Nigeria’s Fintech Startup Paystack Cuts Workforce, 33 Employees to Depart
The Nigerian fintech startup, Paystack, will be scaling down its operations outside Africa. In addition, Paystack will part ways with at least 33 employees based in Europe and the United Arab Emirates. Co-founder Shola Akinlade has promised to help…
South Africa Becomes the Sole African Nation to Adopt Crypto-Asset Reporting Framework
South Africa is the only African country to join the group of countries that have agreed to implement the Crypto-Asset Reporting Framework. According to the South African Revenue Collector, the reporting framework is expected to improve its…
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and…
Argentina’s Presidential Candidate Sergio Massa Suggests Using Blockchain for State Finance Oversight
Presidential candidate and Economy Minister Sergio Massa has proposed to develop a system to allow citizens to control and monitor state finance using blockchain tech in Argentina. At a recent presidential campaign rally, he declared that…
Openai Shakeup: Sam Altman Out as CEO, Worldcoin’s WLD Plunges
Following the announcement by Openai, a firm dedicated to artificial intelligence (AI), that Sam Altman is stepping down, Worldcoin, a crypto venture backed by Altman, experienced a 13.5% decline in its native asset WLD compared to the U.S. dollar…
IMF Chief Says Central Bank Digital Currencies Can Replace Cash — Urges Public Sector to Prepare for CBDC Deployment
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related payment platforms,”…
Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users’ Data
The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their…
Jupiter to Roll Out First Phase of Major Airdrop: 1 Billion JUP Tokens to Reward 955,000 Solana Wallets
The decentralized exchange (dex) Jupiter has unveiled specifics regarding the distribution of the first 10% tranche of its community airdrop, encompassing 1 billion jupiter (JUP) tokens from a total pool of 10 billion. This initiative is designed…
The Quest to Stabilize GHO — Navigating Challenges to Reach $1 Peg Amidst Aave’s Corporate Rebrand
The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project’s Liquidity…
Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $18.69 per transfer, marking a high of 0.00051 BTC. This surge represented the second-largest increase in 2023. However, the following day saw a reduction in onchain…
How to Maximize Your Crypto Profits as Bitcoin Climbs to $100,000 – Road to 100K CEO Martin Lunger
“R100K”, or the “Road to 100K”, represents a project strategically crafted to maximize profits through Bitcoin when its valuation reaches $100,000. They firmly believe this milestone is inevitable and their mission revolves…
Ethereum Technical Analysis: ETH Slips 4%, Traders Eye Critical Support With Caution
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a downturn on Friday, dropping 4.7% against the U.S. dollar. Over the previous week, it has seen a decline of 6.6% in its value. The trading dynamics on…
Bitcoin Technical Analysis: $38K Resistance Level Holds BTC Back
Between November 16 and 17, 2023, bitcoin (BTC) witnessed a notable shift in its value, exhibiting a price swing from $35,579 to $37,904 within a 24-hour span. Currently, the turbulent market activity has stabilized, with bitcoin trading at $36,387…
PRESS RELEASE. Launching with LBank: A Promising Beginning Star Atlas, a pioneering force in the fusion of gaming and blockchain, has taken a significant leap forward with the listing of its ATLAS token on LBank. This milestone not only marks a new…
APEC Meeting: Yellen Acknowledges Digital Assets’ Potential, Announces Regulation Advancements
U.S. Treasury Secretary Janet Yellen has acknowledged the advantages that the adoption of digital assets might bring to several key economic activities. After the Asia Pacific Economic Cooperation (APEC) finance ministers’ meeting, Yellen…
South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment
Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20…
Singapore Announces Global Tokenization Initiative in Partnership With BNY Mellon, DBS, JPMorgan, and MUFG
The Monetary Authority of Singapore (MAS) has announced a global tokenization initiative that seeks to allow tokenized assets to be exchanged by different financial institutions across borders. The initiative, touted by MAS officials as the…
Meet StocksFC: The Football Stock Market Where Goals Earn You Crypto
PRESS RELEASE. Amsterdam, Netherlands – StocksFC, the innovative football (soccer) stock market platform that runs on Ethereum, is proud to announce its astounding success since its inception six months ago. In this short span, StocksFC has…
JPMorgan Says JPM Coin Could Handle $10 Billion in Daily Transactions Next Year
Global investment bank JPMorgan expects its digital currency, JPM coin, to “start taking off.” The bank says JPM coin could handle $10 billion in daily transactions in the next year or two, according to its global head of financial…
58 US Lawmakers Probe Biden and Yellen on Hamas’ Crypto Operations
Fifty-eight U.S. lawmakers have probed President Joe Biden and Treasury Secretary Janet Yellen regarding Hamas’ digital asset operations, as well as whether the U.S. has had success in seizing illicit cryptocurrencies. Despite reports that…
Vivek Ramaswamy Reveals Crypto Policy Framework — Plans to Roll Back Most of SEC Crypto Regulations
U.S. presidential candidate Vivek Ramaswamy has unveiled his “Three Freedoms of Crypto” policy framework. He stated that as President, he will ensure that innovative sectors, including crypto, are “liberated from the shackles of the…
A Major Vulnerability Found in Early Crypto Wallet Software Risks Billions in Assets
A critical vulnerability in early cryptocurrency wallets, identified by cybersecurity startup Unciphered, threatens billions of dollars in digital assets. Originating from a flaw in the BitcoinJS software used for wallet generation between 2011 and…
Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion
Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the…
Xi Jinping Vows No Hegemony in China’s Approach to US, Aiming for Stable Ties
On Wednesday, Chinese President Xi Jinping delivered a speech emphasizing China’s aspiration for harmonious ties with the United States. The Chinese head of state conveyed his vision of an enhanced “friendship in the new era”…
Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of Bitcoin Hashrate
On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to…
This Week’s Crypto Snapshot: TIA and YFI Soar; GAS, TRB, MKR Struggle
Thursday, November 16, 2023, marks a steady phase in the crypto economy, maintaining a value of $1.4 trillion with a modest increase of 0.44% in the last 24 hours. Concurrently, despite the seven-day downturn experienced by both bitcoin and…
Pancakeswap Introduces ‘Pancake Mayor’ in New Gamefi Venture
Pancakeswap, the crypto exchange and decentralized finance (defi) platform, is stepping into the world of game finance (gamefi) by introducing its own gaming marketplace. The marketplace is spearheaded by “Pancake Mayor,” a…
Blackrock Officially Submits Ethereum ETF Proposal to US Securities Regulator
Blackrock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the U.S. Securities and Exchange Commission (SEC). This move is to introduce a spot ethereum exchange-traded…
Blockchain.com Raises $110 Million in Series E Round Led by Kingsway
Blockchain.com, a cryptocurrency enterprise offering a digital asset exchange, a blockchain explorer, and a non-custodial wallet, has recently secured $110 million in a Series E funding round spearheaded by Kingsway. Despite this successful funding…
Grineo Unveils the Exciting Future of Digital Spending at Australian Crypto Convention
PRESS RELEASE. SYDNEY, AUSTRALIA / November 16, 2023 / Grineo, the groundbreaking Australian FinTech startup, made waves at the highly anticipated AusCryptoCon in Melbourne on November 11-12, 2023. The highly coveted event, boasting over 15,000…
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