Nigeria’s Corporate Affairs Commission (CAC) registers blockchain company and issues certificate; queries its staff member for issuing wrong query preventing registration of blockchain company.

The blockchain company, FlintAPI Limited, whose application for company registration in Nigeria was queried for being a blockchain company has now been registered by the Corporate Affairs Commission (CAC). This latest development was the intervention of the Registrar-General of CAC, Alhaji Garba Abubakar.address the imposed Bitcoin problems.

Crypto Market Analysis: As bitcoin gains from expected US bitcoin ETF, altcoins are set for a bullish run.

Currently, there is support around the $58,000–$60,000 zone for bitcoin (BTC). This support could be retested.When tested, the current support is very likely to hold, following recent news about the first-ever U.S bitcoin futures ETF about to kick off next week following a tacit approval by the U.S Securities and Exchange Commission (SEC).BTC dominance is currently about 46% of the crypto...

Tether to pay $41 million for claiming that USDT stablecoin was fully backed by US Dollars, orders CFTC

Tether, the issuer of USDT—the crypto industry's biggest and the most used stablecoin currently—has been fined $41 million by the Commodity Futures Trading Commission (CFTC) for claiming that  Tether stablecoin was fully backed by US Dollars. This was the order of the CFTC on Friday 15 October 2021. According to CFTC in its press release, Tether made "untrue or misleading statements and...

Total value locked across all decentralized finance (DeFi) platforms reached a new high of $200 billion for the first time ever

The total value locked (TVL) across all decentralized finance (DeFi) platforms made a new high this week, amounting to over $200 billion, according to analytics platform DeFi Llama. This is the first time TVL across DeFi platforms has reached this milestone. Just about a month ago, it was reported in DeFi Q3 Report by DappRadar that the DeFi space had around...