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Tag: Crypto

MetaMask launches feature for crypto-USD conversion
News Tech

MetaMask launches feature for crypto-USD conversion

MetaMask, the largest self-custodial internet-connected wallet in the world with over 22 million users has added the option for users to convert cryptocurrencies into fiat currencies like USD. Prior to this update, only ETH, the second-largest cryptocurrency in the world, could be converted using the cash-out feature into various fiats, depending on the user’s location. […]

Patricia promises increased security after hack, illicit withdrawals
News Tech

Patricia to pay back customers’ funds with token

Embattled crypto company, Patricia has stated that the $2 million in client cash lost in a hack will be repaid to users using a newly constructed debt management token called the Patricia token. The tokens—which are the dollar equivalent of the assets of the respective customers—will be locked by a smart contract, according to Patricia’s […]

Patricia CEO releases statement on token conversion
News Tech

Patricia CEO releases statement on token conversion

The CEO of the cryptocurrency exchange Patricia, Hanu Fejiro, has issued a statement to set the record straight regarding the conversion of funds in the Patricia wallet to Patricia tokens. In a statement to an exclusive community, Fejiro stated that $PTK release was mainly misinterpreted. According to him, Patricia Token was given to clients to […]

North Korean hackers intending to liquidate millions in stolen crypto, FBI warns
News Tech

North Korean hackers to liquidate millions in stolen crypto, FBI warns

U.S authorities have disclosed that North Korean hackers are allegedly getting ready to cash out millions of dollars through a string of high-profile cryptocurrency breaches. The Lazarus Group, also known as APT38 and “TraderTraitor,” which is supported by North Korea, stole hundreds of millions of dollars’ worth of cryptocurrencies in recent blockchain activity, the FBI […]

Patricia converts all users' Bitcoin, Naira to token
News Tech

Patricia converts all users’ Bitcoin, Naira to token

Nigerian crypto platform, Patricia has converted all outstanding Bitcoin and naira balances in every user’s wallet to the company’s token. The BTC and other tokens its users possess have been changed to the Patricia Token or PTK via the retail trading software Patricia. PTK was characterised as a stablecoin backed by the dollar in a […]

Mastercard launches CBDC Partner Program to foster crypto discussions
Crypto

Mastercard launches CBDC Partner Program to foster crypto discussions

Mastercard has introduced the ‘CBDC Partner Program’, a forum dedicated to facilitating discussions among cryptocurrency stakeholders concerning the rise of central bank digital currencies. CBDCs, which are digital versions of traditional fiat currencies such as dollars and rupees, are gaining traction in various parts of the globe as countries like India explore their potential to […]

Singapore grants Coinbase payments license
Crypto

Coinbase receives nod to trade crypto in U.S

A prominent player in the cryptocurrency space, Coinbase, has received a significant nod from regulators, a move that has propelled its shares up by 5% in premarket trading. The approval, granted by the National Futures Association, marks a pivotal moment for Coinbase, underscoring its unwavering dedication to maintaining a business that adheres to regulatory standards. […]

Crypto news platform CoinDesk cuts workforce ahead of sale
News Tech

Crypto news platform CoinDesk cuts workforce ahead of sale

Digital Currency Group’s CoinDesk, a crypto media company, is cutting back on staff, according to a report by TechCrunch. “…several roles, predominantly in our media team, were impacted by a reduction in force,” Kevin Worth, CEO of CoinDesk, said. The Wall Street Journal reported last month that a deal to sell the media company to […]

Fraud: FTX CEO pleads for leniency, cites fund recovery
News Tech

Bankrupt FTX CEO Sam Bankman-Fried sent to jail

Sam Bankman-Fried, one of the founders of the defunct cryptocurrency business FTX, has been imprisoned as he waits for his October 2 criminal trial to begin. He was accused of attempting to tamper with a witness not once, but twice, and the judge agreed with the federal prosecutors who argued that his bail should be […]

American company PayPal has introduced a new cryptocurrency stablecoin called PayPal USD.
News Tech

PayPal launches USD stablecoin

American company PayPal has introduced a new cryptocurrency stablecoin called PayPal USD. The new stablecoin will be issued by Paxos Trust Co. and will be fully backed by deposits in US dollars, short-term US Treasury securities, and other cash equivalents. The company announced that American clients would soon be able to purchase the new stablecoin. […]

FTX's Bankman-Fried denies witness tampering
Crypto

FTX’s Bankman-Fried denies witness tampering

The founder of the embattled FTX cryptocurrency exchange, Sam Bankman-Fried, has vehemently denied seeking to intimidate witnesses before his upcoming October fraud trial. Addressing US District Judge, Lewis Kaplan, Bankman-Fried dismissed accusations of attempting to sway the case by providing writings to a New York Times reporter regarding his former partner Caroline Ellison. Bankman-Fried’s lawyer, […]

TradeFada CEO Seun Dania invests in African crypto firm Patricia
Crypto

TradeFada CEO Seun Dania invests in African crypto firm Patricia

In a LinkedIn post, the founder and CEO of TradeFada, Seun Dania, announced a significant investment in a prominent crypto company in Africa, Patricia. With Patricia being recognized as one of the top exchanges on the continent, this move by Dania is truly momentous. While the specific details of the investment remain undisclosed, the post […]

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