MAS, Bank of Ghana and Development Bank Ghana to develop an Integrated Financial Ecosystem to Support Growth of Asia-Africa SME Trade Corridor | by Bit Media Buzz | Nov, 2022

[ad_1] Singapore, 10 November 2022 — The Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) [1] today signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The GIFE aims to enhance financial capabilities and access for micro, small...
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FTX Legal Department Jumps Ship, Binance Deal Fizzles Out

[ad_1] The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from Semafor indicates that FTX’s legal and compliance staff...
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Bitcoin price dips under $17.6K June low as FTX nerves liquidate nearly $1B

[ad_1] Bitcoin (BTC) liquidated $200 million of long positions on Nov. 8 as BTC price briefly tumbled to two-year lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sets new two-year low Data from Cointelegraph Markets Pro and TradingView revealed carnage across crypto price charts as exchange FTX kept...
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Chainlink (LINK) Rejected At $9.20 But Picks Up Steam

[ad_1] While the broader crypto market is currently trying to recover from the shock surrounding FTX and the accompanying fears of a contagion effect, Chainlink has recorded the highest price increase within the top-100 by market cap within the last 24 hours. At press time, the LINK price was...
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Crypto notches a win among professional accountants

[ad_1] In his regular column, J.W. Verret, a law professor, attorney, CPA, and head of the Crypto Freedom Lab covers law and regulation of cryptocurrency with a focus on decentralized finance (DeFi) and financial privacy. Institutional adoption is an exciting yet frustrating topic in crypto. The true modern-day crypto...
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Gate.io Introduces Crypto-Payment Solution Gate Pay

[ad_1] Gate.io, digital asset services provider, launched a new crypto-based payment solution dubbed Gate Pay on Monday. The new service currently supports 21 cryptocurrency assets, but the exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an...
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Why banking uses at least 56 times more energy than Bitcoin

[ad_1] The next time Bitcoin (BTC) comes under fire for energy consumption, remember this statistic: the banking industry uses at least 56 times more energy. That’s according to cryptographer and founder of Valuechain, Michel Khazzaka:  “I’m not saying it uses less or the same, just know it uses 56...
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