Nigerian crypto and Web3 company Lazerpay shuts down after failing to raise funds and advises users to withdraw before April 30. Nigerian crypto and Web3 company Lazerpay announced on April 13 that it is shutting down its operations. According to a statement released on Twitter by Lazerpay founder and CEO Emmanuel Njoku, the decision to…
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An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank Investment Banker Arrested and Charged for Defrauding Crypto Investors Rashawn Russell, a 27-year-old…
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Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency. Monetary Authority of Montenegro to Cooperate With Ripple on ‘National Stablecoin’ Project…
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Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices…
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Is it possible that Coinbase CEO Brian Armstrong doesn’t know how to use the Bitcoin Lightning Network? It could explain why he stiffed me. Coinbase CEO Brian Armstrong owes me $100. That’s because he might not know how to use the Lightning Network, the instant payment solution built on top of Bitcoin. Armstrong, who’s been…
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Paxos assured its customers that their funds would “remain safely” in their accounts but advised users to withdraw all balances at their earliest convenience. Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian market. The company released a statement informing customers that they…
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Binance CEO Changpeng Zhao emphasizes the need for a proper understanding of the crypto industry by regulators and active engagement by industry players to achieve regulatory clarity. In a fireside chat during the Hong Kong Web3 Festival, Changpeng Zhao (CZ), CEO of Binance, expressed that it is important for crypto regulators to have a deep…
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Metalpha has secured $20 million out of the planned $100 million for its new fund from overseas Chinese investors, the CEO said. Hong Kong-based cryptocurrency wealth manager Metalpha Technology is working to offer new entry points into Bitcoin (BTC) and Web3 to investors in Asia. Metalpha is raising a $100 million fund to invest in…
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According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products. On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week,…
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The minimum purchase amount for the hotel’s tokenized ownership is $1,000. On Apr. 11, tokenization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate tokenization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security tokens on the Polygon (MATIC) network to tokenize a $10 million hotel in the Indonesian island resort…
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