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Nigeria's foreign investment at risk due to Binance bribery allegations
12.5.2024
SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors
Openai CEO Sam Altman Believes Processing Power Might Be the New UBI
12.5.2024
Sam Altman, CEO of Openai, the company behind the artificial intelligence (AI) model Chatgpt, has reflected on how the new wave of universal basic income (UBI) initiatives might be organized. In an interview at the All-in podcast, Altman stated that he favored UBI initiatives given the magnitude...
RCO Finance (RCOF) sparks excitement among XRP and Solana Investors – Discover why
12.5.2024
RCO Finance (RCOF), an AI trading platform, is swiftly capturing the attention of investors within the XRP and Solana ecosystems. The platform uses blockchain technology to help you seamlessly trade crypto. It offers a compelling alternative despite the recent challenges these platforms face. This...
Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms
12.5.2024
Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading. Nigerian authorities are reportedly seeking to ban peer-to-peer crypto...
Dogecoin millionaire spends $500,000 on ETFS tokens after presale success
12.5.2024
ETFSwap (ETFS) has sparked great interest among crypto investors after a Dogecoin millionaire moved $500,000 into its highly successful presale. This emerging token seems more than simply another entrant into the cryptocurrency race, with the potential to create the next generation of crypto...
Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’
12.5.2024
In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could precipitate a “sharp correction” in markets...
Is the altcoin market set for an ‘explosive rally?’ Analysts eye these 3 indicators
12.5.2024
Although the altcoin market cap has declined nearly 20% over the past month, traders remain bullish, anticipating that an "explosive rally" phase is yet to come
Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal
12.5.2024
Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking. This change marks a significant pivot from their earlier filings, which had contemplated engaging trusted staking providers to manage part of...
Veteran Trader Peter Brandt Warns of SEC’s Full-Scale Assault on Crypto Staking — ‘It’s Going to Be a Bloodbath’
12.5.2024
Veteran trader Peter Brandt has predicted a severe regulatory crackdown on cryptocurrency staking by U.S. regulators, including the Securities and Exchange Commission (SEC). “It’s going to be a bloodbath,” he warned, cautioning that he believes it is “illegal...
Peter Schiff: Gold, Silver ‘Ready to Explode Higher’ — Sees ‘Biggest Precious Metals Bull Market in History’
11.5.2024
Gold advocate and economist Peter Schiff has predicted an explosive rise in gold and silver prices. While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,” Schiff calls bitcoin “dead money,” expecting outflows from...
Billionaire Mark Cuban Warns Gensler’s SEC Crypto Policies Could Cost Biden the Election
11.5.2024
Billionaire Mark Cuban has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s handling of crypto regulations, suggesting it could harm Biden’s election chances. “Gensler has not protected a single investor against fraud,” he stressed....
US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote
11.5.2024
The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S. crypto ecosystem, balancing robust consumer...
SEC Opposes Coinbase’s Appeal Request in Ongoing Legal Battle
11.5.2024
The U.S. Securities and Exchange Commission (SEC) has urged a federal court to deny Coinbase’s interlocutory appeal, following a recent court decision that allowed a lawsuit involving the SEC and the cryptocurrency platform to proceed. Last month, Coinbase sought appellate review after...
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin
11.5.2024
The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s heavy reliance on Circle’s centralized stablecoin...
Erik Voorhees, ShapeShift Founder, Unveils Privacy-Focused AI Platform ‘Venice’
11.5.2024
Erik Voorhees, the founder of popular cryptocurrency exchange ShapeShift, has unveiled his latest venture called "Venice AI."
The post Erik Voorhees, ShapeShift Founder, Unveils Privacy-Focused AI Platform ‘Venice’ appeared first on Cryptonews
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
11.5.2024
Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating transfer fees ranging from $1.50 to $3.65...
JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
11.5.2024
Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
11.5.2024
Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply. Stablecoin Valuation Holds...
NFT Sales See Week-Over-Week Decline as Market Continues to Cool
11.5.2024
Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip...
Interpol Nigeria boosts cybersecurity with virtual asset training
11.5.2024
The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins