news

Wallet of Satoshi, a provider of Lightning Network payment services, has announced its departure from the U.S. market, leaving its customers to find alternative options. Although no specific reasons were provided, the company informed its U.S. clientele that they can withdraw and transfer their funds to a different wallet. Wallet of Satoshi Halts U.S. Operations […]

The Son's Disregard for Lagarde's Advice During a town hall session with students in Frankfurt, European Central Bank (ECB) President Christine Lagarde revealed that her son went against her advice and invested in cryptocurrency. Despite her repeated warnings, he ultimately lost approximately 60% of his investment. Lagarde expressed her disappointment, stating, "He ignored me royally,

Introduction The crypto community is buzzing with excitement as Blast, a new Ethereum layer two (L2) platform, gains prominence. With a notable $20 million in funding from investors like Paradigm and Standard Crypto, Blast is making waves in the digital asset space. Developed by Pacman, the entrepreneur behind the popular non-fungible token (NFT) marketplace Blur,

Nigerian fintech startup Paystack has announced that it will be scaling down its operations outside of Africa and letting go of 33 employees based in Europe and the United Arab Emirates (UAE). Co-founder Shola Akinlade has assured the affected employees that the company will assist them in finding new job opportunities. Localizing Costs and Prioritizing

The Bank of Ghana has recently raised concerns about eight money transfer organizations that are allegedly operating in Ghana's remittances and forex market without the central bank's approval. In a notice issued on November 16, the Bank of Ghana (BOG) also cautioned the public and regulated financial institutions against engaging with these eight firms. Eight

A spot bitcoin exchange-traded fund (ETF) approval in the U.S. has the potential to bring in a significant amount of new capital to the cryptocurrency market. Glassnode, a blockchain data firm, has conducted an analysis on the subject and provided insights into how spot bitcoin ETFs could reshape market demand and supply, marking a new

Federal Authorities Insist on Former Binance CEO's Stay in the US In the aftermath of the settlement between the U.S. Department of Justice and Binance, the world's largest cryptocurrency exchange, federal authorities are adamant that the exchange's former CEO, Changpeng Zhao (CZ), must remain in the United States until his sentencing in February 2024. Prosecutors

The Surge and Decline of AI-Driven Crypto Market In the early months of 2023, the AI-driven crypto market soared, reaching a peak of over $4 billion. However, by the end of July, this sector experienced a notable decline, dropping to $2.6 billion. Despite this downturn, the last three months have witnessed a recovery in the

Introduction The U.S. Department of Justice (DOJ) has recently revealed charges against Binance Holdings Limited, the world's largest cryptocurrency exchange, for noncompliance with anti-money laundering (AML) laws. The DOJ reached a significant settlement of $4.316 billion with Binance, despite the company's claims in 2019 to bar U.S. users. This article delves into the details of

Tom Farley's Optimistic Outlook In a recent interview with CNBC, Tom Farley, the former President of the New York Stock Exchange (NYSE) and current CEO of Bullish, shared his positive outlook on the future of cryptocurrency, specifically Bitcoin. He believes that the potential approval of a Bitcoin spot exchange-traded fund (ETF) by the Securities and