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Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
8.9.2023
The Thodex founder fled the country in 2021 only to be detained in Albania in Aug. 2022 and extradited to Turkey in April 2023
Metamask Wallet Users Can Now Cash Out Crypto to Fiat
8.9.2023
The popular Ethereum wallet Metamask has introduced a new feature allowing users to convert crypto to major fiat currencies. The “Sell” option currently supports cashing out ether (ETH) and is available to users in the U.S., the United Kingdom, and some European markets. New Feature...
Blockchain could have prevented Nigeria's naira scarcity effects - Local experts
8.9.2023
According to local stakeholders, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change
Africa's blockchain journey begins with poverty alleviation - CEO Sumotrust
8.9.2023
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation
CFTC commissioner calls for crypto regulatory pilot program
7.9.2023
Commissioner Caroline Pham called for the pilot program to kick off with a stakeholder roundtable and for the CFTC to propose and adopt rules on the risks retail investors face
Binance to reimburse users $1M for Cyber Earn incident
7.9.2023
Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue
Binance's indecision to freeze BNB wallets drew controversy in this $11M rug pull
7.9.2023
As it turns out, Binance does in fact have the power to freeze private wallet addresses on BNB Chain, albeit only with the consensus of all its validators
Crypto whale loses $24M in staked Ethereum to phishing attack
7.9.2023
A significant portion of the stolen funds has been transferred into the fully automatic cryptocurrency exchange FixedFloat
Binance crypto exchange saw departure of 10 key executives in 2023. Here's the list
7.9.2023
Binance CEO Chang Peng Zhao sought to dismiss concerns around executive departures, claiming these executives are moving into bigger roles outside Binance, and said reports are market FUD
CBN missed opportunity for blockchain regulation in 2021 - Convexity CEO
7.9.2023
Mr. Owonibi stated that a blockchain regulation strategy should have been created by the Central Bank of Nigeria (CBN) in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks
Nigeria's Web3 education efforts seek to tackle language challenges
7.9.2023
The chief operating officer (COO) of Bitkova Academy, a blockchain education platform, Bello Usman Abdullahi said the language barrier is one of the current major challenges
Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg
7.9.2023
Senator Andrew Bragg says rejecting his crypto bill will drive investment away from Australia but lawyers claim it's part of a bigger regulatory picture
Change to US accounting rules will be a boon to companies holding crypto in 2025
6.9.2023
The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility
Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity
6.9.2023
Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors
Riot Platforms says Texas energy strategy reduced production costs by $31M
6.9.2023
As Texas baked in the sun, Riot Platforms received two types of monetary credit for being attentive to the grid’s power needs
Binance creates smart contract to refund users affected by $3M rug pull
6.9.2023
After the rug pull, Xirtam scammers directly deposited stolen funds onto Binance, prompting the exchange to freeze the assets
HashKey signs MOU for crypto exchange insurance
6.9.2023
The policy would potentially cover both the exchange's hot wallets and cold storage addresses
Bitfinex’s Resilience: Tracing its Transformation Throughout Crypto History
6.9.2023
Bitfinex, the pioneering cryptocurrency exchange, emerged in 2012, establishing itself as a trailblazer in the industry. With a resolute goal of offering a resilient trading platform for Bitcoin and other cryptocurrencies, Bitfinex swiftly garnered attention for its avant-garde trading tools...
Google will allow ads for NFT games starting September 15
6.9.2023
The new updates to the cryptocurrency ads policy allows for NFT gaming ads provided the games and ads don’t promote gambling
Here’s why Bitcoin will hit $22K soon
6.9.2023
This week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market started back in March