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 […]
Coinbase’s cbBTC Token To Transform Bitcoin DeFi Adoption
Coinbase’s entry signals the latest major institutional entrant into the field of BTCFi. Coinbase, the world’s second-largest cryptocurrency exchange, is poised to significantly advance the adoption of Bitcoin-native decentralized finance (DeFi). The exchange recently hinted at developing a new Wrapped Bitcoin (BTC) token, Coinbase BTC (cbBTC), sparking considerable excitement among crypto investors. According to Rena Shah, […]
Bybit Expands Offerings with PYUSD Integration
Users can now deposit and withdraw PayPal’s PYUSD stablecoin on the Solana network, according to cryptocurrency exchange Bybit. In a press statement dated August 15, Bybit stated that it had expanded its support for Solana-based assets, adding PayPal’s PYUSD stablecoin among them. The measure comes after PYUSD recently passed the 500,000th processed transaction milestone, demonstrating […]
WazirX Plans Maintenance to Recover Balances Post $234M Hack
WazirX’s ability to restore balances and secure assets will determine its future and industry security. The hacked Indian cryptocurrency exchange WazirX has announced a scheduled maintenance period to restore account balances and reverse specific trades. According to a post on the X social platform, the maintenance will occur from 6 pm on August 15 to […]
Bybit Unveils New Listing Framework
In an effort to strengthen user protection, Bybit has introduced a thorough new listing and delisting system for cryptocurrencies. The adjustments were revealed by the exchange, which is the second-largest in the world based on trading volume, in a press release dated August 13. Bybit added that it has listed 151 new tokens in 2024 […]