Business

Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish

[ad_1] The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move.It is not only Bitcoin that is stuck inside a range. On April 7, Jurrien Timmer, director
BLOCKCHAIN

Community wants Arbitrum Foundation to return 700M ARB to DAO Treasury

[ad_1] As per the proposal, the Foundation should proceed with its budget plan only after returning the tokens. "This is a symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation," said a community member. Voting will end on April 14. At the time of writing, 55% of voters supported the proposal, 42% opposed it, and 2% abstained.Screenshot: AIP 1.05:
BLOCKCHAIN

SushiSwap approval bug leads to $3.3 million exploit

[ad_1] A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies Certik Alert and Peckshield posted about an unusual activity related to the approval function in Sushi's Router Processor 2 contract — a smart contract that aggregates trade liquidity from multiple sources and identifies
Business

Texas lawmakers propose a gold-backed state digital currency

[ad_1] Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC).Senator Bryan Hughes introduced Senate Bill 2334 on March 10, with Representative Mark Dorazio introducing House Bill 4903 on the same day, stating that a fractional equivalent amount of physical gold would back the proposed digital currency.“Each
Business

Sushi’s head chef addresses community concerns amid SEC subpoena

[ad_1] Japan-based decentralized autonomous organization (DAO) Sushi's head chef Jared Grey and his counsel stated that as far as they know, no one associated with Sushi has violated U.S. federal security laws, while providing reassurance that he is cooperating with the United States Securities and Exchange Commission (SEC) subpoena.In an April 8 statement, Grey answered the most commonly asked questions from the community in an FAQ format regarding the subpoena served