The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will ...
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Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force – Mining Bitcoin News
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A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will ...
Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program
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Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of ...
US Feds put together ‘FTX task force’ to trace stolen user funds
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The United States Attorney’s Office for the Southern District of New York (SDNY) has formed an FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to the exchange’s collapse. The announcement ...
Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
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Nigeria has drastically reduced the amount of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s Central Bank Digital Currency (CBDC). The Central Bank of ...
Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’ – Bitcoin News
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“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct ...
FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves – Bitcoin News
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On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January ...
Crypto Council for Innovation poll sees crypto voters as a force to be reckoned with
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A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact the outcome of the United States midterm elections. Significant numbers of voters are well-disposed toward crypto and want to see ...
How a Trezor Wallet Passphrase Taking a Lifetime to Brute Force Was Cracked by KeychainX Experts in 24 Hours – Sponsored Bitcoin News
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sponsored Have you lost the passphrase for an hardware wallet and looking how to recover your coins? Here is how the KeychainX recovery experts have done just that for a client. This is a trusted service provider that specializes in ...
GoCardless and Plaid Gear Up for VRPs as the CMA’s Mandate Comes Into Force This Weekend
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GoCardless, a provider of direct bank payments, and the open banking platform Plaid have both introduced separate variable recurring payments (VRP) offerings, which is set to enable developers and financial service providers to prepare for VRPs as the Competition and Markets ...