Author: e_cash_top

[ad_1] The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country in a significant reversal of its previous stance. The change was announced through a circular on Dec. 22. It allows Nigerian banks and other financial institutions to resume operations with cryptocurrency service providers. The initial ban, imposed in…

[ad_1] Yield farming, a concept born out of the decentralized finance (DeFi) ecosystem, has recently gained popularity. Simply, it refers to deploying idle cryptocurrency assets to generate additional returns or rewards. This innovative approach allows investors and users to maximize profits by participating in various liquidity pools and yield farming protocols. The allure of yield…

[ad_1] BarnBridge DAO, a decentralized finance (DeFi) platform and its founders have agreed to a $1.7 million settlement with the Securities and Exchange Commission (SEC) for the unregistered offer and sale of their structured crypto asset securities, known as SMART Yield bonds. The SEC announced the settlement, which includes a cease and desist clause preventing…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Analyzing the performance of Bitcoin against various fiat currencies on the Binance platform offers pivotal insights into the interplay between digital assets and traditional financial systems. CryptoSlate examined the performance data of Bitcoin trading pairs with several key fiat currencies over varying periods – 6 months, 3 months, 1 month, and 5 days- to…

[ad_1] Elon Musk provided a new estimate concerning the launch of payment features on X (formerly Twitter), as reported by Fortune on Dec. 22. Musk said that X will likely introduce payment features in mid-2024. Musk appeared to emphasize a focus on traditional currency: he argued that money acts as a “database for resource allocation”…

[ad_1] Stablecoin issuer Circle announced on Dec. 21 that it had received conditional registration under France’s cryptocurrency laws. Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy, said: “The selection of France as our European regulatory base builds on the country’s clear rules for responsible innovation in fintech and digital assets, while leveraging…

[ad_1] Sofia City Prosecutor’s Office has concluded a high-profile investigation into the activities of four individuals linked to the Nexo online platform. The investigation, initiated on September 29, 2022, focused on allegations of participation in an organized criminal group and unauthorized banking activities through Nexo. Four individuals were accused of operating an organized criminal group…

[ad_1] On Dec. 22, the U.S. Securities and Exchange Commission (SEC) admitted to making inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm accused of significant fraud. The SEC alleges that Debt BOX defrauded investors of almost $50 million. Though its core claims remain, the SEC admitted today that its legal counsel…

[ad_1] Chinese authorities have proposed a ban on converting virtual gaming tokens to fiat currency in a preemptive move to regulate the burgeoning Web3 gaming sector. The proposed rules were introduced as part of a larger draft of new regulations for the gaming industry. They aim to exert tighter control over the digital economy, particularly…