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Venezuelan President Nicolas Maduro Announces 10-Day Block of X; Signal Also Affected
9.8.2024
Venezuelan President Nicolas Maduro announced that he signed a document authorizing Conatel, the telecom regulator, to block access to the X social network for 10 days. This requires its owner, Elon Musk, to present several documents before allowing it to operate again in the country....
Mutiny to Cease Operations Amid Technical Challenges in Bitcoin Lightning Wallet Development
8.8.2024
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down the wallet as it becomes increasingly complex...
Bitgo Secures Major Payment Institution License in Singapore
8.8.2024
Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services...
Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September
8.8.2024
Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated...
Bitstamp and Stripe Collaborate for EU Crypto Onramp
8.8.2024
Crypto exchange Bitstamp is collaborating with Stripe, a financial infrastructure platform, to support Stripe’s fiat-to-crypto onramp across the EU. This collaboration enables EU consumers to easily purchase cryptocurrencies through a customizable widget that developers can embed in apps...
Ethiopia Announces Launch of Forex Auction Sale Days After Birr Float
8.8.2024
The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug. 7. The Ethiopian central bank envisions similar auctions in the coming weeks, depending on market conditions. The NBE said banks keen on participating must submit their bids on the date of the sale....
Donald Trump Jr. Teases ‘Huge’ Crypto News—Says Defi ‘Is the Future’
7.8.2024
Donald Trump Jr., the eldest child of the former 45th president, took to social media on Wednesday to declare that decentralized finance (defi) represents the future of the financial world. “We’re about to shake up the crypto world with something HUGE,” Trump Jr. announced on X, emphasizing...
Group Urges Nigeria to End Naira Float, Reinstate Subsidies
7.8.2024
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine...
Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments
7.8.2024
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings...
Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building Research
7.8.2024
Ethereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block...
SEC Challenges Coinbase’s Extensive Discovery Requests
7.8.2024
The U.S. Securities and Exchange Commission (SEC) has opposed Coinbase’s motion to compel discovery in a case where the SEC alleges Coinbase violated federal securities laws by failing to register its operations and services. Coinbase’s extensive discovery demands include internal...
Surge in Bitcoin Scams Hits Lubbock, Police Warn
7.8.2024
Lubbock police in Texas have reported a notable increase in bitcoin-related scams, with victims losing significant amounts of money. Over the last few months, 20 to 30 individuals have come forward to report scams involving gift cards and bitcoin transactions. Scammers typically target the elderly...
JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff
7.8.2024
Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head...
Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
6.8.2024
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell...
Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest
6.8.2024
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has made a significant move in the cryptocurrency market by investing $464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores...
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
6.8.2024
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite...
East African Scientists Use AI for Accurate Extreme Weather Forecasts
6.8.2024
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme weather events due to climate change. By combining...
Goldman Sachs Raises US Recession Risk to 25%
5.8.2024
Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in unemployment to its highest in nearly three years and a significant slowdown...
Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024
5.8.2024
Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than...
Justin Sun Denies Liquidation Rumors, Announces $1 Billion Fund to Combat FUD
5.8.2024
In his latest social media posts, Tron Founder Justin Sun addressed rumors about the liquidation of their positions, firmly denying any truth to these claims. Sun emphasized that they rarely engage in leveraged trading strategies, as they do not see significant benefits for the industry. Instead...