Tag: crypto regulation

Zimbabwe Maps Crypto Landscape to Shape Future Regulatory Framework

The Zimbabwean government has initiated a comprehensive study to map and understand the crypto landscape. A study will assess the risks associated with...

South Africa’s Model: A Blueprint for Crypto Regulation in Africa

South Africa's approach to crypto regulation can be summed up through the popular saying: "Start where you are, use what you have, do...

Ethereum Foundation Faces Inquiry From a Government; Fortune Says SEC Investigating ETH

The Ethereum Foundation is under investigation, and the SEC is considering classifying ETH as a security. This regulatory scrutiny comes amid Ethereum's technological...

Embracing the Digital Future: South Africa’s Regulatory Path for Cryptocurrencies

South Africa's Financial Sector Conduct Authority (FSCA) has granted operating licenses to 59 cryptocurrency businesses. The authority received a total of 355 applications...

South Africa’s Crypto Regulation Takes the Lead: FSCA Receives Surge in License Applications

As of the end of October, the FSCA had already received 93 applications for Crypto Asset Provider licenses, redefining the crypto regulation sphere. ...

Tether Faces Allegations of Fueling Illicit Activities: A Deep Dive into the UN Report

Tether, touted as the world's leading stablecoin, finds itself at the epicentre of a disturbing surge in illegal activities, as underscored by the...

Brazil’s New Law on Overseas Holdings Takes Effect in 2024

Brazilian President Lula da Silva signed a law imposing taxes on cryptocurrency assets held abroad by citizens, effective January 1, 2024. The legislation...

Sam Bankman-Fried Trial Sparks Debate on Regulatory Measures in Crypto Industry

The ongoing trial of former FTX CEO Sam Bankman-Fried involves contrasting testimonies regarding the alleged fraudulent activities at the cryptocurrency exchange. Discussions surrounding...

Sam Bankman-Fried trial enters final stages ahead of conclusion

The Sam Bankman-Fried trial reveals the cryptocurrency industry's financial complexities and ethical issues. The prosecution has highlighted deceptive practices and an $8...

Cryptocurrency: a gateway to financial freedom

Cryptocurrencies represent a paradigm shift in the financial industry by providing consumers a new way to achieve financial freedom. Cryptocurrencies empower people to take control of their financial lives through decentralization, borderless transactions, investment opportunities, and increased anonymity. Given the nascency of the crypto ecosystem, investors are advised to focus on the long-term benefits of Bitcoin while reaping short-term gains in the process. Nonetheless, it is critical to approach cryptocurrency investments cautiously, investigate, and be aware of the risks. Individuals can utilize this revolutionary technology to achieve financial autonomy.

Zero-Knowledge Proofs in Blockchain

Zero-knowledge proofs represent a cryptographic technique where no information gets revealed during a transaction except for the interchange of some value known to both the prover and verifier, the two ends of the process. A zero-knowledge proof is a way of proving whether a particular statement is true without revealing it. Here, the ‘prover’ is the party trying to establish a claim, while the ‘verifier’ is responsible for validating the claim. In simpler terms, zero-knowledge proofs (ZKP) enable one party to prove to another party that they know something without sharing the information with another party to prove their knowledge.

Namibia signs into law cryptocurrency exchange regulation bill

Namibia has officially signed a law to regulate cryptocurrency exchanges, reversing its 2017 ban decision The Namibia Virtual Assets Act 2023 aims to...

Enhancing cryptocurrency knowledge in Africa

Part of the problem surrounding cryptocurrency adoption in Africa, besides the lack of reliable and affordable internet, particularly beyond urban areas, is the...

Challenge of linking crypto to traditional banking

Integrating cryptocurrencies with conventional financial systems becomes increasingly essential as they become more commonplace. This presents several obstacles to overcome before cryptocurrencies can realise their full potential. For instance, traditional institutions may be hesitant to work with cryptocurrencies due to concerns about money laundering and other illicit activities. Moreover, the technical difficulty of integrating cryptocurrencies with existing banking systems can prove intimidating.

FTX seeks to draw $700M from Bankman Fried in lawsuit

FTX, a major crypto trading firm, has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware, seeking over $700 million from investment firms it had previous ties with. The lawsuit, filed on June 22, contains 16 counts. The defendants named in the lawsuit include K5 Global, Mount Olympus Capital, SGN Albany Capital, and individuals Michael Kives and Bryan Baum. They are accused of being involved in transactions that resulted in the transfer of funds from FTX-affiliated firm Alameda Research.

How Blockchain Technology revolutionizing the Internet

The internet has undoubtedly transformed our world, revolutionizing communication, transactions, and access to data. However, as we move forward into the future, new technologies are emerging that have the potential to reshape the Internet as we know it. One such technology is blockchain, a decentralized and secure system revolutionizing various industries.