Many African countries have adopted an ultra-conservative approach when dealing with revolutionary innovations. However, this has largely left residents behind and stifled talent. As a result, many countries are no closer to attaining ambitious goals. Fear of the unknown has prevented leaders from embracing seemingly risky but innovative solutions. For Africa to truly thrive, there…
Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero currency into cash,” said Adrian Foster, Chief Crown Prosecutor in the Crown Prosecution Service. British Man…
The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine DOJ Charges…
The Russian Ministry of Finance has proposed permitting digital currency trading for a select group of qualified investors on licensed exchanges like the Moscow Exchange and St. Petersburg Exchange. Anatoly Aksakov, head of the State Duma Financial Market Committee, believes Russia’s largest exchanges are prepared to handle cryptocurrency transactions. He emphasized that once legal conditions…
Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946…
Remember when everyone went ape for Dogwifhat Coin (WIF)? Now, experts are saying it’s all bark and no bite. Similarly, WhiteBIT Coin (WBT) has faced criticism for its platform’s issues. Investing in crypto can be exciting, but with so much volatility, it’s natural to wonder if there’s a more stable option out there. What if…
TL;DR Kraken has partnered with Atlético de Madrid as its Official Crypto and Web3 Partner and Official Sleeve Partner, aiming to bridge the cryptocurrency industry and the sports world. The initiative aims to enhance fans’ digital experiences and promote cryptocurrency education. The Terms of the Collaboration The US-based cryptocurrency exchange – Kraken – announced its…
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the…
The Bitcoin price has recovered above the pivotal $60K mark, causing many to believe that the bulls are back and a larger rally is in play. At the time of this writing, BTC trades at above $61K, charting an increase of more than 4% in the past 24 hours alone. Source: TradingView As seen…
According to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept. 25, 2012, moved…