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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…

Ethereum at Critical Support Level, Risk of Falling Below $2,800 Looms

Ether, the second-largest cryptocurrency by market capitalization, is currently perched precariously at a vital support level. Crypto traders are closely monitoring this situation, as a failure to maintain this support…

Nigerian Cryptocurrency Advocates Demand Regulatory Reforms During Protests

Amidst the ongoing #EndBadGovernanceInNigeria protests, the Nigerian cryptocurrency community is advocating for the inclusion of specific industry demands. The movement, aimed at addressing a wide range of governance issues, presents…

Uber’s New Deal with BYD to Bring Electric Cars to Europe and Latin America

Uber and BYD have announced a significant multi-year strategic partnership that will see 100,000 BYD electric vehicles added to Uber’s ride-hailing platform, starting in Europe and Latin America. The partnership,…

UAE Residents to Trade Cryptocurrency Directly Through Bank Accounts

Crypto exchange M2 has launched a groundbreaking service that allows residents in the United Arab Emirates (UAE) to directly buy and sell major cryptocurrencies—Bitcoin and Ether—using their local bank accounts.…