Month: January 2022

Morocco is number one for Bitcoin trading in North Africa

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Estimates from Triple A, a Singaporean cryptocurrency provider and aggregator, state that 0.9 million people, or roughly 2.4% of Morocco’s total population, currently own cryptocurrency.  That puts the kingdom as the top country in North Africa and in the top 50 holders of cryptocurrency population percentage, just ahead of Portugal. Data from Useful Tulips — a platform that tracks peer-to-peer BTC trading across the globe — confirms the trend. The Kingdom of the West, as it’s known locally, has been the runaway North African leader for BTC trades in the…

Block job postings reveal Jack Dorsey’s Bitcoin plans

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In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC,” and make a hardware wallet for the next 100 million Bitcoin (BTC) users. The two roles are based in the Block’s headquarters in San Francisco and were added to the job posting platform in the past 24 hours. For the role of the custom digital design lead, the candidate will help “silicon validation of the ASIC and its prototype.” An ASIC is a small machine dedicated…

Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms

Argo Blockchain (ARBK), the only crypto miner listed on the London Stock Exchange (LSE), has declined by 45%, while Canadian crypto miners Hive Blockchain (HIVE) and Hut 8 Mining Corp (HUT) have slipped 52% and 59%, respectively. Toronto-listed crypto exchange Voyager Digital (VYGVF) is down 50% alongside a 45% slide in shares in MicroStrategy (MSTR), a business-intelligence software company that holds 122,478 BTC, worth nearly $6 billion, on its balance sheet. Source

El Salvador to Add More Geothermal Energy Sources to Power Bitcoin City – Bitcoin News

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The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin City, which will be financed with the earnings of the so-called “volcano bonds.” Bukele stated there are high chances of finding a well in the area of the Conchagua volcano that will be able to power the whole city by itself. El Salvador Investing in New Geothermal Energy Sources The president of El Salvador, Nayib Bukele, has confirmed that the…

Elrond Foundation Acquires Crypto Payments Firm Utrust

Sanja Kon, CEO of Utrust, which is regulated in Estonia and currently processes payments in BTC, ETH, DASH and USDT, as well as its own UTK token and now Elrond eGold (EGLD), says merchants are much more amenable to settling in cryptocurrency these days. As far as earning yield on their crypto, Kon believes merchants want to invest in the blockchain universe. Source

Binance Becomes Official Sponsor of the TotalEnergies Africa Cup of Nations (AFCON 2021) – Sponsored Bitcoin News

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sponsored Binance is thrilled to announce that it is an official sponsor of the 2021 TotalEnergies Africa Cup of Nations (AFCON) tournament, taking place from January 9 till February 6, 2022 in Cameroon. What To Expect This sponsorship deal will make Binance the exclusive cryptocurrency and blockchain platform for the AFCON 2021 tournament as we take our global brand and technology to African football. Binance will also be the official partner of the Assist of the Day / Binance Assist of the Week / Binance Assist of the Tournament, which…

Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC

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Bitcoin (BTC) broke through $42,000 on Jan. 11 as expectations of a fresh “short squeeze” mounted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Short-term squeeze “reasonably likely” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from Monday’s dip to $39,600 — its first breach of the $40,000 mark since September. While short-term bullish prognoses were conspicuously absent on the day, attention focused on the potential for derivatives markets to spark another “short squeeze.” With open interest near all-time highs despite the downturn and sentiment clearly favoring further…

NYDIG-Owned Payments Startup Bottlepay Obtains FCA Registration

Payments startup Bottlepay said it has been approved by the Financial Conduct Authority (FCA) to carry out crypto-asset activities in the U.K., making it the first Lightning network-based firm to win permission from the country’s financial regulator . Bottleplay, which is owned by bitcoin investment company NYDIG, allows users to make micropayments using messages on Twitter, Reddit and Discord on the Lightning network, a layer on top of the Bitcoin blockchain that enables transactions to be carried out more quickly. FCA registration demonstrates that a firm has met the watchdog’s…

FTC issues public warning about new crypto ATM scam

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The United States Federal Trade Commission published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to send money. According to the FTC, fraudsters pretend to be public officials, law enforcement agents or employees of local utility companies. The imposters also utilize dating apps and pretend to be potential romantic partners or call victims to announce that you’ve won a prize. No matter how it starts, it…

Axis Bank issues financial contract on state-backed blockchain platform

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Indian financial services giant Axis Bank issued a financial contract between two domestic businesses by using a government-backed blockchain platform called Secured Logistics Document Exchange (SLDE). SLDE was developed and released on Jul. 28, 2021, by India’s Ministry of Commerce & Industry to serve as a digital document exchange platform that uses blockchain-based security protocols for data security and authentication. According to the official announcement, Axis issued a letter of credit, a financial contract that guarantees payment upon conditions, between Arcelor Mittal Nippon Steel India and Lalit Pipes & Pipes…