South Africa eyes stablecoins and blockchain for digital payments

South Africa’s 2024 budget review highlighted the need for structural reforms and a focus on improving public financial management.

South Africa eyes stablecoins and blockchain for digital payments

The annual budget of South Africa revealed its treasury’s plan to promote the adoption of digital payments, which includes analyzing stablecoins and blockchain to “improve the lives ...

7 months ago

Binance faces scrutiny as presidential adviser calls for Nigerian ban

Bayo Onanuga, adviser to Nigeria’s president, accused Nigerians of being unpatriotic when trading currency on the Binance platform.

Binance faces scrutiny as presidential adviser calls for Nigerian ban

An adviser to Nigeria's president has called for a ban on Binance, KuCoin, and other trading platforms in the country. Bayo Onanuga — President Bola Tinubu adviser's...

7 months ago

Texas Bitcoin mining firm sues SEC for overreach on crypto

A Texas crypto firm and industry group sued the SEC, disputing its authority over exchange-traded crypto, aiming to classify them as non-securities.

Texas Bitcoin mining firm sues SEC for overreach on crypto

In a legal maneuver against the U.S. Securities and Exchange Commission (SEC), a Texas-based crypto mining firm called Lejilex and the Crypto Freedom Alliance of Texas (CFAT) initiated lega...

7 months ago

Do Kwon’s extradition to US approved by Montenegro court

Terra founder Do Kwon will be extradited to the U.S. following months of back and forth between courts in Montenegro.

Do Kwon’s extradition to US approved by Montenegro court

A High Court of Podgorica, Montenegro’s capital, ruled to reject South Korea’s request to extradite Do Kwon to his home country for criminal prosecution, per local media outlet ...

7 months ago

US DOJ Requests New Order In Case Against Ex-Binance CEO Changpeng 'CZ' Zhao

DOJ Seeks Protective Order in Lawsuit Against CZ

US DOJ Requests New Order In Case Against Ex-Binance CEO Changpeng 'CZ' Zhao

In the latest update in the United States vs former Binance CEO Changpeng Zhao lawsuit, the U.S. Department of Justice (DOJ) attorneys requested the court for a new proposed order. The move come...

7 months ago

Franklin Templeton leads investment in Blockchain media firm Blockhead

Franklin Templeton, a leading global asset management firm, has spearheaded an undisclosed investment round for Blockhead, a blockchain-focused media publication based in Singapore.

Franklin Templeton leads investment in Blockchain media firm Blockhead

Franklin Templeton, a leading global asset management firm, has spearheaded an undisclosed investment round for Blockhead, a blockchain-focused media publication based in Singapore. Wi...

7 months ago

New crypto exchange Backpack started by former FTX and Alameda execs

Crypto exchange Backpack established by ex-FTX, Alameda Research executives is now offering services to customers in several U.S. states.

New crypto exchange Backpack started by former FTX and Alameda execs

In an X thread on Feb. 21, crypto exchange Backpack announced it has started offering services to users from 11 U.S. states as the exchange deepens its presence on the American market....

7 months ago

UK news: become one of the largest Bitcoin holders

The seizure in UK makes him one of the largest Bitcoin holders

UK news: become one of the largest Bitcoin holders

According to the latest news, it has been discovered that the United Kingdom (UK) has entered the top 3 of the largest Bitcoin holders. However, these are not public or state investmen...

7 months ago

South Korea considers further delay in crypto taxation ahead of general election

South Korea’s ruling People Power Party is proposing another delay in the implementation of cryptocurrency investment gains taxation, now potentially extending the start date to 2027.

South Korea considers further delay in crypto taxation ahead of general election

The move is part of the party’s campaign strategy for the forthcoming general election in April. The party has emphasized the need for a basic regulatory framework for cryptocurr...

7 months ago

Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades

ARK sold Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.

Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades

ARK sold 499,149 shares of Coinbase from its three funds. The sale came after Coinbase beat its fourth-quarter earnings expectations, leading to a string of...

7 months ago

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