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Crypto Exchange Binance Takes Action Against Account Misuse
30.6.2024
Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are part of the initiative, with rewards offered...
Robert Kiyosaki Cautions Against Bitcoin ETFs — Prefers Owning ‘Real Bitcoin’
30.6.2024
Rich Dad Poor Dad author Robert Kiyosaki has cautioned against investing in bitcoin exchange-traded funds (ETFs). He prefers investing in actual bitcoin, calling bitcoin ETFs fake bitcoin. He recently revealed that he buys bitcoin every month and is following Warren Buffett’s strategy...
SEC’s Case Against Binance Moves Forward With Major Allegations Intact
29.6.2024
The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims...
Nigerian official advocates blockchain, AI against illicit financial flows
29.6.2024
The financial watchdog chair said that these funds could significantly enhance infrastructure, healthcare, and education across the continent if recovered
Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation
29.6.2024
Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans...
U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge
29.6.2024
A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws
Bitcoin spikes as betting markets favor Trump during debate with Biden
28.6.2024
The price of Bitcoin jumped as much as 1.1% after the presidential debate kicked off on Thursday evening, with Donald Trump extending his lead over Joe Biden in betting markets
Tron Founder Justin Sun Wins Landmark Defamation Case Against Chinese Media Group
27.6.2024
A court in China has ruled in favor of Justin Sun in his defamation lawsuit against the Chongqing Business Media Group. In its verdict, the court stated that claims of Sun’s involvement in insider trading, fraud, and money laundering were “entirely unsubstantiated.” The Chongqing...
Binance enforces stricter measures against account misuse
27.6.2024
The platform encourages users to report any suspected incidents of misuse and offers a reward for verified cases
EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine
26.6.2024
The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbids Eurozone operators from utilizing...
South Korean think tank cautions against crypto ETFs
24.6.2024
South Korean researcher Bo-mi Lee highlights crypto volatility and risks, calling for more research and regulatory measures
Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities
23.6.2024
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into...
Customers protest exchange bankruptcy plan: ‘We never gave FTX our coins!’
21.6.2024
A committee representing the interests of FTX customers is pushing back against a proposed bankruptcy plan, claiming that it violates their property rights
Consensys plans to continue its legal course against the US SEC
20.6.2024
Joseph Lubin, the founder of Consensys, has said that they will continue to pursue a legal course of action against the US Securities & Exchange Commission. This comes a few days after Consensys announced that the Commission has decided to drop its investigation into Ethereum 2.0. In this...
Binance fights back against $4.4M Canadian AML fine
20.6.2024
Binance has filed a lawsuit challenging the Canadian Financial Transactions and Reports Analysis Centre’s (FINTRAC) fine of $4.4m. The penalty was imposed in May and concerns the lack of compliance with laws regarding the anti-money of money laundering (AML) and the financing of terrorism (CFT)....
Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments
20.6.2024
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of...
Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees
19.6.2024
Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White...
Ethereum poised to 50% surge this year against Bitcoin — Fractal analysis
17.6.2024
The ETH/BTC trading pair is forming a classic bullish reversal pattern similar to the one from 2019-2021, which led to 140% price gains for Ethereum
Nigerian Regulator Warns Against Investing in Meme Coin Linked to Davido
15.6.2024
The Nigerian securities regulator warned residents against investing in a meme coin linked to singer and celebrity Davido. The regulator described the meme coin as a highly risky investment, saying investors who invest in it do so at their own risk. The Commission will continue to monitor...
Nigeria Drops Tax Evasion Charges Against Binance Executives
15.6.2024
Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s...