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Although some investors were said to be unhappy with the offer, Ruann Kruger, an attorney representing Africrypt provisional liquidators, was mentioned in the ITWeb report as saying that the majority of investors had accepted it. In fact, by December 17, claims worth $8.4 million (R131 million) had been paid out to 199 creditors, according to the study.

The study also indicated that if most investors embrace Pennython Project Management's offer, a court move to have Africrypt liquidated could be dismissed. The date for the next court hearing, in this case, has been set for January 22, 2022.

An African startup garnered $6 million in a pre-Series round of funding

The payments to investors, which were intended to be completed by December 22, are believed to essentially halt all claims against the Cajee brothers and give them "an avenue to revive the business," according to one attorney.

Iran ordered crypto miners to cease operations to avoid winter outages

Iranian authorities have once again advised licensed miners to cease operations in the face of power outages during the frigid winter months.

With low temperatures expected to raise energy demands across the country in the coming months, the Iranian government is taking steps to curb usage and avert an electrical shortage. Like those taken earlier this year, the measures will have an impact on the country's burgeoning crypto mining industry.

According to the English-language business newspaper Financial Tribune, Tavanir, the Iran Power Generation, Distribution, and Transmission Company, has advised authorized cryptocurrency mining centres to unplug their power-hungry hardware.

Since last month, Iran's Ministry of Energy has been working to limit the use of liquid fuels in power plants, according to Tavanir's spokesman Mostafa Rajabi Mashhadi. The official described a list of actions that included cutting power to approved crypto farms, turning off lamp posts in safer locations at night, and tight consumption control.

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According to the utility, these efforts will help to avert potential blackouts throughout the winter when electricity consumption is higher. Mashhadi went on to say that Iranian power plants had tried to store some fuel for the coming months but that users should be cautious about how much gas and electricity they use.

Amidst the debate over Web3, Ethereum, and decentralization, Tesla CEO Elon Musk explains why he supports Dogecoin.

Elon Musk's Doge explanation came as he and Billy Markus, the co-creator of Dogecoin, joined a Twitter debate, including Jack Dorsey discussing web3 and Ehtereum. This week, the former Twitter CEO expressed alarm about web3's ownership by venture capitalists (VCs).

"My goal is to produce something, make money, and have fun," Markus wrote. I'm acclimated to the corporate system and don't see any significant breakaway; bitcoin simply lends power to new wealthy individuals." "That's why I'm for Doge," Musk responded.

"I'm not anti-ETH," Dorsey reiterated in the same discussion. I'm opposed to centralized, VC-backed, single-point-of-failure systems and corporate-controlled misinformation. Ethereum isn't the way to go if you want to be anti-establishment. Don't believe me or put your faith in me! Take a look at the basics."

This week, both Musk and Dorsey expressed reservations about web3. "I'm not arguing web3 is genuine — looks more marketing jargon than reality right now," Musk wrote on Twitter.

"Has anyone seen web3?" he followed up with another tweet. I can't seem to find it." "Web3 seems like bs," he commented in early December.

Elon Musk confirmed that Tesla would take DOGE for items, boosting Dogecoin by 25

Tesla's CEO is a big fan of the meme coin dogecoin. In the crypto world, he is even referred to as the Dogefather. In addition to bitcoin and ether, he holds dogecoin.

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Do you think Iran can avoid a power outage with the taken approach?