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South African Crypto Exchanges Revix and Bitfund Merge With Austrian Digital Asset Platform – Exchanges Bitcoin News

December 4, 2023

Two South African crypto platforms and an Austria-based digital asset platform have joined forces to launch a new alternative investment platform called Altify. The goal of the new outfit is to enable South African investors, particularly the younger ones, to harness the power of alternative investments. Alternative Investment Opportunities a Preserve for the Wealthy Two South African crypto…

Study: Less Than 5% of South Africa-Based Crypto Asset Providers Generate Revenues Exceeding $8 Million – Regulation Bitcoin News

December 4, 2023

Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $8 million and $10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn their revenue from trading…

Big Names Talk Potential Impact of ETFs on BTC Price, Solo Miner Pulls Down Lucky Block Reward, and More — Week in Review – The Weekly Bitcoin News

December 4, 2023

Global investment bank JPMorgan has noted that SEC approval of a spot bitcoin exchange-traded fund (ETF) could “put severe downward pressure on bitcoin prices.” Conversely, Standard Chartered Bank sees “price upside” related to such an approval from the United States…

Trust Wallet and Alchemy Pay Partner for Seamless Crypto Ramp Solutions – Press release Bitcoin News

December 4, 2023

PRESS RELEASE. Alchemy Pay, the leading fiat-crypto payment solution provider, has announced a new partnership with Trust Wallet, the leading self-custody and mutichain wallet with over 70 million users, enabling users to easily buy and sell crypto with multiple fiat payments within Trust Wallet directly. The integration allows users to have more on and off-ramps solutions, which accelerate web3…

Lido Achieves 9 Million Ethereum Milestone as Rocket Pool Surpasses 1 Million in Defi's Booming Staking Sector – Defi Bitcoin News

December 4, 2023

Recent data reveals that Lido, the leading liquid staking protocol (LSP), now holds over 9 million ethereum within its system. This figure represents a significant 77.81% of the total ethereum value locked in current LSPs, underscoring Lido’s dominant position in the…

Digital Assets Worth $343M Stolen From Crypto Exchange Platforms in November — Study – Security Bitcoin News

December 4, 2023

Digital assets worth just over $343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum…

Report: Spanish Police Arrest Man Accused of Conspiring With Jailed Ethereum Developer to Evade US Sanctions – Bitcoin News

December 4, 2023

Spanish law enforcement said on Dec. 1 it arrested a man accused by the U.S. of conspiring with Ethereum developer Virgil Griffith to help North Korea evade sanctions. A Spanish judge released the man who has since denied the allegations. Cao de Benos Released Without Conditions The Spanish police announced on Dec. 1 that it had arrested a man accused by the U.S. Department of Justice (DOJ) of…

Latam Insights: Colombian President Meets Blockchain Experts, Brazil Passes 15% Tax for Foreign Crypto Investments – Bitcoin News

December 4, 2023

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Colombian president met with a group of blockchain proponents, the Brazilian Senate passed a law taxing investments in foreign…

Circle Partners With SBI Holdings to Launch USDC in Japan

November 30, 2023

Circle, a payment services company, and SBI Holdings, a conglomerate of financial companies, have partnered to bring liquidity services for the use of USDC, one of the largest stablecoins in the cryptocurrency market, to Japan, and promote the local use of stablecoins in the…

'Stagnant' BTC Price and Rate Hikes Drove Down Crypto Miner Canaan Inc's Revenues in Q3 – Finance Bitcoin News

November 30, 2023

Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the key factors that contributed to the decline in revenues. Canaan’s Latest Mining Revenue Nearly 80% Lower Than in…