Category: Cryptocurrency

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Worldcoin Kenya Controversy: Cabinet Secretary Blasted for Inconsistent Statements About Project’s License Status

October 3, 2023

A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the African country has reportedly censured a government official over his inconsistent statements about Worldcoin’s license status. The committee also said it found that Worldcoin’s “Orbs” were not approved by the Communications Authority of Kenya as required by law. Worldcoin Allegedly Operated Without a License…
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Bank of Russia Digital Ruble Pilot Update: ‘Everything Going as Planned’

October 3, 2023

The Bank of Russia offered an update about the state of the digital ruble, the Russian central bank digital currency (CBDC), which is currently in a nationwide pilot. Elvira Nabiullina, governor of the Bank of Russia, stated that the pilot was “going as planned” and that more participants and use cases would be added next…
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Report: Victims of South African BTC Scam Set to Receive Portion of Invested Funds

October 3, 2023

Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected investors while the process itself is expected to last between two and…
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SEC and 5 Other US Regulators Issue Crypto Investment Warnings

October 3, 2023

The U.S. Securities and Exchange Commission (SEC) and several other top financial regulators have issued several warnings regarding investing in crypto assets as part of this year’s World Investor Week. “The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant,” the regulators stressed. Crypto Warnings…
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UK Government Urged to Review Chase Bank’s Policy to Decline Crypto Payments

October 3, 2023

Bitcoin Policy UK has urged the British government to review Chase Bank’s policy to decline all crypto payments. “It is, of course, the stated policy of this Government that the U.K. become a crypto asset hub, but it is hard to square this policy aim with the actions of this U.K.-regulated bank,” the crypto advocacy…
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Coinbase Obtains License From Singapore’s Central Bank — Crypto Exchange Sees Singapore as ‘a Vital Market’

October 3, 2023

The Nasdaq-listed crypto exchange Coinbase has obtained a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), to provide services to both individuals and institutions. “We’ve identified Singapore as a vital market for Coinbase,” the crypto exchange emphasized. “The nation’s progressive economic strategies and approach to regulation sync well with our global mission…
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Best Crypto to Buy Now October 2 – THORChain, BitcoinSV, Polygon

October 3, 2023

Fueled by renewed optimism, Bitcoin briefly rallied back above $28,000 on Monday for the first time since August. But the largest cryptocurrency has since pared those gains, dipping to $27,758 as of writing, down 0.85% so far today. While Bitcoin saw an approximate 6% spike over the past 48 hours, peaking around $28,597, it has…
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Crypto Crisis Imminent, Warns Bloomberg’s Mike McGlone, Despite Bitcoin’s Surge To $28,000

October 3, 2023

On October 2, Mike McGlone, Commodity Strategist at Bloomberg, took to social media X (formerly known as Twitter) to express his concerns about the state of the crypto market.  Despite Bitcoin’s (BTC) recent rise, McGlone highlighted a disturbing trend and raised the possibility of a cryptocurrency recession. Factors Behind Crypto Market’s Recession Risk McGlone pointed…
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Biggest Movers: BCH Races to 2-Month High, SOL Nears $25

October 2, 2023

Bitcoin cash rose to a multi-month high to start the week, as traders pushed the cryptocurrency above a key resistance level. The move came on the heels of the “Uptober” trend, and ahead of a big week of U.S. economic data, headlined by the nonfarm payrolls report. Solana rose to its highest level since mid-August.…
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‘Big Short’ Author Reveals Sam Bankman-Fried’s ‘Gamified’ Saga in Latest Tell-All

October 2, 2023

This week, the renowned writer of “The Big Short,” Michael Lewis, has embarked on an extensive promotional campaign for his latest literary endeavor, chronicling the turbulent odyssey of Sam Bankman-Fried, the beleaguered co-founder and former CEO of FTX. Dubbed “Going Infinite: The Rise and Fall of a New Tycoon,” the tome delves into various chapters…
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