The Toronto-based firm was able to pay for the plant with cash, so avoided taking on debt or diluting existing shareholders’ equity, CEO Michel Amar said in a Wednesday press release. In March 2021, the company said it would pay $4.25 million in cash and stock. It hadn’t responded to requests about the final price by publication time. Source
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities — Cape Town, Johannesburg and Pretoria — feature among the 50 top-ranked crypto hub cities. Lagos Among Cities With Most People ‘Working in Crypto-Based Jobs’ According to the findings of a recent study by Recap, a crypto asset management firm, the Nigerian…
Finding an auditor for the whole balance sheet is difficult given the complexities of auditing crypto assets due to challenges like price volatility. Source
Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice, the long-awaited price corrections had a significant reaction, showcased through on-chain activities on the Ethereum blockchain. According to a data report from Analytex, Ethereum’s average gas price — calculated in terms of the smallest Ether (ETH) denomination, gwei — increased by 29.27% in January 2023. The report compares gas prices from January to December 2022, noting an increase in user activity as a key indicator for the rise in average gas price…
“Until now, exactly how that governance should take place has been unclear,” the proposal description reads. “SundaeSwap Labs proposes that such governance use the auditable off-chain governance technology developed in-house, as well as a set of rules and procedures by which proposals for the future of the decentralized protocol can be considered, voted on, and adopted.” Original Source CardanoDEXFloatsGovernanceOnChainProposalSundaeSwap CryptoX Portal
The more than 151 staff assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance. Source
Algorand Foundation announced several partnerships in India, including collaborations with schools to develop educational programs to help grow Web3 in the country. In an announcement sent to Cointelegraph, the Algorand team said it partnered with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business to launch educational programs. This includes programs for faculty development and student developer training. Additionally, the firm will host a master class for businesses looking to dive into the Web3 space. Anil Kakani, Algorand’s recently-appointed country head for India, said that the partnerships aim to…
The issuance of anonymity-enhancing crypto like Zcash and monero are banned under the Emirate’s new regulations for digital assets. Source
Chiliz, the blockchain-based sports token that allows fans to own tokens tied to respective teams, has validated the genesis block of its new layer-1 blockchain. Source
Bitcoin (BTC) rebounded to key resistance into Feb. 8 as crypto markets got a boost from a familiar source. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell: “Disinflationary process” is here Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching the important $23,400 zone on Bitstamp overnight. The pair reacted positively to the latest comments from the United States Federal Reserve, these also serving to send equities higher during the Feb. 7 Wall Street trading session. Fed Chair Jerome Powell again mentioned “disinflation” during his appearance, reinforcing market hopes…