Bitcoin Hashrate Drawdown Dips to December 2022 Levels
The Bitcoin hashrate drawdown, a crucial metric measuring dips in the relative computing power of the Bitcoin network, has declined to levels not seen since December 2022, following the collapse…
Nigerian Analyst Advocates for Crypto Regulation Modeled After European Standards
A Nigerian data and policy analyst, Obinna Uzoije, has commended the European Union’s recent implementation of the Markets in Crypto-Assets Regulation (MiCA) pertaining to stablecoins. He believes that such regulatory…
Historical Trends Suggest Potential Bitcoin Recovery in July
Despite experiencing a 7% decline in June, Bitcoin may be poised for a strong rebound in July, continuing a pattern observed in previous years. Historical data from Coinglass, which has…
Bitfarms Mined 21% More Bitcoin in June Amid Riot Takeover Attempts
Bitcoin miner Bitfarms increased its month-on-month Bitcoin production by 21% in June while defending against a takeover attempt by Riot Platforms, one of its main competitors. In June, Bitfarms mined…
SEC Files Lawsuit Against FTX-Linked Bank, Alleging Fraud
The United States Securities and Exchange Commission (SEC) has taken legal action against Silvergate Capital Corporation, the parent company behind a crypto-friendly bank accused of facilitating fraud at the now-defunct…
Ether Investment Products Experience Largest Outflows Since 2022
Ethereum exchange-traded products faced a challenging end to June, recording the highest outflows since August 2022. According to CoinShares’ weekly analysis, investors withdrew $61 million from Ether investment products between…
Philippines Implements Tether’s USDT for Social Security Contributions
In a groundbreaking move, Tether, the world’s largest stablecoin issuer, has collaborated with the Philippines’ Social Security System (SSS) to integrate cryptocurrency as a viable payment option for social security…
Decrease in Crypto Hacking Incidents: June Sees a 54.2% Reduction in Losses
June witnessed a significant decline in the financial impact of cryptocurrency hacks, with losses plummeting by 54.2% compared to the previous month. This marked reduction highlights a shift in the…
Floki Inu Issues Alert on Counterfeit Tokens Across Solana and Base Platforms
Floki Inu, a prominent memecoin project, has issued a warning to its users and the broader cryptocurrency community regarding fraudulent tokens falsely claiming affiliation with its brand. These unauthorized tokens…
Global Cryptocurrency ATM Installations Approach Historical Peak
The global landscape of cryptocurrency ATMs has witnessed a notable resurgence, with the number of installations nearing its historical peak set in December 2022. Over the past year, the total…
Launch of U.S.-Based Spot Ethereum ETFs Postponed Due to SEC Review Delays
The anticipated launch of spot Ether exchange-traded funds (ETFs) in the United States, initially expected as early as July 2, has encountered delays. The U.S. Securities and Exchange Commission (SEC)…
Nigerian Chair Highlights Blockchain and AI as Tools Against Illicit Financial Flows in Africa
At the recent Pan-African Conference on Illicit Financial Flows and Taxation, Olanipekun Olukoyede, the chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), emphasized the critical role of blockchain technology…
U.S. Court Advances Majority of SEC Claims in Lawsuit Against Binance
In a significant development, Binance, the world’s largest cryptocurrency exchange, faces continued legal challenges as a U.S. court has decided to allow most claims lodged by the Securities and Exchange…
Billionaire Expresses Skepticism on Significant Bitcoin Price Increases
Peter Thiel, the former CEO of PayPal and a prominent investor through his Founders Fund, has voiced skepticism about the potential for a significant increase in Bitcoin’s price from its…
IRS Unveils Final Guidelines for Crypto Broker Reporting Regulations
On June 28, the United States Internal Revenue Service (IRS) announced the completion of its final draft concerning new reporting requirements for crypto brokers. These new regulations aim to refine…
Bitget Announces $20 Million Investment Fund to Boost Telegram’s TON Ecosystem
In a significant development for The Open Network (TON), Bitget, a prominent crypto exchange, in partnership with Singapore-based Foresight Ventures, has announced the launch of a $20 million TON Ecosystem…
Australia Enhances Data Program to Identify Non-Compliant Crypto Taxpayers
As the Australian financial year draws to a close on June 30, the Australian Tax Office (ATO) is intensifying its oversight on cryptocurrency gains. With taxpayers starting to lodge their…
Binance Implements Enhanced Security Protocols to Combat Account Misuse
Binance, the largest cryptocurrency exchange globally, has announced the implementation of new security measures aimed at curbing the misuse of account features and preserving the integrity of its platform. These…
Nigerian Blockchain Committee Advocates for Equitable Settlement in Binance Dispute
The Blockchain Industry Coordinating Committee of Nigeria (BICCoN), representing the country’s blockchain sector, has voiced its concern over the legal disputes between global crypto exchange Binance and the Nigerian government.…
Vanuatu Set to Enact Long-Awaited Cryptocurrency Legislation in September
The Pacific Island nation of Vanuatu is poised to enact a significant digital asset and service provider bill by September. This development, eagerly anticipated by the local and international financial…