Ferrari Starts Accepting Crypto Payments for Luxury Sports Cars
Ferrari has reportedly begun accepting payment in cryptocurrency. The Italian luxury sports car manufacturer cited requests from both the market and dealers as the primary motivation for this decision. “This will help us connect to people…
Nigerian Central Bank Lifts Forex Restrictions on 43 Items — Market Forces to Determine Exchange Rate
The Nigerian central bank said on Oct. 12 that it had lifted foreign exchange restrictions imposed on the importation of 43 items. The central bank said the restrictions initially imposed in 2015 may have contributed to the weakening of the naira…
With Bitcoin’s Fourth Halving Under 200 Days Out, What’s at Stake for Miners?
With fewer than 200 days to go, anticipation mounts for the halving, a four-year event that halves the supply rate. Bitcoin’s fourth halving is projected to take place on or around April 24, 2024. This comprehensive guide will help you…
G20 Calls for ‘Swift and Coordinated Implementation’ of IMF Crypto Roadmap
The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the…
JPMorgan CEO Warns of ‘Most Dangerous Time the World Has Seen in Decades’
JPMorgan Chase CEO Jamie Dimon has warned of “the most dangerous time the world has seen in decades.” The executive explained that “the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and…
Ripple’s Legal Chief Calls for ‘Rational’ Crypto Regulation — Urges US to Stop Elevating Politics Over Sound Policy
Ripple’s chief legal officer says the U.S. needs to ”stop elevating politics over sound policy.” Noting that countries and regions outside of the U.S., such as Singapore, the U.K., the EU, and Japan, welcome crypto businesses…
US Mulls Tighter Restrictions on AI Chip Shipments to Chinese Firms, Report
The government in Washington is reportedly considering further limiting China’s access to U.S. processors used in artificial intelligence (AI) applications. The current restrictions, which were introduced last year, allow Chinese companies to…
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans…
Blockchain Gaming Holds Strong in Q3, Amid Evolving Crypto Landscape
The blockchain gaming sector maintained its influential position in the third quarter of 2023 despite some decreases in momentum, according to Dappradar’s recent report. Although metrics such as unique active wallets and transactions dropped…
FTX Estate Stakes 5.5 Million SOL; Millions Locked Until 2028
Blockchain records have shed light on a development involving the trustees of the now-defunct exchange FTX, who are overseeing its bankruptcy proceedings. They have committed 5.5 million solana (SOL) for staking. Meanwhile, the current market value…
Deadline for SEC Appeal Against Grayscale’s Spot Bitcoin ETF Ruling Expires
The U.S. securities regulator has apparently missed a deadline to appeal a court ruling against its rejection of Grayscale’s spot bitcoin ETF application. Media reports, quoting sources familiar with the matter, unveiled ahead of the deadline that…
Biggest Movers: SHIB Hits 6-Day High to Start the Weekend
Saturday saw shiba inu climb to its highest point since Monday, as bulls made a slight return to the market. The meme coin rose by as much as 4% on Saturday, as the global crypto market cap made gradual gains to start the weekend. Solana was…
Bitcoin, Ethereum Technical Analysis: BTC Falls on Saturday, Following Brief Spell Above $27,000
Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing…
Fluent Finance Partners With UAE to Develop Deposit Token Tech
Fluent Finance, a US-based startup that aims to bridge banking and Web3, has announced that it will partner with the Ministry of Economy of the United Arab Emirates (UAE) to develop deposit token-based tech. The company, which takes advantage of…
Samourai Wallet Helps Produce Documentary on Cody Wilson’s 3D Firearm Legacy
A new documentary delving into 3D firearm printing and Defense Distributed’s Cody Wilson is set to release. Directed by Jessica Solce and produced by Encode Productions and the Samourai Wallet team, the film will digitally debut on October…
SEC Suffers Another Setback Against Ripple — What Next?
On October 3, U.S. District Judge Analisa Torres denied the Securities and Exchange Commission’s (SEC) interlocutory appeal of her July 13 decision. Judge Torres’ decision marked another public defeat for the SEC, and if you…
Moscow Exchange Plans to Issue Real Estate Digital Assets by 2024
The Moscow Exchange, the largest exchange in Russia, has announced plans to issue real estate digital assets in 2024. According to Sergei Kharinov, director of digital assets for the platform, this will lower the entry barrier for qualified and…
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns…
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand…
Mastercard Demonstrates New Solution for CBDC Tokenization
Mastercard says its new solution that enables central bank digital currencies (CBDCs) to be tokenized or wrapped onto different blockchains provides consumers with “a new option to participate in commerce across multiple blockchains with…
Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to…
Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers
On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap…
Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs
The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up…
Grayscale’s Bitcoin Trust Discount to NAV Narrows Sharply to a 16.59% Gap
Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%…
Biggest Movers: DOGE Rallies, After Bouncing From Key Support Point
Dogecoin was a notable mover on Friday, as the meme coin rebounded from a key support point. The move came after two consecutive days of declines, pushing price near a two-month low. Solana also ended a losing streak in today’s session. Dogecoin…
Worldcoin Unveils Enhanced State Bridge; Registers 2.35M Users as WLD Market Dynamics Shift
This week, the iris-scanning Worldcoin project introduced a state bridge into its framework. This feature enables users to create and link their own bridge with the global identity, World ID, and any blockchain that’s Ethereum Virtual Machine…
Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak
Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum…
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and…
River Report: Bitcoin’s Lightning Network Grew by 1,212% in 2 Years
A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators…
BBACHAIN Layer I Blockchain Technology: A Revolutionary Leap in the Crypto Space, Unveiling at Upcoming Global Events
PRESS RELEASE. Imagine a world where technology not only meets financial innovation but also crafts a future where transactions are not merely conducted but are optimized for user benefit and technological advancement. This is not a distant dream…
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