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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...

Gaming Still Drives Blockchain Dapp Industry Growth


Last month, the number of daily unique active wallets (UAWs) connected to blockchain dapps (decentralized applications) reached an all-time high, exceeding 2m per day on average, according to a report by dapp information provider DappRadar. Despite a robust surge in the use of decentralized finance...

Bitcoin (BTC): the Crypto King Is Still Giving Higher Returns!


BTC is a flagship product in the crypto industry and the first to make an everlasting impact despite its energy consumption becoming larger than countries. BTC’s adoption and acceptance by a large number of merchants have helped develop a strong ecosystem. Furthermore, the energy consumption...

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