Crypto Can Aid Unbanked Population – Nigeria’s SEC DG
Emomotimi Agama, the Director General of SEC in Nigeria, has emphasized the potential of crypto to provide substantial benefits to the country’s unbanked population. According to local news outlets, Agama predicted that Nigeria’s cryptocurrency market would reach $52.5 million by 2028 during the 2024 Annual Conference of the Association of Capital Market Academics of Nigeria. […]
Bolivia’s Central Bank Lifts Ban on Crypto, Bitcoin Transactions
Bolivia’s central bank has withdrawn its ban on Bitcoin and crypto payments, enabling financial entities to use digital asset transactions to modernize its payment system. The central bank stated that the decision was taken to assist Bolivia in enhancing its economically depressed state and to ensure it complies with Latin American crypto regulations. Terminating the […]
Yield App Crypto Platform Shuts Down, Citing FTX Losses
On June 28, Yield App, a Seychelles-incorporated crypto investment platform, declared that it would cease all operations on its platform immediately, citing losses from FTX exposure. According to an official statement, the decision was made to guarantee that all consumers and stakeholders of Yield App receive equitable and equitable treatment. “This follows the realization of […]
History Associates, Coinbase Join Forces in FDIC Lawsuit
Coinbase and History Associates have partnered in the US FDIC lawsuit to compel them to comply with a Freedom of Information Act (FOIA) request. The petition, as stated in a legal document filed on June 27, is in response to the Federal Deposit Insurance Corporation (FDIC) decision to withhold documents known as “pause letters.” These […]
AltLayer, Arbitrum, Others to Unlock $755M in July
Over 40 crypto projects, including AltLayer, Arbitrum, and Optimism, will conclude the release of their crypto assets in July, unlocking crypto tokens valued at $755 million. To prevent early investors and team members from selling their tokens, crypto vesting locks them down. This mechanism is instrumental in avoiding a price decline during the initial stages […]