Tag: Investors

Nigerian crypto investors question central bank’s decision to flag P2P users

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Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria flagging their bank accounts. CBN’s decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion naira) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack. According to local news sources, on Feb. 19, Albert Onimole, legal counsel for  Nigerian fintech company Flutterwave, reported to police in Yaba, Lagos, that almost $6.5 million (3 billion naira) had been illegally transferred from the accounts of his client. On…

Bitcoin Seesaws Around $27K as Investors Digest Binance-CFTC Lawsuit

“Bitcoin is displaying such unbelievable resilience to what is happening around it, even in the crypto industry, that you have to wonder just how sustainable that can be,” Craig Erlam, senior market analyst at foreign exchange market maker Oanda, wrote in a Tuesday note. He added that the CFTC-Binance-triggered price drop “doesn’t feel particularly significant.” Source

“Crypto king” kidnapped and tortured after scamming investors off $29m

Aiden Pleterski, a 23-year old “crypto prodigy, was abducted and tortured after reportedly scamming investors off $29m. Pleterski, a crypto king, abducted and tortured On Mar. 26, it was reported that after Pleterski scammed investors, he proceeded to splash $12m on, among other things, fast cars, a luxury vacation, and financing a lavish lifestyle. Pleterski is going through a bankruptcy proceeding in Canada as authorities try to recover the $29m he skimmed off unknowing investors. So far, only $1.9m has been recovered.  Government details revealed that Pleterski was abducted in December, and…

Bitcoin Regains Momentum as Investors Shrug Off Banking, Fed Concerns

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Ether, the second larges crypto in market value, was recently changing hands at $1,810, up 4.6% from Wednesday, same time. Other major cryptos were largely in the green, regaining ground lost the previous day. Stablecoin XRP and TRX, the token of blockchain-based platform Tron Network, recently rose 5.7% and 9.4%, respectively. TRX dropped the previous day after the U.S. Securities and Exchange (SEC) charged its founder with selling and airdropping unregistered securities, fraud and market manipulation. Litecoin continued its recent momentum, rising 7.8%. The CoinDesk Market Index, a measure of…

SEC Urges Investors to Be Cautious With Crypto Securities

The regulator’s warning comes the day after Coinbase (COIN) disclosed the SEC issued it a Wells Notice indicating a possible imminent enforcement action tied to the exchange listing of potentially unregistered securities. Coinbase’s Nasdaq-listed shares were hit hard by this news, slumping as much as 20% in early trading on Thursday. At the time of writing, they are have recovered around half of their losses, down 10% at $69.32. Source

Investors have more work to do in ensuring the success of Web3: PBW2023

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A group of professionals in Web3 took to the Master stage at Paris Blockchain Week 2023 to discuss how Web3 is changing the game for startups and investors. This new paradigm disrupts traditional business models and provides opportunities for startups and investors to tap into a new market.  In the panel “Crypto, Culture, and Capital: How Web3 is Changing the Game for Startups and Investors,” the group discussed how Web3 startups are different from Web2 startups and how the different cultures existent in them shape and affect their various ecosystems.…

Saudi and Abu Dhabi Investors to Contribute to SpaceX New Funding

Following a signed agreement between SpaceX and NASA, the government agency is considering SpaceX as an emergency return option for the ISS crew.  Elon Musk’s SpaceX is about to receive financial backing from Saudi Arabia and Abu Dhabi investors in a new funding round. This follows an equity funding round in May 2022, which generated about $1.7 billion and reached a $127 billion market worth. At the same time, the company was positioned to be the US most valued startup with more than $125 billion valuation. Fast forward to July 2023,…

Texas Lawmaker Launches Resolution to Protect Bitcoin Investors, Support BTC Economy – Regulation Bitcoin News

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A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. “The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. “No citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as they enjoy all the privileges associated with the cryptocurrency.” Resolution to Support Bitcoin Economy A legislative proposal called House Concurrent Resolution 89 (HCR89), which expresses support for the bitcoin economy in Texas, was introduced in…

Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin BTC Price Hovers Near $27.3K After Fed Decision

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These are set to be built in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as CoinDesk  has reported.China Telecom will launch the first BSIM pilot program in Hong Kong later this year, Conflux Network said at the time. This will likely be followed by pilots in key mainland China locations such as Shanghai.The BSIM card will manage and store the user’s public and private keys in the card and carry out digital signatures in a way that the private key does…