Tag: Bitcoin News

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U.S.-Nigeria Diplomatic Tensions Over Binance Employee’s Detention Highlight Cryptocurrency Regulation Challenges

The arrest and release of Binance compliance officer Tigran Gambaryan in Nigeria strained U.S.-Nigeria relations, underscoring challenges in cryptocurrency regulation and diplomatic negotiations.

Coinbase Demands Regulatory Transparency Amid Crypto Crackdown

Coinbase files two Freedom of Information Act (FOIA) requests to seek clarity from U.S. regulators, particularly the FDIC, regarding limitations on bank deposits from crypto firms.

MakerDAO Faces Setback with Sky Rebranding as Token Prices Plummet

MakerDAO’s rebranding to Sky has seen poor market performance, prompting a reconsideration of the change. The new token, SKY, has declined by nearly 27%, while the USDS stablecoin shows promising on-chain metrics.

Nigerian Court Convicts Crypto Firm for Unlicensed USDT-Naira Trading, Orders N140 Million Forfeiture

Federal High Court in Abuja convicts Official Gredo Limited for unauthorized USDT-Naira trading, ordering the forfeiture of N140 million and imposing a N1 million fine for illegal financial activities.

“…Then Why Crypto?”– Ledger CEO Takes Bold Pro-Self Custody Stance

Ledger CEO Pascal Gauthier highlights the importance of self-custody in crypto at Blockchain Life Dubai, arguing that without self-custody, the core purpose of cryptocurrency is lost, despite innovations like Bitcoin ETFs.

Binance and Crypto.com Dethroned as Decentralization Makes Way

Binance and Crypto.com face declining market share as smaller exchanges like Bybit and OKX gain ground, and decentralized exchanges (DEXs) continue to rise in popularity.

Minneapolis Fed President Links Crypto to Drugs in a Shocking Assessment

Minneapolis Fed President Neel Kashkari claims most cryptocurrency transactions are for drugs or illegal purposes. Crypto proponents counter with facts on crypto's growing legitimacy and usage.

Crypto Could Provide a Lifeline as EU-Russia Sanctions Strain Italian SMEs

EU sanctions on Russia have hit Italian SMEs hard, complicating trade routes and payments. As traditional financial systems falter, could cryptocurrencies offer a solution for cross-border transactions?

India Considers Crypto Ban to Bolster Digital Rupee Adoption

India weighs a ban on private cryptocurrencies like Bitcoin and Ether, favoring the adoption of its digital rupee. Officials argue that Central Bank Digital Currencies (CBDCs) offer more benefits with fewer risks than crypto assets.

UK FCA Defends Crypto Regulations Amid Criticism of Stifling Innovation

The UK Financial Conduct Authority defends its stringent crypto regulations, responding to claims that its tough stance stifles innovation.

Michael Saylor Under Fire as Bitcoin-ers Fume Over ‘Crypto-Anarchists’ and Self-Custody Criticism

In the crypto world, few names resonate as powerfully as Michael Saylor’s. The Microstrategy co-founder and Executive Chairman has long been hailed as a...

Gary Gensler All Set to Bid Goodbye to SEC as Crypto in America Reels Under Uncertainty

As Gary Gensler's tenure as Chair of the U.S. Securities and Exchange Commission (SEC) draws to a close, a palpable sense of anticipation surrounds the crypto industry.
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