Blockchain News Technology

DPA Token (DPAT) and Blockchain Technology: The Key to Unlocking Africa’s Economic Potential

Coins Legend February 14, 2023 0

PRESS RELEASE. For foreign investors who have always wanted to diversify their portfolio with African assets but have been held back by security and transparency, this might be a game-changer. Africa is a continent that is rich with potential and opportunity. However, due to prolonged periods

News

Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya

Coins Legend February 14, 2023 0

According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm had “instituted a number of changes over the past year […]

News

Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions

Coins Legend February 14, 2023 0

According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated

Finance News

UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives

Coins Legend February 14, 2023 0

On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital currency (CBDC) designed to address both cross-border payments and domestic […]

News Technology

Meta Reportedly Preparing for a New Round of Layoffs

Coins Legend February 14, 2023 0

Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output of employees of the company. Meta to […]

News Regulation

India Having ‘Detailed Discussions’ With G20 Members on Crypto Regulation

Coins Legend February 14, 2023 0

India is having “detailed discussions” with other G20 members about forming a collective standard operating procedure (SOP) to regulate crypto assets, Indian Finance Minister Nirmala Sitharaman has revealed. She also called for “a globally coordinated approach on the regulation of crypto assets” during her recent meeting with International Monetary Fund (IMF) Managing

News

At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region

Coins Legend February 14, 2023 0

Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto Miners Sued in Irkutsk for Extracting Digital […]

Bitcoin News

Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs

Coins Legend February 13, 2023 0

Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest Mining Expansion Bitcoin mining company, Iris Energy, announced plans to […]

News

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

Coins Legend February 13, 2023 0

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD […]

Exchanges News

Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security

Coins Legend February 13, 2023 0

Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against Paxos and BUSD Following […]