#coinflash

Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban

Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold in light of the central bank’s decision to ban them, according to a report by the Guardian Nigeria. The regulatory body released a statement officially confirming any plans to regulate the cryptocurrencies are now on hold following a Central Bank of Nigeria (CBN) directive…

Avalanche Developers Rush Client Patch as ‘Bug’ Slows Blockchain Transactions

The Avalanche network has come to a near halt after “a bug in the cross-chain functionality” code that enables the Avalanche protocol and the Ethereum Virtual Machine (EVM) to speak with each other failed under high loads, according to the Avalanche developer team on Reddit. The release of Avalanche‘s newest decentralized finance (DeFi) product, money market Pangolin, snowballed into “insane…

Twitter Considering Bitcoin Options, Including on Balance Sheet, Exec Says

Twitter is considering adding bitcoin to its company reserves, according to chief financial officer Ned Segal. Segal told CNBC’s Squawk Box Wednesday that the social media giant is also looking at payment options involving the top cryptocurrency by market cap. “We have done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in bitcoin, how we might…

Blockfolio Apologizes After Racist Terms Posted in Portfolio App

Blockfolio has apologized after racist posts were distributed over its cryptocurrency portfolio and news app. Overnight, at least two messages purporting to be from major cryptocurrency platforms were posted containing racist terms of abuse via “Signals” – Blockfolio’s communications feed aimed to allow token projects to “connect and engage with their communities.” In a tweet Tuesday morning,…

Top Crypto Exchanges Experience Difficulties as Tesla News Prompts Trading Frenzy

Some of the biggest cryptocurrency exchanges were experiencing technical issues Monday after Tesla’s (TSLA) announcement of a $1.5 billion bitcoin investment saw prices rally to new highs over $44,000. CORRECTION (Feb. 8, 18:00 UTC): Corrects to remove Coinbase from list of affected exchanges. Coinbase reported no new issues today. Like what you read? Give us one like or share it to your…

India May Side-Step Parliament to Push Through Crypto Bill: Report

The Indian government is reportedly planning to fast-track its proposed cryptocurrency bill using the ordinance process. Similar to an executive order in the U.S., an ordinance law is put into effect by India’s president on the recommendation of the cabinet, and would be equivalent to an act of parliament, according to Wikipedia. The route is only supposed to be taken when parliament is not in…

Square Crypto-Led Consortium Challenges Craig Wright’s Bitcoin White Paper Claim

The Cryptocurrency Open Patent Alliance (COPA) is striking back against a cease-and-desist order sent by nChain Chief Scientist Craig Wright with a counter-requirement of their own: First, prove you’re Satoshi Nakamoto, the creator of the white paper.  Like what you read? Give us one like or share it to your friendsoriginal post…

Twitter CEO Jack Dorsey Has Set up His Own Bitcoin Node

Twitter and Square CEO Jack Dorsey is further supporting bitcoin with the launch of his own “node” – software that helps validate transactions and blocks on the network. On Friday, Dorsey shared an image on Twitter showing the node in the action of synchronizing with the bitcoin blockchain. He said simply, “Running #bitcoin.” The node will mean Dorsey has a hand in processing bitcoin…