Daily digest for Crypto Kenya, on May 2, 2023

posted: "The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. Cointelegraph.com NewsRead More" Crypto Kenya MicroStrategy's Bitcoin conviction 'strong' as it returns to profit in Q1: CEO May 2 The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/microstrategys-bitcoin-conviction-strong-as-it-returns-to-profit-in-q1-ceo/

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posted: " Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amo" Crypto Kenya US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion May 2 Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of funds "may not result in the recovery of any money lost because wrongdoers may not have sufficient funds or assets." 'Largest Fraudulent Scheme Involving Bitcoin' in the History of the CFTC A United States Federal Court recently handed down a default judgment and permanent injunction against Johann Steynberg, the CEO of the now-defunct bitcoin ponzi Mirror Trading International (MTI). According to a statement released by the U.S. derivatives regulator the Commodity Futures Trading Commission (CFTC) on April 27, Steynberg is required to pay $1,733,838,372 in restitution to defrauded victims and a $1,733,838,372 civil monetary penalty. The derivatives regulator's statement also revealed that the penalty handed down by the court "is [the] highest civil monetary penalty ordered in any CFTC case." The court action itself is reported to be the "largest fraudulent scheme involving Bitcoin charged in any CFTC case." As previously reported by Bitcoin.com News, Steynberg, who was based in South Africa at the time, had repeatedly faced allegations of operating a bitcoin Ponzi scheme before he fled to Brazil in December 2020. Shortly after his disappearance, liquidation proceedings against MTI were instituted by victims based in South Africa. Almost a year after he disappeared, Steinberg was captured by Brazilian law enforcement and is awaiting his extradition to either the U.S. or his native home of South Africa. Steynberg and MTI Failed to Comply With CPO Regulations As per the CFTC statement, the U.S. court order outlines Steynberg's alleged fraudulent activities as well as his failure to comply with regulations. "The order finds that Steynberg, the founder and CEO of Mirror Trading International Proprietary Limited (MTI), a company currently in liquidation in the Republic of South Africa, is liable for fraud in connection with retail foreign currency (forex) transactions, fraud by an associated person of a commodity pool operator (CPO), registration violations, and failure to comply with CPO regulations," reads the CFTC statement. Although MTI was primarily operating and targeting victims based in South Africa, the CFTC statement claimed that Steynberg and his company had accepted bitcoin from "some 23,000 individuals in the U.S." without being "registered as a CPO as required." The regulator also alleged that Steynberg and MTI had "misappropriated all of the Bitcoin they accepted from pool participants." Meanwhile, the CFTC also acknowledged in the statement that the penalty handed down by the court may "not result in the recovery of any money lost because wrongdoers may not have sufficient funds or assets." Register your email here to get a weekly update on African news sent to your inbox: What are your thoughts on this story? Let us know what you think in the comments section below. Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/us-court-orders-operator-of-south-african-bitcoin-ponzi-scheme-to-pay-over-3-4-billion/

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posted: "The blockchain industry is facing a massive power imbalance — just like the traditional finance industry. The blockchain industry is facing a massive power imbalance — just like the traditional finance industry. Cointelegraph.com NewsRead More" Crypto Kenya Bitcoin hash rates threaten blockchain decentralization May 2 The blockchain industry is facing a massive power imbalance — just like the traditional finance industry. The blockchain industry is facing a massive power imbalance — just like the traditional finance industry. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/bitcoin-hash-rates-threaten-blockchain-decentralization/

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posted: "An attacker manipulated a "claim multiple" bug in a Level Finance smart contract to steal more than 214,000 LVL tokens from the exchange. An attacker manipulated a "claim multiple" bug in a Level Finance smart contract to steal more than 214,000 LVL to" Crypto Kenya Level Finance confirms $1M exploit due to buggy smart contract May 2 An attacker manipulated a "claim multiple" bug in a Level Finance smart contract to steal more than 214,000 LVL tokens from the exchange. An attacker manipulated a "claim multiple" bug in a Level Finance smart contract to steal more than 214,000 LVL tokens from the exchange. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/level-finance-confirms-1m-exploit-due-to-buggy-smart-contract/

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posted: " Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise" Crypto Kenya Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s May 2 Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation's hashpower by 1 exahash per second (EH/s). Bitcoin Miner Mawson Acquires 24 MW in Ohio With Room for Expansion On May 1, 2023, Mawson Infrastructure Group revealed it has signed an agreement for a new site in Ohio. This development comes on the heels of the company's prior ventures in Pennsylvania and the decision to pull out of Australia. The new mining site, located in Ohio, is expected to offer a starting capacity of 24 MW. Mawson, however, anticipates expanding its operations to harness an additional 26 MW of power, effectively bringing the total capacity of the site to 50 MW. MIGI stock chart by TradingView The mining company disclosed it already operates 240 MW of capacity in the surrounding area. "We are very excited to have finalized this new site acquisition. The addition of this site to our portfolio of assets in the region is a great achievement by the team reinforcing our revised strategy of focus in the PA/OH region," Mawson's CEO, James Manning commented. Despite the expansion news, Mawson's publicly-listed shares (Nasdaq: MIGI) have experienced a 5% drop in the last 24 hours and a 1.97% decline over the last month. Nonetheless, the statistics of the past six months reveal an upward trend in MIGI shares by 11.26%, and year-to-date, the shares have increased more than 107%. Mawson's initial plan for the Corning facility is to house 12 mobile data center (MDC) units and 7,056 miners. Both hosted and self-hosted machines will be deployed at the new mining location. Just prior to the Ohio announcement, in April, Mawson sold its Greenfield Texas sites for $8.5 million. What do you think the future holds for Mawson Infrastructure Group's expansion plans in the PA/OH region? Share your thoughts about this subject in the comments section below. Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation's hashpower by 1 exahash per Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/mawson-infrastructure-group-expands-to-new-bitcoin-mining-site-in-ohio-plans-to-boost-hashpower-by-1-eh-s/

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posted: "From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking protocols by $280 million. From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liqu" Crypto Kenya Liquid staking solutions now have more TVL than DEXs: DefiLlama May 2 From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking protocols by $280 million. From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking protocols by $280 million. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/liquid-staking-solutions-now-have-more-tvl-than-dexs-defillama/

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posted: "HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed. HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heart" Crypto Kenya Industry heavyweights respond to UK's crypto asset regulatory framework proposal May 2 HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed. HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/industry-heavyweights-respond-to-uks-crypto-asset-regulatory-framework-proposal/

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posted: "OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals between January 2014 and November 2019. OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct" Crypto Kenya Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions May 1 OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals between January 2014 and November 2019. OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals between January 2014 and November 2019. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/poloniex-will-pay-7-6m-settlement-to-us-authorities-for-apparent-violations-of-sanctions/

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posted: "High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. Cointelegraph.com NewsRead" Crypto Kenya European Union pushes forward with first AI framework: Law Decoded, April 24–May 1 May 1 High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/european-union-pushes-forward-with-first-ai-framework-law-decoded-april-24-may-1/

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posted: "A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have implications for blockchain and Web3. A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recen" Crypto Kenya Scientists in Texas developed a GPT-like AI system that reads minds May 1 A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have implications for blockchain and Web3. A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have implications for blockchain and Web3. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/scientists-in-texas-developed-a-gpt-like-ai-system-that-reads-minds/

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posted: " Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country's banking system remains sturdy. However, the president also acknowledged the "threat by the speaker of t" Crypto Kenya Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default May 1 Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country's banking system remains sturdy. However, the president also acknowledged the "threat by the speaker of the House to default on the national debt." Biden Expresses Confidence in American Banking System Despite First Republic Bank Collapse Biden's recent statements were made following California's financial regulators seizing First Republic Bank and placing it under the control of the U.S. Federal Deposit Insurance Corporation (FDIC). After the bank's seizure, it was then sold to JPMorgan Chase, the largest bank in the United States, which pledged to cover all deposits, including the uninsured. Biden expressed his approval of the government's handling of the crisis, saying, regulators have taken action to facilitate the sale of First Republic Bank, making sure that all depositors are protected, and "taxpayers are not on the hook." "These actions are going to make sure that the banking system is safe and sound," Biden stated. "And that includes protecting small businesses across the country who need to make payroll for workers and their small businesses." The president's comments echo those made after the fall of Silicon Valley Bank and Signature Bank. U.S. Treasury secretary Janet Yellen also gave similar reassurances when the two banks collapsed, emphasizing the safety and soundness of the banking industry. However, some have criticized Yellen's handling of the crisis, with one contributor to the New York Post, Charles Gasparino, labeling her "clueless" for her failure to prevent the collapse of First Republic Bank. Yellen was "drooling happy talk about the banking system, and asking other banks to bail out the zombie. She's also doubling down on her mistakes that caused this banking crisis in the first place, making it more difficult to escape," Gasparino said. Yellen has sounded an alarm about the U.S. defaulting on its debts, a concern that Biden echoed during his press conference on First Republic's downfall. On Monday, the president emphasized the need to ensure the continued reliance on the economy and financial system, calling for the "threat by the speaker of the House to default on the national debt" to be taken off the table. Republican lawmakers, however, have stood firm on the country's debt limit, demanding repeals of the Inflation Reduction Act before they agree to any increase. The potential default on the country's debt by the end of the summer has heightened fears of financial instability and a prolonged recession in the United States. In a note shared with Bitcoin.com News, Ruslan Lienkha, the chief of markets at Youhodler, an international fintech platform based in Switzerland, expounded on the impact of First Republic's failure on the stability of the U.S. banking sector. Lienkha voiced apprehension that the Fed's rate hikes that have taken place in the past year have been particularly "painful for small and mid-sized banks in the United States." "Which means the collapse of First Republic Bank is likely not the last one," Lienkha opined. "A potential bankruptcy of the bank could trigger a broader financial crisis in the country, affecting the real estate market and many other related industries—which could have massive implications for the world economy." What do you think the government will do to try and prevent another banking crisis and a potential default on the national debt in the future? Share your thoughts in the comments section below. Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country's banking system remains sturdy. However, the president also acknowledged the "threat by the speaker of the House to default on the national debt." Biden Expresses Confidence in American Banking System Despite Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/stabilizing-the-banking-system-biden-reassures-public-amid-first-republic-bank-collapse-but-warns-of-national-debt-default/

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posted: "Borrowing positions automatically roll their expiry and can be refinanced should one party unilaterally decide to terminate. Borrowing positions automatically roll their expiry and can be refinanced should one party unilaterally decide to terminate. " Crypto Kenya Blur introduces NFT perpetual lending protocol May 1 Borrowing positions automatically roll their expiry and can be refinanced should one party unilaterally decide to terminate. Borrowing positions automatically roll their expiry and can be refinanced should one party unilaterally decide to terminate. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/blur-introduces-nft-perpetual-lending-protocol/

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posted: "Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms. Oliver Linch suggested jurisdictions with established frameworks for cryp" Crypto Kenya On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023 May 1 Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms. Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/on-the-shutdown-of-bittrex-in-the-us-and-sec-actions-bittrex-global-ceo-at-consensus-2023/

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posted: " Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $" Crypto Kenya Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade May 1 Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights a substantial surge in the costs associated with Ethereum network transactions, indicating a notable increase in onchain activity. Onchain Fees on Ethereum Network Soar by 153% in a Month, While Arbitrum's Daily Transactions Exceed ETH Post-Shapella Upgrade Over the past month, Ethereum network fees have witnessed a material surge, with the cost of onchain transfers surging from $4.65 per transaction on April 1, to an average of 0.0064 ether or $11.80 per transfer at present. The data reveals a staggering 153% increase in the average fees charged by the Ethereum network in just 30 days. Moreover, even the median-sized protocol fees on the network have experienced a significant upswing, soaring 157% higher from $2.13 per transfer on the first of April to the current rate of 0.003 ether or $5.49 per median-sized transaction. The upsurge in transaction fees on the Ethereum network has been particularly noteworthy since the implementation of the Shapella upgrade on April 12. From that day until April 22, the network processed more than one million transactions daily, with the exception of April 16. Since then, Ethereum's transaction volumes have remained below the million mark, averaging between 800,000 and 900,000 transactions per day. Amid the increase in fees over the past 30 days, the cost of certain transactions on the Ethereum network remains relatively high, with an Opensea sale incurring $9.93 per transfer, and a trade on Uniswap costing $25.58 per transaction. Sending an ERC20 token, on the other hand, requires $7.50 per transaction. Interestingly, since the implementation of the Shapella hard fork, the Ethereum network layer two (L2) scaling solution, Arbitrum, has been surpassing the network's transactions on a daily basis. According to data collected from Dune Analytics, Arbitrum has processed between 1.1 million to 1.5 million transactions per day since Shapella, while the L2 competitor Optimism has recorded between 240,000 to 550,000 transactions per day since the Ethereum upgrade. Moreover, the average transaction fee on Arbitrum stands at $0.368 per transfer, while the average fee on Optimism is slightly higher at $0.682 per transaction. Over the course of the last 14 days, ethereum's (ETH) market worth has tumbled by 12.7% against the U.S. dollar. However, the second-largest digital asset in terms of market capitalization remains 1.4% higher than it was in the previous 30-day period. At present, ETH's market value stands at $222.7 billion, accounting for a substantial 18.097% of the cryptocurrency economy's total value, which amounts to $1.23 trillion on May 1, 2023. What are your thoughts on the recent surge in Ethereum network fees? Share your opinions and insights in the comments section below. Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights a substantial surge in the costs Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/ethereum-network-fees-surge-153-in-30-days-while-arbitrum-daily-transactions-outpace-eth-following-shapella-upgrade/

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posted: " PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive these tools as undermining their skills and exploiting their work for profit. Paysenger, a groundbreaking blockchai" Crypto Kenya Paysenger Launches IDO as the Platform Looks to Solve the Challenges of AI-Generated Art May 1 PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive these tools as undermining their skills and exploiting their work for profit. Paysenger, a groundbreaking blockchain-based collaboration platform for content creators, fans, and brands, is poised to tackle these issues with its native token, EGO, and AI integration. Paysenger introduces a personalized AI model that allows artists to create unique, AI-generated art in their distinctive style. This exclusive, artist-specific AI model uses the artist's social account for validation and access. By combining personalized AI models, blockchain technology, and NFTs, Passenger aims to revolutionize the art world and foster new opportunities for artists and brands alike. Paysenger's cutting-edge technology and proprietary AI have been developed in collaboration with Dr. Tamay Aykut, formerly a visiting assistant professor at Stanford. The company also collaborates with Polygon and ConsenSys, a prominent blockchain software company, further solidifying its position in the industry. Despite the skepticism surrounding AI projects and the hype they generate, Paysenger stands out as a project backed by substantial investments and focused on addressing real-world challenges. Projects with such foundations are expected to yield impressive results, capturing a significant market share in the long run. The platform's native token, EGO, not only serves as a medium for users to interact with their favorite creators and support their work but also provides an incentive for users to perform targeted actions like content publication, paid communication, and purchasing content from creators. As Paysenger continues to develop its ecosystem, the EGO token is poised to become an essential component of the Paysenger platform. In addition to addressing the ethical concerns surrounding AI-generated art, Paysenger offers a wide range of features for content creators, including AI-generated chat, photo generation, and content requests. These features, combined with the platform's commitment to fostering a thriving creative community, make Paysenger an appealing choice for those interested in blockchain-based projects with real-world impact. Paysenger's success in bridging the gap between Web2 and Web3 technologies and its potential for mass adoption of blockchain technologies present a strong case for the value of its native token, EGO. As the platform continues to grow and expand its offerings, EGO is set to become an integral part of this innovative ecosystem. On May 25th, Paysenger is scheduled to launch its Initial DEX Offering (IDO), marking a significant milestone for the company.       This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive these tools as undermining their skills and exploiting their work for profit. Paysenger, a groundbreaking blockchain-based collaboration platform for content creators, fans, and brands, is poised to tackle these issues with its native token, Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/paysenger-launches-ido-as-the-platform-looks-to-solve-the-challenges-of-ai-generated-art/

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posted: "Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback. Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears a" Crypto Kenya Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL May 1 Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback. Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/price-analysis-5-1-spx-dxy-btc-eth-bnb-xrp-ada-matic-doge-sol/

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posted: "Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows. Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows. Cointelegr" Crypto Kenya Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar May 1 Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows. Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/bitcoin-price-threatens-28k-support-as-pre-fomc-mood-boosts-us-dollar/

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posted: "Nearly $4 billion has been staked in Binance's Sui farming pools in anticipation of the layer -1 blockchain's airdrop. Nearly $4 billion has been staked in Binance's Sui farming pools in anticipation of the layer -1 blockchain's airdrop. Cointelegra" Crypto Kenya Justin Sun issues apology after Sui LaunchPool clashes with Binance CEO May 1 Nearly $4 billion has been staked in Binance's Sui farming pools in anticipation of the layer -1 blockchain's airdrop. Nearly $4 billion has been staked in Binance's Sui farming pools in anticipation of the layer -1 blockchain's airdrop. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/justin-sun-issues-apology-after-sui-launchpool-clashes-with-binance-ceo/

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posted: "The price of the memecoin has surged by over 2,000% in the past two weeks. The price of the memecoin has surged by over 2,000% in the past two weeks. Cointelegraph.com NewsRead More" Crypto Kenya More crypto exchanges list PEPE following trading frenzy May 1 The price of the memecoin has surged by over 2,000% in the past two weeks. The price of the memecoin has surged by over 2,000% in the past two weeks. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/more-crypto-exchanges-list-pepe-following-trading-frenzy/

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posted: "BTC margin markets and futures' long-to-short indicator show professional traders unwilling to bet on Bitcoin's price dropping. BTC margin markets and futures' long-to-short indicator show professional traders unwilling to bet on Bitcoin's price droppi" Crypto Kenya Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback May 1 BTC margin markets and futures' long-to-short indicator show professional traders unwilling to bet on Bitcoin's price dropping. BTC margin markets and futures' long-to-short indicator show professional traders unwilling to bet on Bitcoin's price dropping. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/will-28k-bitcoin-price-hold-two-indicators-remain-solid-despite-5-pullback/

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posted: " Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision." Crypto Kenya Biggest Movers: LTC Back Under $90.00, as SOL Extends Declines May 1 Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision. Solana was also in the red today. Litecoin (LTC) Litecoin (LTC) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision. LTC/USD dropped to low at $86.83 earlier in today's session, which comes 24 hours after trading at a high of $91.39. Today's drop in price has pushed litecoin to its weakest point since last Wednesday, when the token was at a low of $84.21. Looking at the chart, Monday's move came as the relative strength index (RSI) fell to a support level at 44.00. At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls. Should this point be hit, there is a strong possibility that LTC will move back above the $90.00 mark. Solana (SOL) In addition to litecoin, solana (SOL) was another notable mover on Monday, as the token fell for a third consecutive day. Following a high of $23.93 on Sunday, SOL/USD slipped to a bottom of $22.05 earlier in the day. This bearish spell started after bulls were unable to force a breakout beyond a ceiling at the $24.00 mark. One of the catalysts for this was the RSI, which also failed to surge past a key resistance level at 55.00 As of writing, price strength is tracking at 48.58, with the next visible floor at the 45.00 zone. Register your email here to get weekly price analysis updates sent to your inbox: Will solana fall below $20.00 this week? Let us know your thoughts in the comments. Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision. Solana was also in the red today. Litecoin (LTC) Litecoin (LTC) was down Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/biggest-movers-ltc-back-under-90-00-as-sol-extends-declines/

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posted: "Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity. Gensler was reluctant to go into details and faced symbolical pressure rather than " Crypto Kenya What the Gensler hearing means for US crypto regulation and policy May 1 Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity. Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/what-the-gensler-hearing-means-for-us-crypto-regulation-and-policy/

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posted: "Starknet makes performance improvements top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs. Starknet makes performance improvements top priority in 2023, aiming to increase throughput, lower latency and redu" Crypto Kenya More TPS, less gas: Ethereum layer 2 Starknet outlines performance upgrades May 1 Starknet makes performance improvements top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs. Starknet makes performance improvements top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/more-tps-less-gas-ethereum-layer-2-starknet-outlines-performance-upgrades/

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posted: " Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizur" Crypto Kenya Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks May 1 Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal government. Despite the potential challenges, Munger emphasized that the current situation is not as severe as the 2008 financial crisis, stating that "it's not nearly as bad as it was in 2008." U.S. Banks Saddled With Poor-Quality Commercial Real Estate Loans, According to Charlie Munger's Latest Interview The renowned investor and vice chairman of Berkshire Hathaway, Charlie Munger, spoke to the Financial Times (FT) in an interview published on April 30, 2023, where he discussed potential issues facing the U.S. banking system. During the previous financial crisis, Berkshire Hathaway provided capital injections to Bank of America and Goldman Sachs. However, the FT interview noted that the conglomerate holding company has not made any comparable moves amid recent events, including the failures of Silicon Valley and Signature Bank last month. "Berkshire has made some bank investments that worked out very well for us," Munger stated. "We've had some disappointment in banks, too. It's not that damned easy to run a bank intelligently, there are a lot of temptations to do the wrong thing," the investor added. The 99-year-old American businessman discussed some of the challenges facing financial institutions today. Munger specifically highlighted the amount of commercial property currently held by U.S. banks. According to sources, American banks hold nearly $1.5 trillion in debt, which is due by the end of 2025. The decreasing value of this property has raised concerns, compounded by the ten consecutive federal funds rate increases since last year. "A lot of real estate isn't so good any more," Munger remarked. The Berkshire vice chair added: We have a lot of troubled office buildings, a lot of troubled shopping centres, a lot of troubled other properties. There's a lot of agony out there. ​​Following the publication of Munger's interview, Jim Bianco, the president of Bianco Research, tweeted about the investor's remarks. Bianco stated that "Buffett is the GOAT largely because he has invested in banks for over 50 years. No one understands them better. So, I have noted his absence in all the happenings in the regional banks in the last two months. He is not investing, and, to me, this speaks volumes." Bianco added: Munger may have said the reason why. Loan quality is a critical factor for American banks, alongside undercapitalization and the inability to meet obligations. If a bank makes too many bad loans, it can end up losing a significant amount of money, similar to what happened during the 2008 financial crisis. Nevertheless, during his interview with FT, Munger expressed optimism that the economy's current troubles will not be as severe as they were back then. "It's not nearly as bad as it was in 2008," Munger said. "But trouble happens to banking just like trouble happens everywhere else. In the good times, you get into bad habits . . . When bad times come they lose too much." What do you make of Charlie Munger's remarks about the state of U.S. banks and their exposure to poor-quality commercial real estate loans? Share your thoughts about this subject in the comments section below. Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal government. Despite the potential challenges, Munger emphasized that the Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/charlie-munger-raises-concerns-over-troubled-commercial-property-loans-at-us-banks/

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posted: "By harnessing the power of Web3 and one-to-one marketing, businesses can drive customer loyalty, enhance brand reputation and ultimately achieve long-term success in the decentralized digital world. By harnessing the power of Web3 and one-to-one market" Crypto Kenya Web3's impact on personalization, trust and engagement through time-honored strategies May 1 By harnessing the power of Web3 and one-to-one marketing, businesses can drive customer loyalty, enhance brand reputation and ultimately achieve long-term success in the decentralized digital world. By harnessing the power of Web3 and one-to-one marketing, businesses can drive customer loyalty, enhance brand reputation and ultimately achieve long-term success in the decentralized digital world. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/web3s-impact-on-personalization-trust-and-engagement-through-time-honored-strategies/

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posted: "The Kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal. The Kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal. Cointelegraph.com NewsRead More" Crypto Kenya Bhutan mines Bitcoin with hydropower since BTC price was $5,000 May 1 The Kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal. The Kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/bhutan-mines-bitcoin-with-hydropower-since-btc-price-was-5000/

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posted: "The confluence of artificial intelligence and blockchain technology is paving the way for more intelligent, secure and streamlined smart contract ecosystems. The confluence of artificial intelligence and blockchain technology is paving the way for more" Crypto Kenya AI meets blockchain: Revolutionizing smart contracts and cryptocurrency May 1 The confluence of artificial intelligence and blockchain technology is paving the way for more intelligent, secure and streamlined smart contract ecosystems. The confluence of artificial intelligence and blockchain technology is paving the way for more intelligent, secure and streamlined smart contract ecosystems. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/ai-meets-blockchain-revolutionizing-smart-contracts-and-cryptocurrency/

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posted: "The new algorithmic currency system aims to provide a more "stable, efficient and scalable" asset than common coins like Bitcoin. The new algorithmic currency system aims to provide a more "stable, efficient and scalable" asset than common coins like B" Crypto Kenya FTX investor Temasek pours $10M in algorithmic currency system Array May 1 The new algorithmic currency system aims to provide a more "stable, efficient and scalable" asset than common coins like Bitcoin. The new algorithmic currency system aims to provide a more "stable, efficient and scalable" asset than common coins like Bitcoin. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/ftx-investor-temasek-pours-10m-in-algorithmic-currency-system-array/

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posted: "Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson's Star Wars, and AI tasked with destroying humanity goes dark. Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson's Star Wars, and AI tasked with destroy" Crypto Kenya AI Eye: Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brains May 1 Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson's Star Wars, and AI tasked with destroying humanity goes dark. Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson's Star Wars, and AI tasked with destroying humanity goes dark. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/ai-eye-is-hollywood-over-eth-founder-on-ai-wes-anderson-star-wars-robot-dogs-with-chatgpt-brains/

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posted: "The Facebook parent company filed a prospectus that says it may offer and sell debt securities from time to time. The Facebook parent company filed a prospectus that says it may offer and sell debt securities from time to time. Cointelegraph.com News" Crypto Kenya Meta SEC filing reveals debt securities offering plans May 1 The Facebook parent company filed a prospectus that says it may offer and sell debt securities from time to time. The Facebook parent company filed a prospectus that says it may offer and sell debt securities from time to time. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/meta-sec-filing-reveals-debt-securities-offering-plans/

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posted: "Discover five free AI courses and certifications to help you expand your knowledge of artificial intelligence and machine learning. Discover five free AI courses and certifications to help you expand your knowledge of artificial intelligence and machin" Crypto Kenya 5 Free artificial intelligence courses and certifications May 1 Discover five free AI courses and certifications to help you expand your knowledge of artificial intelligence and machine learning. Discover five free AI courses and certifications to help you expand your knowledge of artificial intelligence and machine learning. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/5-free-artificial-intelligence-courses-and-certifications/

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posted: " Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal Reserve is expected to increase rates by 25 basis points, with nonfarm payrolls for April being released this coming" Crypto Kenya Bitcoin, Ethereum Technical Analysis: BTC, ETH Start Week Lower, Ahead of Key Economic Events May 1 Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal Reserve is expected to increase rates by 25 basis points, with nonfarm payrolls for April being released this coming Friday. Ethereum was also lower in today's session. Bitcoin Bitcoin (BTC) continued to trade lower on Monday, as markets remained in consolidation ahead of a pivotal week of economic events. Following a high of $29,952.03 on Sunday, BTC/USD slipped to an intraday low of $28,360.50 earlier today. This move saw bitcoin briefly fall below a key support point at $28,500, hitting its lowest point since April 27 in the process. Bitcoin chart by TradingView Overall, bitcoin remains nearly 4% higher than at the same point last week, when prices were close to the $27,000 mark. As a result of today's sell-off, the relative strength index (RSI) has dropped to a floor of its own at 50.00. The index is now tracking at 50.09, with BTC rebounding from its earlier low, and currently trading at $28,591.66. Ethereum In addition to BTC, ethereum (ETH) was also in the red, as prices plunged for a second consecutive session. ETH/USD dropped to a bottom at $1,829.41 earlier in the day, less than 24 hours after trading at a peak of $1,938.42. Similar to BTC, today's slippage sent ethereum below its own point of support at the $1,830 level. Ethereum chart by TradingView ETH has since rebounded from this floor, as bulls opted to buy the dip, rather than continuing to flee positions. This was helped by the fact that the RSI here also collided with a support zone at 45.00, and it continues to track beyond this point. Bulls will likely be targeting reentry above $1,900 in upcoming days. Register your email here to get weekly price analysis updates sent to your inbox: Will ethereum climb back above $2,000 following this week's events? Leave your thoughts in the comments below. Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal Reserve is expected to increase rates by 25 basis points, with nonfarm payrolls for April being released this coming Friday. Ethereum was also lower in today's session. Bitcoin Bitcoin (BTC) continued to Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/bitcoin-ethereum-technical-analysis-btc-eth-start-week-lower-ahead-of-key-economic-events/

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posted: " On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank's financial" Crypto Kenya JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators May 1 On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank's financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid to assume control of First Republic Bank's deposits, including uninsured deposits. California Regulator Seizes First Republic, JPMorgan Takes Over Bank's Assets From the first week of March, four major banks — Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank — have failed. The failures of the latter three banks are said to be the largest in American history, since the collapse of Washington Mutual (Wamu) in 2008. Last week, all eyes were on First Republic Bank as it made a last-ditch effort to receive assistance from the private sector. This came after customers withdrew $100 billion from the bank last month, which led to concerns over the bank's solvency. On Monday, May 1, the California Department of Financial Protection and Innovation (DFPI) announced that it had seized First Republic Bank and placed it under the control of the Federal Deposit Insurance Corporation (FDIC). "The DFPI took action pursuant to California Financial Code section 592, subdivisions (b) and (c), specifically 'conducting its business in an unsafe or unsound manner' and being in a 'condition that … is unsafe or unsound' to transact banking business," the California regulator detailed. In addition, the financial regulator announced that JPMorgan Chase, a banking giant, has been awarded the bid for First Republic Bank following its placement into receivership under the Federal Deposit Insurance Corporation (FDIC). On Monday, JPMorgan Chase announced in a press release that it had taken over First Republic Bank. The bank highlighted its "significant strength and execution capabilities" and stated that it was committed to supporting the U.S. financial system. As part of the purchase, JPMorgan Chase has assumed responsibility for all deposits, including those that were uninsured. The move is expected to bring stability and assurance to customers who had deposits with First Republic Bank. JPMorgan Chase has also revealed that the bank will be operated by Marianne Lake and Jennifer Piepszak, two of its community banking executives. Since the fall of Wamu, the collapse of First Republic Bank is now the second-largest bank failure in the United States. In terms of the size of insolvency, it is followed by the collapses of Silicon Valley Bank and Signature Bank. On Monday, JPMorgan Chase announced that it would be hosting a conference to discuss the transaction at 8:30 a.m. Eastern Time. The takeover by JPMorgan Chase is expected to bring about changes in the banking landscape, given that it is the largest bank in the United States. What do you think the collapse of several major banks, including First Republic Bank, means for the future of the U.S. financial system? Share your thoughts in the comments section below. On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank's financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/jpmorgan-chase-assumes-control-of-first-republic-bank-following-seizure-by-california-regulators/

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posted: " Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has "disproportionate power" as a reserve c" Crypto Kenya Top Indian Banker Says US Dollar Has 'Disproportionate Power' as Reserve Currency; Retracts 'Biggest Financial Terrorist' Remark May 1 Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has "disproportionate power" as a reserve currency, retracting his previous statement in which he referred to the currency as the "biggest financial terrorist in the world." Kotak explained that several countries were exploring alternative reserve currencies to reduce their dependence on the U.S. dollar. Top Indian Banker Refers to the Dollar as 'Biggest Financial Terrorist' in the World Uday Kotak, CEO of Kotak Mahindra Bank, an institution that registered more than $8.5 billion in revenue in 2023, referred to the subordination that world markets have to the U.S. dollar hegemony. In a panel at the ET Corporate Excellence Awards, an event of the Indian news conglomerate Times network, Kotak stated that the American currency was "the biggest financial terrorist in the world," criticizing the power it had as a reserve currency. Explaining his stance, Kotak declared: All our money is in nostro accounts and somebody in the U.S. can say- you cannot withdraw it from tomorrow morning- and you are stuck. That is the power of the reserve currency. This dependence is what is driving several nations of the world to seek an alternative reserve currency, Kotak remarked, stating this was a "crucial time in world history." However, Kotak later corrected these statements on social media, explaining he wanted to make reference to the 'disproportionate power' the currency had in world markets. He explained: In a recent discussion on US dollar I inadvertently used words "financial terrorist" which I would like to correct. What I meant was that a reserve currency has disproportionate power, whether it is nostro account, 500 bps rate increase, or emerging countries holding dollars for liquidity. The Run to Have the Next Reserve Currency Global geopolitics and the rise of sanctions against Russia have changed the landscape of how payments are being settled and which currencies are being used. China has recently made advancements in profiling the Chinese yuan as a friendly token for international markets, with Russia also promoting it. On the different countries that might become holders of the next reserve currency, Kotak stated: "I don't think Europe can, because it is the disunited states of Europe. I don't think UK or Japan have the heft to be taking that position, though both the British pound and the yen are free currencies. China, I think, has a major issue of trust with many many countries around the world. However, Kotal believes that India can have a shot at making the Indian rupee the next U.S. currency, but it will take ten years, during which the country will have to build strong institutions and a framework behind it. India has already opened its doors to other countries to settle cross borders payments with the Indian rupee, as part of its most recent foreign trade policy guidance, with the objective of allowing countries facing a dollar crunch to keep trading goods. What do you think about Uday Kotak's opinion on the current role of the U.S. dollar as a reserve currency? Tell us in the comments section below. Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has "disproportionate power" as a reserve currency, retracting his previous statement in which he referred to the currency as the Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/top-indian-banker-says-us-dollar-has-disproportionate-power-as-reserve-currency-retracts-biggest-financial-terrorist-remark/

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posted: "The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure. The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already" Crypto Kenya 2nd biggest US bank failure — 5 things to know in Bitcoin this week May 1 The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure. The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/2nd-biggest-us-bank-failure-5-things-to-know-in-bitcoin-this-week/

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posted: "Future regulation is intended to ensure uniform regulation for all European countries and covered participants. Future regulation is intended to ensure uniform regulation for all European countries and covered participants. Cointelegraph.com NewsRea" Crypto Kenya Liechtenstein adapts blockchain laws to developing crypto landscape May 1 Future regulation is intended to ensure uniform regulation for all European countries and covered participants. Future regulation is intended to ensure uniform regulation for all European countries and covered participants. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/liechtenstein-adapts-blockchain-laws-to-developing-crypto-landscape/

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posted: "A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation. A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implem" Crypto Kenya AI chatbot usage causes concern among 70% of Japanese adults May 1 A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation. A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/ai-chatbot-usage-causes-concern-among-70-of-japanese-adults/

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posted: "Nigeria's securities regulator will take at least ten months to determine whether to register a digital asset-related company. Nigeria's securities regulator will take at least ten months to determine whether to register a digital asset-related company" Crypto Kenya Tokens but not crypto: Nigeria SEC prepares new digital asset rules May 1 Nigeria's securities regulator will take at least ten months to determine whether to register a digital asset-related company. Nigeria's securities regulator will take at least ten months to determine whether to register a digital asset-related company. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/tokens-but-not-crypto-nigeria-sec-prepares-new-digital-asset-rules/

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posted: " Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright's lawsuit. According to Alex Morcos, the "mission [of BLDF] is t" Crypto Kenya Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright May 1 Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright's lawsuit. According to Alex Morcos, the "mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation." The Future of Open-Source Software Development Bitcoin Legal Defense Fund (BLDF), a Jack Dorsey-backed fund, has said it will make its services available to 11 Bitcoin developers named in a lawsuit filed by the self-proclaimed Bitcoin creator Craig Wright. According to the trio behind the fund, defending Bitcoin developers not only eases the pressure on them but ensures the legal system will not interfere with open-source software development. In a statement, Dorsey, who founded BLDF along with Alex Morcos and Martin White, argued the case for defending the eleven individuals. He said: The outcomes of these cases are important for everyone, even those who may not be interested in Bitcoin, because these lawsuits could have serious detrimental effects on open-source development writ large, which will negatively impact our lives in ways we may not even realize until it's too late. In their defense filed with a High Court in the United Kingdom on April 26, the developers characterized Wright's allegations as "a fraudulent claim" and insisted his firm, Tulip Trading Limited (TTL) had deliberately commenced legal proceedings knowing full well it has no claim over the missing 111,000 bitcoins. Litigation Against Developers Having the 'Intended Effect' Before jumping to the defense of the 11 developers, the BLDF founding trio penned a letter that explained their reasons for launching the fund. According to the letter, the weight of continued litigation and the threats of more are "having their intended effect" as has been demonstrated by defendants that have capitulated. Therefore, the objective of BLDF "is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem," the trio said. Meanwhile, in a separate statement, Alex Morcos said the fund not only seeks to defend the "right of open-source developers to create and freely share their code with the world for the greater good." Morcos added that the "mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation." What are your thoughts on this story? Let us know what you think in the comments section below. Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright's lawsuit. According to Alex Morcos, the "mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation." The Future of Open-Source Software Development Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/jack-dorsey-backed-bitcoin-legal-defense-fund-supports-open-source-developers-in-lawsuit-with-craig-wright/

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posted: "Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation. Banking giant JPMorgan will take over the assets of the troubled First Republic " Crypto Kenya JPMorgan to acquire troubled First Republic Bank May 1 Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation. Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/jpmorgan-to-acquire-troubled-first-republic-bank/

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posted: " Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in E" Crypto Kenya Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs May 1 Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke Proposes to Dollarize Argentina Steve Hanke, economist and professor of applied economics at Johns Hopkins University, has favored the proposal of dollarizing the Argentine economy in order to put order to the financial crisis of the country. In a tweet issued on April 25, Hanke stated: By my measure, the Argentinian peso has depreciated against the USD by 52% since Jan 1, 2022. Argentina must dump the peso and dollarize now. Hanke's proposal coincides with what Javier Milei, one of the strongest presidential candidates according to polls, is presenting in his campaign plans, considering ditching the Argentine peso and adopting the U.S. dollar as a solution to the inflation and devaluation escalade that the country is facing. Hanke also criticized the country's debt with the International Money Fund (IMF). Bitcoin City Plans Still Not Registered In El Salvador Formal plans for Bitcoin City, the cryptocurrency-focused city that would be built in El Salvador in part with funds coming from the still unreleased "Volcano bonds," have still not reached public institutions in El Salvador. A document posted to social media on April 26 shows that the Public Works Ministry has no project with the Bitcoin City name, an initiative that was presented by Salvadoran President Nayib Bukele on November 2021. However, the "Escape to El Salvador" team, an organization that promotes moving to the country, clarified that these plans were still not introduced to the Public Works Ministry, but that the project was still ongoing. Venezuelan Cryptocurrency Watchdog Lays Off Hundreds of Workers Sunacrip, the Venezuelan cryptocurrency watchdog, has fired more than 400 workers this week, according to local sources. The crypto superintendence had a payroll of 600 workers, that are being affected by the current cryptocurrency-related corruption probe. The former head of Sunacrip, Joselit Ramirez, is currently under arrest for his alleged involvement in the so-called PDVSA-crypto corruption scheme. The institution was intervened by Venezuelan President Nicolas Maduro on March 17, who named a commission to review the actions of the institution, but there have been no reports about if the organization will be terminated, or if it will continue with another organizational structure. What do you think about the developments in Latin America this week? Tell us in the comment section below. Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/latam-insights-steve-hanke-advocates-dollarization-in-argentina-bitcoin-city-plans-unclear-in-el-salvador-sunacrip-implicated-in-venezuela-layoffs/

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posted: "Explore Immutable, the leading Web3 game development platform to build and scale Web3 games. Explore Immutable, the leading Web3 game development platform to build and scale Web3 games. Cointelegraph.com Ne" Crypto Kenya What is Immutable, explained May 1 Explore Immutable, the leading Web3 game development platform to build and scale Web3 games. Explore Immutable, the leading Web3 game development platform to build and scale Web3 games. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/what-is-immutable-explained/

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posted: " The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicat" Crypto Kenya BRICS to Promote National Currencies Before Issuing Common One May 1 The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of BRICS States to Precede Launch of Single Currency Experts at BRICS are putting efforts into deepening ties between the economies and financial markets of its member states, with the aim of creating a common currency. However, its possible introduction is a medium-term and even longer-term task, South Africa's ambassador to the organization, Anil Sooklal, told Russian media. "Right now we are working on expanding the use of BRICS national currencies in mutual trade. BRICS has a corresponding agreement, and now we are implementing it in practice, so that the trade of the BRICS countries among themselves is increasingly based on our national currencies," the top representative explained, speaking to the Tass news agency. Sooklal emphasized that an increase in the use of national currencies in trade and investment should precede the creation of a single currency. Different scenarios related to trade and currencies are being considered at the moment, he pointed out and stated: National currencies should be increasingly used by the BRICS states not only in trade, but also in investments and other transactions. Only this way can the foundation for the single BRICS currency be created. Officials from the BRICS group of emerging economies — Brazil, Russia, India, China, and South Africa — are expected to meet in Cape Town, in early June. Anil Sooklal recently told Bloomberg that enlargement will be in the focus of their talks, with a total of 19 other countries showing interest in becoming members of the organization. The idea to issue a common BRICS currency, which is supported by its current members who hope to use it to increase their influence and sidestep Western sanctions, has caused concerns in the United States that the dominant role of the U.S. dollar on the world stage will be undermined. The matter will be discussed at the next BRICS leaders' summit in August. Do you expect the leaders of BRICS nations to speed up the development of a single currency? Share your thoughts on the subject in the comments section below. The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/brics-to-promote-national-currencies-before-issuing-common-one/

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posted: "The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023. The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so f" Crypto Kenya April's crypto scams, exploits and hacks lead to $103M lost — CertiK May 1 The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023. The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/aprils-crypto-scams-exploits-and-hacks-lead-to-103m-lost-certik/

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posted: "Block has completed the design of its new prototype ASIC chip which it says will fast-track its plan to bring "open source" Bitcoin mining rig design to market. Block has completed the design of its new prototype ASIC chip which it says will fast-track" Crypto Kenya Jack Dorsey's nano Bitcoin mining chip heads to prototype May 1 Block has completed the design of its new prototype ASIC chip which it says will fast-track its plan to bring "open source" Bitcoin mining rig design to market. Block has completed the design of its new prototype ASIC chip which it says will fast-track its plan to bring "open source" Bitcoin mining rig design to market. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/jack-dorseys-nano-bitcoin-mining-chip-heads-to-prototype/

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posted: "According to ChatGPT, Bitcoin has a 15% chance it will "fade to irrelevancy" with prices down 99.99% by 2035. According to ChatGPT, Bitcoin has a 15% chance it will "fade to irrelevancy" with prices down 99.99% by 2035. Cointelegraph.com NewsRead Mor" Crypto Kenya Coinbase exec uses ChatGPT 'jailbreak' to get odds on wild crypto scenarios May 1 According to ChatGPT, Bitcoin has a 15% chance it will "fade to irrelevancy" with prices down 99.99% by 2035. According to ChatGPT, Bitcoin has a 15% chance it will "fade to irrelevancy" with prices down 99.99% by 2035. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/coinbase-exec-uses-chatgpt-jailbreak-to-get-odds-on-wild-crypto-scenarios/

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posted: "The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token. The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and st" Crypto Kenya SEC serves $4M in fines to Coinme over 'misleading' UpToken ICO May 1 The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token. The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/sec-serves-4m-in-fines-to-coinme-over-misleading-uptoken-ico/

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posted: " Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto i" Crypto Kenya 'Evil Crypto' Can Be Used in Foreign Trade, Russia's Deputy Finance Minister Says May 1 Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to 'Experiment' With Cross-Border Crypto Payments Amid Sanctions Crypto assets can be used in certain scenarios, Russia's Deputy Finance Minister Alexey Moiseev commented during an economic forum in Moscow. Speaking at the "Banks. Transformation. Economy. 2.0" conference, he was quoted by the RIA Novosti news agency as saying: Of course, crypto is generally evil. I believe that people who invest their savings there take a very big risk … But there may be individual situations in which crypto can be used. Moiseev made it clear he was referring to Russian foreign trade activities, which are currently restricted by Western sanctions. He also reminded that a draft law designed to regulate this matter is still under consideration in the State Duma, the lower house of Russian parliament. "We'll experiment … If the bill is adopted, a certain committee will be formed, including representatives of a number of ministries, the Bank of Russia and law enforcement agencies, which will give permission to individual operators to use cryptocurrency in foreign trade transactions," the high-ranking representative of the executive power elaborated. Alexey Moiseev suggested that the legislative process necessary to provide the legal basis for the trials will likely be delayed until the end of the year. Government officials and lawmakers have been debating various aspects of Russia's regulatory approach toward cryptocurrencies for quite some time. Differences between the Russian Ministry of Finance, with its more liberal views on the issue, and the Central Bank of Russia, which maintains a rather conservative stance on crypto regulations, impeded progress for months. Since sanctions pressure on Russia increased following its invasion of Ukraine, however, they agreed "it is impossible to do without cross-border settlements in cryptocurrency," as Moiseev revealed in September, last year. At the same time, most state institutions are now against legalizing transactions with decentralized cryptocurrencies like bitcoin in Russia, except for the purpose of facilitating international payments under special legal regimes that are yet to be established. Do you think Russia will try to bypass financial restrictions by using cryptocurrencies in cross-border payments? Share your thoughts on the subject in the comments section below. Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to 'Experiment' With Cross-Border Crypto Payments Amid Sanctions Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/evil-crypto-can-be-used-in-foreign-trade-russias-deputy-finance-minister-says/

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posted: "A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors. A survey from the Financial Industry Regulatory Authority (FIN" Crypto Kenya Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey May 1 A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors. A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/friends-and-fomo-pushed-newbie-investors-to-buy-crypto-in-2022-survey/

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posted: " BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China's top diplomat for the region, the leader of the war-torn Middle Eastern country called for usin" Crypto Kenya Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China May 1 BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China's top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade. Economic Clash With West Requires Discarding Dollar, BRICS Leadership, Syrian President Says Confrontation with the United States and the West in general has been taking place mainly in the economic field and that makes it increasingly necessary to ditch the U.S. dollar as a currency for global transactions, President Bashar Assad of Syria was quoted as saying by Sana, the Syrian state-controlled news agency. Assad emphasized that the BRICS bloc, through the adoption of the Chinese yuan for trade transactions between nations, can play a leading role in that regard. He made the comments during a meeting with the Chinese government's Special Envoy for the Middle East, Zhai Jun, whom he received on Saturday. The Syrian leader also praised the Chinese mediation that resulted in the rapprochement between Saudi Arabia and Iran, both of which are applying for membership in BRICS. He believes the improvement of their relations will positively impact the stability of the whole region. According to Assad, the entire world today needs the Chinese presence, politically and economically, to rebalance the global situation. The BRICS alliance constitutes a strong international space capable of creating an international multipolar order, he added. His comments come after his foreign minister recently accused the United States of imposing sanctions on Syria in order to steal its assets and keep it under its hegemony. The Chinese official assured Bashar Assad that Beijing will continue to support Damascus in international forums and "it's battle against hegemony, terrorism and external interference." Zhai Jun also said that China backs the rapprochement between Syria and the other Arab countries. Chinese diplomacy has been quite active in the region and beyond in an attempt to expand the influence of the People's Republic on the global stage. China initiated talks about the potential enlargement of BRICS and has been trying to promote the use of the yuan in international trade while supporting efforts to reduce dependence on the U.S. currency. Do you think China will facilitate the accession of Middle Eastern countries to BRICS? Tell us in the comments section below. BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China's top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade. Economic Clash With West Requires Discarding Dollar, BRICS Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/syria-urges-brics-to-lead-in-ditching-dollar-talks-yuan-adoption-with-china/

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posted: "Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there's two main reasons to be optimistic. Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm " Crypto Kenya 2 reasons why Bitcoin Ordinals are 'positive' for the BTC: Grayscale May 1 Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there's two main reasons to be optimistic. Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there's two main reasons to be optimistic. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/2-reasons-why-bitcoin-ordinals-are-positive-for-the-btc-grayscale/

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posted: "Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark. Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the" Crypto Kenya Gemini 'supportive' of Genesis mediation, but frustrated over pacing May 1 Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark. Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark. Cointelegraph.com NewsRead More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/gemini-supportive-of-genesis-mediation-but-frustrated-over-pacing/

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posted: " Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed "is criminal," he warned that its actions "will bring down" the United States. Robert Kiyosaki Says" Crypto Kenya Robert Kiyosaki Says Regional Banks Are Being Wiped Out — Calls Fed 'Criminal' May 1 Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed "is criminal," he warned that its actions "will bring down" the United States. Robert Kiyosaki Says the Fed Is Criminal The author of Rich Dad Poor Dad, Robert Kiyosaki, warned in a series of tweets this week that the Fed is wiping out regional banks by supporting only the big banks, such as JPMorgan Chase. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Wednesday: "WTF. What The Fed? Why is Fed destroying regional banks across America? Regional banks are [the] heart and soul of [the] economy. Fed via the Repo Market [is] killing regional banks. Is this intentional? Is a depression intentional? WTF is Fed up to? Get $ out of regionals." The renowned author followed up with a tweet Thursday, stating that even online retail giant Amazon is affected by the Fed's actions. "Without credit flowing, Amazon is cutting 18,000 jobs," he stressed, adding: The ripple effect from WTFed will bring down USA … WTFed wiping out regional banks. In a separate tweet, Kiyosaki cautioned that by supporting only the big banks, such as JPMorgan Chase, the Fed is wiping out regional banks. Calling the Fed's action "Cruel," Kiyosaki reiterated his previous statement that regional banks are the heart and soul of America. Calling the Fed "criminal," he then urged his 2.4 million Twitter followers to support small banks and small businesses. On Friday, Kiyosaki warned in another tweet about President Joe Biden's central bank digital currency (CBDC) and went on to recommend his customary choices of investing in additional gold, silver, and bitcoin. He wrote: In his book 1984, George Orwell warned 'Big Brother is watching.' Biden's CBDC is 'Big Brother.' Buy more gold, silver, and bitcoin. In a recent episode of his Rich Dad Show, Kiyosaki discussed economic chaos, war breaking out, and rising starvation. Earlier this month, he said, "America is dying," warning about hyperinflation and the death of the U.S. dollar. Do you think the Fed is criminal like Rich Dad Poor Dad author Robert Kiyosaki said? Do you think regional banks are being wiped out? Let us know in the comments section below. Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed "is criminal," he warned that its actions "will bring down" the United States. Robert Kiyosaki Says the Fed Is Criminal The author of Rich Dad Poor Dad, Robert Source: Bitcoin News Read More Comment Unsubscribe to no longer receive posts from Crypto Kenya. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptokenya.co.ke/robert-kiyosaki-says-regional-banks-are-being-wiped-out-calls-fed-criminal/

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