Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption.
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One in Four Trading Firms Have Adopted Crypto in Some Way
A report produced by derivatives analysis firm, Acuiti, has revealed a growing interest in listing crypto assets among institutions, despite lingering compliance concerns. The report was compiled in partnership with exchanges, Bitstamp, and the Chicago Mercantile Exchange (CME).The study surveyed 86 “senior executives from the buy-side, sell-side, and proprietary trading groups specialized in traditional derivatives…
Blast drops ‘L2’ from X username, reduces withdrawal time from 14 to 7 days
After monitoring withdrawals for four months, the developers concluded that longer withdrawal times were no longer necessary.
Crypto Founder Sentenced to Seven Years in Prison for $25 Million Scam
A federal court in Manhattan sentenced the founder of a $25 million ICO scam to 87 months and a fine of up to $250,000. 1484 Total views 46 Total shares Robert Farkas, the founder of cryptocurrency firm Centra Tech, which raised more than $25 million from its initial coin offering scam, pled guilty in a federal…
Bitcoin hits $50,000 a new historic milestone for BTC price
Bitcoin (BTC) surged to new all-time highs on Feb. 16 following a week of bullish news including Tesla accepting BTC and MicroStrategy planning to raise another $600 million to buy Bitcoin.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price breaks historical recordData from Cointelegraph Markets and TradingView showed BTC/USD climb over 5% in hours on Tuesday…
Lightning Torch Reaches Final Destination, Over 0.4 BTC Donated to Humanitarian Aid
Charity-focused organization Bitcoin Venezuela tweeted on April 10 that the so-called Lightning Torch had reached its final destination, with all accumulated Bitcoin (BTC) donated to the group.By the time it got to the organization, the Lightning Torch had grown to exactly 0.4108021 BTC, which is currently equivalent to over $2,000.The Torch is an experiment first…
Hacked Japanese Crypto Exchange Zaif Releases Financial Support Plan for Customer Assets
Hacked Japanese cryptocurrency exchange Zaif has announced an official plan to provide financial support for affected customers’ assets, in an official notice posted today, October 10.As previously reported, the exchange suffered a security breach Sept. 14, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.7 million).At the time, Zaif operator Tech Bureau…
3 key metrics to watch as Bitcoin price tries to top $20,000
For the past week, Bitcoin (BTC) price has been flirting with the $20,000 mark, which has led some traders to lose their patience. In the eyes of some traders, the lack of bullish momentum is problematic, especially considering that BTC tested the $16,200 level roughly a week ago.Experienced traders know that there are key indicators…
Banking turmoil pushes crypto to ‘no oversight’, says Circle CEO
Crypto firms who have had the strongest position with U.S. regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated. Own this piece of history Collect this article as an NFTThe ongoing crisis and uncertainty around the global banking system could push the cryptocurrency market into a more gray area in terms of regulation, Circle…