Rumors of expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the world of fiat currencies shaped the news this past week, with similarly dynamic developments in the world of cryptocurrency. Rich Dad Poor Dad author Robert Kiyosaki says the “end is here” for fake money. This and more just below in …
Monthly archives: October 2022
US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda’s borders came shortly after it was announced that the startup had raised a total of $12.3 million in its pre-Series …
Kenyan Central Bank Raises Key Rate by 75 Basis Points
The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. Growing Inflationary Pressures Following its …
Continue reading “Kenyan Central Bank Raises Key Rate by 75 Basis Points”
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators in Uzbekistan to Be Charged Fixed …
Continue reading “Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies”
Top Analyst Makes Case for Q4 Bitcoin and Crypto Rally As Fiat Currencies Get Crushed
A popular crypto analyst is making the argument that the last quarter of the year could bring rallies to the digital asset markets. In a new discussion with fellow analysts Benjamin Cowen and Mike from Digital Asset News, the host of InvestAnswers says that a number of fundamental catalysts are currently stacked up in favor …
Transit Swap loses over $21M due to internal bug hack, issues apology
Transit Swap, a multi-chain decentralized exchange (DEX) aggregator, lost roughly $21 million after a hacker exploited an internal bug on a swap contract. Following the revelation, Transit Swap issued an apology to the users while efforts to track down and recover the stolen funds are underway. “We are deeply sorry,” stated Transit Swap while revealing …
Continue reading “Transit Swap loses over $21M due to internal bug hack, issues apology”
Tamadoge pumps 191% in 24 hours – Is this play-to-earn coin a good buy?
Tamadoge (TAMA) has gained by 191% during the past 24 hours. At the time of writing, TAMA was trading at $0.085463, according to CoinGecko. The coin’s trading volumes over the same period are also up by 190%. TAMA pumps 191% in 24 hours TAMA has been on a massive bullish trend over the past 24 …
Continue reading “Tamadoge pumps 191% in 24 hours – Is this play-to-earn coin a good buy?”
Elon Musk and Jack Dorsey discussed promoting decentralization on Twitter
Elon Musk and Jack Dorsey privately discussed creating a more decentralized version of Twitter. The two billionaires discussed the matter briefly before Dorsey stepped down from Twitter’s board of directors. Elon Musk and Jack Dorsey discuss decentralized Twitter The messages between Musk and Dorsey have been shared as part of the ongoing legal tussle between …
Continue reading “Elon Musk and Jack Dorsey discussed promoting decentralization on Twitter”
Binance expands to New Zealand after receiving regulatory approval
Crypto exchange Binance recently received permission to enter New Zealand’s crypto market, and now, it officially launched a brand new crypto exchange in the country. The exchange’s CEO, Changpeng Zhao, commented on the move, noting that the exchange sees great value in New Zealand and believes that it will be beneficial for everyone if Binance …
Continue reading “Binance expands to New Zealand after receiving regulatory approval”
Solana suffers its fourth major outage in 2022 due to a misconfigured node
Solana is one of the biggest blockchain alternatives in the crypto industry. A project developed to solve the scalability problems experienced by Ethereum, Bitcoin, and other older chains, the project promises low transaction cost, fast processing, and nearly endless scalability. However, despite its superior technology, Solana is suffering from different issues. While its blockchain is …
Continue reading “Solana suffers its fourth major outage in 2022 due to a misconfigured node”
Ripple scores another big win against the US SEC
It has been nearly two years since the US SEC filed a lawsuit against Ripple, the creator of the cryptocurrency XRP, claiming that the project has sold an unregistered security. The SEC also accused Ripple’s executives of fraud, claiming that they misused their project to enhance their own personal wealth. However, the lawsuit has not …
Continue reading “Ripple scores another big win against the US SEC”
The Ethereum Merge Is Successful – How Will It Impact Traders and the Global Crypto Market?
HodlX Guest Post Submit Your Post After months of speculation, the long-awaited Ethereum (ETH) merge finally took place on September 15, 2022. The merge saw the popular blockchain network move from its hardware-based PoW (proof-of-work) model to the more environmental-friendly PoS (proof-of-stake) model. The merger will see the Ethereum blockchain reduce its carbon footprint by …
A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The Merge
With the new Ethereumpow (ETHW) network launch, ethereum holders are eligible to receive a single ETHW for every ether they own. The following is a simple guide that shows ethereum holders how to access their ETHW tokens using a wallet like Metamask. Accessing the ETHW Network via Metamask’s Network Settings 16 days ago, Ethereum transitioned …
India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens
India’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that nearly 86 bitcoins found at crypto exchange Binance were frozen. Indian Authority Freezes More Cryptocurrencies: Bitcoin, …
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, …