Tag: Cryptocurrency
Fordefi secures $10m investment for crypto wallet-as-a-service
Cryptocurrency firm Fordefi is launching a wallet-as-a-service offering after raising $10 million in a seed-extension round.
Electric Capital led the round with participation from Paxos...
Bitcoin nears $50,000
Bitcoin is flirting with a winning run last seen a year ago, aided by the record-breaking debut of US exchange-traded funds for the token.
The...
Ransomware hackers stole over $1 billion in crypto in 2023
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion plus in 2023, blockchain analytics firm Chainalysis has said.
Scammers targeting institutions such...
Binance Founder Changpeng Zhao steps down, pleads guilty to violating anti-money...
Zhao Changpeng, the chief executive of Binance, the largest global cryptocurrency exchange, stepped down and pleaded guilty to violating criminal U.S. anti-money-laundering requirements, in...
95% of NFTs now worthless
NFTs (non-fungible tokens), which were once the darlings of the blockchain world, are now almost worthless, according to analysis by crypto gambling website, DappGambl.
Per...
FTX sues Bankman-Fried’s parents over misappropriated funds
The FTX legal saga continues to play out as parents of the company’s founder, Sam Bankman-Fried, have been sued by the FTX parent company...
Mastercard to end Binance crypto-to-fiat card partnership
Mastercard and Binance are to end their partnership using four crypto card programmes in Argentina, Brazil, Colombia and Bahrain by the 22nd September this...
FTX founder jailed after revocation of bail
FTX founder and former boss, Sam Bankman-Fried is heading to jail after a judge revoked his $150 million bail package over alleged witness tampering.
Judge...
Worldcoin suspended in Kenya
The Kenyan government has ordered cryptocurrency project Worldcoin to stop signing up new users, citing data privacy concerns.
Worldcoin, founded by US tech entrepreneur Sam...
Nigeria’s SEC says Binance operations in country are ‘Illegal’
The Securities and Exchange Commission (SEC) of Nigeria has declared the operation of Binance Nigeria Limited, a subsidiary of Binance, as illegal in the...