As the cryptocurrency sector anxiously awaits a verdict, the Nigerian court has rescheduled the trial of Tigran Gambaryan, a former US federal agent and executive of crypto exchange Binance, until September 2. Later afternoon, the most recent court hearing involving Gambaryan will begin. The executive of Binance was taken into
Eleven months of steady growth led to the market capitalization of stablecoins reaching an all-time high of $168 billion. The market’s sharp decline to $135 billion by the end of 2022 set the stage for a strong recovery. Reportedly, DefiLlama data reveals that the overall market capitalization of stablecoins has
Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use
Willemstad, Curacao, 9th August 2024, Chainwire
The UBIT Blockchain Ecosystem Hackathon 2024, organised by Coinstore Labs, has wrapped up, marking a significant milestone for the blockchain development community. With developers from over 30 countries submitting 102 projects, the event showcased innovative solutions and advanced technology, promising to benefit the UBIT chain and shape the future of
In H1 2024, the stablecoin sector witnessed 24.3% growth in market cap according to CMC data. It also dominated the DeFi sector and is stated to be a fast emerging digital asset. Popular stablecoins such as USDT and USDC showed substantial growth in users apart from increases in market cap.
Ferrari is extending its cryptocurrency payment options to its European dealer network this month, following a successful U.S. launch. The luxury sports car manufacturer will broaden this initiative to other international markets where cryptocurrencies are legally accepted, according to a Reuters report. The Italian automaker initially introduced crypto payments in
With the Ethereum ETF about to be greenlit, traders searching for the best platform to trade the ETF have chosen RCO Finance (RCOF). They are attracted by the project’s integration of artificial intelligence to enhance the trading experience and maximize profits. What are the other perks of trading with RCO
The decision in the tax evasion trial against Binance, a cryptocurrency exchange, is expected from a Nigerian court on October 11th. Among Binance’s four accusations of tax evasion is a failure to register with the Federal Inland Revenue Service (FIRS) of Nigeria. Local media reports that Ayodele Omotilewa, a lawyer
Grand Cayman, Cayman Islands, 11th July 2024, Chainwire
