Will FTX’s ill wind reach the Global South? Maybe not
In Latin America, “crypto is functional, it has a real utility.” It can hedge inflation, provide access to dollars and internationalize wealth. Go to Source Powered by WPeMatico
Month: December 2022
Gemini allegedly suffers data breach; 5.7 million emails leaked
Users’ emails, account numbers, and partial phone numbers were allegedly leaked. Go to Source Powered by WPeMatico
SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’
On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents Joseph Bankman and Barbara Fried attended … Read more
Fonbnk’s Michael Kimani sorts out facts on crypto adoption in Africa
The first episode of Hashing It Out features Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) and Michael Kimani, Fonbnk’s co-founder and head of growth in Africa. Go to Source Powered by WPeMatico
As DEXs struggle, new approaches kindle hope
Despite their popularity, DEXs have a number of drawbacks that may be preventing growth. A new approach, however, has offered a way forward. Go to Source Powered by WPeMatico
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023. Go to Source Powered by WPeMatico
The Netherlands tops new survey as the most metaverse-ready country
A new study by Uswitch revealed which countries are ready to embrace the metaverse by more technical standards, such as fixed broadband speeds and prices. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision
Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report. Following the data, which saw consumer prices rise to 7.1%, many expect the Federal Reserve to increase interest rates by 50 basis points. Ethereum was also higher today, and stayed close to a five-week high. Bitcoin … Read more
Russia Cracking Down on Crypto Miners Minting in Residential Areas
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution … Read more
Alameda had ‘unfair’ trading advantage, special access to FTX funds: CFTC filing
CFTC court filing outlines a murky relationship between FTX and Alameda Research, highlighting the latter’s unfair trading advantage and misappropriation of user funds. Go to Source Powered by WPeMatico