Tag: Blockchain

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$12 Million Worth Korean Crypto Exchanges Shut Down: Here’s Why

Over a dozen South Korean crypto exchanges have closed due to stringent regulatory changes, affecting nearly 34,000 users and leaving $12.8 million in assets inaccessible.

Tether CEO Paolo Ardoino Urges U.S. to Lead in Crypto Regulation Amid 2024 Election

Tether founder Paolo Ardoino calls for sensible crypto regulations in the U.S. as he urges the upcoming presidential administration to foster growth and innovation in the digital assets sector.

Nayib Bukele Donates Bitcoin for Schools in Honduras Amidst Mixed Bitcoin Adoption in El Salvador

El Salvador's President Bukele donates two Bitcoin to support building 1,000 schools in Honduras, reflecting his commitment to Bitcoin advocacy, despite low adoption rates in El Salvador.

Denmark Considers Tax on Unrealized Gains for Crypto Assets Starting 2026

Denmark may soon introduce a tax on unrealized crypto gains, with a potential 42% levy on Danish investors' crypto portfolios.

BRICS 2024 Kazan Summit Explores Cryptocurrency and CBDCs to Promote De-Dollarization

At the BRICS 2024 Kazan Summit, member nations focus on cryptocurrency and CBDC initiatives like Russia's m-Bridge to diminish dollar reliance in cross-border transactions.

Uniswap’s Cross-Chain Feature Shakes Up Crypto Market, Challenging Binance’s Dominance

Uniswap revolutionizes DeFi by introducing permissionless cross-chain bridging for seamless transfers across nine blockchains.

North Korean Lazarus Group Exploits Chrome Vulnerability in DeFi Game Attack on Crypto Investors

Lazarus Group targets cryptocurrency investors with a fake DeFi game, exploiting a Chrome zero-day vulnerability (CVE-2024-4947) to access private data and exfiltrate funds.

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.
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