Commissioners Peirce and Uyeda criticize SEC’s approach to crypto after ShapeShift case - African News - News

Commissioners Peirce and Uyeda criticize SEC’s approach to crypto after ShapeShift case

SEC’s Enforcement Action Against ShapeShift: A Continuation of the Regulatory Ambiguity in the Cryptocurrency Industry The Securities and Exchange Commission (SEC) has taken a significant step by initiating an enforcement action against the cryptocurrency firm ShapeShift. The SEC alleges that ShapeShift operated as an unregistered securities dealer, and this move is in line with the…

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Why was Sam Altman’s Worldcoin banned in Spain? - African News - News

Why was Sam Altman’s Worldcoin banned in Spain?

Spain Imposes Ban on worldcoin’s Unique Data Collection Method: The Orb worldcoin, the cryptocurrency project co-founded by Sam Altman, Max Novendstern, and Alex Blania in 2019, has encountered a significant hurdle with Spain’s data protection watchdog, AEPD. The regulator demanded an immediate halt to the collection and utilization of personal data gathered through worldcoin’s distinctive…

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Fed’s Jerome Powell addresses Congress, hints at policy adjustment - African News - News

Fed’s Jerome Powell addresses Congress, hints at policy adjustment

Jerome Powell’s Semiannual Monetary Policy Report: A Peek into the Federal Reserve’s Economic Strategy Jerome Powell, the esteemed Chair of the Federal Reserve, recently graced Congress with his presence to present the central bank’s Semiannual Monetary Policy Report. Powell, a man of few but meaningful words, shared some intriguing insights into the Federal Reserve’s economic…

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MicroStrategy boosts convertible note sale to $700M amid crypto boom - African News - News

MicroStrategy boosts convertible note sale to $700M amid crypto boom

MicroStrategy’s Ambitious Plan to Capitalize on the Cryptocurrency Bull Market: Increasing Convertible Notes Sale from $600 Million to $700 Million MicroStrategy, a leading business intelligence company, has recently announced its intention to expand the sale of convertible notes from an initial $600 million to $700 million. The motivation behind this decision is to take full…

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Fake-steady U.S. economy deters interest rate cuts – What to expect - African News - News

Fake-steady U.S. economy deters interest rate cuts – What to expect

Revised Economic Forecasts and the Federal Reserve: Navigating a Brighter Path for the U.S. Economy The financial news landscape is currently dominated by the Federal Reserve and the resilience of the U.S. economy, sparking a wave of revised economic forecasts and reshaping expectations for interest rate policies in the near future. Following recent strong economic…

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UK regulation to accommodate stablecoins and CBDCs - African News - News

UK regulation to accommodate stablecoins and CBDCs

The United Kingdom’s Proactive Approach to Crypto Regulation: Embracing Innovation and Ensuring Financial Stability The cryptocurrency market, stablecoins, and central bank digital currencies (CBDCs) are experiencing exponential growth, and the United Kingdom is making significant strides towards establishing a comprehensive regulatory framework to accommodate these innovative financial instruments. Varun Paul, who previously served at the…

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Arizona Senate pushes for Bitcoin ETF inclusion in state retirement funds - African News - News

Arizona Senate pushes for Bitcoin ETF inclusion in state retirement funds

The Arizona State Senate has taken a significant step towards evaluating the potential integration of bitcoin Exchange-Traded Funds (ETFs) into the retirement funds managed by the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). The resolution, which passed with a 16-13 vote, was introduced by Republican State Senator Wendy Rogers…

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Cryptocurrency hackers net $360 million in February - African News - News

Cryptocurrency hackers net $360 million in February

February 2023: A Record-Breaking Month for Cryptocurrency Hacks The cryptocurrency market faced a tumultuous beginning to the year as hackers successfully executed 21 attacks, resulting in staggering losses totaling over $360 million. This represents a near-doubling of the amount stolen in the preceding month of January. Playdapp’s Devastating Breach: $290 Million Losses Among the most…

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Singapore welcomes Bitstamp into its regulated crypto sphere - African News - News

Singapore welcomes Bitstamp into its regulated crypto sphere

bitcoin-etf-approval/” target=”_blank” rel=”noopener”>Bitstamp, a prominent name in the crypto trading world, has recently announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution within the city-state. This significant milestone represents a pivotal step towards Bitstamp’s objective of providing digital payment token services in Singapore…

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Grayscale debuts active crypto-staking income fund - African News - News

Grayscale debuts active crypto-staking income fund

crypto-staking/” target=”_blank” rel=”noopener”>Grayscale, a prominent digital asset management firm, recently unveiled its latest offering: the Grayscale Dynamic Income Fund (GDIF). This groundbreaking fund represents an innovative approach to crypto investing, enabling investors to tap into the potential of cryptocurrency staking. The earnings generated from this activity are planned to be distributed back to investors quarterly…

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Bitcoin Ordinals continue to garner attention in the NFT space - African News - News

Bitcoin Ordinals continue to garner attention in the NFT space

The recent surge in demand for Non-Fungible Tokens (NFTs), with a particular focus on bitcoin Ordinals, has significantly impacted the NFT marketplace landscape. Magic Eden, a leading NFT platform, has emerged as a prominent player in this dynamic environment, attributable to its strategic support for bitcoin Ordinals. The Role of bitcoin Ordinals in the NFT…

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Shiba Inu surges 52%: Whale moves $41 million SHIB - African News - News

Shiba Inu surges 52%: Whale moves $41 million SHIB

The Remarkable Price Surge of Shiba Inu (shib) and a Gargantuan Transaction: Shiba Inu (shib), the popular digital asset, has witnessed an extraordinary price surge, with a notable transaction involving a mysterious entity adding fuel to the hype. According to on-chain data, a previously unknown account has transferred an astounding 1.25 trillion shib, equivalent to…

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Bitcoin ETFs on the horizon for South Korea as BTC nears peak - African News - News

Bitcoin ETFs on the horizon for South Korea as BTC nears peak

South Korea’s Presidential Office Urges Evaluation of Allowing Spot bitcoin (btc) Exchange-Traded Funds (ETFs) The Office of the President of South Korea has recently urged the country’s financial watchdog, the Financial Services Commission (FSC), to evaluate the prospect of allowing spot bitcoin Exchange-Traded Funds (ETFs) for trading within the nation. This call for reconsideration comes…

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