Blockchain technology is planting the seeds of change in Africa’s farming sector, providing solutions to long-standing barriers like market access, financial limitations and fair pricing. For farmers like Sophia Wambui Ngamate from Nakuru County, Kenya, aged 54, it has been a lifeline. “One Million Avocados has wonderfully assisted me in planting more than 120 avocado
Month: November 2024
Asian crypto traders catch late-night surge as Trump wins election The cryptocurrency industry celebrated Donald Trump’s victory in the 2024 United States presidential election, as Bitcoin surged to new all-time highs. Asian markets joined in the rally, local sources tell Magazine. “A lot of Asian traders were working overnight to catch this surge and are
Blockchain domain provider Unstoppable Domains has partnered with Cake Wallet, an open-source wallet, to launch a new top-level domain specifically for Monero users, the companies announced. Unstoppable Domains said the new .xmr domains will allow Cake Wallet and Monero (XMR) users to send and receive tokens using human-readable addresses instead of long, alphanumeric strings. The
Reports of a Wall Street lawyer as a potential SEC chair candidate in Trump’s administration have divided the crypto community, with some raising concerns that his traditional finance background may lead to an anti-crypto stance. However, others are more optimistic, speculating that his experience may lead to “thoughtful frameworks” for crypto regulation. Levin Naftalis and
Roman Sterlingov, the founder of Bitcoin Fog, the darknet’s oldest cryptocurrency mixer, has been sentenced to 12.5 years in prison as part of the United States government’s broader crackdown on cryptocurrency mixers. It falls short of prosecutors’ earlier petitions for a 20- to 30-year sentence following Sterlingov’s March conviction by a jury on charges of
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA),
A second Trump administration is likely to elevate the crypto sector — both in the United States and overseas — informed market observers told Cointelegraph in the aftermath of the Nov. 5 presidential election. It raises the odds for digital asset market structure legislation, and will probably bring along a stablecoin payment act as well.
Elon Musk appeared to support a call to end the Federal Reserve Bank in the United States after reposting a tweet from Utah Senator Mike Lee — who called for greater executive oversight over monetary policy and abolishing the central bank. Lee argued that Federal Reserve Chair Jerome Powell’s recent assertion that he would not
The crypto arm of venture capital firm Andreessen Horowitz (a16z) said there will be “greater flexibility to experiment” as the regulatory landscape for crypto improves in the United States following the Nov. 5 elections. “While we’ll likely have greater flexibility to experiment, we can’t forget that the fundamental regulatory principles applicable to blockchain systems remain
ARK Invest founder and CEO Cathie Wood expects that a “changing of the guard” at the United States Securities and Exchange Commission may turbocharge the economy and bring about an influx of innovation and investment in emerging technologies. “Deregulation, defanging the SEC, FTC, and others, government spending cuts, tax cuts, and a focus on technologically
The Coinbase-backed crypto advocacy group Stand With Crypto has expanded to Australia as part of a broader move to push for regulatory clarity and crypto-friendly policy in the country. Tom Duff Gordon, vice president of international policy at Coinbase, said the overarching goal of the new offshoot of Stand With Crypto is to bring political
Alameda Research filed a lawsuit against Aleksandr Ivanov, founder of Waves, as part of its ongoing legal strategy to recover crypto assets. The trading arm of the bankrupt FTX exchange is aiming to recoup at least $90 million of digital assets from Waves, according to a Nov. 11 court filing. In March 2022, Alameda Research
Ether (ETH) recorded its largest three-day return of 2024, with a 21% spike after President-elect Donald Trump was announced as winner of the US presidential election. The rally also took the altcoin above its overhead resistance of $2,800, breaking a trend bottom consolidation range that lasted 96 days. Ethereum 3-day chart. Source: TradingView With the
Bitcoin (BTC) preserved $76,000 into Nov. 9 as “spoof city” kept BTC price action pinned in a narrow range. BTC/USD 1-hour chart. Source: TradingView Bitcoin still “underperforming” after trip to $77,200 Data from Cointelegraph Markets Pro and TradingView captured familiar trading conditions for BTC/USD: heavy volume and new all-time highs. The latest record came in
Top Stories of The Week BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high The world’s largest asset manager, BlackRock, accumulated more than $1 billion of inflows to its Bitcoin exchange-traded fund (ETF) across a record trading day as Bitcoin continued to break all-time highs. On Nov. 7, BlackRock’s iShares Bitcoin Trust
Bitcoin (BTC) is dividing opinion as a weekend BTC price surge takes BTC/USD to nearly $80,000. BTC/USD 1-hour chart. Source: TradingView Mixed reactions as Bitcoin sees weekend surge Data from Cointelegraph Markets Pro and TradingView shows Bitcoin gaining almost $2,000 in a single hourly candle on Nov. 10. Keeping in line with recent weekend price