Author name: Peter

Crypto Lender Abra Settles with Texas Investors, Commits to Asset Return

Abra Agrees to Refund Texas Investors Following allegations of unregistered securities offerings, crypto lender Abra has reached a settlement with the Texas State Securities Board (TSSB). As part of the agreement, Abra will return assets to Texan investors, while other U.S. clients will also have the opportunity to reclaim their investments. Regulatory Scrutiny and Settlement

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The Avalanche Foundation Announces Requirements for Meme Coins in Purchasing Program

Introduction The Avalanche Foundation, a non-profit organization dedicated to supporting the avalanche ecosystem, has recently unveiled the criteria for meme coins to participate in its active purchasing program. With the aim of providing clarity and transparency, the foundation has outlined specific requirements related to holder count, concentration, liquidity, liquidity providers, lifespan, and market cap. The

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Core DAO Launches $5 Million ‘Innovation Fund’ to Support Africa-Based Web3 Developers

Introduction Core DAO, the foundation supporting Core Chain protocol, announced the launch of a $5 million fund to provide resources and networks for African Web3 builders. With a significant portion of Core DAO's community located in Africa, the foundation decided to establish a fund specifically aimed at supporting the continent's Web3 developers. More Than Just

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The 2024 Bitcoin Halving: A Game-Changer for BTC Value and Miner Survival

As we step into 2024, the excitement in the cryptocurrency community is palpable as we gear up for Bitcoin's upcoming halving event. This event has historically had a profound impact on the crypto market landscape, and it is crucial to delve into how it may unfold this time around. Let's explore the potential implications of

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Nigerian Currency Hits New Low Against US Dollar: Efforts Underway to Rectify Undervaluation

The Nigerian currency has recently experienced a significant decline against the US dollar on the official market. Central Bank Governor Olayemi Cardoso has acknowledged that the naira is currently undervalued and steps are being taken to address this issue. Official and Parallel Market Exchange Rates Almost Converge The Nigerian currency has reached a new low

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The Commodities Futures Trading Commission Warns Investors About Dubious AI-created Trading Algorithms

The Commodities Futures Trading Commission (CFTC) has issued a warning to investors, urging them to exercise caution when it comes to artificial intelligence-created algorithms that promise unrealistic returns on crypto asset investments. The CFTC has identified various AI-created software, such as crypto-asset trading schemes, trade signal strategies, and automated trading algorithms, as tools that scammers

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The U.S. Federal Reserve Lags Behind Peers in Developing CBDC

The Federal Reserve's Lag in CBDC Development According to a recent blog post by the Atlantic Council, the U.S. Federal Reserve is falling behind its peers in the development of a central bank digital currency (CBDC). The post highlights the lack of resources and manpower dedicated to CBDC development and innovation within the Federal Reserve.

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Bitcoin Technical Analysis: Evaluating Market Trends and Potential Opportunities

Introduction Bitcoin, the leading digital currency by market cap, exhibited nuanced market dynamics on January 29, 2024. The value of Bitcoin fluctuated within a narrow range, indicating a complex interplay of market factors. This article will analyze the bearish and bullish signals observed amidst the market turbulence. Bitcoin's Market Performance Over the past 24 hours,

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