Nigeria Embraces Crypto Regulation, SEC Plans to License Digital Asset Issuers
Key Insights Nigeria’s SEC plans to start licensing issuers of virtual assets, including cryptocurrencies, as the country sees a surge…
Nigeria’s FIRS Announces Plan to Present Crypto Taxation Bill to Parliament
Key Insights Nigeria’s FIRS plans to present a bill for taxing the cryptocurrency industry to the country’s parliament by September.…
Crypto Scam Victim Sues Google for $5 Million Over Fraudulent App
Key Insights Florida resident Maria Vaca is suing Google for $5 million after losing money to a crypto scam app…
Robinhood’s Crypto Trading Volumes Surge 137% in Q2
Key Insights Robinhood’s crypto transaction-based revenues grew 161% year-over-year to $81 million in Q2 2023, outpacing equity trading revenues. The…
Bitcoin’s 20% Plunge “Not Its Fault,” Says Bernstein Analysts
Key Insights Cryptocurrency market sees sharp decline, with Bitcoin falling nearly 20% and Ether losing all 2024 gains. Bernstein analysts…
Crypto Market Plunges $270 Billion as Global Equities Tumble
Key Insights Cryptocurrency market loses $270 billion in value, with Bitcoin falling 11% to $54,000 and Ethereum’s Ether dropping 21%.…
ESMA Warns of Regulatory Gaps in Global Crypto Firms’ EU Operations
Key Insights ESMA warns of risks from global crypto firms routing EU orders to offshore venues, potentially undermining consumer protection…
Crypto Hacks and Scams Surpass $1.19 Billion in 2024
Key Insights Crypto industry losses reach $1.19 billion in 2024, with July accounting for $269.4 million primarily due to the…
Global Crypto Investment Products See Record $1.44 Billion Weekly Inflow
Key Insights Global crypto investment products recorded $1.44 billion in net inflows last week, pushing year-to-date figures to a record…
ESMA: Crypto Staking Services to Require MiCA Authorization, Client Consent
Key Insights ESMA clarifies that while MiCA doesn’t specifically regulate staking, staking services fall under custody service provisions and require…