April 27, 2023

Bitcoin Makes Massive Play, Liquidates $145M: Here’s What You Need To Know

• Bitcoin’s rally towards $30,000 led to more than $70 million in liquidations for short traders in the last 24 hours.
• Meta says 40% of Instagram content is AI-recommended; Snapchat integrates AI chatbot that users need to pay to turn off and Circle introduces cross-chain USDC protocol.
• CertiK offers Merlin DEX rogue developers 20% white hat bounty and Bitcoin makes play for $30k, leading to $145M in liquidations.

Bitcoin’s Price Rally & Liquidations

In the past 24 hours, Bitcoin (BTC) rose by 8.44%, trading at around $29,614 at the time of writing according to CryptoSlate’s data. This price rally has caused over 37,332 traders to be liquidated with the most significant being a BTC-USD short position on ByBit worth $2.2 million. Other assets such as Ethereum (ETH), Arbitrum (ARB), Polygon (MATIC) and Litecoin (LTC) have also seen roughly $145 million in total liquidation during this period due mostly from traders who held short positions against these cryptocurrencies. Most of the liquidations took place on Huobi, Binance and ByBit which accounted for 73% of the overall liquidation with 83% being short positions. The new Bitcoin rally is attributed to fears of another U.S banking crisis.

Meta Says 40% Of Instagram Content Is AI Recommended

Meta has recently announced that 40% of content on Instagram is now generated using Artificial Intelligence (AI). Despite this announcement, Meta remains focused on its mission to build a decentralized online world known as Metaverse where virtual identities can interact with each other seamlessly within immersive digital environments like games or virtual worlds without relying on centralized servers or services owned by private companies or governments.

Snapchat Integrates AI Chatbot That Users Need To Pay To Turn Off

Snapchat has recently integrated an AI chatbot called Mira that users must pay a fee if they want it turned off permanently when conversing with others through their messaging feature while using Snapchat app. The fee ranges from US$0.99 – US$3 depending on how long you wish to have it turned off for which could either be 1 week or 1 month respectively before it reactivates again unless you choose otherwise by paying another fee for it not too activate again after expiration date set by user initially when paying the specified fee stated above initially when turning off Mira chatbot feature temporarily .

Circle Introduces Cross Chain USDC Protocol

Circle has announced its launch of a cross chain version of its popular crypto stablecoin USD Coin (USDC). This introduction will enable customers who use different blockchain networks such as Ethereum and Algorand access the same USDC token without having them make multiple transactions between two different blockchains each time they want to make transfers between two wallets respectively that are both using different blockchain protocols altogether which would require them making multiple transactions between between them both before making any transfer successfully due their respective chains utilizing different protocols altogether but all will be made easier now thanks to Circle introducing their new cross chain version of USDC that would enable anyone regardless what type blockchain network used access same token across all them enabling much faster transaction times compared regular method before this was introduced .

CertiK Offers Merlin DEX Rogue Developers 20% White Hat Bounty

CertiK has recently partnered up with Merlin DEX offering rogue developers 20 percent white hat bounty if they can find any bugs relating security issues within exchange smart contracts codebase so company staff can fix them promptly thus preventing potential exploits malicious hackers may attempt exploit due previous bug related issues experienced many similar services past thus why CertiK partnering company acquire services ensure all vulnerabilities patched swiftly before reaching public stage live production environment ready users trade securely afterwards .

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