CBN Clarifies No Directive Issued for Freezing Crypto-Linked Accounts
The Central Bank of Nigeria (CBN) recently found itself at the center of controversy due to a misreported directive that allegedly required all Nigerian banks and financial institutions to freeze…
Binance Executive Detained in Nigeria: A Comprehensive Overview
Tigran Gambaryan, a key executive at cryptocurrency exchange Binance, has been detained in Nigeria since February 2023, facing serious allegations. Reports from April 23, 2023, confirm that Gambaryan will continue…
Bitcoin Halving May Create Demand Five Times Greater Than Supply, Says Bitfinex
The recent halving of Bitcoin’s mining reward has significant implications for the cryptocurrency’s market dynamics, possibly increasing demand to five times that of its supply, according to a new analysis…
Record $107 Million in Bitcoin Mining Revenue on Halving Day
On April 20, 2024, a landmark day in the cryptocurrency industry, Bitcoin mining revenue soared to a new all-time high, crossing the $100 million threshold for the first time. Miners…
Bitcoin Halving Sparks Surge in Layer 2 Adoption
On April 20, Bitcoin marked a significant milestone with its fourth halving event, known as “Epoch V.” This event, which slashes the new bitcoin supply by 50%, not only celebrated…
Tether’s Issuance on TON Blockchain Reaches $60M, Marking a ‘Great Start,’ Says CEO
Since its introduction to The Open Network (TON) on April 19, Tether (USDT) has experienced significant growth, with $60 million worth of the stablecoin now issued, making TON the 11th-largest…
Bitcoin Miners Eye AI Integration in Post-Halving Era, CoinShares Reports
In the wake of the recent Bitcoin halving, which cut the reward for mining by 50%, CoinShares has released a report suggesting that crypto miners may increasingly turn to artificial…
Bitcoin Transaction Fees Plummet Following Record High on Halving Day
Just one day after the fourth Bitcoin halving event, which saw average transaction fees soar to a record $128, the fees have dramatically decreased. On April 21, the cost for…
Bitcoin Maintains Stability Following Its Fourth Halving Event
On Friday, Bitcoin experienced its fourth halving, a significant event in the cryptocurrency’s lifecycle that adjusts the rate at which new coins are generated. Despite the potential for volatility, Bitcoin…
Generative AI’s Potential in Healthcare Questioned
Generative AI, a rapidly advancing technology capable of generating and analyzing diverse data formats such as images, texts, and videos, is progressively making inroads into the healthcare sector. This technological…
Binance Secures Dubai Crypto License as Co-Founder Zhao Relinquishes Voting Power
Binance, the world’s largest cryptocurrency exchange, has successfully obtained a Virtual Asset Service Provider (VASP) license in Dubai, marking a significant regulatory milestone. This achievement came after Changpeng Zhao, Binance’s…
Tether CEO Stresses Importance of Competition in Stablecoin Market for Regulatory Engagement
Tether CEO Paolo Ardoino, speaking at Paris Blockchain Week, highlighted the significance of Ripple’s decision to launch its own stablecoin, noting that this move could enhance the legitimacy of the…
Normalizing Trends Emerge in Spot Bitcoin ETF Market After Initial Hype
The initial excitement surrounding the launch of spot Bitcoin ETFs appears to be waning as the market begins to stabilize. This shift in momentum has been marked by a recent…
Tether and Circle Adopt Contrasting Strategies to Navigate Global Stablecoin Regulations
As the integration of traditional financial systems with the cryptocurrency economy deepens, significant stablecoin issuers like Tether and Circle are charting distinct paths through the evolving regulatory landscape. Each company’s…
Meme Coins and AI Tokens Rally, Leading Market Recovery Following $2 Billion in Bitcoin-Related Liquidations
In the latest turn of events in the cryptocurrency markets, meme coins and artificial intelligence (AI)-linked tokens have demonstrated significant gains, reversing the losses incurred over the weekend. This resurgence…
Impact of Binance Crackdown on Nigeria’s Web3 Industry
The Nigerian government’s stringent actions against Binance executives are casting a long shadow over the country’s Web3 sector, leading to a significant withdrawal of investor interest and confidence. This chilling…
Extradition Efforts Underway as Fugitive Binance Executive Located in Kenya
The Nigerian Government is currently undertaking efforts to extradite Binance executive Nadeem Arjarwalla back from Kenya, where he reportedly fled after escaping custody. This development follows allegations of currency manipulation…
Bitcoin’s Decline Amid Iran-Israel Conflict Signals Caution for Global Markets
Bitcoin faced significant challenges in regaining momentum following its largest drop in over a year, mirroring a broader downturn across the cryptocurrency markets driven by increased geopolitical tensions in the…
Apple Warns iPhone Users of Spyware Threats in 92 Countries
Apple Inc. has issued warnings to iPhone users in 92 countries about the threat of highly sophisticated mercenary spyware attacks. On Wednesday, at 12 p.m. Pacific Time, the tech giant…
dYdX Chain Experiences Production Stoppage Post-Network Upgrade
In a recent turn of events that has caught the attention of the decentralized finance (DeFi) community, dYdX, a leading DeFi protocol, is currently addressing a significant halt in block…