In the past few months, Nigeria and the USA have contested over the arrest of Binance Executive and US citizen, Tigran Gambaryan. This ongoing battle regarding Gambaryan’s prosecution has caught the market’s attention. Mohammed Idris, Minister of Information, made a statement on Wednesday defending Nigeria’s take on the case. He
In a historic move, the United States House of Representatives approved H.R.4763, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, on May 22. The bill, aimed at providing regulatory clarity for digital assets, passed with a significant majority in a 279 to 136 vote. This
US House of Representatives passed a resolution to overturn a contentious Securities and Exchange Commission (SEC) bulletin concerning accounting standards for cryptocurrency custodians. The resolution, passed by a vote of 228-182, garnered significant support from Republicans and 21 Democrats, underscoring growing tensions between legislative preferences and regulatory measures within the
A crypto wallet adorned with the label of former U.S. President Donald Trump has become the center of attention as the value of its TRUMP meme coin holdings skyrocketed to over $1 million. The TRUMP tokens, unrelated to the ex-President himself, were initially sent to Trump’s wallet as a marketing
US Presidential candidate Robert F. Kennedy Jr. has recently gained attention with his bold Bitcoin-focused policies. Speaking at a Heal-the-Divide PAC event, he stated, “Backing dollars and US debt obligations with hard assets like bitcoin could help… and prosperity.” Kennedy emphasized the potential benefits of his proposal, including restoring strength
In 2023, the cryptocurrency industry witnessed a notable chapter in its history, particularly within the United States. While the SEC’s rigorous actions against major exchanges and coins have created a challenging environment, the impact has been far-reaching. Amidst the market’s roller coaster ride, the struggle to reach a bullish trajectory
The U.S. Securities and Exchange Commission (SEC) has become increasingly aggressive in its pursuit of regulatory enforcement within the crypto world. The SEC has continuously filed lawsuits against the top crypto exchanges, including Binance. It creates uncertainty about the future of the crypto firms operating in the United States. Following
In the ever-evolving world of digital finance, cryptocurrency has emerged as a topic of significant interest for the next generation of U.S. presidential candidates. These political figures’ attitudes and policy suggestions are instrumental in shaping the future of this dynamic industry. Donald Trump: A Shift Toward Digital Assets Former President
FTX, the devastated crypto exchange firm’s ex-CEO, Sam-Bankman Fried (SBF), is approaching the US court to cancel out a few charges against him. The intelligent fraudster was arrested in the Bahamas on November 20, 2022. The U.S. Justice Department has filed cases against SBF on eight different counts, which include
Coinbase, a leading crypto exchange, is expanding its presence and is making potential progress toward that goal. Derivative exchanges of the largest US exchange are expected to open worldwide in the coming weeks. Following the exchange’s approach, “go broad and go deep”, the firm has collaborated with various countries internationally,
