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Binance vs Nigeria: A timeline of events
5.7.2024
As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far
Wallet on Telegram Extends 50% APY for USDT Promotion
5.7.2024
Wallet on Telegram, a third-party integrated mini wallet app for Telegram messenger, has recently sent a message to its users announcing an extension of its promotion that allows users to deposit Tether’s USDT and receive a 50% APY during the first two weeks. The app also announced that...
Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud
5.7.2024
The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams. Nearly half of the 1,332 consumer...
Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements
5.7.2024
Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed....
Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy
5.7.2024
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative...
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
Crypto Owners More Likely to Have ‘Dark’ Traits, Study Shows
5.7.2024
A recent study has found that cryptocurrency ownership is associated with belief in conspiracy theories and “dark” personality traits such as narcissism, Machiavellianism, psychopathy, and sadism (collectively known as the “Dark Tetrad”). The research highlights the diverse...
Opentensor Foundation Addresses Bittensor Security Breach
4.7.2024
The Opentensor Foundation, the development team behind the Bittensor chain, has tackled a recent security breach affecting the network, impacting several community members. The foundation insisted that prompt actions were implemented to mitigate the attack and prevent future incidents. Malicious...
Helius Labs CEO Slams Zk Compression For Crypto Slump
4.7.2024
Helius Labs CEO Mert Mumtaz recently set crypto Twitter ablaze with a series of tweets about Solana’s new ZK compression technology. His take on this tech advancement has got the crypto community talking. Unpacking Mumtaz’s Crypto Tweets thanks a lot for nuking my entire net-worth,...
Shiba Inu revamps documentation, indicates major upgrades
4.7.2024
Shiba Inu has initiated an extensive revamp of its documentation platform, which has sparked a fervent anticipation among its vibrant community for a series of innovative improvements. This primarily concerns the layer 2 upgradability service, Shibarium. The matter has been under scrutiny for some...
High expectations from Altcoins as Ethereum ETF Approval nears
4.7.2024
The launch of the Spot Ethereum ETF will be a boom time for altcoins due to their association with Ethereum. The crypto market is currently undergoing a consolidation phase, and altcoins show mixed responses from investors. Experts in the digital asset market expressed the belief that the altcoin...
$207 Million Invested in AI, Crypto and Blockchain Startups in 96 Hours
4.7.2024
Based on data from the past four days, 14 distinct artificial intelligence (AI), cryptocurrency and blockchain startups and projects secured approximately $207.28 million in investor funding. The leading entity for July is Sentient, an open-source AI platform, which garnered $85 million from...
Tangem introduces Visa-integrated crypto wallet for secure payments
4.7.2024
Self-custodial crypto wallet provider Tangem has developed a new wallet integrating direct payments through Visa
Chainlink price prediction: Will LINK hit the $16.5 level?
4.7.2024
The current crypto market is struggling, including some of the top assets like Ethereum, Binance Coin, and Bitcoin. The situation has escalated, with 54 newly created wallets having withdrawn 2.08 million LINK tokens. The tokens amount to 30.28 million dollars, according to Lookonchain, an on-chain...
Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop
4.7.2024
Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase...
Insider trading allegations hit Khamzat Chimaev’s Smash token
4.7.2024
The distribution of Smash tokens raises insider trading concerns, adding another red flag to celebrity memecoins
South Africa Approves 63 Crypto Asset Service Provider License Applications
4.7.2024
South Africa’s financial services industry regulator announced on July 2 that it had approved an additional 63 crypto asset service provider license applications. The Financial Sector Conduct Authority (FSCA) has received a total of 383 applications, with only five being declined. Notably,...
Nigerian Student Returns 90 Mistakenly Sent Solana Tokens, Rewarded for Honesty
4.7.2024
A crypto influencer recently praised a Nigerian student who agreed to return Solana tokens worth several thousand dollars that were mistakenly sent to his crypto wallet. After the influencer revealed the incident, well-wishers in the crypto community, impressed by the student’s honesty, began...
Mexican Startup Kavak Issues Tokenized Debt to Invest in Brazil’s Used Car Business
4.7.2024
Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using Liqi, a tokenization platform, and aims to issue over...
CFTC Wins Case Against Crypto Fund Operators
4.7.2024
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment...