Nigerian trade association asks government to ban Binance, here’s why
The association felt Binance was aggravating the pressure on the national currency. Nigerian currency recently weakened to 917 naira per dollar. The Association of Bureau De Change Operators of Nigeria…
Crypto crime drops significantly in 2023, but it’s not all good news
The finding was a part of a recent Chainalysis crypto crime report. Interestingly, ransomware attacks have grown at a striking pace in the crypto market. Crypto-related crimes have dropped by…
As dYdX [DYDX] freezes out of Canada, how did its indicators perform
dYdX announced the winding down of user access for Canadian users. The dYdX token was attempting recovery on a daily timeframe, while active addresses and volume declined. On 7 April,…
Coinbase receives Wells Notice from SEC relating to securities law violations
Coinbase received a Wells Notice by the SEC today The notice is related to services provided by the exchange, which includes its Earn program The United States Securities and Exchanges…
Circle will cover funds shortfall caused by Silicon Valley Bank collapse
Circle stated that it initiated to transfer of $3.3 billion funds remaining in SVB However, the transfer was not processed as of Friday and the could be processed on Monday…
Hong Kong set to issue tokenized green bonds, details inside
Hong Kong is still committed to becoming a crypto hub, despite the recent market events. The government will soon issue tokenized green bonds to institutional investors. Hong Kong’s vision to…
United Kingdom implements crypto tax exemption for foreign investors
The UK has extended a crypto tax break for foreign investors who buy crypto using local brokers. The move is in line with PM Sunak’s vision to turn the UK…
Canadian Central Bank emphasizes need for stablecoin regulation
The global market for fiat-referenced crypto assets increased 30-fold between the beginning of 2020 and mid-2022. The top three fiat-referenced crypto assets currently control 90% of the total fiat-referenced crypto…
Breaking: Binance.US wins bid to acquire Voyager assets
The defunct crypto platform – Voyager – announced that Binance.US has won the bid to acquire its assets. The crypto platform stated that Binance.US was its “highest and best bid”….
New York governor passes moratorium on Proof-of-Work mining
The state of New York now has stricter laws on crypto mining thanks to Kathy Hochul, the governor of the state. The measure places a two-year freeze on the issuance…