Day: December 13, 2022

A Silicon Valley Tech Team, BTCKing, Is Going Live with a More Secure Digital Wallet

Place/Date: – December 13th, 2022 at 1:20 pm UTC · 4 min read Source: BTCKing Photo: Unsplash The TFX project developed by BTCKING, a technical team of TFX in Silicon Valley, will recently launch a digital currency wallet named “Wealth” and decentralized flash exchange service, which has been audited and approved by the authoritative audit company VATIN.io. Before it has been online, it has gained the attention and favor of many cryptocurrency users. “Wealth” is an intelligent multi-chain cross-chain wallet, which integrates the most cutting-edge technology of blockchain, making the…

Crypto Miner Iris Energy Hit by Class Action Suit

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Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue

The collapse of FTX and the resulting fallout has a number of potential implications for Robinhood, the report said. These include the potential liquidation of 56.3 million shares owned by FTX founder Sam Bankman-Fried, the removal of FTX as a potential acquirer, and lower crypto trading revenue due to the “substantial price declines and material deterioration in investor confidence. Source

Berkshire Hathaway Reduces Its Stake in Chinese Automaker BYD

Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02). American multinational conglomerate holding company, Berkshire Hathaway Inc (NYSE: BRK.A) has reduced its stake by offloading some of the shares of Chinese automaker, BYD Ord Shs H (HKG: 1211). As reported by Reuters, the Warren Buffett-owned Berkshire Hathaway sold off exactly 1.33 million shares of BYD, a number that amounts to $34.43 million. Berkshire Hathaway…

Chinese Company Launches Digital Currency Insurance Product – Featured Bitcoin News

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The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency wallets created in the Chinese city of Suzhou alone now exceeds 30 million. Insurance Product ‘Guarantees’ Security of Digital Wallets According to a report, the Suzhou branch of China Pacific Insurance along with the Bank of Communications branch in the same city, recently launched what has been described as…

Bitcoin Lightning Network Enables Instant Fiat Transfers between Africa and Europe

Bitnob will use the “Send Globally” feature for instant transfer of fiat currencies between Europe and Africa by leveraging the Bitcoin Lightning Network. On Monday, December 12, Bitnob and CoinCorner announced a new partnership to offer instant fiat transfers between Europe and Africa by leveraging Bitcoin Layer-2 scalability platform Lightning Network. Bitcoin Lightning Network to Facilitate Fiat Transfers As a result, the CoinCorner users will use the “Send Globally” feature to transfer fiat currencies such as British pounds (GBP) or Euros (EUR) instantly to African countries like Kenya, Nigeria, and…

Bitcoin Hits One-Month High Ahead of US Inflation Data

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Bitcoin probably benefitted from haven flows stemming from the unease about the health of the dominant cryptocurrency exchange Binance. The cryptocurrency’s dominance rate, or the share in the crypto market, rose to 41.4%, the highest since Oct. 29. Historically, traders have piled into bitcoin, lifting its dominance rate during times of stress in the broader market. Original