Yellow Card Exchange Expects Crypto Usage Surge in Nigeria by 2024
Yellow Card, a Nigeria-based cryptocurrency exchange, anticipates a significant surge in cryptocurrency utilization within the nation in 2024 following the central bank’s circular that lifted crypto restrictions. The CBN’s decision would affect the public’s and traditional financial institutions’ perception of cryptocurrencies, according to Yellow Card’s Chief Data Protection Officer and Vice President of Legal, Commercial, […]
OpenAI, Microsoft Face Lawsuit from New York Times
The New York Times has filed a lawsuit against OpenAI and Microsoft, seeking billions in damages over using AI-generated content from its newspaper’s extensive article archives. The New York Times is demanding billions of dollars in damages, without specifying a figure, for what it terms “illicit duplication and use” of its content. Furthermore, the legal […]
MicroStrategy Buys 14,620 Bitcoins for $615.7 M
In anticipation of a spot Bitcoin exchange-traded fund (ETF) approval, business intelligence firm MicroStrategy buys 14,620 Bitcoins, increasing its total stash to 189,150 BTC Between November 20, 2023, and December 26, 2023, MicroStrategy and its subsidiaries acquired an additional 14,620 BTC for $615.7 million in cash, the company disclosed in its 8-K filing with the […]
South Korean Public Officials to Disclose Crypto Holdings in 2024
In 2024, about 6,000 South Korean officials must disclose their cryptocurrency holdings to the public. The country’s Ministry of Personnel Management announced on December 27 that the Public Official Ethics System would incorporate details regarding government officials’ private crypto asset holdings. In the past, certain Korean civil servants would divulge their cryptocurrency holdings in the […]
BarnBridge DAO Pays $1.7M in Settlement to SEC
BarnBridge’s governing body has agreed to pay $1.4 million, and its two founders will each pay a civil penalty of $125,000 as settlement to the SEC as both have settled and agreed to cease the “unregistered offer and sale of structured finance crypto product. The United States Securities and Exchange Commission (SEC) and the governing […]