Crypto
Crypto

Mobile wallet, crypto, CBDC threaten cash dominance in Nigeria, others | The Guardian Nigeria News

A report on the changing trends in the payment system identified cryptocurrency adoption, the introduction of central bank digital currencies (CBDCs) and the popularity of mobile wallets as major threats to the dominance of cash in African business transactions. The report by Cellulant said the dominance of cash is being challenged by several exciting trends […]

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Crypto

Bitcoin, Ethereum, Dogecoin Spike Despite Crypto Exchange Shutdown After SEC Lawsuit: Analyst Says Apex Crypto Has ‘Plenty Of Room To Grow’

Major coins traded in the green on Wednesday despite the Commodity Futures Commission, or CFTC, lawsuit against cryptocurrency exchange Binance. Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST) Bitcoin BTC/USD +3.51% $28,330 Ethereum ETH/USD +0.66% $1,791 […]

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Crypto

Software company matches FTX offer before crypto bust

The Miami Heat would play in the Kaseya Center under a proposed $117 million naming-rights agreement with a booming software company headquartered in the city’s Brickell Avenue district, according to a proposal released Wednesday evening by county Mayor Daniella Levine Cava. If approved by Miami-Dade County commissioners next week, the 17-year agreement would mostly match […]

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Crypto

This Chart Says Bitcoin Is A Leading Indicator For Inflation

Pumped golden balloon shaped of bitcoin sign with the growing bar graph on the pink wall. (3d render) A new price chart comparing Bitcoin (BTCUSD) with the US Consumer Price Index (CPI) could suggest that BTC is a leading indicator for inflation.  And if what the chart signals is accurate, inflation could be coming back in […]

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Crypto

Gensler Urges Congress To Increase Funding For SEC To Investigate Cryptocurrency Issues

U.S. SEC Chair Gary Gensler described the crypto markets as the “Wild West” on Wednesday, and called for more employees to enforce the nascent industry, which he claims is rife with non-compliance. Speaking at a hearing before the Subcommittee on Financial Services and General Government, Gensler noted the rapid growth and change in the markets, […]

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Crypto

Column: Crypto collective token holders must face users’ claims under California law

(Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) It just got a little bit easier for blockchain protocol users to tag crypto collectives with responsibility for their losses. In a first-of-its-kind decision on Monday, U.S. District Judge Larry Burns of San Diego held that bZx DAO, a decentralized […]

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Crypto

SEC charges Beaxy cryptocurrency platform for violating securities laws

Securities and Exchange Commission (SEC) has charged crypto asset trading platform Beaxy.com and its executives for failing to register as a national securities exchange, broker, and clearing agency. The company’s founder, Artak Hamazaspyan, and a company he controlled, Beaxy Digital, were also charged with raising $8 million in an unregistered offering of Beaxy tokens (BXY), […]

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Crypto

Colorado ranks highly for interest in cryptocurrency trading

(AP Photo/Kin Cheung, File) DENVER (KDVR) — Colorado’s interest in cryptocurrency trading is some of the nation’s highest. Cryptocurrency trading is much like other stock, commodities or currency trading – buying and selling digital currencies such as Bitcoin, Ethereum, or Litecoin, on cryptocurrency exchanges or other trading platforms. Traders generate massive gains or losses based […]

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Crypto

SEC seeks $2.4 billion budget for FY2024, highlights risks in crypto

Published: March 29, 2023 at 2:30 p.m. ET Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said he is supporting president Biden’s request of a $2.4 billion budget for the agency in the fiscal year of 2024, partly to add an additional 170 positions. The SEC is seeking the funding to deal with […]

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Crypto

Bitcoin Eats More Energy Than Ever. Rising Crypto Prices Aren’t All Good.

Investors have cheered a jump in cryptocurrency prices this year, but the rally is spurring more transactions and may be luring more crypto miners into the fray—just as signs point to the environmental impact of Bitcoin surging to a record high. Bitcoin miners stand at the heart of a process called “proof of work,” which […]

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