Day: 8 May 2024

The Nigerian House of Representatives has move to tackle Binance following the allegations of bribery made by the crypto exchange's CEO, Richard Teng. In a social media post on Tuesday, May 7, Teng accused certain members of the House's Committee on Financial Crimes of soliciting money from Binance representatives during ...

Chainalysis has recently announced the establishment of its regional headquarters in Dubai for the Middle East, Southern Europe, Central Asia, and Africa.  This move, according to its latest press release, demonstrates its commitment to recruiting skilled professionals in traditional finance, Web3.0 technologies, and regulatory compliance to operate from their regional ...

UK Treasury official Bim Afolami has criticized what he perceives to be an overregulation of the nation's crypto landscape. Speaking at an event on May 8, 2024, Afolami emphasized the importance of ensuring that regulatory scrutiny does not undermine the crypto industry's growth and innovation potential. Afolami claimed that the ...

Digitex Games, a decentralized casino and Layer 3 blockchain project, has shut down its website following Adam Todd, its lead developer, pleading guilty to the charges brought against him by The U.S. Attorney's Office for the Southern District of Florida. According to its statement, the website was shut down "due ...

The United States Securities and Exchange Commission (SEC) has filed its final reply in the series of remedies briefings for its ongoing lawsuit with Ripple. Attorney James Filan shared the redacted reply brief in a social media post on May 8. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed ...

XRP has plummeted to a three-year low against Bitcoin, sparking speculation among investors about a potential turnaround and buying opportunity. According to TradingView data, the XRP/BTC pair is currently trading at $0.52 compared to Bitcoin's $62,175, marking levels last seen in April 2021.   Also, XRP has been on a downward ...

The Hong Kong Monetary Authority (HKMA) has unveiled plans to collaborate with industry stakeholders to explore the potential of asset tokenization.  According to its latest official announcement, the island’s top financial regulator and central bank revealed that it was forming a special community, named "Project Ensemble Architecture Community," comprising industry ...

Will Clemente, co-founder of Reflexivity Research, has predicted that Bitcoin's price may be preparing for an upward trajectory. In a social media post published on May 7, Clemente suggested that Bitcoin is currently in a consolidation phase before potentially experiencing another "leg up." Clemente cited two key trading indicators—the funding ...

Ethereum's (ETH) price has been trailing behind Bitcoin's gains in 2024, but analysts from Glassnode suggest that brighter days could be on the horizon for the popular cryptocurrency. According to data from TradingView, Ethereum has been underperforming compared to Bitcoin over the past two years. This has resulted in a ...