Crypto Oracle, Author at Cryptotimes Africa

Reserve Bank of Zimbabwe introduces gold-backed digital token ZiG

by Crypto Oracle October 15, 2023

The Reserve Bank of Zimbabwe (RBZ) has officially launched its gold-backed digital token dubbed Zimbabwe Gold (ZiG) as a payment option for retail use nationwide. In a statement, the central bank confirmed that ZiG will operate as legal tender, mandating banks and enterprises…

News

Hamas’ Cryptocurrency Ties May Add Momentum to Senator Warren’s Anti-Crypto Bill

by Crypto Oracle October 14, 2023

The revelation that the recent attack in southern Israel, which allegedly resulted in the deaths of 1,200 Israelis, was partially funded with cryptocurrency has added fuel to the efforts led by Senator Elizabeth Warren and others to advocate for crypto legislation. Warren's…

Bitcoin News

Bitcoin Price Prediction as BTC Bounces from Recent Bottom – Is a Trend Reversal Near?

by Crypto Oracle October 14, 2023

Bitcoin, the flagship cryptocurrency, seems to be showing signs of resilience. After its recent price plummet, BTC has managed to bounce off from its bottom, trading today at $26,919 – a slight uptick of 0.53% in the last 24 hours. This brings…

News

Saudi Arabian Funds, BlockFi’s Founder, and a Star Witness: Recapping the Dramatic Second Week of the SBF Trial

by Crypto Oracle October 14, 2023

From FTX founder Sam Bankman-Fried's attempts to raise company funds from the Crown Prince of Saudi Arabia to using Thai prostitutes' identities in an attempt to unfreeze crypto accounts, the second week of Bankman-Fried's criminal trial proved damning for the disgraced "king…

News

Alameda Research Lost $200M to Several Phishing Attacks Due to “Poor Security Practices”: Ex-FTX Engineer

by Crypto Oracle October 12, 2023

Former Alameda Research software engineer Aditya Baradwaj has exposed several security flaws that reportedly caused the FTX’s sister hedge fund at least a staggering $200 million. In a series of posts on X (Twitter), titled ‘The Hacks,’ the whistleblower revealed, “poor security practices at Alameda Research…

News

The McRib Meme: A Curious Connection to Bitcoin and Stocks

by Crypto Oracle October 12, 2023

Is there a connection between McRib, bitcoin, and stocks? Some (jokingly) argue there just may be. Some commenters have opined that the three may be correlated - but without having a causal relationship. Firstly, the popular McRib sandwich is scheduled for a comeback in November,…

News

Malaysian Crypto Firm Hata Receives Green Light From Malaysian Regulators to Run ‘Digital Asset Exchange’ – Adoption on the Rise?

by Crypto Oracle October 11, 2023

The Malaysian financial regulator – Securities Commission Malaysia (SC) – has granted in-principal approval to cryptocurrency exchange and digital broker Hata. The approval marks Hata as a Recognized Market Operator (RMO) and the 5th regulated digital asset exchange (DAX) in the country, operating alongside existing…

News

A Saudi Prince, Chinese Government Officials, and Thai Prostitutes: Former Alameda Research CEO’s Damning Testimony Continues against Sam Bankman-Fried

by Crypto Oracle October 11, 2023

Caroline Ellison, former Alameda Research CEO and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried, stunned the jury today in Manhattan Federal Court when she revealed startling claims involving Alameda Research’s ties to international government officials. Taking the stand for the first time…

News

EU’s Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy

by Crypto Oracle October 11, 2023

The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption. In a report released on Oct 11, the 22-page document highlights the risks posed by a sector that holds…

News

Trader Joe’s Goes After DeFi Namesake in Trademark Lawsuit, Seeks All Profits

by Crypto Oracle October 10, 2023

On October 5, American grocery store chain Trader Joe's filed a federal lawsuit against a decentralized finance (DeFi) platform named Trader Joe. The lawsuit accuses the DeFi platform of trademark infringement and seeks all profits generated by the platform as damages. This lawsuit…