The Lightning Network has struck Ghana, Kenya and Nigeria. During a conference in Ghana, Strike CEO Jack Mallers announced that the Bitcoin (BTC) payments company has partnered with the mobile app Bitnob to facilitate payments into Africa. Mallers made the announcement on stage at AfroBitcoin, a Bitcoin conference in Ghana’s capital city of Accra. He stood alongside …
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Despite the Conservative Party’s rhetorical embracement of crypto under the new Prime Minister Rishi Sunak, the upcoming regulatory framework will reportedly tighten scrutiny over the industry. The legislation updates will broaden the powers of the financial regulator and probably limit foreign companies’ operations in the United Kingdom. According to a Financial Times report, the FTX …
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Axie Infinity has rallied by 27% in the last 24 hours, and according to the latest CoinMarketCap report, there is an additional 6% positive push […] Go to Source
Celsius has until Feb. 15, 2023, to submit a reorganization plan detailing how it will maximize profit for all creditors and stakeholders. 1 min read Updated: December 6, 2022 at 11:48 am Cover art/illustration via CryptoSlate Embattled crypto lender Celsius has received approval from the bankruptcy court to extend its timeline for submitting a chapter …
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Over $20 million worth of ApeCoin (APE) has been staked less than 24 hours after its staking feature went live, according to Etherscan data. Horizen Labs tweeted on Dec. 5 that the rewards would start accruing by December 12. The staking update had experienced early delays due to a Bug Bounty AIP, which led to …
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Silvergate CEO wrote that the financial institution conducted significant due diligence on FTX and Alameda Research before onboarding them as clients. 2 min read Updated: December 6, 2022 at 10:22 am Cover art/illustration via CryptoSlate Silvergate CEO Alan Lane wrote a Dec. 5 public letter to reassure stakeholders that the firm employs the best due …
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Nexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool. 1 min read Updated: December 6, 2022 at 9:47 am Cover art/illustration via CryptoSlate Following Orthogonal Trading’s M11 loan default, decentralized insurance protocol Nexus Mutual has moved to withdraw all its assets from Maple …
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The crypto industry has always been highly volatile, but few could have predicted the turmoil it experienced in 2022. This year has been unprecedented for the industry, with every aspect affected by the collapse of Luna and FTX. Aside from retail investors who took considerable losses in these black swan events, Bitcoin miners remain the …
The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national tax authority to receive information from accounts and …
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Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko, explained in an interview that it’s quite possible that the FTX …
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops …
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Bulls may dominate the Polkadot market DOTUSD Price Analysis – 06 December In case the resistance level of $5.6 does not hold, bull pressure may […] Go to Source
A crypto analyst who correctly called Bitcoin’s (BTC) collapse last year is predicting a Santa Claus rally for the king crypto. The pseudonymous analyst Dave the Wave tells his 131,100 Twitter followers that Bitcoin looks poised to take out the horizontal resistance of an ascending triangle pattern. “BTC Xmas rally on the cards…” Source: Dave …
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. There was some substantial good news for crypto last week, but the prevailing storyline is still the unfolding of FTX. While the extradition of the failed exchange’s founder Sam Bankman-Fried seemed pretty logical from the beginning of the …
As crypto company valuations are affected by the recent FTX debacle, financial services firm Goldman Sachs is looking to swoop in and invest millions to purchase or invest in crypto firms while the prices are low. In an interview with mainstream media outlet Reuters, Mathew McDermott, an executive at Goldman Sachs, reportedly said that big …
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