U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. The Department of Justice did not believe the 56 million shares of Robinhood, worth about $465 […]
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Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduction of its workforce as the advertising market cratered. Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to startup accelerator Y […]
One of the top five blockchain projects in the telecom sector is Telcoin (TEL). Launched in 2017, Telcoin is an Ethereum-based token developed to bring instant international transactions to all mobile users. This peer-to-peer payment system leverages blockchain technology and mobile money infrastructure to enable users to send money instantly anywhere in the world. It […]
U.S. senators on Wednesday pressed Congress to regulate cryptocurrency under existing financial rules, as lawmakers scramble to rein in the troubled industry after prosecutors filed criminal charges against FTX founder Samuel Bankman-Fried. Lawmakers are generally in agreement that crypto firms should have greater regulation, but there are divergent views on how the industry should be […]
The crypto winter that began earlier this year with Russia’s invasion of Ukraine has turned into a disaster with the recent FTX crash. While the ultimate fate of FTX and its creditors is not yet decided completely, it is not all doom and gloom. Telcos may have a significant chance to jump in and take […]
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX’s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman’s […]
Crypto can enable financial inclusion and economic empowerment across the globe in many areas where financial services are either lacking or even corrupted. Users of crypto can bypass some international and banking restrictions and even have an alternative to storing and saving money. As it stands today, crypto is the wild west. However, large global […]
The crypto market has had a disastrous first half of 2022. Bitcoin and ethereum have dropped by more than half since their all-time highs in late 2021. While there have been some tiny gains in recent weeks, the cryptocurrency market as a whole remains relatively stagnant. While no one knows for certain, some analysts believe […]
It was the Africa Tech Festival 2022 that triggered the conversation surrounding startups expanding to the global market. Managing partner at HAVAIC, Ian Lessem, led the discussion on the first day of the three-day event. A startup develops a unique product or service that becomes irreplaceable for consumers. However, many need help to hit the […]
All-in-one crypto investment mobile app is now available to UAE residents to build their portfolio, earn yield and stay updated on the latest crypto news Dubai, UAE, 29 November 2022 — SwissBorg, Europe’s leading cryptocurrency wealth management app, today announced its launch in the UAE, to offer the safest and easiest app to invest and […]