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Cryptocurrency News

Location American Cryptocurrency News for 24 August 2024
China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to loca...
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Telegram CEO Pavel Durov Arrested in France: TON Price Plummets Pavel Durov, founder and CEO of Telegram, has reportedly been arrested at Le Bourget airport in France under a search warrant issued by the French judicial police. The arrest follows accusations that Telegram facilitates...
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Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collabo...
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AWS CEO Predicts AI to Transform Software Developer Roles In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take ...
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Bitcoin's Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an �...
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Data Shows Bitcoin Mining Giants Foundry and Antpool Seize 56.7% of Network's Hashrate In the last three days, Foundry USA and Antpool have emerged as the leading forces in bitcoin mining, together controlling a whopping 56.7% of the network’s total hashrate. Since the year began, Foundry's hashrate has ...
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Wazirx Defends Restructuring Decision -- Founder Assures 'Not Bankruptcy or Liquidation' Indian crypto exchange Wazirx has defended its restructuring strategy in response to the July 18 cyberattack that led to the theft of over $230 million. The company emphasized that this approach is the quickest and most ...
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Polygon's Discord Channel Hacked; Admins Regain Control Amid Security Concerns Polygon’s community Discord channel was compromised in a recent cyberattack, raising security concerns among users. The platform’s administrators have regained control and are working to restore the channel to its or...
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NFT Sales Soar 24% as Ethereum Takes the Lead This Week Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with...
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Whatever happened to the 10 biggest projects from the ICO era? Projects that raised millions in the ICO era have struggled to gain traction.
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Kraken Crypto Exchange Operator Fined by Australian Court The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a req...
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Hong Kong's Bitcoin ETFs reach HK$2B milestone, led by OSL For Hong Kong to truly compete on the global stage, it will need to attract more significant inflows and broader participation from both retail and institutional investors.
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Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company's commitment to bolstering its co...
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AI Coding Tool Cursor Raises $60 Million at a $400 Million Valuation Cursor, an artificial intelligence (AI) company that seeks to “create a magical tool with the aim of writing all of the world’s software,” has announced it has raised $60 million in its Series A funding round. The ...
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India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release betw...
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US, African Nations Discuss Responsible AI Use in Military Applications The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries...
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Nigerian Firms Forecast Further Naira Depreciation

Bitcoin.com - 24 Aug 2024 04:30
Nigerian Firms Forecast Further Naira Depreciation A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into th...
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Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost Payments The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its P...
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Bitcoin Blasts to $64,853--Powell's Rate Cut Hints Lift Entire Crypto Market Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocu...
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