Binance Exec’s Trial Moved Up Despite Lack of Legal Counsel
The Nigerian government accuses Binance of being responsible for the fall of the Naira currency amid multiple alleged money laundering charges. The legal trial for Tigran Gambaryan, a Binance executive and former United States federal agent, has been moved to September 2. The crypto industry is anxiously awaiting the outcome. Gambaryan’s next court hearing is set […]
Telegram Financial Report Reveals $400 Million in Crypto Holdings
At the end of 2023, Telegram had about four million premium users, which has grown to over five million. Telegram, the widely used messaging app, reportedly held $400 million in digital assets at the end of last year, according to its 2023 financial statement. This revelation comes amid news that the app’s CEO, Pavel Durov […]
BlackRock’s Bitcoin ETF Sees Second-Ever Outflow of $13.5M
BlackRock’s Bitcoin ETF has experienced its second-ever day of outflows as the price of Bitcoin slipped below $59,000. BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) has experienced its second outflow since its launch in January. The IBIT ETF recorded a net outflow of $13.5 million on August 29, which marks its second outflow since it […]
Lemniscap Raises $70M to Invest in Early Stage Web3 Startups
The new fund will support startups working on blockchain-based solutions, such as zero-knowledge infrastructure and new Bitcoin ecosystems. Venture capital firm Lemniscap has announced the launch of a new fund to support early-stage Web3 startups. As per the announcement on August 28, the fund will have $70 million to invest in various blockchain-based businesses. These include […]
Nigeria’s SEC Licenses First Local Crypto Exchange
Other local exchanges will likely emulate Quidax’s approach and strive to satisfy the SEC’s requirements as the regulatory environment evolves. In a significant development for Nigeria’s rapidly growing cryptocurrency sector, the Securities and Exchange Commission (SEC) has granted the first provisional operating license to Quidax, an African-founded crypto exchange. This milestone marks the beginning of […]