Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs
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Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and “corruption,” executives told Cointelegraph. Speaking to Cointelegraph, Chris Maurice, founder and CEO of Yellow Card — Africa’s largest cryptocurrency exchange — said crypto in Africa “is growing at the speed of…

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U.S. House committee chairs, Blockchain Association turn up heat on SEC head Gensler
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U.S. House committee chairs, Blockchain Association turn up heat on SEC head Gensler

Three committee chairs in United States House of Representatives have sent a letter to U.S. Securities and Exchange Commission (SEC) chair Gary Gensler demanding a more satisfactory response to their November 1 letter regarding the SEC chairman’s and the agency’s compliance with recordkeeping requirements.  Judiciary Committee chair Jim Jordan, Oversight Committee chair James Comer and Financial Services Committee chair Patrick…

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Coinbase's Ethereum Layer-2 Network Base Preps for Mainnet Launch
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Coinbase’s Ethereum Layer-2 Network Base Preps for Mainnet Launch

As Coinbase’s Ethereum layer-2 network Base draws closer to a mainnet launch, the cryptocurrency exchange said Wednesday its technology has been extensively vetted by security researchers. More than 100 people recently pored over the network’s code as part of an audit contest, Coinbase said in a blog post. And across various parts of the network’s architecture, experts couldn’t find any…

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Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year
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Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year

Asset manager Fidelity Investments has filed an application for a spot Bitcoin exchange-traded fund (ETF), according to a filing by Cboe BZX Exchange with the United States Securities and Exchange Commission (SEC) dated June 19.  Fidelity’s application follows BlackRock’s spot Bitcoin ETF application on June 15 and those of WisdomTree, Invesco and Valkyrie in the following days. According to Bloomberg, seven…

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"Sam Bankman-fried really hurt the industry" — Anthony Scaramucci
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“Sam Bankman-fried really hurt the industry” — Anthony Scaramucci

During a panel at Collision 2023 in Toronto, Canada, Anthony Scaramucci, former White House Communications Director, and founder of Skybridge Capital, stated that disgraced crypto executive Sam Bankman-Fried “really hurt the industry in the United States from a regulatory perspective.” Scaramucci continued: “He embarrassed the politicians; he gave a lot of money to them. They spent a lot of time…

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CME Group set to introduce ETH to BTC Ratio futures
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CME Group set to introduce ETH to BTC Ratio futures

On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures, launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup) June 29, 2023 According to…

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