Month: February 2023

Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa

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The South African grocery retailer Pick n Pay is expanding its Bitcoin (BTC) coverage to all 1,628 stores across the country following a three-month pilot testing phase in 39 locations.  As part of its nationwide rollout, store customers will be able to pay for items using cryptocurrency via smartphone apps or by scanning a QR code and accepting the South African rand’s conversion rate at the time of payment. Good news, everyone! CryptoQR is now active at all Pick-n-Pay stores across South Africa, including PnP express and clothing shops! You…

Judge Dismisses Proposed Class Action Suit Alleging Coinbase Sold Unregistered Securities

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Federal Reserve Lifts Interest Rates Another 25 Basis Points

With the 25 basis point rate hike largely priced in, markets were looking for clues in the accompanying policy statement about whether the central bank was mulling a pause in its monetary tightening cycle. For now, that doesn’t appear to be the case, with the FOMC saying “ongoing increases” in rates will be necessary. Source

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High  – Markets and Prices Bitcoin News

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On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange rate. Aptos Hits $20 Ceiling, Slides 20% Lower From All-Time High Aptos, a layer one (L1) blockchain created by two developers from the former Diem cryptocurrency project at Meta, saw significant growth against the U.S.…

Why Venture Capitalists Won’t Be Punished for Investing in FTX

The list of FTX investors who in aggregate invested over $2 billion, and subsequently had to write it all off, spans an impressive “who’s who” of well-known investment firms, including NEA, IVP, Third Point Ventures, Tiger Global, Insight Partners, Sequoia Capital, SoftBank, Lightspeed Venture Partners, Temasek Holdings and BlackRock. Source CapitalistsFTXInvestingPunishedVentureWont CryptoX Portal

Meta gets court win in metaverse acquisition plans: Report

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A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company. According to a Feb. 1 report from Bloomberg, Judge Edward Davila in U.S. District Court for the Northern District of California denied an injunction by the Federal Trade Commission, or FTC, as part of an effort to block Meta from purchasing VR firm Within. However, he also reportedly issued a temporary restraining order preventing Meta from closing the deal for at least a week. The ruling…

MakerDAO launches $5M legal defense fund

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According to a new social post on Feb. 1, Maker decentralized autonomous organization, or MakerDAO, has approved the creation of a new fund dedicated to expenses related to legal defense.  MakerDAO is the issuer of the DAI United States dollar stablecoin. As told by developers, Maker will allocate 5 million DAI to “reimburse legal defense expenses in case of legal or regulatory action against specific participants of MakerDAO.” The post further explained: “Initially, the coverage will be provided to Recognized Delegates, Core Unit Facilitators, Core Unit permanent contributors, and active…

Binance’s New Blockchain Platform Aims to Build Web3 Infrastructure

In its recently published BNB Greenfield white paper, the cryptocurrency exchange Binance stated that it is interested in constructing a blockchain-based Web3 infrastructure. BNB Chain is a blockchain platform that was established by Binance. According to the white paper, it is a decentralised storage infrastructure that is integrated into BNB Chain. This infrastructure grants users and decentralised applications (DApps) complete control of the data stored inside it. Hosting websites, maintaining personal clouds and data archives, publishing, and other applications are all examples of possible use cases. The core team at…