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Nigeria Acts to Defend Naira After Currency Hits New Record Low
21.7.2024
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank...
Messari CEO Selkis Resigns After Controversial Political Posts
21.7.2024
Ryan Selkis, founder of Messari, has stepped down as CEO, following controversial social media posts. He will transition to Senior Advisor, while Eric Turner takes over as interim CEO. “This week was the first week in 6.5 years that my politics and rhetoric put the team in harm’s...
Veteran Trader Peter Brandt Identifies Bitcoin’s Down Channel Pattern
21.7.2024
Veteran trader Peter Brandt has emphasized that the current bitcoin price pattern “appears as a down channel.” Brandt’s recent analysis also indicates a potentially significant long-term upside for bitcoin, contrasting with gold advocate Peter Schiff’s bearish stance...
US Senator Highlights Bitcoin as Currency Unaffected by Widespread Cyber Outages
20.7.2024
U.S. Senator Cynthia Lummis has emphasized bitcoin’s resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major system failures linked to Crowdstrike, which impacted multiple sectors and have been described by some as “the largest IT outage...
2 Foreign Nationals Plead Guilty in Lockbit Ransomware Case
20.7.2024
Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail Vasiliev, a dual citizen of Canada and Russia, were...
Bitforex to Reopen Withdrawals Months After Team Members’ Detention Rendered Platform Inaccessible
20.7.2024
Digital asset platform Bitforex has announced that users will soon be able to withdraw their assets. However, all trading functions will remain suspended during this period. Additionally, the platform will cease all types of services and products and undergo a “comprehensive...
SEC and 100 Agencies Form Council to Combat Securities Fraud
20.7.2024
The U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Council (ISC) to enhance coordination among federal, state, and local agencies on securities fraud. The ISC aims to improve fraud prevention, share insights on emerging threats, and foster a unified...
Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach
20.7.2024
Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating with other exchanges. “This is...
TSMC becomes first Asian company to reach $1T as AI demand surges
20.7.2024
The company is now worth more than Broadcom and closing in on Meta
IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive
20.7.2024
An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The representative expressed concern that the prevailing economic conditions in Zambia are not conducive for the country to proceed...
Why is Dogecoin price up today?
20.7.2024
Dogecoin is surging on the prospects of interest rate cuts in September and the excitement of a potential pro-crypto stance from Donald Trump
Why is Dogecoin price up today?
20.7.2024
Dogecoin is surging on the prospects of interest rate cuts in September and the excitement of a potential pro-crypto stance from Donald Trump
Rho Markets Pauses Platform After Attacker Siphons $7.6 Million in Digital Assets
20.7.2024
The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools...
Study: Europe Leads in Global Crypto Transaction Volume; Binance Remains Most Used Exchange
20.7.2024
Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest....
Real Estate Tokenization Platform Enters Kenyan Regulatory Sandbox
20.7.2024
Ownmali, a blockchain-enabled real estate tokenization platform, has been admitted into the Capital Markets Authority of Kenya (CMA Kenya) Regulatory Sandbox. Ownmali aims to foster greater inclusivity in real estate investing by making it more affordable for younger Kenyans, regardless of their...
Jordan Launches National Blockchain Technology Network
20.7.2024
The Ministry of Digital Economy and Entrepreneurship in Jordan has launched a national blockchain technology network in partnership with Jordanian blockchain company Blockexe. The implementation of blockchain technology in Jordan’s government sector aligns with the Jordanian Digital Transformation...
Chinese Billionaire Convicted of Racketeering and Wire Fraud in US
20.7.2024
Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams...
‘10:1’ odds against US Bitcoin strategic reserve by 2028: BlockTower Capital
20.7.2024
BlockTower Capital CIO Ari Paul is prepared to “lay 10:1” against the possibility of the US creating a Bitcoin strategic reserve in the next four years
Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects
20.7.2024
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona...
Barstool’s Dave Portnoy Accepts Bitcoin From Kraken in Sponsorship Deal
20.7.2024
Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in...