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‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
29.6.2024
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks...
Hamster Kombat creators: marketing geniuses or modern satirists?
29.6.2024
Hamster Kombat has 200 million players clicking their screens. But the game raises intriguing questions about play-to-earn gaming, growth hacking and universal basic income
FTC Warns: Social Media Investment Scams on the Rise
29.6.2024
The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers...
Nigerian official advocates blockchain, AI against illicit financial flows
29.6.2024
The financial watchdog chair said that these funds could significantly enhance infrastructure, healthcare, and education across the continent if recovered
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
29.6.2024
The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting...
Court allows most SEC claims to proceed in Binance suit
29.6.2024
Judge Amy Berman Jackson however dismissed the SEC’s claim that BNB is traded illegally on secondary markets, citing the Ripple decision
Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation
29.6.2024
Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans...
U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge
29.6.2024
A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws
North Carolina Passes Bill to Block State Participation in Federal CBDC Testing
29.6.2024
The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s testing of a central bank digital currency (CBDC). The General Assembly is North Carolina’s legislative body, comprising two chambers:...
Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
29.6.2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across...
Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire
29.6.2024
Peter Thiel also believes that Bitcoin’s original vision as a cypherpunk, crypto-anarchist, freedom tool hasn’t been fulfilled
Yield App Suspends Operations Ahead of Liquidation
29.6.2024
Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted operations due to significant portfolio losses from...
IRS reveals final regulations for crypto broker rules
29.6.2024
The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements
Solana ETF Approval Odds Rise Amid Potential Political Shifts, Analyst Says
29.6.2024
Bloomberg’s senior ETF analyst has stated that the odds of a Solana exchange-traded fund (ETF) being approved within the next 12 months are closely linked to the likelihood of a change in the U.S. presidency. He noted that it is “safe to say the chances of both are higher today than...
21shares Files to Launch Solana ETF With SEC
28.6.2024
21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and will utilize Coinbase Custody Trust Company for secure custody of SOL. Vaneck also recently filed...
AI ‘Skeleton Key’ attack found by Microsoft could expose personal, financial data
28.6.2024
Aside from being wary about which AI services you use, there are other steps organizations can take to protect against having data exposed
Banque de France, Hong Kong Monetary Authority explore CBDC, tokenization
28.6.2024
The HKMA set up Project Ensemble months ago. Now we know why
Crypto Biz: Jump Crypto exec steps down, first MiCA deadline looms, and more
28.6.2024
This week’s Crypto Biz explores the departure of Jump Crypto’s CEO, Animoca Brands’ return to public markets, the corporate dispute between Riot and Bitfarms, and other news
Lessons from CertiK's dispute with Kraken
28.6.2024
White hat hacking is a crucial component of cybersecurity, but it can come with controversy — as CertiK and Kraken recently illustrated
Billionaire Peter Thiel Remains a Bitcoin Holder but Questions Its Future Value
28.6.2024
According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the cryptocurrency. Peter Thiel Talks Bitcoin: A Holder With Cautious Optimism Peter Thiel, the renowned billionaire and co-founder...