Sam Bankman-Fried Wants His Case Thrown Out of Court
The lawyers of FTX founder Sam Bankman-Fried last Monday, May 8, filed petitions to dismiss the charges brought against him by the US government, of involvement in fraud.
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Zimbabwe Unveils Gold-Backed CBDC
Zimbabwe has presented a digital currency that is backed by gold.
Kenya Proposes Crypto Transfer Tax
The Kenyan national budget, which will be presented on June 8, proposes a 3% tax on the transfer of digital crypto assets
Bitdeer and Bhutan Investment Arm Launch Sustainable Digital Asset Mining
The upcoming carbon-free digital asset mining operations in Bhutan complement Bitdeer’s international expansion, with existing data centers in Northern Europe and North America
Coinbase Gives Up On Bitcoin-Backed Loans
Coinbase stopped issuing new Bitcoin-backed loans through its Borrow service, which allowed users to borrow up to $1 million with no credit check The crypto exchange Coinbase informed its customers that starting May 10, 2023, the company terminates its Coinbase Borrow service which allowed US users to receive fiat loans with crypto collateral. The lending feature […]
Coinbase Debuts Offshore Exchange
Coinbase announced the launch of an international cryptocurrency exchange.
Nigerian SEC Considers Tokenized Assets Not Crypto
Preparing new industry regulations for digital asset platforms, Nigeria doesn’t plan to include cryptocurrencies According to Bloomberg, the Nigerian Securities and Exchange Commission (SEC) is considering allowing licensed digital exchanges to list tokens backed by certain assets. However, the regulator clarified it didn’t concern cryptocurrencies. Despite the previous reports that the government of Nigeria is preparing to […]
Mastercard Crypto Credential to Boost Trust in Blockchain
The first use case trial of the Mastercard Crypto Credential solution will enable blockchain transfers between U.S. and LAC
Visa Looks for Staff to Fulfil Crypto Ambitions
Visa job openings reveal the company’s “ambitious crypto product roadmap”
EU Parliament Approves Transfer of Funds Crypto Regulation
The Transfer of Funds regulation presupposes applying the same tracing requirements to crypto asset transfers as EU regulators demand from traditional money transfer providers The EU Parliament has voted to approve a new set of rules that allows the tracing of crypto-asset transfers, including bitcoin and electronic money tokens. The Transfer of Funds Regulation (TFR) means that […]
Binance Reverses Course and Abandons $1 Billion Voyager Deal
Binance.US crypto exchange has terminated the agreement to purchase the bankrupt crypto firm Voyager Digital.
Zimbabwe is Working on Gold-Backed Digital Currency
Gold-backed digital currency to be introduced by the Reserve Bank of Zimbabwe is supposed to stabilize the highly volatile Zimbabwean dollar
African Blockchain VC Funding Surged Over 400%: Report
Africa is the only region globally to have experienced an explosion in blockchain venture funding in 2022
EU Parliament Votes for New Crypto Rules
The European Parliament has voted to approve the rules for licensing cryptocurrencies in the crypto assets market (MiCA) as binding.
Hong Kong Considers Cryptocurrencies as Property
The recent ruling of a Hong Kong court suggested that cryptocurrencies have property attributes, giving local insolvency practitioners greater clarity in terms of digital assets
Coinbase Receives Bermuda License: Offshore Exchange Soon to Come
Legal permission to operate in Bermuda gives Coinbase a chance to start its offshore activities as soon as next week
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