Zimbabwe Reserve Bank Tackles Concerns Over New Currency
The Zimbabwe Reserve Bank (ZRB) declared new measures to combat its new currency, Zimbabwe Gold (ZiG) usage in the black market and enhance its adoption in the domestic market. Using its X account, the Zimbabwe Reserve Bank (ZRB) directly appealed to the public, urging individuals to report unlawful currency traders and establishments that declined to […]
Hong Kong Kicks out All Crypto Exchanges Without SFC License
Hong Kong orders the immediate cessation of operations for all cryptocurrency exchanges without an operational license from the Securities and Futures Commission (SFC). Hong Kong regulators issued cryptocurrency exchanges an explicit request on February 29 to reduce investor risk: either file for a license by that date or cease operations within three months. Over twenty-two […]
Ex-Bank Exec Faces 41 Months Sentence for Crypto Fraud
A New York District Court in Brooklyn sentenced former Deutsche Bank Exec Rashawn Russell to 41 months in prison on May 31 for wire fraud in a crypto conspiracy fraud scheme. The Justice Department (DOJ) has determined that Russell was in charge of the fraudulent R3 Crypto Fund from November 2020 to August 2022. The […]
Davido Memecoin Raises Concern in Nigeria Crypto Community
The Nigerian cryptocurrency community has criticized Afro-pop superstar Davido’s new memecoin, with many believing it may be a token dump strategy. Lookonchain reports that eleven hours after the May 29 inauguration of the DAVIDO memecoin, Davido sold it for a substantial profit of 2,783 SOL ($473,000). The remaining unrealized profit for the singer is $207,000. […]
Celo Integrates Chainlink’s CCIP Protocol for Interoperability
On May 29, Ethereum’s Layer-2 network Celo integrated Chainlink’s CCIP Protocol for blockchain Interoperability and real-world price data. Following the deployment of CCIP on Celo, Eric Nakagawa, the executive director of Celo, released the following statement: “Canonical cross-chain infrastructure can accelerate the adoption and long-term growth of the Celo ecosystem.” “As the only interoperability solution […]