news

The Nigerian fintech startup, Vella Finance, has recently made the decision to stop offering crypto-related services and instead shift its focus to providing banking services specifically tailored to small and medium-sized businesses. Co-founder Tolu Adedayo stated that this strategic move was based on business reasons and the need to better serve their target market. Business […]

Solana (SOL) Solana (SOL) experienced a significant surge in price on Monday, surpassing the $35.00 level. After reaching a low of $32.29 on Sunday, SOL/USD climbed to an intraday high of $35.17 at the start of the week. This is the highest level the cryptocurrency has reached since November 6 of last year, when the

Lawmakers Express Concerns Two U.S. lawmakers, Senator Cynthia Lummis and Representative French Hill, have written a letter to U.S. Attorney General Merrick Garland, urging the Department of Justice (DOJ) to investigate Binance and Tether. The lawmakers have alleged that these two cryptocurrency platforms were used to fund Hamas and have a history of allowing illegal

Introduction On October 13, 2023, California passed a significant law known as the Digital Financial Assets Law. This legislation marks California's first comprehensive framework for regulating digital asset markets. The law introduces new requirements for crypto companies and others operating in the digital financial asset space. In this article, we will explore the key provisions

The decentralized finance (defi) market has witnessed a significant rebound, with the total value locked (TVL) surpassing the $40 billion mark. This milestone comes after a period of consolidation since mid-August, indicating a renewed surge in defi protocols. Furthermore, the top 100 defi coins are inching closer to the $50 billion threshold in market capitalization.

Worldcoin Updates Token Supply and Loan Agreements Worldcoin, a project that utilizes iris biometrics for creating a unique human identity database, announced on Sunday that it is making changes to the distribution of its circulating WLD token supply and its market maker loan agreements. The project, which was launched in July, will reduce the loan

Introduction A recent report by onchain analyst Zachxbt revealed that 4,800 bitcoins, worth $144 million, which were taken from the now-defunct darknet marketplace Abraxas, have been transferred to a bitcoin mixing service. This comes after Abraxas exit scammed in November 2015 and the bitcoins had remained untouched since then. Bitcoin Transfer from Abraxas Wallet Zachxbt

Amidst the international economic uncertainty with disputes in Ukraine and Israel, coupled with rising interest rates hinted by Jerome Powell of the Federal Reserve, the 10-year Treasury note rose to a record 5% – a level unseen since 2007. This tumultuous situation has resulted in a significant increase in gold and silver prices, aligning with

Hong Kong Updates Regulations for Virtual Asset Service Providers Hong Kong's securities regulator and central banking institution have recently updated the region's crypto policy in response to industry inquiries. The updated policy introduces additional measures to protect retail investors and restrict their access to what regulators deem as "complex products." Background Five years ago, Hong

FTX's Former General Counsel Shocked by Billions of Dollars in Secret Transfers Can Sun, the former general counsel of FTX, testified in federal court on Thursday, revealing his shock upon discovering that FTX founder Sam Bankman-Fried (SBF) had secretly transferred billions of dollars in customer funds to his hedge fund, Alameda Research. Sun told prosecutors