The fine was a consequence of the operator’s unlawful issuance of a margin trading product that included a credit facility to over 1,100 customers. The product allowed users to borrow…
Nigeria’s Economic and Financial Crimes Commission (EFCC) announced on 12 December 2024 that a Federal Capital Territory (FCT) High Court has convicted one Praise Humphrey Igbo (alias Jessica Allen) for…
Ethena launched USDtb in partnership with Securitize, serving as a traditional stablecoin with a distinct risk profile compared to its derivative-based USDe token. Ethena’s Risk Committee approved USDtb as a…
by Jude Ayua
Remote, a leading global human resources platform and payroll provider, has partnered with Stripe to facilitate stablecoin payments for international contract workers. Remote announced the partnership on 17…
by Ndianabasi Tom
Binance, the world’s largest cryptocurrency exchange, has recorded a staggering $23.67 billion in net inflows so far in 2024, according to data from DefiLlama. This massive inflow highlights…
A press release from the Toronto Police Service disclosed that in the fall of 2021, it received a “romance cryptocurrency fraud complaint” after the victim initially lost over $355,000 in…
Quintenz is a former Republican CFTC commissioner (2017–2021). Before the CFTC, he was Founder and leader of a hedge fund, Saeculum Capital Management. He currently leads policy at a16z Crypto,…
$RLUSD is a 1:1 US dollar-backed stablecoin. Like Tether’s USDT, US dollar deposits, short-term US government treasuries, and related cash equivalents, will be $RLUSD’s backing structure. $RLUSD aims to penetrate…
Announced at the 2024 Abu Dhabi Finance Week, the strategic partnership is also aimed at supporting the advancement of the global digital assets and broader financial services ecosystem. The collaboration…
Trump’s choice of Atkins as the US SEC chair shows his resolve to take a lighter regulatory approach toward cryptocurrencies than the current administration under the chair, Gary Gensler. In…