News

FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse

September 11, 2023 0

The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial distress

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Bitcoin, Ethereum Technical Analysis: ETH Below $1,600 Ahead of Key US Economic Releases

September 11, 2023 0

Ethereum has started the week below $1,600, as markets appeared to be awaiting the release of several key data points from the United States. After a quiet week, the coming days will see the latest inflation, retail sales, and consumer sentiment figures released. Bitcoin remained lower on Monday. Bitcoin Bitcoin started yet another week trading […]

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Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding

September 11, 2023 0

The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse on Nestcoin The Nigerian Web3 startup Nestcoin recently secured $1.9 million via a […]

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Environmentalists Rally Against Crypto Mining Facility Renewal in New York, Citing Climate Concerns

September 11, 2023 0

Environmental advocates are redoubling their efforts to persuade New York officials to decline an air permit renewal for a cryptocurrency mining facility in North Tonawanda. They assert that the operation imperils residents’ quality of life and undermines the state’s climate objectives, as per a report by Mark Scheer for the Niagara Gazette. Battle Brews Over […]

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#BitgetTurns5 – In Every Era, There Are Those That Look Towards the Stars

September 11, 2023 0

Bitget marked its 5th anniversary today, reflecting on a relentless journey of progress. In an open letter, Managing Director Gracy Chen credits the team’s dedication and users’ support for achievements, and shares some insights. Below are some key takeaways from the open letter: – Marathon Runner’s Approach: Bitget prioritizes user-friendly, secure tools, focusing on

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A Look at the Online Safety Bill and How It Might Affect Privacy in the UK

September 11, 2023 0

The Online Safety Bill, a piece of legislation that seeks assurances to keep some sites free of illegal and harmful content for U.K. jurisdiction, is facing opposition from tech and messaging giants due to its possible effects on privacy and encryption. The bill introduces clauses allowing the government to force messaging companies to scan user […]

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Latam Insights: El Salvador Launches Pilot to Introduce Bitcoin Content in Schools, Bitso Teams up With Despegar in Argentina

September 11, 2023 0

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador launches a pilot to add Bitcoin content to school curriculums, Bitso announces a partnership with Despegar in a cashout program, and Uruguay and Argentina revamp a bilateral local currency-based payment system. […]

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What is Monero? A Brief History of the World’s Top Privacy Coin

September 11, 2023 0

Monero currently occupies the foremost position among privacy cryptocurrencies in terms of market capitalization. The following Learning and Insights explainer briefly delves into the origins and development of Monero (XMR), emphasizing its distinctive features, such as anonymous transactions and untraceable payments, that set it apart from its peers. The Genesis of

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G20 Leaders Endorse FSB Recommendations for Crypto Regulation

September 11, 2023 0

The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed several reports by standard-setting organizations. The G20 leaders emphasized

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India’s Central Bank Digital Currency Has 1.5M Users, 300K Merchants, Says RBI Chief

September 11, 2023 0

Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In addition, over 300,000 merchants are currently accepting payments in digital rupees, and the pilot is being operated through 13 banks in 26 cities. RBI Governor’s Digital Rupee Update Reserve Bank of […]