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…
Japanese Village Utilizes NFTs to Support Aging Population
Yamakoshi, a secluded village in the Niigata mountains of Japan, has embarked on a unique digital initiative to support its aging population. Through the sale of non-fungible tokens (NFTs), the…
Marathon Digital Diversifies Mining Strategy with $16 Million in Kaspa Earnings
Marathon Digital, a leading player in the Bitcoin mining industry, has taken significant steps to diversify its cryptocurrency mining operations. The company revealed on June 26 that it has successfully…
Major Australian News Broadcaster’s YouTube Channel Hijacked by Crypto Scammers
The YouTube channel of Seven Network, a leading Australian broadcaster, was compromised by cryptocurrency scammers, showcasing deepfake videos of Elon Musk promoting a crypto giveaway scam. The channel, known for…
State Street Collaborates with Galaxy Digital to Launch Innovative ETFs Expanding Beyond Bitcoin
State Street Global Advisors, an asset management giant, in collaboration with cryptocurrency investment firm Galaxy Digital, is set to introduce a new series of exchange-traded funds (ETFs) that broaden investment…
US Government Transfers 3,940 Bitcoin to Coinbase Exchange
On June 26, the United States government executed a significant transaction by transferring 3,940 Bitcoin to a Coinbase Prime wallet. This event, detailed by on-chain analytics from Arkham Intelligence, marks…
Profitable Cryptocurrency Sectors of Early 2024 Unveiled
The first half of 2024 has showcased significant profitability variations across various sectors within the cryptocurrency industry. Analysis from BitEye, CoinGecko, and Wu Blockchain highlights which areas have thrived and…
UAE Lawyer Warns New Regulations Could Ban Crypto Payments
Crypto and blockchain attorney Irina Heaver has expressed concerns that recent regulations issued by the United Arab Emirates (UAE) may effectively prohibit cryptocurrency payments within the country. These concerns stem…
Bitstamp Prepares for MiCA Compliance by Delisting EURT
As Europe prepares to fully implement the Markets in Crypto-Assets Regulation (MiCA), cryptocurrency exchange Bitstamp is aligning its operations with the new regulatory framework. In a proactive measure, Bitstamp has…
Coinbase Initiates Legal Action Against SEC and FDIC for FOIA Compliance Failures
Coinbase, a major player in the cryptocurrency market, has launched lawsuits against two key U.S. regulatory bodies: the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC).…
Worldcoin Joins Forces with Alchemy to Enhance Blockchain Infrastructure
Worldcoin, known for its innovative iris-scanning biometric digital identity project, has announced a strategic partnership with Alchemy, a leading Web3 development platform. This collaboration, revealed on June 26, aims to…
Hong Kong Focuses on DeFi and Metaverse to Boost Fintech Sector
Hong Kong is positioning itself as a leader in the global fintech landscape by embracing decentralized finance (DeFi) and metaverse technologies. Recent studies conducted by the Hong Kong Institute for…