Recent allegations that Nigerian officials demanded bribes from Binance executives before arresting them have raised fears the scandal could wreck the country’s efforts to bring in foreign investment. The explosive claims were made by Binance CEO Richard Teng, who said in a blog post that unknown people demanded a cryptocurrency bribe from company officials Tigran […]
Things are getting very tough for cryptocurrency companies operating in Nigeria as the Nigerian government is taking strong action against them. It all started a few weeks ago when the Central Bank of Nigeria (CBN) accused some crypto firms of illegal foreign exchange dealings. The CBN said these firms were responsible for making the naira […]
$68 million worth of stolen cryptocurrencies has been recovered by Match Systems. A prominent crypto investor was targeted during the hack that took place on May 3rd, where a total of 1,155 Bitcoin tokens were stolen at a market price of $69.3 million. According to Chainwire, the anonymous victim initially tried negotiating with the bandits […]
Yesterday, the Nigerian police officers from Interpol received special training that would help them deal with crimes involving virtual currencies like Bitcoin and stablecoins. The intensive program was organized by A&D Forensics working together with the Africa Stablecoin Consortium, and took place in Abuja, the capital of Nigeria. The Africa Stablecoin Consortium and A&D Forensics […]
JanOne Inc. has signed an agreement to acquire ALT 5 Sigma Inc., a financial technology company focused on blockchain and cryptocurrency. This deal is expected to close next week on the 13th, 2024, positioning JanOne at the forefront of the rapidly growing digital payments industry. ALT 5 Pay which was launched in 2018 is a […]
OKX exchange and premier questing platform Intract have joined forces to offer new quests and rewards on OKX Wallet. Users can find and complete fun interactive quests within the crypto wallet of the OKX Wallet. According to the announcement, users may earn rewards in cryptocurrency by doing this while diving into different projects on Web3. […]
The 2024 Presidential is lurking and cryptocurrency regulation in the United States needs to be well-defined, according to billionaire investor, Mark Cuban. In a viral post on the social media platform X, the Dallas Mavericks argued that if all the crypto regulations are given to the CFTC, they “could solve this problem for Biden.” To […]
The U.S. Securities and Exchange Commission has forcefully pushed back against crypto exchange Coinbase’s efforts to appeal a key question in their high-stakes legal battle. In a May 10 court filing, the SEC accused Coinbase of trying to “manipulate the question” over what constitutes an investment contract under securities laws. Image Source: Court Listener The […]
Authorities have closed down a sizable cryptocurrency crime gang from Cyprus. This body was tricking investors by claiming the issuance of a non-existing cryptocurrency similar to other recent scandals in the area. Europol stated that between December 2017 and February 2018, the criminals set up a fake online trading company, falsely promoting a new cryptocurrency. […]
A cryptocurrency user who lost nearly $68 million in an address poisoning scam has recovered over 96% of the stolen funds. After the attacker received the 1,155 Wrapped Bitcoin he converted them into ETH. At the moment 22,960 ETH worth around $65.7million were eventually sent back to the victim. From the morning of Friday 8AMUTC, […]