Global Downtrend: Over 600 Bitcoin ATMs Decommissioned in Recent Months
In the first two quarters of Q3 2024, the global network of Bitcoin ATMs saw a significant reduction, with more than 600 units going offline. This trend, particularly pronounced in…
Meta Oversight Board Approves “From the River to the Sea” Slogan in Key Ruling
Meta’s Oversight Board has upheld the company’s decision to allow Facebook posts containing the phrase “From the River to the Sea,” concluding that a blanket ban on the slogan would…
Detained Binance Executive Seeks New Bail Amid Health Concerns
The trial of Tigran Gambaryan, a Binance executive currently detained in Nigeria, resumed on September 2, 2024. As the proceedings continue, Gambaryan’s legal team has filed a renewed motion for…
Qatar Unveils Regulatory Framework for Digital Assets
The Qatar Financial Centre (QFC), located in Doha, has launched a comprehensive regulatory regime dedicated to fostering the development and management of digital assets. This initiative is set to provide…
Nigeria Grants First Cryptocurrency Exchange License, Ushering New Regulatory Era
The Nigerian Securities and Exchange Commission (SEC) has awarded Quidax, an Africa-based cryptocurrency exchange, its inaugural provisional operating license. This landmark decision heralds a new phase of formal recognition and…
Nigeria’s SEC Awards First Operational License to Local Crypto Exchange Quidax
The Nigerian Securities and Exchange Commission (SEC) has taken a significant step forward in the regulation of the cryptocurrency sector by issuing its first provisional operating license to Quidax, an…
Scrutiny Intensifies Over Binance’s Seizure of Palestinian Crypto Funds
Binance, a leading global cryptocurrency exchange, is at the center of controversy following allegations that it confiscated cryptocurrency funds from Palestinian users at the request of Israeli authorities. Ray Youssef,…
Health Concerns Escalate for Binance Executive Detained in Nigeria
The family of Tigran Gambaryan, a Binance executive detained in Nigeria for alleged financial crimes, has expressed grave concerns regarding his deteriorating health condition after six months in custody. Gambaryan’s…
Local Crypto Stakeholders Advocate for Compliance-Based Regulation in Nigeria
Local stakeholders in Nigeria’s cryptocurrency sector are pushing for a regulatory framework that emphasizes compliance over criminalization. This shift is championed by Obinna Iwuno, the former president of the Stakeholders…
Meta Blocks WhatsApp Accounts Linked to Iranian Hackers Targeting Biden and Trump Officials
Meta has recently blocked a “small cluster” of WhatsApp accounts connected to Iranian hackers who targeted officials associated with both President Joe Biden and former President Donald Trump. Who Is…
Abu Dhabi Outlines Regulatory Framework for Fiat-Referenced Tokens
In response to increasing interest from stakeholders, Abu Dhabi‘s Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) is taking significant steps to regulate fiat-referenced tokens (FRTs),…
Nigerian SEC Set to Issue Licenses for Cryptocurrency Platforms Amid Market Expansion
The Nigerian Securities and Exchange Commission (SEC) is poised to issue licenses to cryptocurrency exchanges, marking a significant development in the regulatory framework for digital assets within the country. This…
OpenAI Dismantles Iranian Operation for Misusing ChatGPT to Generate Fake News
OpenAI announced on Friday, August 16, that it had identified and dismantled an Iranian influence operation, named Storm-2035, which was using ChatGPT to generate fake news articles and social media…
Nigeria’s Tax Authority Proposes Comprehensive Legislation for Cryptocurrency Regulation
The Federal Inland Revenue Service (FIRS) in Nigeria is set to approach the National Assembly to support a new law aimed at regulating the cryptocurrency sector. This move, announced by…
Lagos State Unveils Plan to Tokenize Real Estate to Increase Revenue
The Lagos state government in Nigeria has embarked on an innovative journey to tokenize real estate using blockchain technology. This initiative aims to enhance transparency, streamline property transactions, and significantly…
Nasdaq Seeks Regulatory Approval to List Options for Spot Ethereum ETFs
Nasdaq has officially approached U.S. regulators with a proposal to allow options trading on spot Ethereum exchange-traded funds (ETFs), according to a regulatory filing dated August 6. This request specifically…
Crypto Investment Products Lose $528M Due to Recession Concerns, Reports CoinShares
A new report by CoinShares highlights a troubling trend in the cryptocurrency market, with significant capital outflows recorded last week, pointing to growing investor anxiety. These outflows coincide with increasing…
Global Market Downturn Leads to Over $1 Billion in Crypto Liquidations
On August 5, the cryptocurrency market experienced a steep decline, contributing to significant financial losses for investors and traders. This downturn was largely influenced by the global economic slowdown and…
Bitcoin Falls Below $50K as Crypto Market Sees 17% Decline
Bitcoin’s price has recently dipped below the $50,000 mark for the first time since February, touching a low of $49,351 before showing signs of recovery toward the $51,000 level. This…
$500 Billion Vanished: Crypto Experiences Its Largest Three-Day Decline in a Year
The cryptocurrency market has just undergone its most drastic three-day sell-off in nearly a year, erasing approximately $510 billion in total market capitalization since August 2. This significant downturn in…