Tag: News

SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review – The Weekly Bitcoin News

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There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler’s organization. In other news, South Sudan has reportedly banned U.S. dollar transactions, and crypto-focused investment firm Pantera Capital says we’re in the next bull cycle. All this just below in the latest Bitcoin.com News Week in Review. Binance CEO Warns of…

African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops – Fintech Bitcoin News

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Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised a combined US$976,146,000 or 29.3% of the African continent’s total. Big Four’s Share Drops According to Disrupt’s 2022 African tech startup funding report, fintech startups were able to secure $1.45 billion in funding in the past year. The sector’s total capital…

Zambia Testing Technology to Regulate Cryptocurrency — Government Minister – Bitcoin News

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The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve. Achieving an Inclusive Digital Economy The Zambian central bank and the country’s Securities and Exchange Commission are in the process of “testing” technology to regulate cryptocurrencies, the country’s minister of Technology and Science, Felix Mutati, has said. In his remarks published on the ministry’s website, Mutati argued that Zambia…

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects – Bitcoin News

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On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and Astar to Co-Host Web3 Incubation Program Sony Network Communications, a subsidiary of Japanese technology giant Sony Group, announced Friday that the company is exploring ways to address industry issues using blockchain and Web3 technology. A…

Economist Warns the Fed Can’t Reach Inflation Target Without ‘Crushing’ US Economy – Economics Bitcoin News

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Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S. economy. “You need a higher stable inflation rate. Call it 3% to 4%,” the economist suggested. The Fed Could Crush US Economy, Economist Warns Economist Mohamed El-Erian warned on Friday that the Federal Reserve cannot achieve its inflation target of 2% without “crushing the economy.” El-Erian is president of Queens’ College, Cambridge University, and chair of Gramercy Funds Management. He is…

Robert Kiyosaki Warns About Stocks, Bonds, Mutual Funds — Says Bitcoin Best for ‘Unstable Times’ – Markets and Prices Bitcoin News

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that investing in a well-diversified portfolio of stocks, bonds, mutual funds, and exchange-traded funds (ETFs) is “very risky” advice. Kiyosaki stressed that gold, silver, and bitcoin are the best investments for “unstable times.” Robert Kiyosaki’s Investment Advice The author of Rich Dad Poor Dad, Robert Kiyosaki, gave some more investment advice this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times…

Bank of America, Goldman Sachs, JPMorgan, UBS Share Predictions About Further Fed Rate Hikes – Economics Bitcoin News

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Bank of America, Goldman Sachs, JPMorgan, and UBS have shared their predictions about the Federal Reserve raising interest rates further. Bank of America and Goldman Sachs, for example, now expect the Fed to raise interest rates three more times this year. Major Banks Predict More Fed Rate Hikes As the U.S. Federal Reserve continues its fight against inflation, several major banks — including Bank of America, Goldman Sachs, UBS, and JPMorgan — have shared their predictions about how much more the Fed will raise interest rates this year. Goldman Sachs…

Onecoin Cryptoqueen’s Ex-boyfriend Gets 5 Years in Prison – Bitcoin News

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A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which defrauded investors around the world. Ruja’s Former Boyfriend Sentenced for Money Laundering Linked to Onecoin Gilbert Armenta, the ex-boyfriend of crypto pyramid Onecoin’s founder Ruja Ignatova, has been sentenced in the United States, Bloomberg Law reported. According to court documents, he helped launder $300 million of proceeds from one of…

NFT Sales Surge Over 43% in Past Week, Topping $397 Million – Markets and Prices Bitcoin News

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Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions. NFT Sales Continue to Rise in 2023, Ethereum Dominates NFT Sales with 90% Market Share In the past week, sales of non-fungible tokens (NFTs) have surged, rising more than 43% higher than the previous week, according to statistics from cryptoslam.io. NFT sales totaled $397.86 million…

Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape – Bitcoin News

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The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and offer an optional creator earnings model with a minimum of 0.5% for all collections that do not use onchain enforcement. Opensea Drops Fees While Facing Tough Competition from Rivals Like Blur, Looksrare, and X2Y2 Opensea, the NFT marketplace, announced on Friday that it is dropping fees in response…