The Nigerian Senate Committee underscores the urgent need for a clear regulatory framework for cryptocurrency to safeguard investors and stabilize the market. President Tinubu's administration advocates for developing the capital and crypto markets to safeguard the local currency. Crypto Regulation is considered necessary to protect investors from the hazards associated with unregulated digital asset...

Crypto hackers target Ripple Exchange's co-founder, Chris Larsen, making off with a staggering $112 million in XRP. The XRP ledger underpins its...

A new crypto exchange backed by firms including Fidelity Digital Assets, Charles Schwab Corp. and Citadel Securities has confirmed that it has gone live. This launch could reshape the digital-asset landscape amid heightened regulation and scrutiny of the cryptocurrency sector. EDX Markets is a new crypto exchange designed to meet both the needs of native digital assets firms and the largest financial institutions globally. The creators of EDX intended to enable faster, safer, and more efficient cryptocurrency trading, leveraging best practices from traditional financial markets on a purpose-built platform.

The spectacular rise of the cryptocurrency industry has presented a fresh challenge for financial regulators. Some researchers and policymakers have warned the overly aggressive crypto market regulation might clutter the promising new financial asset class. Others have indicated that businesses could flee the jurisdictions whose regulations they consider ‘anti-crypto’ to the less regulated jurisdictions. Moreover, some have suggested that crypto regulatory actions will inspire market activity by offering clarity to participants.

Wash trading is a form of illicit market manipulation where an entity buys and sells the same financial asset to create a false impression of market activity. This practice gained traction with the rise of electronic trading in the early 2010s, as algorithmic trading programs began churning trades at unprecedented speeds. This old illegal financial market trick has unfortunately found its way into the crypto industry.

International crypto exchanges Binance and Ovex are among the names that have publicly made statements about buying banks The regulation of banks also...