Nigeria, Africa’s most populous nation, has witnessed a burgeoning interest in digital currencies. According to a report, Nigeria’s recent spike in crypto usage can be attributed to economic conditions and the nation’s youth-driven technological resurgence. The implications of this growing trend can’t be understated, especially considering Nigeria’s position as Africa’s largest economy. Nigerians are seeking […]

In a dramatic turn of events, the legal representatives of Joe Bankman and Barbara Fried, parents of crypto mogul Sam Bankman-Fried (SBF), have vigorously responded to FTX’s lawsuit against them.  According to a report from The Block, the legal team of Sean Hecker and Michael Tremonte dismissed FTX’s claims as “completely false” and raised concerns about […]

The rise of cryptocurrencies and the continued acceptance of these tokens as a medium of exchange led to the emergence of a number of crypto gambling sites in a gambling industry that had already experienced significant growth over the last few decades.  While it is great to see cryptocurrencies enjoying a use case in this industry, […]

In a recent blow to the US Securities and Exchange Commission (SEC), a federal magistrate judge has rejected the regulator’s request for immediate access to Binance.US’s software.  The decision comes as part of the ongoing case between the SEC and the crypto-trading platform, which has been facing scrutiny over its operations. Related Reading: Thailand Targets […]

Data shows the Bitcoin mining hashrate has set a new all-time high recently, forcing the network to up its difficulty by about 5.5%. Bitcoin Mining Hashrate Has Observed A Strong Surge Recently The “mining hashrate” refers to the total amount of computing power that the Bitcoin miners have connected to the network. This value can […]

The FTX saga continues to unfold almost one year after the crypto exchange first filed for bankruptcy. With the year 2023 already seeing moves being made to prosecute founder Sam Bankman-Fried and make creditors whole, the crypto exchange has made a move on the disgraced CEO’s parents in a new filing with the court. FTX […]

Thailand’s Revenue Department has unveiled its plans to impose personal income tax on the foreign earnings of residents. According to reports, this proposed tax policy has specific targets in the population, including crypto traders who reside in the Southeast Asian country for up to 180 days a year. Thailand’s Revenue Department Tweaks Tax Policy On […]

Since its anticipated launch on August 16, the Shiba Inu Layer 2 solution, Shibarium, has been under the spotlight, facing a mix of challenges and milestones. The platform, shortly after its launch, encountered an unexpected halt in block production owing to an immense surge in traffic. The lead developer, Shytoshi Kusama, elucidated on this setback, […]

FTX lawyers have been making moves regarding lawsuits against crypto influencers and celebrities hired to promote the exchange during the height of its operations. However, the exchange looks to be finding other ways out of these legal disputes by choosing to settle with these influencers. Proposed Settlements With Other Defendants In the aftermath of FTX’s […]

Ethereum layer-2 scaling solution Optimism has announced a new airdrop of OP tokens worth $26 million to active governance participants.  This airdrop tagged Airdrop 3 marks the third round and will distribute 19.4 million OP tokens to 31,000 unique addresses. The developers aim to boost engagement on the Optimism network by rewarding users for participating. Optimism […]

TikTok, the wildly popular video-sharing platform, is currently grappling with an onslaught of fraudulent cryptocurrency giveaways that prey on users’ trust in themes related to Elon Musk, his electric vehicle and aerospace companies SpaceX and Tesla.  A recent report from Bleeping Computer sheds light on these deceptive schemes, revealing the tactics employed by scammers to […]

Pro-Crypto US SEC Commissioner Hester Pierce has urged crypto firms not to back down in the push for regulatory clarity amidst the US Securities and Exchange Commission’s (SEC) continued clampdown on several notable digital asset companies.  Regulatory Uncertainty “Shall Pass” Despite the not-so-cordial relationship that may exist between the SEC and stakeholders in the crypto […]

Anticipation builds in both the traditional financial as well as Bitcoin and crypto sectors as the Federal Reserve’s FOMC rate decision looms this Wednesday at 2:00 pm ET. Federal Reserve Chair Jerome Powell will address the public, shedding light on the decision, 30 minutes post-announcement. Reviewing The Macro Economic Landscape The recent months have witnessed […]

With a market valuation of almost $520 billion and a current price of $26,690, Bitcoin has reclaimed the limelight. It now accounts for more than half of the entire cryptocurrency market. This turning point is important because it occurs at a time when many alternative cryptocurrencies are stagnating or declining. It’s worth noting, though, that […]

In a notable development, the New York Department of Financial Services (NYDFS) has undertaken a substantial revision of its virtual currency framework, resulting in XRP, Dogecoin, Litecoin, among others being removed from the state’s “greenlist”. Late Monday’s announcement signified a pivotal alteration to the list that enumerates approved tokens for DFS-licensed firms. Prior, this greenlist […]

Binance.US finds itself grappling with an array of difficult obstacles, each of which has contributed to a notable downturn in its trading operations. These unforeseen obstacles have collectively cast a shadow over the platform’s once-vibrant trading landscape, prompting concerns about its sustained viability in the market. The monthly trading volume of Binance.US, the American counterpart […]

In a recent development, the United States Securities and Exchange Commission (SEC) unsealed court filings related to the ongoing litigation against Binance.US and BAM Management US Holdings Inc.  The filings provide insights into the defendants’ responses and objections to the plaintiff’s first requests to produce documents and inspection. Related Reading: Binance Under Fire: SEC Files […]

Latest data from Kaiko, a blockchain analytics firm, reveals that while XRP prices are down 46% from July 2023 highs, its liquidity has significantly improved in the past two months, expanding 50% from $8 million to $12 million as of early September. XRP’s Liquidity Rising The jump in market depth follows a United States court ruling […]

In a recent interview with Fortune Magazine, Anatoly Yakovenko, renowned entrepreneur and co-founder of Solana, emphasized the urgent need for regulatory clarity in the blockchain industry to attract and retain top talent in the United States.  Yakovenko, who experienced the stark contrast between limited opportunities under Soviet rule and other possibilities in America, believes that […]

Death crosses appearing in the chart of any digital asset can be bad and the XRP price is no different in this regard. The token presently looks to be heading toward another notable drop in price as an analyst points out a looming death cross. XRP Death Cross Could See Price Fall According to a […]

In light of a surge in illicit activities associated with the over-the-counter (OTC) crypto trading market, South Korea is increasing its regulatory scrutiny. Financial regulators in this tech-forward nation are actively delving into the largely unregulated domain of OTC crypto trading in the Asian country. The report claims a sense of urgency to establish concrete […]