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E-naira Not A Threat - Nigeria’s Central Bank Replies to Critics, Highlights Use Cases
11.10.2023
The e-naira continues to generate controversy on its adoption rate, use cases, and more recently, claims by some observers on the threat it poses to the economy.
The Central Bank of Nigeria (CBN) has publicly backed its digital currency the e-naira which it released to rival the growing popularity...
Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF
11.10.2023
Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which...
iFinex proposes $150M share buyback from Bitfinex hack affected users: Report
11.10.2023
Bitfinex hack victim from 2016 received iFinex shares as a form of compensation as the crypto exchange didn’t have enough cash at hand to make users whole
Is It Too Late to Buy Tezos? XTZ Price Rallies 9% as New Telegram Crypto Casino Raises $725,000
11.10.2023
Tezos (XTZ) has seen impressive volatility over the past 48-hours, appearing in both the top gainers and top losers this week, but as price action saddles the 20DMA - is it too late to buy Tezos?
A dramatic +15.8% move yesterday was swiftly followed by an equally dramatic -10.72% drop last night....
Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project
11.10.2023
The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...
Bitcoin Is Fundamentally Different From Other Cryptocurrencies: Fidelity Digital Assets
11.10.2023
The crypto’s technological breakthrough was not as a superior payment method but as a superior form of money, the report said
European regulator: DeFi comes with significant risks as well as benefits
11.10.2023
The European Securities and Markets Authority released an article on Decentralized Finance and its risks for the EU Market
US Supermarket Trader Joe’s Takes Legal Action Against Crypto Project Over Name Resemblance
11.10.2023
Popular US supermarket chain Trader Joe’s has sued decentralized exchange (DEX) Trader Joe for federal trademark infringement.
According to the filing, the DEX’s branding is designed to allow it to profit from the supermarket’s reputation by “causing confusion as to the source, sponsorship...
Bitmain Halts Employee Salaries Amid Financial Woes, Report
11.10.2023
Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations. Antminer Maker...
As DEE Token Catapults Up 800%, This Silent Crypto Has Snagged $1 Million – Primed for Take-off?
11.10.2023
In the latest On-Chain moon-shot a Street Fighter 6 themed token called Dee Jay (DEE) has exploded an eye-watering +800% overnight.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including BDOGE, APX, FTX, Blinky, DRS and SNOR.
The...
"I Didn't Feel Good About It" – Caroline Ellison Continues Compelling Testimony in SBF Trial
11.10.2023
Former Alameda Research CEO Caroline Ellison continued her powerful testimony against FTX founder Sam Bankman-Fried in Manhattan Federal Court Tuesday.
During her time on the witness stand, Ellison painted Bankman-Fried as a “very ambitious” risktaker willing to endanger customer funds for...
Binance CEO Changpeng Zhao Shares Thoughts on Bitcoin Halving
11.10.2023
Changpeng “CZ” Zhao, founder and CEO of Binance, has shared his thoughts on the upcoming Bitcoin halving. Using Binance Feed, the X-like social feed of the exchange, Zhao explained that Bitcoin prices won’t double immediately after the halving and that new all-time high (ATH)...
Bitcoin Miner Hut 8 Halts BTC Sales, Remain Bullish on Price Ahead of Halving
11.10.2023
Bitcoin (BTC) miner Hut 8 produced 111 BTC in September without any sales to fund its operations as it prepares for the next halving.
The firm released its mining and production update for September with its capacity, growth, added investment, and partnerships.
Per the release, the miner holds...
Indian Government Collects Over $12 Million From Crypto Taxes
11.10.2023
India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.
The Indian government had implemented one percent direct tax on all crypto transactions from July...
Nigerian Central Bank Refutes Media Reports Suggesting Its CBDC Poses a Threat to Financial Stability
11.10.2023
The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure that misunderstandings are not fostered.” Book...
Securities regulators oppose special treatment of crypto in Coinbase case
11.10.2023
A body representing North America’s state securities regulators took aim at arguments made by crypto exchange Coinbase in its defense against the SEC
Crypto Aid Israel Fundraiser to Help Victims of Hamas Assault
11.10.2023
Members of Israel’s Web3 community have launched Crypto Aid Israel, a fundraiser in support of those affected by the conflict with Hamas. The goal is to attract cryptocurrency donations to relieve the humanitarian situation of thousands of Israelis displaced by the surprise attack...
Hamas Received $41 Million in Crypto in Lead Up to Attack on Israel
11.10.2023
Investigations based on Israeli government seizure orders and blockchain analytics have indicated that Hamas, along with other militant groups such as Palestinian Islamic Jihad (PIJ) and Hezbollah, received millions of dollars in crypto funding in the lead-up to the attack on Israel....
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British MPs urge action on NFT copyright infringement, crypto fan tokens
11.10.2023
A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms
Iris Energy Boosts Mining Capacity With $19.6M Acquisition of Bitmain’s S21 Antminers
11.10.2023
The Nasdaq-listed bitcoin mining company Iris Energy has announced its acquisition of 1.4 exahash per second (EH/s) of Bitmain’s latest S21 Antminers. This acquisition will increase the company’s self-mining capacity by 25%, from 5.6 EH/s to 7 EH/s. Nasdaq-Listed Iris Energy Bolsters...