Coinbase Global Inc. said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs …
Cryptocurrency
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After a storming year in 2021, Bitcoin’s value declined significantly in 2022, dropping as low as $15,757 in November. The world’s largest cryptocurrency didn’t start the year well, having its worst …
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AfricaAFRICA NEWSBanking, Finance & InvestmentCryptocurrencyUncategorized
Access Bank disowns fake news on cryptocurrency platform
Contrary to an unsubstantiated report circulating on the internet, Access Bank Plc has not launched any Bitcoin bank or introduced a cryptocurrency product. A statement by the Bank’s management dissociated …
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AfricaAFRICA NEWSCryptocurrency
South Korea says crypto fugitive Do Kwon is hiding in Serbia
by Editorby EditorDo Kwon, a disgraced tycoon behind the collapse of the TerraUSD and Luna coins that roiled the crypto assets market in May, is hiding in Serbia, according to South Korean …
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BinanceCryptocurrency
Crypto Exchange Binance Introduces Payments Service for Customers
by Editorby EditorU.S.-based customers of the Binance exchange’s Binance.US unit are now able to use the Binance.US Pay payments system to send money on their mobile app. The feature has been available …
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The collapse of FTX was triggered by Binance, investor Kevin O’Leary claimed at a Dec. 14 United States Senate committee hearing about the crypto exchange’s meltdown. O’Leary, who was a …
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Before 2022, sanctions in crypto sounded somewhat extravagant. While governments around the world have been after this industry for quite a while, it still seemed that cryptocurrencies, by their initial …
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Cryptocurrency
FTX founder Sam Bankman-Fried arrested in Bahamas, prosecutors say
by Editorby EditorThe founder of the failed cryptocurrency exchange FTX has been arrested in the Bahamas, and federal prosecutors in the United States have filed charges in New York. “Earlier this evening, …
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The fall of the FTX crypto exchange forced many to reconsider their overall approach to investments — starting from self-custody to verifying the on-chain existence of funds. This shift in …
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BusinessCryptocurrencyEconomyMarketsNigeria
Nigeria SEC decline cryptocurrencies to promote digital assets
The Securities and Exchange Commission says it will not be considering cryptocurrencies in its push for digital assets. The commission in February 2021 suspended the approval of cryptocurrencies and related products and …