Tag: News

‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’ – Interview Bitcoin News

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The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startups have dominated the continent in terms of funds raised or the number of transactions performed. Nigeria’s Burgeoning Fintech Scene This dominance has convinced VCs to pour tens of millions of dollars into different Nigerian fintech projects. In fact, a few fintech startups that originated in Nigeria, the continent’s most populous country, have managed to secure funding in excess…

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals – Exchanges Bitcoin News

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Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported. The company suggested that these customers withdraw…

Credibility Concerns — Gallop Poll Shows Fed Chair’s Confidence Ratings Slid by Double Digits – News Bitcoin News

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According to a Gallop poll published on May 2, the public’s confidence in America’s current economic leaders has been deteriorating. Confidence in U.S. president Joe Biden managing the U.S. economy has dropped from 57% to 40%, and faith in Federal Reserve chair Jerome Powell has faltered from 55% to 43%. The April 2022 Gallop poll, published amid the highest inflationary pressure the country has seen in decades, indicates trust in economic leaders is at its lowest point since 2008. Americans Are Not Confident in Current Leaders Managing the Economy After…

SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud Scheme The US Securities and Exchange Commission (SEC) announced Friday that it has halted a fraudulent crypto mining and trading scheme. The SEC charged MCC International (aka Mining Capital Coin), its founders (Luiz Carlos Capuci…

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days – Defi Bitcoin News

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The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days. Defi Protocols Shed Considerable Value Decentralized finance (defi) protocols have lost lots of value during the last month, as 17.77% has been shaved off the TVL in defi since April 8, 2022. The largest defi protocol, in terms of TVL size, Curve Finance,…

Nicehash Software ‘Fully Unlocks’ Nvidia’s Hashrate Reducing Technology – Mining Bitcoin News

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On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (GPUs). Nicehash says the firm’s Quickminer mining software is the first protocol that can unlock LHR GPU cards by 100%. Nicehash Says Software Is the First to Fully Crack Nvidia’s Lite Hash Rate Technology According to the digital currency mining platform Nicehash, the firm has developed software that completely unlocks Nvidia’s Lite Hash Rate-brand GPUs. “Nicehash has successfully unleashed the locked computing power for millions of people worldwide,” the company…

Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year – Market Updates Bitcoin News

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Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today, Meme Coin Value Is Down 82% Since That Point Meme coin assets are down this week following the rest of the crypto economy’s downward spiral. Statistics show that dogecoin (DOGE) has shed 14% in value…

Bitcoin, Ethereum Down 50% From All-Time Highs — Billions Leave Crypto Economy – Market Updates Bitcoin News

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The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower Against the US Dollar, 39% Down in 30 Days Digital currency markets have been in the red during the last few weeks, as a great number of crypto assets have seen significant percentage losses. During the last 24 hours, the crypto economy has shed 3.6% against…

Joe Rogan Says Bitcoin Is ‘Freaking Out’ Government, the Latest on Inflation, and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News

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Another whirlwind week in crypto draws to a close, and of course there’s no shortage of spicy stories and new, compelling narratives in the world of innovative digital money. This week, Elon Musk gives investment advice, United States Securities and Exchange Commission chair Gary Gensler catches flack from SEC commissioner Hester Peirce, and Joe Rogan calls bitcoin a viable currency, noting that it’s got the government “freaking out.” Buckle up and look lively, this is the Bitcoin.com News Week in Review. Joe Rogan: Bitcoin Is Now a Viable Currency and…

LBank and Adanian Labs Kickstarts a ‘Crypto Accelerator Program’ in Kenya – Press release Bitcoin News

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press release PRESS RELEASE. The blockchain ecosystem is growing exponentially. It has brought prosperity to most African countries by creating wealth for individuals and fast economic growth for their people. However, many believe that the region is yet to tap into its full potential, that is, leveraging blockchain technology to build a solid ecosystem. As a result, there has been an increasing global interest in Africa recently, with many prominent investors and companies looking to invest in this promising continent. LBank has set up shop in various locations across Africa…