Nigeria Utilizes Blockchain and AI to Combat Financial Crime
Nigeria’s financial crime chief, Olanipekun Olukoyede, advocates using blockchain and AI to combat Africa’s $88.6 billion annual illicit money outflows. In order to combat financial crimes, a senior Nigerian official has suggested the implementation of sophisticated technology to prevent the illicit transfer of funds from Africa. Olanipekun Olukoyede, the director of Nigeria’s primary agency dedicated […]
Terra Luna Classic to Burn 18 Billion LUNC Tokens
Terra Luna Classic community plans to burn 12 billion LUNC and 68 million USTC, aiming to revive and repeg USTC to $1. The Terra Luna Classic community will burn 12 billion LUNC and 68 million USTC in contracts, which includes the Lido DAO rewards dispatcher, to utterly remove them from the supply. The decision was […]
Hong Kong Strengthens Crypto and Security Token Regulations
Hong Kong advances its comprehensive crypto and security token regulations, surpassing Singapore and the U.S. in licensing scope. Hong Kong has made substantial progress in the development of security token offerings (STOs) and cryptocurrency, surpassing financial centers such as the United States and Singapore. In contrast to other regions, Hong Kong’s comprehensive license accommodates both […]
Binance Enhances Monitoring to Tackle Account Misuse
Binance announces enhanced measures to combat account misuse, citing detection of unfair advantages gained through feature exploitation. Binance announced on June 27 that it is enforcing more stringent measures to prevent account misuse, which will include additional surveillance of all account activities. The company has recently identified instances in which specific account features on the […]
Logan Paul Sues Coffeezilla for CryptoZoo Defamation
Logan Paul sued YouTuber Coffeezilla for defamation over videos about his failed CryptoZoo NFT project. On Thursday, influencer Logan Paul filed a defamation lawsuit against Stephen Findeisen, who is known as “Coffeezilla” on YouTube, for the videos he produced about Paul’s doomed CryptoZoo non-fungible token (NFT) project in 2022. According to the lawsuit filed on […]