The Nigerian startup behind the social payment app for cryptocurrency and fiat, Kurepay, says the Central Bank of Nigeria (CBN)’s current crackdown on crypto entities has forced it to suspend operations in Nigeria.
‘Horrible’ Year for Crypto Adoption
According to a report by the Cryptoassetbuyer, this suspension of operations is set to commence at…
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After taking a regulatory battering earlier this year, Binance is back – or at least the world’s busiest crypto exchange will hope so. The platform has been bolstered by news that it is talking to sovereign wealth funds who are interested in “taking a stake” in the platform, that it’s establishing a new base in…
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The last of the South Korean “big four” crypto exchange platforms – Bithumb – has finally received an operating license from the nation’s financial regulator, the Financial Intelligence Unit (FIU). Bithumb had submitted its application to the FIU ahead of the latter’s September 24 deadline. But the trading platform, which was until very recently the…
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Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left behind by fear of the unknown.” Australian Senator Says Crypto Is Not Going Away, Sees…
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Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why. Looking at the past seven days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin’s…
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The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for the criminals.” Governments Collaborate to Focus on Illicit Use of Crypto The U.S. Department of…
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The American exchange-traded fund (ETF) issuer Invesco has for the first time revealed the reason for its surprise decision to pull out of the race to bring a bitcoin (BTC) futures-backed ETF to the market – and just like its competitor Bitwise Asset Management, the firm has blamed the rules from the US Securities and…
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During his time as Fed chair, Powell has said the agency was “working proactively to issue a CBDC” but was unlikely to support a blanket ban on crypto. President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors. In a Monday announcement,…
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Russia’s upper house, the Federation Council, is monitoring crypto – but a key politician claims that tokens may “have a future.” Speaking to Ura.news, the deputy chair of the Federation Council’s Committee on Budget and Financial Markets Elena Perminova, stated: “Cryptocurrencies today seem to be on a swing – they are constantly rising and falling…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Investments in BTC Keep Growing, in ETH – Dropping, MoonPay Valued at USD 3.4B + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
