Nigerian SEC mandates local offices for crypto firms
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits...
Month: July 2024
Telegram and Helika Gaming unveil $50M gaming accelerator with Notcoin
The accelerator program aims to foster innovation among game developers, leveraging the Ton blockchain to enhance Telegram’s gaming ecosystem.
Insider trading allegations hit Khamzat Chimaev’s Smash token
The distribution of Smash tokens raises insider trading concerns, adding another red flag to celebrity memecoins.
Bitcoin will crash to $50K, 10x Research warns
According to 10x Research, Bitcoin’s potential drop below $50,000 is linked to dwindling buy flows and accelerating sell flows.
Crypto losses reach $1.19B in H1 2024: CertiK calls for better security
The CertiK report shows that phishing attacks led to nearly $498 million in losses, emphasizing the urgent need for enhanced...
Polkadot’s $245M treasury not limited to 2-year runway, despite community concerns
The blockchain platform’s revenue declined during the first half of 2024, and its head ambassador has called for its token’s...
Nigeria plans nationwide AI and blockchain research centers
The research centers count as another step toward taking a leadership position in artificial intelligence (AI) development in Africa.
Vitalik Buterin opts for faster Ethereum, EIP-7732 gives hope
EIP-7732 aims to make things easier for Ethereum validators by splitting their tasks and creating a committee to check if...
DWF Labs launches $20M fund for Web3 projects in China
The Cloudbreak Fund will invest in gaming finance, social finance, memecoins, derivatives, and layer-1/layer-2 projects across Chinese-speaking regions.
KuCoin VAT charge raises concerns among Nigerian crypto community
The approving authority behind this taxation remains unclear, whether it’s the Nigerian government or an agency like the Federal Inland...
Countdown to Launch: Ethereum ETFs Poised for Mid-July Debut
TLDR Bitwise has filed an amended S-1 registration for its Ethereum ETF ahead of the July 8 deadline. Analysts predict...
Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses
Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s...
Nigerian Student Returns 90 Mistakenly Sent Solana Tokens, Rewarded for Honesty
A crypto influencer recently praised a Nigerian student who agreed to return Solana tokens worth several thousand dollars that were...
Mexican Startup Kavak Issues Tokenized Debt to Invest in Brazil’s Used Car Business
Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the...
CFTC Wins Case Against Crypto Fund Operators
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil...
