Babel wants to repay creditors via special ‘recovery coins’: Report
Babel reportedly owes $524 million worth of Bitcoin, Ether and other tokens due to “risky trading activities” by co-founder Wang Li. Go to Source Powered by WPeMatico
Month: March 2023
Technical discussions take center stage at Advancing Bitcoin conference in London
A look back on a highly technical Bitcoin conference hosted in London, in which ordinals, silent payments and the Lightning Network were studied and discussed. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: Volatility in BTC, ETH Remains High to Start the Week
Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin Bitcoin (BTC) started the week in consolidation, … Read more
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports
The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.” Motion to Freeze The Nigerian fintech unicorn, Flutterwave, has said reports … Read more
Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort
PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now available to all … Read more
Here’s how Binance is mitigating its stablecoin needs after BUSD ban
The recent action from Binance comes in the wake of NYDFS ordering BUSD issuer Paxos to stop minting new BUSD. Go to Source Powered by WPeMatico
Bybit introduces Mastercard-powered debit card days after halting USD transfers
Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings. Go to Source Powered by WPeMatico
Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities
Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs. Go to Source Powered by WPeMatico
Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate is higher than the official government rate. New Limits Curtailing Operations … Read more
Democratic Senators Push Against Meta’s Idea of Bringing the Metaverse to Teens
Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal directed a letter to the company to halt these actions, citing concerns about the interactions that teens could have in Meta’s virtual worlds. Meta … Read more
