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Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities


Reports from Chinese provincial law enforcement agencies appear to show that crypto crime is still on the up – despite a nationwide crackdown on crypto and mining exacted in September this year.... Read More: Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities

Third-Generation Blockchains Will Pick Up the Defi Slack Left by Ethereum


With the ETH 2.0 upgrade still months, if not years, from a full launch, third-generation blockchain protocols are quickly racing up to dethrone Ethereum as the “go-to” hub for dapps and defi. Blockchain Metamorphosis to Catalyze Future Defi Growth Although many people may only...

Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation


A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional...

IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks


The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carries risks for monetary policy implementation...

NFTs Still Face Legal Challenges, But More Clarity Expected Soon


Non-fungible tokens (NFTs) are currently facing some legal challenges, but more clarity on how the digital collectibles will be treated from a regulatory standpoint could be coming soon, panelists at a virtual seminar hosted by crypto tracking website CoinGecko agreed.... Read More: NFTs Still Face...

Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs


Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate...

Report: Traditional Banks in Africa Hold Trust Advantage Over Fintechs


A recent report by CR2 on Africa’s fintech transformation suggests traditional financial institutions can still be a part of the fintech financial revolution if they leverage one of their most significant assets: client trust. Partnerships Between Banks and Fintechs The report urges...

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