18 / 43 Relevant items tagged with #NewsBytes
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Lengthy Licensing Stumps Kenyan Fintech Startups
[Sep 12, 2024 10:10 PM] Fintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups…
US and Africa Urged to Collaborate on AI Development
[Sep 12, 2024 9:24 PM] A two-day pan-African AI conference was held in Lagos, Nigeria, co-hosted by the United States. The conference aimed to promote safe, secure, and trustworthy AI systems in Africa, with hundreds of attendees from various fields. U.S. Deputy…
Samson Mow Doubles Down on $1 Million Bitcoin Price Prediction
Indian Police Investigate Cryptocurrency Fraud Targeting Ex-Servicemen
[Sep 12, 2024 6:30 AM] Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022…
Metaplanet Grows Bitcoin Holdings With $2.2 Million Acquisition
[Sep 11, 2024 8:30 PM] Metaplanet, a publicly listed Japanese company, has significantly boosted its Bitcoin holdings with a recent acquisition of 38.6 bitcoin for $2.2 million (¥300 million). This purchase increases their total bitcoin assets to 398.8 BTC, valued…
Grayscale Launches SUI Trust for Accredited Investors
[Sep 11, 2024 7:55 PM] On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick…
Polygon Labs to Invest $5 Million in Acquiring VPU-Based Server Systems
[Sep 11, 2024 5:30 PM] Polygon Labs has announced a $5 million investment in Fabric’s custom Verifiable Processing Unit (VPU) to enhance the performance of its ZK-powered protocols. This investment marks Polygon Labs as the first protocol to adopt these next-generation…
Michael Saylor Predicts Bitcoin Will Reach $13 Million in 21 Years
[Sep 10, 2024 9:30 AM] Michael Saylor, Executive Chairman at Microstrategy and known bitcoin proponent, gave his personal prediction about the long-term price of the cryptocurrency. On CNBC’s Squawk Box, Saylor stated that BTC would reach $13 million in 21 years…
Bitcoin Layer 2 Protocol Stacks Achieves New High in Smart Contract Deployments
[Sep 9, 2024 9:30 AM] Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more…
Woo X Introduces Social Trading With Ability to Hedge Against Leading Traders
[Sep 9, 2024 8:30 AM] Woo X, a crypto futures and spot trading platform, has launched its new social trading product, featuring a counter trading feature. This tool allows users to hedge against lead traders, offering additional opportunities for profit in varying…
Trump Threatens Countries Leaving the U.S. Dollar With 100% Tariffs
[Sep 9, 2024 7:50 AM] Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United…
Moscow Exchange Opts out of Russia’s Crypto Trading Program
[Sep 9, 2024 5:30 AM] The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision…
US, Nigeria Convene AI Conference to Promote Inclusive Tech Adoption
[Sep 8, 2024 10:46 PM] The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges…
Bitget Launches Direct Deposit Option for Mexican Pesos
[Sep 8, 2024 10:30 AM] Cryptocurrency exchange Bitget has announced a strategic partnership with Swapple to facilitate crypto payments in Mexican Pesos (MXN) via the Interbank Electronic Payment System (SPEI). Operated by Banco de México, SPEI allows for…
Friend.tech Team Renounces Control Over Smart Contracts
[Sep 8, 2024 9:30 AM] Friend.tech, the struggling decentralized social media application, has announced a major update to its platform, setting the admin and ownership parameters of its smart contracts to the address 0x000…000. This move effectively renounces control…
Westlake Police Issue Alert on Blackmail Scams Involving Bitcoin
[Sep 8, 2024 8:30 AM] Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards, to prevent exposing personal…
Tether Invests $100 Million in Latam’s Agricultural Giant Adecoagro
[Sep 8, 2024 7:41 AM] Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural…
Istanbul Police Arrest Omegapro Managers Over $4 Billion Crypto Fraud Scheme
[Sep 8, 2024 6:30 AM] Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder…
UBS: European Real Estate Markets Enter New Cycle
20 Government Agencies in US, South Korea, and Japan Tackle North Korean Crypto Threats
[Sep 8, 2024 12:30 AM] The United States, Japan, and the Republic of Korea (ROK) held their third Trilateral Diplomatic Working Group meeting on Friday in Seoul to address North Korean cyber threats. Led by U.S. Deputy Special Representative Seth Bailey, ROK’s Lee…
Kamala Harris Gains Ripple Co-Founder Chris Larsen’s Endorsement
[Sep 7, 2024 9:30 PM] Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen’s move, given the Biden…
Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability
[Sep 7, 2024 2:30 AM] Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still…
Travala Integrates With Skyscanner, Enabling Crypto Payments for Over 2.2 Million Hotels
[Sep 6, 2024 10:30 AM] Crypto-native travel platform Travala has announced its integration with global travel marketplace Skyscanner. This partnership allows Skyscanner’s 110 million monthly users to discover and book over 2.2 million hotels using more than 100…
Libertarian Javier Milei: ‘Only Entrepreneurs Can Create Wealth’
[Sep 6, 2024 8:30 AM] The libertarian President of Argentina, Javier Milei, has shared his perspective on how wealth should be created efficiently and who should be responsible for its creation. During a visit to Mercado Libre’s offices on Thursday, Milei stated…
Mastercard Launches Crypto Debit Card for Self-Custodial Wallets in Europe With Mercuryo Partnership
[Sep 6, 2024 6:30 AM] Mastercard has announced the launch of a new crypto debit card in Europe through a partnership with Mercuryo. This innovative card allows users to spend over 40 different cryptocurrencies directly from their self-custodial wallets at more than 100…
Nexo Reopens UK Registrations With Enhanced User Protections
[Sep 5, 2024 8:30 PM] Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with…
Former Mt Gox CEO Mark Karpeles to Launch New Crypto Exchange With a Focus on Transparency
[Sep 5, 2024 1:40 PM] Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange named Ellipx later this month. Based in Poland, Ellipx aims to prioritize transparency and compliance with the European Union’s Markets…
Central Bank of Brazil Hints at a Future Integration of AI Into Its CBDC
[Sep 5, 2024 10:30 AM] The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of…
Polygon Completes MATIC to POL Upgrade
[Sep 5, 2024 9:30 AM] Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for…