Tag: News

Nigerian Crypto and Web3 Startup Lazerpay Shuts Down After Failing to ‘Close a Successful Funding Round’ – Africa Bitcoin News

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The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from companies that may want to acquire the startup’s intellectual property (IP). Stablecoin Payments Lazerpay, a Nigerian crypto and Web3 startup, announced on April 13 that it will cease operations and has asked merchants to withdraw their funds before the end…

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services – Finance Bitcoin News

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ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first and largest virtual bank, co-founded by Chinese billionaire Ou Yaping, is looking to facilitate transfers of digital and fiat currencies for participants in the city’s developing crypto sector, Bloomberg reported quoting the lender’s top executive.…

‘Being an Ally Does Not Mean Being a Vassal’ – News Bitcoin News

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French president Emmanuel Macron has decided to double down on his strategic autonomy policy thesis, declaring that Europe should not be forced to side with Beijing or Washington on Taiwan. Macron declared that being a U.S. ally ‘does not mean being a vassal’ in a state visit to Amsterdam, propping criticism and praise alike for his position. Macron Doubles Down on Strategic Autonomy Policy for Europe on Taiwan Issue French president Emmanuel Macron has reinforced his stance when it comes to the allegiance of France and Europe in the case…

Solana’s Crypto and Web3 Smartphone ‘Saga’ Available to the General Public on May 8 – Bitcoin News

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Solana’s cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto assets using its Seed Vault feature. Solana Smartphone Saga Ready for the Masses Solana Labs, Inc., the company behind the Solana blockchain ecosystem, announced that the Saga smartphone will be available for purchase on May 8, with pre-orders shipping on April 20. As stated by Solana Mobile’s Twitter account, the team aims to “modernize how people…

BTC Hits $31,000, What Next? – Bitcoin News

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At the halfway point of April, bitcoin has risen beyond the $31,000 point for the first time in ten months. This rise in bullish sentiment comes as global inflation continues to fall, with many expecting central banks to soon pivot from current policies of monetary tightening. Current Market Status April started mostly with consolidation, as traders continued to digest the last month’s banking crash, and Federal Reserve 25 basis point rate hike. However, following the non-farm payrolls report, which dropped to 236,000 in March, down from 326,000 the month prior,…

C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking – Bitcoin News

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On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more sustainable behaviors. ‘CBDC Preview’ — Bank Customer Explains How His Brazilian Bank Monitors Transactions for CO2 Emissions In recent years, politicians have pushed banks to adhere to environmental, social, and corporate governance (ESG) objectives. This has led financial institutions to focus on…

Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case – Bitcoin News

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Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an unregistered sale and offer of a crypto asset security and engaging in manipulative trading schemes. Court Sends Summons to Singapore Address in Attempt to Serve Tron Founder Justin Sun A court summons has been issued…

Crypto Exchange Bitrue Suffers $23 Million Hack – Bitcoin News

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Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday on Twitter it has identified a “brief exploit” in one of its hot wallets. The breach led to the theft of around $23 million in a number of cryptocurrencies, including ether (ETH) and shiba inu…

ADA Surges to 7-Month High, as XRP Extends Recent Gains  – Market Updates Bitcoin News

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Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high. Cardano (ADA) Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high. ADA/USD raced to an intraday peak of $0.4441 earlier in today’s session, after trading at a low of $0.4115 on Thursday. Friday’s…

Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor – Featured Bitcoin News

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Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to the Bank of England (BOE) governor, Andrew Bailey, stablecoins can only function as money if they attain the characteristics of “inside money” and when they are regulated as such. Bailey also claimed the BOE had determined that stablecoins lack…