Tag: Cryptos

Article Summary Former President Mohammodu Buhari signed the Finance Act 2023 into law, introducing tax reforms aimed at modernizing Nigeria’s fiscal framework. The Act includes a 10% tax on gains…

Article Summary The U.S. SEC has sued Binance and its CEO for violating securities laws, including offering unregistered securities and commingling customer funds. The lawsuit has impacted the crypto market,…

Article Summary Cryptocurrency market experienced a bearish trend in May 2023 due to expected government debt increase and liquidity withdrawal from the market. Bitcoin’s price declined by 26.92% in May,…

Article Summary The SEC has sued Binance, the world’s largest crypto exchange, and its CEO for alleged securities law violations. BNB price drops: Binance’s native token, BNB, plunges over 9%…

Article Summary Naira strengthens: The Nigerian Naira gained one Naira against the US dollar, settling at 758 Naira/dollar compared to the previous week’s rate of 778 Naira/dollar. Declining stablecoin market:…

Article Summary Bybit exits the Canadian market: Bybit, a cryptocurrency exchange, is leaving the Canadian market due to regulatory developments. Other exchanges have also suspended operations in Canada. Low volatility:…

Article Summary The inauguration of President Tinubu brings hope for Nigeria’s cryptocurrency industry. Strategies include regulatory framework, education, infrastructure development, and collaboration with financial institutions. Support for blockchain startups and…

Article Summary ERC-6651 is a new standard for NFT token development, aiming to enhance functionality, security, and interoperability. It introduces token-bound accounts (TBAs) that can hold tokens and other NFTs,…

Article Summary The XRP Ledger (XRPL) experienced increased network activity in Q1 2023, with daily active addresses and daily transactions rising by 13.9% and 10.7% respectively. The growth in total…

Article Summary In a major initiative designed to improve global standards of regulation of crypto-assets, IOSCO has set out how clients should be protected. The organization also set out how…