Tag: top news

Marathon Digital Holdings Dominates UAE’s Crypto Mining

According to the CEO, Fred Thiel, the operation in Abu Dhabi has 2.7 exahashes online.  In November 2023, the crypto mining firm estimated...

Flatcoins: Revolutionizing Stability in Cryptocurrency Amid Escalating Global Inflations

Flatcoins enable improved value retention in a situation of escalating global inflations. The basket of Assets approach relies on a public cost-of-living index...

Cross-Network Integration: Etherscan Strengthens Position with Solscan Acquisition

Ethereum's block explorer recently announced the acquisition and integration of Solscan, Solana's explorer. Etherscan is an Ethereum block explorer used to navigate all...

Bitcoin Depository Receipts (BTC DRs): A Game-Changer for Institutional Investors in 2024

Bitcoin Depository Receipts are DTC-eligible Bitcoin securities aligning with the US-regulated market. BTC DRs contain similar principles and allow Qualified Institutional Buyers to...

Matrixport Predicts US SEC’s Rejection of Bitcoin Spot ETF Proposals

Bitcoin Spot ETFs are exchange-traded funds that track the value of Bitcoin and trade on traditional market exchanges rather than crypto exchanges. According...

Nigeria’s Crypto Laws: CBN Revisits Laws to Fuel Transparency and Security in 2024

In December 2023, the Central Bank of Nigeria removed the two-year restrictions on crypto transactions.  According to the rules, crypto providers can open...

Crypto Predictions 2024: Bitcoin’s Ascent, Ethereum’s Rally, and BNB’s Resilience

For 2024, Mobius informed CNBC that in the 2024 crypto market, Bitcoin may witness one of its highest points by going beyond $60,000.  ...

Orbit Chain’s $82 Million Crypto Theft Rings Alarms Ahead of 2024 Bull Run

According to experts, the crypto hacker exploited Orbit Bridge, the exchange's bridging services, siphoning $82 million worth of crypto coins. Orbit Chain has...

Sam Bankman Fried: Unexpected Twists and Turns in the Aftermath of the FTX Fiasco

According to the court's verdict, the former crypto king was guilty of looting over $8 billion of the exchange's user funds.  Federal prosecutors...

Nigeria’s Crypto Triumph: Shattering CBN Restrictions Amid Global Crypto Winter

In 2021, the CBN warned banks and financial institutes that facilitating payment for cryptocurrency changes was prohibited. In the first three months of...

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...