on breaking news coverage What – the UK financial watchdog, Financial Conduct Authority (FCA), cracks down on unregistered crypto automated teller machines (ATMs) Why – This comes as the financial regulator and the cyber team at West Yorkshire Police suspected the provision of illegally operated crypto ATMs. What next – The FCA has noted that the crypto asset exchange providers in the United Kingdom must be registered and comply with the UK Money Laundering Regulations. The United Kingdom’s financial watchdog, FCA, has dived to inspect un registered crypto ATMs. This is after the financial regulator teamed up with the West Yorkshire Police to probe various sites across the city of Leeds, in the North of England, which are suspected of providing illegally operated crypto ATMs. Further, the financial regulators revealed that no crypto ATM operators in the UK had recently obtained the FCA registration. Notab...

India is having “detailed discussions” with other G20 members about forming a collective standard operating procedure (SOP) to regulate crypto assets, Indian Finance Minister Nirmala Sitharaman has revealed. She also called for “a globally coordinated approach on the regulation of crypto assets” during her recent meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. G20’s Crypto Regulatory Discussion Underway Indian Finance Minister Nirmala Sitharaman answered some questions regarding crypto mining and regulation on Monday in Lok Sabha, the lower house of India’s parliament. Noting that cryptocurrencies are largely unregulated in India at the moment, Sitharaman explained: “Whether it’s mining or whether it’s the asset or whether it’s the transaction, we recognize that it is very, completely almost, driven by technology, and a standalone country’s effort in controlling or regulating it i...

Source: Mieszko9/Adobe South Korean and United States intelligence agencies have warned that Pyongyang-based hackers are trying to hit “major international institutions” with ransomware attacks. But experts say that “overlapping sanctions” could help Seoul and Washington thwart North Korean cyber thieves. Per the South Korean media outlets SBS and New Daily, the Seoul-based National Intelligence Service (NIS) warned that North Korea was “trying to steal virtual assets” by “distributing ransomware to major institutions located all around the world.” The NIS made its announcement in conjunction with the US National Security Agency (NSA) and the Federal Bureau of Investigation (FBI). The move marks the first time that US and South Korean intelligence agencies have issued a joint security advisory. The NIS claims that North Korea-linked hacking organizations are now taking aim at the computer networks of “major instit...

The Kingdom of Saudi Arabia-based airport ground handling services firm, Saudi Ground Services, has said it plans to implement a blockchain-based document solution that allows it “to issue over 10,000 digital documents annually including licenses.” According to the firm’s Ayman Alghamdi, using this solution allows SGS to not only easily verify documents and licenses but to improve customers’ experience as well. Overcoming the Document Verification Challenge The Saudi airports ground handling services firm, Saudi Ground Services (SGS), recently said it plans to implement a blockchain document solution at 28 airports across Saudi Arabia. In a statement jointly issued with IR4LAB, a Saudi-based innovation-driven company, SGS said the solution known as Doc Certs blockchain management solution will allow it “to issue over 10,000 digital documents annually including licenses.” Commenting on the ground handling services firm’s plans to use a solution that enabl...

Panic over regulatory enforcement sees Bitcoin and altcoins give up recent gains, costing long traders over a quarter of a billion dollars in a single day. Bitcoin (BTC) fell to bearish target zones on Feb. 10 as bulls failed to hold important support above $22,000. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Crypto wipeout mounts as BTC price loses $22,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $21,633 on Bitstamp. The pair reacted badly to regulatory fears from the United States, but had already faced days of bearish sentiment, with traders expecting a retest of $21,000 or even lower. At the time of writing, Bitcoin traded at around $21,800, down around 7% in February so far. “Bear market back or are we just having a slight correction?” Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, queried on the day. BTC/USD annotated chart. Source: Crypto Tony/ Twitter Some were busy with short positio...

Bitcoin may go "hard lower" if it fails to preserve the area around $22,500, market participants say. Bitcoin (BTC) stayed lower at the Feb. 9 Wall Street open as a sweep of local lows increased bets of a more serious comedown. BTC/USD 4-hour candle chart (Bitstamp). Source: TradingView Trader: "Something feels off" about BTC strength Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded around $22,700 on Bitstamp. The pair had dipped to $22,378 earlier in the day, this marking its lowest levels since Jan. 25 and a reinforcement of $22,400 as an important zone to watch. “We tapped the swing low at $22,500 followed by a bounce. I would look for the bears to escalate the drop once we lose that low,” popular trader Crypto Tony summarized in part of Twitter coverage. BTC/USD annotated chart. Source: Crypto Tony/ Twitter Fellow trader Crypto Chase likewise forecast that Bitcoin was “More likely to go lower if 22.3k is tagged.” In an update to...

Join Our Telegram channel to stay up to date on breaking news coverage HUT 8 and US Bitcoin have decided to merge. This multi-million BTC mining business deal is predicted to change the course of the digital asset mining scene. The two firms will merge to create a new crypto-mining business called Hut 8 Corp (“New Hut” or “Combined Company”), domiciled in the US. They have announced consolidating resources and restructuring their balance sheet to compete in the mining space. Hut 8 Corp will have a market capitalization of about £990 million. According to an official statement, the new company will have access to 825MW of ‘gross-energy’ across 6 sites for mining, hosting, and managing infrastructure operations. Existing Hut 8 and US Bitcoin holders will own 50% each of Hut 8 Corp Bill Tai will maintain his position as the chairman of the board. Jamie Leverton will continue to be the CEO. Michael Ho to become Chief Strategy Officer of Hu...

Binance’s BSC News recently tweeted asking its followers if they knew which memecoins outperformed Bitcoin (BTC) and Ethereum (ETH) in January 2023. BSC News then stated that most of them, including Shiba Inu (SHIB) and Dogecoin (DOGE), performed better than BTC and ETH. The tweet received a reply from Alex McCurry, the founder of Solidity.io. McCurry said that all of them (the memecoins) are “all garbage.” all garbage — Alex McCurry (@alexmccurryo) February 8, 2023 Memecoins, like Shiba Inu (SHIB) and Dogecoin (DOGE), often face criticism from hardcore cryptocurrency enthusiasts. Most of the backlash is directed at memecoins not having any real-world use. They draw criticism for being utilized to make quick money through speculation. Furthermore, McCurry is not the first to attack memecoins . Steven Cooper, Bigger Entertainment chief, recently slammed Shiba Inu and basically called the project a scam. Cooper expressed his satisfaction that ...

Join Our Telegram channel to stay up to date on breaking news coverage A hacker stole over $180,000 worth of cryptocurrency from the decentralized exchange, CoW Swap, in the latest DeFi exploit. The attacker targeted a smart contract in CoW Swap’s “solver competition” and drained a settlement contract holding seven days’ worth of protocol fees. The theft was confirmed by CoW Swap, but the team assured that neither the protocol nor its users suffered any loss. How exactly did the CoW Swap hack happen? CoW Swap stated that no cryptocurrencies were stolen from the protocol or its users and that the solver’s bond would cover the damages, meaning the protocol didn’t suffer any direct loss from the exploit. “Last night, a hacker exploited an external solver and used it to drain the settlement contract, which held 7 days worth of protocol fees. Users are not affected since we never hold user funds (!) Neither Cow Swap is affected: The solver...

ChatGPT ’s trial and testing by the community has been going on in full swing. At press time on Tuesday, the chatbot was running at its full capacity and wasn’t in a position to accommodate new users. Source: chat.openai.com Also Read: How to Jailbreak ChatGPT? Well, it did not take much time for ChatGPT to garner mass traction. Right from answering any query to penning down descriptive essays and cracking various competitive and prestigious exams, OpenAI ’s chatbot has hardly left any box unchecked. Of late, there have been a host of queries on social media platforms like Twitter about how to use Open AI’s chatbot to make money. So, to roll the ball a bit further, we’ll analyze a few options in this article. Also Read: ChatGPT Clears US Medical Licensing Exam How to use ChatGPT to make money? Translation : ChatGPT translates text in no time. So, you can make use of this ability of the bot to translate text into different lang...

Here are the most common tactics scammers employ when targeting crypto users and their wallets. Crypto security is one of the hottest topics for investors and companies actively working on creating better security solutions for the Web3 industry. Web3 Antivirus was created in an effort to make wallet security more accessible to all users in the space. The company offers a browser extension that helps users monitor wallet interactions and spot potential scams and malicious activity before investors fall victim to them. Below are the most common crypto scams and malicious tactics, and how to protect against them below as found through the experience of developing Web3 Antivirus. Malicious transactions Hacker tactics: While on a malicious site, the user can sign a transaction that grants access to all of their assets instead of making an NFT purchase transaction. The scammer would then be able to empty the user’s wallet, stealing assets for which access permission has been granted. User...