The deputy director of the Central Bank of Nigeria (CBN), Olubukola Akinwumi, recently accused Binance of engaging in transactions that are typically reserved for authorized banks and financial institutions. This accusation came to light during Akinwumi’s testimony in a lawsuit brought forward by the Economic and Financial Crimes Commission (EFCC) against Binance and its executive,
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Growing up in Edo State, Nigeria, with my three siblings has shaped me into the person I am today. My parents have been my unwavering support system, guiding me through life’s ups and downs. Their love and encouragement have provided me with a sense of safety and security that I cherish deeply. Three years ago,
Former Solicitor General Donald B. Verrilli has recently accused US regulators of intentionally stifling the growth of the crypto industry through debanking practices. Verrilli, who now works as a senior legal strategist for Grayscale Investments, expressed his concerns in a joint amicus brief with Paul Clement, another former Solicitor General. This criticism highlights a growing
Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently made a significant move by applying for a license to operate as a Virtual Asset Service Provider (VASP). This decision has been confirmed by the Financial Supervisory Commission, listing Taiwan Mobile as the 26th VASP in the country. With Lin Zhichen named as the person
The European Banking Authority (EBA) recently announced an update to its Travel Rule guidelines, extending the requirements to crypto service providers and intermediaries. This move aims to enhance the traceability of asset transfers and combat money laundering and terrorist financing in the European Union. Starting from December 30, 2024, crypto exchanges operating in the EU
Bitcoin, the flagship cryptocurrency, has been experiencing a significant amount of selling pressure recently. One particular event that has caught the attention of the crypto community is the transfer of $6.8 million worth of Bitcoin from a dormant wallet that had been inactive for 12 years. This transfer has raised concerns about the potential impact
In recent market movements, BNB has taken a hit as it falls below the critical $500 support mark. This dip signifies an increase in selling pressure and a growing bearish sentiment within the cryptocurrency market. Analysts and traders are closely monitoring the situation for further downward movement, potentially targeting lower support levels. The breach of
Aayush Jindal has emerged as a luminary in the financial markets, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. His journey to becoming a trusted advisor and senior market expert to investors worldwide is marked by his innate ability to decipher complex systems and unravel intricate patterns. From a
The recent plummet in Bitcoin price can be attributed to various factors, one of them being the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution, accounting for 0.68% of the total Bitcoin supply, has sparked anxiety within the market. Large transfers of 52,633 BTC in recent hours indicate that
The Ethereum price continues to remain in a bearish zone, struggling to break above the $3,250 resistance level. Despite multiple attempts to recover, ETH has failed to gain momentum and has instead plummeted below the $3,000 support level. The recent dip even tested the $2,850 zone, showing the ongoing struggle of Ethereum to maintain a
