A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that focuses …
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Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user. Peckshield, a …
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While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33% harder to mine since December 11. Bitcoin Hashrate Taps 194 …
Ethereum layer 2 solution Polygon is unveiling a massive acquisition worth hundreds of millions of dollars to expand its repertoire of scaling technologies. In a new blog post, Polygon (MATIC) announces the acquisition of Mir, a startup focused on developing zero-knowledge (ZK) technology. ZK-rollups are layer 2 solutions that bundle hundreds of transactions off-chain and …
A non-profit dedicated to government oversight is taking legal action against the U.S. Securities and Exchange Commission (SEC), alleging conflicts of interest in its handling of the crypto space. Empower Oversight is suing the SEC to compel the regulator to comply with the Freedom of Information Act (FOIA) and reveal communications between its senior officials …
Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures contracts. The downside move came after the emergence of the Omicron variant of the Coronavirus and recent data showing U.S. inflation hitting a 40-year high. Bitcoin/USD price at …
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Dear Lord Sugar Mountain, Attention: to my Facebook friend who is building a version of the metaverse that nobody wants as a starter. The last few years must certainly not have been easy. Your business model centered around polarization and, subsequently, outrage has ironically unified many of us against relying too much on your social …
Continue reading “A letter to Zuckerberg: The Metaverse is not what you think it is”
Bitcoin Price Prediction – December 12 The Bitcoin price is currently trading above the 9-day moving average after the first digital asset recovers from $48,665. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $55,000, $57,000, $59,000 Support Levels: $45,000, $43,000, $41,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently holding above …
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Bitcoin Price Prediction – December 12The BTC/USD price valuation has witnessed a recording that the crypto-economic market struggles, swinging at $50,000. The market estimated a percentage rate of about 0.24 positive. Price is trading around $49,660 on an average basis. BTC/USD Market Key Levels:Resistance levels: $52,500, $55,000, $57,500Support levels: $45,000, $42,500, $40,000BTC/USD – Daily ChartThe …
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Crypto analyst Nicholas Merten says that one sector of altcoins will likely lead the digital asset markets in terms of strength and performance moving into next year. In a new strategy session, Merten tells his 487,000 YouTube subscribers that he’s looking at the Metaverse Index against Wrapped Ether (MVI/WETH) as a proxy of the crypto …
Institutional interest in cryptocurrencies is increasing as the space continues to mature. A survey released on Dec. 8 by European investment manager Nickel Digital Asset Management found that 85% of institutional investors and wealth managers have dedicated teams to review cryptocurrencies and digital assets. The study noted that the investors surveyed manage around $108.4 billion …
Continue reading “Matt Zhang on a mission to reinvent crypto for institutional investors”
Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators. …
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Wright will only pay $100 million following a legal case concerning his former business partner. Craig Wright has been cleared of charges in a lawsuit related to a dispute between himself and the estate of his former business partner, Dave Kleiman. In the case of Kleiman v Wright, Wright faced various charges that could have …
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BlackPool, the first decentralised autonomous organisation (DAO) built exclusively for NFT gaming and trading, recently announced securing $6 million in funding led by DIGITAL. DIGITAL was joined by Bitkraft, Delphi Digital, Play Ventures, Backed and Cherry Ventures, while existing contributor Fabric Ventures doubled down on their commitment to the DAO. Taking on the NFT gaming …
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To this day, Satoshi Nakamoto is one of Bitcoin’s biggest mysteries as people have searched far and wide to uncover the creator’s identity. 11 years ago, on December 12, 2010, the pseudonymous blockchain programmer (or programmers) left a final message to the crypto community stressing that “there’s more work to do on [denial-of-service] DoS.” Satoshi …
