The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central bank has outlined rules for […] Source: https://news.bitcoin.com/nigeria-resumes-dollar-sales-to-money-changers-amid-nairas-decline/
FTX debtors will pay Emergent $14 million to cover administrative expenses in exchange for the firm withdrawing any claims to $600 million in Robinhood shares and cash. Source: https://cointelegraph.com/news/ftx-strikes-deal-over-600-million-in-robinhood-shares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s […] Source: https://news.bitcoin.com/putin-acknowledges-russia-as-a-bitcoin-mining-leader-54000-btc-mined-in-2023/
The SEC is having a record crypto enforcement year, bolstered by a $4.47 billion settlement with Terraform Labs and former CEO Do Kwon. Source: https://cointelegraph.com/news/sec-crypto-monetary-enforcement-3000-percent-rise-in-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without hindering innovation. To achieve this balance, Emomotimi Agama believes Nigeria needs a clear regulatory […] Source: https://news.bitcoin.com/nigerian-regulator-threatens-crackdown-on-unlicensed-crypto-entities/
A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam. Source: https://cointelegraph.com/news/apple-iphone-16-launch-crypto-scam-youtube-livestreams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions […] Source: https://news.bitcoin.com/kraken-adjusts-margin-product-to-comply-with-australian-crypto-law-calls-for-clearer-regulation/
“Potential upcoming near-term catalysts for Bitcoin are sparse at the moment,” says NYDIG head of research Greg Cipolaro. Source: https://cointelegraph.com/news/bitcoin-seasonal-slog-september-low-chance-near-term-positives-nydig?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A Senate veto-busting vote saw 12 Democrats who initially voted for North Carolina’s CBDC banning bill switch to backing Governor Roy Cooper’s veto. Source: https://cointelegraph.com/news/north-carolina-passes-fed-cbdc-ban-override-governor-veto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. […] Source: https://news.bitcoin.com/sec-warns-of-bitcoin-and-ether-etf-risks-labels-btc-eth-highly-speculative-investments/
