Crypto products shed $528M amid recession fears — CoinShares
As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000.
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Small value crypto transfers in Africa have increased by 55%
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year. Africans are increasingly turning to cryptocurrencies as a means of exchange over local fiat currencies, according to a new report from blockchain analytics firm Chainalysis.Data from the firm shows that…

Canary Capital launches Axelar Trust targeting institutional investors
Axelar is a Web3 interoperability network that lets developers tokenize real-world assets.

Study: Blockchain Can Reduce Food Fraud By $31 Billion Within 5 Years
The food industry could save up to $31 billion in global fraud savings by tracking food on its way from farms to consumers via the blockchain.A Nov. 25 study by Juniper Research reveals that blockchain technology, in combination with Internet of Things (IoT) sensors and trackers, will greatly reduce retailers’ costs by streamlining supply chains,…

Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG
Donald Trump’s inauguration is just a week away, but key crypto legislation may take a bit longer to come into effect, cautioned NYDIG.

Belarus tech innovation zone may take on regulatory role for crypto business
The administration of Belarus Hi-Tech Park is the best authority to regulate the crypto market in the country, First Deputy Prime Minister Nikolai Snopkov said. 656 Total views 6 Total shares The Belarusian government has proposed to appoint the Hi-Tech Park Administration as a supervisory authority for local crypto exchanges and digital tokens, First Deputy…

$176M of Do Kwon’s assets are frozen: Report
The frozen assets include an apartment complex, an officetel, several imported cars and various financial assets. 280 Total views 2 Total shares On May 10, local news outlet Hankyung reported that Do Kwon, co-founder and former CEO of Terraform Labs, had over 233.3 billion Korean won ($176 million) in personal assets frozen as part of…

What is Bitcoin whale watching and how to track Bitcoin whales?
There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges. 2046 Total views 59 Total shares Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often. Given their capability to manipulate…

Brazil’s crypto imports surged 40% in September
Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September.