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))
In a Wednesday speech in Basel, Switzerland, Bank for International Settlements (BIS) chief Agustín Carstens argued that central bank digital currencies (CBDCs) will “sit at the core of the future financial system,” bringing innovation and meeting public expectations.
news.bitcoin.com/bis-chief-touts-benefits-of-cbdcs-says-crypto-reveals-poorly-designed-and-poorly-supervised-financial-systems/
Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin (BTC) traders.
Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1,000 SHIB per contract with up to 25 times leverage.
www.coindesk.com/markets/2023/08/12/shiba-inu-open-interest-tops-100m-raises-red-flag-for-bitcoin/
Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range LowsTech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
www.coindesk.com/markets/2023/07/20/chainlinks-link-pops-15-xrp-loses-steam-as-bitcoin-revisits-296k-range-lows/
Venture capitalist Tim Draper has adjusted his projected timeframe for bitcoin’s price to reach $250,000. Maintaining an optimistic outlook, Draper still expects the world’s largest cryptocurrency to reach his predicted price target but acknowledged that it may take “a little longer.”
news.bitcoin.com/tim-draper-adjusts-timeframe-for-his-250k-bitcoin-price-forecast/
Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit null million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of null.5 million, more than the initially committed null million, with two-thirds of the money donated to two organizations.
news.bitcoin.com/ex-coinbase-exec-balaji-srinivasan-closes-out-1-million-bitcoin-bet/
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month and gemini dollar’s market capitalization slid by 1.5%.
news.bitcoin.com/stablecoin-economy-sheds-another-3-billion-in-44-days/
Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency in the previous year.
news.bitcoin.com/biden-vows-to-veto-house-republicans-fair-tax-act-proposing-elimination-of-irs/