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Tag Archives: AA News

Jack Dorsey’s Block Co-Leads in $2M Seed Round in East African Bitcoin Miner

Gridless – a Kenyan-based Bitcoin mining company – has announced raising a $2 million seed investment round led by venture capital investor Stillmark and digital payments firm Block, Inc. According to the official press release, Gridless harnesses small-scale renewable energy grids in rural Africa. The company has participated in five different project contract pilots in rural Kenya alongside an African hydroelectric company – HydroBox. Currently, three of these pilots are...

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Ledger Partners With iPhone Co-creator Tony Fadell To Launch Its New ‘Stax” Crypto Wallet

On December 6th, Ledger, the company behind the hardware wallets Ledger Nano S and Nano X, announced the launch of its new Ledger Stax wallet, which was developed in partnership with Tony Fadel, co-creator of the iPod and iPhone. The new Ledger wallet has a unique and innovative design in the style of high-end Samsung cell phones. It lets users view their NFT collections even when the wallet is off. According to Ledger, all of the improvements to the next-generation wallet...

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Here’s Alameda’s Investment Portfolio: WSJ Report

The Financial Times (FT) published a document on Tuesday exposing where Alameda’s venture investments went days before the FTX Group filed for bankruptcy.  Its hundreds of investments included high-profile companies like SpaceX, and a variety of crypto tokens like Polygon (MATIC), and NEAR.  The spreadsheet, dated early November, included Alameda’s private equity portfolio, alongside “some FTX bets mixed in.” According to the document provided, Alameda had over $5.4 billion...

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Strike Brings Lightning-Based Remittance Payments to Africa

Bitcoin payments platform Strike has now expanded to Africa, enabling instant and low-cost remittances to the continent by leveraging its new “Send Globally” feature. The tool, available to all American Strike users, will offer initial coverage to Nigeria, Kenya, and Ghana.  Bringing Bitcoin to Africa As announced by Strike on Tuesday, the feature was launched in partnership with the African Bitcoin company Bitnob. Within the app, U.S.-based Strike users can immediately send...

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ConsenSys Clears the Air on MetaMask Privacy Policy After Community Backlash

Ethereum infrastructure provider ConsenSys has issued a follow-up statement to its privacy policy update that rattled the MetaMask community last month.  The firm clarified that it does, in fact, collect users’ IP addresses and wallet information when they make a MetaMask transaction through Infura – but plans to reduce its retention of such data down to seven days.  Privacy Concerns at ConsenSys Per the company’s statement on Tuesday, November’s policy update did not reflect...

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Bull Market Signal? Jim Cramer Advises Crypto Investors to Sell

The host of CNBC’s Mad Money show – Jim Cramer – said cryptocurrency investors still have time to sell their “awful” positions. His previous advice has often been inaccurate, prompting numerous participants to anticipate a market surge after the latest comments. Cramer’s on the Spotlight Again During his most recent show, Mad Money’s host urged investors to cash out their cryptocurrency at all costs. He thinks “it’s never too late” to exit the market, hinting the crypto...

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5 Failing Crypto Narratives of Late According to CZ Binance

Changpeng Zhao – CEO of the world’s largest crypto exchange, Binance – rejected some of the latest assumptions regarding himself and his company’s involvement in FTX’s crash. He reiterated his position that the main culprit of the catastrophe was Sam Bankman-Fried (SBF), describing him as “one of the greatest fraudsters” of all time. CZ’s List Zhao took it to Twitter to dismiss some suggestions that hovered in the cryptocurrency space lately. He said he doesn’t see himself as...

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Maxine Waters Is Not Playing With SBF. Says It Is Imperative That He Attends Their Hearing

Following the controversial interview between Sam Bankman-Fried and journalist Andrew Ross Sorkin at the New York Times DealBook Summit, SBF received a cordial invitation on December 13 from Congresswoman Waters to understand what happened during the FTX collapse. However, SBF declined Waters’s invitation, saying he didn’t feel it was the right time to appear before the committee to explain all the events that took FTX, the 2nd largest crypto exchange in the U.S., into...

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Standard Chartered Analyst Explains Why BTC Will Suffer Even More in 2023 (Report)

Eric Robertsen – Global Head of Research at Standard Chartered – thinks bitcoin could tumble to $5,000 next year as more cryptocurrency firms might experience liquidity issues. He believes 2023 could be prosperous for gold, envisioning the yellow metal’s price to surge to $2,250 per ounce. Next Year’s Potential Trends As reported by CNBC, Robertson argued that 2023 could bring more pain for the cryptocurrency market, specifically bitcoin. He predicted the asset’s price could...

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Nexo is Leaving the United States Due to Regulatory Difficulties

Burdened by regulatory pressures, crypto lending firm Nexo has given up on continuing to operate within the United States. The company announced on Monday that it would begin phasing out its products and services from the country over the coming months.  Regulatory Roadblock According to Nexo, the firm has engaged in “good-faith dialogue” with the US state and federal regulators for the past 18 months. Despite this, Nexo no longer believes that such bodies can be negotiated...

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