Cash News What does it mean for a token to be useful? The best heuristic is whether people want to hold it for some reason other than as an investment. For example, some tokens grant access to blockchain-based products or services, similar to how baseball tickets grant access to a game. Other tokens coordinate human […]
Cash News Banco Bisa, one of Bolivia’s largest banks, announced last week the launch of its crypto custody service, making it the first regulated financial institution in the country to do so. Solely supporting the stablecoin Tether (USDT), the service enables customers to buy, sell, and transfer crypto directly through their bank accounts, local media […]
Cash News Telegram-based crypto communities grew by 183% in Africa between the beginning of 2023 and August 2024. Looking forward, the report commissioned by cryptocurrency exchange Bitget predicted that the cryptocurrency market in Africa will reach 54 million users by 2025, with Nigeria and South Africa taking the lead in terms of users. The report […]
Cash News One-time FTX executive Nishad Singh is set to learn his fate Wednesday (Oct. 30) afternoon. Singh, former chief engineer at the failed cryptocurrency exchange, is scheduled to be sentenced for his part in Sam Bankman-Fried’s pilfering of roughly $8 billion worth of customer funds. Soon after FTX’s collapse in November 2022, Singh and other executives pleaded […]
Cash News The industry advocacy group Crypto Council for Innovation will assimilate the Proof of Stake Alliance, and the latter’s director will remain with the project. CCI has also hired an advisor in Africa and cemented partnerships with groups based in Japan and the U.K., trying to extend its global reach as jurisdictions everywhere are […]
Cash News SUI continued its recovery towards its all-time high and was up over 10% in the past 24 hours backed by ecosystem growth. Sui (SUI) rebounded after remaining in a downtrend for four days as its price rose from $1.62 to $2.08 bringing its market cap to $5.7 million. Heightened investor activity drove its […]
Cash News Oct 30, 2024Ravie LakshmananCybercrim / Cryptocurrency Cybersecurity researchers have discovered a new malicious Python package that masquerades as a cryptocurrency trading tool but harbors functionality designed to steal sensitive data and drain assets from victims’ crypto wallets. The package, named “CryptoAITools,” is said to have been distributed via both Python Package Index (PyPI) […]
Cash News The U.S. Treasury Department issued its sweeping National Strategy for Financial Inclusion on Oct. 29, positioning cryptocurrencies largely as a consumer risk rather than a tool to extend financial access. This strategic plan, developed in response to a Congressional mandate, outlines several initiatives to enhance Americans’ access to safe financial services while striking […]
Cash News Cryptocurrency has been declared dead so many times that its supposed demise is a running joke within the industry. According to the website 99Bitcoins, the obituary of crypto’s flagship token has been written at least 477 times since 2010. A round of eulogies occurred last year, after several crypto-trading giants, including FTX, collapsed, […]
Cash News World Liberty Financial, former president Donald Trump’s crypto venture, launched its native token earlier this month, and now is reportedly planning something more ambitious: its own stablecoin, which can serve as a stand-in for the U.S. dollar, according to Decrypt. Stablecoins, a type of cryptocurrency pegged 1 to 1 to the value of […]