Weaknesses in some banks’ security could leave customers exposed to scammers, a new Which? investigation has found, as the consumer champion rates the best and worst firms for keeping customers safe.
ASX has today released an industry whitepaper to facilitate a discussion on the potential move from T+2 to T+1 settlement in Australia and is inviting industry stakeholders to make a submission.
At NextGen Nordics 2024 in Stockholm, experts engaged in a lively conversation on Buy Now Pay Later (BNPL) in a panel session.
The post Hedera(HBAR) Price Soars 70% on False BlackRock Association appeared first on Coinpedia Fintech News Hedera’s announcement on Tuesday about tokenizing BlackRock’s U.S. Treasury money market fund on its blockchain sparked a significant surge in trading activity for the platform’s native cryptocurrency, HBAR. However, it’s important to clarify that BlackRock was not directly involved in this tokenization project on Hedera. The news has opened the floodgates to TradFi giants realizing how big of a game-changer Hedera is. Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking a major milestone in asset management by bringing the world’s largest asset manager on-chain pic.twitter.com/1Kye8cjAJx— HBAR Foundation (@HBAR_foundation) April 23, 2024 HBAR’s Price Pumped with Fake News The surge in HBAR’s price and trading volumes following the announcement was fueled by investor speculation linking BlackRock to the tokenization initiative. HBAR saw a remarkable 107% surge in value, reaching $0.18 before experiencing a 25% dip. Trading volumes skyrocketed by an astonishing 6082% to $2.5 billion, propelling the price above $0.15 for the first time in two years. While the Relative Strength Index (RSI) indicates sudden gains, with targets possibly reaching $0.20 or $0.30, caution is advised as profit-taking could trigger corrections, particularly around the $0.1096 mark. A breach of the 21-day moving average at $0.1038 might signal a decline toward the $0.0815 support level. Archax’s Clarification, No Blackrock Connect Recently, the HBAR Foundation, Archax, and Ownera posted on X that they enabled BlackRock’s MMF tokenization on Hedera. Initially, it seemed like Blackrock chose Hedera for a project, causing excitement and potential gains for the token. However, it was clarified later by Archax CEO Graham Rodfort that the decision came from them, not Blackrock. However, it’s essential to note that BlackRock’s entry into the realm of real-world asset tokenization occurred last month with the launch of its USD Institutional Digital Liquidity Fund on Ethereum. Chris O’Connor of Cardano Ghost Fund DAO criticized the announcement’s framing, noting the unwarranted excitement it caused among crypto influencers. Despite the confusion and temporary price surge, HBAR’s value is still down by 69% from its ATH in September 2021. Hedera plans to expand its user base after executing 33 billion transactions in 2023. HBAR’s Market Snapshot Despite the surge in HBAR’s price and trading volumes, the market depth remains relatively slow, with a 2% market depth showing $900,000 in cumulative bids on Binance and Upbit order books within 2% of the current price. Moreover, funding rates across derivative exchanges are heavily negative, indicating a bearish bias and the potential for volatility. With open interest rising by 442% to $160 million in the past 24 hours, coupled with a lack of liquidity, the landscape is primed for a volatile trading period. This volatility could lead to either a return to parity or a short squeeze, adding to the uncertainty surrounding HBAR’s price movements in the near term.
The post Bitcoin Minetrix IEO in 6 Days – Last Chance to Buy at Presale appeared first on Coinpedia Fintech News Bitcoin Minetrix will launch on exchanges on 30 April, and investors have just four days left to buy the presale, following by a two day launch preparation window. $BTCMTX has enjoyed unprecedented presale success, driven by its novel approach to Bitcoin mining. Bitcoin Minetrix has raised over $13 million, providing a runway to launch its tokenized cloud mining service. As such, traders are rushing to buy before $BTCMTX is listed on exchanges. Bitcoin Minetrix will launch on exchanges, and the Bitcoin halving could skyrocket its price The Bitcoin halving occurred on the weekend, and the impending supply shocks will reshape the crypto market dynamics. The equilibrium has shifted, and demand is competing for a scarcer new supply. Historically, this has ignited parabolic market conditions, with Bitcoin’s price surging and altcoins following suit. Yet, the new Bitcoin Minetrix token stands to benefit on both ends of the spectrum. On the one hand, Bitcoin’s rising boat shall lift all tides. On the other hand, Bitcoin Minetrix provides users with passive BTC rewards, tying the demand for $BTCMTX with BTC’s success. Adding to the excitement, Bitcoin Minetrix’s resounding presale success and upcoming exchange launches will provide another bump in demand, with these factors translating to significant price appreciation potential. Burying the user experience issues of Bitcoin mining Bitcoin Minetrix brings a slew of extraordinary benefits to the Bitcoin mining industry. Previously, several barriers to entry stopped everyday users from mining Bitcoin. Things like unaffordable upfront costs, technical expertise, and the room to host noisy Bitcoin mining rigs prevented adoption. But with Bitcoin Minetrix, users don’t have to worry about these issues. To get started, they simply need an Ethereum-compatible wallet and $BTCMTX tokens. It works by users staking $BTCMTX in exchange for Bitcoin mining credits. They can then burn these credits for their share of the cloud mining pool rewards. This also solves the security concerns of cloud mining. Crypto users have reported that many cloud mining services are untrustworthy and exploitative of users. However, Bitcoin Minetrix’s tokenized approach ensures complete transparency and trustlessness, with the operation powered by decentralized Ethereum smart contracts. Third-party blockchain security firm Coinsult audited the project’s smart contracts and found no high, medium, or low-level risks. Analysts think Bitcoin Minetrix could surge 10X Throughout its presale, Bitcoin Minetrix has drawn the attention of leading industry analysts, with some speculating monumental gains are on the horizon. Jacob Bury speculates that the project could 10x after it launches on exchanges, referencing its accelerating presale momentum as a reason why. Analysts from Crypto News have displayed even more optimism, predicting it could 20x. The project has also been featured in leading media outlets like Bitcoin Magazine, CryptoPotato, and Cointelegraph. As well as reflecting the project’s market interest, this creates widespread exposure for the token, potentially attracting more users in the future. Indeed, these factors hint at tremendous potential for the new Bitcoin-related altcoin. However, with the presale ending in four days, investors face one final opportunity to buy before the masses learn about $BTCMTX. So don’t miss out. Follow Bitcoin Minetrix on X or Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens. Visit Bitcoin Minetrix Presale
The post Ripple vs. SEC: Ripple Lawyer Predicts Possible Penalties and XRP Lawsuit Outcome appeared first on Coinpedia Fintech News In a recent episode of Crypto Law, Jeremy Hogan delved into the ongoing XRP SEC lawsuit and speculated on its potential outcome. He began by emphasizing the role of luck in legal battles, highlighting Ripple’s fortunate draw of Judge Torres for its case. Hogan then discussed a pivotal legal precedent, the Govil case, which emerged in October last year, reshaping the current lawsuits filed by the SEC. Jeremy Hogan on Ripple's Reply Brief https://t.co/XKFsVuItep— CryptoLaw (@CryptoLawUS) April 23, 2024 $1.95 Billion or $10 Million Penalty? Here’s what Expert’s Think! He anticipates Ripple could be penalized $100 million and face an injunction against institutional sales, citing the SEC’s difficulty in proving harm to investors or purchasers. Hogan expects a final judgment this summer, potentially in July or August, with both sides likely appealing, leading to rulings in the DCA Appeals Court next year. The central focus of the discussion was on the SEC’s proposed judgment, which included injunctions and substantial monetary penalties against Ripple. Hogan dissected the SEC’s requests, particularly its demand for over $1 billion disgorgement, emphasizing the significant legal hurdle posed by the Govil case. He argued that the SEC’s case lacks evidence of actual losses to XRP buyers, making it challenging for them to justify such hefty penalties. Possible Outcome of XRP vs SEC Speculating on the likely outcome, Hogan predicted that Judge Torres might grant an injunction against future institutional sales of XRP by Ripple but could carve out exceptions for sales related to On-Demand Liquidity (ODL) transactions. He suggested that the SEC’s request for disgorgement might face substantial pushback, potentially resulting in no disgorgement being ordered. Instead, Hogan proposed that the judge might impose a civil penalty on Ripple, possibly around $100 million, to provide a middle ground. Moreover, he anticipates that the final judgment would likely be issued in the summer, followed by appeals from both parties, leading to further legal proceedings in the appellate court next year. He concluded on a note that both parties would file notices of appeal after the final judgment, leading to further legal proceedings in the DCA Appeals Court, with a ruling expected next year.
Zilch, the world’s first ad-subsidised payments network (ASPN), announces today that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of AI innovation across the Zilch proposition.
Volt, the global real-time payments platform, today announces the launch of its secure, PayTo based, one-click payment solution for its retail customers in Australia.