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Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency

The cryptocurrency exchange Binance is confronting increased regulatory pressures in Nigeria as authorities have escalated their accusations against the global digital asset platform. In a recent turn of events, Binance has been accused of facilitating activities that allegedly contributed to the crash of the Nigerian currency, the naira, in February 2024. These developments come despite … Continue reading Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency

OKX Announces Listing of Tensor (TNSR) for Spot Trading

OKX, a prominent cryptocurrency exchange, has recently unveiled its decision to include Tensor (TNSR) on its spot trading market, as per an official announcement on April 8, 2024. The exchange has provided a detailed schedule for the TNSR trading activities: TNSR deposits will be open for users to make at 4:00 am UTC on April … Continue reading OKX Announces Listing of Tensor (TNSR) for Spot Trading

Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury

A jury in the US District Court for the Southern District of New York has found Terraform Labs and its co-founder Do Kwon liable for defrauding investors. The verdict was handed down after deliberations that declared the company had engaged in the unlawful offering and selling of crypto asset securities, bypassing the regulatory framework established … Continue reading Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury

Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development

In a recent speech at the opening ceremony of the “2024 Hong Kong Web3 Carnival,” Deputy Secretary of the Financial Services and the Treasury Bureau, Edmond Huang, highlighted the government’s efforts in modifying relevant laws to bring over-the-counter (OTC) trading of virtual assets under formal regulatory oversight. The government also plans to allow intermediary institutions … Continue reading Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development