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Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda Research. According to a July 14 filing with United States Bankruptcy Court for the District of New Jersey by the unsecured creditors' committee, BlockFi’s risk management team reported on
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Bitcoin remains in the red with a 10% loss over the past week. The number one crypto by market cap has been consolidating at its current levels after a massive crash too it to a multi-year low of $17,500. Related Reading | Are Small Cap Crypto Assets Rebounding A Sign Risk Appetite
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Coming out of the COVID pandemic, sub-Saharan Africa is defying the odds with an explosive level of economic growth that has been unseen for decades. With more people moving about and more goods needing transportation, this growth is putting unprecedented strain on Africa’s logistics. As a result, parcel delivery and
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In a Nov. 4 interview with local news outlet Tengrin News, Minister of Energy Magzum Myrzagaliev said that Kazakhstan’s electricity demand had been steadily growing by 1%-2% annually until about 10 months ago. Starting 2021, demand has grown 8%, or about 1,000MW-1,200MW, which Myrzagaliev said was due to crypto mining. Source
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In July, the ECB said it would move to the exploration phase of its plans to develop a digital euro. Earlier this month, advisor to the senior management of the Market Infrastructure and Payments business area of the ECB, Jurgen Schaaf, said the two-year investigation period was not a confirmation
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Major cryptocurrency exchange Binance’s newest research supports the theory that the launch of institutional trading platform Bakkt partly caused Bitcoin to drop 20%.In the latest edition of its markets overview, Binance Research, the exchange’s analytics arm, singled out Bakkt as the principal event which occurred just before Bitcoin’s price
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