Ethereum Developer Prison Term Reduced by 7 Months
Virgil Griffith, an Ethereum developer, has had his prison sentence for violating North Korea’s sanctions reduced to 56 months. This week, the Ethereum developer Virgil Griffith was granted a seven-month reduction in his prison sentence. Griffith was convicted of violating the sanctions law during his 2019 visit to North Korea, where he delivered a speech […]
Grayscale Unveils New Fund for AI Coins
Grayscale recently announced the launch of a new decentralized AI coins fund, which aims to provide investors with access to AI token investment opportunities without direct ownership. Grayscale, a prominent crypto asset manager, has recently made global headlines by announcing the Grayscale Decentralized AI Fund, a new fund for AI coins. In an official statement issued […]
Crypto Exchange OKX Halts Operations in Nigeria
OKX, a digital asset exchange, has announced the discontinuation of its services in Nigeria, citing local regulations. Crypto exchange OKX has announced its withdrawal from Nigeria, citing local laws in the wake of a recent crackdown on digital asset services in the country. This contributes to the ongoing regulatory crisis that crypto companies are currently encountering in […]
HKMA Reveals Fiat-Pegged Stablecoin Updated Regulations
The Hong Kong Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) have issued updated regulations for fiat-pegged stablecoins. Hong Kong has made a significant stride toward the establishment of a comprehensive framework for fiat-pegged stablecoins. The Financial Services and Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have jointly disclosed […]
Nigeria Starts Reviewing Blockchain Technology Policy
The evaluation of the policies governing the Nigeria Blockchain Technology Policy implementation commenced on July 17, as confirmed by the Chairman of the committee Chuta announced on the X social platform that the Steering Committee has commenced reevaluating the country’s national blockchain policy implementation policies. Revision of the blockchain policy The National Blockchain Policy Steering […]