Voyager Crypto Faces Ban and Legal Action Following False FDIC Claims
After reaching a settlement with the Federal Trade Commission (FTC), Voyager, a bankrupt cryptocurrency company, is permanently prohibited from managing…
Category: Crypto
MetaMask Adds Cash-Out Feature, Allowing Users to Convert Crypto to Fiat
MetaMask, the largest self-custodial internet-connected wallet with over 22 million users, has introduced a cash-out feature that enables users to…
Nigerian Crypto Platform Patricia Plans to Repay Hacked Funds with Debt Management Token, Tied to Profitability
Nigerian cryptocurrency platform Patricia has revealed its intention to use a newly created debt management token, the Patricia Token (PTK),…
Founder of Collapsed Cryptocurrency Exchange Faces Challenges in Prison Ahead of Trial
Sam Bankman-Fried, the founder of the now-collapsed cryptocurrency exchange FTX, is reportedly facing difficulties in preparing for his upcoming fraud…
Binance Shuts Down Fiat-to-Crypto Platform Amidst Crypto Market Fluctuations
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform, Binance Connect. This decision comes as…
Inflows into Nigeria’s Investors and Exporters Window Rise to $2.55bn
Data obtained from the FMDQ revealed that the total inflows into Nigeria’s Investors and Exporters Window (I&E Window) reached $2.55…
Binance Operations in Nigeria have been Deemed Illegal by the SEC and the US Commission.
In an effort to make Binance’s operations in Nigeria illegal, the Securities and Exchange Commission (SEC) has joined the United…
A Bitcoin Site with over a million Nigerian Members is Shut Down.
Paxful, a peer-to-peer Bitcoin exchange with 1.5 million customers in Nigeria, has announced that it is ceasing operations.” According to…
Forex Influxes Into The Nigerian Economy Fall By 40% To $26 Billion.
Inflows of foreign currency into the Nigerian economy decreased year over year by 40%, from $44.01 billion in the first…
Bitcoin Adoption Rates Decline as Price Drops by 65%.
The most popular cryptocurrency, Bitcoin, saw a global price decline of 65.29 percent in 2022. In a year that was…
Latest Updates on the Worlds Largest Crytocurrency- Bitcoin.
Despite a 5% increase to $871 billion since January 1 and a decline of more than 57% from this time…
IMF Advocates for Stricter Crypto Legislation.
The International Monetary Fund has advocated for tighter regulation of crypto markets in Africa in light of the recent collapse…
Bitcoin Gains close to $16,800.
In the midst of tense trading activity on the cryptocurrency market, the price of Bitcoin (BTCUSD) increases moderately. BTC’s price…
Goldman AM Predicts 2023 will be the most Promising Year for Bonds in Almost a Decade.
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the coming year is looking…
Super Central Bank Week Pressures Crypto Market.
Following its last six significant rate increases in 2022, the US Federal Open Market Committee (FOMC) declared that it would…
Canada’s Largest Pension Plan Abandons its Cryptocurrency Investment Strategy.
CPPI said it has not made any direct investments in cryptocurrencies. The decision by CPPI also comes after the collapse…
The UK is Completing its Plans to Regulate the Cryptocurrency Industry.
According to the Financial Times, the British Treasury is putting the finishing touches on plans for a package of regulations…
Nigeria FG Plans To Tax Cryptos And Other Digital Assets Despite Restricting Transactions.
Finance Minister Zainab Ahmed claims that the 2022 finance bill has a provision to tax cryptocurrencies and other digital assets,…
3 Kenyan Businesses Received Billions from the Defunct US Crypto Firm FTX.
Regulatory filings and court documents reveal that Sam Bankman-$32 Fried’s billion crypto empire, which collapsed, invested through Alameda Research in…
CBN Reimburses Non-oil Exporters with N81 billion.
According to the Central Bank of Nigeria, non-oil export proceeds returned to Nigeria increased significantly from $3. 1 billion in…
Bitfront, a Cryptocurrency Exchange, has Shut Down.
Despite efforts to overcome challenges in the rapidly evolving industry, Bitfront, a U.S. Crypto exchange backed by Japanese social media…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion Liability.
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital infusion…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of bankruptcy. Sam…
As the Cryptocurrency Market Collapses, Binance Intends to Purchase FTX.
To aid with a “liquidity bottleneck” at the rival exchange, cryptocurrency giant Binance reached a non-binding deal on Tuesday to…
Crypto Giants are Massively Buying Bitcoin through Binance and Coinbase
Despite uncertain market conditions, two significant Bitcoin firms are reportedly storing BTC at the moment. This year, the benchmark virtual…
A Decline in Network Traffic Might Push Ether’s Price Below $1,000.
Over the past four months, Ethereum’s daily active address (DAA) count has significantly decreased. Notably, the price of Ether has…
Despite a Market Sell-off, Payment-focused Cryptocurrencies Rally.
XRP, the token closely associated with Ripple Labs, and MKR, the lending platform Maker, are the only payment-focused cryptocurrencies that…
US Treasury Says Cryptocurrency Industry Might Endanger Financial Stability.
The US Treasury Dept’s Financial Stability Oversight Council (FSOC) has concerns on cryptocurrencies; and also their ability to affect the…
The Top 5 Cryptocurrencies in October 2022.
September saw a 3.12% monthly decline in the market capitalization of cryptocurrencies, falling from $973. 9 billion at the start…
The Eurozone’s Economic Growth May Come To A Halt.
According to the deputy president of the European Central Bank (ECB); economic growth in the Eurozone has slowed and may…