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Tag Archives: News

Calls for Compliance-Focused Crypto Regulation in Nigeria

In Nigeria, there is increasing advocacy for a shift in the regulatory framework governing the cryptocurrency industry, with calls for a focus on compliance rather than criminalization. Obinna Iwuno is the former president of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN). He has emerged as a prominent advocate for a more balanced regulatory approach. Iwuno has also noted that the current legal framework, which has resulted in contract laws and legal battles, and...

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WazirX Blames Unnamed External Parties for Delay in Its Restructuring Process

Indian exchange WazirX took shots at certain unnamed entities, accusing them of making it harder for the exchange to start its restructuring process. The process will allow the exchange to refund users appropriately while securing their assets simultaneously. As the effects of the WazirX hack from July carry on, preventing its users from withdrawing their crypto, the exchange announced a restructuring plan on August 23. It also stated users could withdraw their INR (Indian Rupee) deposits in...

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Simon’s Cat Locks $15M in Tokens for 420 Million Years Using FlokiFi Locker

Simon’s Cat, a popular meme and animated series, has locked over $15 million worth of $CAT and $BNB tokens using Floki’s crypto locker protocol, FlokiFi Locker. Floki announced this revolutionary news via the official X account. These tokens are locked on the BNB Chain for an astonishing 420 million years which means they will not be available for generations. This move demonstrates Simon’s Cat’s dedication to security and confidence in employing Floki’s locker protocol, which has received...

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JP Morgan Report Shows Bitcoin Miners’ Profits Dwindling Post Halving

Bitcoin miners facing hardships due to reduced mining rewards, finds JP Morgan. JP Morgan expects Riot and Iren stock prices to climb in the coming months. According to a recently published JP Morgan report, Bitcoin miners are struggling to keep up with the post-halving event as reduced rewards and increasing electricity costs eat through their revenues. The Bitcoin halving that occurred on April 20 cut mining rewards by half, reducing them from 6.25 BTC to 3.125 BTC. Miners have no option...

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Telegram Founder Pavel Durov Arrested in France

Pavel Durov, the founder and CEO of Telegram, has been arrested in France by agents of the National Anti-Fraud Office (ONAF). Durov, aged 39, was detained at Le Bourget airport on Saturday evening, shortly after arriving from Azerbaijan on his private jet. He was accompanied by a bodyguard and a woman, according to French news site TF1.  Durov Faces Charges of Terrorism and Fraud Amid Allegations of Telegram’s Role in Crime Durov was listed in the wanted persons file (FPR) due to allegations...

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Gate.io Teams Up with Inter Milan as Official Sleeve Sponsor

Gate.io, a prominent cryptocurrency exchange, has entered into a significant partnership with FC Internazionale Milano (Inter), a leading football club and current Serie A champions. This partnership will involve placing the Gate.io logo on the sleeves of the Inter Mens, Womens, and U20 teams’ shirts beginning of the 2024/25 season. As mentioned by Gate.io in its blog post, this new role of becoming the Official Sleeve Partner is a combination of sports and digital innovation. The...

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