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Lennix Lai

Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves

Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-ReservesOn Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE

Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAEThe Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services to pre-qualified investors and financial service providers. OKX Allowed to Extend Certain Exchange […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern