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The Central Bank of Nigeria (CBN) made an important announcement on January 31, stating that it has eliminated the caps on naira payout rates for international money transfer operators (IMTOs). This policy change is part of the CBN's efforts to further liberalize the foreign exchange market. As a result of this decision, the naira experienced […]

Montenegro Extradites Han Chang-joon to South Korea The former financial officer of Terraform Labs, Han Chang-joon, has been extradited to South Korea to face fraud-related charges. The Montenegro police confirmed that Han's extradition was facilitated by the country's Justice Ministry. This development comes almost a year after Han and Terraform Labs co-founder Do Kwon were

School Officials Admit to Crypto Mining Operation Using District Resources Two senior officials from the Patterson Joint Unified School District in California have admitted to exploiting school resources for their own gain, including orchestrating a cryptocurrency mining operation, as disclosed by the U.S. Department of Justice (DOJ). Jeffrey Menge, 43, of Copperopolis, and Eric Drabert,

JPMorgan's Warning on Tether and Crypto Market Risks JPMorgan, the global investment bank, has raised concerns about the potential risks to the crypto market due to Tether's lack of regulatory compliance and transparency. In a recent report, JPMorgan analysts pointed out that other stablecoin issuers who are more compliant with existing regulations are likely to

Technical Challenges Couldn't Stop the Sale The sale of Taproot Wizards Quantum Cats non-fungible tokens (NFTs) has proven to be a remarkable success, with a total of 268.3 bitcoin, equivalent to $11.3 million, collected so far. Despite facing initial technical difficulties that caused a delay in the sale, 2,681 Quantum Cat NFTs have already been

Introduction In recent reports, it has been revealed that several of the newly launched bitcoin exchange-traded funds (ETFs) have significantly increased their holdings of bitcoin. This comes after the last day of trading activity on February 2nd, 2024. Notably, Blackrock's IBIT now holds 72,466.64 bitcoin, valued at $3.12 billion, while Fidelity's Wise Origin ETF, FBTC,

Bitcoin's Disappointing Performance Against Gold Commodity market expert Mike McGlone, from Bloomberg, has raised concerns about the potential downturn for bitcoin compared to gold. He highlights the underwhelming performance of bitcoin against gold since its peak in 2021. According to McGlone, the bitcoin-to-gold ratio has dropped by approximately 40% from its 2021 high of 37

Bitcoin Advocate Nayib Bukele Gets Reelected With 85% of the Popular Vote President Nayib Bukele, a pioneer in introducing the law that made bitcoin legal tender in El Salvador, has been reelected as the president of the country in the ballot completed on Sunday. The Latam leader, who will reportedly continue implementing bitcoin-related policies, won

Introduction The market capitalization of the artificial intelligence (AI) cryptocurrency sector has experienced a remarkable increase of $1.07 billion within a span of only 12 days. This surge is primarily attributed to the impressive performance of bittensor (TAO), which witnessed a notable rise of 31.6% against the U.S. dollar in the past week. Over a

Bitcoin Remains Legal Tender in El Salvador El Salvador has reiterated its dedication to embracing bitcoin as legal tender, despite the International Monetary Fund's (IMF) repeated appeals for the country to abandon the cryptocurrency. According to El Salvador Vice President Félix Ulloa, not only will the bitcoin law be upheld, but the cryptocurrency currently holds