Nigeria Sets to Ban P2P Crypto Trading in Naira
To implement new regulations, the Nigerian government intends to prohibit peer-to-peer (P2P) cryptocurrency exchanges that utilize the Nigerian naira (NGN), the national currency. Bloomberg reported on May 7 that “in the coming days,” Nigeria’s Securities and Exchange Commission (SEC) will unveil a new regulatory framework for cryptocurrency exchanges, custodians, and other industry firms. Agama, director […]
Revolut Launches Crypto Exchange for UK Users
Revolut launched a new dedicated crypto trading platform for UK retail users dubbed Revolut X. Revolut, a global neobank and fintech company, has made a significant foray into cryptocurrencies by covertly launching a specialized trading platform for retail clients in the United Kingdom. Targeting a particular demographic, Revolut introduced Revolut X on May 7. According […]
Kronos Research Hacker Moves Exploit to Tornado Cash
Six months after the $25 million hack on quantitative trading firm Kronos Research, one of the six wallets linked to the hacker has moved funds to Tornado Cash. The compromised wallet initially transmitted 1,314 Ether, valued at $4 million, to an address beginning with 0x8F5e4 and then transferred the entire amount to an address beginning […]
Gnus.AI Network Loses $1.27M to Discord Hack
Gnus.AI artificial intelligence network was hit by a hacker who was able to view team members’ private Discord messages and mint fake tokens, leading to a loss of $ 1.27 million. On May 5, exposure to token-minting vulnerabilities caused the Gnus.AI artificial intelligence network to incur an approximate loss of $1.27 million. The group declared […]
USDh Synthetic Dollar to Launch with 25% Yield
The first Bitcoin-native synthetic dollar USDh is looking to launch by June and promises a 25% yield. The new synthetic dollar, USDh, is expected to provide users with yields of up to 25% when released in June, according to an announcement by Hermetica that was shared with Cointelegraph. Jakob Schillinger, founder and CEO of Hermetica […]