Author name: Peter

JPMorgan, a leading global investment bank, has raised concerns about the potential negative impact on bitcoin prices if the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). The bank's analysts believe that the conversion of Grayscale Investments' bitcoin trust (GBTC) into a spot bitcoin ETF could result in billions of dollars […]

CZ Opposes Government's Motion Former Binance CEO Changpeng Zhao (CZ) has filed an opposition to the U.S. government's motion to review the judge's ruling on his presentencing travel restrictions. The U.S. government charged Zhao with failing to maintain an effective anti-money laundering program and also filed a parallel Information against Binance for non-compliance with provisions

Bitcoin's Price and Market Activity Bitcoin's price on November 24, 2023, reflects a steady rise in value, standing at $37,903. Over the past 24 hours, BTC has fluctuated between $36,972 and $38,078, with a trading volume of $17.41 billion, signaling strong market activity to end the week. The crypto asset's market capitalization is currently coasting

Wallet of Satoshi, a provider of Lightning Network payment services, has announced its departure from the U.S. market, leaving its customers to find alternative options. Although no specific reasons were provided, the company informed its U.S. clientele that they can withdraw and transfer their funds to a different wallet. Wallet of Satoshi Halts U.S. Operations

The Son's Disregard for Lagarde's Advice During a town hall session with students in Frankfurt, European Central Bank (ECB) President Christine Lagarde revealed that her son went against her advice and invested in cryptocurrency. Despite her repeated warnings, he ultimately lost approximately 60% of his investment. Lagarde expressed her disappointment, stating, "He ignored me royally,

Introduction The crypto community is buzzing with excitement as Blast, a new Ethereum layer two (L2) platform, gains prominence. With a notable $20 million in funding from investors like Paradigm and Standard Crypto, Blast is making waves in the digital asset space. Developed by Pacman, the entrepreneur behind the popular non-fungible token (NFT) marketplace Blur,

Nigerian fintech startup Paystack has announced that it will be scaling down its operations outside of Africa and letting go of 33 employees based in Europe and the United Arab Emirates (UAE). Co-founder Shola Akinlade has assured the affected employees that the company will assist them in finding new job opportunities. Localizing Costs and Prioritizing

The Bank of Ghana has recently raised concerns about eight money transfer organizations that are allegedly operating in Ghana's remittances and forex market without the central bank's approval. In a notice issued on November 16, the Bank of Ghana (BOG) also cautioned the public and regulated financial institutions against engaging with these eight firms. Eight

A spot bitcoin exchange-traded fund (ETF) approval in the U.S. has the potential to bring in a significant amount of new capital to the cryptocurrency market. Glassnode, a blockchain data firm, has conducted an analysis on the subject and provided insights into how spot bitcoin ETFs could reshape market demand and supply, marking a new

Federal Authorities Insist on Former Binance CEO's Stay in the US In the aftermath of the settlement between the U.S. Department of Justice and Binance, the world's largest cryptocurrency exchange, federal authorities are adamant that the exchange's former CEO, Changpeng Zhao (CZ), must remain in the United States until his sentencing in February 2024. Prosecutors