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Nigerian Regulator Pledges to Fight Crypto Fraud

Nigerian Regulator Pledges to Fight Crypto FraudThe Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos State Governor Babajide Sanwo-Olu said he supports regulating the crypto sector. Investor Education Nigeria’s securities regulator vows to crack down […]

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Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea

Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South KoreaCompass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining, […]

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Avalanche Powers Littio’s New USD Savings Accounts in Latin America

Avalanche Powers Littio’s New USD Savings Accounts in Latin AmericaLittio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation. Neobank Littio Uses Avalanche to Boost Financial Services in Latin America Littio, known for its mobile banking services, is using Opentrade’s […]

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Vaneck Launches $30M Fund to Boost Fintech, Crypto, and AI Startups

Vaneck Launches M Fund to Boost Fintech, Crypto, and AI StartupsVaneck, a global investment management firm, has announced the launch of a $30 million early-stage venture fund targeting fintech, digital assets, and artificial intelligence (AI) startups. Vaneck’s $30M Fund to Invest in Fintech, Digital Assets, and AI Named Vaneck Ventures, the fund will support companies in the pre-seed and seed stages, continuing the firm’s strategy […]

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Boerse Stuttgart Unveils Insured Ethereum Staking on Bison Platform

Boerse Stuttgart Unveils Insured Ethereum Staking on Bison PlatformEuropean exchange group Boerse Stuttgart has announced a major step into Ethereum staking, offering users a secure, insured way to earn passive income through its Bison trading platform. By partnering with top German firms, Bison enables staking for as little as 0.005 ETH with weekly rewards. The service, currently only in Germany, promises annual returns […]

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Crypto.com Files Suit Against SEC Over Expanded Jurisdiction Claims

Crypto.com Files Suit Against SEC Over Expanded Jurisdiction ClaimsCrypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges that the SEC is unlawfully extending its jurisdiction to include most digital tokens […]

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Microstrategy Stock MSTR Set to Surge by 64% on Bitcoin Investment Bet, Analysts Say

Microstrategy Stock MSTR Set to Surge by 64% on Bitcoin Investment Bet, Analysts SayMicrostrategy’s stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor’s leadership and the company’s vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance. However, challenges such as net losses and bitcoin volatility could complicate this forecast, despite a […]

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Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor SaysMayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could […]

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Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting Approval

Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting ApprovalHong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC […]

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SEC Flags Risks in Crypto and Emerging Tech Investment Scams

SEC Flags Risks in Crypto and Emerging Tech Investment ScamsThe U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find reliable advice. The agency is focusing on scams involving cryptocurrencies, financial grooming, […]

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