Powel, Author at Cryptotimes Africa

Bitcoin dips 3% on false SEC spot Bitcoin ETF approval

by Powel January 10, 2024

Unknown hackers hijacked the X account of the United States Securities and Exchange Commission (SEC), posting a fake spot Bitcoin ETF approval message. On Jan. 9, the SEC chair Gary Gensler debunked an announcement claiming spot Bitcoin ETFs were approved. The SEC’s…

Feature

$2.8b USDT recipient deposits Tether on crypto exchanges

by Powel January 10, 2024

Crypto trading firm and market maker Cumberland moved millions in USDT to exchanges after receiving $2.8 billion from Tether’s treasury over three months. Per Arkham Intelligence, Cumberland has deposited up to $120 million of Tether’s stablecoin USDT into crypto exchanges like Coinbase, OKX, and Kraken in…

Bitcoin News

Bitcoin reaches $47k as trading volume soares nearly 120%

by Powel January 9, 2024

Bitcoin has reached $47,000 for the first time in over 20 months, as several reports claim ETF approval will happen this week. Earlier yesterday 8th January, Bitcoin reached $45,000, its highest since May 2022, when the market collapsed following Terraform Lab’s UST and LUNA…

Article

How safe is your digital asset? Smart contract vulnerabilities in NFTs

by Powel January 9, 2024

Explore smart contract vulnerabilities in non-fungible tokens (NFTs) and learn how you can better protect your digital assets. Are you aware of the potential security pitfalls lurking within NFTs? This article aims to shed light on some common smart contract vulnerabilities, often…

News

SEC reissues crypto ‘FOMO’ warning amid hope for spot Bitcoin ETFs

by Powel January 8, 2024

Social media users have pointed out that the regulator's “no go to FOMO” warning comes amid heightened anticipation over spot Bitcoin ETF approvals The United States Securities and Exchange Commission (SEC) has reissued a warning about FOMO crypto investing — just days…

Article Interview

Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer

by Powel January 8, 2024

Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however believes an “outright” prohibition of cash withdrawals from VASPs…

Industry News

Bank of International Settlements Advises Central Banks, Including in Africa, to be Wary When Outsourcing CBDC Development

by Powel January 7, 2024

According to the report, to successfully implement a CBDC, central banks must consider the objectives and use case for a CBDC (ie its core factors), engage with a wide range of internal and external stakeholders, and include a number of considerations of…

Article

Why is Solana (SOL) price down 9% within last 7days?

by Powel January 7, 2024

Solana’s native token SOL dropped under $100 due to reduced demand for the network’s DApps and negative SPL token performances. Solana's native token SOL SOL$94 experienced a 22% plunge in just eleven days after reaching $126.30 on Dec. 25, 2023. Some analysts may argue…

Coins Industry

Crypto startup founder, Bill Lou loses $125,000 to airdrop scam

by Powel January 6, 2024

The co-founder of a crypto startup, Nest Wallet, Bill Lou, has lost $125,000 to scammers while attempting to claim an airdrop. Lou, whose startup is working to enhance crypto wallet security expressed shock that he could fall for the same trick he…

News

BingX signs deal with Chelsea as official crypto exchange partner

by Powel January 6, 2024

BingX, a leading cryptocurrency exchange with over 10 million global users, has officially secured the title of the Official Sleeve Partner for Chelsea's Men's Playing Kits for the remainder of the 2023/24 season, as well as the Men's Training Kits for the…