Tag: top news

Binance wins court case against US SEC’s demand to shutdown operations

On Friday, June 17, the Binance exchange and the US SEC agreed to avert the SEC demand on the exchange's temporary shutdown within...

FTX co-founder Sam Bankman-Fried slapped with two criminal trials

The former CEO is now facing two separate trials for the charges against him during his time as the CEO, including mismanagement of...

Crypto payments platform Wyre closes, cites bear market pressure

Cryptocurrency payment platform Wyre has closed its operations after nearly a decade in business The firm urged users with assets on its platform...

Mara exchange lays off employees further reducing staff

The web3 startup launched Mara Chain, a layer-1 blockchain and Alchemu-esque platform. On May 2023, the famous web3 startup had to lay off...

Binance introduces new crypto tax system in South Africa

Binance tax will offer effortless retrieval of comprehensive reports on the profits and losses incurred within the platform. The primary objective of the...

The US raises the debt ceiling, spells doom for the crypto market

Congress has raised the debt ceiling to US$31.4 trillion, with President Joe Biden signing the bill to allow the government to borrow and...

Robinhood to delist ADA, SOL, and MATIC amid SEC crackdowns on Coinbase and Binance

The SEC named ADA, SOL, and MATIC in lawsuits filed against Coinbase and Binance. The SEC referred to the three crypto-assets targeted for delisting from Robinhood as unregistered securities in the lawsuits. The lawsuits are part of a broader SEC endeavour to regulate the crypto industry.

Yellow Card Partners with Tether to target African Youth

Yellow Card and Tether are hosting a crypto education tour setting their sights on African Youth Market. Yellow Card is among the top...

Atomic Wallet breached, loses $35 million

The infamous Lazarus group bypassed their blockchain security and made off with $35 million worth of cryptocurrencies. Roland Sade, Atomic Wallet's Chief marketing...

OpenAI unveils a $1 million cybersecurity grant program

The growth of Artificial Intelligence has led to potential misuse of the technology by some users In particular, the creation of deep fakes...

Qatar under FATF scrutiny for failure to take action against crypto companies

The Financial Action Task Force (FATF) has slammed Qatar for not taking enough action against cryptocurrency firms. The rise of Artificial Intelligence (AI)...

Japan’s largest airline ANA, launches NFT marketplace

The largest airline in Japan, All Nippon Airways (ANA), has recently launched a Nonfungible tokens (NFT) marketplace. Nonfungible Tokens (NFTs) have been absorbed...

Stringent penalties imposed on unlicensed crypto companies in South Africa

If any Crypto firms do not comply with the new guidelines, they will face a fine of $510,000 or up to 10 years...

Regulatory pressure forces closure of the Unbanked fintech venture

In 2022, the unbanked Fintech attracted nearly $1.5 million from 1500+ investors due to its zeal for the trade. The Unbanked Fintech...

OpenAI launches grant for developing Artificial Intelligence regulations

OpenAI revealed plans to award ten grants of $100,000 each to support experiments focused on establishing a "proof-of-concept" democratic process for determining rules...

Bitpanda exchange partners with Coinbase to launch crypto payment service in banks

Bitpanda, an Australian-based crypto exchange, partnered with Coinbase to bring about digital currency adoption in Europe. Initially, Bitpanda went by Coinimal and offered...