Speakers at the Bitcoin Amsterdam 2024 conference exposed how flawed academic studies on Bitcoin fuel misinformation, affect media coverage and lead to misguided policies. Source: https://cointelegraph.com/news/bitcoin-amsterdam-2024-misinformation-academia-media-regulations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Nigerian Fintech Okra Launches Cloud Unit to Boost Revenue
Nigerian fintech startup Okra has entered the cloud infrastructure market in West Africa with its new subsidiary, Nebula. The move aims to diversify revenue and mitigate economic risks. Nebula offers a more affordable alternative to global cloud providers and aligns with the government’s push for local cloud adoption. Despite facing challenges, Okra hopes Nebula will […] Source: https://news.bitcoin.com/nigerian-fintech-okra-launches-cloud-unit-to-boost-revenue/
Washington Investors Set to Reclaim Digital Currency in GS Partners Settlement
After over a year of negotiations, the Washington State Department of Financial Institutions (DFI) has joined a multi-state settlement agreement with GS Partners. Accused of violations under Washington’s Securities Act, the case centers on GS Partners’ Metacertificates and a multi-level marketing scheme. Investors can now submit claims through a newly established portal, opening in November […] Source: https://news.bitcoin.com/washington-investors-set-to-reclaim-digital-currency-in-gs-partners-settlement/
BTC price gains 'on horizon' as Bitcoin whales buy 1.5M BTC — Analysis
Bitcoin’s largest whales are in clear accumulation mode while speculators stage knee-jerk sell-offs at a loss. Source: https://cointelegraph.com/news/btc-price-gains-bitcoin-whales-buy-1-5-m-btc-analysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Stripe’s new stablecoin option gains traction in 70 countries on day 1
Stripe reintroduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand. Source: https://cointelegraph.com/news/stripe-stablecoin-payments-global-adoption-70-countries?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FTX user sues hedge fund over bankruptcy profits
Nikolas Gierczyk alleged that the hedge fund that bought his FTX claims refused to honor their agreement, which allows additional recovery for his funds. Source: https://cointelegraph.com/news/ftx-customer-sues-hedge-fund-over-claims?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethiopia Boosts Bitcoin Mining Power Allocation to 600 MW
Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power consumption. Ethiopia to Expand Bitcoin Mining Power Allocation Ethiopia has reportedly […] Source: https://news.bitcoin.com/ethiopia-boosts-bitcoin-mining-power-allocation-to-600-mw/
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and the addition of new members like Saudi Arabia, Iran, and the […] Source: https://news.bitcoin.com/brics-nations-set-for-4-4-growth-in-2024-2025-outpacing-g7-economies/
Tesla Reveals Autonomous Robotaxi and Robovan, Plans 2025 Self-Driving Launch
CEO Elon Musk unveiled Tesla’s new line of self-driving vehicles, including its new Robotaxi and Robovan, with more than a million people tuning into the company’s We, Robot event. “One of the things that we want to do, and we’ve seen this with the Cybertruck,” Musk said Thursday night during the company’s event at Warner Brother Studios in Los Angeles.…
AI deepfake tool on ‘new level’ at bypassing crypto exchange KYC: Report
The new AI-powered tool, customized specifically to target crypto exchanges and financial platforms represents “a new level of sophistication” in fraud, says cybersecurity firm Cato. Source: https://cointelegraph.com/news/ai-deepfake-tool-crypto-exchange-kyc-cato-networks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound