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A recent survey indicates that nearly half of Nigerians, about 47%, are actively participating in cryptocurrency trading, integrating it into their financial activities. The research further reveals a 15% increase in crypto ownership in the country from 2020 to 2023. Hopefully they do more in 2024. Cryptocurrencies Shift from Being Viewed as Speculative Assets Analysis…
The U.S. Securities and Exchange Commission (SEC) has reiterated its caution about the “exceptional risks” associated with investments in crypto assets. The regulatory body emphasized that crypto-related investments remain susceptible to fraud, encompassing fraudulent coin offerings, Ponzi and pyramid schemes, and cases of outright theft where project promoters vanish with investors’ funds. SEC Issues Warnings…
U.S. House Committee Unanimously Passes Blockchain Bill Source: Yahoo Finance The House Committee on Energy and Commerce made significant strides on Tuesday by unanimously passing a blockchain bill. This legislation entrusts the Secretary of Commerce with the responsibility of advancing the competitiveness of the United States concerning the “deployment, use, application, and competitiveness of…
USDT Tether Market Cap Hits Record $89 Billion In what looks like a drastic but expected shift in the crypto market, fresh capital is now making its way into the cryptocurrency domain, marking the first expansion of the stablecoin market in over 18 months. Notably, USDT Tether Market CAP surged to an unprecedented market cap…
Lugano Residents Can Now Pay Taxes and Bills with Bitcoin and Tether In a big move, the city of Lugano in Switzerland is now allowing people and businesses to pay for city services and taxes using cryptocurrencies like Bitcoin and Tether. Lugano officials announced on December 5th, stating that now everyone can use Bitcoin and…
Coinbase Wallet Unveils Crypto Transfers Features Source: Coinbase Coinbase, a major player in the crypto space, has introduced enhancements to its decentralized Wallet product, prioritizing user-friendly experiences. A standout addition is a novel feature enabling Wallet users to send funds via simple text messages through platforms like Telegram or WhatsApp. This move aligns with its…
JPM Coin News: JPM Coin Set to Transform Interbank Transactions Source: Bitcoin news JPM Coin, the blockchain token utilized by JPMorgan for settling significant same-bank transactions, is now poised for deployment in interbank transactions. The digital asset recently made its debut on Partior, a blockchain ledger developed through collaboration between JPMorgan, DBS Bank, Temasek, and…
India Accelerates Deepfakes Regulations News Source: Cointelegraph In a recent development, India has taken strides in formulating regulations to monitor deepfakes, as disclosed by the country’s Minister for Railways, Communications, Electronics, and Information Technology, Ashwini Vaishnaw, on November 23. The announcement builds upon Prime Minister Narendra Modi’s expressed concerns about the technology a day…
Worldcoin’s Value Decreased by 6% QUICK TAKE Following the announcement of Sam Altman stepping down as CEO of OpenAI, Worldcoin’s WLD token experienced an immediate 6% decline. Over the last 24 hours, the token recorded a total drop of more than 12%, as reported by The Block’s Price Page. The value of the token…
This article tells us about crypto hardware wallets, the features and benefits of Crypto hardware wallets, how to choose the right crypto hardware wallet and the 5 best crypto hardware wallets. What Is A Crypto Hardware Wallet? Keeping your cryptocurrency safe is a top priority. That’s where crypto hardware wallets step in. As cryptocurrencies like…
Binance Launches Self-Custody Wallet for Web3 In an amazing development, Binance recognized as the world’s largest cryptocurrency exchange in terms of volume, has introduced a self-custody wallet seamlessly integrated into its native app. The revelation unfolded at the Binance Blockchain Week conference held in Istanbul, Turkey, as conveyed in an official statement by the…
Solana’s recent bullish run has taken a downturn, with SOL decreasing by nearly 6% in the last 24 hours and trading at approximately $39.82. This decline is associated with substantial transfers of SOL from FTX-linked Solana addresses, related to the court-approved liquidation of $3.4 billion in crypto assets, including $1.16 billion in SOL, from the…
Solana-Based NFT Wallet Backpack Ventures into Regulated Exchange Space Backpack, the NFT wallet app operating on the Solana blockchain, has unveiled its venture into the world of regulated cryptocurrency exchanges with the launch of “Backpack Exchange.” This ambitious move comes after securing a Virtual Asset Service Provider license for Exchange Services from the Dubai…
SafeMoon’s CEO and CTO Arrested Amid Allegations of Misusing Over $200M In a startling turn of events, the U.S. Department of Justice (DOJ) has taken SafeMoon’s CEO, John Karony, and Chief Technology Officer, Thomas Smith, into custody over allegations of massive fraud against their investors. The Securities and Exchange Commission (SEC) is also closely pursuing…
