Binance Stares Down $10B Fine in Escalating Nigeria Crackdown

In recent days, Nigerian regulatory authorities have intensified their scrutiny of crypto exchanges, with a particular focus on Binance. In addition to blocking access to the exchange’s website and compelling it to cease operations of its naira peer-to-peer (p2p) marketplace, regulators have detained two of Binance’s executives in pursuit of customer information and transaction data….

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Meme Coin Rally May Signal Impending Altcoin Season; This Is the Sign to Watch

Bitcoin Leads Crypto Surge: Bitcoin has been at the forefront of the cryptocurrency surge this year, yet analysts are suggesting that soon, alternative cryptocurrencies, or altcoins, might take the lead. BTC, the largest and most established cryptocurrency, has been spearheading the recent surge in digital asset prices. However, there are indications that a phenomenon known…

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Portal’s gaming token hits $425 million in market cap

Recently, a much-awaited gaming token and cross-chain platform named Portal made its long-awaited entrance, generating fervent enthusiasm among both airdrop participants and Binance token stakers. This token, aptly named PORTAL, operates on the Ethereum blockchain and marked its debut with an initial price of $2.54 per token. With a total of approximately 167 million tokens…

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The launch of BLAST Mainnet results in a withdrawal of $400 million.

summary Upon the launch of the Blast Mainnet, users withdrew $400 million, unlocking $2.3 billion in staked crypto. Blast provides up to 5% APY on Ether and stablecoins generated from staked ETH and T-Bills. Controversies emerge regarding withdrawal restrictions, marketing tactics, and alleged exit scams. The eagerly awaited mainnet launch of Blast, a layer-2 blockchain…

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Revealing the Dark Web: The Role of Privacy Coins in Facilitating the Trade of Illegal Content Online

According to Chainalysis’s 2024 Crypto Crime Report, privacy coins are facilitating the proliferation of child sexual abuse material (CSAM). The report underscores crypto’s increasing utilization as a means of payment among dark web vendors involved in CSAM. Similar to other items available on the dark web, CSAM is frequently traded using Bitcoin. However, the privacy-focused…

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Nayib Bukele responds to Bitcoin critic Peter Schiff: “Keep crying harder 😘”

summary El Salvadorian president Nayib Bukele responds to critics as the country’s Bitcoin (BTC) portfolio experiences a gain of over 40% during the Bitcoin bull market. Peter Schiff, a prominent Bitcoin skeptic, challenges Bukele to acknowledge the profits before boasting about them. Nayib Bukele delivers a brief rebuttal, urging Schiff to “cry harder.” Schiff’s comments…

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BlackRock is set to introduce Brazil’s inaugural Bitcoin ETF on March 1st.

BlackRock plans to expand Brazil’s cryptocurrency market by unveiling the nation’s premier spot Bitcoin exchange-traded fund (ETF), known as the iShares Bitcoin Trust BDR (IBIT39). Scheduled to debut on March 1st on Brazil’s primary stock exchange B3, the iShares Bitcoin Trust Brazilian Depositary Receipts (BDR) will initially target qualified investors. There are intentions to broaden…

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HFSC decides to overturn SEC guideline regarding cryptocurrency custody.

summary House Committee votes to overturn SEC rule on crypto custody, aiming to facilitate bank involvement with digital assets. Bipartisan support with 31 members backing the resolution, citing concerns over bank barriers in crypto. Critics caution against overturning SAB 121, fearing loss of SEC clarity and potential impact on the crypto industry. The House Financial…

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The best bitcoin trade in February wasn’t bitcoin

Bitcoin’s February Surge Bitcoin experienced a remarkable surge in February, with its value soaring by over 40% since the beginning of the month. This surge has propelled Bitcoin to heights not witnessed since 2020, with daily gains becoming a common occurrence. However, while investing directly in Bitcoin proved profitable, the trading exchange Coinbase and miner…

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