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Nigeria SEC to Commence Enforcement Action on Unlicensed Crypto Firms: Reports
10.9.2024
We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said
AI deepfake attacks will extend beyond videos and audio: Security firms
10.9.2024
AI-powered deepfake scams are rising, targeting crypto wallets. Experts warn of evolving threats, urging users to protect their digital assets in 2024
UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
9.9.2024
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets....
87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
6.9.2024
Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...
Fed hits Texas bank with cease and desist over servicing crypto firms
5.9.2024
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
Slow FCA processing at odds with UK's crypto ambitions — Report
30.8.2024
Crypto firms may want to register somewhere they can receive more prompt attention, law firm warns
Crypto bankruptcies net law firms $751M in fees
30.8.2024
Four law firms collectively earned $484 million from their work on the crypto bankruptcies, representing 64% of all fees requested and received in these cases
Crypto Firm’s CEO Stabbed in Court During Fraud Trial in Seoul
30.8.2024
The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was taken to a hospital. Crypto Platform’s...
Bitcoin holdings of publicly listed firms increased to $20B in one year: Data
28.8.2024
A survey showed that 26% of institutional investors and wealth managers support Bitcoin’s use case as a reserve asset.
UAE Investment Firms Announce $500 Million Digital Energy Infrastructure Fund
27.8.2024
United Arab Emirates-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund. This fund aims to invest in energy infrastructure projects that support the growth of the digital economy. The DEI Fund will...
Nigerian Firms Forecast Further Naira Depreciation
24.8.2024
A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking...
Crypto Biz: Consolidation ramps up among crypto firms
23.8.2024
This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn
Crypto Biz: Consolidation ramps up among crypto firms
23.8.2024
This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn
Crypto Biz: Consolidation ramps up among crypto firms
23.8.2024
This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn
SFC Inspections Uncover Deficiencies in Hong Kong Crypto Firms
22.8.2024
During its recent inspections, the Hong Kong Securities and Futures Commission (SFC) found the following deficiencies in the…
Crypto firms contributed 48% of all corporate political donations in 2024: Report
21.8.2024
Splits in the US House and Senate coupled with many expected tight elections could allow crypto interest groups to potentially "tip control of Congress one way or the other."
Crypto firms contributed 48% of all corporate political donations in 2024: Report
21.8.2024
Splits in the US House and Senate coupled with many expected tight elections could allow crypto interest groups to potentially "tip control of Congress one way or the other."
Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck
18.8.2024
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck
VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist
10.8.2024
Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.”