Binance CEO Chang Peng Zhao sought to dismiss concerns around executive departures, claiming these executives are moving into bigger roles outside Binance, and said reports are market FUD.
Nigeria central bank missed opportunity for blockchain regulation in 2021 — Convexity CEO
Adedeji Owonibi stated that the Central Bank of Nigeria should have created a blockchain regulation strategy in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks.
Nigeria’s Web3 education efforts seek to tackle language challenges
Bello Usman Abdullahi, the chief operating officer of the blockchain education platform Bitkova Academy, said the language barrier is one of the current major challenges.
Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg
Senator Andrew Bragg says rejecting his crypto bill will drive investment away from Australia but lawyers claim it’s part of a bigger regulatory picture.
Change to US accounting rules will be a boon to companies holding crypto in 2025
The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility.
Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity
Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors.
Riot Platforms says Texas energy strategy reduced production costs by $31M
As Texas baked in the sun, Riot Platforms received two types of monetary credit for being attentive to the grid’s power needs.
Binance creates smart contract to refund users affected by $3M rug pull
After the rug pull, Xirtam scammers directly deposited stolen funds onto Binance, prompting the exchange to freeze the assets.
HashKey signs MOU for crypto exchange insurance
The policy would potentially cover both the exchange’s hot wallets and cold storage addresses.
Google will allow ads for NFT games starting September 15
The new updates to the cryptocurrency ads policy allows for NFT gaming ads provided the games and ads don’t promote gambling.
Here’s why Bitcoin will hit $22K soon
This week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market started back in March.
Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin
The firm behind the ‘Crypto Wealth Report’ said it received a spike in the number of crypto-related enquiries by millionaires in the last 6 months.
MetaMask launches feature to sell ETH for fiat
The sell feature on MetaMask Portfolio came roughly five months after the wallet allowed users to purchase crypto using fiat from bank accounts, PayPal, and debit and credit cards.
80 Chinese crypto influencer accounts shut down in latest crackdown
The accounts had over 8 million in combined followers before they were removed.
Coinbase to upsize debt repurchase by $30M
A total of $180 million 2031 Senior Notes will be repurchased by the exchange.
40% of crypto trading platforms are decentralized: World Federation of Exchanges
The World Federation of Exchanges noted in a report that retail demand is higher for crypto products but there’s a lack awareness on investor protection.
Jack Dorsey’s ₿trust acquires African Bitcoin organization Qala
As part of the acquisition, Qala rebrands as the ₿trust Builders Programme and aims to drive the development and education across the Global South.
Nima Capital goes dark after dumping 9M SNY tokens, community calls it VC rug
The VC firm had received a grant from the project in return for locking $40 million worth of liquidity in SYN.
Crypto collapses generate hundreds of millions of dollars for lawyers
Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said.
South Korean Hana Bank enters crypto custody business with BitGo
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.