Tag Archives: News

Morocco is set to become the first developing country with clear crypto regulations. It will also balance security, innovation, and financial growth. The Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, recently shared that Morocco is close to adopting a legal framework for regulating crypto-assets. It seeks to first manage the use of crypto-assets and also encourage financial innovation. According to Jouahri, the framework was designed in line with G20 recommendations. At the same...

Cryptopia liquidators distribute $400M to victims of 2019 hack. Ongoing distributions are planned for verified users in the New Year. The liquidators of the bankrupt Cryptopia exchange have reached a significant milestone in their ongoing liquidation process. More than 10,000 verified account holders have now received their first cryptocurrency distributions over the past two days. It is part of an effort to return assets to those who have been affected by the Cryptopia 2019 hack. In just...

Mo Shaikh steps down as Aptos Labs CEO. Avery Ching will take over to drive innovation and growth in the blockchain space. Aptos Labs Co-Founder and CEO Mo Shaikh has announced he is stepping down from his role to “start a new chapter.” This decision marks a significant shift in the leadership of the blockchain company. Shaikh shared this news on the social media platform X. He was grateful for the journey and hopeful for the company’s future. Further, he talked about his passion for building...

FTX announces its Chapter 11 plan’s effective date as January 3, 2025, with BitGo and Kraken assisting in customer recovery. FTX, the cryptocurrency exchange once led by convicted founder Sam Bankman-Fried, has set a date for its Chapter 11 reorganization plan. After years of uncertainty, the exchange announced that the plan would take effect on January 3, 2025. This date will also be the first distribution record date concerning the holders of allowed claims within the plan’s Convenience...

Metaplanet raises 4.5 billion yen to expand Bitcoin holdings, boosting stock prices and strengthening its position in the crypto market. In a major development, Metaplanet, often referred to as Japan’s MicroStrategy, raised 4.5 billion Japanese Yen through the issuance of ordinary bonds on December 17. These bonds, which carry no interest, were sold to EVO FUND. The bonds have a maturity date set for June 16, 2025. The money received will go towards purchasing more bitcoins for the company to...

Lido will stop staking on Polygon in June 2025 owing to poor adoption. The unstaking phase begins on December 16, with a six-month transition window. Lido Finance is the biggest liquid staking protocol in the DeFi space and has recently declared that it is shutting down its Polygon staking service. It made the declaration on December 16, 2024. The move follows a discussion by the Lido Decentralized Autonomous Organization as well as a vote by the community to endorse the action. Lido DAO...

Ripple launches RLUSD, a stablecoin backed by U.S. dollar reserves, for global financial use and seamless crypto transactions. Ripple has announced the launch of RLUSD, its new USD-denominated stablecoin. Starting December 17, 2024, RLUSD will be available on several global exchanges. These include Uphold, Bitso, MoonPay, Archax, and CoinMENA. The company wants to list RLUSD on additional platforms such as Bullish, Bitstamp, Independent Reserve, Mercado Bitcoin, and Zero Hash in the next...

Trump states the creation of a Bitcoin reserve in the US  in order to increase crypto supremacy. Bitcoin has reached $100K, with expectations of reaching $800K by next year. The price of Bitcoin has surged past $100,000 after former President Donald Trump declared the creation of a U.S. Bitcoin strategic reserve. The news comes as Trump intensified his efforts to make the United States a world leader in cryptocurrencies. This follows his decisive November elections. According to the plan,...

Bitpanda receives VARA approval to expand into the UAE, setting the stage for full operations with local partnerships and compliance. Bitpanda, Europe’s leading regulated cryptocurrency platform, is taking a significant step toward expanding globally. The company has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval takes Bitpanda closer to commencing its operations in the UAE under the entity, Bitpanda Broker MENA DMCC. However,...

Mark Longo, known as Squirrel Dad, sues Binance for unauthorized use of Peanut the Squirrel’s images and intellectual property. Mark Longo, known as Squirrel Dad, has taken legal action against Binance. He claims the company used his intellectual property without permission. This includes images and trademarks associated with Peanut the Squirrel, an animal Longo rescued in 2017. Peanut, also referred to as P’Nut, gained a lot of popularity on social media platform. The squirrel’s pranks were...