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Riot Platforms' Proposal to Acquire Bitfarms

Riot Platforms proposes to acquire Bitfarms at $2.30 per share, aiming to create the largest Bitcoin miner! With a 9.25% stake, Riot plans to call a special shareholder meeting to appoint new independent directors.

Riot Platforms has proposed acquiring Bitfarms at $2.30 per share. This acquisition aims to create the largest publicly listed Bitcoin miner. Riot already holds a 9.25% stake in Bitfarms, making it the largest shareholder. The company plans to call a special meeting of Bitfarms’ shareholders to appoint new independent directors. The proposal offers a 24% premium to Bitfarms’ one-month…

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Gala Games Recovers $23 Million in Ethereum

Gala Games has successfully recovered $23 million in Ethereum (ETH) from a misappropriation incident involving pNetwork. This recovery is part of ongoing efforts to address a breach from November 2022. Jason Brink, President of Blockchain at Gala Games, stated that this recovery is a key step in rectifying the damages.  He said, “This recovery marks a crucial milestone in our commitment to…

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Bill Morgan supports Uniswap Labs in challenging the SEC's claims. How will this impact DeFi's future? Will the SEC's stance stifle innovation? Stay informed on this pivotal case. #CryptoNews #Blockchain #DeFi #SEC #TheAfricanCrypto

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President Biden Changes Mind on Crypto: Coincidence?

The heat of crypto advancements in recent weeks indicates that President Biden's administration is softening stance on crypto. This happens after Trump's pro-crypto campaign, coincidence? #Biden #BidenAdministration #Trump #SEC #ETF #TheAfricanCrypto

The wave of pro-crypto advancements in recent weeks indicates that President Biden’s administration is softening its stance on crypto. With crypto set to benefit from the bipartisan support in recent legislative wins, the potentially 180-degree turn could suggest a coincidence or reaction to Donald Trump’s support for the industry.  Reflecting on the Monday news that the US Securities and…

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UN Reveals North Korea's Infamous Lazarus Group's Massive Crypto Heist

United Nations report exposes North Korea's #Lazarus Group for stealing millions in cryptocurrency. How will this impact the crypto world? Can security measures keep up? #UN #BlockchainNews #ScamAlert #Cryptocurrency #TheAfricanCrypto #NorthKorea

A United Nations report obtained by Reuters recently exposed North Korea’s Lazarus Group’s continuous cyber-spying efforts. The report reveals that the group channeled millions of dollars worth of stolen cryptocurrency back to North Korea last year through a crypto mixer, Tornado Cash. In March 2023, the Lazarus Group committed a major breach. It illegally obtained $147.5 million worth of…

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#Grayscale CEO Michael Sonnenshein resigned unexpectedly. Who will lead the crypto giant now? CFO Edward McGee will step in as interim leader while Peter Mintzberg is named new CEO. How will this leadership shift impact Grayscale?

#CryptoNews #Bitcoin

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SEC Reconsidering Denial of Spot Ether ETF

#SEC may approve Spot Ether ETFs soon, say analysts. Could this be a game-changer for the crypto market? Are we witnessing a shift in regulatory stance? Stay tuned for updates! #TheAfricanCrypto #CryptoNews #Blockchain #Ethereum #ETFs #CryptoRegulations

James Seyffart and Eric Balchunas are exchange-traded fund analysts. Recently, they outlined that they are reassessing the chances of the United States Securities and Exchange Commission (SEC) approving a spot Ether exchange-traded fund. This is after hearing chatter about the financial regulator. On May 20, two exchange-traded fund analysts posted on X that the SEC might be ‘doing a 180.’ This…

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DOJ Arrests Chinese Nationals for $73 Million Pig Butchering Scam

DOJ arrests two for laundering $73 million through banks and crypto. How did they manage such a large scheme? What are the consequences? Discover the story behind this. #CryptoNews #MoneyLaundering #ScamAlert #CryptoCrime #TheAfricanCrypto

DOJ has arrested two individuals for money laundering. Authorities accused the suspects of laundering $73 million through American financial institutions.  The prosecutors noted that the suspects used creative tactics to launder the illicit funds. A portion of the $73 million was converted to Tether (USDT), while the rest was transferred through banks.  A court filing submitted to the…

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How to Make a Cryptocurrency

Are you curious about how to make a #cryptocurrency? Our guide simplifies the process, from defining your purpose to choosing the right platform. Ready to start your crypto journey? #HowToMakeCryptocurrency #Blockchain #CryptoCommunity #TheAfricanCrypto

Cryptocurrencies are digital currencies secured by cryptography. Unlike traditional fiat money governments issue, cryptocurrencies operate on decentralized networks using blockchain technology. This decentralization enhances security and reduces fraud risk. Before Bitcoin, digital currency concepts existed, but Bitcoin, created by Satoshi Nakamoto in 2009, transformed the financial landscape.…

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Ripple and MFS Africa Partner to Boost XRP Use in Africa

Can #Ripple transform payments in Africa? With #MFS Africa, #XRP is set to revolutionize financial transactions across the continent. #CryptoNews #Africa #TheAfricanCrypto #Blockchain

Ripple, the blockchain payment solutions provider, announced its expansion into Africa through a partnership with MFS Africa, a leading payments firm operating across 35 countries. The move aims to improve cross-border payments’ effectiveness and speed in the region. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, expressed the company’s ambition to move into…

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#Venezuela takes drastic steps to save power, but will it be enough? How will this impact the local crypto scene? Stay tuned as events unfold.

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Hong Kong adopted the digital yuan for cross-border payments, but what does this mean for you? Could this change how we handle money?

#DigitalYuan #TheAfricanCrypto #Yuan #HongKong #CryptoNews #China

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Australian ASIC Cracks Down on BitConnect Crypto Scandal

Australian crackdown on BitConnect: Is justice near for fraud victims? How will this impact crypto regulations? Follow updates on this major case. #CryptoNews #Justice #Regulation #FraudAlert #TheAfricanCrypto #Australia

Australian John Louis Anthony Bigatton has confessed to promoting crypto lending services for a discontinued cryptocurrency exchange, BitConnect. Authorities shut down BitConnect in 2018 after accusing it of defrauding victims of more than $2.4 million. “Mr. Bigatton provided financial product advice without holding an Australian Financial Service license or authorization to provide financial…

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Mercedes-Benz NXT and Mojito Forge Partnership for Innovative NFT Collection

Mercedes-Benz NXT and #Mojito redefine collecting. Experience iconic Mercedes-Benz designs as never before, now in digital form! Are you ready for the future of collectibles? #MercedesBenz #NFT #Web3 #CryptoNews #TheAfricanCrypto

Mercedes-Benz NXT and Mojito have partnered to launch the highly awaited Mercedes-Benz NXT Icons Collection: “The Era of Technology.” This collection, divided into seven distinct eras, is a testament to the brand’s rich design legacy.  Neil Mullins, Mojito’s Chief Technology Officer, expressed passionate enthusiasm for the partnership, stressing Mojito’s role in supporting Mercedes-Benz NXT’s…

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Sam Trabucco Reappears to Defend Ryan Salame After FTX Scandal

Sam Trabucco supports Ryan Salame during his sentencing after FTX's collapse. Why did he stay silent until now? What does this mean for Sam Bankman-Fried's circle? #TheAfricanCrypto #FTX #CryptoNews #SamBankmanFried #RyanSalame #CryptoScandal

Sam Trabucco, a prominent figure in Sam Bankman-Fried’s inner circle, has reappeared publicly following the collapse of FTX in late 2022. He has come forward to support his former colleague, Ryan Salame, as Salame faces sentencing. Trabucco wrote in a letter of endorsement, “I will be missing the funniest, most passionate, most supportive friend I’ve ever had.” This letter, included in recent…

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The US Senate is challenging the SEC’s crypto stance, but will Biden's veto hold? How will this affect your digital assets? It's a pivotal moment for policy and innovation.

#USPolitics #CryptoNews #Biden #SEC #TheAfricanCrypto #Senate

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Chinese Authorities Take Down Illegal $2 Billion Crypto Operation

The Chinese authorities have cracked a $2 billion USDT scheme. Can this reshape finance? What does it mean for the Chinese Government? #CryptoNews #Regulation #Fraud #ScamAlert #TheAfricanCrypto #Scam #China

On May 15, Chinese law enforcement, the Chengdu Municipal Public Security Bureau, discovered an underground banking operation involving USDT worth nearly $2 billion. Initiated in November 2022 by the Longquanyi District Branch, the investigation led to the dismantling of two major operations in Fujian and Hunan provinces. This discovery marks a major achievement in the ongoing battle against…