Tag: top news

Bitmama’s Temporary Deposit Suspension: Navigating Industry Standards and Security

Bitmama started as a WhatsApp group where members learned about crypto, particularly bitcoin, and made transactions. Bitmama expanded its clientele from 20,000 users...

OpenAI Reinforces Commitment to Responsible AI with ‘Preparedness Framework’

OpenAI has introduced a "Preparedness Framework" to evaluate and mitigate risks associated with its powerful AI models. The framework establishes a checks-and-balances system...

Crypto Insurance Takes Center Stage in UAE

Dubai Insurance has taken 8the initiative to provide insurance coverage for crypto businesses around the region.  The agreement will provide commercial liability insurance,...

FTX Bankruptcy Filings Expose $53,000 Per Hour Drain on Legal Advisors

Cryptocurrency exchange FTX, now defunct, faced substantial legal costs, burning through $53,000 per hour on bankruptcy lawyers and advisers. Court filings from December...

US Court Finalizes Binance Case

The U.S. Court ordered the top crypto exchange to pay $2.7 billion and Changpeng Zhao to pay $150 million to the Commodity Futures...

Aurory: The Aftermath of a Web3 Hack

On December 17, Solana-based gaming ecosystems Aurory experienced a web3 hack, resulting in a drop of nearly 80% in the liquidity of the...

Solana Phone Sales Surge Amid Bonk Meme-Coin Frenzy

The surge in Solana phone sales has been driven by the extraordinary rise of the Bonk meme-coin, which has seen a staggering 1,100%...

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...

World ID 2.0: Worldcoin’s Upgraded Digital Identity Verification System

Worldcoin has introduced "World ID 2.0," an upgraded version of its identity verification feature. The new version offers different levels of authentication, ranging...

Web3 Awareness Grows as University of Zimbabwe Hosts Blockchain Hackathon

Over 175 students nationwide turned to the event, showcasing the growing interest in web3 technology. In 2018, the government issued a law stating...

Metamask partners with Eygpt’s Vodafone Cash as plans for growth in Africa

MetaMask has launched a novel 'sell' feature in its mobile app, explicitly benefiting users in Nigeria and Egypt. The partnership between MetaMask and...

Binance Faces Three-Month Ban in the Philippines

The head of the Philippines SEC, Kelvin Lee, clarified that the ban on Binance would take effect three months after the advisory was...

PayBito Targets Africa’s Crypto Ecosystem with Crypto Broker Platform

Its pre-developed protocol enables its clientele or business associates to create customizable exchange platforms.  PayBito intends to enter Africa's crypto ecosystem by providing...

Pave Bank’s Programmable Money Model: Transforming Cross-Border Transactions

The confidence shown by investors like 468 Capital and others in its vision further solidifies its standing in the market. Pave Bank's...

Kenya’s Copia Global and Visa Join Forces for Digital Financial Revolution

 Copia Global has officially announced a five-year partnership with global digital payment provider Visa.  Copia Global is a business-to-customer (B2C) platform that allows...

Google’s January Surprise: Cryptocurrency Trusts Find a Spot in Advertising

Google will permit cryptocurrency trust-related ads starting January 29, 2024, aligning with the anticipated approval of U.S. spot Bitcoin ETFs. The policy update...