25% of South Africans Own Cryptocurrency With Average Value of Assets Held Below $70

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According to the findings of a study by KLA, a market research and data specialist firm, some 47% of South African adults are holders of cryptocurrency, with the majority of this number holding low-value investments. In addition, the study shows that 36% plan to invest in crypto in the future. South Africans Still Experimenting With Cryptocurrency Though the KLA findings report that 47% of South Africans are holders, the Businesstech report quoting KLA’s Tessa Nowosenetz explains the value of crypto assets held is still very low. This low average value…

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Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

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The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent Russians from using “money surrogates” as officials have previously called cryptocurrencies. Bank of Russia to Issue Digital Ruble by 2030, According to Financial Market Development Plan The Strategy for the Development of the Financial Market of the Russian Federation by 2030 was released this week by the Ministry of…

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KICK.IO’s Token Will Be Available on ExMarkets LaunchPad, 15th September

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As the $ADA bull market continues to gather steam – with new price records set each month – many within the Cardano community are asking, what’s next? The limitless possibilities within the Cardano ecosystem offer many opportunities for both project creators and their investors. But financial and informational asymmetries have always been a major limiting factor. That’s why KICK.IO, a non-custodial crowdfunding protocol, was created to make sure that this immense potential is utilized to its fullest. The platform will ensure projects have access to the most advanced kickstarting and…

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How Gavin Newsom survived the recall

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LOS ANGELES — For a moment this summer, Gavin Newsom’s inner circle feared the effort to recall him could be drawing uncomfortably close. In late July and early August, the Delta variant of the coronavirus was raging, threatening school reopenings in the fall. Public polling showed many Democrats were so apathetic about voting that it was possible — if turnout was low enough — that a Republican could win. “Clearly there was a time in the summer where the thing went from … this optimism [about Covid] like, ‘Oh, the…

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Newsom beats California recall

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OAKLAND — Gov. Gavin Newsom will remain California’s governor after voters decisively rejected an effort to recall him in Tuesday’s election. The conservative-driven effort to topple Newsom always faced long odds in a state where Democrats outnumber Republicans by some five million voters and Newsom cruised to a 24-point landslide in 2018. Democrats relied on a drumbeat of catastrophic warnings about a conservative Republican governor to motivate their base after fearing that lackluster turnout could cost them the election. With nearly 8 million votes counted, Newsom was crushing the recall…

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Dapper Labs and Flow Blockchain to Get a Boost From Big Tech as Studio Partners With Google

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Google is joining forces with the blockchain firm Dapper Labs in order to help bolster Web3 development, blockchain gaming, and non-fungible token (NFT) technology. The blockchain company’s CEO Roham Gharegozlou tweeted about the deal on Tuesday noting that the firm was “amped to welcome Google to the Flow blockchain.” Google to Collaborate With Dapper Labs Various reports indicate that the American multinational technology company that specializes in Internet-related services, Google, has partnered with Dapper Labs. The Google collaboration announcement follows Dapper Labs’ recent partnership with Filecoin. Speaking with Forbes’ contributor…

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Ark Invest’s Cathie Wood Doubles Down on $500K Bitcoin Prediction, Discusses Crypto Regulation

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Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC). Cathie Wood’s Ark Invest Predicts $500K Bitcoin Cathie Wood, the CEO of Ark Investment Management (Ark Invest), discussed bitcoin and crypto regulation in an interview at the SALT conference Monday. Wood is also the firm’s founder and CIO. She was asked what…

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$2T, 40-plus tax increases: A rundown of House Dems’ tax plan

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House Democrats this week are moving forward with their long-awaited plan to raise taxes to help pay for their next big spending package. With more than 40 separate tax increases, collectively worth $2 trillion, it would be the largest package of tax increases in decades — and a test of Democrats’ willingness to raise rates. Lawmakers want the money to fund plans to greatly boost government benefits, from expanding access to pre-K programs to beefing up Medicare — though Democrats remain at odds over the plan’s total size, with Sen.…

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Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team

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Global investment bank Morgan Stanley is establishing a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said. Morgan Stanley Sets Up New Research Team Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported Monday, citing the bank’s internal memo to staff it has seen. Led by Sheena Shah, the firm’s lead cryptocurrency analyst, the team will research cryptocurrencies’ impact on both equities and fixed income globally. Shah will…

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Centrists throw wrench in House Democrats’ drug pricing plans

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An intraparty fight over drug price controls is threatening to derail Democrats’ dreams of sweeping changes to Medicare, Medicaid and the Affordable Care Act as part of their mammoth social spending package. House Energy and Commerce Chair Frank Pallone (D-N.J.) and his senior aides are racing to shore up support for leadership-backed language that would allow direct government negotiations over the prices of hundreds of drugs, penalize manufacturers that raise prices faster than inflation and apply both policies to private insurance plans as well as Medicare. Efforts to wrap the…

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Crypto Exchange Coinbase Unveils Plan to Raise $1.5 Billion by Selling Bonds

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Amid trouble with the U.S. Securities and Exchange Commission (SEC), global cryptocurrency exchange Coinbase unveils its plan to raise $1.5 billion by selling bonds. Coinbase Plans to Issue $1.5 Billion in Bonds Coinbase Global Inc. (Nasdaq: COIN) announced Monday “its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of its Senior Notes due 2028 and 2031 in a private offering.” The company explained that the notes “will be fully and unconditionally guaranteed by Coinbase Inc.” and “The interest rate, redemption provisions, and other…

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iME Lists on AscendEX

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PRESS RELEASE. AscendEX is thrilled to announce the listing of the iMe token (LIME) under the pair USDT/LIME on Sept. 14 at 1 p.m. UTC. iMe is an innovative, Telegram-based messaging platform with extended functionality and DeFi capabilities. iMe is the only project to introduce DeFi functionality on a messaging platform. iMe has integrated Artificial Intelligence, “Topics,” an alternative to Telegram folders, built-in Google Translations, a functional Cloud with Albums, and many other unique developments on its platform. Similar to the functions offered by Telegram, iMe users can send messages,…

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As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise

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Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that the crypto economy and these coins have dipped in value, the TVL across defi has continued to rise, climbing more than 5% to $185.32 billion. Defi TVL Across All Chains Rises by More Than 5% Over 9 Days Decentralized finance (defi) has attracted billions of dollars and at the time of writing, the…

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Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix

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According to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. Solana’s Network Stalls In recent times, solana (SOL) joined the top ten crypto assets by market valuation and today, SOL’s market cap position is the seventh-largest. At the time of writing, SOL has been exchanging hands for $159 per unit and is down 2.8% during the last week. @phantom I’m locked out of my…

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Biden Covid team sees vaccine efficacy waning in unpublished data from Israel

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The Biden administration’s push to roll out coronavirus vaccine booster shots this month has largely been shaped by unpublished data from Israel’s vaccination campaign, according to two individuals familiar with the matter. The Israel data, which is set to be made public as soon as this week, shows that the Pfizer vaccine’s ability to prevent severe disease and hospitalization is waning over time — as is the shot’s protection against mild and moderate disease, the two sources said. The country began administering boosters to people over 60 in July and…

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Dogecoin’s Four-Legged Fall — DOGE Slides to 9th Market Cap Position Dropping 18% Last Month

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The infamous dogecoin was one of the first meme-based digital currencies and it’s safe to say that the coin inspired a myriad of meme-focused or joke tokens meant to be used for fun. However, while dogecoin has had a phenomenal 2021 rising 8,515% in 12 months, during the last month dogecoin prices have stagnated a great deal. At one time, dogecoin held the fourth largest market capitalization but today, the original meme-coin’s overall market valuation has slid to the ninth position. Dogecoin Slips to the Ninth Largest Market Position After…

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Walmart Investigates How Fake Press Release of Its Partnership With Litecoin Got Posted

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Following the fake news of its partnership with Litecoin, Walmart Inc. says it is looking into how the fraudulent press release was issued. The Litecoin Foundation and Charlie Lee are also investigating the matter. In addition, Globenewswire says it will also work with authorities “to request – and facilitate – a full investigation, including into any criminal activity associated with this matter.” Walmart Responds to Fake News of Its Partnership With Litecoin The retail giant issued a press release in response to the fake news of its partnership with Litecoin…

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How Joe Biden Became Irish

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While it is cliche for political figures to portray themselves as being “as American as apple pie,” President Joe Biden has long advertised another selling point: He’s also as Irish as a pint of Guinness (despite being, like his predecessor, a teetotaler). More so than any president since John F. Kennedy — the only other Catholic to hold the office — Biden’s Irish heritage is central to his public persona. He is so strongly identified with it that Sarah Palin, famously, could not get his name right. During prep sessions…

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Trump shattered tradition on Fed chair. Some Dems want Biden to do the same.

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Left-leaning activists and lawmakers are pushing President Joe Biden to dump Federal Reserve Chair Jerome Powell for Fed Governor Lael Brainard with a last-ditch message: Don’t miss a rare opportunity to install a known and tested Democrat atop the world’s most important economic institution. It’s a conundrum for Biden. He can stick with Powell, a choice that would please markets — renominating someone from the opposite party as Presidents Ronald Reagan, Bill Clinton and Barack Obama did — or put his own stamp on the Fed for years as President…

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Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers

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The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has issued a set of criteria that banks can use to identify cards and e-wallets used by companies operating in the shadow economy, Forklog reported. According to the monetary authority, these include not only illegal forex…

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ZPAE Solves World Retail Challenges Using FinTech at Sharjah Research Technology and Innovation Park

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PRESS RELEASE. Sharjah, September 2021 – The Sharjah Research Technology and Innovation Park (SRTIP) issued its third Distributed Ledger Technologies license (DLT) to ZelaaPayAE. Focusing on numerous areas related to the exchange of value, ZelaaPayAE works strongly to advance tokenisation and through its multiple arms and divisions promotes non-fungible tokens (NFTs), payments infrastructures and various other blockchain applications. The CEO, Mr. Sahil Arora said, “We chose to set up at SRTIP because of their acute understanding of the space we operate in. They understood the requirement for an environment to…

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New York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year

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Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the time. Month After Month, Consumer Inflation Expectations Continue to Climb Higher The cost of services and goods in the United States has risen a great deal and Americans have been worried about rising inflation. Citizens…

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‘Am I on drugs?’ These 7 California recall moments had people wondering

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SACRAMENTO, Calif. — When Gov. Gavin Newsom attended a French Laundry dinner party in November, he couldn’t have known months later he’d be picking up trash from homeless encampments and hitting city after city campaigning for his political life. Newsom’s night out spurred outrage and sent GOP signature gathering into overdrive, tapping into frustration among Californians who were tired of pandemic restrictions. The resulting recall is not the blockbuster that occurred in 2003 — when movie star Arnold Schwarzenegger became governor — but a cast of 46 characters this year…

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California’s recall election, in photos

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California’s gubernatorial recall has been a stomach-churning political roller coaster ride for Gov. Gavin Newsom — one that looked at the start like a longshot, and even a crazy impossibility, in the deep-blue state. But the drive, started last year by determined conservative activists, beat the odds and turned into a very real and very expensive drama that has dominated California’s political landscape for months, from the big cities to the Central Valley. Conservative radio host Larry Elder’s rise to the top of a field of 46 candidates turned the…

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Nigeria’s CBDC ‘a Safer Option’ Than Privately Issued Cryptocurrencies: Central Bank Official

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As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” Payment System Stability In addition, the CBN’s digital currency — also known as the e-naira — is expected to complement current areas of payment options. This, according to Shonubi, will ensure “the stability of the payment system in the long run.” Meanwhile, in his other remarks as reported by Nairametrics, Shonubi…

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Hedge Fund Brevan Howard Expands Crypto Business — Expert Hired to Lead New Digital Asset Unit

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Brevan Howard, a European hedge fund management company, has said it will be expanding its crypto business. BH Digital, which is the hedge fund’s recently created unit, is expected to “manage its cryptocurrency and digital assets.” Growing Interest in Crypto From Hedge Funds In addition to creating BH Digital, Brevan Howard, according to a Reuters report, has also said it will be hiring Colleen Sullivan, the current CEO of the digital arm of trading firm CMT, to lead private and venture investments in crypto. The announcement by Brevan Howard, which…

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First class Rideshare Attorney | Uber Accident Lawyer | Lyft accident attorney

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Lyft accident attorney Auto crashes regularly lead to wounds, which might be qualified for individual injury inclusion relying upon your own auto approach, your rideshare organization strategy, regardless of whether you are driving a ride demand at the hour of the occurrence, and not really settled to be to blame. Driving administrations like Uber and Lyft have become one of the most helpful ways for individuals to get starting with one spot then onto the next, all using a simple to-utilize telephone application. Notwithstanding their wide use, nonetheless, drivers and…

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FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea

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A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi” coins, that won’t be able to trade them for fiat in other exchanges. This could bring losses of more than $2.6 billion. South Korea Exchange Options to Reduce Drastically A regulatory overhaul might reduce drastically the number of exchanges operation in South…

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FUFU Raises $1.7m From Major Investors to Develop the Next Generation Content Marketing Platform

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UwUFUFU.com, a content marketing platform, has successfully raised $1.7 million USD from early investors. Adopting the play-to-earn mechanism in the form of viral quizzes, anyone can create, play, share quizzes and earn NFTs through FUFU’s reward system. NFTs on FUFU function as a collectible and a potential membership to gain access for future events, drops, sales, and more. They also function as “boosts” in drop rate and rarity of items from loot balls, which serve as the delivery mechanism of rewards. This is the backbone of FUFU, which they believe…

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