Despite the bleak crypto market environment and the collapse of FTX, the government of Japan has agreed to make listings by cryptocurrency exchange in the nation simpler. Japan is relaxing its strict crypto laws even as the ripple effects of FTX’s downfall are still being felt across the industry and
December 29, 2022 1 min read
The Central Bank of Nigeria (CBN) has announced that the weekly withdrawal limit for individual banking customers would increase to $1,120 (N500,000) from January 9, 2023, from the current limit of under $50 (established on December 6). The CBN has imposed a cash withdrawal limitation for corporations of $11,200, a
December 23, 2022 1 min read
The proposed merger between Bullish, a crypto exchange backed by Peter Thiel, and Far Peak Acquisition Corporation, a special purpose acquisition company (SPAC), has been called off. With the merger agreement reached in July 2021, Far Peak and Bullish planned the cryptocurrency exchange would be listed on the New York
December 23, 2022 1 min read
Audit firms doing crypto company audits may expect heightened attention from the U.S. Securities and Exchange Commission (SEC). The SEC has voiced worry about the possibility of investors being given a false sense of security by auditing reports, increasing their vulnerability to cryptocurrencies. This comes after a number of cryptocurrency
December 22, 2022 2 mins read
The global dapp store, DappRadar, has released its 2022 end-of-year report on the blockchain, dapp, and cryptocurrency industries. One of the worst crypto winters ever occurred in 2022, resulting in a sharp decline in the value of most major cryptocurrencies and a spate of catastrophes, including the collapse of the
December 21, 2022 4 mins read
Waves CEO and founder Sasha Ivanov plans to release a new stablecoin. As the controversy surrounding Waves-backed stablecoin Neutrino USD (USDN) continues. Ivanov used Twitter on December 20 to reveal the USDN problem resolution strategy and a new stablecoin initiative. According to Ivanov, the new stablecoin would be “a hybrid
December 20, 2022 1 min read
After Pang Xue Kai, the exchange’s founder and previous CEO resigned. Binance on December 19 stated that it had acquired a controlling stake in the Indonesian cryptocurrency exchange Tokocrypto and named a new CEO. By purchasing its third licensed cryptocurrency exchange, Binance is capitalizing on favorable market circumstances to expand
December 20, 2022 1 min read
NFTBank teams up with X2Y2, the third-largest Ethereum-based NFT market, and an emerging NFT loans platform. Infrastructure for NFT financialization has developed over the last two years as NFT use has increased. NFT-backed loans, NFT rentals, and NFT derivatives are current developments that branch out from NFT markets and aggregators
December 19, 2022 3 mins read
Michael Burry, the founder of the investment company Scion Asset Management. And a well-known investor, said on Friday that proof-of-reserves (POR) audits of cryptocurrency exchanges such as Binance and the defunct exchange FTX are pointless. Furthermore, Burry is regarded as the first investor to correctly predict and benefit from the
December 17, 2022 2 mins read
The blockchain-focused venture capital firm Fenbushi Capital US has led Amber group’s new $300 million Series C investment round, the business announced on Twitter on December 15. As a result of the FTX collapse, Amber has opted to delay its Series B fundraising. And go through with its Series C
December 17, 2022 1 min read
