The government formed a working group to draft crypto rules because of concerns that Kenya lacks a framework for regulating the cryptocurrency industry. The nation’s authorities in East Africa are optimistic that the legislation that have been passed will name a single regulatory agency to supervise the cryptocurrency sector. Kenyan Financial System Is Threatened by … Read more
Three important witnesses who had early contacts with the developer of Bitcoin, Satoshi Nakamoto, have testified in the ongoing dispute between Craig Wright and the Crypto Open Patent Alliance (COPA). Among them were Mike Hearn and Martti Malmi, two of the original Bitcoin engineers, and Adam Back, the man behind Hashcash, the proof-of-work (PoW) algorithm … Read more
In the last few years, cryptocurrency has become a prominent participant in the financial markets, vying for a spot in the portfolios of numerous investors. It can be difficult for those who are new to the cryptocurrency market to understand the present situation of the sector and make wise decisions, though. We’ve selected a few … Read more
On Thursday, February 22, the total crypto price chart showed primarily negative values. The cryptocurrency known as bitcoin, which has been soaring in value lately, fell 1.24 percent on Thursday. The value of Bitcoin was $51,392 (about Rs. 42.6 lakh) at the time of publication. The value of Bitcoin has decreased by $605 (about Rs. … Read more
Tom Lee, head of research at Fundstrat, has reiterated his forecast for the price of bitcoin to reach $15,000. He believes that the cryptocurrency may hit that mark this year. He gave three main justifications for his optimistic price prediction. Referring to bitcoin as “sound money,” he highlighted its extreme security, potential as a risk … Read more
As the cryptocurrency market experiences ups and downs, the price of bitcoin on February 21, 2024, is a reflection of the intricate interactions between several market factors. With prices fluctuating between $50,820 and $52,902 over the course of a day, the top cryptocurrency is still seeing a lot of trading activity. With a market valuation … Read more
Bitget, one of the top 15 cryptocurrency exchanges, wants to get more traction in Latin America, where Bitso and Binance have long held a dominant position. The growth director for Bitget in Latam, Maximiliano Hinz, thinks the exchange can set itself apart by giving novice investors resources like its copy-trading option. Bitget wants to become … Read more
The U.S.-based cryptocurrency exchange Coinbase, through Coinbase Commerce, has discontinued supporting bitcoin payments using self-custody wallets. The exchange’s CEO, Brian Armstrong, made it clear that payments from Coinbase accounts to UTXO-based chains are still supported. But Commerce’s primary goal is to support ERC-20 tokens on layer 2 protocols, such as Polygon and Base. Coinbase Commerce … Read more
Global cryptocurrency funds saw record inflows of $2.45 billion last week, an unusual spike that indicated a sharp increase in investor interest. Due to this inflow, the total assets under management (AUM) has surged to levels not seen since December 2021, indicating a robust recovery in the cryptocurrency market. Record $2.45 billion in inflows propel … Read more
An unidentified hacker gained access to Fixedfloat, an automated cryptocurrency exchange, and stole about $26 million in Bitcoin and Ethereum. The exchange is looking into the incident and trying to close any potential weaknesses; it has already recognized the hack. Until further notice, Fixedfloat’s platform is still closed. $26 million in ETH and BTC are … Read more