Nigeria to Crack Down on Unregulated Crypto Exchanges
Nigeria’s Securities and Exchange Commission (SEC) intends to initiate enforcement actions against businesses and individuals who engage in unregulated cryptocurrency transactions. The local news agency Nairametrics reported on September 9 that Emomotimi Agama, the Director-General of Nigeria’s Securities and Exchange Commission (SEC), announced that Nigeria will take action against entities that attempt to offer cryptocurrency […]
Spot Bitcoin ETFs Record Combined $1.2B Outflows in 8 Days
In eight days, the 12-spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a combined net outflow of $1.2 billion. Bloomberg data from September 9 indicated that investors withdrew approximately $1.2 billion from the 12 Bitcoin ETFs listed on the spot market between August 30 and September 6. Since their listing in January, this […]
FriendTech Shuts down, FRIEND Token Falls 30%
FRIEND token price of FriendTech, a decentralized social network platform, fell by 30% after the platform announced it had relinquished control of smart contracts An adverse trajectory enveloped the native token price as the Web3 firm’s community recently announced that it had relinquished control of smart contracts. The primary cause of this loss of smart […]
Ethereum’s Early Advisor Sues Covington & Burling for $100M
Steven Nerayoff, an early advisor of the Ethereum network, alleges that the law firm Covington & Burling mismanaged his defense of a 2019 extortion case by the United States in a lawsuit for $100 million. Nerayoff claimed in a lawsuit filed on September 6 in the New York County Supreme Court that Covington lawyer Alan […]
CEO: Sybil Hunt, Durable Users Key to LayerZero Airdrop Success
LayerZero Labs CEO Bryan Pellegrino credited aggressive Sybil filtering and focus on dedicated developers and users for the stability of LayerZero’s token price post-airdrop. Bryan Pellegrino, CEO of LayerZero Labs, asserts that the price of LayerZero’s native token remained stable following its airdrop as a result of a combination of aggressive Sybil filtering and a […]