Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $ 86 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo $ 12.5 million in cash. The funds will be sourced both internally and from external financiers. [news.bitcoin.com/south-african-fintech-startup-leseka-tech-signs-deal-to-buy-payments-provider-for-86m/**](https://news.bitcoin.com/south-african-fintech-startup-leseka-tech-signs-deal-to-buy-payments-provider-for-86m/](https://news.bitcoin.com/south-african-fintech-startup-leseka-tech-signs-deal-to-buy-payments-provider-for-86m/))
Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking. This change marks a significant pivot from their earlier filings, which had contemplated engaging trusted staking providers to manage part of the trust’s assets. [news.bitcoin.com/ark-invest-removes-staking-option-from-latest-ethereum-etf-proposal/**](https://news.bitcoin.com/ark-invest-removes-staking-option-from-latest-ethereum-etf-proposal/](https://news.bitcoin.com/ark-invest-removes-staking-option-from-latest-ethereum-etf-proposal/))
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Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading. Nigerian authorities are reportedly seeking to ban peer-to-peer crypto trading. One stakeholder has urged participants in the Nigerian crypto space to ‘identify the bad actors and inform the government. [news.bitcoin.com/nigerian-experts-say-past-central-bank-policies-drove-users-to-p2p-crypto-platforms/#google_vignette**](https://news.bitcoin.com/nigerian-experts-say-past-central-bank-policies-drove-users-to-p2p-crypto-platforms/#google_vignette](https://news.bitcoin.com/nigerian-experts-say-past-central-bank-policies-drove-users-to-p2p-crypto-platforms/#google_vignette))
Speculative crypto demand is widening beyond Bitcoin’s revival.
Gauges tracking the bottom half and 30 mid-tier tokens in MarketVector’s index of the largest 100 digital assets are up 16% and 14% respectively so far in November — exceeding the wider measure’s 4% gain and a 1% rise in Bitcoin.
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. news.bitcoin.com/xrp-value-plunges-39-post-sec-verdict-xrp-army-remains-optimistic-amid-market-turbulence/
As such, XRP traded at levels higher than the broader market for at least a few hours, price chat data shows. Some market observers opined a seller placed a spoof order at $50 per XRP, which was unintendedly filled by a buyer who may have “fat-fingered” the trade.
Market depth data shows XRP liquidity on Gemini remains relatively low, with only a $37,000 order required to move prices by 2% on the exchange. In contrast, the same price move on Binance would require at least $2.2 million. www.coindesk.com/markets/2023/08/11/xrps-market-cap-momentarily-zoomed-to-trillions-of-dollars-on-gemini/
The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal inscriptions. news.bitcoin.com/ordinal-inscriptions-approach-19-million-amid-stagnant-fees-bitcoin-nft-sales-drop/
Poly Network Attacker Issues 'Worthless' Billions in SHIB, BNB, BUSD in Latest Crypto HackAn estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions. www.coindesk.com/tech/2023/07/02/polynetwork-attacker-issues-worthless-billions-in-shib-bnb-busd-in-latest-crypto-hack/
As fears mount that the United States government may default on its debt obligations, Geoff Kendrick, a forex research head at Standard Chartered, said such an event would cause the price of bitcoin (BTC) to surge by more than $20,000. While Kendrick characterizes the default as a “low-probability, high-impact event,” he nonetheless suggested that the top cryptocurrency’s reputation for performing well when markets are down as well as its safe haven status means the nearly 70% surge in its price is possible. news.bitcoin.com/standard-chartered-analyst-btc-to-surge-by-20000-if-the-us-defaults-on-debt-obligations/
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” news.bitcoin.com/bank-of-america-is-preparing-for-possible-us-debt-default-says-ceo-brian-moynihan/