The hardware cryptocurrency wallet firm Trezor has continued its efforts to promote Bitcoin (BTC) education globally by launching a new educational initiative in Africa. The Trezor Academy was officially launched at the Trezor-backed Africa Bitcoin Conference in Ghana’s capital of Accra on Dec. 4, the firm announced to Cointelegraph. The academy is an educational program focused on spreading Bitcoin knowledge in…
Two brothers, responsible for the theft of $8.5 million from decentralized finance (DeFi) protocol Platypus, were allowed to walk free with no repercussions by a French court. On Feb. 16, hackers managed to drain and move $8.5 million from Platypus through a flash loan attack, forcing the protocol to suspend trading services until a resolution was found. Initial investigations identified…
Bitcoin’s upward trajectory continued on Monday, with the cryptocurrency surging past $41,700 hours after hitting $40,000 on Sunday afternoon. Per data from CoinGecko, the price of Bitcoin currently stands at just over $41,600, up 5.6% on the day and over 11% on the week. Just one year ago, Bitcoin’s price stood at just under $17,000, with the cryptocurrency surging by…
The pharmaceutical company that developed one of the vaccines for COVID-19, AstraZeneca, will partner with a United States-based Artificial Intelligence (AI) biologics firm, Absci, to design an antibody for cancer. According to a Financial Times report on Dec. 3, AstraZeneca will invest up to $247 million in research and development, milestone payments and an upfront fee for Absci. The collaboration…
Bitcoin (BTC) starts the first week of December looking better than it has since early 2022 — at over $40,000. BTC price action is delighting bulls already as the month begins, with the weekly close providing the first trip above the $40,000 mark since April last year. Shorts are getting wiped and liquidity taken as the bull run sees its…
South Africa’s principal financial regulator, the Financial Sector Conduct Authority (FSCA), reviewed 128 applications from crypto service asset providers (CASPs) but intends to discuss only 36 during its next meeting in December. The numbers were published on Nov. 30 by the South African news outlet My Broadband. According to the publication, the FSCA plans to review 36 licensees’ presentations at…
Financial regulators in South Korea released an update on Dec. 4 asking users to report any unlicensed cryptocurrency exchanges offering services to users in the region. The Digital Asset Exchange Association (DAXA) and the Financial Intelligence Unit (FIU) of South Korea collaborated on the initiative. DAXA includes five of the major virtual asset exchanges operating in the country, such as…
Bitcoin (BTC), the original cryptocurrency, is gaining momentum versus global big-cap stocks as it overtakes the market value of American conglomerate holding company Berkshire Hathaway. BTC market cap has risen above $800 billion on Dec. 4, after nudging past billionaire investor Warren Buffet’s company on Dec. 3. BTC market cap has risen above $800 billion on Dec. 4, after nudging…
Crypto trading can be a tough task. Not only will you have to face all the challenges associated with regular trading, you will also have to battle the additional volatility present in the crypto market. Reversal candlestick patterns are one of the principal tools that a trader can use. These patterns can help identify bullish and bearish reversals in the…
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to carry out further consultative work to determine the benefits of launching a digital pound. The groundwork and tests related to the launch of a central bank digital currency (CBDC) incurred significant costs for the Bank of England and Treasury, according to a House…
