SEC Warns Nigerians Against Marino FX Limited, Labels Claims as False
The Securities and Exchange Commission (SEC) has issued a stern warning to the public, advising against engaging in any business...
Bybit Adds Hamster Kombat to Pre-Market Trading Platform
Bybit, a prominent cryptocurrency exchange, has expanded its support for projects on The Open Network (TON) by including Hamster Kombat...
Turkish Crypto Boss Bags 11,196 Years In Jail For Fraud, Others
A dramatic conclusion was reached in the case of Thodex cryptocurrency exchange founder Faruk Fatih Ozer, as he and his...
Binance CEO Confirms Non-Sale of Bitcoin and Binance Coin Amid SEC Lawsuit
Changpeng Zhao, the CEO of cryptocurrency exchange Binance, stated in a tweet on Tuesday that the company has not sold...
EU Parliament Approves Rules To Regulate Cryptocurrency
The European Union parliament has approved a set of comprehensive rules to regulate the use of cryptocurrencies.
The Rise and Fall of Bitcoin: A Journey Through Price Volatility
Introduction Bitcoin, the first and most well-known cryptocurrency, has experienced a rollercoaster ride since its inception in 2009....
Revolut reports first-ever annual profit
Revolut, a financial technology company, has reported its first-ever annual profit, with revenues of £636.2 million ($767.1 million) for 2021, tripling its previous year's figure. Revolut's CFO, Mikko Salovaara, attributes this success to the company's diversified business and strict cost control. The company expects revenues to grow over 30% to £850 million in 2022. Revolut offers digital banking, money transfers, cryptocurrency, and stock trading through a single app and competes with companies such as Wise, Monzo, and Starling. Read on to learn more about Revolut's success and challenges.
Digital Surge crypto exchange to resume trading after signing recovery plan
Australian cryptocurrency exchange Digital Surge has signed a successful restructuring plan after being hit hard by the collapse of FTX,...
Korean Financial Authorities Investigate Crypto Staking Services Market Following SEC’s Kraken Settlement
On February 15, a local publication reported that Korean financial authorities are currently investigating the staking services market. This comes...
NFT Influencer ‘NFT God’ Loses $30,000 in Hack Attack via Google Ad Scam
An NFT influencer who goes by the pseudonym “NFT God” on Twitter has reportedly had $30,000 worth of digital collectibles...
CBN Makes U-turn On Crypto Ban, Plans Regulatory Policy For Usage
CBN appears to have reversed its ban on cryptocurrencies in the country as it disclosed plans to set up a regulatory framework for its use.
Naira Falls To N750 At P2P, N737 At Black Market
The value of the naira against the dollar went down to N750 in the peer-to-peer market segment and N737 in the black market, OduNews reports.
Binance Withdraws From Buying Troubled FTX
Renowned crypto exchange platform Binance has withdrawn from purchasing rival platform FTX, OduNews reports.
Bears Control Crypto Market As FTX-Binance Turmoil Frightens Investors
The crypto currency market witnessed a massive crash on Wednesday at the back of a public feud between the CEOs of Binanace anf FTX.
Ex-Firstbank Chair, Ibukun Awosika, Joins Binance Advisory Board
Former chairperson of Firstbank, Ibukun Awosika, has joined Binance’s advisory board to help the cryptocurrency exchange manage some of the most urgent regulatory concerns the industry is now dealing with.
Ghana To Host Maiden Africa Bitcoin Conference
The maiden edition of the Africa Bitcoin Conference is set to hold in Accra, Ghana, OduNews reports.
Crypto Market Reacts Negatively To US Inflation Hike
The cryptocurrency market pointed south on Tuesday as inflation hit 8.3 per cent in the US last month as the price of goods rose 0.1 per cent on a month-on-month basis.
Despite CBN Restriction, Nigeria Tops Bitcoin Trading In Africa
Nigeria has been ranked the leading country in bitcoin adoption in Africa as global trade in the digital coin hit $3 trillion.
Crypto Platforms Lose $44bn To Cyber Attacks
Cryptocurrency platforms lost over $44 billion to cyber attacks, particularly decentralised finance, between June 2021 and June 2022.
Binance Waives Trading Fee For Ethereum
Cryptocurrency trading platform Binance says that Ethereum (ETH) trading on its platform will be free for one month starting from August 26th, 2022.