Crypto News

Two senior executives at Binance have been detained in Nigeria as the country intensifies efforts to curb speculation on its currency, the Financial Times reported. This move followed Nigeria’s recent ban on several cryptocurrency trading websites following the rapid devaluation of the naira and soaring inflation rates. Cryptocurrency Crackdown in Nigeria Nigeria’s crackdown on cryptocurrency… Continue reading Binance Faces Regulatory Storm as Executives Detained in Nigeria: Report

The US-based forex broker OANDA has announced its foray into the cryptocurrency trading realm in the United Kingdom with the launch of its new platform, OANDA Crypto. The platform, registered with the country’s financial regulator, the Financial Conduct Authority (FCA), is poised to offer an array of cryptocurrency trading options to British investors. OANDA Ventures… Continue reading FCA Registered OANDA Crypto Platform to Offer Crypto Trading in the UK

The High Court of Podgorica has approved the extradition of Do Kwon, the Co-Founder and Former CEO of Terraforms Labs, to the US. Kwon faces criminal charges in the US following the collapse of Terraform Labs. After rejecting South Korea’s extradition plea, the Podgorica High Court deliberated over Kwon’s fate following a directive from the… Continue reading Do Kwon Faces Extradition to the US Following Latest Court Ruling in Montenegro

The crypto hedge fund Tyr Capital is embroiled in a contentious dispute with one of its clients regarding its exposure to the bankrupt digital assets exchange FTX. Tyr Capital Faces $22 Million Claim Tyr Capital stands accused of “criminal” mismanagement by one of its clients, TGT, prompting a Swiss prosecutor to raid Tyr’s offices. TGT… Continue reading Tyr Capital Faces Client Dispute over Exposure to FTX’s Bankruptcy

Bithumb Korea, the operator of South Korea’s second-largest cryptocurrency exchange Bithumb, faces a setback as it fails to secure a deal with major local lender KB Kookmin Bank for the issuance of real-name accounts, potentially hindering its efforts to attract more traders. Major Banks Yet to Forge Alliances with Exchanges Under the Act on Reporting… Continue reading Bithumb’s Struggles Highlight Crypto Banking Integration in South Korea

In early December, the first cryptocurrency company made its debut on the Abu Dhabi stock market, receiving a warm welcome from investors. Two months later, Phoenix Group UAE, specializing in the mining of cryptocurrency assets, published its 2023 report. Despite a significant drop in revenue, it achieved an increase in net profit. Phoenix Announces 2023… Continue reading Abu Dhabi’s First Crypto Miner Shows Initial Report Following $370M IPO Success

The criminal sentencing of Changpeng Zhao, the Founder and former CEO of Binance, for his conviction on money laundering, has been delayed until April 30, according to a notice yesterday (Monday) in Seattle federal court. However, the court docket entry did not specify any reason for the delay in the sentencing. The original sentencing was… Continue reading Criminal Sentencing of Ex-CEO of Binance Postponed until April End

Canada-headquartered Aquanow, a crypto infrastructure provider, has bolstered its compliance efforts by securing a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). A Much-Sought Crypto License Announced yesterday (Monday), the license will allow the company to offer broker-dealer, lending and borrowing, and management and investment services. However, the license remains… Continue reading Crypto In Dubai: Aquanow Gains VASP Registration from VARA

London-based firms CCData and BMLL Technologies have announced a new partnership aimed at streamlining access to data across traditional and digital asset markets. CCData, an FCA-authorized benchmark administrator, provides digital asset data solutions and settlement indices. BMLL Technologies offers financial institutions granular historical data and analytics on markets. CCData and BMLL Technologies Partner to Enhance… Continue reading CCData and BMLL Collaborate to Meet Surging Demand for Crypto Analytics

The Founder of the American Bitcoin Academy is facing scrutiny from the Securities and Exchange Commission (SEC) over allegations of fraud targeting his students. Based in Hurricane, Utah, and later Puerto Rico, Brian Sewell enticed hundreds of students into investing in his Rockwell Fund. He boasted of groundbreaking investment strategies based on artificial intelligence and… Continue reading SEC Charges American Bitcoin Academy’s Founder with $1.2M Fraud