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Study: Sub-Saharan Africa’s Bitcoin Transaction Volume Number One Globally, Data Indicates Shift Towards Stablecoins

September 23, 2023 0

Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa’s BTC share outranks all

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Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer

September 23, 2023 0

Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The collapse of FTX and Terra Luna in 2022 and the resulting bear market may have helped to remove barriers to […]

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Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case

September 23, 2023 0

Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to the wallet controlled by the Hungarian tax authority. Crypto Seized in Tax Fraud

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Coinshares Unveils New Crypto Hedge Fund Division, Widens Institutional Services to US

September 23, 2023 0

Coinshares, a European digital asset manager, is moving into the U.S. with a new hedge fund division aimed at institutional investors. The firm, based in Saint Helier, Jersey, intends to offer comprehensive services for institutions exploring crypto assets. Coinshares Expands to U.S. With New Hedge Fund Division The company revealed its new branch, Coinshares Hedge […]

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VC Katie Haun Says It’s a ‘Really Good Time’ to Be Investing in Crypto — Criticizes SEC’s Regulatory Approach

September 23, 2023 0

Venture capitalist Katie Haun is optimistic about the future of crypto. “It’s a really good time to be investing in this space during this down market,” she said. “I have actually never felt that in prior cycles, crypto was more inevitable than in this cycle, and this is the fourth cycle I’ve been in crypto,” […]

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Binance Seeks Dismissal of SEC Lawsuit — Claims SEC ‘Distorts’ Securities Laws to Gain Power Over Crypto Industry

September 23, 2023 0

Crypto exchange Binance and its CEO Changpeng Zhao (CZ) have filed a motion to dismiss the lawsuit against them by the U.S. Securities and Exchange Commission (SEC). “It is clear that the SEC’s lawsuit has no foundation in the currently enacted securities laws,” they argued, alleging: “In attempting to claim regulatory power over the crypto […]

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UK Online Safety Bill to Become Law Amidst Heavy Criticism From Civil Liberties Organizations

September 23, 2023 0

The U.K. Online Safety Bill, a piece of legislation that seeks to make the country “the safest place in the world to be online,” has been signed by both houses of parliament and will become law soon. Several civil liberties organizations and activists have criticized it due to its possible effects on online privacy and […]

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Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech

September 23, 2023 0

According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt and Northern Data’s Peak Mining Strike $150M Deal, Focus on […]

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US House Committee Passes CBDC Anti-Surveillance State Act With Support of 60 Congress Members

September 23, 2023 0

The U.S. House Financial Services Committee has passed the CBDC Anti-Surveillance State Act, the first anti-central bank digital currency legislative effort introduced in the United States. Congressman Tom Emmer detailed that the bill halts the efforts of the Biden administration “from issuing a financial surveillance tool that will undermine the American way of life.”

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$250,000 Klever Blockchain Hackathon Open for Applications

September 22, 2023 0

PRESS RELEASE. Switzerland – Date: 22nd September 2023. Venue: Online at Klever Hackathon Portal Event Overview: Klever.org is taking the lead in the evolution of blockchain technology. Inviting developers globally, we’re hosting the Klever Hackathon 2023, an event poised to be a watershed in decentralized ecosystem innovation. Event Details: Phase One: Competition Reward: