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Nigeria’s Plans to Include Fintechs in Broadened Official Currency Market

Nigeria Contemplates Outlawing Forex Parallel Market Nigeria is taking steps to expand its official currency market to include "legitimate" participants, such as bureaux de change and financial technology companies. Taiwo Oyedele, a member of President Bola Tinubu's committee on fiscal policy and tax reforms, revealed this plan during the Nigerian Economic Summit. Additionally, the government […]

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Prosecutors Question Sam Bankman-Fried’s Memory in FTX Case Without Jury

Prosecutors Probe Sam Bankman-Fried's Message Deletion Practices During an ongoing hearing, federal prosecutors interrogated Sam Bankman-Fried, the CEO of now-bankrupt crypto exchange FTX, regarding his message deletion practices and the alleged use of customer funds. The prosecutors focused on Bankman-Fried's use of the encrypted messaging app Signal and his enabling of auto-delete features in 2021.

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The Rise and Fall of Bitcoin: $323 Million in Short Positions Liquidated

A Surge in Bitcoin's Value On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. As the market soared, traders who had placed their bets against crypto

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SEC Drops Lawsuit Against Ripple Executives as Meme Coin Market Shrinks

SEC Drops Charges Against Ripple Executives In a significant development, the U.S. Securities and Exchange Commission (SEC) has decided to drop all charges against Ripple's executives, CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple's chief legal officer described the SEC's move as a surrender rather than a settlement. This decision marks a major turning point

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Kraken Boosts European Footprint With Acquisition of Dutch Crypto Broker

Kraken, a leading cryptocurrency exchange, underscores its commitment to European expansion with its recent decision to acquire Coin Meester B.V. (BCM), one of the most reputable crypto brokers in the Netherlands. The move reflects Kraken's ongoing endeavor to broaden its European operations in alignment with regional regulatory requirements. Kraken's Planned Acquisition of Dutch Crypto Broker

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Understanding Gold Sovereign Coins: Why They are Worth Your Investment

Investing in gold has always been a universal approach to fortify your portfolio. There is a certain charm in selecting gold coins, each having its unique history and value. Undeniably, gold sovereign coins, with their rich lineage and value, have lured countless investors worldwide. Let's delve into the origin, worth, and overall investment potential of

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